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State Farm, Progressive suspend insurance on some Kia, Hyundai after rampant thefts [Springfield News-Sun, Ohio] – Insurance Newsnet

by
February 1, 2023
Home Advisor Car Insurance Companies
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January 31 — Some of the largest US auto insurers have temporarily stopped accepting new customers who own certain types of Kia and Hyundai vehicles. This is because the vehicle has security flaws that make it more susceptible to theft.

spokesperson for state farm The company said it would not approve new customer applications for certain models and trims in some states for the time being. hyundai Because theft losses increased dramatically.

“This is a serious issue that affects our customers and the auto insurance industry as a whole.

State Farm has a responsibility to manage risk and the impact of excessive claims costs on customers, a spokesperson said, and the company will take action to protect its business and policyholders. said there was a need.

CNN Other news outlets have also reported that Progressive has not approved new policies for Kia and Hyundai owners that authorities have identified as having security flaws.

with Kia hyundai Theft surged in Dayton and some other we In the city after a viral video went viral online showing that certain models with insert keys were easily hijacked and could be booted using a basic USB cable.

Dayton According to police, there were 182 reports of Kia and Hyundai cars being stolen or broken into by thieves trying to steal them in the first eight months or so of 2022, a 658% increase from 2021. bottom.

Overall, vehicle theft Dayton will increase by 83% in 2022. Dayton Thieves stole or attempted to steal 67 cars, police say January 2-8 1 person.

Said insurance fraud is a crime that everyone pays in the end Matthew SmithExecutive Director of the Coalition Against Insurance Fraud.

The costs of these crimes are being passed on to insurance consumers through higher premiums, officials said.

Coalition Against Insurance Fraud, National Insurance Crime Bureau and the International Special Investigative Forces Association recently sent a letter to YouTube asking the company to remove all videos on its platform that show how to steal these vehicles.

Dayton Police urged those who own affected Kiaz and Hyundai to obtain alarms and immobilizers for their vehicles.

Vehicles at high risk of theft have a physical key that is inserted into the ignition and are manufactured from 2011 onwards for Kias and 2015 onwards for Hyundai.

___

(c) 2023 Springfield News-Sun, Ohio

Visit Springfield News-Sun, Ohio at www.springfieldnewssun.com

Distributed by Tribune Content Agency, LLC.





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