Is Car Insurance Money Taxable? 
That is a great question ! Generally speaking , if you are in an accident , or your car is stolen and the insurance company sends you a check for the costs , that money is n't taxable . Since you are making payments for the insurance coverage , the settlement is seen as reimbursement for your expenses . That said , if you are listing the car insurance as a business expense , then there may be a tax liability . I hope that helps . Thanks for asking ! 