What does a stolen catalytic converter sell for?

A catalytic converter stolen from some hybrid models can sell online for as much as $1,500 because it contains a larger amount of rhodium, which is resistant to corrosion and currently sells for more than $15,000 an ounce.

How much are they selling stolen catalytic converters worth?

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.

What are the most valuable catalytic converters to steal?

How much is it to steal a catalytic converter?

It's the internals that they care about." Uresti said it's easy for thieves to get catalytic converters, especially under lifted cars like trucks, because they can get in and out quickly, avoiding detection. Catalytic converters average from $800 all the way up to $1,200 even for a used one.

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.

Understanding the wave of catalytic converter thefts

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.

Where can I get the most money for 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.

Why are Toyota catalytic converters stolen?

Thanks to higher prices for platinum, rhodium, palladium and other metals found in the components, catalytic converter thefts rose from about 100 a month in 2018 to more than 1,200 a month in 2020, according to the National Insurance Crime Bureau.

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.

Why are people stealing catalytic converters from Toyota?

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 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.

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.

Can I sell my catalytic converter?

One of the perks that should motivate you to recycle your catalytic converter is the lucrative return you can receive. Catalytic converters are full of precious metals that can be recycled, and metal recycling plants are willing to pay top dollar for your cat converter.

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.

What cars have their catalytic converters stolen?

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.

Which cars are least likely to have catalytic converters stolen?

American brands such as Ford, Chevy, Jeep, Dodge, and Chrysler tend to have less valuable catalytic converters and are therefore less likely to get stolen. Some Nissan, Hyundai, Mazda, and Subaru models also fall into this category. Many brands used cat designs that limited how many precious metals were inside.

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.

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.

How much can you sell a catalytic converter 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 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 Honda catalytic converter?

Honda Accord Catalytic Converter Replacement Cost Estimate. The average cost for a Honda Accord catalytic converter replacement is between $2,273 and $2,326. Labor costs are estimated between $99 and $124 while parts are priced between $2,174 and $2,202.