In addition, filing multiple claims could lead to an increase in your premiums later on. Do Car Dealerships Offer Temporary Insurance? Thieves often target them because they contain valuable heavy metals. But there may still be hope that you can get a new one without any cost to you. The Bottom Line: Does insurance cover catalytic converter theft? Chris Harrigan FAQs Shop Around for Comprehensive Car Insurance To Protect Yourself Catalytic converter theft is on the rise and may continue to rise. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. Learn about our editorial standards and how we make money. How to Protect Your Catalytic Converter From Theft. Making a claim for your catalytic converter theft could also cause you to lose a claim-free discount. Theft can occur in just under two minutes with easily acquired tools. How to Update Your Drivers License After Moving to a New State. It can take just 1 to 3 minutes for a competent thief to remove a catalytic converter. Few people check their catalytic converter before starting their vehicle. While your car can run just fine without a catalytic converter, you would still need to replace it since it filters the exhaust. By Rachael BrennanRachael BrennanSenior Editor & Catalytic converter theft is on the rise and to a shocking degree. Comprehensive insurance coverage normally covers the cost of replacing the catalytic converter stolen and any Jones says an anti-theft device can help. Catalytic converter thefts have increased to record highs in recent years. Dont Get Burned by Catalytic Converter Theft: Is Your Insurance Enough? Does your insurance cover catalytic converter theft? The cookie is used to store the user consent for the cookies in the category "Other. 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. According to the National Insurance Crime Bureau, catalytic converter thefts have increased by 1,215% since 2019. The rising risk of having your cars catalytic converter stolen is emotionally challenging, but there is some relief. It's no wonder that theft has surged dramatically in recent years increasing by over 400% in 2021 alone. How much is a catalytic converter worth in the UK? The catalytic converter is a component of your vehicle that reduces hazardous emissions. What Are the Cheapest Auto Insurance Companies for 2023? Some of the best tips for preventing catalytic converter theft include: Insurance covers catalytic converter theft if you have comprehensive coverage. That year, the most frequently stolen vehicles were Ford pickup, Ram pickup, Jeep Cherokee, Nissan Sentra and Dodge Charger. The short answer to the question of 'is catalytic converter theft covered by insurance' is typically yes, provided This cookie is set by GDPR Cookie Consent plugin. It costs approximately $1,100 to $2,600 to replace a catalytic converter on an average vehicle, including parts and labor. He is responsible for researching and writing about anything auto insurance-related. WebThe average excess for a car insurance theft claim is over 300 and replacement and repair costs for catalytic converters have been reported to exceed 1,200. The United States has required catalytic converters on all gas-powered vehicles since 1975. Other designs resemble a cage or armor plating. A catalytic converter is part of your cars exhaust system that reduces harmful emissions. Does car insurance cover catalytic converter theft? She is a storyteller who believes in the power of words. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. 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. We offer insurance by phone, online and through independent agents. Drivers who do not have comprehensive insurance will not be covered for any type of car theft and will have to pay for a replacement themselves. No matter what type of vehicle you drive, however, there are ways to reduce the risk of catalytic converter theft: Invitations for applications for insurance on assurance.com are made through Assurance IQ, LLC, only where licensed and appointed. Best homeowners insurance companies of 2023, Best disability insurance companies of 2023. Analytical cookies are used to understand how visitors interact with the website. This cookie is set by GDPR Cookie Consent plugin. Yes. Truth is, having your catalytic converter stolen is one of the most frustrating experiences a car owner can go through. WebDoes this include catalytic converter theft? GMC Check Engine Light. This Although all catalytic converters are valuable to thieves, they target some car makes and modelsmore than others. As catalytic convert theft rates skyrocket, its more important than ever to protect your vehicle against catalytic converter theft. Your car makes a sputtering sound when you change speeds, Your car doesnt feel like its driving smoothly, There is an increase in exhaust smells or visible exhaust emissions from your vehicle, Theres a load roar when you start your vehicle, and that roar gets louder as you accelerate, Your vehicle displays a check engine light or other warnings. However, while comprehensive policies are generally similar, they are not required to offer a standard set of coverages. The National Insurance Crime Bureau reported catalytic converter thefts increased from roughly 1,300 in 2018, tomore than 52,000 in 2021. There are some available for as little as $300-$400, but those often dont work at all and, when they do, they wear out very quickly. Read on to learn more about the most frequently stolen cars here. If your catalytic converter has been stolen, you can file a comprehensive claim. This foul smell should be almost immediately noticeable and emits from the cars exhaust line. However, replacing a catalytic converter on some vehicles may cost $3,000 to $4,000. The way that the converter is installed can also make a difference. 