Home » Is Car Theft Covered by Insurance? 
November 17, 2023

Is Car Theft Covered by Insurance? 

person driving Mercedes-Benz car during daytimeThe security of our vehicles is a top concern for many car owners. But what happens if your vehicle is stolen? Does insurance cover car theft? The agents at Strawn & Co. Insurance can help you understand how theft coverage works and how you can protect your financial stability if your car is stolen.

Understanding Vehicle Theft Insurance

Your auto insurance policy plays a vital role when protecting your vehicle from theft.

Car theft is typically covered under the comprehensive coverage section of your auto insurance policy. Comprehensive coverage may help protect your vehicle from various non-collision-related incidents, including theft.

Comprehensive coverage generally covers the theft of your entire vehicle and any permanently attached equipment or accessories. So, if your car is stolen, replacing it is usually covered according to your insurance policy’s terms.

Anti-theft Device Discounts

Some insurance providers may offer discounts on your premium if your vehicle has anti-theft devices, such as alarms, immobilizers or tracking systems. These measures not only help protect your car from theft but can also reduce your insurance costs.

Actual Cash Value vs. Replacement Cost

It’s crucial to understand whether your policy covers the actual cash value (ACV) or the replacement cost of your stolen vehicle. ACV considers depreciation, while replacement cost coverage provides the amount needed to replace your stolen car with a new one of a similar make and model.


Like other insurance coverages, comprehensive coverage typically comes with a deductible. You’ll need to pay this deductible out of pocket before your insurance kicks in to cover the remaining costs. Choosing a higher deductible can lower your premium, but it also means you’ll pay more in case of theft.

Reporting a Theft

In the unfortunate event of a car theft, you must report it to the police immediately and inform your insurance provider as soon as possible. Be prepared to provide all necessary information and documentation to facilitate the claims process.

Policy Variations

Remember that policies may vary, so it’s essential to review your specific policy to understand the extent of your theft coverage and any limitations or exclusions that may apply.

How to Get Auto Theft Protection

To ensure your vehicle is financially protected against theft, consult with your insurance agent and consider any additional anti-theft measures that both enhance security and reduce your insurance premiums. Contact Strawn & Co in McDonough, Georgia, to learn about car insurance theft protection and get a personalized quote.

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.



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