State Farm and Progressively are reportedly not writing new insurance policies for some models and years of Kia and Hyundai vehicles because of a rise in thefts.
"Car theft spiked during the pandemic," HLDI Senior Vice President Matt Moore said in the report. "These numbers tell us that some vehicles may be targeted because they’re fast or worth a lot of money, and others because they’re easy to steal."being stolen lack electronic mobilizers that can hinder a thief’s ability to steal a car from just breaking into the car and bypassing the ignition.
The report also notes that immobilizers were standard in 26 percent of Kia and Hyundai vehicle models in 2015, but standard in 96 percent of all other manufacturers.State Farm and Progressive did not immediately respond to inquiries seeking additional information about the claims.
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