Kia-Hyundai Lawsuit Settlement: Get Your $3,375 Compensation Now!

Juilia Ruskin
4 Min Read

Kia and Hyundai car owners in the United States might be eligible for compensation due to a class action lawsuit. This lawsuit was filed because certain models were found to be easily stolen, causing a lot of problems for car owners. In this article, we’ll explain the lawsuit, who is eligible for the settlement, and when you can expect to receive your payment.

Advertisement

What is the Kia-Hyundai Class Action Lawsuit?

Background

Kia and Hyundai, part of the Hyundai Motor Group, have faced a lawsuit from New York City and other cities. The lawsuit was triggered by a flaw in some car models that made them vulnerable to theft. Videos on social media showed how to start these cars using simple tools, which led to a surge in car thefts.

Advertisement

Why Are These Cars Vulnerable?

Engine Immobilizer Issue

Many Kia and Hyundai models sold in the US did not come with engine immobilizers, a standard feature in most cars since the 1990s. An engine immobilizer prevents the engine from starting unless the correct key is present. Without this feature, cars are much easier to steal.

Advertisement

Settlement Details

Compensation Amount

Kia and Hyundai have agreed to a settlement of $200 million. This settlement covers around 9 million affected customers. Eligible customers can receive up to $3,375 or 33% of the value of their damaged vehicle or personal property lost during theft.

Advertisement

Payment Dates

When Will You Get Paid?

The exact dates for the settlement payments have not been announced yet. In February, Kia and Hyundai stated they would release a software update for about 8.3 million cars to help prevent theft. This update is part of the effort to control the rise in car thefts.

Advertisement

Eligibility Criteria

Who Can Claim?

To be eligible for the settlement, you must own one of the affected Kia or Hyundai models listed below while living in the US:

Advertisement
YearCar Model
2011-2021Kia Forte
2021-2022Kia K5
2011-2020Kia Optima
2012-2021Kia Rio
2011-2021Kia Sedona
2021-2022Kia Seltos
2011-2022Kia Sorrento
2020-2022Kia Soul
2011-2022Kia Sportage

Additional Compensation

Other Benefits

If you have already received a steering wheel lock from the company or law enforcement, you can get $250 for each vehicle to buy and install a glass breakage alarm or similar theft protection devices. Additionally, you can receive up to $375 for insurance deductibles and higher premiums caused by thefts or attempted thefts.

Advertisement

The Kia-Hyundai class action lawsuit aims to compensate car owners affected by the thefts. With the settlement, eligible customers can receive financial aid or software upgrades to prevent future thefts. Keep an eye on the announcements for payment dates and ensure you meet the eligibility criteria to claim your compensation.

Advertisement

What caused the Kia-Hyundai lawsuit?

Certain Kia and Hyundai models lacked engine immobilizers, making them easy to steal.

Advertisement

How much compensation can I receive?

Eligible customers can get up to $3,375 or 33% of the value of their damaged vehicle or lost personal property.

Advertisement

When will the payments be made?

The exact dates have not been announced yet. Updates are expected soon.

Advertisement

Who is eligible for the settlement?

Owners of specific Kia and Hyundai models listed above, living in the US.

Advertisement

What additional compensation is available?

Up to $250 for installing theft protection devices and up to $375 for insurance deductibles and higher premiums due to thefts.

Advertisement

Advertisement

Share This Article
Follow:
An up-and-coming tax attorney passionate about educating readers on tax planning and mitigation strategies. Juilia articles offer practical advice and actionable tips to help individuals and businesses navigate the intricacies of tax law with confidence.
Leave a comment