The Impact of Online Car Theft Tutorials on Rising Insurance Premiums

The Rise of Car Theft Videos on Social Media

In recent years, social media platforms like YouTube and TikTok have seen a surge in videos demonstrating how to steal Kia and Hyundai vehicles using simple tools like screwdrivers and USB cables. This alarming trend has caught the attention of anti-crime organizations such as the National Insurance Crime Bureau (NICB), the Coalition Against Insurance Fraud, and the International Association of Special Investigation Units (IASIU), who have collectively called for these videos to be removed.

The Consequences of Increased Vehicle Thefts

The Highway Loss Data Institute (HLDI) reported a significant increase in thefts of Kia and Hyundai vehicles in 2021, with these models being targeted at rates comparable to muscle cars and SUVs. This rise is partly due to the lack of electronic immobilizers in these vehicles, which can prevent thieves from bypassing the ignition. The spread of instructional theft videos has led to a dramatic increase in reported thefts across the U.S., with cities like Chicago seeing a tenfold increase in Kia thefts from 2021 to 2022.

The Economic Impact on Insurance Premiums

The increase in vehicle thefts and associated criminal activities, such as insurance fraud, has put upward pressure on private-passenger auto insurance premium rates. Factors contributing to this rise include higher insurer losses due to increased accident frequency and severity, more fatalities and injuries leading to increased attorney involvement in claims, supply-chain issues causing higher costs for cars and parts, and more expensive repairs due to safer, technologically advanced vehicles. Reducing the accessibility of theft tutorials online could be a small but significant step towards alleviating this pressure.

To protect yourself from unnecessary harm, consider installing additional security features in your vehicle, such as electronic immobilizers, steering wheel locks, and tracking devices. Stay informed about the latest security measures and be cautious about sharing personal information online.