Major insurers are refusing to insure some Kia and Hyundai cars. We ran 700,000 auto insurance quotes to compare the cost for insurance for Kias to find out why: 
Kia car insurance is the same price as insurance for other cars, but Kias are getting stolen more, so their insurance ought to cost more.
Insurance prices are supposed to reflect risk, but when risks change, the price needs to change, otherwise insurance companies lose money.
Since prices haven't caught up yet, some insurers are just flat out refusing to sell you insurance for your Kia at any price.
Why can’t insurers change their prices?
But why would they refuse to sell insurance, rather than just increase prices to reflect the increased risk?
The answer lies in regulation. A normal store can change its prices on a whim, but insurers need to request rate changes with each state regulator, a formal process that can take significant time and effort. Insurance regulators require that car insurance carriers can't change prices without first gaining their approval.
At Coverage Cat, we believe consumers could buy better insurance if it was easier, and prices were more public. That’s why we make our auto insurance dataset public — so you can instantly see thousands of prices.
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Reviewed by
Max Cho
, Licensed Insurance Broker NPN 20377411
