Catalytic Converters are a necessary component of every vehicle that helps reduce the engine’s harmful emissions. Unfortunately, if you’ve been following the news, you know catalytic converter theft is becoming a real problem in cities across Canada. So, why are these precious commodities being stolen, and what can you do to protect your car? Keep reading to find out.
Why Are Catalytic Converters Being Stolen?
Catalytic converters are valuable because they contain precious metals like platinum, palladium, and rhodium. Unfortunately, these metals can be sold for a nice profit, which is why thieves target them. Unfortunately, anyone with a catalytic converter is at risk of having it stolen, and it can cost thousands of dollars to replace.
How Can You Prevent Your Catalytic Converter From Being Stolen?
There are a few things you can do to prevent your catalytic converter from being stolen:
- Park in a well-lit area
- Install security cameras
- Use a physical device to lock the converter in place
Doing any or all of these things will make it more difficult for thieves to steal your catalytic converter and may deter them entirely. However, if your converter does get stolen, there are a few things you can do:
1. File a police report as soon as possible. This will help create awareness and could lead to the arrest of the thief or thieves.
2. Contact your insurance company. Many companies now offer coverage for catalytic converter theft as an add-on to your auto insurance policy.
3. Get it replaced! A new catalytic converter can cost anywhere from $500 to $2,500 depending on the make and model of your vehicle, so this isn’t a cheap fix. However, it’s important to get it done as soon as possible so you can avoid damaging your engine.
SmartProgram Offers Both Coverage & Protection
The Catalytic Converter Anti-Theft program doesn’t just help to track it down and cover the cost of damages and prevents would-be thieves from even trying. Warning labels on your car’s front windows deter would-be thieves. The stickers say the catalytic converter has been etched with a permanent identification number. If someone tries to remove the sticker, the identification numbers will still be visible; see the flier and dealer package for more details on why SmartProgram is the smart way to protect your Catalytic Converter.