Insurance Companies Are Refusing to Cover Certain Hyundai and Kia Models
You’ve probably heard about the TikTok-inspired uptick in Hyundai and Kia thefts, where the lack of an immobilizer has given thieves an open invitation. Beyond the stress that your car could be stolen at any time, insurance companies now appear to be less willing to cover the vehicles.
The Drive spoke with Progressive Insurance, which said it had stopped issuing new policies to some Hyundai and Kia vehicles. A spokesperson told the publication that “due to the theft risk that some Hyundai and Kia vehicles present, in many cases, it makes these vehicles difficult to insure, so in certain areas of the country, we have adjusted our acceptance criteria for new business.”
The changes do not affect existing policyholders, but it certainly puts a damper on anyone hoping to grab a used car and get it insured. The Drive’s staff reached out to several other insurers in different areas of the country, discovering that several were unwilling to issue new policies. Progressive denied policies for a Kia Soul in Denver, and news outlets in other cities have reported similar outcomes.
Those that don’t deny insurance coverage outright charge much more for the privilege. One driver told his local newspaper in St. Louis that Progressive would cover his car but would charge $350 monthly.
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Hyundais have become even more popular since GM and Ford have cancelled most of their carlines. Detroit used to build cars worth stealing.
I'm out of the loop on this situation.
So, does my 2017 Sportage have an immobilizer or not?
What's the tipping point for has/doesn't have ?
Looks like investing in that $99 gadget would be worthwhile
Problem solved. Got a letter from Kia saying a free software update for my Sportage can be done on the next service, March 6th it is!