Car theft is a costly misfortune. Does car insurance cover theft? It depends. Keep reading to learn how to add theft protection to your auto insurance policy to cover expenses if your car is broken into or stolen.
How Common is Car Theft?
Car theft happens in every state. In 2020, Colorado saw the highest rates of auto theft–nearly 525 thefts for every 100,000 inhabitants. Vermont had the lowest theft rate, at 42.4 for every 100,000 residents. Still, auto theft is prevalent whether you live in a state at the high end or low end of the spectrum.
Fortunately, there are ways to minimize your risk of car theft. Some tips we recommend for helping to prevent car theft include:
- Always take your keys out of your vehicle when you’re not using them
- Remember to lock your doors
- Close your windows fully
- Park in well-lit areas and near other cars, if possible
- Install or activate an anti-theft device
- Keep any valuable items out of sight (and out of your car altogether when possible)
Should you still become a victim of this crime, it’s essential to know your options for protecting yourself financially if someone steals your vehicle.