According to the National Insurance Crime Bureau (NICB), reported catalytic converter thefts have skyrocketed in the last few years, with an overall increase of more than 1,000 percent. This increase in theft has been attributed to the elevated prices of the precious metals contained inside the converters.

Chevrolet Silverado trucks have been among the vehicles targeted by catalytic converter thieves due to the vehicles' two converters. While hybrid models, such as the Toyota Prius, are also targeted due to their higher amounts of rare earth metals, commercial vehicles such as vans are also targeted due to their higher ground clearance, which allows the suspect to more easily get underneath the vehicle and saw off the catalytic converter.

The theft of a catalytic converter can take as little as 30 seconds, and the parts can fetch anywhere from $25 to $1,400 depending on the type of vehicle and the type of converter. A new one might cost you upwards of a few thousand dollars, but your insurance should cover the cost in the event of a theft.

There are several ways that you can protect your vehicle from catalytic converter theft. The most important thing that you can do is create good security hygiene for your vehicle. This means parking your vehicle in a well-lit area, or in your garage if you have one. You should also check with your neighbors to see if they have surveillance cameras, as footage could help law enforcement identify the suspects. Additionally, it is important to make sure that your insurance coverage will cover a new catalytic converter in case of a theft.

In conclusion, catalytic converter thefts have been on the rise in recent years, and the Chevrolet Silverado is one of the most targeted vehicles. It is important to be aware of the risks and to take steps to protect your vehicle from theft. Taking these steps can help ensure that you don’t become a victim of this crime.