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Online Auto Insurance Advice

Online Auto Insurance operates a website called OnlineAutoInsurance.com, where a helpful new FAQ on getting financial protection against vehicle theft has just been posted. Unfortunately, over 700,000 cars were stolen in the US in 2010 alone. There aren't any statistics for how many auto thefts are covered by insurance policies, but it's a good bet that not all of them were covered.

The reason is that theft is typically only covered by comprehensive policies, and that level of coverage is not required by any US state. Many companies providing auto loans require that drivers obtain comprehensive coverage, but once the vehicle loans are paid off then the owners can drop the coverage at any time. In the case of many older vehicles, it may not be cost effective to purchase comprehensive coverage.