Why do people steal catalytic converters? Adjust your car alarm settings to react to vibrations. Especially with the surge in catalytic converter thefts. Comparison shopping should be easy. We don't sell your information to third parties. Thieves then sell it to a scrap metal yard, which will then sell it to someone else who can remove and recycle the precious metals. In some cases, your insurance may cover this cost if you have the right coverage type. Advertiser Disclosure: We strive to help you make confident car insurance decisions. Install a cage around your catalytic converter. Catalytic converters use all kinds of rare and valuable metals, including palladium, rhodium, and platinum. Read on to learn more about the most frequently stolen cars here. You may also want to look for abrasions and other evidence of tampering. In that case, it may not be worth filing a claim because your insurer would only cover the remaining $500 after you meet your deductible. Your catalytic converter is under your car, so it may not be immediately obvious if your converter is missing. Contact your insurance company ASAP. Thus, the initial tell of a stolen catalytic converter is a very loud startup and running sound. If your vehicle has been targeted, there are some obvious signs to look for. Any insurance policy premium quotes or ranges displayed are non-binding. May car owners would agree that vehicle protections take much thought. Emissions enter the catalytic converter and pass through a metal-coated ceramic honeycomb inside. Read our editorial standards for Answers content. Christa Ehrler is a wordsmith, copywriter, and traveler with over seven years of digital publishing experience. Compare quotes from several insurance carriers to ensure that you get the best deal on your auto insurance overall. SmartFinancial Insurance is a digital insurance Necessary cookies are absolutely essential for the website to function properly. Our opinions are our own. It all depends on your policy. Compare Quotes From Top Companies and Save. Choosing a selection results in a full page refresh. Torque is the rotational force often associated with tasks like towing, hauling, or climbing. It costs approximately $1,100 to $2,600 to replace a catalytic converter on an average vehicle, including parts and labor. Since the cost of fixing a vehicle after catalytic converter theft without your insurance companys assistance can easily be more than several thousand dollars, it is imperative to decrease the risk of future thefts as much as possible. Assurance IQ, LLC is a wholly owned subsidiary of Prudential Financial, Inc. Assurance IQ, LLC is not affiliated with Assurance Agency, Ltd., nor any government agency. You can opt out at anytime using the link provided in our emails. Insurance covers catalytic converter theft if you have comprehensive coverage. If someone steals your catalytic converter, you may be able to claim it under your comprehensive auto insurance policy. Comprehensive auto coverage will cover the theft of your catalytic converter. All insurance rates, products, and services are presented without warranty and guarantee. Copyright 1995 - 2023. Policygenius content follows strict guidelines for editorial accuracy and integrity. By 2020, however, catalytic converter thefts hit a new record at 1,203 per month. Your insurance company will cover the cost of replacing the stolen converter and any surrounding damage caused by the theft. In the several decades since the introduction of catalytic converters, their engineering and manufacturing have improved consistently. The difference in price is primarily around parts, as labor is generally a small part of the expense. Get a personalized Auto Insurance quote now. You can find your catalytic converter on the underside of your vehicle. Does car insurance cover catalytic converter theft? What Are the Best Auto Insurance Companies for Seniors? Nerves aside, we are here to help. SmartFinancial Offers Unbiased, Fact-based Information. . Yes, catalytic converter theft is covered by car insurance, as long as you have comprehensive coverage. By clicking Accept, you consent to the use of ALL the cookies. This cookie is set by GDPR Cookie Consent plugin. We are not responsible for the content of any third-party sites linked from this page. Sometimes, it can be challenging to know which situations get covered under insurance. Do Not Sell or Share My Personal Information (CA Residents Only). Catalytic converter theft is covered under your comprehensive coverage. These policies will cover you if your According to the Insurance Information Institute, 1 criminals racked up $6.4 billion in motor vehicle thefts in 2019, with the average cost per theft at $8,886. Park close to a wall with the exhaust pipe closest to the wall. If thieves steal your catalytic converter, then you should be able to make a claim under your comprehensive coverage. Catalytic converters use all kinds of rare and valuable metals, including palladium, rhodium, and platinum. If your vehicle has had multiple replacements of catalytic converters or is an older vehicle, your insurance may not fix it and opt to give you the value of the car instead. However, replacing a catalytic converter on some vehicles may cost $3,000 to $4,000. Whether an accident or other loss is covered is subject to the terms and conditions of the actual insurance policy or policies involved in the claim. Insurance covers catalytic converter theft if you have comprehensive coverage. Thieves also like being able to get under the car easily, which puts SUVs and trucks at particular risk. Comprehensive insurance covers your car against loss or damage that was not the result of a collision. However, if your motor is noisier, it is time to look for other signs. Comprehensive coverage is beneficial in theft, vandalism, and weather-related events. And if you dont have comprehensive auto insurance, now might be a good time to consider adding it to your policy. Over the last few years, theres been a large increase in the theft of catalytic converters. How Much Does Catalytic Converter Replacement Cost? Since catalytic converters are the last line of