Published 1 year ago

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

Summary by Ground News

US insurers are shying away from writing policies for car models that are easy to steal. Some older Hyundai and Kia models are twice as likely to be stolen as other vehicles of similar age. Two major insurance firms have now told CNN that they're avoiding covering these cars. The Kia Boys trend started with teens in Wisconsin, but quickly became a nationwide fad.

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USA Today

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.

1 year ago·United States

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Alabama Live

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.

1 year ago

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WSVN

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...

1 year ago·Miami, United States

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Just the News

Major insurers refuse to cover older Hyundai and Kia models over theft concerns

Some models are up to 20 times more likely to be stolen than other vehicles, a Progressive spokesperson said.

1 year ago·Washington, United States

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CENTRALILLINOISPROUD

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…

1 year ago

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