The auto theft circumstances surrounding Hyundai and Kia vehicles have turn into so extreme, that even the National Insurance Crime Bureau just lately turned to petitioning YouTube to take down video tutorials displaying how simple it’s to interrupt into the vehicles.
With the theft circumstances nonetheless on the rise, each Progressive and State Farm have begun refusing insurance coverage protection for Hyundai and Kia vehicles – significantly in cities the place the issue is at its worst, equivalent to Columbus, OH and Denver, CO. Driving information web site The Drive reported that a number of information shops in these cities have independently confirmed that Kia and Hyundai homeowners have been denied protection – even when their autos should not have bodily ignition keys.
A spokesperson for Progressive confirmed in a press release to The Drive that it was now not issuing new insurance coverage insurance policies to “some” Hyundai and Kia autos.
“Due to the theft threat that some Hyundai and Kia autos current, in lots of circumstances it makes these autos tough to insure, so in sure areas of the nation now we have adjusted our acceptance standards for brand spanking new enterprise (there isn’t a change for present prospects) on a few of these fashions,” the consultant stated. “We’ll proceed to observe how this problem performs out and are hopeful to have the ability to revisit our choice because the theft threat diminishes and group consciousness improves.”
The Drive additionally reached out to State Farm for a press release, and the insurer pointed the information web site to crime and insurance coverage fee assets – it has been assumed that the insurer needed the driving portal to conclude that some Hyundai and Kia vehicles are uninsurable.
Both Hyundai and Kia have been additionally reached out for remark, and the 2 despatched comparable statements saying that they “regretted” the choice made by the 2 insurers.
Are State Farm and Progressive justified in denying insurance coverage protection for Hyundai and Kia vehicles? Let us know your ideas within the remark part under.