Texas had a complete of 4,830 instances in claims courtroom – second to California, which had 7,430 claims on the identical time.
AUSTIN, Texas — A brand new report ranked Texas second for essentially the most catalytic converter thefts within the U.S.
The new report put out by State Farm Insurance exhibits that catalytic converter thefts have elevated by greater than 400% since 2019. From 2019 till August 2022, State Farm has paid greater than $70.6 million to insurance coverage prospects to get well from a catalytic converter theft.Â
In that very same time interval, Texas residents have taken up $1.2 million of that insurance coverage payout. Texas had a complete of 4,830 instances in claims courtroom – second to California, which had 7,430 claims on the identical time.
As of August 2022, Texas residents have skilled a 30% improve in thefts this yr, even earlier than the vacation months. In 2021, the vacation months – September, October, November and December – had the very best quantity of claims for the thefts.
Catalytic converter thefts have continued to rise as a result of they’re simple to entry and take away from underneath a automotive. Thieves unbolt and take away the converter from the steel suspension system close to your automotive’s tires.Â
The metals from catalytic converters embrace platinum, palladium and rhodium, all of which might be resold for lots of to 1000’s of {dollars} per ounce. If your car’s catalytic converter is stolen, it will probably price you upwards of $3,000.Â
State Farm recommends that you simply examine together with your insurance coverage agent to substantiate your car coverage to make sure that theft of any sort is roofed for your whole car. Additionally, anti-theft safety like cable-locking units or a metal defend might be put in on the exhaust system to cease thieves from stealing the converter.
Other methods you may cease theft is by inscribing your automotive’s VIN quantity on the converter, permitting it to be traceable and parking your automotive in a storage at evening. If each of these choices aren’t possible, make sure you park in a lit space and the sensitivity in your automotive alarm is excessive to permit any motion in your automotive to activate it.Â
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