{"id":163220,"date":"2025-08-11T05:10:26","date_gmt":"2025-08-11T05:10:26","guid":{"rendered":"https:\/\/www.way.com\/blog\/?p=163220"},"modified":"2026-04-24T10:20:43","modified_gmt":"2026-04-24T10:20:43","slug":"why-is-car-insurance-expensive","status":"publish","type":"post","link":"https:\/\/www.way.com\/journal\/why-is-car-insurance-expensive\/","title":{"rendered":"Could your car be costing you extra on insurance?"},"content":{"rendered":"<p style=\"text-align: center;\"><i><span data-contrast=\"none\">The NICB data shows that auto theft is down by 17% in 2024. Now, that is a welcome trend. But if you are expecting a dip in insurance premiums with this, then you should rethink. Despite the improvement in numbers, insurance costs are on the rise. The answer would be a\u00a0complex web of economic, legal, and geographical factors that go beyond the theft statistics.<\/span><\/i><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_81 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">What you&#039;ll read about<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #e71346;color:#e71346\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #e71346;color:#e71346\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.way.com\/journal\/why-is-car-insurance-expensive\/#What_Are_the_Current_Car_Theft_Trends\" >What Are the Current Car Theft Trends?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.way.com\/journal\/why-is-car-insurance-expensive\/#Why_Do_Some_Models_Still_Top_the_Theft_Wish_List\" >Why Do Some Models Still Top the Theft Wish List? \u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.way.com\/journal\/why-is-car-insurance-expensive\/#Does_Car_Insurance_Cover_Theft\" >Does Car Insurance Cover Theft?\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.way.com\/journal\/why-is-car-insurance-expensive\/#The_Real_Drivers_Behind_Car_Insurance_Rates\" >The Real Drivers Behind Car Insurance Rates\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.way.com\/journal\/why-is-car-insurance-expensive\/#Can_You_Actually_Lower_Your_Car_Insurance_Premiums_in_2025\" >Can You Actually Lower Your Car Insurance Premiums in 2025? \u00a0<\/a><\/li><\/ul><\/nav><\/div>\n<h2 aria-level=\"2\"><span class=\"ez-toc-section\" id=\"What_Are_the_Current_Car_Theft_Trends\"><\/span>What Are the Current Car Theft Trends?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-contrast=\"none\">When we look at the 2024 car theft trends, there is a visible decline in the number of vehicles stolen from over 1,020,729 in 2023 to 850,758 in 2024. We see this on a positive note with some states like Washington, Nevada, and Oregon showing a decrease in the theft rates from\u00a0 \u201332% to \u201330%.\u00a0 <\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Though the states have predominantly seen a decrease in the car theft rates, some cars remain high targets of theft, or places that are targeted due to the population or the degree of urbanization. For instance, the District of Columbia and California are two of the five states that have the highest theft rates. The theft rates of these states stand at 842 and 463 cars per 100,000 people, according to <\/span><span data-contrast=\"none\">data from the NICB,<\/span><span data-contrast=\"none\"> while the national average is 250.2 thefts per 100,000 people.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<h3 aria-level=\"3\"><span data-contrast=\"none\">Car Theft Rate by State<\/span><span data-ccp-props=\"{&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;335559738&quot;:40,&quot;335559739&quot;:0}\">\u00a0<\/span><\/h3>\n<p><span data-contrast=\"none\">Here are the top five states with the highest vehicle theft rates and the percent decrease in vehicle thefts between 2023 and 2024. <\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-163251 aligncenter\" src=\"https:\/\/journal.way.com\/wp-content\/uploads\/2025\/08\/Car-Theft-Rate-by-State--1024x576.png\" alt=\"car insurance rates\" width=\"750\" height=\"422\" srcset=\"https:\/\/journal.way.com\/wp-content\/uploads\/2025\/08\/Car-Theft-Rate-by-State--1024x576.png 1024w, https:\/\/journal.way.com\/wp-content\/uploads\/2025\/08\/Car-Theft-Rate-by-State--300x169.png 300w, https:\/\/journal.way.com\/wp-content\/uploads\/2025\/08\/Car-Theft-Rate-by-State--768x432.png 768w, https:\/\/journal.way.com\/wp-content\/uploads\/2025\/08\/Car-Theft-Rate-by-State--1536x864.png 1536w, https:\/\/journal.way.com\/wp-content\/uploads\/2025\/08\/Car-Theft-Rate-by-State--2048x1152.png 2048w, https:\/\/journal.way.com\/wp-content\/uploads\/2025\/08\/Car-Theft-Rate-by-State--1568x882.png 1568w\" sizes=\"auto, (max-width: 750px) 100vw, 750px\" \/><\/p>\n<h3 aria-level=\"3\"><span data-contrast=\"none\">Car Theft Rates by Model<\/span><span data-ccp-props=\"{&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;335559738&quot;:40,&quot;335559739&quot;:0}\">\u00a0<\/span><\/h3>\n<p>Hyundai and Kia models have been in the top charts when it comes to car thefts. There are reasons for it, even including a viral TikTok challenge! The Hyundai Elantra and Hyundai Sonata are the most stolen cars of 2024.