Comprehensive car insurance covers theft-related problems, including stolen cars and stolen car parts (like a catalytic converter). Converters may also combine hydrogen (H) and oxygen (O) to create water vapor (H2O). 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. Especially with the surge in catalytic converter thefts. Having your converter stolen is a horrible feeling. Chris Harrigan has an economic degree from Limestone College and an MBA from Clemson University. 4. 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. You cannot drive without a catalytic converter. Catch what's new from Progressive online, on TV, and on the road. As long as your insurance is up to par, then you dont have to worry about the cost of repairs. What cars are targeted for catalytic converter theft? What is a Life Insurance Annuity And How Does it Work? These large repair bills can be impossible for some motorists to meet. The cookie is used to store the user consent for the cookies in the category "Performance". As an example, events that are outside of your control, such astheft, vandalism, glass and windshield damage, fire, accidents with animals, weather, or other acts of nature. We are not responsible for the content of any third-party sites linked from this page. 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. Depending on your coverage options, you may receive compensation for catalytic converter theft from your insurer. Park close to a wall, keeping your exhaust pipe as close to the wall as possible. 124 Local Experts Are Waiting to Hear From You To learn more about auto insurance policies, contact our experts at 1-800-615-5897 or get a quote online in 5 minutes! Look for catalytic converter protection devices online or in stores. 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. You also have the option to opt-out of these cookies. Catalytic converters include valuable metals that attract thieves who wish to grind down the metals and sell them for as much as $30,000 per ounce, Comprehensive coverage includes cases of theft, vandalism, and weather-related incidents that are outside of driver control, Each car insurance company has different costs for comprehensive coverage, but the average is approximately $100 to $300 annually, or $8 to $25 a month. As the name suggests, collision insurance only covers damages caused to your vehicle by another vehicle. Find answers to your insurance questions, insights into current trends, and tools for navigating life in our resource center. Looking for the best possible coverage for catalytic converter theft can be difficult, but we can make it easier. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". 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. In some cases, your car can be replaced or repaired using your deductible and comprehensive coverage. Catalytic converters reduce the impact of harmful gases created by engine emissions. By Rachael BrennanRachael BrennanSenior Editor & WebIf your catalytic converter was stolen, you can file an insurance claim on your comprehensive insurance coverage to help replace your stolen catalytic converter. Policygenius content follows strict guidelines for editorial accuracy and integrity. Compare rates and shop affordable car insurance today. Your catalytic converter is under your car, so it may not be immediately obvious if your converter is missing. Thats a staggering increase of 3900% in converter thefts! Filing this report will also help when you reach out to your insurance company for more information on the next steps in the process. Between key fobs and security alarms, car protection can seem like a lot to handle for many drivers. When hes not at the local autocross event, he can often be found working on one of his cars. Replacing a stolen catalytic converter costs much more than what thieves get from scrap yards. If you seek to protect your vehicle from potential theft, vandalism, or damage to your catalytic converter, use your ZIP code in our free car insurance comparison tool to browse the comprehensive coverage available on the market. Senior Managing Editor & Auto Insurance Expert. As long as your insurance is up to par, then you dont have to worry about the cost of repairs. Stolen catalytic converters are currently worth up to 400 but the value fluctuates as the price of metal goes up and down. Which Cars Are Most Targeted for Catalytic Converter Theft? . Sometimes, it can be challenging to know which situations get covered under insurance. Have you ever had something stolen from your car? In some cases, such as with leased or financed vehicles, the lender may require you to purchase comprehensive coverage. Park close to a wall with the exhaust pipe closest to the wall. Write an appeal letter The letter should outline why you disagree with your insurance providers decision. All insurance rates, products, and services are presented without warranty and guarantee. Then we will figure out what it takes for your insurance provider to help in such cases. Usually, it kicks in once you have paid the deductible portion. Rod Knock: Understanding the Causes, Symptoms, and Solutions. Provide as much detail as possible, referencing your insurance policy where appropriate. 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. All Rights Reserved. Descriptions of all coverages and other features are necessarily brief; in order to fully understand the coverages and other features of a specific insurance policy, we encourage you to read the applicable policy and/or speak to an insurance representative. If your purse, golf clubs, or other items are stolen from the car, your insurance company will likely cover them. As catalytic convert theft rates skyrocket, its more important than ever to protect your vehicle against catalytic converter theft. Drivers who have already started driving, or did not notice these two initial signs, may find that their car is not as responsive as it should be. Get a Life Insurance quote today. If youre able to claim on your insurance, bear in mind that your insurance premiums will probably increase as a result. How Much Does Catalytic Converter Replacement Cost? Theyre found underneath the car with the exhaust system and are designed to help reduce harmful emissions from the car engine. In general, comprehensive insurance coverage protects against damage to your vehicle caused by non-collision events. If approved, your insurer covers the cost of the new converter minus the deductible, which you pay out of pocket. May car owners would agree that vehicle protections take much thought. A Guide to Understanding Insurance Risks, Understanding The Role of