Is it permissible to claim compensation for material loss from an insurance company by falsely reporting a damaged car as stolen, knowing that the car was purchased with a loan from a Muslim?

If one buys a defective item, he has the right to return the merchandise and get a refund, or to take the difference in price. Commercial insurance is forbidden (haram). If one is forced to partake in it, he is only entitled to receive back the premiums he paid from the insurance amount. It is not permissible to lie and claim the car was stolen to take what is not rightfully one's own, and a Muslim does not cheat or steal.