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-163252 aligncenter\" src=\"https:\/\/journal.way.com\/wp-content\/uploads\/2025\/08\/Car-Theft-Rates-by-Model-1024x576.png\" alt=\"car theft rates\" width=\"750\" height=\"422\" srcset=\"https:\/\/journal.way.com\/wp-content\/uploads\/2025\/08\/Car-Theft-Rates-by-Model-1024x576.png 1024w, https:\/\/journal.way.com\/wp-content\/uploads\/2025\/08\/Car-Theft-Rates-by-Model-300x169.png 300w, https:\/\/journal.way.com\/wp-content\/uploads\/2025\/08\/Car-Theft-Rates-by-Model-768x432.png 768w, https:\/\/journal.way.com\/wp-content\/uploads\/2025\/08\/Car-Theft-Rates-by-Model-1536x864.png 1536w, https:\/\/journal.way.com\/wp-content\/uploads\/2025\/08\/Car-Theft-Rates-by-Model-2048x1152.png 2048w, https:\/\/journal.way.com\/wp-content\/uploads\/2025\/08\/Car-Theft-Rates-by-Model-1568x882.png 1568w\" sizes=\"auto, (max-width: 750px) 100vw, 750px\" \/><\/p>\n<p style=\"text-align: center;\"><em><span style=\"font-size: 10pt;\">Data Source: <a class=\"Hyperlink SCXW117500473 BCX0\" href=\"https:\/\/www.nicb.org\/news\/news-releases\/vehicle-thefts-united-states-fell-17-2024\" target=\"_blank\" rel=\"noreferrer noopener\"><span class=\"TextRun Underlined SCXW117500473 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW117500473 BCX0\" data-ccp-charstyle=\"Hyperlink\">NICB<\/span><\/span><\/a><\/span><\/em><\/p>\n<h2 aria-level=\"2\"><span class=\"ez-toc-section\" id=\"Why_Do_Some_Models_Still_Top_the_Theft_Wish_List\"><\/span><span data-contrast=\"none\">Why Do Some Models Still Top the Theft Wish List? <\/span><span data-ccp-props=\"{&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;335559738&quot;:40,&quot;335559739&quot;:0}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-contrast=\"none\">The reasons for the increased theft rates among these models are vulnerabilities in security, demand for parts like catalytic converters, and even viral social media trends.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559683&quot;:0,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"none\">Absence of an electronic engine immobilizer<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><span data-contrast=\"none\">An electronic engine immobilizer is an anti-theft device that prevents the car from starting without the appropriate key fob. This is present in the current models of Hyundai Elantra, Sonata, and Kia Optima, but was absent in the older models, which had the traditional key ignition. <\/span><span data-ccp-props=\"{&quot;335559685&quot;:0}\">\u00a0<\/span><\/p>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559683&quot;:0,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"none\">TikTok Challenge<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><span data-contrast=\"none\">Social media fueled this fire by spreading information, presenting it as a challenge. Since the security feature was absent in these models, they became a target for increased theft. <\/span><span data-ccp-props=\"{&quot;335559685&quot;:0}\">\u00a0<\/span><\/p>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"3\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559683&quot;:0,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"none\">Popularity of the model and cost of the parts<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><span data-contrast=\"none\">Car parts are in high demand in the market, and popular models like the Accord have been stolen for this reason. While most models are stolen for the parts, some, like the Chevrolet Silverado, are stolen for specific parts like the catalytic converter. This is mainly because of the model&#8217;s higher ground clearance, making catalytic converters easily accessible. <\/span><span data-ccp-props=\"{&quot;335559685&quot;:0}\">\u00a0<\/span><\/p>\n<h2 aria-level=\"2\"><span class=\"ez-toc-section\" id=\"Does_Car_Insurance_Cover_Theft\"><\/span><span data-contrast=\"none\">Does Car Insurance Cover Theft?<\/span><span data-ccp-props=\"{&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;335559738&quot;:40,&quot;335559739&quot;:0}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-contrast=\"none\">If you have comprehensive car insurance coverage in your name, then your <\/span><span data-contrast=\"none\">auto insurance<\/span><span data-contrast=\"none\"> will help you pay for the stolen car. This protection is not applicable if your car is covered only under liability coverage. Comprehensive coverage can be used to cover specific parts, paint, and rims. However, the items stolen from the car, or present in the car at the time of stealing, will not be covered under auto insurance but under a property insurance policy. <\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<h2 aria-level=\"2\"><span class=\"ez-toc-section\" id=\"The_Real_Drivers_Behind_Car_Insurance_Rates\"><\/span><span data-contrast=\"none\">The Real Drivers Behind Car Insurance Rates<\/span><span data-ccp-props=\"{&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;335559738&quot;:40,&quot;335559739&quot;:0}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-contrast=\"none\">Several factors govern car insurance rates. However, theft rates are among the many factors that influence car insurance rates.