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HomeInsuranceTriple-I Weblog | Kia, Hyundai Autos Stolen at File Charges

Triple-I Weblog | Kia, Hyundai Autos Stolen at File Charges


Max Dorfman, Analysis Author, Triple-I

Cut price-priced Kia and Hyundai automobiles have begun being focused for theft at charges just like muscle automobiles and SUVs, the Freeway Loss Knowledge Institute (HLDI) has reported, primarily based on an evaluation of 2021 insurance coverage claims. The spike is due, partly, to the truth that the fashions being stolen don’t have digital immoblizers that cease thieves from bypassing the ignition.

“Automobile theft spiked throughout the pandemic,” mentioned Matt Moore, HLDI senior vice chairman. “These numbers inform us that some automobiles could also be focused as a result of they’re quick or price some huge cash and others as a result of they’re straightforward to steal.”

Ignition immobilizers are normal tools on nearly all automobiles of that classic made by different firms. They have been normal on 62 % of fashions of different producers in mannequin yr 2000. By mannequin yr 2015, immobilizers have been normal on 96 % of different automobiles, however have been solely normal on 26 % of Hyundai and Kia automobile fashions.

“If it doesn’t have an immobilizer, it does make it considerably simpler to steal,” mentioned Darrell Russell, a former auto theft investigator who’s now director of operations, automobiles, on the Nationwide Insurance coverage Crime Bureau (NICB).

In Wisconsin, which was affected by these thefts sooner than most, losses from Hyundai-Kia thefts grew greater than 30 instances from the 2019 degree.

Motorized vehicle theft continues to be a significant challenge

In 2020, the FBI discovered that $7.4 billion was misplaced to motorcar theft, with the common greenback loss per theft at $9,166. A complete of 810,400 automobiles have been stolen that yr. The variety of automobiles stolen was up 11.8 % in 2020, from 724,872 in 2019. The NICB says the pandemic, financial downturn, lack of juvenile outreach applications, and public security budgetary and useful resource limitations have been key components within the enhance of motor automobiles stolen in 2020.

Preventive measures are essential

The NICB recommends a layered method to stop automobiles from being stolen that features:

  • At all times locking your doorways and eradicating your keys from the ignition;
  • Utilizing seen or audible units, like alarms and steering column brake locks;
  • Putting in a automobile immobilizer, like a kill swap or good key; and
  • Investing in a monitoring system.
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