The cost of catalytic converter theft: How to avoid becoming a victim
Catalytic converter theft is on the rise nationwide due to soaring prices of the precious metals inside them.
A stolen catalytic converter replacement can cost up to $3,500 for some vehicles. Insurance claims for a stolen catalytic converter in 2020 ranged from $500-$3000. Catalytic converter theft is skyrocketing across the country due to the high demand for the precious metals inside them.
There are several solutions you can use to protect your car from catalytic converter theft. These include installing an anti-theft device, etching your license plate number or VIN onto the catalytic converter, and parking in a secure garage. Other preventive maneuvers such as etching the catalytic converter and careful parking can also make theft less attractive. The best way to prevent theft of your catalytic converter is to park your vehicle in a secure garage. Those options could cost anywhere from a few hundred to a few thousand dollars.
Knowing the signs of catalytic converter theft and taking preventive measures is the best way to avoid becoming a victim.