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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.
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As of right now, major insurance providers State Farm and Progressive are denying coverage of these select Kia and Hyundai models, according to CNN Money.
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0:00. 3:54. Both Progressive and State Farm have halted new insurance policies for select Hyundai and Kia vehicles. The companies said the vehicles are part of an increase in car thefts. At least.
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May 14, 2023 at 9:35am ET. By: Iulian Dnistran. Dozens of insurance companies have filed a lawsuit demanding reimbursement for the costs of repairing or replacing Hyundai and Kia vehicles after a.
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Now, some Kia and Hyundai owners are getting the surprising news that they cannot get insurance coverage on their vehicles. It is an unprecedented move by insurance companies that will have.
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Major insurance companies drop coverage of some Hyundai, Kia vehicles after theft issues Saleen Martin USA TODAY 0:00 2:23 Progressive and State Farm have dropped some older Hyundai and Kia.
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Kia auto insurance costs around $1,459 per year. Compared to other car makes and models, Kias have moderate insurance costs, and Kia insurance costs vary substantially by model. MoneyGeek analyzed insurance premiums for major Kia car models by model year and driver age to help you understand the differences. Enter Your Zip Code Compare Quotes Free.
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The list: 2015-2021 Hyundai Accent. 2015-2021 Hyundai Elantra. 2015-2021 Hyundai Kona. 2015-2021 Hyundai Santa Fe. 2015-2021 Hyundai Tucson. 2015-2021 Hyundai Veloster. 2015-2021 Kia Forte. 2015.
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NEW YORK -- Depending on where they live, owners of certain Hyundai and Kia models may have a hard time insuring their vehicles due to the cars' high incidence of theft.
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Currently insured? Find Insurers It's free, simple and secure. However, Kia insurance rates range from $91 per month to $162 per month depending on the model you drive and the insurance company you choose. Some insurance companies aren't offering new policies for certain Kia models.
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Two major insurance providers, State Farm and Progressive, confirmed that they will no longer write policies for several Kia and Hyundai models. This means if you're looking to insure one of these models, depending on where you live, you won't be able to find coverage with these insurance companies.
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Guides Insurance Services The Challenges of Insuring a Kia or Hyundai in 2023 As several major insurance providers drop some Kia and Hyundai models for being too easy to steal, what should.
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. On This Page How much does it cost to insure a Kia? Methodology In the U.S., the national average car insurance rate is $2,014 per year for a full coverage policy and $622 for minimum.
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Prevention is important. Having your car stolen is disruptive and expensive, assuming you must replace your vehicle or repair it, if it's recovered. But if you own one of the affected Kia or.
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Allstate, Progressive and State Farm all confirmed to NPR that they aren't granting new insurance policies in some states for certain Hyundai and Kia vehicles due to the high risk posed by the.