On the rise in theft… US insurance company rejects coverage for some Hyundai and Kia models – Colorado Times

Advanced State Farm “targeted for specific year models in certain regions”

CNN reported on the 28th that some insurance companies in the United States are refusing to provide insurance for Hyundai and Kia models that have been subject to so-called ‘theft challenges’ in some regions.

According to reports, insurance companies Progressive and State Farm do not insure Hyundai and Kia models that do not have anti-theft technology applied in cities such as Denver, Colorado and St. Louis, Missouri.

Statefarm told CNN that “some states have stopped buying insurance for certain model years of Hyundai and Kia vehicles,” because “theft losses for these vehicles have increased significantly.”

Progressive also said, “Theft rates for some Hyundai and Kia models have more than tripled over the past year, and in some areas these vehicles have been stolen 20 times more than others.” “We are limiting insurance sales for some models.”

However, the two companies did not specifically disclose in which regions they stopped providing insurance.

Previously, as the so-called ‘Hyundai-Kia stealing cars’ social media challenge was rampant in some areas of the United States, thefts of vehicles from both companies increased.

The target vehicles are certain models of Kia Motors manufactured between 2011 and 2021 and certain models of Hyundai Motors manufactured between 2016 and 2021. Most of these vehicles have metal keys and no ‘engine immobiliser’ device anti-theft.

The Highway Loss Data Laboratory (HLDL), a non-profit organization, analyzed the number of insurance claims and found that the theft rate of some Hyundai and Kia models released between 2015 and 2019 was more than twice that of other vehicles of the same model. year.

As the theft escalated, car owners in Wisconsin, Ohio, Missouri, and Kansas filed a class action lawsuit seeking damages last year claiming Hyundai and Kia vehicles were stolen due to defects, and Columbus, Ohio , St. Louis, Missouri, and Seattle, Washington Local governments have also filed lawsuits.

Hyundai and Kia are taking countermeasures by providing car owners with steering wheel locks and anti-theft security kits.

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