\u00a0In other words, if theft rates were the only influence, then car insurance rates would have certainly gone down this year. However, <\/span><span data-contrast=\"none\">data from the U.S Bureau of Labor Statistics<\/span><span data-contrast=\"none\"><sup> [1]<\/sup>shows that the cost of car repair and maintenance increased from $396 in January 2024 to $427 in June 2025. Here are the factors that affect the car insurance rates despite the falling theft rates.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<h4 aria-level=\"3\"><span data-contrast=\"none\">Cost of Parts and Repair<\/span><span data-ccp-props=\"{&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;335559738&quot;:40,&quot;335559739&quot;:0}\">\u00a0<\/span><\/h4>\n<p><span data-contrast=\"none\">Today&#8217;s cars make driving easier as they come with advanced features. However, this makes repair and parts procurement costlier. In addition, the labor costs for repair and the costlier parts result in higher car insurance costs.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<h4 aria-level=\"3\"><span data-contrast=\"none\">Inflation<\/span><span data-ccp-props=\"{&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;335559738&quot;:40,&quot;335559739&quot;:0}\">\u00a0<\/span><\/h4>\n<p><span data-contrast=\"none\">Apart from\u00a0<\/span><span data-contrast=\"none\"><span style=\"box-sizing: border-box; margin: 0px; padding: 0px;\">labor costs, inflation also plays a crucial role in the increase in\u00a0auto insurance rates. Recent<\/span>\u00a0tariffs, materials, legal costs, and even the cost of settlements have raised the cost of car insurance premiums.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<h4 aria-level=\"3\"><span data-contrast=\"none\">Malpractices in Litigation<\/span><span data-ccp-props=\"{&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;335559738&quot;:40,&quot;335559739&quot;:0}\">\u00a0<\/span><\/h4>\n<p><span data-contrast=\"none\">The severity of the crash would be one thing, but there are organized malpractices in the insurance settlements. This system abuse is a major cause of rising car insurance premiums. According to the <\/span><span data-contrast=\"none\">Insurance Information Institute (Triple-I)<sup>[2]<\/sup><\/span><span data-contrast=\"none\">, attorneys get involved in claims, even minor ones, and the costs often increase significantly due to inflated legal fees and prolonged settlements. As a result, the car insurance premium rates are on the rise. <\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<h4 aria-level=\"3\"><span data-contrast=\"none\">History of Theft<\/span><span data-ccp-props=\"{&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;335559738&quot;:40,&quot;335559739&quot;:0}\">\u00a0<\/span><\/h4>\n<p><span data-contrast=\"none\">The drop in the theft rate is recent, and the financial fallout has caused increased car insurance rates as a result of the increased claims rate. The window of the current drop is not sufficient to bring down the car insurance rates. Similarly, your location and the theft rate trends of your area will also regulate the auto insurance rates, which drastically change with ZIP codes.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<h4 aria-level=\"3\"><span data-contrast=\"none\">Long-term Data<\/span><span data-ccp-props=\"{&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;335559738&quot;:40,&quot;335559739&quot;:0}\">\u00a0<\/span><\/h4>\n<p><span data-contrast=\"none\">The trend may be low theft rates, decreased inflation, or tariffs; insurance companies will adjust insurance prices only with long-term, stable data. <\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<h2 aria-level=\"2\"><span class=\"ez-toc-section\" id=\"Can_You_Actually_Lower_Your_Car_Insurance_Premiums_in_2025\"><\/span><span data-contrast=\"none\">Can You Actually Lower Your Car Insurance Premiums in 2025? <\/span><span data-ccp-props=\"{&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;335559738&quot;:40,&quot;335559739&quot;:0}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-contrast=\"none\">The viral TikTok challenge sent theft waves across the nation in 2022 and 2023, causing the insurers to halt coverage for these models. Even after the trend died down, the car insurance premiums for the Hyundai and Kia models remained on the higher end for a long while until the <\/span><span data-contrast=\"none\">companies rolled out anti-theft updates <sup>[3]<\/sup>.