Remember that catalytic converter replacement is covered under comprehensive insurance, not collision or liability coverage. If you have full coverage car insurance, then you should be able to make a claim after your catalytic converter is stolen. Between key fobs and security alarms, car protection can seem like a lot to handle for many drivers. Filing this report will also help when you reach out to your insurance company for more information on the next steps in the process. Comprehensive insurance coverage normally covers the cost of replacing the catalytic converter stolen and any But as well as the cost of replacing the converter you may have to fix any damage done to your car during the theft. The number of catalytic converter thefts in the United Statesjumped from around 3,000 to nearly 14,500 over a single year. Thefts rose even more during the 2020 lockdown due to the increasing value of the metals that are found in catalytic converters. Chat now to ask Flo anything or explore commonly asked questions. Email me direct, or learn more about us, Your email address will not be published. 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. When in doubt, look under your vehicle near the muffler and see if you spot a hole. The same is true of hybrid vehicles, which may retain more precious metals since they burn less gasoline over time, wearing down the catalytic converter more slowly. In states like California, Texas, and Illinois, the average number of thefts per month rosefrom 652 in January 2020 to 2,347 by December of the same year. Is Catalytic Converter Theft Covered by Insurance? Consider calling a tow truck because driving without the converter can be hazardous. You will need your license, registration, and insurance card. The hybrid models often targeted for catalytic converter theft include the older model Toyota Prius, Toyota Auris, Honda Jazz, and the Lexus RX. Best homeowners insurance companies of 2023, Best disability insurance companies of 2023. No matter what type of vehicle you drive, however, there are ways to reduce the risk of catalytic converter theft: Invitations for applications for insurance on assurance.com are made through Assurance IQ, LLC, only where licensed and appointed. Not all insurers are authorized in all states. And for good reason, converters are extremely expensive to replace. Newer cars, however, can have metals in better condition because the converters haven't been subjected to as much wear and tear. You may receive a check from your insurance company for the replacement cost, or it may send the payment directly to the shop. 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. Catalytic converter theft is on the rise as thieves look for quick money by trading valuable metals in converters for cash. Comprehensive coverage covers damage to your vehicle that occurs outside A typical catalytic converter repair job costs $1,100 to $2,600, including parts and labor. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. References to average or typical premiums, amounts of losses, deductibles, costs of coverages/repair, etc., are illustrative and may not apply to your situation. Larger converters, such as those found in trucks or vans, may cost more. Christopher is an internet technology expert and mechanical engineer. The final insurance policy premium for any policy is determined by the underwriting insurance company following application. In some cases,and especially on older cars, the repair will cost more than the car is worth. We also use third-party cookies that help us analyze and understand how you use this website. Your exhaust system contains precious metals that thieves want to sell for a profit. According to the NICB, a new catalytic converter can cost anywhere from $1,000 to $3,000. Rod Knock: Understanding the Causes, Symptoms, and Solutions. Anna Swartz is a senior managing editor and auto insurance expert at Policygenius, where she oversees our car insurance coverage. Senior Managing Editor & Auto Insurance Expert. Car insurance can cover catalytic converter theft, but only if you have the right type of coverage. Your car makes a sputtering sound when you change speeds, Your car doesnt feel like its driving smoothly, There is an increase in exhaust smells or visible exhaust emissions from your vehicle, Theres a load roar when you start your vehicle, and that roar gets louder as you accelerate, Your vehicle displays a check engine light or other warnings. SmartFinancial Insurance is a digital insurance Car insurer Admiral said theaverage cost of a claim was 1,500. If thieves steal your catalytic converter, then you should be able to make a claim under your comprehensive coverage. Shop Around for Comprehensive Car Insurance To Protect Yourself. Catalytic converters are an essential element to your car's exhaust system that minimizes dangerous emissions to make your vehicle more environmentally friendly and less pollutant. 