Insurance company data shows catalytic converter thefts surging in the U.S. in recent years.
is among the states where they are being reported the most, a new report reveals.
In fact, State Farm says they have already received just over 23,000 catalytic converter theft claims in the first half of 2022 alone. According to the NICB report, there were 1,298 catalytic converter thefts in which a claim was filed in 2018, 3,389 in 2019, and 14,433 in 2020.How much money do stolen catalytic converters fetch? Does insurance cover this theft? Adam Abutair is the owner of Meyerland Collision. He explains why these thefts are happening and what can be done to prevent them.So far in 2022, State Farm says the most catalytic convert thefts were reported in California.
State Farms’ ranking of the top five states where claims have been filed by their customers during this time period also includes Illinois in third place with 2,770, Washington in fourth with 1,615, and Minnesota in fifth with 1,550.According to the National Insurance Crime Bureau, catalytic converters contain, platinum, palladium, or rhodium – metals that can be worth hundreds or thousands of dollars per ounce.
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