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Major Insurance Companies Are Refusing to Cover Hyundai and Kias Because They're Stolen Too Much
The Drive ^ | 1/25/23

Posted on 01/25/2023 5:20:47 AM PST by EBH

If your Hyundai or Kia uses a physical ignition key, it can be stolen with relative ease. As we've reported, a USB cable is all that's necessary to get away with a new car. It's a costly problem for police in cities such as Columbus, Ohio, and Denver. Insurers in these regions and others have now had enough. Insurance giants State Farm and Progressive are now refusing to insure many vehicles sold by the two Korean auto brands in those cities and others now.

In a statement to The Drive, Progressive confirmed that it was no longer issuing new insurance policies to "some" Hyundai and Kia vehicles in certain cities. "Due to the theft risk that some Hyundai and Kia vehicles present, in many cases it makes these vehicles difficult to insure, so in certain areas of the country we have adjusted our acceptance criteria for new business (there is no change for existing customers) on some of these models," the spokesperson said. "We’ll continue to monitor how this issue plays out and are hopeful to be able to revisit our decision as the theft risk diminishes and community awareness improves."

(Excerpt) Read more at msn.com ...


TOPICS:
KEYWORDS: automotive; crime; hyundai; insurance; kia; progressive; statefarm; theft
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To: EBH

If i owned one of these cars i would do like id did with my old Supra.
Park, pop the hood, pull out the ignition fuse.
After a few times it becomes a very quick process and my car never got stolen.


41 posted on 01/25/2023 6:36:54 AM PST by mowowie
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To: woodbutcher1963

A while back I watched a mini-documentary on stolen cars hidden in shipping containers that were headed overseas.


42 posted on 01/25/2023 6:39:30 AM PST by P.O.E. (Pray for America.)
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To: SaveFerris

Yup, 100%


43 posted on 01/25/2023 6:46:41 AM PST by M_Continuum
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To: woodbutcher1963

That’s rough, and all the way to South Africa at that.

I had an H2 for a while. Great truck, and I miss it, even though I learned a lot about what parts of it were great and what weren’t so great. I’d love to get another.


44 posted on 01/25/2023 6:48:50 AM PST by Little Pig
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To: dfwgator

[stolen cars hidden in shipping containers that were headed overseas.]

I said fifty cars! Not forty-nine and a half!


45 posted on 01/25/2023 6:50:06 AM PST by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: GOPJ

That’s too simple.


46 posted on 01/25/2023 6:50:07 AM PST by scottiemom (As a retired Texas public school teacher, I highly recommend private school. Written in 2015.)
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To: Little Pig

This guy got the H2 back when GW Bush gave a tax incentive to buy new commercial trucks over 6000#s.
You could depreciate any vehicle 6000 lbs or more in the first year. It was designed to get businesses to buy new trucks.

However, H2 Hummers, Suburbans, Lincoln Navigators, etc all fell into that weight class too. So a lot of dentists and other small business owners bought them. My friend and his wife owned a hair salon. The H2 was their company car.


47 posted on 01/25/2023 7:03:46 AM PST by woodbutcher1963
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To: GOPJ

[How about mandatory minimum 2 year jail sentences for folks who steal cars?]

Make it 10


48 posted on 01/25/2023 7:09:20 AM PST by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: SaveFerris
Ahhh - those were the days.
(Mine was blue.)

.

Drag racing on Front Street in Philadelphia -
Sometime between the wee hours and sunrise on weekends
the cops would open the fire hydrants to spray across the road
signalling the end of the evening's racing. (This was early-mid 1980s)

.

"Front Street was famous for illegal drag racing from the
1950's to the 1980's.

In it's peak, it wasn't uncommon to have over 100 cars
participating in street racing, while literally having
over 1000 people watching, only to have the Philly
police come in and break it up."

.

(The big-block MOPARS would always win, of course.)

49 posted on 01/25/2023 7:21:33 AM PST by GaltAdonis
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To: GaltAdonis

Much better times - cheap tacos, cheap burgers

Guys were guys, girls were girls.

We had never heard of Manchurian Candidate Barack Hussein Obama

And you could hear the “Rockford Files” theme song on the radio station.


50 posted on 01/25/2023 7:32:08 AM PST by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: Little Pig

The other part of the story was that the Montreal Marriott had a lot attendant until 10pm. It was such a cool vehicle they parked it right up front. There was a tricked out Mercedes parked right next to it. A Porsche next to that.

The H2 also had OnStar. He contacted them immediately. They would not activate the tracking until they had a police report of it being stolen. The local cops said the attendant probably got paid to tip off the thieves. That the Hummer was probably in a container in the port of Montreal within 10 minutes of it being stolen from the hotel lot.


51 posted on 01/25/2023 7:47:45 AM PST by woodbutcher1963
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To: EBH

Put the AI Chat bot on this to see if it has the solution.


52 posted on 01/25/2023 7:52:55 AM PST by SgtHooper (If you remember the 60's, YOU WEREN'T THERE!)
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To: EBH

Yeah. Mines a Rio. I got it as a commute car. Still gets great mileage


53 posted on 01/25/2023 8:15:37 AM PST by Nifster (I see puppy dogs in the clouds )
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To: EBH; 4everontheRight; 4Liberty; 5thGenTexan; 45semi; 101stAirborneVet; 300winmag; Abigail Adams; ...
Rising theft rates among Korean model cars have resulted in several insurance companies no longer writing "new policies"
Theft risk assessment

"Insurance giants State Farm and Progressive are now refusing to insure many vehicles sold by the two Korean auto brands in those cities and others now.
Insurance giants State Farm and Progressive are now refusing to insure many vehicles sold by the two Korean auto brands in those cities and others now."

" In a statement to The Drive, Progressive confirmed that it was no longer issuing new insurance policies
to "some" Hyundai and Kia vehicles in certain cities.
"Due to the theft risk that some Hyundai and Kia vehicles present, in many cases it makes these vehicles difficult to insure, so in certain areas of the country
we have adjusted our acceptance criteria for new business (there is no change for existing customers) on some of these models," the spokesperson said.
"We’ll continue to monitor how this issue plays out and are hopeful to be able to revisit our decision as the theft risk diminishes and community awareness improves."

54 posted on 01/25/2023 8:23:33 AM PST by Tilted Irish Kilt
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To: woodbutcher1963

I watched a kid saw through the steering wheel with a hacksaw and remove the club in under 30 seconds.


55 posted on 01/25/2023 8:27:08 AM PST by Dutch Boy (The only thing worse than having something taken from you is to have it returned broken. )
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To: SaveFerris

Ten works for me.


56 posted on 01/25/2023 8:44:06 AM PST by GOPJ ( https://www.youtube.com/watch?v=muw22wTePqQ Gumballs: Immigrants by the numbers.)
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To: GOPJ

Excellent

My cars are very important to me

For many people, a stolen car could destroy them. Off to prison for these thieves.


57 posted on 01/25/2023 8:50:36 AM PST by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: Nifster

I got mine for a work car as I drive a lot...gas mileage is a definite plus.


58 posted on 01/25/2023 8:55:49 AM PST by EBH
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To: EBH

The way to fix this is give Black people more money.


59 posted on 01/25/2023 9:23:25 AM PST by blam
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To: Yo-Yo

I know that. you know that..

The idiot that tried to steal it?

not so much.


60 posted on 01/25/2023 9:55:19 AM PST by cableguymn
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