Insurance Companies are turning away certain Kia and Hyundai Models
Roughly 66% of vehicle thefts today involve Kia, and Hyundai models. Car theft has spiked since the pandemic, and have recently increased within the past few months, especially with these two particular vehicle types.
Progressive Insurance is known worldwide as a company who will insure just about anyone, and any product. As an Insurance broker, Progressive is our go-to when quoting a challenging situation, such as an international license, foreign or salvaged vehicle, High risk SR-22 client, and many other situations. Progressive is always great at insuring just about everything we need, when other companies will not. However, since the uprise in Kia and Hyundai thefts, Progressive is turning away these vehicles like many other well known companies such as State Farm, and All State.
Customers who have had Insurance with a company are now receiving ‘Non Renewal’ offers because of their high risk vehicles. So what are customer’s supposed to do if they can not obtain insurance? If they can find a company to insure their vehicle, the cost will likely be increased because of the high risk the insurance provider will be taking on.
Kia and Hyundai Thefts – What Makes them an Easy Target
What makes Kia and Hyundai thefts so prevalent compared to other types of vehicles? One of the biggest reason’s is the Immobilizers. 96% of vehicles sold had immobilizers as standard equipment in the vehicle, but apparently only 25% of Kia’s and Hyundai’s have immobilizers. Perhaps this is the reason the vehicles are so cheap, they are poorly made from a risk of theft standpoint.
These vehicles are so easy to break into and steal, according to the latest Tik Tok trend, young people are speaking out as to how easy they are to steal. One person stated, that all they used was a screwdriver to break in, and a USB cord to plug in and turn on the ignition!
Tik Tok is a rapid growing platform, and many of you may hear about the Tik Tok Challenges. As if the risk of owning a Kia and Hyundai wasn’t enough, there is now a social media Tik Tok Challenge inspiring others to steal these vehicles and make a video. In order to appease fellow tik tokers, people are challenging each other to preform the acts of stealing and destroying vehicles, just for the challenge. Most of the vehicles are left somewhere random at the end of the escapade, but some vehicles are completely destroyed.
Kia and Hyundai Thefts – How to obtain Insurance if you own a Kia or Hyundai
If you own a Kia or Hyundai, and you are having a hard time obtaining insurance, or finding a new Insurance company after a Non Renewal, do not be discouraged. My advice is to call an Insurance Broker, like us at A Plus Insurance, which is able to save you time and hassle for finding an affordable Insurance provider. We are licensed in over 30 States, with several Insurance companies that we are able to look at and compare prices. Chances are, if you can’t find a company to insure your vehicle – we can! CarInsurance.com Also has insight and tips on how to get coverage for hard to insure cars.
If you obtain auto insurance, you may be faced with paying a higher premium for your Kia or Hyundai due to the high risk of theft. You can consider altering your coverages to allow for an affordable premium. You can install safety features, such as anti theft devices which some companies may honor a discount for having. And if possible, you can park your vehicle in a locked garage to minimize the risk of your vehicle being stolen.
Last Updated on by Lauren Mckenzie