Hyundai and Kia Theft Risk Improvement
Hyundais and Kias equipped with a software update are being stolen far less often, a new study shows. The fix adds an immobilizer that requires the vehicle’s key to be in the ignition for the engine to start. Despite the fix, thieves are still attempting to steal Hyundais and Kias, leading to higher-than-average insurance claims.
Significant Drop in Theft Claims
Things are improving for Hyundai and Kia owners, at least when it comes to the risk of theft. New data from the Highway Loss Data Institute (HLDI) shows a whopping 53 percent drop in theft claims on models that have had a software update to improve security. “The companies’ solution is extremely effective,” said Matt Moore, senior vice president of HLDI. “If you own a Hyundai or Kia vehicle without an electronic immobilizer, you should call your local dealer about getting the software upgrade today.”
Low Percentage of Updated Vehicles
Unfortunately, there are quite a few owners who need to make that call. HLDI reports approximately 60 percent of eligible vehicles have received the software update as of July 2024. The fix adds an immobilizer that requires the key to be in the ignition for the vehicle to start.
Insurance Claims Still High
While thefts are significantly down since the software update, HLDI notes that insurance claims are still high for affected models. Even with the update, thieves are still tempted by a joyride and break into the vehicle not knowing it won’t start. That leads to damage and theft of items from the vehicle. But at least it’s still parked in the same spot when you show up the next morning.
Future Expectations
Based on these trends, HLDI expects claim rates for Hyundai and Kia vehicles to gradually drop back in line with those of other brands, as thieves learn they’re no longer so easy to steal and the fad gets stale.