Why are Prius catalytic converters worth so much?

Why the Prius above other cars? 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.

Why are Prius catalytic converters valuable?

While all catalytic converters are popular targets with thieves, those installed in hybrids and plug-in hybrids are especially valuable because they contain more of the material than the ones in other types of vehicles.

How much does a Prius catalytic converter sell for?

The average cost for a Toyota Prius catalytic converter replacement is between $2,161 and $2,193. Labor costs are estimated between $109 and $138 while parts are priced between $2,052 and $2,055. This range does not include taxes and fees, and does not factor in your specific model year or unique location.

What is a Gen 2 Prius catalytic converter worth?

There's a good reason for that: The same report adds that the going rate for a GD3+EA6-type catalytic converter from a second-gen Prius hovers around $1,022. Cut one from a third-generation model and it'll be worth approximately $548.

How Much Is A Catalytic Converter Worth? Scrap Recycling Guide

What car has most catalytic converters stolen?

How much is a 2006 Prius catalytic converter worth?

2006 Toyota Prius Catalytic Converter - from $209.99+ | AutoZone.com.

How much platinum is in a Prius catalytic converter?

Because catalytic converters contain three different Platinum Group Metals – platinum, palladium, and rhodium – they can be very valuable. On average, there are between 3-7 grams of platinum in a standard catalytic converter, but the amount varies based on manufacturer and model.

How do I know if my Prius catalytic converter is stolen?

Are Prius C catalytic converters stolen?

Know if you're a target for catalytic converter theft

“The Prius is the No. 1 vehicle for cat thefts” in the Sacramento area, Sandman says. As an ultra low-emissions vehicle, the Prius has a catalytic converter that contains more of the rhodium, palladium and platinum that render pollutants harmless.

Why do thieves steal Prius catalytic converters?

Car experts say since the Prius is a hybrid, the catalytic converter corrodes less than on other cars, keeping the precious metal coating in better shape. It's also one of the most expensive to replace, costing between $2700 and $4100. Thieves steal catalytic converters to get the precious metals rhodium and platinum.

What year of Prius have catalytic converter theft?

Photo courtesy of Toyota. Due to the precious metals contained in its catalytic converter, theft claim frequency for 2004-09 Toyota Prius models was a staggering 40 times higher in 2020 than in 2016, according to a recent analysis by the Highway Loss Data Institute (HLDI).

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.

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.

How much rhodium is in a Prius catalytic converter?

Nowadays, rhodium price per gram is around $287. Although the quantities vary by model, on average, only one standard catalytic converter contains about 3-7 grams of platinum, 2-7 grams of palladium, 1-2 grams rhodium.

Why do people 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.

How much do thieves 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.

What happens to your car if someone steals your catalytic converter?

Thieves typically cut the part off from beneath the vehicle with a power saw or blowtorch, and if they do a hatchet job, they can damage other systems as well, possibly affecting the vehicle's driveability. Once the car is safely at the repair shop, the next call should be to the insurance company.

Can you drive a Prius without a catalytic converter?

You can drive a Prius without a catalytic converter; however, it's not a great long-term solution. Your Prius will not function as well and will fail an emissions test.

How much is a Toyota catalytic converter worth?

Toyota catalytic converters' worth can range from $75 and $700 when sold as scrap. The worth of a catalytic converter can vary depending on the car's make and model. Some of the most valuable catalytic converters come from the Toyota Prius.

What does rhodium look like?

Rhodium is a silver-white metallic element that is highly reflective and resistant to corrosion. It is considered the rarest and most valuable precious metal in the world — well above gold or silver. The name rhodium comes from the Greek word "rhodon," meaning rose, named for the rose-red color of its salts.

What catalytic converters have the most platinum?

By 2020, a data collection on which car has the most expensive catalytic converter showed that the Ferrari F430 was number one, costing more than $3,770. The catalytic converters contain a high-quality T38 coating of precious metals such as platinum, and the coating is four times more than the standard one.

Are hybrid catalytic converters worth more?

Hybrid vehicles

The more emissions-friendly the vehicle, the more valuable its catalytic converter tends to be. These vehicles require a higher concentration of the precious metal palladium, upping the total value.

How much is a hybrid 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.

Is a stolen catalytic converter covered by insurance?

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.