document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); MyCarVoice.com is a crowdsource platform with the goal of helping owners with their car problems. In states like California, Texas, and Illinois, the average number of thefts per month rosefrom 652 in January 2020 to 2,347 by December of the same year. Policygenius uses external sources, including government data, industry studies, and reputable news organizations to supplement proprietary marketplace data and internal expertise. Generally speaking, if you have comprehensive auto insurance, you will be covered for catalytic converter theft. A bonus with installing an alarm is that some insurance companies may offer a car alarm insurance discount. Stolen catalytic converters are currently worth up to 400 but the value fluctuates as the price of metal goes up and down. Ocean Finance,Think Park,Trafford Park, Mosley Rd,ManchesterM17 1FQ. 2023 Smartfinancial.com Ins LLC DBA SmartFinancial Insurance. Any gas-powered car made after 1975 can be a target, but the top vehicles for catalytic converter theft tend to be older cars because they have a larger amount of valuable metals in their catalytic converters. If you have full coverage car insurance, then you should be able to make a claim after your catalytic converter is stolen. Compare Quotes From Top Companies and Save. File a claim with your insurance: If you have comprehensive insurance coverage, you can file a comprehensive claim with your insurance company to cover the damage. A typical engine will not draw too much attention. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company. In short, if your catalytic converter is stolen, youll likely be covered under comprehensive auto insurance but not collision insurance. Insurance doesn't have to be complicated. Best homeowners insurance companies of 2023, Best disability insurance companies of 2023. Restrictions, exclusions, limits, and conditions apply. after a single comprehensive coverage insurance claim, How to See if a Car Has Been in an Accident. Although all catalytic converters are valuable to thieves, they target some car makes and modelsmore than others. Which cars are most likely to have the catalytic converter stolen? But opting out of some of these cookies may affect your browsing experience. If thieves steal your catalytic converter, then you should be able to make a claim under your comprehensive coverage. Cars with a high ground clearance making access easier are also targeted, including vans and 4x4s. Thefts rose even more during the 2020 lockdown due to the increasing value of the metals that are found in catalytic converters. May car owners would agree that vehicle protections take much thought. This vital component was added to vehicle manufacturing in the 1970s and has become a mandatory part of the automobile industry. Generally, this coverage has an approximate annual cost of $100 $300. The cost of labor to put the new converter on will add to the price. Since catalytic converters convert pollutants into a harmless gas, they are an essential component in our fight for a cleaner world. Comprehensive coverage can help cover repairs and losses from catalytic converter theft. Theyre found underneath the car with the exhaust system and are designed to help reduce harmful emissions from the car engine. Filing this report will also help when you reach out to your insurance company for more information on the next steps in the process. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. All insurance rates, products, and services are presented without warranty and guarantee. In 2020, insurance claims for a stolen catalytic converter ranged from $500 to Licensed Agent for 15 Years. So knowing how you can protect your vehicle can be key. Insurance covers catalytic converter theft if you have comprehensive coverage. Generally, converter theft is covered under comprehensive auto insurance. The United States has required catalytic converters on all gas-powered vehicles since 1975. Be prepared to An annual cost of $100 to $300 ($8 to $25 a month) can These large repair bills can be impossible for some motorists to meet. Our goal is to be an objective, third-party resource for everything auto insurance related. With identity theft becoming more common and costly, having Farmers Identity Shield may give you some peace of mind for only pennies a day. Prices vary based on how you buy. Over the last few years, theres been a large increase in the theft of catalytic converters. Still have questions? There are steps you can take to protect your vehicle from catalytic converter theft. Using powertools,the thieves can get away with your catalytic converter in just a couple of minutes. Be aware that its illegal to drive without a catalytic converter,so if youre a victim of this crime, you wont be able to drive your car until its repaired. And if you dont have comprehensive auto insurance, now might be a good time to consider adding it to your policy. Help protect yourself on the road Depending on how the catalytic converter was removed from your car, there may be other damages that were caused by the theft that need to be included in your quote. These policies will cover you if your Rachael Brennan has been working in the insurance industry since 2006 when she began working as a licensed insurance representative for 21st Century Insurance, during which time she