Does Auto Insurance Cover Car Theft? 

Auto insurance policies typically offer different types of coverage, each designed to protect against specific risks. Here are the main types of coverage relevant to car theft:

• Comprehensive coverage—This type of coverage is specifically designed to protect against non-collision-related incidents, including theft. If your car is stolen, comprehensive coverage may help pay for the replacement or repair of your vehicle.

• Liability coverage—This is mandatory in most states and may cover damages you cause to others in an accident. However, it does not cover theft or damage to your own vehicle.

• Collision coverage—This may help cover damage to your car resulting from a collision with another vehicle or object. Like liability coverage, it does not cover theft.

Factors Affecting Theft Coverage

Comprehensive coverage usually comes with a deductible, which is the amount you must pay out of pocket before your insurance kicks in. Higher deductibles can lower your premium but increase your out-of-pocket costs in the event of a theft.

Some policies may have exclusions or limitations on theft coverage. It’s essential to read your policy carefully and understand any restrictions. Your agent can help you understand your current auto insurance coverage and make necessary adjustments.

Preventing Car Theft

While insurance can provide financial protection, taking preventive measures can reduce the risk of your car being stolen.

Devices such as alarms, steering wheel locks, and GPS trackers can deter thieves and may help you qualify for insurance discounts. Ask your agent about anti-theft devices that may trigger car insurance discounts.

Contact Us

Comprehensive auto insurance coverage is your best bet to help protect against the financial ramifications of auto theft. Contact Xpress Insurance in San Antonio, Texas, for a personalized auto insurance 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.