How much money do thieves get for stolen catalytic converters?

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.

How much are they selling stolen catalytic converters worth?

Rise in catalytic converter thefts hits La Jolla

This metal shield was installed over a replacement catalytic converter on a Toyota Prius after the original converter was stolen. A used catalytic converter can be worth about $250 to $500 in recycling, but the cost of replacing it can be many times that.

How much do criminals get for stolen catalytic converters?

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).

What are the most valuable catalytic converters to steal?

Who pays the most for catalytic converters?

Which Catalytic Converters Are The Most Expensive? According to data from 2020, the most expensive catalytic converter belonged to the Ferrari F430, with a mind-popping $3,770.00 price tag.

How much do thieves get for stolen catalytic converters?

What year cars are targeted for catalytic converter theft?

In the western part of the country, the following cars are the top targets: 2001-2021 Toyota Prius. 1985-2021 Ford F-Series. 1989-2020 Honda Accord.

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.

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.

What do thieves do with stolen catalytic?

So why are catalytic converters a hot item for thieves? "These catalytic converters are stolen off of vehicles and they're taken to recycling locations where they're turned in for money," explained Raquel Zick, Santa Barbara County Sheriff's Office Public Information Officer.

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 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.

Who would buy a stolen catalytic converter?

In the current market, catalytic converters can be resold to recyclers for as little as $50 or to precious metal dealers for as much as thousands of dollars per ounce, reported the National Insurance Crime Bureau (NICB).

How much do used catalytic converters sell for?

This varies by car and the condition of your catalytic converter. Still, on average, scrap catalytic converters are worth between 300 $ to 1500 $ when sold as scrap at your local wrecking service. In today's world, catalytic converters are no longer being sold as part of a car.

How much money is a catalytic converter?

Key Takeaway: Your catalytic converter replacement could cost as much as $3,000. The catalytic converter gets its value from the precious metals located inside. These precious metals are Platinum, Palladium, Rhodium, and as the prices of these metals rise, you can anticipate catalytic converter theft to do the same.

What do I do if someone stole my catalytic converter?

If you find your catalytic converter is missing, you should immediately contact the authorities. They will check local security cameras and work to see if they can help catch the person who stole your converter. Additionally, a police report may be essential to your insurance coverage.

Is a car drivable without a catalytic converter?

As part of a car's exhaust system, the catalytic converter helps to reduce air pollution. You will not harm your engine or your car in any way by driving without a catalytic converter.

Which cars are at risk of catalytic converter theft?

Those vehicles most often targeted for catalytic converter theft during the past three years in California are the Toyota Prius, Honda Element, Honda Accord, Ford Econoline, Honda CRV, Ford F-250, Toyota Tundra, Toyota Sequoia, Ford Excursion and the Toyota Tacoma.

How much is a Ford catalytic converter worth in scrap?

For a Ford catalytic converter scrap, you can get about from 50 USD. This will save some investment оf your repair costs.

Why do people steal catalytic converters?

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.

How much are Ford catalytic converters worth?

The average current price for used ford catalytic converters is $474 from the last 240 listings.

What scrap pays the most?

Why is selling catalytic converters illegal?

These regulations require new aftermarket catalytic converters to comply with requirements of Title 13, California Code of Regulations (CCR) section 2222(h) in order to be exempted from California's anti-tampering law (Vehicle Code section 27156), thereby allowing them to be offered for sale, sold, installed or used in ...

Why do recyclers buy stolen catalytic converters?

In California, the state's Business and Professions Code requires recyclers who buy used converters to keep records on the seller and the Vehicle Identification Number (VIN) of the car the converter came from.