State Farm: Catalytic Converter Thefts Drop 74%

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 % 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 totaled about $11.2 million—paid for repairs and replacement of stolen parts.

The average claim in the first half of 2024 was 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):