Our fully paid Progressive term ends in June, and I’m getting worried because some companies are dropping coverage due to Kia Boys thefts. I have a 2020 Accent, and I’m not sure if Progressive will renew or if they’ll raise the rates so high we can’t afford it. What are others doing in this situation?
I work as an agent for Progressive and other companies, and I also own an Accent. So far, I got one email from either Travelers or Nationwide saying they’ll stop covering them in certain areas. I’m in Texas, but Progressive usually sends nationwide updates to agents. So, I don’t think you need to worry about being dropped. My policy renewed two months ago, and my rate stayed the same.
@Wyatt
I have a question if you don’t mind. I’m thinking of getting the new 2024 Hyundai Santa Fe, but I’m worried insurers will charge more just because it’s a Hyundai. Have you seen them raising rates even for brand-new models?
@britney
I haven’t noticed that yet, but rates vary a lot depending on location and driver history. I have a few Hyundai and Kia customers, and their premiums haven’t changed much. That said, I’m in a smaller market in Texas, and bigger cities might be different. If you’re concerned, you should ask your agent to quote you with a VIN from a new one.
@Wyatt
Makes sense. I’m in Seattle, and there’s been a huge spike in Hyundai and Kia thefts, so I assume it’ll be different here. Thanks for the advice on using a VIN!
britney said:
@Wyatt
Makes sense. I’m in Seattle, and there’s been a huge spike in Hyundai and Kia thefts, so I assume it’ll be different here. Thanks for the advice on using a VIN!
Yeah, location definitely plays a role, but a lot of the big rate hikes aren’t just about the brand. Insurance costs have gone up across the board, with minimum increases of 30% industry-wide in the last year and a half.
britney said:
@Wyatt
Makes sense. I’m in Seattle, and there’s been a huge spike in Hyundai and Kia thefts, so I assume it’ll be different here. Thanks for the advice on using a VIN!
I’m in San Diego and just got a 2023 Hyundai Santa Fe PHEV. I have Geico, and my rate seems fair for a hybrid. Also, the newer models come with immobilizers, so the theft issue doesn’t apply to them anymore.
@Wyatt
Didn’t Hyundai fix the security flaw in newer models? Shouldn’t that help with insurance rates?
RobertHyundaiFan said:
@Wyatt
Didn’t Hyundai fix the security flaw in newer models? Shouldn’t that help with insurance rates?
It should, but insurance companies aren’t always quick to adjust. They mostly look at repair costs and claims data, so changes in design might take time to reflect in rates.
@britney
Not an insurance agent, but we just got a 2023 Hyundai Tucson, and the rate is about what I expected. No crazy extra charge just because it’s a Hyundai.
Charlotte said:
@britney
Not an insurance agent, but we just got a 2023 Hyundai Tucson, and the rate is about what I expected. No crazy extra charge just because it’s a Hyundai.
I have a 2020 Hyundai in Illinois, and my insurance is nearly $300 a month.
Charlotte said:
@britney
Not an insurance agent, but we just got a 2023 Hyundai Tucson, and the rate is about what I expected. No crazy extra charge just because it’s a Hyundai.
I’m 19 and had two crashes. My insurance only went up $10 when I switched from a 2014 Accord to a 2023 Elantra Limited!
Charlotte said:
@britney
Not an insurance agent, but we just got a 2023 Hyundai Tucson, and the rate is about what I expected. No crazy extra charge just because it’s a Hyundai.
Funny enough, my insurance actually went down when I got my Hyundai Ioniq HEV.
@Wyatt
I just got a notice that Progressive won’t renew my policy, and I have a keyless Kia…
Atkinston said:
@Wyatt
I just got a notice that Progressive won’t renew my policy, and I have a keyless Kia…
Did they say it was because of the Kia, or could it be another reason?
Definitely depends on your ZIP code.
Same here. I’m with Geico. My car was stolen and found, but it’s been in the shop for over a month because the parts are back-ordered. Geico has been great so far, but I think they’ll either raise my rates or drop me, so I’m looking for a different car before my policy renews.
@millicent
I also have Geico. My 2017 Sonata was stolen, found, and repaired. It cost about $5,000-$6,000 in damage, but I only paid my $500 deductible. Geico covered my rental for about a month while waiting for parts. When my policy renewed five months later, my rate didn’t change. Hopefully, it’s the same for you if you can’t get a new car in time.
@Freddie231
If you remove the ignition relay or fuse, they won’t be able to start it. Might be just as quick as putting on a steering wheel lock.
Allstate in Illinois won’t offer comp and collision for 2011-2021 Hyundai and Kia models. It’s not a great time to own one of these cars.