Aspen Claims Service

Two Major Insurers Refusing To Cover Several Hyundai, Kia Models

 Friday, January 27, 2023


Progressive and State Farm, two of America’s largest auto insurers, are refusing to write policies in certain cities for some older Hyundai and Kia models that have been deemed too easy to steal, according to the companies.

Several reports say the companies have stopped offering insurance on these vehicles in cities that include Denver, Colorado and St. Louis, Missouri.

The insurance companies did not tell CNN which cities or states were involved.

The Highway Loss Data Institute released insurance claims data last September that confirmed what various social media accounts had been saying: Some 2015 through 2019 Hyundai and Kia models are roughly twice as likely to be stolen as other vehicles of similar age, because many of them lack some of the basic auto theft prevention technology included in most other vehicles in those years, according to the HLDI.

3 Key Steps To Next-Generation Analytics

 Tuesday, January 10, 2023

 Insurance Thought Leadership

TikTok Challenge Sparks Car Thefts and Class-action Against Kia, Hyundai

 Friday, September 2, 2022

 Iowa Capital Dispatch

Automakers Recall 485K Kia, Hyundai Vehicles Due To Fire Risk

 Wednesday, February 9, 2022

 NBC News

Insurers Promise To Cover Coronavirus Tests, Relax Coverage Policies

 Friday, March 6, 2020

5 Hyundai, Kia Models Have High Fire Insurance Claim Rates

 Wednesday, January 23, 2019


Insurers Should Improve Catastrophe Models: BOE

 Thursday, December 7, 2017