Even when our models don't apply to this mess?
Insurers Sue Hyundai And Kia Over Costs Of Vehicle Hot-wiring - WorldNewsEra
The widespread theft of vulnerable older Hyundai and Kia models not equipped with a crucial anti-theft device could end up costing the U.S. insurance industryworldnewsera.com
We are all going to be paying for this through increased insurance premiums.
Insurers Sue Hyundai And Kia Over Costs Of Vehicle Hot-wiring - WorldNewsEra
The widespread theft of vulnerable older Hyundai and Kia models not equipped with a crucial anti-theft device could end up costing the U.S. insurance industry
worldnewsera.com
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This is an older article but I haven't heard much since other than Hyundai setting up some deal with AAA to insure cars others will not. Don't believe I've heard anything from Kia regarding that - and of course this is also location, trim, year, vehicle-specific-equipment, insurance company dependent.
Major Insurance Companies Are Refusing to Cover Hyundai and Kias Because They're Stolen Too Much
The two insurance giants are weary of how easily stolen the Korean cars are when equipped with physical keys. All it takes is a USB cable.
www.thedrive.com
I haven't heard if the update rises to the level of restoring eligibility anywhere though and anecdotal thefts post-update haven't given me much confidence.
Hard to say since only like 2% of the effective vehicles have been updated so far and there been mixed results on the update where some still swiped even after the update.This is an older article but I haven't heard much since other than Hyundai setting up some deal with AAA to insure cars others will not. Don't believe I've heard anything from Kia regarding that - and of course this is also location, trim, year, vehicle-specific-equipment, insurance company dependent.
Major Insurance Companies Are Refusing to Cover Hyundai and Kias Because They're Stolen Too Much
The two insurance giants are weary of how easily stolen the Korean cars are when equipped with physical keys. All it takes is a USB cable.
I haven't heard if the update rises to the level of restoring eligibility anywhere though and anecdotal thefts post-update haven't given me much confidence.
flagged as high risk by some companies like Progressive and State Farm, won't write new policies on them. Several reports that people have brought one only to find out there existing policy won't cover them after they try to officially add them to thier policies after the fact.
The fallout will take years to remedy and risks will remain high for some time.
Insurance Companies Sue Hyundai, Kia Over Rash Of Vehicle Thefts
As previously reported, some Hyundai and Kia models sold in the United States until 2021 have not been fitted with an immobilizer, allowing crooks to use a simple USB cable to start the car and drive off.
www.motor1.com
Wow 600 million dollar problem!
"As per the lawsuit, which was filed at the US District Court in Orange County, California in March, replacing windows and repairing steering columns after an attempt to break into a vehicle and hot-wire its ignition often costs an insurer more than $3,000.
The court case adds that if the vehicle was taken on joyrides or used to damage public property, the costs for the insurance company rise to over $10,000, while a total loss can be as much as $20,000."
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