defense against dangerous exhaust emissions, you would have to replace one very quickly if it has been stolen. Plus, comprehensive coverage can help cover repairs and losses like vandalism, theft, hail and other damages that are not related to a collision. Car insurance can cover catalytic converter theft, but only if you have the right type of coverage. If your cars rear is inaccessible, thieves will be less likely to target your vehicle since the converter will be harder to get. Get easy explanations for all your questions. GMC Check Engine Light. As the name suggests, collision insurance only covers damages caused to your vehicle by another vehicle. Keep reading to discover everything you need to know about catalytic converter theft and how insurance covers it. The catalyst metal then converts potentially hazardous gases into safer alternatives. Weve researched ways to help keep your car safefrom this type of theft. Thievesusually work by jackingup the car to access the catalytic converter,enabling them to cut it out-and it doesnt take longto do. Your comprehensive deductible will apply to the claim, so if you have a $1,000 deductible and it costs $1,500 to replace the catalytic converter, the insurance company will write you a check for $500 and you will be expected to pay the rest out of pocket. Get a personalized Health Insurance quote now. This website uses cookies to improve your experience while you navigate through the website. Required fields are marked *. It consists of a ceramic honeycomb coated in metals (typically platinum, rhodium, and palladium) that allows dangerous substances in the car's exhaust to recombine and convert into safer gases. Any car with a catalytic converter can be targeted, but some cars are more common targets than others. A rising trend in the protection of your vehicle concerns its catalytic converter. How much is a catalytic converter worth in the UK? Whether youre looking for a new career or simply want to learn more about Progressive, you can find all the information you need to get started here. Do You Need It? Park carefully: When you are deciding where to park, choose a spot close to a wall and park with your exhaust pipe next to the wall to make it hard to reach. above and get an idea of which car insurance companies meet your needs. Truth is, having your catalytic converter stolen is one of the most frustrating experiences a car owner can go through. It covers damages that occur to your vehicle outside of accidents including fire damage, hail damage, theft, and vandalism. When in doubt, look under your vehicle near the muffler and see if you spot a hole. Popular vehicles include the Toyota Prius, the Chrysler 200, the Honda CR-V, the Chevrolet Silverado, and the Ford Econoline series of vans. Whats the difference between ATV vs. a dirtbike? Get a Life Insurance quote today. Final Expense Life Insurance Explained: Is It The Right Choice For You? It doesnt totally prevent theft, but it does make your car a harder target. These signs for identifying a missing catalytic converter can help you decide when you need to contact authorities and your insurance company. Look for catalytic converter protection devices online or in stores. In fact, catalytic converter replacement costs range from about$900 on the low end to $3,500 or even a bit more on the high-end. Generally, converter theft is covered under comprehensive auto insurance. Drivers who have comprehensive coverage as part of their car insurance policy are covered for catalytic converter theft. This cookie is set by GDPR Cookie Consent plugin. Comprehensive Coverage Includes Catalytic Converter Theft. If you happen to own any of these cars, you may want to read on to learn how to take extra precautions to keep your car safe. If your catalytic converter has been stolen, you can file a comprehensive claim. Be prepared to What does full coverage car insurance include. It's been a mandatory part of all gas-powered cars since the 1975 model year, and it's located between the engine and the muffler on the underside of the vehicle. Using powertools,the thieves can get away with your catalytic converter in just a couple of minutes. Learn about our editorial standards and how we make money. Yes, a car can run without a catalytic converter, but in most states it is illegal and your car wont pass inspection without one. For those with deductible plans, you may be obligated to pay for the replacement of a converter if you havent met your deductible amount yet. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company. Comprehensive Coverage Includes Catalytic Converter Theft. You may also smell the emissions coming from your vehicle when the catalytic converter is missing. If you have comprehensive coverage, your insurance company will help you through the next steps in repairing or replacing your car, as needed. This is especially indicative if your other instruments note that your engine temperature and oil pressure are normal. Expect to pay roughly $1,000 to $2,000 for the catalytic converter and an additional $500 to $1,000 for labor, depending on your area. Since the cost of fixing a vehicle after catalytic converter theft without your insurance companys assistance can, easily be more than several thousand dollars. Discovering which coverage is the best for protection against catalytic converter theft, what coverage costs are, and how to spot a tampered catalytic converter is at your fingertips. All Rights Reserved. Comprehensive coverage will typically pay to replace the stolen catalytic converter and repair any related damage from its removal. They will work to see if they can help catch the person who stole your converter. Park your car in a well-lit area, or install motion-sensitive lights around your house to deter thieves. Still have questions? However, you should keep in mind that Collision Coverage does not cover you in the even of an auto accident involving an animal. It has been a requirement for all vehicles since 1975 and is made up of a metal honeycomb that filters and transforms hazardous compounds in the exhaust into a safer gas. 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