Allstate: Catalytic converter replacements increased nearly 1,200% since 2019


The latest numbers from Allstate show that catalytic converter replacements among its customers grew 1,155% nationally between 2019 and 2022. You read that right: over a thousand percent!

And Allstate is not alone in this pandemic. According to the National Insurance Crime Bureau, a trade organization for the insurance industry, catalytic converter thefts nationwide increased 1,215% between 2019 and 2022.

In many states, Allstate has seen alternatives rise well beyond the national average during this time. In the Pacific Northwest, Oregon and Washington reported increases of over 7,000%. On the East Coast, Pennsylvania, Connecticut and New York rounded out the top five states with increases between 4,500% and 7,000%.

What’s the deal with catalytic converters, anyway? They control your car’s exhaust emissions. They also contain precious metals that attract thieves.

rank state He increases rank state He increases
1 Oregon +7,200% 7 Colorado +3,300%
2 Washington +7,150% 8 Tennessee +3,100%
3 Pennsylvania +6,950% 9 New Jersey +2,767%
4 Connecticut +6,400% 10 nv +2,700%
5 New York +4,583% 11 Texas +2,217%
6 Missouri +4,000% 12 Arizona +2,200%
Top 12 countries by increasing catalytic converter replacements from 2019 to 2022 (Allstate)

“Thefts of catalytic converters have exploded during the pandemic,” says Craig Edmunds, Allstate’s vice president of physical damage claims for automobiles. “Disruptions in the supply chain have increased the value of these parts. And because they are relatively easy to steal, theft rings have proliferated, creating a multimillion-dollar black market enterprise. Fortunately, there are ways to protect yourself from becoming a victim.”

Check your insurance coverage

Comprehensive coverage like that offered by Allstate can pay to repair or replace a covered vehicle damaged by vandalism, theft, or attempted theft.

“Having the right insurance policy can be beneficial for both your wallet and your peace of mind,” says Edmunds. “Without comprehensive coverage, you could end up paying thousands of dollars in parts and repairs if the catalytic converter is stolen.”

Try to prevent theft

You can help make the catalytic converter — and the car — less attractive to thieves:

  • Park in well-lit areas and near building entrances.
  • If a garage is available, park your car inside and close the garage door.
  • Use an alarm system to alert thieves that the vehicle is protected.
  • See if your local repair shop or police department can help. This could include:
    • Install a steel plate or cable directly covering the catalytic converter to prevent it from being stolen.
    • Paint the adapter a bright color and put your vehicle identification number (VIN) on it.

Allstate is a proud member of the National Association of Mutual Insurance Companies (NAMIC), which has supported state legislation designed to reduce catalytic converter thefts, including making it more difficult to resell stolen parts and introducing tougher penalties for thieves.

From comprehensive coverage to savings for safe driving with Drivewise®, Allstate offers a suite of affordable, simple, connected solutions to protect drivers and vehicles. Find out more at Allstate.com or follow @Allstate on social media.


Views after: 181



Source link

Home Page

Facebook

Instagram

Linkedin

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors