State Farm Insurance claim data shows a dramatic drop in catalytic converter theft claims for the first half of 2023 compared to 2022. This is good news. A previous story published in 2022 showed a significant increase in catalytic converter thefts over the last several years. Ford and Chevy trucks were and remain prime targets.
State Farm’s most recent data (January 1 to June 30, 2023) shows a decline in thefts for the first time since 2019. There were around 14,500 claims the first half of this year, down from the same time last year when State Farm received over 23,000 catalytic converter theft claims.
Additional claims data from first half of year 2023:
- 14,500 claims, totaling approximately $41.7 million paid to customers to repair car and replace the stolen part
- Average claim in first half of 2023 is nearly $2,900
2023: 14,500 claims, $41.7M, $2,900 ave claim (first half of 2023 only)
Top 10 states (first half 2023):
- California with over 5400 claims and $17.8 million paid
- Texas with 1450 claims and $5.1 million paid
- Illinois with nearly 1300 claims and a cost of $2.9 million paid
- Colorado with nearly 670 claims at $2.0 million paid
- New York with over 500 claims and $1.5 million paid
- Pennsylvania with over 480 claims and $1.1 million paid
- Georgia with 410 claims and $898K paid
- Minnesota with 400 claims and $934K paid
- Florida with 330 claims and $896K paid
- Washington with 320 claims and $773K paid
As a reminder, State Farm Insurance encourages drivers to continue following these tips to prevent theft:
- Park inside a garage or in well-lit areas.
- Install a sensitive alarm system.
- Have a security camera pointing at your car in its usual parking spot.
- Engrave your VIN on your car’s catalytic converter.
- To protect yourself, speak with your State Farm agent to make sure that your auto insurance policy covers the theft of your entire vehicle or of its parts, through comprehensive coverage.