The number of car thieves is on the rise due to an alleged trend on social media
02:44
– Source:
CNN
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 were deemed too easy to steal, according to the companies.
Some reports say the companies have stopped offering insurance on these vehicles in cities including Denver, Colorado and St. Louis, Missouri. The insurance companies did not tell CNN which cities or states were involved.
The Highway Loss Data Institute released insurance claims data last September that confirmed what various social media accounts had been saying: Some 2015 through 2019 Hyundai and Kia models are about twice as likely to be stolen than other vehicles of the same age, due to the lack of many of them. some of the basic automatic theft prevention technology included in most other vehicles in those years, according to the HLDI.
Specifically, these SUVs and cars do not have electronic motors, which rely on a computer chip in the car and another in the key that communicates to confirm that the key actually belongs to that vehicle. Without the right key, an immobilizer should do just that – stop the car from moving.
Immobilizers were standard equipment on 96% of vehicles sold for the 2015-2019 model years, according to the HLDI, but only 26% of Hyundais and Kias had them at that time. Vehicles with push-button systems have immobilizers, rather than relying on metal keys that must be inserted and turned, but not all models with turn-key ignitions do.
The theft of these vehicles became a trend on social media in 2021, according to HLDI, when car thieves started posting videos of their thefts and thieves and even videos explaining how to steal the cars. In Wisconsin, where the crimes first emerged, claims for stolen Hyundais and Kias increased 30 times 2019 levels in dollar terms.
“State Farm has temporarily stopped writing new business in some states for certain model years and trim levels of Hyundai and Kia vehicles because theft losses on these vehicles have increased significantly,” the insurer said. in a statement provided to CNN. “This is a serious problem that affects our customers and the entire auto insurance industry.”
Progressive is also cutting back on insuring these cars in certain markets, spokesman Jeff Sibel said in an emailed statement.
“Over the past year we have seen theft rates for certain Hyundai and Kia vehicles more than triple and in some markets these vehicles are nearly 20 times more likely to be stolen than others,” he wrote. “Since we price our policies based on the level of risk they represent, this explosive increase in thefts of these vehicles makes it extremely challenging for us to insure. In response, in certain geographic areas we increased our rates and limited our sales of new insurance policies on some of these models.”
Progressive continues to insure those who already have policies with the company, he said. Progressive is also advising them on how to protect their vehicles from theft.
Michael Barry, a spokesman for the Insurance Information Institute, said it was very unusual for car insurers to simply stop writing new policies on a particular make or model of vehicle.
“They generally want to expand their market share depending on where they’re doing business,” he said.
What does Kia stand for?
Contents
- 1 What does Kia stand for?
- 2 Is Kia better than Hyundai?
- 3 Is Hyundai and Kia same company?
- 4 Is Kia the luxury brand of Hyundai?
Hyundai and Kia operate as separate companies in the United States, but Hyundai Motor Group has a large stake in Kia and various Hyundai and Kia models share much of their engineering. Read also : These 5 Cities Have Amazingly Cheap Car Insurance Rates.
Why was the Kia Soul named that?
Engine immobilizers are now standard on all Kia vehicles, according to a statement from the automaker and the company says it is developing and testing security software for vehicles not originally equipped with immobilizers. On the same subject : Many Michigan drivers drop unlimited no-fault insurance – but rates slow down. Kia said it has begun notifying owners of the availability of this software, which is being made available free of charge.
Does Kia stand for anything?
Hyundai said it is providing free steering wheel locks to several police departments across the country to help local residents get easily stolen Hyundai models. Hyundai dealers are installing free security kits for the vehicles, the company said.
Is Kia discontinuing the Soul?
Which company owns Kia? Kia Corporation was founded in May 1944 and is the oldest motor vehicle manufacturer in Korea. From humble origins making bicycles and motorcycles, Kia – part of the dynamic, global Hyundai-Kia Automotive Group – has grown to become the fifth largest vehicle manufacturer in the world.
What does Kia mean in Korean?
The most self-explanatory name on the list, the Soul named after the term for the inner life of the human spirit, as well as the exciting cultural and historical connotations that go with it.
What does the Kia stand for in the Korean car?
