Home » Infographics » Understanding Auto Loans » Not So Grand Auto Thefts

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Sara Routhier

Sr. Director of Content

Sara Routhier, Managing Editor and Outreach Director, has professional experience as an educator, SEO specialist, and content marketer. She has over five years of experience in the insurance industry. As a researcher, data nerd, writer, and editor she strives to curate educational, enlightening articles that provide you with the must-know facts and best-kept secrets within the overwhelming world o...

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Written by Sara Routhier

Sr. Director of Content

Reviewed by:

Joel Ohman

Founder, CFP®

Joel Ohman is the CEO of a private equity-backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He also has an MBA from the University of South Florida. ...

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Reviewed by Joel Ohman

Founder, CFP®

UPDATED: Jun 29, 2022

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A car is stolen every 40 seconds in the United States.

There were an estimated 794,616 motor vehicle thefts nationwide in 2009, accounting for a total loss of $5.2 billion.

Read More: Understanding Auto Loans

If a consumer with a new auto loan has their car stolen, or gets into an accident, insurance companies will pay for the current market value of the car, but not what a borrower owes a lender. If a driver prepared ahead of time and purchased GAP insurance, that would cover the difference in between the two numbers.

Not all consumers have this coverage though and it can make a big impact, especially for those who drive one of the top five stolen vehicles, as revealed below.

But fortunately, not every auto heist is well-planned either.

Loans.org compiled a top five list of our most entertaining auto heists, ranging from small-town crimes to large multi-million dollar operations.

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