Hyundai and Kia Models Are Blacklisted By Insurance Companies Over Thefts
Fort Lauderdale, FL. - In recent months, several major car insurance companies, including State Farm and Progressive, have made the decision to drop coverage for certain Hyundai and Kia vehicles due to a significant increase in theft losses. This move has left many vehicle owners, particularly those with key-start models, scrambling to find new insurance options.
Which Models Are Being Dropped The specific models being dropped by insurance companies vary, but they primarily include:
Hyundai Elantra (2011-2021)
Hyundai Sonata (2011-2021)
Kia Optima (2011-2020)
Kia Sorento (2011-2020)
Kia Sportage (2011-2020)
These models are all equipped with key start systems rather than push-to-start technology, which is more secure.
The Theft Epidemic The surge in thefts of Hyundai and Kia vehicles can be traced back to a vulnerability in models manufactured between 2015 and 2021. These vehicles lack engine immobilizers, a standard anti-theft feature in most modern cars. This omission has made them easy targets for thieves, who can start the cars using simple tools like a flathead screwdriver and a USB cable. The problem became so widespread that it even sparked a social media trend, further exacerbating the issue.
Insurance Companies' Response In response to the skyrocketing theft rates, State Farm and Progressive have stopped accepting new customer applications for certain Hyundai and Kia models in various states. This decision is part of an effort to manage risk and mitigate the impact of excessive claim costs on their customers. While existing policies remain unaffected, new policies for the affected models are no longer being issued.
The root cause of this drastic measure is the alarming rise in thefts of Hyundai and Kia vehicles, which has been attributed to a combination of factors. These include a viral social media trend known as the "Kia Challenge," which exposed a vulnerability in certain models' ignition systems, making them easier targets for thieves. The absence of engine immobilizers, a standard anti-theft feature in most modern cars, in many of the affected models has further exacerbated the problem.
Impact on Vehicle Owners For Hyundai and Kia owners in Florida, this development has created a challenging situation. If your insurance company decides to drop coverage for your vehicle model, it's essential to take immediate action to ensure you remain compliant with state insurance requirements.
The situation is particularly dire for those who rely on their vehicles for daily commutes, work-related activities, or other essential needs. Losing insurance coverage could potentially lead to financial hardship, legal complications, and a significant disruption to their lives.
Steps to Take if Your Insurance is Dropped Contact Your Insurance Company: Contact your current insurer to confirm the status of your policy and understand the reasons for the non-renewal or cancellation.
Shop for New Insurance: Begin shopping for a new insurance provider as soon as possible. Compare quotes from multiple companies to find the best coverage options for your vehicle.
Consider Anti-Theft Upgrades: If your vehicle is an affected model, consider installing aftermarket anti-theft devices or upgrading the vehicle's security system. This may make your car more attractive to insurers and potentially lower your premiums.
Consult the Florida Department of Highway Safety and Motor Vehicles (FLHSMV): If you receive a notice of suspension or cancellation, follow the instructions provided by the FLHSMV to maintain your vehicle's registration and avoid penalties.
Explore Legal Options: If you believe the cancellation is unjust or discriminatory, you may be able to appeal the decision or seek legal advice.
Going Forward The issue of insurance companies dropping coverage for certain Hyundai and Kia models is not limited to Florida but has become a nationwide concern. As the theft rates continue to soar, other states may soon follow suit, leaving countless vehicle owners grappling with the consequences. This has prompted calls for manufacturers to take proactive measures, such as retrofitting older models with engine immobilizers, to mitigate the risk of theft and protect their customers.
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