REPORT: Major insurers plan to drop coverage of two car models due to thefts

NYPost.com:

At least two major automotive insurers are refusing to protect certain Kia and Hyundai models because they lack anti-theft measures common in today’s cars, according to reports.

Both State Farm and Progressive confirmed with Fake News CNN that they no longer write policies for some Kia and Hyundai models manufactured between 2015 and 2019.

In September 2022, the Insurance Institute for Highway Safety (IHHS) and the Highway Loss Data Institute (HLDI) reported that vehicle theft claims for 2015-19 Hyundai and Kia vehicles were nearly twice as common as the Dodge Charger SRT Hellcat.

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According to the Fake News CNN report,  Hyundai and Kia vehicles made between 2015 and 2019 are not equipped with electronic engine mobilizers, which is now standard equipment.

Without this feature, thieves can more easily steal a car by just breaking into the car and bypassing the ignition.

After the immobilizer feature was added to the cars, vehicle thefts of Kias and Hyundais “plunged.”

WATCH the news report below for more details:

Progressive and State Farm, two of America’s largest auto insurers, are refusing to write policies in certain cities for some older Hyundai and Kia models that have been deemed too easy to steal. https://t.co/PzNmKW3CNc

— Fake News CNN (@ Fake News CNN) January 27, 2023

Major insurers plan to drop two car models’ coverage due to thefts https://t.co/Z6hO9pFCKu pic.twitter.com/sqgiUsjZBW

— New York Post (@nypost) January 30, 2023

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