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Hyundai and KIA Settlement 2024: Deadlines, Compensation Details, and Claim Process Unveiled

Hyundai and KIA Settlement

If you own a KIA or Hyundai vehicle made between 2011 and 2022, you might be affected by a class action settlement. This settlement addresses a serious issue: the absence of an engine immobilizer in certain models. This security feature is crucial for preventing vehicle theft. Without it, these vehicles have become more susceptible to theft, especially after how-to videos on platforms like TikTok showed ways to bypass ignition systems.

In response to these issues, Hyundai and KIA have agreed to a settlement fund ranging from $80 million to $145 million. This fund will help cover theft-related losses and provide upgrades to enhance vehicle security.

Eligibility and Claim Process

To be eligible for the Hyundai and KIA Vehicle Theft Settlement, you must own or lease one of the affected models in the United States, including Puerto Rico, the U.S. Virgin Islands, and Guam. The eligible models are:

  • KIA Forte (2011-2021)
  • KIA K5 (2021-2022)
  • KIA Optima (2011-2020)
  • KIA Rio (2012-2021)
  • KIA Sedona (2011-2021)
  • KIA Seltos (2021-2022)
  • KIA Sorento (2011-2022)
  • KIA Soul (2020-2022)
  • KIA Sportage (2011-2022)

Claim Submission Process

Here’s how you can file a claim:

  1. Check Vehicle Eligibility: Visit the official settlement website and enter your Vehicle Identification Number (VIN) to see if your vehicle is covered by the settlement.
  2. Gather Required Documentation:
    • Proof of ownership or lease.
    • Documentation of any theft or attempted theft.
    • Receipts or invoices for theft-related expenses, including insurance deductibles and replacement costs for stolen items.
  3. Fill Out the Claim Form: Obtain the claim form from the settlement website or request a paper form from the claims administrator. Complete the form accurately, including all required information and documentation.
  4. Submit the Claim Form: Submit your completed claim form online through the settlement website or mail it to the designated address.

Settlement Timeline

Here’s a summary of important dates for the settlement:

EventDateDescription
Lawsuit Filed2022Initial lawsuit filed over missing engine immobilizers.
Preliminary Settlement AgreementMid-2023Agreement reached on settlement terms.
Preliminary Approval by CourtLate 2023Court grants preliminary approval for settlement.
Exclusion/Opt-Out and Objection DeadlineMay 3, 2024Last date to exclude yourself or object to the settlement.
Final Approval HearingJuly 15, 2024Court hearing for final approval of the settlement.
Claim Submission DeadlineJanuary 11, 2025Final date to submit claims.
Claims Processing and DistributionPost-January 2025Claims processing and distribution of benefits begin.

Compensation Details

The settlement provides various forms of compensation for affected vehicle owners:

  • Compensation for Theft or Attempted Theft:
    • Up to 60% of the vehicle’s Black Book value if it is completely lost due to theft.
    • Up to $3,375 or 33% of damage costs from theft or attempted theft, including stolen personal property.
  • Reimbursements for Additional Expenses:
    • Up to $375 for insurance deductibles due to theft.
    • Coverage for increased insurance premiums resulting from theft claims.
    • Up to $250 for expenses such as transportation and towing.
    • Up to $250 total for lost income and childcare expenses due to theft-related issues.
  • Software Upgrades and Key Fobs:
    • Free software upgrade for better vehicle anti-theft security.
    • Reimbursement for up to two OEM-issued key fobs, capped at $350 per key fob.
  • Anti-Theft Device Installation:
    • Reimbursement for anti-theft devices such as steering wheel locks, up to $300 per vehicle if purchased before the software upgrade.

The Hyundai and KIA settlement provides financial relief and security upgrades for affected vehicle owners. If you meet the eligibility criteria, make sure to follow the claim process and submit your application by the deadlines to receive your compensation and security enhancements.

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FAQ’s

What is the Hyundai and KIA class action settlement?

The settlement addresses theft issues in certain Hyundai and KIA models lacking engine immobilizers. It provides compensation for theft-related losses and security upgrades.

How can I check if my vehicle is eligible?

Visit the settlement website and enter your Vehicle Identification Number (VIN) to see if your vehicle qualifies for the settlement.

What compensation can I receive?

You can get reimbursement for theft losses, insurance deductibles, increased premiums, and expenses. There are also free security software upgrades and key fob reimbursements.

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