2. It’s a certain make or model
If you’re a Kia driver, this one probably isn’t news to you. Certain car models, like some from Kia and Hyundai, have experienced higher theft rates due to vulnerabilities in their security systems. High theft rates are a red flag for insurers, as they lead to more claims, which in turn can make these models more challenging to insure.
Vehicles that are targeted more frequently by thieves often carry higher insurance premiums. In some cases, insurers might opt not to offer coverage at all if they assess the risk as too high. This can leave owners of these models in a difficult position when trying to secure insurance.
Beyond theft rates, the reputation of the manufacturer and specific models can influence insurability. Insurers consider historical data, including accident rates, repair costs and overall safety records. Models with a poor track record in these areas might be deemed too risky to insure.