Does Insurance Cover Catalytic Converter Theft?

Last Updated on April 4, 2024

Having your converter stolen is a horrible feeling. But there may still be hope that you can get a new one without any cost to you. Does insurance cover catalytic converter theft?

Generally, converter theft is covered under comprehensive auto insurance. Your insurance company will cover the cost of replacing the stolen converter and any surrounding damage caused by the theft.

As long as your insurance is up to par, then you don’t have to worry about the cost of repairs. Of course, your definitive source of answers should be from your direct insurance provider.

And if you recently become victim to catalytic converter theft, don’t feel bad, your not alone.

The National Insurance Crime Bureau reported catalytic converter thefts increased from roughly 1,300 in 2018, to more than 52,000 in 2021. That’s a staggering increase of 3900% in converter thefts!

Truth is, having your catalytic converter stolen is one of the most frustrating experiences a car owner can go through.

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.

Which is why it’s crucial to know what your car insurance covers. Especially with the surge in catalytic converter thefts.

Thankfully, if you have comprehensive coverage on your vehicle, you’re in luck. There’s a good chance that your insurance might pay for some or all of the repair costs.

Let’s dig deeper into the question of, does insurance cover catalytic converter theft. Then we will figure out what it takes for your insurance provider to help in such cases.

This way, you can prepare for any eventuality when it comes to dealing with catalytic converter thefts. Let’s get into this!

When Does Insurance Cover Catalytic Converter Theft?

If you’re a recent victim of catalytic converter theft, then you might be wondering what your recourse should be. And for good reason, converters are extremely expensive to replace. Not to mention an extremely important part of your vehicle.

In fact, catalytic converter replacement costs range from about $900 on the low end to $3,500 or even a bit more on the high-end.

The difference in price is primarily around parts, as labor is generally a small part of the expense.

But the good news is, if you have comprehensive car insurance, then any theft that occurs to your vehicle is covered.

In general, comprehensive insurance coverage protects against damage to your vehicle caused by non-collision events.

As an example, events that are outside of your control, such as theft, vandalism, glass and windshield damage, fire, accidents with animals, weather, or other acts of nature.

A stolen catalytic converter naturally falls under the “theft” category.

In these events, comprehensive coverage will pay to replace the converter, as well as any associated damaged caused by the hasty removal of the converter.

Collision insurance, on the other hand, will not cover catalytic converter theft. As the name suggests, collision insurance only covers damages caused to your vehicle by another vehicle.

Will Deductible Comprehensive Insurance Cover Catalytic Converter Theft?

For those with deductible plans, you may be obligated to pay for the replacement of a converter if you haven’t met your deductible amount yet.

Because, until you hit the deductible amount, you and only you are responsible for covering repair costs on your vehicle. This includes replacement of a stolen catalytic converter.

Not All Insurance Coverage is The Same

It’s important to note that different insurance companies have different policies when it comes to covering theft.

If you want confirmation that your insurance will cover your car in the event of catalytic converter theft, call them and ask directly.

Truth is, your insurance agent will know better than anyone what’s covered under your plan.

Does Insurance Cover Catalytic Converter Theft FAQs

How Much is a Catalytic Converter Worth When Stolen?

A stolen catalytic converter sold to a scrap yard can sell for $25 to $500, according to a 2021 report by the Congressional Research Service.

Should I Call The Police if my Catalytic Converter is Stolen?

Yes, you should contact your local police department immediately. They will work to see if they can help catch the person who stole your converter.

Additionally, the police will be able to provide a report which may be helpful in getting insurance to cover the replacement expenses.

How Long Does it Take to Get a Catalytic Converter Stolen?

Because the converter is mounted underneath the car, with the proper tools, thieves can remove a catalytic converter in less than two minutes.

Final Thoughts

In short, if your catalytic converter is stolen, you’ll likely be covered under comprehensive auto insurance but not collision insurance.

Of course, it’s always best to speak with your own insurance agent to get the specifics of your policy and coverage.

And if you don’t have comprehensive auto insurance, now might be a good time to consider adding it to your policy. Have you ever had something stolen from your car? What did you do?