<\/span><span data-contrast=\"none\">\u00a0On the same note, if there is steadier data on lower theft rates and the other factors that influence the car insurance rates, then you can witness the car insurance rates fall. <\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Anti-theft tech and safe driving discounts are real, but are minimal when we compare them with the larger picture of multiple factors influencing the rates. However, it is a wise choice to install the devices to ensure safety and claim the discounts offered by the provider. For instance, anti-theft devices like GPS tracking systems, car alarms, steering locks, and engine immobilizers will improve the safety of your car and reduce the insurance rates as well. <\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">You might have shopped well, researched, and compared different companies to find your current insurance provider. However, with the shifting trends, you must reassess the local market and the risks involved. Consequently, consider online platforms to <\/span><span data-contrast=\"none\">compare quotes<\/span><span data-contrast=\"none\">. <\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">To prevent theft, make sure you park in well-lit areas or secured parking lots, take keys with you after parking, and close all doors and windows. In addition, ensure to hide any valuables. Consequently, report it immediately after your vehicle is stolen. <\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<h5><span data-ccp-props=\"{}\">\u00a0<span style=\"font-size: 12pt;\">Citations<\/span><\/span><\/h5>\n<p><span style=\"font-size: 10pt;\"><i>1. BLS Data Viewer<\/i>. (n.d.). <a href=\"https:\/\/data.bls.gov\/dataViewer\/view\/timeseries\/CUSR0000SETD;jsessionid=9D320F6EEF32FFAB9CB198EE7F3A4E2E\">https:\/\/data.bls.gov\/dataViewer\/view\/timeseries\/CUSR0000SETD;jsessionid=9D320F6EEF32FFAB9CB198EE7F3A4E2E<\/a> <\/span><\/p>\n<p><span style=\"font-size: 10pt;\"><span class=\"TextRun SCXW74521461 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW74521461 BCX0\">2.<em>Legal system abuse <\/em><\/span><em><span class=\"NormalTextRun ContextualSpellingAndGrammarErrorV2Themed SCXW74521461 BCX0\">adding<\/span><\/em><span class=\"NormalTextRun SCXW74521461 BCX0\"><em> to increasing auto insurance costs, creating a new asset class of investors betting on litigation<\/em> | III<\/span><\/span><span class=\"TextRun SCXW74521461 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW74521461 BCX0\">. (n.d.). <\/span><\/span><a class=\"Hyperlink SCXW74521461 BCX0\" href=\"https:\/\/www.iii.org\/press-release\/legal-system-abuse-adding-to-increasing-auto-insurance-costs-creating-a-new-asset-class-of-investors-betting-on-litigation-022724\" target=\"_blank\" rel=\"noreferrer noopener\"><span class=\"TextRun Underlined SCXW74521461 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW74521461 BCX0\" data-ccp-charstyle=\"Hyperlink\">https:\/\/www.iii.org\/press-release\/legal-system-abuse-adding-to-increasing-auto-insurance-costs-creating-a-new-asset-class-of-investors-betting-on-litigation-022724<\/span><\/span><\/a><span class=\"EOP SCXW74521461 BCX0\" data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559685&quot;:720,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:480,&quot;335559991&quot;:720}\">\u00a0<\/span><\/span><\/p>\n<p><i style=\"font-size: 10pt;\">3.Hyundai introduces free Anti-Theft software upgrade, beginning with more than 1 million elantras, sonatas and venues &#8211; Hyundai Newsroom<\/i><span style=\"font-size: 10pt;\">. (n.d.). <\/span><a style=\"font-size: 10pt;\" href=\"https:\/\/www.hyundainews.com\/en-us\/releases\/3768\">https:\/\/www.hyundainews.com\/en-us\/releases\/3768<\/a><span style=\"font-size: 10pt;\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The NICB data shows that auto theft is down by 17% in 2024. Now, that is a welcome trend. But if you are expecting a dip in insurance premiums with this, then you should rethink. Despite the improvement in numbers, insurance costs are on the rise. The answer would be a\u00a0complex web of economic, legal,&hellip; <a class=\"more-link\" href=\"https:\/\/www.way.com\/journal\/why-is-car-insurance-expensive\/\">Continue reading <span class=\"screen-reader-text\">Could your car be costing you extra on insurance?<\/span><\/a><\/p>\n","protected":false},"author":42,"featured_media":163222,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[569],"tags":[],"class_list":["post-163220","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-auto-insurance","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.3 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Could your car be costing you extra on insurance?<\/title>\n<meta name=\"description\" content=\"Car theft rates are falling but the car insurance rates are still on the rise. 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