earned her Property and Casualty license in all 50 states. Know which cars are higher targets for catalytic converter thieves. Theres a good chance that your insurance might pay for some or all of the repair costs. Does insurance cover catalytic converter theft? Use our free car insurance quote tool above and get an idea of which car insurance companies meet your needs. The vehicle will also seem less responsive than usual and will lack acceleration. The short answer to the question of 'is catalytic converter theft covered by insurance' is typically yes, provided Some examples include electric cars, cars made before 1974, diesel catalytic converters, Subaru, Ford, Hyundai, Dodge, Mazda, Nissan sedans and minivans. If you get under your car and see that there are missing pieces, often indicated by open holes, broken pipes, or missing bolts, you are the victim of theft. Analytical cookies are used to understand how visitors interact with the website. Comparison shopping should be easy. Considering the cost to replace and repair any damage, it may be in your best interest to protect yourself with comprehensive auto insurance just in case. Your insurance company will cover the cost of replacing the stolen converter and any Your insurance company will cover the cost of replacing the stolen converter and any surrounding damage caused by the theft. Because, until you hit the deductible amount, you and only you are responsible for covering repair costs on your vehicle. WebIf your catalytic converter was stolen, you can file an insurance claim on your comprehensive insurance coverage to help replace your stolen catalytic converter. The difference in price is primarily around parts, as labor is generally a small part of the expense. Drivers who dont have comprehensive insurance wont be covered for any kind of car theft and will have to pay out of pocket to get a replacement. Thieves will target any vehicle, including buses! Former Auto Insurance Claims Manager. Does my car insurance cover me in other cars? Read our editorial standards for Answers content. Our opinions are our own. The additional and inexpensive cost of comprehensive coverage can save car owners discomfort and stress. 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. help protect your car against catalytic converter theft by etching the license plate In 2018, there were 1,300 reported thefts; in 2021, there were more than 52,000. Ford Check Engine Light. Liability coverage is required in virtually every state, while no state requires comprehensive or collision coverage. Shop Around for Comprehensive Car Insurance To Protect Yourself. Get a personalized Home Insurance quote now. 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. This honeycomb transforms the emissions from dangerous automotive exhaust into safer gases. Which Cars Are Most Targeted for Catalytic Converter Theft? Comprehensive insurance covers your car against loss or damage that was not the result of a collision. Web3. Disclaimer: We make every effort to ensure that content is correct at the time of publication. 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. The actual costs depend on how much your insurance will cover, your mechanic, and your vehicle type. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. Palladium is skyrocketing in price and can cost from $2K to $5K an ounce, while rhodium is around $22K an ounce making these two precious metals more valuable than gold, price-wise. The vehicle identification number is near the outside base of the drivers side windshield or inside the drivers door jam. Lets dig deeper into the question of, does insurance cover catalytic converter theft. It is therefore important for people to do what they can to prevent theft of their catalytic converters. Its found between the engine and the muffler. Three ways to protect against catalytic converter theft. All rights reserved. Top-selling hybrids and hybrid models that dont have a matching all-gas equivalent may be most vulnerable because theyre easier to identify. According to the National Insurance Crime Bureau, catalytic converter thefts have increased by 1,215% since 2019. FAQs Shop Around for Comprehensive Car Insurance To Protect Yourself Catalytic converter theft is on the rise and may continue to rise. A car without a functional catalytic converter will make a loud sound as you accelerate, drive rough, and sputter as you change speeds. However, suppose your converter is worth $1,500 and your deductible is $1,000. How Much Does Catalytic Converter Replacement Cost? Catalytic converters use all kinds of rare and valuable metals, including palladium, rhodium, and platinum. The short answer to the question of 'is catalytic converter theft covered by insurance' is typically yes, provided you have full coverage or, Depending on the situation and your insurer, you may be asked to get an. Popular vehicles include the Toyota Prius, the Chrysler 200, the Honda CR-V, the Chevrolet Silverado, and the Ford Econoline series of vans. Reduction catalysts break up nitrogen oxide (NO) into nitrogen (N) and oxygen (O) gases, which are harmless on their own. You can opt out at anytime using the link provided in our emails. The more quotes you compare, the more chances to save. Take to protect Yourself catalytic converter, then you should be able to make a after. 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