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Yes, unless you have financed the vehicle and have a Gap protection policy on the contract. The Gap protection will cover the difference between what your insurance company settles with you and what your payoff might be (there's often a "GAP" between the two). All this of course happens once the vehicle has been determined to be a total loss either by accident or being stolen.

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Q: If someone steals your car do you have to still pay the note?
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Related questions

If someone were to take over my car note still in my name would there be any type of way that my debt to income ratio not reflect the car note?

If your name will still be on the note, then your debt to income ration will still reflect on the car note. There is no way around this is you will still be a signer on the note.

If someone steals your car and wrecks it can you license be suspended?

it can if they find that you lied about your car being stolen.

What to do if someone steals your car and forges your name to title bill of sale?

call the police.

Are there any car alarms that automatically contact police?

If your alarm is connected to OnStar, police will be notified if someone steals your car.

If someone has a keyless car can they still break into it?

If someone has a keyless car, it can still be broken into.

Are you allowed to load up your car when you ship it on a auto transport?

Only if you don't mind, if someone steals your stuff!!

How can a person file a report of a car being stolen that they don't have ownership of?

If your friend is gone on a vacation or is somewhere and needs their car to be watched and someone steals it when their gone and your friend is to far away to file it stolen, you need to file it stole. You had no ownership of the car but you still filed it stolen

Who steals Harold's car in Harold and Kumar go to White Castle?

Neil Patrick Harris steals the car.

What does hotwire mean?

Hot-wire is a word that means to start a car without using the ignition. This is often used to describe what is done when someone steals a car.

What is a meaning for dispossessed?

Dispossessed, means to loose possessions, or your home. For example, if a person is evicted out of their apartment, they are dispossessed. If someone steals your car, you are considered dispossessed of your car.

After drugs are found in car who gets to car?

The police often keep the car and sell it at auction.

What color sports car does Alice steals in Italy?

She steals a Yellow Porsche 911 Turbo