Stolen catalytic converter insurance claims up by 5,300% in Texas since 2019, AAA reports. Authorities apprehended six individuals last week in connection with a crime ring that had nearly $12 million worth of stolen catalytic converters, firearms and a Challenger Hellcat. Longmont At 4:54 a.m. Monday, officers were alerted to a catalytic converter theft in the 800 block of Tenacity Drive in Longmont. How much does it cost to replace a stolen catalytic converter? The replacement part will cost roughly $1500 and labor another $600-$1000. Although not reported as related, police took reports of a stolen catalytic converter and a damaged fence at an RV storage facility at around the same time. An auto worker later told them the catalytic converter had been stolen from the vehicle. G/O Media may get a commission Year-round basics In broad daylight, a man was caught on camera stealing the catalytic converter of the owners Toyota Camry. The cost to replace one is between $1,000 to $3,000, hence the resale market. The officers took a report, but there are currently no suspects. Related Stories. The mechanics we spoke to said the most targeted cars for catalytic converter thefts are regular cars that common folk drive. They can make anywhere from $25 to $300 for a standard catalytic converter, McDonold said. The NICB says a typical catalytic converter can fetch anywhere from $50 to $250 apiece. The shop said that they would order a new catalytic converter and the other necessary parts and get the repair in motion. May 20, 2022. 0:26. Catalytic converters are part of a modern cars exhaust system, fitted to reduce harmful emissions.They are stolen because of the precious metals inside them: palladium, platinum and rhodium. Jetter says there's been a decrease in catalytic converter thefts recently but they're still seeing at least three to four reports a month in St. Matthews. That's a 977% increase in just two years. Is a stolen catalytic converter covered by insurance? Philip Reed. Police: Suspect in Buckland Hill shooting has been arrested. Between January and May 2021, car thieves stole almost 26,000 catalytic converters in the United States. However, when it comes to catalytic converter thefts, thieves spare no one. About 1,000 stolen catalytic converters sit in a Beaverton Police Department garage after being taken for evidence in a months-long investigation into a local organized crime ring. This equates to 5200 thefts a month! Speaking of cutaways, once a catalytic converter is stolen how much is it actually worth? The converters can fetch $50 to $250 per converter. 49m ago. A catalytic converter is cut off a Ford Excursion in broad daylight. In fact, catalytic converter theft has increased from 3,389 reported thefts in 2018 to 14,443 in 2020, according to the National Insurance Crime Bureau (NICB). 1:53. While thieves may only get $200 to $300 for a stolen catalytic converter, for the vehicle owner who has to replace it, it can cost thousands of dollars for parts and labour. Thieves hope to make a big payday by melting down the precious metals found in the anti-pollution devices namely, platinum, palladium, and rhodium. Have the catalytic converter welded to your cars frame, which may make it harder to steal. FORT SMITH, Ark. A stolen catalytic converter replacement can cost as much as $3,000 for the often-targeted Toyota Prius. How Thieves Make Money on Stolen Catalytic Converters. 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. Ones from hybrid vehicles can sell for up to $1,400. The NICB says that replacing a catalytic converter usually costs between $1,500 and $3,000.
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