
Does Car Insurance Cover Auto Theft?
Vehicle theft can be a significant concern for car owners. Understanding how your auto insurance policy supports you in the event of theft is crucial in helping ensure you’re adequately covered and knowing what to do if your vehicle is stolen.
Understanding Comprehensive Coverage
Your financial safeguard against vehicle theft typically comes from comprehensive coverage, which is separate from your basic liability insurance. While comprehensive coverage isn’t legally required, it offers valuable financial support against theft, vandalism, natural disasters and other noncollision-related incidents.
What’s Covered Under Comprehensive Coverage?
When your car is financially shielded by comprehensive coverage, your policy typically covers:
- Complete vehicle theft—If your entire vehicle is stolen, your insurance may help replace your car up to its actual cash value minus your deductible.
- Stolen vehicle parts—Coverage may extend to stolen components like catalytic converters, airbags and expensive audio systems that were factory-installed.
- Damage during theft—Any damage thieves cause to your vehicle during the theft attempt, such as broken windows or damaged locks, is typically covered.
- Personal belongings—It’s important to note that items stolen from your car (like laptops or phones) are usually covered by your homeowners or renters insurance, not your auto policy.
Steps to Take if Your Vehicle Is Stolen
The following are five general steps to take in the event of auto theft:
- File a police report immediately.
2. Contact your insurance company.
3. Gather important documents, including your vehicle identification number.
4. Document when and where you last saw your vehicle.
5. Provide a list of any personal items that were in the car.
Preventing Auto Theft
Insurance companies often offer discounts for vehicles equipped with anti-theft devices. Consider installing:
- Vehicle tracking systems—GPS tracking devices can help locate your vehicle if it’s stolen.
- Engine immobilizers—These prevent thieves from hot-wiring your vehicle.
- Visual deterrents—Steering wheel locks and other visible security devices can discourage theft attempts.
Learn More
Contact Rana Insurance in Ontario, California, to review your auto insurance coverage and make sure you’re covered against vehicle theft. Our team can help you understand your current coverage and recommend additional protection if needed.
This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.
Categories: Auto Insurance