This is Why Insurance Won’t Cover These Two Cars: They Are Often Stolen. In America, hundreds of Kias or Hyundais were stolen over the last month. This has caused major insurance companies in America to discontinue coverage on the vehicles because it is too easy for thieves to do so.
As part of the social media trend known as “keyless car thefts,” thieves with names such as “Kia Boyz” have targeted Kia and Hyundai vehicles manufactured between 2011-2019.
Progressive and State Farm, two of the largest insurance companies in America refuse to cover these vehicles in certain cities that are susceptible to theft. rampant Like Denver and St. Louis. CNN.
CNN was informed by the insurer that State Farm had temporarily stopped accepting new business from certain states in order to stop writing auto insurance for specific model years or trim levels for Hyundai and Kia cars. This is because of increased theft losses. “This serious problem affects both our customers and all of the auto insurance industries.”
The Highway Loss Data Institute According to some Hyundai and Kia models, stolen cars are twice as common as those of similar age. They are so easy for thieves to take. Most lack anti theft technology. This was the standard for 96% of all other cars in that time period.
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Social media to blame
The thefts of cars are increasing after social media videos showed how you can start them without using a key.
They bypass the ignition cylinders and can start the vehicle without any problems. Video footage is taken by robbers of thieves stealing cars within seconds.
Hyundai and Kia Respond
Since then, Kia and Hyundai added anti-theft features to their latest vehicles. Hyundai has a solution for those who have older models. Kit for security To keep thieves away, customers may install it themselves. This kit is available at Hyundai dealerships or authorized installers. Hyundai also offers a free software upgrade that will help to reduce theft starting next month.
Police are collaborating with both companies to provide free steering wheel locks for vehicle owners. Ask your local dealer.