For the second year in a row, State Farm auto claims data has revealed a significant drop in catalytic converter theft claims.
There was a 74 percent drop for the first half of 2024 compared to the same period in 2023.
There were over 3,800 claims the first half of this year, down from the same time last year when State Farm received over 14,800 catalytic converter theft claims.
The claims from the first half of 2024 comprised approximately $11.2 million that was paid to customers to repair car and replace the stolen part.
The average claim in the first half of 2024 totaled nearly $2,900.
For comparison:
2019: 2,500 claims, $4.7M, $1,900 avg claim
2020: 10,000 claims, $20.9M, $2,100 avg claim
2021: 32,000 claims, $73.7M, $2,300 avg claim
2022: 45,000 claims, $115.4M, $2,500 avg claim
2023: 21,200 claims, $62.5M, $2,900 avg claim
2024: 3,800+ claims, $11.2M, $2,900 avg claim (January 1 to June 30, 2024)
Top 10 states (first half 2024):
- California, with over 2,000 claims compared to 5,400 claims in 2023
- Illinois, with 540 claims compared to nearly 1,300 claims in 2023
- New York, with nearly 200 claims compared to over 500 claims in 2023
- Texas, with nearly 140 claims compared to 1,450 claims in 2023
- Florida, with nearly 115 claims compared to 330 claims in 2023
- Pennsylvania, with over 85 claims compared to over 480 claims in 2023
- Ohio, with 77 claims compared to over 420 claims in 2023
- New Jersey, with over 75 claims compared to 208 claims in 2023
- Minnesota, with 68 claims compared to 400 claims in 2023
- Colorado, with 58 claims compared to nearly 670 claims in 2023