Some auto insurers are refusing to cover certain Hyundai and Kia models Peter Valdes-Dapena By Peter

[marindependent]

Are Agents on this forum seeing this?

Some auto insurers are refusing to cover certain Hyundai and Kia models

By Peter Valdes-Dapena, CNN Business
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.
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CNN Article

 

[Al3x Lee]

That's crazy! I'd love to see the statistics on how many are stolen in those cities

 

[Allen Trent]

That's crazy! I'd love to see the statistics on how many are stolen in those cities

In my mid size city of Grand Rapids, it was 700 stolen in 6 month period( as of November.) That is 5-7 every single day. That has to be $10-$20M in losses alone if totalled out

Can't imagine how many in the bigger cities. [EXTERNAL LINK] - Nearly 700 stolen and attempted stolen Kia & Hyundai cars in GR | wzzm13.com

 

[VINSON]

YUP! Progressive will not insure a Kia Sorento under any circumstances right now. Even an existing policy that is attempting a re-write gets denied.

 

[Allen Trent]

YUP! Progressive will not insure a Kia Sorento under any circumstances right now. Even an existing policy that is attempting a re-write gets denied.

as someone that participates in the insurance sharing by paying premiums, I support carriers not insuring things with excessively high relative risk if it helps keep losses/premiums down

 

[Al3x Lee]

as someone that participates in the insurance sharing by paying premiums, I support carriers not insuring things with excessively high relative risk if it helps keep losses/premiums down

Greedy capitalist pig

 

[WinoBlues]

Reward v Consequences

Not the car's fault.

 

[Markthebroker]

Serves people right for buying Hyundai and Kia's. Wait, did I say that out loud?

 

[Al3x Lee]

Serves people right for buying Hyundai and Kia's. Wait, did I say that out loud?

If Hyundai releases the Delorean 2.0... I mean N Vision 74, I am buying one whether I can insure it or not

 

[Markthebroker]

If Hyundai releases the Delorean 2.0... I mean N Vision 74, I am buying one whether I can insure it or not

View attachment 10072 View attachment 10073

If my facebook (Meta) stock keeps going up the way it has, I might buy one too.