What do thieves get for catalytic converters?

Thieves can fetch as much as $700 per converter from unscrupulous scrap yards. And unfortunately, this can leave Prius owners with bills as high as $2,000. Trucks and SUVs are also common targets of catalytic converter theft because they are raised off the ground.

How much is a catalytic converter worth stolen?

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 thieves sell catalytic converters for?

Scrap yards pay anywhere from $50 to hundreds of dollars per catalytic converter. "What we're seeing is thieves taking advantage of what should be a legitimate market.

What cars are most targeted for catalytic converter theft?

What are thieves doing 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.

Understanding the wave of catalytic converter thefts

What part of the catalytic converter is worth money?

Small amounts of rhodium are also found within a catalytic converter. Rhodium, like platinum and palladium, is very rare and valuable. Even though the monolith is the most valuable part, recyclers are almost always buying the full converter and extract the ceramic themself in order to avoid depreciation or fraud.

Can I claim on my insurance for a stolen catalytic converter?

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.

Which catalytic converters bring the highest scrap price?

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. Moreover, the F430 needed two of them, so a full replacement would run car owners $7,540 before labor costs.

Why are Toyota catalytic converters stolen?

Such thefts jumped due to the increasing value of the precious metals in catalytic converters, with thieves making up to $300 for a standard catalytic converter. A catalytic converter stolen from a hybrid vehicle can sell up to $1,400 because they use more of those precious metals.

Why are Honda catalytic converters stolen?

Catalytic converters are often stolen because they are valuable to scrap metal dealers. These converters contain precious metals like rhodium and platinum.

How much do criminals get for a catalytic converter?

Thieves, on average, can earn $200 per catalytic converter — about 1/10th of what it costs to replace a stolen one. And thefts happen quickly, usually taking only a minute or two.

What is the street value of a catalytic converter?

While the “street value” of a catalytic converter can range between a mere $100 to $700 depending on the type of vehicle it's stolen from, replacing a stolen one will cost you a lot more. With labor, a catalytic converter replacement is estimated at between $1,000 and $3,000.

How much will a junkyard pay for a catalytic converter?

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 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 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.

How can I get the most money out of my catalytic converter?

In short, scrap yards are your best bet for selling your catalytic converter because they will focus on the value of the metals in your cat, not your cat as an auto part.

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.

How many catalytic converters are stolen each year?

According to the National Insurance Crime Bureau (NICB), there were 3,389 reported catalytic converter thefts in 2019. That reported number skyrocketed to 14,433 in 2020. NICB President David Glawe said there has been a significant increase in thefts since the beginning of the COVID-19 pandemic.

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.

How many catalytic converters are stolen?

The National Insurance Crime Bureau (NICB) says they've jumped from 3,389 thefts reported in 2018 to 14,443 in 2020 (the last year for which stats are available), which amounts to a whopping 977 percent increase.

How much gold is in a catalytic converter?

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

Are old catalytic converters worth anything?

Are your old catalytic converters worth money? Yes, they are! Indeed, they contain some precious metals that are rare and valuable. Thus, consider recycling them instead of throwing them away!

How much is a Ford catalytic converter worth?

Current used. The average current price for used ford catalytic converters is $450 from the last 240 listings.

Why do thieves target catalytic converters?

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.