700k car insurance prices show why you can't insure a Kia
coveragecat.comI guess the context is lost for Europeans. Apparently electronic immobilizers are not required by law in the US, so Kia and Hyundai did not include one on many models, resulting in higher theft rates.
https://www.thedrive.com/news/kia-and-hyundai-sued-by-city-o...
Now apparently because insurance rates are regulated, some insurers now refuse to insure certain Kia models.
For context, immobilisers have been mandatory (on new cars) in England and Wales since October 1998. Possibly some exemptions for specialist cars, like a Caterham.
Thats because UK had its KIA moment in the eighties/nineties with cars like Ford Sierra [Cosworth] :)
Terrible post. The language is waffly and barely says anything, and the graph doesn't even work (orange hidden behind blue). Hope your product is more effective than your writing.
Can confirm, working in auto insure-tech field, I've seen one of the major carriers stop buying leads for car owners shopping for new policies for specific Kia and Hyundai model-years over the past month.
If you secure a loan for or lease a car, isn’t insurance mandatory for completion of the transaction? If so, how are most people still driving Kias off the lot if they can’t get insurance?
Ora are people getting insurance and finding their policies unrenewable?
The following article contains an actual list of the effected vehicles: https://www.thedrive.com/news/these-hyundai-and-kia-models-a...
Mostly cars, years: 2015-2021