Artistic Operations // ShutterstockWhat happens when your car is stolen and then found? Step 1: File a Police Report ImmediatelyAs soon as you confirm your car is not just misplaced, call the police to file a stolen vehicle report. What Happens When Your Stolen Car is Recovered? Recovery After Insurance PayoutIf your insurance company has already paid you for the stolen car, they now legally own the vehicle. If you had your car stolen in an area with a high rate of auto theft, your rates may increase to reflect that risk.