Replacement catalytic converters for Toyota Prius models typically cost between $2,142 and $2,174. While parts are priced between $2,036 and $2,040, labor costs are predicted to range between $106 and $134. Taxes and other fees are not included in this range, nor are your particular model year or geographic area taken into account.
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How much is a used catalytic converter for a Toyota Prius worth?
When sold as scrap, Toyota catalytic converters can fetch between $75 and $700. Depending on the brand and model of the car, a catalytic converter’s price can change. The Toyota Prius has some of the most expensive catalytic converters.
How much does a catalytic converter for a Toyota Prius cost?
Incredibly, the number of theft claims for Toyota Prius cars from 2004 to 2009 increased 40 times in 2020 compared to 2016.
According to a recent survey from the Highway Loss Data Institute, thieves frequently target second-generation Toyota Prius models to steal catalytic converters.
According to the Highway Loss Data Institute (HLDI), this year’s Toyota Prius has a 40-fold higher likelihood of having its catalytic converters stolen.
Theft of Toyota Prius Catalytic Converters Has Increased 40 Times in Recent Years – Torque News
A common target for catalytic converter theft is the Toyota Prius. Theft has gotten so severe that it hasn’t increased 40 times since 2016 on average. However, Prius is not the sole target. The most often targeted automobiles are listed below, along with what you may do to take action.
San Francisco Toyota’s Catalytic Converter Protection for the Toyota Prius
San Francisco Toyota, conveniently located in San Francisco, CA, now offers Toyota Prius Catalytic Converter Protection.
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Older Prius catalytic converters sell for a lot of money on the scrap market.
Because the price of the precious metals they contain has increased significantly, catalytic converter theft is on the rise nationwide. Here’s how to keep thieves away from your car.
On average, a replacement catalytic converter for a Toyota Prius costs between $2,161 and $2,193. Find out the cost of a repair in your region for free.
North Carolina’s Charlotte (WSOC/CNN NEWSOURCE/WKRC) – Recently, there has been an increase in catalytic converter thefts. This is partially caused by problems with the supply chain and the rising price of the precious metals used in the exhaust system components. The would-be robber was crushed under a car on Wednesday during an attempted theft attempt in North Carolina. According to John Paul, even though a stolen catalytic converter might be extremely valuable, a human life is not worth it. The man was discovered dead under the vehicle.
What is the market value of a used Prius catalytic converter?
Catalytic converters for hybrid vehicles must contain more precious metals than those for gasoline-only vehicles. According to the HLDI, a 2007 Prius converter is currently retailing for around $1,022, whereas a 2007 Ford F-150 converter costs just $143.
Why are catalytic converters for Toyota Prius so expensive?
Stealing catalytic converters off a Toyota Prius is profitable, as is the case with the majority of auto-related crimes. Prices for catalytic converters are high because the precious metals required to produce chemical reactions are costly.
Catalytic converter thefts have been steadily increasing over the past few years, and this trend doesn’t seem to be slowing down.
Since the Toyota Prius is a hybrid, it needs to be as green as possible. Because of this, the Prius has some of the greatest catalytic converters ever put into a commercial vehicle.
Due to how little their converters corrode, hybrid vehicles are primarily targeted for their converters. More money can be made by thieves through unlawful trading the better that precious metal coating is maintained.
The price of rhodium, which is frequently used in hybrid catalytic converters, has soared in recent years and now stands at $14,000 per ounce. It is understandable why stealing catalytic converters might appeal to someone trying to make quick money.
Unfortunately for Prius owners, replacing a stolen catalytic converter isn’t inexpensive. Costs for locating and installing a replacement catalytic converter range from $2,700 to $4,100. In addition to the converter needing to be replaced, the sawing-out damage also needs to be fixed.
Why do thieves target Toyota Prius for catalytic converter theft?
According to a recent study by the Highway Loss Data Institute, theft claim frequency for Toyota Prius cars from 2004 to 2009 was astonishingly 40 times greater in 2020 than in 2016 because of the valuable metals included in its catalytic converter (HLDI).
Thefts of catalytic converters have been rising across the country, going from about 100 per month in 2018 to more than 1,200 per month in 2020. This is due to the fact that recyclers are now willing to pay thieves more for the platinum, rhodium, palladium, and other metals found in the components.
Due to decreased mining output in recent years, which was a trend that was worsened by the epidemic, metal prices have skyrocketed.
Prius is currently being targeted because hybrid vehicles’ catalytic converters require more precious metals to function correctly because they don’t heat up as much as those found on traditional automobiles because their combustion engines only operate occasionally. To put it another way, Prius models provide burglars with a larger haul of precious metals.
Prius fleet owners should be aware of some specific statistics from the HLDI report.
