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They aren't on the NICB list of the top ten most stolen: 1. Chevrolet Pick-Up (Full Size) 48,206 2. Ford Pick-Up (Full Size) 47,999 3. Honda Civic 31,673

They aren't on the NICB list of the top ten most stolen: 1. Chevrolet Pick-Up (Full Size) 48,206 2. Ford Pick-Up (Full Size) 47,999 3. Honda Civic 31,673 4. Honda Accord 30,274 5. Toyota Camry 17,270 6. GMC Pick-Up (Full Size) 15,599 7. Nissan Altima 14,108 8. Honda CR-V 13,308 9. Jeep Cherokee/Grand Cherokee 13,210 10. Toyota Corolla 12,927 (understandably, that is basically the list of the best-selling vehicles) However, there's only 1 Kia on the IIHS "most likely to be stolen" list: 1. Dodge Charger SRT Hellcat 2. Dodge Charger HEMI 3. Infiniti Q50 4. Dodge Challenger 5. Land Rover Range Rover four-wheel drive 6. Land Rover Range Rover Sport 4WD 7. Nissan Maxima 8. Kia Rio 9. Dodge Charger 10. Honda Accord So, why are they still insuring Dodge Chargers?

kube-system 4y ago
Because stealing someone's keys is the #1 way that vehicles are stolen, and it is a vulnerability that affects nearly all models equally.
GavinMcG 4y ago
... you're ignoring the underlying availability. The total number of Hyundais sold in the US is comparable to combined sales of Honda Civics and Toyota Camrys alone. The question is whether the risk of a Hyundai/Kia being stolen is disproportionately high, since that's what affects its impact on an insurer.
- bluedino 4y ago
  Exactly the point of my second list.
  - GavinMcG 4y ago
    Ah, okay. Then to answer your question: because those cars' rapid rise into the top 20 on that list means that there's an uncertain risk calculation (and one that old rates do not reflect) and so the insurer isn't willing to bet that the rise won't continue.
brookst 4y ago
Because it’s a mistake to use data like that. State Farm is not saying “we won’t insure cars on the most-stolen list”. They are saying “we won’t insure these specific models”, presumably because they’ve determined that they can’t offer a policy at a profitable price that people will buy. After the fact, we can look at how often cars are stolen to add context to the conversation, but it’s a mistake to conflate that extra context with the actual decision.

kube-system 4y ago

Because stealing someone's keys is the #1 way that vehicles are stolen, and it is a vulnerability that affects nearly all models equally.

GavinMcG 4y ago

... you're ignoring the underlying availability. The total number of Hyundais sold in the US is comparable to combined sales of Honda Civics and Toyota Camrys alone. The question is whether the risk of a Hyundai/Kia being stolen is disproportionately high, since that's what affects its impact on an insurer.

bluedino 4y ago
Exactly the point of my second list.
- GavinMcG 4y ago
  Ah, okay. Then to answer your question: because those cars' rapid rise into the top 20 on that list means that there's an uncertain risk calculation (and one that old rates do not reflect) and so the insurer isn't willing to bet that the rise won't continue.

brookst 4y ago

Because it’s a mistake to use data like that. State Farm is not saying “we won’t insure cars on the most-stolen list”. They are saying “we won’t insure these specific models”, presumably because they’ve determined that they can’t offer a policy at a profitable price that people will buy. After the fact, we can look at how often cars are stolen to add context to the conversation, but it’s a mistake to conflate that extra context with the actual decision.