Major insurers reportedly plan to drop Kia and Hyundai coverage due to thefts

Citing theft, State Farm drops coverage of certain Kia and Hyundai models

PEORIA, Ill. (WMBD) -- State Farm is no longer accepting new car insurance applications for certain Kia and Hyundai models made between 2015 to 2019, citing theft concerns. In a statement, State Farm spokesperson Sevag Sarkissian said the rise in car thefts "is a serious problem impacting our customers and the entire auto insurance industry." "We take seriously our responsibility to manage risk and the impact of excess claim costs on all our cus…

REPORT: Major insurers plan to drop coverage of two car models due to thefts

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Insurance companies refusing to carry some Hyundai and Kia models over thefts

Insurance companies are refusing policies on certain Hyundai and Kia models, and raising rates on those already insured, because of skyrocketing thefts.

Major insurance companies drop coverage of some Hyundai, Kia vehicles after theft issues

One insurance analysis organization has said both Hyundai and Kia vehicles lack anti-theft technology, making them easier to steal.

Some auto insurers are refusing to cover certain Hyundai and Kia models

(CNN) — Progressive and State Farm, two of America’s largest auto insurers, are refusing to write policies in certain cities for some older Hyundai and...

Major insurers drop coverage for some Hyundai, Kia models due to theft

Two of America’s largest auto insurers are refusing to write policies in some cities for older Hyundai and Kia models considered too easy to steal, according to reports.