Having heard that there had been a spate of catalytic converter thefts in the local area, the team at PSP Risk and Motor wanted to put some information together to help keep your vehicle safe and secure.
Claims for theft of catalytic converters from cars has increased by over 40% and the vehicles most likely to be targeted are older low mileage petrol hybrid vehicles.
Why is theft of catalytic converters so attractive?
It’s because they contain a honeycomb coated with precious metals such as platinum, palladium and rhodium which help to reduce and filter harmful gases from the vehicles’ exhaust systems. These precious metals can be sold to make money.
Unfortunately, the act of stealing a catalytic converter is relatively easy, but there are steps you can take to make it harder for the prospective thieve.
In order to steal the parts, thieves, need to gain access to underneath your vehicle to use cutting tools to detach the box and pipes. By parking half on the pavement and half on the road you are helping thieves to gain access, therefore ensure you vehicle is parked fully on the road and if possible, park close to walls or fence with your exhaust being closest to the fence, wall or kerb.
Arrange for your catalytic converter to be tagged with a unique serial number, this will make it easy to identify if it is stolen. You may also get a sticker you can put in the window warning would be thieves that you have tagged your catalytic converter.
For a fleet of vehicles arrange the parking with the low clearance vehicles to block the high clearance vehicles, therefore restricting access to the underneath.
If your vehicle is a target and you suspect the catalytic converter has been stolen, contact your insurer and arrange for the vehicle to be inspected for additional damage.
* Catalytic converter theft represented 19.8% of thefts from private vehicles October – December 2019 and 29.7% from January to March 2021, according to Ageas’ claims data.