Kia and Hyundai insurance rates spike as thefts escalate

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Kia and Hyundai insurance rates spike as thefts escalate
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Insurance companies are raising rates or dropping coverage altogether for the cars that are at a high risk of being stolen

The cars aren’t equipped with engine immobilizers and don’t require a key or key fob to start the engine. Overand 4.5 million Kia vehicles from model years 2011 to 2022 share this security flaw, according to the National Highway Traffic Safety Administration.

“Give a call to a local insurance agent. Check it out, get some quotes and see if you could do better,” Friedlander said. “If you have one of these vehicles, and you are concerned about getting coverage, our recommendation is talk to your local insurance agent, get a few quotes, because there are companies still willing to write these at-risk vehicles.”

Leslie Blanchett says she has a Kia K5 and a Kia Tellurides. She writes, “Two years ago when we added the Telluride, our six month payment was just under $1000. It just renewed for just under $2100! No claims or tickets.”

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