Insurance Limits in Your Policy, Personal Liability Insurance: Protecting Yourself From Unforeseen Legal Costs, Loss of Use Coverage: What to Know Before You Need It, Understanding The Different Types of Home Insurance Riders. A vehicle identification number is a number or code assigned to every automobile during manufacturing. Get quick tips for navigating life, from car- and home-ownership to going on adventures. Its important to note that different insurance companies have different policies when it comes to covering theft. If you have comprehensive coverage on your auto insurance policy, then you're typically covered against catalytic converter theft. Preventive measures include: Looking for more information about auto insurance? How Much Does it Cost to Replace a Stolen Catalytic Converter? Car insurer Admiral said the. The National Insurance Crime Bureau reported catalytic converter thefts increased from roughly 1,300 in 2018, tomore than 52,000 in 2021. Car insurance companies have put in provisions across the board to handle the rising threat of catalytic converter thieves and offer advice on spotting tampering or theft. This information may be different than what you see when you visit an insurance provider, insurance agency, or insurance company website. 1) Etch your license plate number onto your catalytic converter. Oxidation catalysts add oxygen to pollutants such as carbon monoxide (CO) to make it carbon dioxide (CO2). Do You Need It? A common indication that your catalytic converter is missing is that your car is louder than usual while driving. Christa Ehrler is a wordsmith, copywriter, and traveler with over seven years of digital publishing experience. This vital component was added to vehicle manufacturing in the 1970s and has become a mandatory part of the automobile industry. The additional and inexpensive cost of comprehensive coverage can save car owners discomfort and stress. Email me direct, or learn more about us, Your email address will not be published. Install a cage around your catalytic converter. This makes the part identifiable to law enforcement. Converters use two primary types of catalysts: reduction and oxidation. The Bottom Line: Does insurance cover catalytic converter theft? Catalytic converters convert exhaust into less harmful gases and any vehicle made after 1974 must have one installed. He has a deep knowledge of insurance rules and regulations and is passionate about helping drivers save money on auto insurance. Unfortunately, it is an essential component of your vehicle and would need to be replaced fairly quickly after a theft. This website uses cookies to improve your experience while you navigate through the website. Can someone drive my car and be covered on my insurance? How much does it cost to replace a catalytic converter that was stolen? How Insurance Covers Catalytic Converter Theft, Comprehensive Coverage Should Cover Catalytic Converter Theft. You may hear sputtering noises, smell exhaust and notice spotty acceleration that may indicate that something is wrong. Lets get into this! If you want confirmation that your insurance will cover your car in the event of catalytic converter theft, call them and ask directly. Does renters insurance cover theft from cars? All rights reserved. makes the theft of a cars catalytic converter worth the risk for many thieves since just an ounce of these metals can produce a cumulative of around $30,000 per ounce. Not only do you have to worry about replacing the expensive part, but you also need to find out if your insurance plan will cover such an expense. Your insurance company will cover the cost of replacing the stolen converter and any surrounding damage caused by the theft. GMC Check Engine Light. Be sure to send photocopies with your resubmitted claim and not the originals. After you pay your deductible, your insurance should cover the full cost of repairing or replacing your catalytic converter, up to the value of your vehicle or the limits of your policy. Call your insurance agent. Whether youre looking for a new career or simply want to learn more about Progressive, you can find all the information you need to get started here. If you discover your catalytic converter has been stolen, take your car to a mechanic immediately. Save my name, email, and website in this browser for the next time I comment. , it is imperative to decrease the risk of future thefts as much as possible. This cookie is set by GDPR Cookie Consent plugin. Insurance carrier website ranking by Keynova Group Q4 2022 Online Insurance Scorecard. This cage-like device is installed around the converter, making it more challenging and time-consuming to access and steal. The cost of labor to put the new converter on will add to the price. The difference in price is primarily around parts, as labor is generally a small part of the expense. If your catalytic converter has been stolen, you can file a comprehensive claim. Comprehensive coverage includes catalytic converter theft, which many car insurance companies offer. Car insurance companies have put in provisions across the board to handle the rising threat of catalytic converter thieves and offer advice on spotting tampering or theft. Learn More. Comprehensive insurance coverage normally covers the cost of replacing the catalytic converter stolen and any Not all products, coverages, & discounts are available in every state. Consider having your converter engraved with the car's VIN so it's easier to trace. Get a personalized Health Insurance quote now. You may also notice a foul odor from the unclean exhaust now exiting the vehicle. Itll depend on your insurance policy but if the theft is covered by your insurance, youll need to consider When filing for an insurance claim concerning the theft of a catalytic converter, a police report is mandatory. Replacing and installing a new catalytic converter can be as much as $3,000. The, Cars with a high ground clearance making access easier are also targeted, including vans and 4x4s. Catalytic converters contain precious metals palladium, platinum and rhodium that scrap metal dealers can extract and resell. Jones says an anti-theft device can help. Steps to Take After Catalytic Converter Theft. Calculate how much you can afford. Whether an accident or other loss is covered is subject to the terms and conditions of the actual insurance policy or policies involved in the claim. It consists of a ceramic honeycomb coated in metals (typically platinum, rhodium, and palladium) that allows dangerous substances in the car's exhaust to recombine and convert into safer gases. 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