Thefts of catalytic converters are on the rise. Catalytic converter thefts increased by over 31 percent in 2021. Policyholders have had to file insurance claims against their auto insurance to cover this rash of thefts. Why is this happening? What do policyholders need to know about catalytic converter thefts and car insurance? The team at Streamline Insurance is here to give you the lowdown on this new phenomenon. 

Basics of Catalytic Converter Thefts and Car Insurance

Catalytic convertesr are like a special filter for your car’s exhaust system that reduces toxic emissions. It is found on the underside of gas-powered vehicles, and it’s vulnerable to thieves because it contains precious metals that filter out the emissions. Thieves have a financial incentive to target catalytic converters, but you can take steps to protect you and your car. 

Steps to Prevent Catalytic Converter Theft

Car insurance claims for stolen catlytic converters are inconvenient, at best. To avoid this headache, the best thing you can do is try to deter thieves from targeting your car. Here are some simple steps you can do to try and avoid filing an auto insurance claim for your catalytic converter:

Etch Your License Plate Number

Get your license plate number etched directly onto your converter. This makes the part identifiable to law enforcement. They can then check with local repair shops to see if your converter has been found. Additionally, thieves will often see this marking and give up on the theft. 

Practice Proactive Parking

An easy way to protect your car from theft is to practice proactive parking. Park in places that are close to entrances and are in public areas. Parking in well-lit areas can go a long way toward deterring thieves. Thieves want to work under the cover of darkness. Denying them this opportunity might scare them away. 

Install Car Alarms

Car alarms and other anti-theft devices can help a lot to deter thieves. Car alarms can be installed for as little as $150, which is far less than a catalytic converter. Furthermore, many insurance companies offer discounts for ant-theft devices. This is a great way to prevent theft, avoiding having to file an insurance claim, and to maybe even reduce your car insurance premiums. 

Final Thoughts

Catalytic converter thefts are on the rise and car owners need to be aware. It only takes a few minutes to steal a converter, which can cost you a lot of money and force you to file a car insurance claim. Even though thieves have a financial incentive to keep up this practice, there are steps you can take to stop them in their tracks. Taking proactive measures to deter theft can make your lives easier and can spare you from a car insurance claim. 

If you have questions about what is convered under your auto insurance, such as catalytic converter thefts, contact us. The professional insurance brokers at Streamline Insurance will help you understand all of your coverages and what you can do to improve them.