The increase in claim frequency is notable, to begin with. In 2020, there were 58.1 theft claims per 1,000 insured vehicle years for Toyota Prius cars from 2004 to 2009, up from 1.4 claims in 2016. A more than 45-fold rise from $3 in 2016 to approximately $137 per insured vehicle per year in total stolen losses for those Prius vehicles in 2020. In comparison, the frequency of theft claims for all other 20042009 automobiles barely changed between 2016 and 2020, and total losses stayed around $7.
The analysis looks into pricing as well. Older Prius catalytic converters fetch a pretty price, and thieves appear to be aware of this and taking advantage of the trend.
Now compare those figures to the converter employed from 1999 to 2006 in General Motors automobiles like the Chevrolet Impala and Pontiac Grand Am. The converter used in the 2007 Ford F-150 FX4 was only $143, but they were valued at $269.
The bottom line: Compared to newer Prius models and practically any other vehicles on the market, older Prius models command top pay when it comes to selling catalytic converters to recyclers who reprocess them.
Catalytic converter theft is a persistent problem. 1,298 thefts of catalytic converters were reported in 2018, while 3,389 thefts were reported in 2019. The National Insurance Crime Bureau reports that reported catalytic converter thefts increased significantly to 14,433 in 2020.
What’s the value of a Gen 2 Prius catalytic converter?
Thefts of catalytic converters have dramatically increased in the United States in 2021, and a recent investigation reveals that criminals are particularly after the component installed in the second-generation Toyota Prius. The number of insurance claims affecting Prius models from 2004 to 2009 is rapidly increasing.
Even while the hybrid system is indirectly to blame, the irony of removing the catalytic converter from a so-called “green” automobile is not what motivates thieves to crawl beneath an old Prius. The catalytic converter put on this kind of the hatchback, according to the Highway Loss Data Institute, is constructed with more valuable metals than the one found on, example, a Land Cruiser, because it doesn’t get as hot since the engine isn’t always running. The cost of metals like platinum, rhodium, and palladium is rising, and as a result, thefts are also increasing.
To put things in perspective, the theft claim frequency for the Prius from 2004 to 2009 was measured at 58.1 per 1,000 insured vehicles in 2020, a sharp increase from 1.4 in 2016. Tellingly, between 2016 and 2020, the frequency of theft claims for other models from that timeframe did not significantly increase. There’s a valid explanation for this: According to the same article, a second-generation Prius’ GD3+EA6 catalytic converter may be purchased for roughly $1,022. A third-generation model’s cut one will be worth roughly $548. The catalytic converter in a 2007 model is worth about $143, so thieves who can’t find a Prius but are surrounded by Ford F-150 pickup trucks won’t make nearly as much money.
The Highway Loss Data Institute cautions that because its database lacks details about the particular component that was stolen, it cannot determine the difference between a stolen catalytic converter and a stolen OZ Racing alloy. But it also noted that each claim’s monetary value provides some insight into the specifics of what was stolen. The average cost to replace a catalytic converter, which is a component of the exhaust system, is between $2,500 and $3,000, and the number of claims in that price range has drastically risen lately.
You can’t hide, lock, or LoJack your catalytic converter, so keeping it secure and fastened to your automobile is harder said than done. The prospects of locating it after it has vanished are slim because it is not a part that is branded with the vehicle identifying number (VIN) of the car.
Which vehicle has the most stolen catalytic converters?
Despite the fact that thefts of catalytic converters are frequently crimes of opportunity, many criminals target particular vehicles because of the cost of the catalytic converter, the prevalence of the vehicles, and the ease with which the catalytic converter may be accessed.
CARFAX discovered that the following automobiles are the most frequently targeted for catalytic converter theft by consulting their partner repair facilities:
These are merely the models, though, whose catalytic converters are stolen most frequently. Depending on a few additional conditions, your car may also be vulnerable to catalytic converter theft. Here is an example of the car kinds that are even more vulnerable to catalytic converter theft:
Luxury vehicles
With a staggering price tag of $3,770 per unit, the Ferrari F430 wins the Most Valuable Catalytic Converter Award. Given that the F430 has two converters, they make for a sizable target for thieves.
Catalytic converters for Lamborghinis are likewise exceedingly expensive, costing on average $3,000 each.
Hybrid vehicles
The catalytic converter of a car tends to be more valued the more emission-friendly the vehicle is. The entire cost of these automobiles rises because they require more of the pricey metal palladium.
Older vehicles
Catalytic converters in larger, older automobiles are more valuable than those in newer, more efficient vehicles because to their concentration of valuable metals and general lack of environmental friendliness.
