Comprehensive insurance covers stolen cars; however liability and collision coverage don't. Add this coverage to your auto insurance policy to get protection from car theft and be eligible to make a claim.
You can't make a claim for a stolen car with collision or liability coverage. The only auto policy that covers the theft of your vehicle is comprehensive insurance.
If you only have your state's minimum coverage, you're not protected. Upgrade to full coverage or add comprehensive insurance as an additional policy to have protection from car theft.
Comprehensive coverage includes many surprise events, including:
Civil disobedience: Someone breaks the law and vandalizes or steals your car.
Explosions and fire: Damage caused by flames and explosions are covered.
Damage from animals: An animal runs into your car.
Falling objects: An object falls onto your vehicle (e.g., tree branch or pole).
Glass damage: Broken or cracked windows
Natural disasters: Severe natural events such as hurricanes, earthquakes, and floods.
Terrorism: Damage resulting from a terrorist attack.
Weather-related incidents: Damage caused by hail, heavy rain, or any other extreme weather
The average cost for comprehensive coverage and liability coverage is $121 a month.
Purchase full coverage (comprehensive, liability, and collision insurance) to get even more protection.
Progressive provides you with full insurance for an average of $2,393 per year. Contact Progressive to get your quote, today!
Follow these 5 steps to make your stolen vehicle claim:
If your claim is made, the 30 days are up, and there's still no trace of your car, your insurance company files a total loss claim. You're required to speak with your insurance adjuster about the current market value of your vehicle.
Once this amount is agreed upon, you sign over your title and receive your insurance payout, minus your deductible. If you've got a lienholder, get them to sign off the title to your insurance provider.
Unfortunately, the amount you're reimbursed is not a penny over what your car is worth, so don't expect an upgrade.
Your title's owned by your insurance company, so if your car's recovered, it belongs to your insurer.
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