1) Etch your license plate number onto your catalytic converter. The cost of comprehensive coverage varies depending on the company used and the state of residence. Unfortunately, no. Its important to note that different insurance companies have different policies when it comes to covering theft. To file a claim for catalytic converter theft, contact your insurance company. Licensed Agent for 15 Years. Does farmers Identity Shield cover identity theft? Cars with a high ground clearance making access easier are also targeted, including vans and 4x4s. Disclaimer: CarInsuranceCompanies.com strives to present the most up-to-date and comprehensive information on saving money on car insurance possible. Ford Check Engine Light. By Rachael BrennanRachael BrennanSenior Editor & These cookies track visitors across websites and collect information to provide customized ads. This code holds a lot of information, including who your. Call your insurance agent. Does insurance cover catalytic converter theft? WebIf your catalytic converter was stolen, you can file an insurance claim on your comprehensive insurance coverage to help replace your stolen catalytic converter. The cookie is used to store the user consent for the cookies in the category "Analytics". The difference in price is primarily around parts, as labor is generally a small part of the expense. Does your insurance cover catalytic converter theft? You cannot drive without a catalytic converter. 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. While your car will not break down without a converter, you may face fines for driving without one installed. This honeycomb transforms the emissions from dangerous automotive exhaust into safer gases. Park close to a wall, keeping your exhaust pipe as close to the wall as possible. Comprehensive Coverage Includes Catalytic Converter Theft, What to do if Your Catalytic Converter Has Been Stolen, How to Prevent Future Catalytic Converter Thefts. In some cases,and especially on older cars, the repair will cost more than the car is worth. Lets get into this! Can a car run without a catalytic converter? The catalytic converters used in low-emission vehicles like hybrids bring the most money because they contain more of the expensive metals. A bonus with installing an alarm is that some insurance companies may offer a. Which cars are most likely to have the catalytic converter stolen? Save my name, email, and website in this browser for the next time I comment. They will work to see if they can help catch the person who stole your converter. These signs for identifying a missing catalytic converter can help you decide when you need to contact authorities and your insurance company. If your catalytic converter has been stolen, then it may be covered by insurance. Between key fobs and security alarms, car protection can seem like a lot to handle for many drivers. 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. In some cases, the theft of the catalytic converter may result in the car being declared a total loss. The way that the converter is installed can also make a difference. If you dont have comprehensive insurance, youll need to pay for the repair out-of-pocket. Calculate how much you can afford. Comparison shopping should be easy. A typical comprehensive coverage deductible is $250 to $500. 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. A rising trend in the protection of your vehicle concerns its catalytic converter. What Is a Catalytic Get easy explanations for all your questions. When set properly, your car alarm should go off when a car thief starts to saw your catalytic converter away from your vehicle. You may also want to look for abrasions and other evidence of tampering. 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. The vehicle will also seem less responsive than usual and will lack acceleration. Gases such as carbon monoxide can cause headaches, dizziness, and nausea when inhaled. 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. She is a storyteller who believes in the power of words. How to Protect Your Catalytic Converter From Theft. Christa Ehrler is a wordsmith, copywriter, and traveler with over seven years of digital publishing experience. Will My Insurance Premiums Rise After a Catalytic Converter Insurance Claims? All Rights Reserved. Can I Drive Without a Catalytic Converter? This vital component was added to vehicle manufacturing in the 1970s and has become a mandatory part of the automobile industry. Our goal is to be an objective, third-party resource for everything auto insurance related. Park your car in a well-lit area, or install motion-sensitive lights around your house to deter thieves. Disclaimer: We make every effort to ensure that content is correct at the time of publication. Our car insurance industry partnerships dont influence our content. Because the converter is mounted underneath the car, with the proper tools, thieves can remove a catalytic converter inless than two minutes. Many vehicles come from the factory with security systems inside, but older models may not have this feature. Theres a good chance that your insurance might pay for some or all of the repair costs. Former Auto Insurance Claims Manager. Catalytic converter theft may leave some owners panicked for answers with their insurance companies, but drivers can rest assured that there are many options. Is long-term disability insurance worth it. They will check local security cameras and work to see if they can help catch the person who stole your converter. Learn More. This cookie is set by GDPR Cookie Consent plugin. They contain rhodium, palladium, and platinum, and its the value of these metals that are making them attractive to thieves - theyre all precious metals that are more valuable than gold. Get a catalytic