Does Insurance Cover Stolen Car With Keys In It – Updated on September 27, 2023 | 0 min. Read | By Alison ChanAlison is an SEO analyst with experience covering auto insurance topics.

Basic auto insurance does not cover car theft unless you have comprehensive car insurance. However, you need to make sure that you are taking the right steps and even after your car is stolen.

Does Insurance Cover Stolen Car With Keys In It

Does Insurance Cover Stolen Car With Keys In It

In the event of an auto theft, you should have comprehensive coverage as part of your auto insurance policy if you expect to replace the stolen car.

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Filing a claim for a stolen car is a long process. Completing a police report and claim with your auto insurance provider requires a lot of documentation and some back and forth.

If your car is stolen, think of getting paid for a new car as a two-step process. First comes the police report, then comes the car insurance claim. Additionally, if you are leasing or financing a car, contact your lessor or lender as soon as possible.

After confirming that your car has been stolen, call 911 and file a police report immediately. The sooner authorities start looking for the car, the more likely they are to find it.

We recommend that you always have up-to-date photos of your car on your phone in case of an emergency such as theft. This will speed up the process of identifying your vehicle.

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If a stolen car has a GPS system, notify the police and your insurance company. Before you hang up, make sure you get the police report number and contact phone number for your auto insurance company’s reference. The police can contact someone in the company for you and get the ball rolling on the matter. If they don’t, make the phone call yourself.

This step is especially important if you have comprehensive coverage. Because it is the only form of car insurance that covers damaged or stolen vehicles.

Auto insurers usually have online systems to quickly file claims, but it’s recommended that you call and speak to your own dedicated agent. This way you can immediately answer any questions they have and reduce the amount of back and forth in an already time-sensitive situation.

Does Insurance Cover Stolen Car With Keys In It

Your car insurance provider may need additional information such as the location of all vehicle keys and contact information for anyone who has access to your car. It’s the insurer’s job to be thorough in recovering your car to avoid paying a claim and avoid the hassle of buying a replacement car, so be as helpful as you can.

Vehicles Stolen With Keys Left Inside On The Rise

Likewise, expect some in-depth questions when you file your claim. Fraudulent auto theft claims do happen, and this makes insurers nervous about auto theft claims. Be as direct as possible with your insurer and answer their questions as fully as possible.

Make sure the information you provide to the police and your insurer is the same as any inconsistencies can cause problems in the claims process.

If personal property, including your car, has been stolen, you should contact your homeowners or renters insurance company. It may sound odd, but items left in your car at the time of theft are not covered by your auto insurance. The personal property section of your homeowners or renters insurance policy should cover your stolen items.

Auto insurance will not help you deal with this part of the crime. So if you don’t have a renters or homeowners policy, you’ll need to replace your belongings with your own money.

Major Insurance Companies Are Refusing To Cover Hyundai And Kias Because They’re Stolen Too Much

You should only follow this advice if you leave any personal items — or items containing personal information — in your car.

For example, many people keep their insurance card or registration document in the glove compartment. Even more people leave receipts or paycheck stubs sitting on the dashboard.

Imagine the police never finding your vehicle. Your insurance company won’t declare it as lost for at least 30 days. If you pass that deadline and your car is still MIA, your insurer will pay you its current market value – assuming you have comprehensive car insurance.

Does Insurance Cover Stolen Car With Keys In It

And what if your car finds its way back to you? Again, if you have the right type of coverage, your insurance company will reimburse you for any damage.

Does My Car Insurance Cover My Personal Items?

Another thing to keep in mind: You still have to pay your deductible no matter how things are resolved.

If your car is found, what happens next depends on the situation. If the car is repossessed, your auto insurance company will see if it can repair any damage and cover the cost of repairs up to your comprehensive coverage limits. If the car cannot be repaired when found, they will pay you the actual cash value of your deductible.

If your claim is paid before the car is recovered, it depends on your auto insurance company. They may take ownership of the car to recover their costs or you may have to return the claim payment.

As soon as you get your car back, you should inspect it for any damage or items that are not yours.

Progressive Reportedly Won’t Insure Some Kias And Hyundais Because They’re Too Easy To Steal

Legal minimum auto insurance policies will not cover you if your car is stolen. Basic car insurance only covers liability, which pays out in the event that you are at fault for injuries or property damage caused by a car accident. Car theft falls outside these criteria. To get coverage in case your car is stolen, you need to buy comprehensive coverage.

Comprehensive coverage is a type of car insurance that you can purchase as an add-on to your policy. Comprehensive coverage provides protection against theft or damage to your car caused by incidents other than collision. These risks include:

The cost of comprehensive coverage varies among insurance companies. If you leased a car or you bought it through a lender, your lender may require you to purchase comprehensive coverage to protect their investment.

Does Insurance Cover Stolen Car With Keys In It

Most car insurance providers usually have a waiting period of 30 days before they cover the car as a total loss. It is a good idea to add rental car reimbursement to your auto insurance policy for situations like this. A basic car insurance policy does not cover rental car expenses during the waiting period.

Help! I Think My Car Has Been Stolen

If your car is considered non-retrievable, your auto insurance provider will pay on your claim at the actual cash value (ACV) of your car. This means payment is based on the current market value of the vehicle, minus any depreciation due to age. Your auto insurer will cut you a check for the ACV amount, regardless of your auto insurance deductible. If you’re leasing or financing an automobile, the payment goes to your lessor or lender.

If you lease or go through a lender to buy your car, seriously consider investing in gap insurance. Gap insurance covers the difference between your comprehensive coverage limit and how much is owed on the stolen car. Ask your car insurance company about the cost of gap insurance when you buy comprehensive coverage.

It depends on where you bought your policy. It also depends on your claims history. The more you claim for your at-fault incident, the more likely your insurer will raise your premium.

In the event of an auto theft, you should have comprehensive coverage as part of your auto insurance policy if you expect to replace the stolen car. A basic auto insurance policy primarily provides liability insurance, which does not cover car theft. Comprehensive coverage is available as an add-on to your auto insurance policy in case of misfortune. Comprehensive coverage is usually required for a financed car.

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Filing a claim for a stolen car is a long process. Completing a police report and making a claim with your auto insurance provider requires a lot of documentation and some back and forth. Also, remember that your car insurance provider pays for a new vehicle based on what the stolen car was worth at the time of the theft, not what you paid for it.

LLC has made every effort to ensure that the information on this site is correct, but we cannot guarantee that it will not contain mistakes, errors or omissions. ALL CONTENT AND SERVICES PROVIDED ON OR THROUGH THIS SITE ARE PROVIDED “AS IS” AND “AS AVAILABLE” FOR USE. LLC MAKES NO REPRESENTATIONS OR WARRANTIES REGARDING THE OPERATION OF THIS SITE OR THE INFORMATION, CONTENT, MATERIALS OR PRODUCTS INCLUDED ON THIS SITE. YOU EXPRESSLY AGREE THAT YOUR USE OF THIS SITE IS AT YOUR SOLE RISK. Having the right car insurance coverage is important. You want it to be able to take care of a variety of problems that may come up. “Does car insurance cover theft?” You may wonder. If you have the right car insurance coverage, it will cover theft. On the flip side, if you only have the minimum amount of car insurance required in your state, you will

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