Has anyone else's insurance gone way up for Hyundais?

Insurance Issues Topics
1

Hey everyone, I have two Hyundais—a 2006 Santa Fe and a 2020 Tucson. I just got my insurance renewal, and my rate jumped by 33%. I’ve been with the same company for years, moved to a safer area 40 miles away, kept the same coverage, and have no accidents. The agent said it’s because of Hyundai and Kia thefts, even though my cars can’t be stolen with the USB method. It feels like price gouging. Anyone else dealing with this? Has anyone thought about legal action?

2

Might be time to switch companies.

3

Lashun said:
Might be time to switch companies.

A lot of companies won’t even write new policies for Hyundais.

4

Lashun said:
Might be time to switch companies.

Yeah, they’re all doing the same thing.

5

Same thing happened to us. We have two 2021 Hyundais, and our six-month premium went from $600 to $1,000 in a year. No accidents, no changes in coverage, just price hikes.

6

SueJohnson said:
Same thing happened to us. We have two 2021 Hyundais, and our six-month premium went from $600 to $1,000 in a year. No accidents, no changes in coverage, just price hikes.

There really should be a lawsuit over this. Hyundai owners are getting hit with higher rates, even if their cars aren’t affected. Mine went up $440 for the year. I feel lucky compared to others.

7

@Tracy
There is a class action, but only for people whose cars have already been stolen.

8

@Tracy
I’m 60 years old, no accidents, no tickets, only driver in my household. My insurance is bundled with my homeowners. My car insurance jumped from $1,100 to $1,500 per year—$73 a month to $127. I get that rates go up, but I moved from the South Side of Chicago to rural Indiana. I expected my rate to drop, not nearly double. Called both my agent and the main office, and all they say is Hyundai and Kia are high-risk, and most companies won’t even write new policies for them.

9

SueJohnson said:
Same thing happened to us. We have two 2021 Hyundais, and our six-month premium went from $600 to $1,000 in a year. No accidents, no changes in coverage, just price hikes.

I feel you. Mine went up $400. It’s crazy that we have to pay for Hyundai’s design flaw. Insurance companies are quick to raise rates but slow to pay out when we actually need them. I’ve probably paid $10k in the past decade and never filed a claim.

10

We’re getting denied by big insurance companies. Looking into smaller local providers. It hurts paying a premium for a 15-year-old car when newer Hondas and Toyotas cost the same to insure.

11

Have you checked AAA? They gave me a good rate. Definitely shop around.

12

Kelvin said:
Have you checked AAA? They gave me a good rate. Definitely shop around.

Thanks, I’ll call them.

13

Anand said:

Kelvin said:
Have you checked AAA? They gave me a good rate. Definitely shop around.

Thanks, I’ll call them.

No problem.

14

I have a 2020 Kia. Tried to switch to State Farm after Progressive raised my rates, but they won’t cover 2014-2021 Kias or Hyundais unless they have push-button start. They said I could install a push-button conversion for $150, which I’m considering since it would drop my rate by $100 a month.

15

@David
My 2020 is push-button start. If converting yours will save you that much, it might be worth it.

16

Anand said:
@David
My 2020 is push-button start. If converting yours will save you that much, it might be worth it.

So you push and then drop the clutch? Old school, I like it.

17

@David
Definitely seems worth it.

18

shlet said:
@David
Definitely seems worth it.

Which conversion kit are you looking at? Does it completely replace the ignition column?

19

I use Safeco, and they haven’t raised my rate.

20

carhero said:
I use Safeco, and they haven’t raised my rate.

Good to know, thanks.