Does Car Insurance Cover Theft?

While car insurance will cover theft, not all insurance policies come with this benefit, so it is vital to clear this with your insurer before buying a policy. Ask them about your coverage details before deciding if the policy suits you.

Which Insurance Policy Will Cover A Stolen Car?

You must get comprehensive insurance coverage to be protected if you seek theft coverage. Comprehensive insurance covers damages from circumstances beyond your control, such as a car accident, flood damage, and car theft.

If your car were stolen, comprehensive insurance would provide money for replacement if the car is unrecoverable. The replacement compensation would equal the market value of your stolen vehicle. The market value was your car’s present worth when stolen, not the amount you initially paid. Comprehensive insurance does not cover stolen property inside your car, such as credit cards, a laptop, or a smartphone. You can file a claim with homeowners or renters insurance if these items are stolen.

Insurance Coverage That Does Not Pay For Your Car Theft Claim

Here are policies that don’t provide coverage for your car theft claims:

  • Liability Coverage
  • Collision Insurance
  • Medical Payments Insurance
  • Personal Injury Protection Insurance
  • Uninsured Underinsured Motorist Insurance


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