A recent report by the National Insurance Crime Bureau (NICB), a non-profit organization dedicated to identifying, preventing, and deterring insurance fraud and crime, shows that catalytic converter theft is on the rise—the organization reports that the nation experienced more than 64,000 catalytic converter thefts in 2022. This is a costly theft, as a replacement may cost anywhere from $300.00 to $2,500.00, depending on the model, for just the cost of the part,” says AutoZone, a national automotive parts supplier. Add in labor; the replacement cost can exceed $3,000 on some vehicles.
A catalytic converter, located beneath a car, truck, or SUV, is part of a combustion vehicle’s
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