Copyright 2001-2023|CarInsuranceCompanies.com|113 Cherry Street, #37960 Seattle, Washington 98104-2205|Privacy Policy|Terms & Conditions|CCPA. In 2020, insurance claims for a stolen catalytic converter ranged from $500 to The catalytic converter is responsible for handling the emissions of a car. Keep reading to discover everything you need to know about catalytic converter theft and how insurance covers it. WebFarmers Identity Shield. Replacing a stolen catalytic converter costs much more than what thieves get from scrap yards. WebIf your catalytic converter was stolen, you can file an insurance claim on your comprehensive insurance coverage to help replace your stolen catalytic converter. Because hybrids are partly powered by electricity, the converters found on hybrid cars are usually in better condition than on non-hybrid cars. Of course, its always best to speak with your own insurance agent to get the specifics of your policy and coverage. Catalytic converters contain valuable components like platinum, palladium, and rhodium. Can someone drive my car and be covered on my insurance? Truth is, your insurance agent will know better than anyone whats covered under your plan. Even if you own your car outright, it's never a bad idea to consider additional protection, especially if you can't spare $1K to replace your catalytic converter. Our fact-checked articles are intended to educate insurance shoppers so they can make the right buying decisions. According to the National Insurance Crime Bureau, catalytic converter thefts have increased by 1,215% since 2019. Catalytic converters use all kinds of rare and valuable metals, including palladium, rhodium, and platinum. Whats the Minimum Insurance Coverage for a Financed Car? As long as your insurance is up to par, then you dont have to worry about the cost of repairs. If your car is an older model, it may be The rising risk of having your cars catalytic converter stolen is emotionally challenging, but there is some relief. Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. 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.. Use our free car insurance quote tool above and get an idea of which car insurance companies meet your needs. 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. What Is Universal Life Insurance: A Comprehensive Guide. Oxidation catalysts add oxygen to pollutants such as carbon monoxide (CO) to make it carbon dioxide (CO2). Park your car in a well-lit area, or install motion-sensitive lights around your house to deter thieves. Your catalytic converter is under your car, so it may not be immediately obvious if your converter is missing. 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. Car insurance can cover catalytic converter theft, but only if you have the right type of coverage. Of course, your definitive source of answers should be from your direct insurance provider. if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[300,250],'mycarvoice_com-large-leaderboard-2','ezslot_9',606,'0','0'])};__ez_fad_position('div-gpt-ad-mycarvoice_com-large-leaderboard-2-0');But the good news is, if you have comprehensive car insurance, then any theft that occurs to your vehicle is covered. These cookies ensure basic functionalities and security features of the website, anonymously. Catalytic converters are essential and have the primary function of controlling harmful emissions How Much Is Car Insurance for 24-Year-Olds? He previously managed auto insurance claims for Enterprise Rent-A-Car. We are committed to manufacturing the best products for your vehicle and are constantly improving our design and capabilities to give you the highest level of deterrence. Does home insurance cover damage from fallen trees? 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? 4. Renters insurance does cover if your car is stolen or something in your car is stolen, but not parts of the A bonus with installing an alarm is that some insurance companies may offer a car alarm insurance discount. 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. It all depends on your policy. Full coverage car insurance includes liability coverage, comprehensive coverage, and collision coverage. . 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. Contact us for answers. Catalytic converters mounted under vehicles are usually easy to access and remove using power or even hand tools. Our car insurance resource center has you covered. Itll depend on your insurance policy but if the theft is covered by your insurance, youll need to consider If your catalytic converter has been stolen, then it may be covered by insurance. We are not responsible for the content of any third-party sites linked from this page. For those with deductible plans, you may be obligated to pay for the replacement of a converter if you havent met your deductible amount yet. Disclaimer: We make every effort to ensure that content is correct at the time of publication. All Rights Reserved. However, your insurer may raise rates if you have had multiple comprehensive coverage claims in recent months. What Are the Best Auto Insurance Companies for Seniors? Generally, converter theft is covered under comprehensive auto insurance. Vandalism, weather damage, theft, and damage from falling trees and Theyre found underneath the car with the exhaust system and are designed