Does Car Insurance Cover a Stolen Car?

Comprehensive car insurance covers a stolen car and pays its actual cash value, minus your deductible.

By the Home & Dime Editorial Team · Last updated 2026

How the payout works

Insurers pay the car’s market value at the time of theft. If you owe more, gap insurance covers the difference.

The process

1. File a police report.
2. Notify your insurer.
3. If not recovered, you’re paid ACV minus deductible.

Frequently asked questions

What if it’s found damaged?

Comprehensive covers repairs.

Owe more than it’s worth?

Only gap insurance covers that.

The bottom line

Comprehensive makes you whole at cash value — add gap insurance if you’re financing.

Related guides

• Does Car Insurance Cover Theft From a Car?

Sources: Insurance Information Institute (iii.org); Consumer Financial Protection Bureau; FEMA; state Departments of Insurance. General information, not insurance advice.