Auto insurance rates soaring, especially if you own these cars

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AUTO INSURANCE RATE HIKE News

CAR INSURANCE RATE HIKE,HYUNDAI INSURANCE,KIA INSURANCE

Insurance rates are up again in 2024, and owners of certain vehicles are getting hit even harder.

So many factors are driving the price of auto insurance up these days. Higher new car prices and soaring repair costs are just two reasons many people have seen their rates increase 20% or more in the past year.

Rebecca Long is one of those people. The mom with three vehicles in her household doesn't know how she'll afford the huge increase in her auto insurance. The vehicle with the biggest jump: her 2016 Hyundai Sonata, up from $857 to more than $1,200, because she says it's now considered a high-theft vehicle after a famous TikTok challenge led to thousands of thefts and attempted thefts.

"I asked them if due to the fact that I have a Hyundai, is that one of the reasons my rates are going up and they said 'yes,'" Long said.

 

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