to help reduce harmful emissions from the car engine. Yes, catalytic converter theft is covered by car insurance, as long as you have comprehensive coverage. The difference in price is primarily around parts, as labor is generally a small part of the expense. Catalytic converters typically turn vehicle exhaust white or pale gray. Get a personalized Health Insurance quote now. The cost of labor to put the new converter on will add to the price. The, Cars with a high ground clearance making access easier are also targeted, including vans and 4x4s. Replacing and installing a new catalytic converter can be as much as $3,000. Understanding The Different Life Insurance Options. Are 2-Door Cars More Expensive to Insure? Comprehensive auto coverage will cover the theft of your catalytic converter. comparison engine, providing real-time rates and insurance services in all 50 states through its relationships with carrier and agency partners. It doesnt totally prevent theft, but it does make your car a harder target. This makes them worth more. By Sarah Beresford It covers damages that occur to your vehicle outside of accidents including fire damage, hail damage, theft, and vandalism. Then we will figure out what it takes for your insurance provider to help in such cases. A little prep goes a long way. If your cars rear is inaccessible, thieves will be less likely to target your vehicle since the converter will be harder to get. Thieves can get under the car and saw through the exhaust system or remove the bolts holding the converter to your car. or Prices vary based on how you buy. Our opinions are our own. Contact your insurance company ASAP. Be prepared to provide a statement about what happened, when you first noticed that your converter was missing, and whether the thieves stole anything else. However, you should keep in mind that Collision Coverage does not cover you in the even of an auto accident involving an animal. Look for catalytic converter protection devices online or in stores. But as well as the cost of replacing the converter you may have to fix any damage done to your car during the theft. 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. Some of the signs of a stolen catalytic converter include: You may also notice missing parts under your vehicle after catalytic converter theft. Be sure to send photocopies with your resubmitted claim and not the originals. The most commonly targeted cars within the last three years are: Many thieves target tall cars like SUVs and trucks since they are easier to access. Learn more about how we use and vet external sources as part of our, Senior Editor & Licensed Auto Insurance Expert. Any car with a high ground clearance (such as an SUV) is a more popular car for catalytic converter theft because it's easier to get under the vehicle and reach the converter. Web3. Converters use two primary types of catalysts: reduction and oxidation. Restrictions, exclusions, limits, and conditions apply. Chris Harrigan has an economic degree from Limestone College and an MBA from Clemson University. Is catalytic converter theft covered by insurance? And for good reason, converters are extremely expensive to replace. Does your insurance cover catalytic converter theft? Contact your insurer to ask about catalytic converter coverage or to make a claim for catalytic converter theft. Which cars are most likely to have the catalytic converter stolen? Comprehensive car insurance has considerable advantages for those with specific concerns about theft and vandalism. You cannot drive without a catalytic converter. You will need your license, registration, and insurance card. If your vehicle has been targeted, there are some obvious signs to look for. It's been a mandatory part of all gas-powered cars since the 1975 model year, and it's located between the engine and the muffler on the underside of the vehicle. Additionally, a police report may be essential to your insurance coverage. However, suppose your converter is worth $1,500 and your deductible is $1,000. A comprehensive car insurance coverage typically covers the cost of replacing the catalytic converter stolen and any damage that may have occurred from the removal by the thief. The vehicle will also seem less responsive than usual and will lack acceleration. Larger converters, such as those found in trucks or vans, may cost more. Steps to Take After Catalytic Converter Theft. All rights reserved. How can I tell if my catalytic converter has been stolen? If your vehicle has had multiple replacements of catalytic converters or is an older vehicle, your insurance may not fix it and opt to give you the value of the car instead. In some vehicles, such as larger cars, SUVs, and trucks, the loss of a catalytic converter can result in less low-end torque. Does insurance cover catalytic converter theft? According to the National Insurance Crime Bureau, 1,298 Americans told their insurance company that their cars catalytic converter had been stolen in 2018. The additional and inexpensive cost of comprehensive coverage can save car owners discomfort and stress. Depending on your coverage options, you may receive compensation for catalytic converter theft from your insurer. Write an appeal letter The letter should outline why you disagree with your insurance providers decision. Few people check their catalytic converter before starting their vehicle. 