Did you hear that some insurance companies are canceling coverage for certain models of vehicles because of rampant Hyundai And Kia car theft?
Progressive and state farm are cancelling models in certain cities. This seems like a pretty aggressive move. The insurance companies are making this change because theft loss for cars of certain Hyundai and Kia vehicle models have been on a serious uptick. State Farm released a statement to USA Today and revealed that the car theft issue is “serious problem impacting our customers and the entire auto insurance industry.”
From a law enforcment standpoint, local agencies are doing what they can to help curtail the theft.
We had a chance to catch up with Clearwater Police Chief Dan Slaughter and found out about a cool program CPD has rolled out. They offer a free steering wheel lock device donated by Hyundai. The first round of wheel locks went quickly, and they are currently distributing a second supply.
You can watch our interview with him here: