How many catalytic converters were stolen last year?

In 2018, the New York City Police Department said 200 catalytic converters were reported stolen. Last year, the number spiked to nearly 4,000. David Glawe of the National Insurance Crime Bureau says the thefts accelerated during the COVID-19 pandemic because of the rare precious metals inside catalytic converters.

How many catalytic converters get stolen each year?

According to the National Insurance Crime Bureau, which tracks crimes reported to insurance companies, the number of reported catalytic converter thefts increased from roughly 1,300 in 2018 to more than 52,000 in 2021, the most recent year for which data is available. That's an increase of roughly 1,215% from 2019.

How many catalytic converters have been stolen?

CALIFORNIA RANKED #1 IN CATALYTIC CONVERTER THEFTS

On the Central Coast, there were more than 1,000 catalytic converters reported stolen in 2021 alone and hundreds more in 2022 so far.

Which cars are most likely to have catalytic converter stolen?

Is it common for catalytic converters to be stolen?

In 2018, there were 1,298 catalytic converter thefts for which a claim was filed. In 2019, it was 3,389 thefts with a claim. In 2020, catalytic converter theft claims jumped massively to 14,433, a 325% increase in a single year.

Understanding the wave of catalytic converter thefts

How do I protect my car from catalytic converter theft?

Does insurance cover stolen catalytic converters?

Is a stolen catalytic converter covered by insurance? If you have comprehensive coverage on your auto insurance policy, then you're typically covered against catalytic converter theft. Comprehensive coverage will typically pay to replace the stolen catalytic converter and repair any related damage from its removal.

What vehicles have the most valuable catalytic converters?

According to data from 2020, the most expensive catalytic converter belonged to the Ferrari F430, with a mind-popping $3,770.00 price tag. Moreover, the F430 needed two of them, so a full replacement would run car owners $7,540 before labor costs.

How much is a stolen catalytic converter worth?

Thieves can make anywhere from $25 to $300 for a standard catalytic converter, and ones from hybrid vehicles can sell for up to $1,400. These parts are also relatively easy to access from under the vehicle.

Why are Toyota catalytic converters stolen?

Currently, Prius is being targeted because catalytic converters of hybrids need more of the precious metals to work properly because they don't get as hot as those installed on conventional vehicles, since the combustion engines of hybrids only run part of the time.

How much do criminals get for a catalytic converter?

Thanks to the increasing prices of the precious metals used in the production — i.e, platinum, rhodium and palladium — an ill-gotten catalytic converter can “typically” fetch between $50 and $250 when sold to an unscrupulous recycling facility, according to the National Insurance Crime Bureau (NICB).

Why are people stealing catalytic converters right now?

Why are people stealing them? Thieves target catalytic converters because of the value of the metals found inside the devices. Catalytic converters are typically made up of three precious metals: platinum, palladium and rhodium. The value of all three metals have risen sharply in price in the last decade.

Why do thieves want to steal catalytic converters?

According to multiple sources, money is the main motivation for people stealing catalytic converters. According to NJ.com, they have precious metals like platinum and rhodium in them that have value on the black market. Cars.com also mention that the devices have palladium.

Which state has the most catalytic converters stolen?

New data shows California is ranked number one in catalytic converter thefts. New numbers on the high cost of stolen catalytic converters. A report released by State Farm Insurance shows that residents in our state have been hit harder than any other state, making California number one in thefts.

How long does it take to replace stolen catalytic converter?

Experienced thieves can remove a catalytic converter in one to two minutes using basic tools. What can net a thief hundreds of dollars at a scrapyard or recycler can then cost you thousands of dollars to replace, depending on the make and model of your vehicle.

How do thieves sell stolen catalytic converters?

Thieves target vehicles like Toyotas, Fords and Hyundais getting under the car to cut the catalytic converters, sometimes in less than a minute. The converters are then sold to junkyards and scrap yards for a couple of hundred dollars. For you to replace it though can cost over $2,000.

How much is a Dodge catalytic converter worth?

This guide was updated: 2022-06-13. Used catalytic converter dodge ram 1500 sold eBay prices are $591. New current listings averaged $-443 lower vs used current listings for a difference of -57.68%. On Amazon, the average price is: $324 for the first 10 product results.

How much is a catalytic converter worth on the black market?

According to The Pew Charitable Trusts, a global non-profit organization with a focus in public policy, criminals typically sell stolen catalytic converters for $50-$500 to internet buyers or scrapyards.

How much does it cost to replace a catalytic converter?

Catalytic converter replacement isn't cheap. For most vehicles, the average cost of a catalytic converter repair is between $945 and $2475 including parts and labor. The catalytic converter cost itself can be up to $2250 of that. That might be close to your car's value or more!

What does it sound like when your catalytic converter is stolen?

In summary, here are the key symptoms that your catalytic converter has been removed: Loud roar when you start the car, louder as you accelerate. Increase in exhaust fumes, or unusual exhaust smells. Missing parts under vehicle leading to muffler.

What do they do with stolen catalytic converters?

Stealing a catalytic converter is easy: Thieves slide under the car and slice through the exhaust system using a battery-powered saw in 30 seconds to a minute, Glawe says. They then sell the part to a scrap metal yard for between $150 to $300.

How much gold is in a catalytic converter?

Catalytic converters contain Platinum, Rhodium and Palladium. However, there is no gold in catalytic converters.

How much is a stolen Prius catalytic converter worth?

Hybrids require catalytic converters with a higher concentration of precious metals than those found on gasoline-only cars. The HLDI notes that the converter from a 2007 Prius is selling for about $1,022 today, compared to just $143 for the converter used a Ford F-150 from the same year.

How much is a Prius catalytic converter worth scrap?

Best Covid-19 Travel Insurance Plans. For example, the recent scrap price for a catalytic converter used in the 2004-09 second-generation Prius 1.5 was $1,022, according to AutoCatalystMarket.com.