A Lexington insurance agent has revealed that certain Kia and Hyundai vehicle owners are facing higher insurance rates or even policy non-renewal due to high theft rates associated with their models. The issue stems from a TikTok challenge that highlighted the ease of stealing these vehicles, leading insurance companies to drop coverage or hike premiums to mitigate the risk. Owners of affected vehicles, manufactured between 2015 and 2021, are advised to shop around for the best rates or consider selling their vehicles. The situation has left many drivers in a bind, with insurance agents emphasizing that companies are merely protecting themselves from increased liability.
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