124 Local Experts Are Waiting to Hear From You To learn more about auto insurance policies, contact our experts at 1-800-615-5897 or get a quote online in 5 minutes! If youre a recent victim of catalytic converter theft, then you might be wondering what your recourse should be. Contact your insurance company ASAP. Nerves aside, we are here to help. Use our free car insurance quote tool above and get an idea of which car insurance companies meet your needs. There are several reasons why people steal catalytic converters, including: They are valuable: There are extremely valuable metals, like platinum, rhodium, and palladium, inside a catalytic converter.. While your car will not break down without a converter, you may face fines for driving without one installed. Between key fobs and security alarms, car protection can seem like a lot to handle for many drivers. Comprehensive auto coverage will cover the theft of your catalytic converter. What does full coverage car insurance include. The cookie is used to store the user consent for the cookies in the category "Performance". SmartFinancial can help you view free car insurance quotes in just minutes after you enter your zip code below and fill out a brief questionnaire. They are easy to steal: The catalytic converter is easy to access on most cars, which makes them an easy target for thieves. If your car is an older model, it may be If you are using a screen reader and are having problems using this website, please call 1-855-695-2255 for assistance. Itll depend on your insurance policy but if the theft is covered by your insurance, youll need to consider This relatively low cost is light on the wallet and has the high potential of easing much stress and discomfort from potential theft or vandalism. Any car with a catalytic converter can be targeted, but some cars are more common targets than others. And if the claimisfor more than your cars worth then the insurance company will write it off. Some drivers have reported paying fines of thousands of dollars for driving without a catalytic converter. What to do if your catalytic converter is stolen. The car wont drive smoothly, it will accelerate loudly, and it will generally sputter and jolt as you speed up while driving.. Anna Swartz is a senior managing editor and auto insurance expert at Policygenius, where she oversees our car insurance coverage. Which cars are most likely to have the catalytic converter stolen? By clicking Accept, you consent to the use of ALL the cookies. However, your insurer may raise rates if you have had multiple comprehensive coverage claims in recent months. Catalytic converter theft is on the rise. 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. To compare quotes from many different car insurance companies please enter your ZIP code on this page to use the free quote tool. Now that you know what a catalytic converter is, what it does, and how to tell if yours has been stolen, you can evaluate your risks and decide if comprehensive coverage is right for you. How can I prevent my catalytic converter from being stolen? May car owners would agree that vehicle protections take much thought. This makes them worth more. Christopher is an internet technology expert and mechanical engineer. Choosing a selection results in a full page refresh. How Credit Affects Auto Insurance: A Study, Presidents Day 2023 Car Deals & How To Save on Insurance, Road Rage and Aggressive Driving in the U.S: A Study. Your insurance should cover all of this cost after you pay your deductible. Get a catalytic converter lock: There are several types of cage-like locks that fit around your catalytic converter, making it more difficult and time consuming for a thief to try to steal it.. Find an Auto Insurance policy that fits your needs. This is because metals degrade as they filter pollutants from exhaust, and hybrids have lower emissions than gas-powered cars. How much does it cost to replace a stolen catalytic converter? When hes not at the local autocross event, he can often be found working on one of his cars. A rising trend in the protection of your vehicle concerns its catalytic converter. After several years she expanded her insurance expertise, earning her license in Health and AD&D insurance as well. Plus, comprehensive coverage can help cover repairs and losses like vandalism, theft, hail and other damages that are not related to a collision. The Growing Problem of Catalytic Converter Theft, How to Check if Your Catalytic Converter Has Been Stolen, How to File a Claim for Catalytic Converter Theft, How to Protect Your Cars Catalytic Converter From Theft, from 652 in January 2020 to 2,347 by December of the same year, The Importance of Meeting Insurance Requirements for Financed Cars, The Most Dangerous Times to Drive in Every U.S. State, Be Your Own Pit Crew: Maintenance Tasks to Keep Your Car Running, Do Not Sell nor Share My Personal Information. How Does a Catalytic Converter Get Stolen? Your exhaust system contains precious metals that thieves want to sell for a profit. James Shaffer is a writer for InsurancePanda.com and a well-seasoned auto insurance industry veteran. Hybrid cars can also be a favorite for thieves because their catalytic converters see much less use than standard cars, resulting in metal that's easier to salvage. 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