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Catalytic converters are attractive to thieves as they contain three valuable metals: platinum, rhodium, and palladium.
While this kind of theft is not new, recent spikes in these precious metals' value have triggered a spike in thefts.
According to its claims data, State Farm says California ranks first in the country for auto parts thefts and catalytic converter thefts, accounting for more than 30 percent of all claims filed with State Farm.
In 2021, State Farm paid over £23 million for 9,067 catalytic converter theft claims in California, which is a 150% increase in theft claims vs. 2020.
Stolen catalytic converters can fetch between $50 to $500, while victims can expect to pay anywhere from $1,000 to $4,000 to get their vehicle fixed.
Unless the thief is caught in the act, law enforcement can do little to investigate and bring perpetrators to justice.
Marking the catalytic converter under the Grays Bill allows for a detached catalytic converter to be traced back to its original vehicle, and legal ownership can be established.
Below are some simple steps on how to prevent your vehicle from being a target:
Park in well-lit areas
Always lock the vehicle and set the alarm
Park inside a garage
Install motion sensor security lights
Utilize LotGuard for larger parking lots
Remain vigilant
If you own a commercial parking lot, property, or dealership and are concerned about protecting vehicles from catalytic convertor theft, speak to LotGuard today.
LotGuard surveillance units are the ultimate security solution for surface lots and vehicle storage facilities. They detect, deter, mitigate, and report criminal activity 24/7/365.
We can provide LotGuard regardless of your site's power or internet availability; they are fully autonomous surveillance units.
Ready to learn more about how LotGuard can protect your Parking Lots and Properties? Get in touch today for a free quote.