
Here’s Why Some Auto Insurers Are Boycotting Certain Hyundai And Kia Models

Car insurance has become necessary and an essential for anyone who owns an automobile. These insurances help you keep your peace of mind knowing that whatever comes up with the car will be handled by the insurance company but what would happen if the insurance company refuses to take on your car?
Unfortunately, for many car owners, this has become their reality. State Farm and Progressive, leading American Car insurance companies, have blatantly refused to generate policies in particular cities for previous models of Kia and Hyundai. However, it is not because of some mal intent towards the car manufacturers in fact it is due to the fact that these cars have been considered to be ‘too easy to steal’ as per the car insurance company. If you own a Kia or a Hyundai, you might want to read what is coming next.

Brett Sayles/Pexels | You might want to think again if you plan on purchasing an old model of Hyundai or Kia.
No Service Provided
There are numerous reports that disclose that companies have decided to stop offering their service towards particular models in the US cities that include St. Louis, Denver, Colorado, Missouri. However, when CNN reached out to those car insurance companies, they refused to disclose the states or the cities that were included on their list.
The Highway Loss Data Institute released data that showcased various social media accounts, from 2015 to 2019, stating that Kia and Hyundai models are almost twice as likely to be stolen compared to other vehicles that were released during the same time period. This is because most of these models are not equipped with the basic auto anti-theft technology which was included in other vehicles of the year.

Jesse Zhang/Pexels | Seems like this is more of a ‘theft’ problem than a ‘car’ problem.
All for Social Media?
These high number of thefts came after the rise in social media trends which was about stealing cars, 2021. HLDI revealed that people stealing the cars began filming themselves stealing or taking joyrides. These videos were also explaining how to steal cars. Theft claims for Hyundai and Kia went up more than 30 times in 2019, in Wisconsin where the crimes became prevalent.
In the light of this, State Farm has held off writing new business in certain states for particular models mainly because he theft losses for the vehicles have went up by a great deal. The Car insurance stated that this is a serious issue that is impacting their customer base and subsequently, the auto insurance industry as well.

Jay Pizzie/Pexels | Now, both the automobile companies are working on upgrading their security software to provide security to their customers.
Electric Immobilizers
Electronic immobilizers are based on computer chips and are placed in a car and one of them is placed in the key to ensure that the key belongs to the car. Without the right key, the car’s electronic immobilizer comes into play and stops the car from moving. The immobilizers were used on 96% of the vehicles which were sold during 2015-2019. According to HLDI, only 26% of the Kia and Hyundai models had those.
More inCar Insurance
-
`
How Much Is The Tesla Car Insurance?
For a person who owns a Tesla electric car or wishes to buy one, one must look into all the possible...
February 4, 2023 -
`
All About The Gorgeous Greek Paradise, Hydra
This bustling island was once home to revolutionaries and is now a favorite destination for jet-setters. Located in the Gulf of Aegina,...
January 23, 2023 -
`
Don’t Believe These Myths In Car Insurance
If you want to find a good car insurance, sometimes, it is not enough to ask your friends and colleagues as...
January 15, 2023 -
`
Best Electric Cars Out There Today!
Current gas costs are exorbitant, and so, it is time to investigate electric vehicles. Despite the fact that the initial expenditure...
January 11, 2023 -
`
Richard Branson’s Superyacht Looks Better Than Any Luxury Mansion You’ve Ever Seen!
Richard Branson is known for a lot of things — his passion for entrepreneurship that first kicked off at the age of...
January 5, 2023 -
`
Conversion Of Old Vintage Cars Into Electric Cars May ‘Replace’ Tesla
If you are a car enthusiast, you must be fascinated by the latest Tesla models. These Elon-owned cars are electric, have...
December 29, 2022 -
`
This Hospitality Company is Offering a Private Jet Experience That Only Few Can Afford
Traveling to different parts of the world can be one of the most life-enriching moments of a person. Sure, you’ll spend...
December 25, 2022 -
`
Do Future Vehicles Need Insurance?
As electric vehicles are becoming more affordable, auto insurers need to encourage safe driving and reward drivers who exercise safety habits. One...
December 25, 2022 -
`
Some Essential Tips To Claim Car Insurance
If you are a car owner, you already know that claiming your car insurance is a hustle in and of itself....
December 19, 2022
You must be logged in to post a comment Login