Catalytic Converter Theft? What is Going On?

January 20, 2022

Does My Car Insurance Cover It?!

Last year, our agency became aware of the catalytic converter theft problem when a client called to report that someone had “cut their exhaust pipe off”.

After submitting the claim to the insurance company, we learned that there is a rash of these occurrences occurring around the country and recently happening in our area.

Catalytic converters are part of a car’s exhaust system. They are designed to reduce emissions and contain expensive precious metals such as platinum, palladium, or rhodium.

The National Insurance Crime Bureau reports that catalytic converter theft soared from 282 a month in 2019 to 1,203 in 2020. The latter part of 2020 saw thefts increase above 2,000 per month.

Removing a catalytic converter takes only a few minutes with the right tools.

Unfortunately for the victim, the repair cost can cost between $1,000 and $3,000.

Measures to combat this crime involves can include:

Park in a garage or secure parking area.

Install bright, motion sensor lights to discourage thieves.

Always lock your vehicle and set an alarm.

Install an anti-theft device.

Numerous states, including New York, have introduced legislation to combat this crime.

Normally, catalytic converter theft is covered under the optional comprehensive coverage after the applicable deductible.

If you have any questions, don’t hesitate to contact our agency for answers.

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