Insurance companies refusing polices for Hyundai and Kia vehicles in some areas

[dbias]

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

Wow. Have never heard of a case like this.

 

[CarLuver]

so they are lumping the push button ones together with the keyed ones. i have 2 hyundais, both keyless , am its going to be interesting how my insurance company will handle this .

 

[14Accent]

Doesn't surprise me at all. I've repaired over a dozen of these cases over the last year, with most repairs taking 6+ months to complete because there's such a shortage of ignition locks. It's insane.

I hate that those owners are being punished, however insurance by definition is a business of risk vs. profit. Once you identify a risk, you limit your exposure to it.

 

[atikovi]

What if you cancel the comprehensive part of the insurance?

 

[14Accent]

so they are lumping the push button ones together with the keyed ones. i have 2 hyundais, both keyless , am its going to be interesting how my insurance company will handle this .

That part I don't understand. My father owns an '18 Accent Limited with keyless go, absolutely zero way to steal that model.

 

[Hall]

i have 2 hyundais, both keyless , am its going to be interesting how my insurance company will handle this .

At least based on the article, it's on new policies, not existing ones.

 

[dbias]

At least based on the article, it's on new policies, not existing ones.

And currently in Denver and Columbus Ohio

 

[Delta]

That part I don't understand. My father owns an '18 Accent Limited with keyless go, absolutely zero way to steal that model.

Actually thieves are getting pretty sophisticated. Some software with a laptop and a blank fob, they can steal it pretty quick. Most of those stolen vehicles are destined to Africa or South America, not just some joyriding punks doing a Tic-Toc video.... I believe there was (or still is) a pretty rampant ring up in the Toronto or Ontario area where this was happening.

 

[bullwinkle]

It was bound to happen eventually. Measures can be taken to prevent the car from starting, but the thieves will still destroy the column trying!

 

[14Accent]

Actually thieves are getting pretty sophisticated. Some software with a laptop and a blank fob, they can steal it pretty quick. Most of those stolen vehicles are destined to Africa or South America, not just some joyriding punks doing a Tic-Toc video.... I believe there was (or still is) a pretty rampant ring up in the Toronto or Ontario area where this was happening.

You're absolutely right, I shouldn't have said zero way to steal. More along the lines of the chances a street thug is going to target a keyless go vs. a traditional setup are favorable towards the keyless.

 

[Hall]

And currently in Denver and Columbus Ohio

That would require reading the article though

 

[Delta]

And currently in Denver and Columbus Ohio

Wait, people actually live in Ohio? Hmmm...

 

[Lapham3]

It's the same problem with theft of Kia/Hyundai here in the Twin Cities-also cat converters. It just goes on and on. We are generally short of Cops and enforcement and Kia/Hyundai have been generally MIA on this issue-too bad. I have a push button 2020 Elantra that is kept garaged these days. We've been State Farm insured since 1974 and they had best not get cute.

 

[nthach]

Actually thieves are getting pretty sophisticated. Some software with a laptop and a blank fob, they can steal it pretty quick. Most of those stolen vehicles are destined to Africa or South America, not just some joyriding punks doing a Tic-Toc video.... I believe there was (or still is) a pretty rampant ring up in the Toronto or Ontario area where this was happening.

You can buy an Autel or Launch/ThinkCar immo scan tool - and it has a separate break-out box for the key fobs(currently only for Euro cars). While you do need a NASTF/ALOA certification to get the immo codes from the OEMs, the Chinese scan tools don’t need special access to do immo work.

 

[Owen Lucas]

What if you cancel the comprehensive part of the insurance?

I would presume that for liability or collision only they are probably fine since theft is only covered under comprehensive.

 

[Lubener]

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

Wow. Have never heard of a case like this.

Insurance companies ( auto and home) are nothing but crooks and are only happy collecting your premiums and trying to weasle out of paying any claims.

 

[Shel_B]

Insurance companies ( auto and home) are nothing but crooks and are only happy collecting your premiums and trying to weasle out of paying any claims.

That's never been my experience. Claims have been hassle free and quickly paid. For example, I was pleasantly surprised by how quickly my claim was settled when a woman totaled my Buick, and the amount they gave me was a pleasant surprise as well.

 

[bullwinkle]

That's never been my experience. Claims have been hassle free and quickly paid. For example, I was pleasantly surprised by how quickly my claim was settled when a woman totaled my Buick, and the amount they gave me was a pleasant surprise as well.

They're only as good as your adjuster! Lots of people rave about State Farm, but, they screwed me hard when I was more naive & younger and got rear ended by one of their customers...

 

[atikovi]

I would presume that for liability or collision only they are probably fine since theft is only covered under comprehensive.

Yea, that's what I meant.

 

[zzyzzx]

What if you cancel the comprehensive part of the insurance?

I was wondering about that as well, but aren't these vehicles are too new for people to dropping comprehensive?