Recent Automobile Theft Report Reinforces the Need for Comprehensive and Gap Coverage

The first thing that clients think of when buying a vehicle usually isn’t how often that type of car gets stolen or the additional protection they will need to protect against theft. Based on a report released in May by the National Insurance Crime Bureau (NICB), it turns out that those factors should be taken into account (especially if you are buying a Ford).
The NICB report surveyed the 2011, 2012 and 2013 thefts of sport utility vehicles (SUVs) and crossover utility vehicles (CUVs), revealing CUV Fords as being the 3 most stolen vehicles. Of the 21,711 total SUVs/CUVs that were reported stolen within the three year period, here is the breakdown by top 5 models:

  1. Ford Escape (1,421)
  2. Ford Edge (1,140)
  3. Ford Explorer (958)
  4. Jeep Grand Cherokee (912)
  5. Kia Sorento (725)

California led the way with 3,531 cars stolen, with Florida (1,897) and Michigan (1,834) rounding out the top three states.
From an insurance standpoint, there are two types of auto coverage that would protect you in the event of a theft:

  • Comprehensive Coverage: Covers the actual theft of the vehicle and allows for a replacement if the car is unrecovered
  • Gap Coverage: Covers the gap between what the car is worth and what is still owed on the car loan.

Since liability, collision and comprehensive coverage only cover what the vehicle is worth, it is important to consider purchasing Gap Coverage when making a new car purchase. According to, a vehicle’s value can decline as much as 30 percent within three months of purchase, further strengthening the need for Gap Coverage.

Rob Barricklow- 3

About the Author

Rob Barricklow has over 10 years of experience assisting clients with Home, Auto and Life Insurance needs. Prior to joining Invincia in 2012, he worked at Liberty Mutual as a Personal Insurance Agent. He is more than happy to answer any questions you may have and can be contacted at or 804-751-0600.

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