Every year, hundreds of thousands of cars are stolen across the U.S. costly, stressful ordeal for vehicle owners. The good news: car insurance can help protect you if theft happens, but you'll need the right coverage and to follow the right steps.
Car insurance theft coverage is only available through comprehensive auto insurance policies. If your car is stolen or damaged during a theft attempt, comprehensive coverage pays for the loss up to your vehicle's actual cash value, minus your deductible. Liability or collision coverage alone will not protect you against theft, even in California.
Payouts for theft claims typically take 30-45 days, but factors like police investigation, vehicle recovery, and policy details can extend the timeline.
If your car is recovered after the claim, insurers may keep the vehicle and auction it, sharing proceeds minus the deductible and salvage value.
Taking preventive steps can reduce your risk and sometimes lower your premium:
Over 850,000 vehicles were stolen in the U.S. in 2024, a car stolen every 37 seconds. Summer months see the most thefts, with California consistently ranking high on theft rates.
Don't wait until it's too late! Reach out to John E. Peakes Insurance Agency today for a FREE policy review. Our team will help you assess your coverage and provide customized solutions to shield your vehicle against theft and break-ins. Call now at 1-800-800-5199, or contact us today to get in touch with our Ventura or Lancaster offices for expert, hassle-free assistance!
No, you must have comprehensive coverage for car insurance theft coverage.
You’ll need a copy of your police report, policy details, and vehicle information (VIN, plate, make/model).
Custom parts installed by the manufacturer may be covered; check your policy for specifics
Insurers pay the actual cash value (ACV) of your car minus your deductible.
