The only car I personally know of being stolen was my mother's 1988 Olds 98 Regency. It had about 250,000 miles on it at the time. It was stolen from her church parking lot. Yes, they caught the kid who did it. He obviously didn't have much sense.
She got the car back after a few days. The steering column was busted up and he smashed out the headlights (the light switch was broken when he tore up the column, so he broke the bulbs to turn off the lights). It cost a couple of hundred or so for everything to be fixed (using parts from a junkyard).
Do you know of any friends or neighbors out there who have had their car stolen? If not, I'd say it's very expensive insurance for piece of mind.
Cheers,
Scott.