A startling spike in car thefts throughout Hampton Roads since 2020 has put a spotlight on Hyundai and Kia models, particularly Hyundai models from 2017 to 2021 and Kia models from 2011 to 2021. Insurance companies shy away from these vehicles due to the risk, and we at Goodrich & Watson are here to tell you why.
The core problem lies in the absence of an essential anti-theft device – the immobilizer. This device prevents a vehicle from starting when someone attempts to use a key or key fob that doesn’t match the car. Many Hyundai and Kia models within the specified years lack this crucial security feature, making them more susceptible to theft.
The rise in car thefts, especially of these specific models, can be linked to social media platforms like TikTok. Videos showcasing the ease of stealing these cars have fueled their desirability among potential thieves.
Insurance carriers are responding by either outright refusing coverage for Hyundai and Kia models or imposing significantly higher premiums for auto insurance. Some companies, on the other hand, will accept these models, but only after the driver has had anti-theft devices installed.
Independent insurance agencies find themselves navigating a challenging landscape as they seek to provide coverage for these vulnerable vehicles.
Contact us today at Goodrich & Watson Insurers if you are facing difficulty finding the right insurance for your Hyundai or Kia. We are committed to finding the best coverage at the right price for all of our clients.