A : The word Kia has its origins in the Chinese language and the first syllable Ki means to quit. This may interest you : Are men better drivers?. The second part of the word, a, refers to Asia.
Is a Kia better than a Hyundai?
Kia has updated the Soul for 2023 with new front and rear designs. The Turbo model and the X-Line trim level have been dropped from the line. The 2023 Soul will arrive at dealerships in late summer.
What does the Kia symbol represent?
According to the company, the name “Kia” comes from the Sino-Korean characters èµ· (ki, ‘to raise’) and äº (a, which stands for äºç´°äº, meaning ‘Asia’); It roughly translates as “East Asian Rising.”
Is Kia made by Hyundai?
It was the first company to produce an indigenous bicycle in Korea. The company changed its name in 1952 to Kia Industries. What does Kia stand for? It stands for KI or âTo Rise Fromâ and A or Asia. In other words, it stands for rising from Asia.
What is Kia full name?
So, the verdict is in “while Kia and Hyundai offer similar vehicles, Kia models offer better value and better quality, with bolder styling and a more dynamic driving experience. Simply put, Kia vehicles are better vehicles, no matter what you value most in your car.
Is Kia German or Japanese?
Kia’s new logo, slogan, and strategic actions are explained below. The new logo stands for ‘Symmetry’, ‘Rythm’, and ‘Rising’ and embodies Kia’s determination to lead change and innovation based on these. ‘Balance’, the first spirit of the new logo, refers to Kia’s confidence in customer satisfaction and experience.
What is Kia short for?
And while Hyundai is not the parent company of Kia Motors, Hyundai does have some ownership of Kia. Kia and Hyundai are headquartered in South Korea. So are Kia and Hyundai the same company? No, but Hyundai owns 33.8% of Kia Motors.
What does Kia mean in Korea?
Kia Corporation, commonly known as Kia (Korean: 기ì; Hanja: èµ·äº; RR: Gia; MR: Kia, IPA: [ki.a]; formerly known as Kyungsung Precision Industry and Kia Motors Corporation this). ), is a South Korean multinational automobile manufacturer headquartered in Seoul, South Korea.
Is Kia better than Hyundai?
Kia Europe (KME) is the European sales, marketing and service division of Kia Corporation (KMC), based in Seoul, South Korea.
killed in action. plural KIA’s, KIAs. a member of the military services who was killed in action.
Is Hyundai more luxury than Kia?
Kyungsung Precision Industry adopted the ambitious name ‘Kia’ from Chinese-Korean characters. Ki âèµ·â means “rising, standing or awakening” and A âäºâ refers to Asia. Thus, in Korean, the name Kia means âto rise out of Asia.â Early Kia logos depict a geometric K with a curved wave across the top.
What is the luxury version of Kia?
| So, the verdict is in “while Kia and Hyundai offer similar vehicles, Kia models offer better value and better quality, with bolder styling and a more dynamic driving experience. Simply put, Kia vehicles are better vehicles, no matter what you value most in your car. | |
|---|---|
| Is Kia or Hyundai more reliable? Hyundai reliability ratings from J.D Power show a clear winner: Kia. In fact, Kia topped all other automakers in 2022 with a score of 145 PP100 (Problems per 100 Vehicles). Hyundai rounds out the top three with a 148 PP100 score. | What is the difference between Kia and Hyundai? Kia designs its vehicles with a sporty aesthetic, while Hyundai offers a more luxurious and refined design. Reaching a wider target market with a slightly more diverse selection of vehicles, Kia’s lineup includes a minivan, the Sedona. |
| Kia K9 | Also called |
| Kia K900 (United States and Canada) Kia Quoris | |
| Production | 2012 present |
Is Hyundai considered a luxury car?
Body and mind
Is Kia a fancy Hyundai?
Class
Is Kia the luxury brand of Hyundai?
Full-size luxury car (F)
What is the luxury brand of Hyundai?
The Hyundai brand does not include luxury vehicles, but its luxury division, Genesis, stands up very well next to Lexus. Lexus, Toyota’s luxury and performance division, is known for making reliable and high quality luxury cars.
Is Kia a fancy Hyundai?
In terms of style, Hyundai focuses more on luxury and refinement with higher quality materials while Kia focuses more on sportiness and a lower price point. With more longevity, quality, comfort and value, Hyundai is the manufacturer of choice.
