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

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


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Max Dorfman, Analysis Author, Triple-I

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

“Automotive theft spiked throughout the pandemic,” stated Matt Moore, HLDI senior vp. “These numbers inform us that some autos 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 gear on nearly all autos of that classic made by different corporations. They had been normal on 62 p.c of fashions of different producers in mannequin yr 2000. By mannequin yr 2015, immobilizers had been normal on 96 p.c of different autos, however had been solely normal on 26 p.c of Hyundai and Kia car fashions.

“If it doesn’t have an immobilizer, it does make it considerably simpler to steal,” stated Darrell Russell, a former auto theft investigator who’s now director of operations, autos, 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 occasions from the 2019 degree.

Motorcar theft continues to be a serious situation

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 autos had been stolen that yr. The variety of autos stolen was up 11.8 p.c 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 had been key components within the enhance of motor autos stolen in 2020.

Preventive measures are essential

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

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