State Farm Reports First Drop in Catalytic Converter Theft Claims Since 2019

Claims dropped from over 23,000 to approximately 14,500 in the first half of 2023, attributed to increased media attention, legislative efforts, and declining metal prices.

State Farm reported a significant decrease in catalytic converter theft claims in the first half of 2023, marking the first such decline since 2019.
The total number of claims fell from over 23,000 in the first half of 2022 to approximately 14,500 during the same period in 2023.
The insurance company cites increased media coverage, more legislative efforts, and declining metal prices as key factors contributing to this decline.
Catalytic converter thefts have been a rising issue nationwide in recent years, with the devices often being stolen to be melted down for their valuable metals.
State Farm's data provides some optimism in combatting this type of theft, as various efforts seem to be making an impact.