A leading auto insurance company has seen a 650% increase in insurance claims for catalytic converters in the past two years, with the average cost for customers around $1,900. 79% of theft claims were for Honda, Lexus, and Toyota hybrid vehicles. Many thefts occur in parking lots of shopping malls and stores.
Thieves take the devices to scrap metal dealers before being stolen again, this time targeting automobiles with the rarest metals in their catalysts. They also target pickup trucks and other trucks that sit high off the ground, as crawling underneath them is easier. Authorities in Torrance, California, recently completed a three-month crackdown on catalytic converter thieves, capturing 20 individuals.
The most telling characteristic of a missing converter is if your car starts up much louder than normal. Why? The noise is caused by a stolen catalytic converter, which disconnects the muffler.
Your car will also appear less responsive and have less acceleration than usual. Unclean exhaust may also emit a noxious odor. All you have to do is stop or pull over safely and inspect the undercarriage for an obvious hole near the muffler.
If you have standard comprehensive coverage on your auto insurance policy, you are usually protected against catalytic converter theft. Comprehensive coverage on your auto policy may pay to replace the stolen converter and repair any damage caused by its removal subject to the policy terms, but it is best to check with your current insurance agent to ensure you are covered in the event of theft like this. A loss would be subject to any deductible you have on the auto policy.
If you discover that your catalytic converter is missing, you should contact the authorities right away. They will examine local security cameras and work to identify the person who stole your converter. A police report may also be required for your insurance coverage.
Depending on your policy, your auto insurance may cover the replacement of your catalytic converter. You can check with your independent insurance agent to see what your options are and if you are covered.
Lastly, take your vehicle to a mechanic for service. An expert can talk you through your repair options and keep you from driving without your catalytic converter.
After family, the roof over your head and the wheels that get you where you’re going are among the more important possessions in your life. Whether you live in a house, condo or mobile home, and whether you drive a car, truck or motorcycle, Leap | Carpenter | Kemps Insurance Agency will get you the policies you need.