From July 1, 2020, to June 30, 2021, claims filed for catalytic converter theft grew close to 293% nationwide reaching 18,000 instances as compared to the 12 months prior, which amounted to an estimated 4,500 instances, according to new claims data from State Farm Insurance.
In terms of payouts, the total paid to customers during the most recent 12-month period was a whopping $33.7 million, while during the previous 12-month period it was slightly below $9 million.