The Expert Podcast

How big is the problem of theft of catalytic converters? Well here's an article that shows that one insurance company just State Farm by itself has paid out more than 50 million dollars on catalytic converters. It's a huge amount so as this becomes more ubiquitous you may find that insurance rates goes up.
Take a look at what options you have for protecting your catalytic converter because of course you have a deductible on losses on comprehensive losses of your vehicle so even if your insurance company kicks in you know if the replacing the cat costs you 12 or 1300 but you have a 500 deductible that's 500 out of pocket. If you have a thousand dollar deductible you might have more deductible than what the insurance company pays and that might not be worth doing because your rates are going to go up.
So make sure you know what your coverages are make sure you know what options you have to protect your catalytic converter and what steps you can take to lower the risk that it's even going to be stolen in the first place like where you want to park what you can do to make it less of a Target and what devices you can stall on your vehicle to keep you from having that important part of your car an expensive part stolen.