Hyundai car models california9/28/2023 ![]() The thefts are mainly among Kia cars newer than 2011 and Hyundai cars newer than 2015. Police think the rise in thefts among Hyundais and Kias is in part due to a social media trend where users demonstrate how to start the cars without using keys. The problem with these vehicles is they're pretty easy to steal and thefts have been on the rise among both car manufacturers. Hyundai: Hyundai releases anti-theft software upgrade for 4 million cars after insurers drop some models What's wrong with the vehicles? Insurance: Car prices may fall this year, but auto insurance will cost more. "We’ll continue to monitor how this issue plays out, and if we see a change in theft rates to more typical levels, we’ll adjust our pricing and acceptance criteria accordingly," the statement read. Progressive will continue to insure existing customers who have these vehicles but has notified them of the "elevated risk." The company has also given policyholders tips to secure their vehicles. The company called the theft increases "explosive" and said its policies are based on the level of risk they represent, so insuring the vehicles is "extremely challenging." Progressive has seen a rise in theft rates for certain Hyundai and Kia vehicles, the company said in an emailed statement. In some areas, the vehicles are almost 20 times more likely to be stolen than other vehicles. How is Progressive handling Kia and Hyundai vehicles? State Farm's halt on Hyundais and Kias is part of its plan to protect both the business and its policyholders, the company said. The company said it is responsible for managing risk and the impact of excess claim costs for its customers. The company said theft losses for the cars have dramatically increased and called it a "serious problem impacting our customers and the entire auto insurance industry." State Farm has temporarily stopped accepting new customer applications in some states for select model years and trim levels of Hyundai and Kia vehicles, the company said in a statement to USA TODAY. Here's what we know so far: Why is State Farm ceasing to insure some Kia and Hyundai vehicles? Progressive and State Farm will no longer issue insurance policies for select Hyundai and Kia vehicles due to a rise in thefts among the vehicles, the insurers confirmed this week.īut what about other insurers? And what will happen to car owners who have these vehicles but are already insured? At least one insurance company, State Farm, said the change is temporary.The companies said the vehicles are part of an increase in car thefts.Both Progressive and State Farm have halted new insurance policies for select Hyundai and Kia vehicles.
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