Slashed tires are covered by comprehensive insurance. However, comprehensive insurance is optional, so that means you must have added this type of coverage to your policy to have your insurer pay to replace the slashed tires.

Also, bear in mind that comprehensive comes with a deductible, which is the amount you must pay before your insurance kicks in to cover the cost of replacement. Unless the cost to replace your slashed tires is several hundred dollars more than your deductible, it doesn’t make sense to file a claim.

For example, if you have two tires slashed, and each costs $175 to replace, the total claim would be for $350. If you have a comprehensive deductible of $500, you would wind up paying for the replacement anyway because the deductible amount exceed the repair cost.

Key Highlights
  • Comprehensive insurance replaces slashed tires on vehicles that have this type of insurance on their policy. But drivers must pay the deductible before this type of insurance kicks in.
  • Insurers are only required to pay for the depreciated value of the tires to return things to the condition they were in before the damage occurred.
  • Comprehensive insurance is affordable at less than $200/year on average – and it also pays up to the actual cash value of the card if it’s stolen, vandalized, or damaged due to flooding, fire, hail and collisions with animals.

Does car insurance cover slashed tires and replace them with new ones?

Your comprehensive insurance will cover new tires, but it’s possible that your insurance company may only pay for the depreciated value of the tires that were slashed. So, the bottom line is you get new tires, but your insurer only pays out for the amount of what it would have cost to replace them with tires of equal wear and tear.

Typically, you can’t receive “betterment” due to an auto insurance claim. The intention of the insurance policy is to return things to the way they were before the loss or damage occurred. Sometimes, when items are repaired or replaced the policyholder will end up with something that is better than it was before the loss. This is defined as betterment.

To return your vehicle to the way it was before your tires were slashed would technically mean replacing the tires with ones that had the same mileage and wear and tear on them — or returning the vehicle to its state before the damage occurred. But it is doubtful that you would want used tires as replacements.

What this means is the insurance company will likely take into consideration the mileage as well as the wear and tear of the tires that were slashed and may require you to pay the difference between what they were worth and the price of new tires. So you get the depreciated value of the tire instead of the cost of new tires many times with insurance providers when you make this type of claim.

The good news is that comprehensive insurance is super affordable, just about $190 a year, based on a rate analysis. And, in addition to covering slashed tires, comprehensive insurance also pays, up to the actual cash value of your vehicle, to replace your car if it’s stolen and pays for damage due to animal collisions, flooding, fire, hail and vandalism.

Does insurance cover three slashed tires?

Yes, your comprehensive coverage will cover three slashed tires, or any amount of slashed tires, whether it is one or four. It is a popular misconception that insurance companies won’t cover three slashed tires, that it would have to be all four for the car owner to file a claim. But that’s not true.

Related Articles & Guides