converter lock: There are several types of cage-like locks that fit around your catalytic converter, making it more difficult and time consuming for a thief to try to steal it.. Reviewed by Full coverage car insurance includes liability coverage, comprehensive coverage, and collision coverage. Contact your insurer to ask about catalytic converter coverage or to make a claim for catalytic converter theft. Provide as much detail as possible, referencing your insurance policy where appropriate. In 2020, insurance claims for a stolen catalytic converter ranged from $500 to $3,000. Additionally, a police report may be essential to your insurance coverage. Steps for filing a claim with your insurance company to replace your stolen catalytic converter Policygenius uses external sources, including government data, industry studies, and reputable news organizations to supplement proprietary marketplace data and internal expertise. For example, if your converter is worth $3,000 and your deductible is $500, you would pay $500, and your insurance company would pay the remaining $2,500. 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. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. You may also notice a foul odor from the unclean exhaust now exiting the vehicle. The additional and inexpensive cost of comprehensive coverage can save car owners discomfort and stress. Learn more about how we use and vet external sources as part of our, Senior Editor & Licensed Auto Insurance Expert. Policygenius content follows strict guidelines for editorial accuracy and integrity. How much is a catalytic converter worth in the UK? Since the cost of fixing a vehicle after catalytic converter theft without your insurance companys assistance can, easily be more than several thousand dollars. All insurance rates, products, and services are presented without warranty and guarantee. You will need your license, registration, and insurance card. Get a quote for repairs: Reach out to your mechanic and get a quote for the cost to replace your catalytic converter. Thieves target catalytic converters for two main reasons: In addition, catalytic converters are widely available. 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. Still have questions? Thus, the initial tell of a stolen catalytic converter is a very loud startup and running sound. An annual cost of $100 to $300 ($8 to $25 a month) can Does my car insurance cover me in other cars? If you want confirmation that your insurance will cover your car in the event of catalytic converter theft, call them and ask directly. With identity theft becoming more common and costly, having Farmers Identity Shield may give you some peace of mind for only pennies a day. What to do if your car is stolen or vandalized. How can I protect my catalytic converter from theft? Christa Ehrler is a wordsmith, copywriter, and traveler with over seven years of digital publishing experience. Learn about our editorial standards and how we make money. If your catalytic converter has been stolen, then follow these steps to repair your vehicle and make an insurance claim: Many drivers dont realize their catalytic converter has been stolen until they start driving. What Are the Best Auto Insurance Companies for Seniors? Thieves will target any vehicle, including buses! Are all Farmers Insurance policies available in every state? Generally speaking, if you have comprehensive auto insurance, you will be covered for catalytic converter theft. However, if your motor is noisier, it is time to look for other signs. As the name suggests, collision insurance only covers damages caused to your vehicle by another vehicle. Please note, comments need to be approved before they are published. Comprehensive coverage can help cover repairs and losses from catalytic converter theft. 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. Any car with a catalytic converter can be targeted, but some cars are more common targets than others. Generally, this coverage has an approximate annual cost of $100 $300. Cookies in the process note, comments need to contact authorities and your insurance.. Install motion-sensitive lights around does farmers insurance cover catalytic converter theft house to deter thieves and nausea when inhaled comprehensive... 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Is noisier, it is time to look for abrasions and other evidence of tampering expert! Larger converters, such as carbon monoxide can cause headaches, dizziness, services. And repeat visits converter theft, but some cars are most likely to have the type... Making access easier are also targeted, including who your traveler with over seven does farmers insurance cover catalytic converter theft of digital publishing experience the! Cases, and services are presented without warranty and guarantee steps in the 1970s and has a... If you have the catalytic converter standards and how we use and vet external sources as part the... The cookies in the category `` Analytics '' cover your car will not be published trend in protection. Target catalytic converters used and the state of residence automobile industry anything explore. Third-Party cookies that help us does farmers insurance cover catalytic converter theft and understand how you use this website your insurance company will to. 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