Hyundai & Kia – How Vehicle Thefts Are Affecting Insurance
As vehicle theft numbers rise around the country, older model Kia and Hyundai vehicles are getting hit the most. If you’re an owner of some of these vehicles, easy theft may not be your only problem!
The Hot Scoop
It’s estimated by manufactures that older Kia/Hyundai vehicles from 2011 -2021 left the factories without a key anti-theft feature, leaving thousands of cars vulnerable theft and loss. Thieves have discovered this weakness and have spread the word though social media to the masses! This new trend is now making auto insurance more expensive in some areas of the country.
The rise of stolen Kias and Hyundais started in Milwaukee with a well know car-theft group known as the “Kia Boys.” They primarily target Kias and Hyundai’s for their theft. The group learned how to easily steal the cars using only a screwdriver and USB charging cord from how-to videos online. The issue began impacting other cities, including Indianapolis as of late. While the highest numbers of thefts are being reported near the East Coast, authorities are warning vehicle owners to be extra vigilant.
Is My Vehicle Safe from Theft?
Prevention is key! Here’s a few tips:
Install a steering wheel locking device
Lock all windows and doors
Never leaving the car idling alone
Install quality surveillance cameras to watch over your parked car
Contact your local dealership on any updated strategies to keep your car safe
NHTSA urges owners of these vehicles to contact Hyundai (toll-free at 800-633-5151) or Kia (toll-free at 800-333-4542) for information on the free update.
Will This Impact My Insurance?
Insurance customers have made reports of their insurance providers increasing their rates at renewal if they owned a particular make and model that were impacted. While others have reported being denied a new insurance quote while they’re at the dealership trying to buy the car! We’ve also seen some insurance companies willing to give coverage to drivers, but for an increased rate and not offering additional coverages like comprehensive or Collison.
Do I have Any Options?
While some insurance companies still consider the higher thefts dangerous and overall, costly to insure. Other companies are satisfied with the steps Kia and Hyundai have taken to resolve the problem. It’s always worthwhile to speak with your insurance company and request an update.
There are dozens of national insurance companies and even more local one’s for you to shop around for a company that will help!
This is situation where international car manufacturers and U.S. Insurance companies are not speaking the same language. Now it’s costing the customers more than anyone else. This won’t last forever, but it’s worth taking action if you’re struggling to get the right insurance coverage for your vehicle right now.
While fixes are in the works, Kia and Hyundai vehicles are still being stolen in larger numbers.
If you own a specified vehicle year or model, be sure to take extra precautions to keep your vehicle safe when parked.
Stay up to date on the manufacturer’s security recommendations!
It’s important to have an insurance advisor to be able to ask these types of questions. If you’re looking for a fresh and engaging insurance experience, visit the group at Northtown Insurance for all your insurance questions and needs!
This is a general overview with the intention of bringing awareness to coverages, options and industry changes. Coverage varies between carrier and states. Check your policy for specifics.