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Progressive and State Farm, two of America's largest auto insurers, are refusing to write policies in certain cities for some older Hyundai and Kia models that have been deemed too easy to steal,.
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The Highway Loss Data Institute shows theft insurance claims among 2015 to 2019 models of Hyundai and Kia were nearly double those of all other manufacturers.
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Progressive and State Farm will no longer issue insurance policies for select Hyundai and Kia vehicles due to a rise in thefts among the vehicles, the insurers confirmed this week. But what.
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Nov 16 (Reuters) - A U.S. judge rejected bids by Hyundai (005380.KS) and Kia (000270.KS) to dismiss litigation by several hundred insurers seeking to recoup more than $1 billion they claim to owe.
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These Hyundai and Kia Models Are Blacklisted By State Farm Insurance Over Thefts If your car is already insured, your policy won't be changed but you won't be able to create a new State Farm.
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There was an online post from a Kia owner who said his insurance company was dropping him altogether. It is turning into a real issue for anyone who owns one of these vehicles. Kelsey Baye said.
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Kia and Hyundai recently agreed to a $200 million class-action payout filed because some of its vehicles were too easy to steal, yet the owners of affected cars appear to still have a big problem: finding affordable auto insurance.
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USA TODAY 0:04 0:31 Almost 4 million Hyundai Elantra, Sonata and Venue drivers will soon have access to free anti-theft software upgrades, the company says.
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By Caroline Hicks Published: Feb. 1, 2023 at 3:27 PM PST CHARLOTTE, N.C. (WBTV) - Two major insurance companies announced they will increase rates or limit new insurance policies for some Hyundai and Kia models.
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Consumer advocates say that the blame lies with several players — the carmakers that omitted anti-theft features on certain models, the dealers that continue to sell the affected vehicles, the.
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• May 8, 2023 Almost a year ago, a TikTok video showing how easy it is to steal some Kia and Hyundai models went viral, leading to a wave of car thefts. It wasn't long before owners of these.
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Major insurance companies drop coverage of some Hyundai, Kia vehicles after theft issues Saleen Martin USA TODAY 0:00 2:23 Progressive and State Farm have dropped some older Hyundai and Kia.
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FOUNTAIN VALLEY, Calif., April 13, 2023 - Hyundai Motor America and independently operated AAA insurers today announced a program to offer insurance options in most states (specifics below) for owners of certain Hyundai vehicles without push-button ignitions and immobilizing anti-theft devices. Under the program, AAA insurers will issue new.
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Insurance companies might be declining new policies or possibly raising premiums in the future in response to the increase in thefts of Kia and Hyundai cars. Insurance companies have broad authority to deny coverage, raise premiums or refuse renewals, and Friedlander says the magnitude of this issue is forcing underwriters to think through.
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What models are affected? According to this list published by TheDrive, the following models are affected [3]: 2015-2021 Hyundai Accent (all body styles) 2015-2021 Hyundai Elantra (two-door and four-door) 2015-2021 Hyundai Kona 2015-2021 Hyundai Santa Fe 2015-2021 Hyundai Tucson 2015-2018 Hyundai Veloster 2015-2021 Kia Forte 2015-2021 Kia Optima
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Both Kia and Hyundai made statements to NBC15 in response to these insurance company decisions. "Kia America regrets this decision by certain insurers and its impact on owners and lessees of select Kia vehicles, which we anticipate will be temporary," Kia stated to NBC15.