Denver-Area Hyundai And Kia Owners Struggle With Insurance Woes As Thefts Climb

Owners of some of the most-stolen vehicle makes in Denver are facing more problems after at least one major insurance company says the risk is too high to insure them.

Progressive Insurance said it has restricted offering coverage on new policies in the Denver area on certain models of the Korean automakers Hyundai and Kia because of the alarming rate by which these vehicles are getting stolen in the Denver area.

Customers looking to receive a quote on the company’s website receive a message stating: ‘Based on the vehicle information provided, we are unable to offer you a policy at this time.’

A Denver insurance agent told Denver7 that Progressive Insurance has placed restrictions on certain Hyundai/Kia models due to their high theft rates in the city, where they are among the most-stolen vehicles.

A spokesperson for Progressive Insurance told Denver7 the risk to insure these vehicle is just too high at this time.