Insurers Respond to Viral TikTok Challenge with Limits on High-Risk Car Models

1 year ago
11

State Farm and Progressive, two of America's largest car insurers, are limiting their sale of new insurance policies on certain Kia and Hyundai models due to a viral TikTok challenge that caused an "explosive" spike in car thefts. Many of the targeted vehicles lack a basic theft prevention technology called an electronic immobilizer, making them vulnerable to theft. Police have issued tips to protect these high-risk vehicles, such as using anti-theft devices and parking in well-lit areas. Taking steps to secure your vehicle and limit the risk of theft could help control insurance costs if you already have coverage in place.

Links to the featured articles/videos:
https://finance.yahoo.com/news/serious-problem-state-farm-progressive-213000996.html
https://www.youtube.com/watch?v=DBqPdC2eEjw

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