16,660 to 64,701. That’s the jump in catalytic converter theft insurance claims nationwide between 2020 and 2022 — a 288% increase, per the National Insurance Crime Bureau. California and Texas alone accounted for more than 32,000 of those 2022 thefts. Hybrid converters can fetch recyclers up to $800, versus $50–$250 for a standard one.

Why a Muffler Shield Became a Precious-Metals Target

Converters are valuable for the rhodium, palladium, and platinum packed inside. A thief with a battery saw needs about two minutes, no keys, no alarm.

Hybrids Pay a Premium — for the Wrong Reason

Hybrid converters carry a higher concentration of precious metals to hit stricter emissions targets, which translates directly into black-market resale value.

What Actually Slows a Thief Down

A welded anti-theft shield, VIN-etching, and parking under good lighting all measurably reduce risk, though none is foolproof.