What is Kia luxury brand?
No, but Kia and Hyundai are related! Kia filed for bankruptcy in 1997 after becoming their own independent entity. Hyundai Motor Group decided to buy the car company in 1998 to keep it afloat. Kia and Hyundai Motor Group operate independently, but Hyundai is the parent company of Kia Motors.
Is Hyundai and Kia same company?
As a testament to our passion for reliability, Genesis stands at the highest level of distinction, being named the #1 Luxury Brand for Long-Term Dependability* by J.D. Power.
In terms of style, Hyundai focuses more on luxury and refinement with higher quality materials while Kia focuses more on sportiness and a lower price point. With more longevity, quality, comfort and value, Hyundai is the manufacturer of choice.
How much of Kia does Hyundai own?
“We like to think of it – and what we’ve also heard from our leaders – that Genesis is the prestige brand for the group.
Are Hyundai and Kia owned by the same corporation?
And while Hyundai is not the parent company of Kia Motors, Hyundai does have some ownership of Kia. Kia and Hyundai are headquartered in South Korea. So are Kia and Hyundai the same company? No, but Hyundai owns 33.8% of Kia Motors.
Are Hyundai and Kia engines the same?
Who owns Hyundai?
Is Kia higher end than Hyundai?
History. The group was formed by the purchase of 51% of Kia by Hyundai Motor Company in 1998.
Is Kia the luxury brand of Hyundai?
Although this is not the case, there is a close relationship between the two brands. In 1998, Hyundai bought out Kia with a 51% stake in the company. Now, that share is down to about a third, and the two companies are considered sisters. As a result of their close relationship, Hyundai and Kia often share vehicle platforms.
Kia is an affiliate of the Hyundai Motor Company and therefore uses Hyundai engines. Hyundai engines are manufactured in Korea and China and later placed in Kia models worldwide.
Is Kia or Hyundai more luxury?
They both offer high quality vehicles with a variety of options to choose from. Kia models often focus on performance, while Hyundai models prioritize comfort. Kia’s designs are often bolder, while Hyundai’s are sharper. The price range for both brands is about the same.
Does Kia have a luxury brand?
No, but Kia and Hyundai are related! Kia filed for bankruptcy in 1997 after becoming their own independent entity. Hyundai Motor Group decided to buy the car company in 1998 to keep it afloat. Kia and Hyundai Motor Group operate independently, but Hyundai is the parent company of Kia Motors.
Is Kia a fancy Hyundai?
What is Kia’s luxury brand? “We like to think of it – and what we’ve also heard from our leaders – that Genesis is the prestige brand for the group.
What is the luxury version of Hyundai?
What is the difference between Kia and Hyundai? Kia designs its vehicles with a sporty aesthetic, while Hyundai offers a more luxurious and refined design. Reaching a wider target market with a slightly more diverse selection of vehicles, Kia’s lineup includes a minivan, the Sedona.
Is Kia a fancy Hyundai?
Genesis, Hyundai-Kia’s posh brand, has given more details about its European and British launch. It starts with a £35,000-ish luxury saloon, the G80, and an even bigger £50k SUV, the GV80.
Is Kia as good as Hyundai?
In terms of style, Hyundai focuses more on luxury and refinement with higher quality materials while Kia focuses more on sportiness and a lower price point. With more longevity, quality, comfort and value, Hyundai is the manufacturer of choice.
Which is the luxury car of Hyundai?
As a testament to our passion for reliability, Genesis stands at the highest level of distinction, being named the #1 Luxury Brand for Long-Term Dependability* by J.D. Power.
Is Hyundai or Kia more luxurious?
In terms of style, Hyundai focuses more on luxury and refinement with higher quality materials while Kia focuses more on sportiness and a lower price point. With more longevity, quality, comfort and value, Hyundai is the manufacturer of choice.
What is the luxury brand of Hyundai?
They both offer high quality vehicles with a variety of options to choose from. Kia models often focus on performance, while Hyundai models prioritize comfort. Kia’s designs are often bolder, while Hyundai’s are sharper. The price range for both brands is about the same.
What is Hyundai top luxury?
The most expensive Hyundai car in India is Ioniq 5, priced at € 44.95 Lakh.