Does Car Insurance Cover Theft? Here’s What You Need to Know

After you have dealt with the initial aftermath of discovering your vehicle has been broken into, your next question might be, “Does car insurance cover theft?” Today, we’re going to answer that question and how the answer varies depending on vehicle theft or items being taken from your vehicle.

Does Car Insurance Cover Theft if Your Vehicle is Broken Into?

First, let’s talk about what kind of coverage you might have if your car is broken into and your property is taken. 

Car insurance does not, in fact, cover theft if your vehicle is broken into and your property is taken. 

Instead, you would rely on your renters insurance or the personal property insurance on your home insurance policy for this coverage.

Another common question we get about what is covered by car insurance has to do with interior damage. Click here to read Is Interior Damage Covered by Car Insurance?

Does Car Insurance Cover Vehicle Theft?

Let’s say that instead of your property being taken from your vehicle, your entire vehicle was stolen. Will insurance cover the cost of repairing or replacing it?

Yes and no: yes, if you have comprehensive coverage in place, and no if you only have the legally required liability insurance.

This is just one reason comprehensive insurance is encouraged for most drivers. In addition to applying to vehicle theft, it can be used to cover the costs associated with damages from vandalism, storms, falling objects, fires, animal damage, and more. 

If you’re interested in learning more about comprehensive car insurance in Colorado, click here to read 3 Things You Need to Know About Comprehensive Coverage.

Find the Right Auto Coverage for Your Needs

Comprehensive insurance is a great option for most drivers, and for truly full coverage car insurance you will want to combine it with collision insurance. The amount and the type of coverage can vary from driver to driver. But rest assured, 1st American Insurance Agency is here for all of your car insurance needs in Longmont. 

Call us today and we will get started on the right policy for you: 303-774-8810