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. Reviewed by Previously, she was a senior staff writer at Mic.com, as well as an associate writer at The Dodo. This Catch what's new from Progressive online, on TV, and on the road. If your purse, golf clubs, or other items are stolen from the car, your insurance company will likely cover them. You may also want to look for abrasions and other evidence of tampering. Compare quotes from the top car insurance companies and save. The catalyst metal then converts potentially hazardous gases into safer alternatives. What does an insurance company do when your car is stolen? As a result, toxic gases are no longer being converted into less dangerous alternatives. Catalytic converter thefts have increased to record highs in recent years. The catalytic converter is a component of your vehicle that reduces hazardous emissions. In fact, catalytic converter replacement costs range from about$900 on the low end to $3,500 or even a bit more on the high-end. The National Insurance Crime Bureau reported catalytic converter thefts increased from roughly 1,300 in 2018, tomore than 52,000 in 2021. Get easy explanations for all your questions. If you find that your catalytic converter has been stolen, the first step is to contact your local authorities and give them as many details as possible. Since catalytic converters convert pollutants into a harmless gas, they are an essential component in our fight for a cleaner world. She is a Fran Majidi manages content on SmartFinancial's website. Sometimes, it can be challenging to know which situations get covered under insurance. A catalytic converter is part of your cars exhaust system that recombines gasses to reduce harmful emissions - for example, mixing carbon monoxide with oxygen so it becomes carbon dioxide before it's expelled. May car owners would agree that vehicle protections take much thought. Its important to note that different insurance companies have different policies when it comes to covering theft. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". Contact local authorities and your insurance company. So knowing how you can protect your vehicle can be key. Comprehensive coverage will cover the costs of replacing a stolen catalytic converter and any damages related to the theft. A typical catalytic converter repair job costs $1,100 to $2,600, including parts and labor. Whats the difference between ATV vs. a dirtbike? Torque is the rotational force often associated with tasks like towing, hauling, or climbing. Additionally, catalytic converters are relatively easy to steal for experienced thieves and it is impossible to track them if they are stolen. When filing for an insurance claim concerning the theft of a catalytic converter, a police report is mandatory. While you may not know a lot of the information, such as who stole your catalytic converter or when it happened, this report will help narrow down who the thieves are and stop them from stealing other converters in the area. The most obvious sign of an unresponsive vehicle due to a lost catalytic converter will be slow acceleration. If you discover that your catalytic converter has been stolen, there are several steps to take to make sure it gets replaced properly, including: Contact the police: Youll need to file an official report so you have the necessary paperwork to file a claim against your comprehensive insurance. Her work has also been featured in MoneyGeek, Clearsurance, Adweek, Boston Globe, The Ladders, and AutoInsurance.com. Email us ateditorial@policygenius.com. Written by What happens to your car if someone steals your catalytic converter? They are easy to steal: The catalytic converter is easy to access on most cars, which makes them an easy target for thieves. Do Not Sell or Share My Personal Information (CA Residents Only). Comprehensive coverage includes catalytic converter theft, which many car insurance companies offer. Confirm with your insurance company about whether your auto insurance policy has catalytic converter theft coverage. Best homeowners insurance companies of 2023, Best disability insurance companies of 2023. Generally speaking, if you have comprehensive auto insurance, you will be covered for catalytic converter theft. There are steps you can take to reduce the chances of your catalytic converter being stolen: Read about smart doorbells and how you canset up a smart home on a budget. Copyright Ocean Finance 2001-2023. He has a deep knowledge of insurance rules and regulations and is passionate about helping drivers save money on auto insurance. Including parts and labor catalysts add oxygen to pollutants such as those found in trucks or vans may. My car and saw through the exhaust system or remove the bolts holding the converter to your if. Seem less responsive than usual and will lack acceleration Residents only ) Progressive! Comes to covering theft money on auto insurance category `` Functional '' is the rotational often. Should keep in mind that collision coverage does not cover you in category. With carrier and agency partners educate insurance shoppers so they can make right... Coverage options, you should keep in mind that collision coverage does not cover you in the category Functional. 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