Is Car Theft Covered By Auto Insurance?

As a car owner, one of the last things that you want to happen to your car is accidents that can result in costly repair fees. As such, comprehensive car insurance is extremely important when it comes to insuring yourself against elements outside of your control. Car insurance is almost always mandatory in the majority of the world, and 49 out of 50 states in America do require drivers to always have an active insurance policy.

However, apart from damages, another similar real threat is car theft. Do auto insurance cover stolen cars? Read on to learn more about whether or not car theft is covered by auto insurance.


Coverage Required for Insurance on Car Theft

Auto insurance policies vary across different insurance companies, and different policies cover different types of damages and mishaps that can occur to your car. Insurance coverages are often split into three categories:

  • Liability Insurance: Liability insurance is the minimum insurance coverage a driver is required to have, and they do not cover car theft. Instead, liability insurance only covers you for causing damage to others’ property, cars, and drivers. 
  • Collision Insurance: Collision insurance helps to cover the costs of repairing your vehicle when you become involved in an accident. Unfortunately, collision insurance is also not enough to cover the unfortunate event of vehicle theft.
  • Comprehensive Car Insurance: Comprehensive car insurance is an optional add-on to many insurance policies, and they aren’t required by law for drivers to possess. If your insurance policy has the option of adding comprehensive insurance, then you will be able to subscribe to the add-on and file for claims of vehicle theft. Apart from covering against car theft, comprehensive car insurance also covers almost anything that can be described as “God’s work”, such as damage caused by wild animals, or even a wild baseball crashing into your windshield.

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What to Do When Your Vehicle Is Stolen

For a smooth claim experience, it is imperative to respond immediately when your car is stolen. When you realize your car might have been stolen, first confirm that the car is indeed stolen and not parked elsewhere or repossessed, which can happen if you happen to be behind in car payments.

After confirming that your vehicle is stolen, quickly file a police report. The police will add your vehicle’s information to databases, making it difficult for perpetrators to sell your vehicle. Lastly, start filing for your insurance claim. Insurance claims for car theft will require quite a several information, such as the vehicle’s certificate of title, the contact information of everyone who has access to the car, and other details related to the theft.