Hyundai and Kia thefts are still happening. What started as a stupid social media stunt has exploded into a full-blown theft epidemic. The Korean automaker has did little to help apart from thatÂ terrible rollout from a anti-theft system from Hyundai andÂ threats from Class Actions did not light a fire to fix the problem. Well, even if people still want In order to buy the cars, they cannot insure them despite the above.Â The St. Louis Dispatch reported that residents in the Missouri metropolitan area are finding that if they own a Hyundai or Kia, major insurance companies will not cover them, and existing policyholders are faced with rising premiums.
Hyundai and Kia thefts in the St. Louis area have exploded since 2022. In the city itself, thefts increased from 273 to 3,958 –an improvement of 1,450 percent. St. Louis County thefts aren’t far from rising from 140 to 1,621…a Increase of 1,157 percent. Of course, meinsurance company have taken note of. Residents who own Hyundais and Kias and are trying to get a quote online are met with rejection messages. And it’s not from some little potato insurance company, either. No, nNational companies like State Farm and Progressive are the ones deny cover. From shipping:
Progressive will automatically issue a refusal message: Due to the make and model of the vehicle and the high theft rates in the area, the company cannot offer a policy.
A spokesman for Progressive said The shipping that owners in any other part of the country with high theft rates would receive the same rejection message.
Owners who already have coverage for Kias and Hyundais are facing a rapid increase insurance premiums. A resident who owns a 2016 Kia Soul found that his American Family Insurance premium was $150 more for six months than it was when she bshould it be new. This leaves owners in a bind they can’t get out of: being stuck with their existing insurance at high premiumsbut can’t switch insurers because most other companies will refuse them.
Another owner who drives a 2020 Hyundai Elantra saw his premium increase by $200 even though his car is keyless ignition.
Maplewood resident Jay Zunich said the six-month Geico premium for his 2020 Hyundai Elantra increased by about $200 when he renewed the policy in December — from about $600 to $800.
“My first thought is, ‘Holy cow, that’s rude,'” he told the Post-Dispatch. â€žSo I start poking around.â€œ
He, too, was turned down by Progressive. Other companies have quoted him prices of up to $350 a month for his car, even though his Elantra is a push starter and cannot be stolen like key starter models.
Although the Missouri Department of Consumer Affairs Insurance is aware of the situation, the department has not action against the companies. “Our department is monitoring the situation and working diligently to ensure that business decisions comply with Missouri’s insurance laws and regulations,” a department spokesman said.
Although I’m sureIt’s frustrating for these owners, the sad part is that’s what the insurance companies are doingt illegal because of the risk of thefts, which are again insanely high in the area. Each state has different reasons why a company may deny coverage. But if the reason is not soThese companies are not prohibited by laws may refuse coverage any reason, including thefts beyond the control of the owner.