Some Insurance Companies in St. Louis Refusing to Cover Kias and Hyundais Because of Theft
[PJ] Major insurance companies like Progressive and State Farm are denying coverage to many new Kia and Hyundai owners due to considerable increases in theft.
The massive jump in thefts — from 273 to 3,958 in St. Louis, representing an increase of 1,450% — is being blamed on a TikTok video showing exactly how to break into and drive off in many 2011-21 models of the South Korean-made vehicles using just a screwdriver and a USB charging cable.
And current Kia and Hyundai owners are seeing huge increases in their renewal premiums.
Posted by: Besoeker 2023-01-28 |