Kia-Hyundai Class Action Lawsuit 2024 Settlement $3375 Payment Dates And Eligibility

Check out the latest update on the Kia-Hyundai Class Action Lawsuit 2024 Settlement $3375 Payment Dates And Eligibility. People often buy Kia and Hyundai cars because they are relatively well-designed and priced low. However, those who have read the news regarding the lawsuit will hesitate a bit to buy Kia and Hyundai. To learn the complete story of the Kia-Hyundai Class Action Lawsuit, continue browsing the article.

Kia-Hyundai Class Action Lawsuit 2024

Kia and Hyundai are part of the Hyundai Motor Group, a South Korean automobile company. New York City has filed a lawsuit against Kia and Hyundai, joining a host of other cities worried by a social media-fueled wave of car theft due to a fault that made some of the car models highly vulnerable to theft. Videos on social media platforms like TikTok and various other sites showed how to start cars using screwdrivers and USB cables, and this went viral.

The main reason is that some of the models sold by Kia and Hyundai in America came without engine immobilizers, a standard feature almost on all cars since the 1990s that stops the engine from starting unless the key is present. Scroll down to know the exact settlement amount you can receive from the Kia-Hyundai Class Action Lawsuit.

Kia-Hyundai Class Action Lawsuit Settlement $3375

Kia-Hyundai is the major car manufacturing company that has ceased making cars with key ignition; they have all pushed button starters since 2021. Auto theft has inflated dramatically over the years, and the main reason behind it is not utilized in most of the latest models.

NYC took legal action against a car manufacturing company because a criminal had been taking advantage of customers by stealing their cars manufactured by Kia-Hyundai. As of now, the court has granted a prior agreement to the company to adjust the settlement agreement; only if the court grants final approval will the payment be issued to the customers.

Kia-Hyundai Settlement Payment Dates

Kia-Hyundai has accepted the settlement and will pay the eligible customers $200 million in total. The settlement will resolve the lawsuit, which includes around 9 million. Customers who were affected by the theft of engine immobilizers. The greater of $3,375 or 33% of the value for damages to the vehicle or loss/damage of personal property during such incidents.

Kia-Hyundai Settlement Payment dates are still unwrapped. In February, the company said that it would soon launch a software upgrade for around 8.3 million American automobiles lacking theft protection immobilizers to assist in controlling escalated car thefts using the popular method, which went viral on ticktock and several other social media platforms.

Kia-Hyundai Class Action Lawsuit Eligibility

You are entitled to the settlement amount if you purchased any of the models we shared on the list while residing in the US.

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

It is important to note that the Kia-Hyundai Class Action Lawsuit does not claim for any past or forthcoming thefts. Customers who have already got a starring well lock from the company either through the dealer or by law enforcement are entitled to receive $250 for each vehicle for buying and setting up the glass breaking alarm or theft protection devices.

All We Know

The people involved in a lawsuit have agreed to settle to avoid a long court case and help those affected. There are two types of compensation: a software upgrade and money. Not everyone can get a software upgrade. You can get up to $375 for insurance deductibles and enhanced premiums due to theft coverage following a qualifying theft or attempted theft.

Customers can get up to $250 for each vehicle when purchasing and installing a glass breakage alarm or similar theft protection devices. Owners of specific Kia models in America, including the U.S. Virgin Islands, Puerto Rico, and Guam, can enter to make a claim. Some of the vehicles in the fifty states and the District of Columbia cannot get the software upgrade but are eligible for the money from the fund.

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