SUVs and trucks
Two factors influence the targeting of larger vehicles and SUVs. First off, a bigger engine translates into a more expensive catalytic converter. For instance, at a startling $2,000, the catalytic converters on the Dodge Ram 2500 are almost as valuable as those on Ferraris.
Second, their height from the ground makes it simpler for thieves to steal their converters.
Other models with valuable catalytic converters
Of course, there are vehicles that don’t fit into any one category but feature catalytic converters that are more useful for a variety of reasons.
Which catalytic converters sell for the most money as scrap?
The Ferrari F430 reportedly had the most costly catalytic converter, with a whopping $3,770.00 price tag, according to data from 2020. In addition, the F430 required two of these, costing $7,540 before labor for a complete replacement.
Despite the fact that the converter for the Lamborghini Aventador is officially the third most expensive, at $3,120, we’re ranking it second since, like the F430, it needs two converters. The total cost of replacement now stands at $6,240. If you can buy a Ferrari or a Lamborghini, you can probably afford a catalytic converter at any price, it practically goes without saying.
Although it is not as unique as a Lamborghini or a Ferrari, the car with the second (or third) most expensive catalytic converter has a highly well-regarded vehicle line. The Ram 2500, which costs $3,460 for a catalytic converter, has that distinction.
The Ford F-250, which is the fourth most costly car, will cost drivers $2,804, which is a big discount from the top three. The Ford Mustang rounds out the top five with a comparatively low price tag of $1,500. Depending on the type and model of the car, the average catalytic converter costs between $800 and $1,200. In general, the converter costs more the bigger the engine.
Remember that only the cost of the converter unit is included in these costs. If you have a damaged converter, additional exhaust components and labor costs may increase the overall cost of repair.
Which Prius model year has catalytic converter theft?
Older Prius catalytic converters fetch significant values on the scrap market.
According to a recent research from the Highway Loss Data Institute, a rise in the price of precious metals has rendered Toyota Prius vehicles that are more than ten years old a less likely target for thieves.
For Prius vehicles from 2004 to 2009, the incidence of theft claims increased by more than 40 times between 2016 and 2020, according to HLDI analysts. The Prius is being targeted since it is a hybrid vehicle and has valuable metals in its catalytic converter. Due to the fact that hybrids’ combustion engines only operate seldom, their catalytic converters require more precious metals to function properly because they don’t become as hot as those found on traditional automobiles.
According to the National Insurance Crime Bureau, catalytic converter thefts increased from around 100 per month in 2018 to more than 1,200 per month in 2020 as a result of greater pricing for platinum, rhodium, palladium, and other metals present in the components. Even though thieves target different types of automobiles, the catalytic converters from some models fetch greater prices from the recyclers that process them because they include more of the expensive metals.
In 2020, there were 58.1 theft claims per 1,000 insured vehicle years for Toyota Prius cars from 2004 to 2009, up from 1.4 claims in 2016. Overall theft losses for those Prius cars rose from $3 in 2016 to around $137 per insured vehicle year in 2020, according to HLDI, a more than 45-fold increase. In comparison, the frequency of theft claims for all other 20042009 automobiles barely changed between 2016 and 2020, and total losses stayed at around $7. (An insured vehicle year is a common industry measurement; it equals one insured vehicle for a year, two insured cars for six months, and so on.)
“According to Matt Moore, senior vice president of HLDI, auto thieves are aware of their market. “They appear to be aware of which catalytic converters, such those on the older Priuses, command the greatest prices because there is a high demand for them.
The HLDI database does not contain data on the particular component that was reported stolen in insurance claims, although the average claim’s monetary amount offers some hints. There was an increase in claims in the $2,501 to $3,000 range during the high-theft years of 201920. (about the amount needed to replace the catalytic converter and exhaust system, minus the deductible). Most claims for the calendar years 201617 were for losses under $500 or between $1,501 and $2,500.
Only marginal increases in claim frequency and overall theft losses were observed in newer Prius vehicles from 2010 to 2015. Only 1.3 claims per 1,000 covered vehicle years were made for 20102015 models in calendar year 2020, up from 0.8 in 2016. Similarly, overall theft losses for 201015 models in 2020 were $5, up from $3 in 2016.
Catalytic converters must be processed using complex machinery, however with the rise in the price of some metals, bulk scrap purchasers have exploded. Most states forbid cash purchases over a particular amount, and all but a few require buyers to record the seller’s driver’s license number or other legal identification. However, once stolen parts have been sold as scrap, it might be difficult to identify them because catalytic converters are not stamped with vehicle identifying numbers.
Due to decreased mining output in recent years, which was a trend that was worsened by the epidemic, metal prices have skyrocketed. The most modern catalytic converters need more of the pricey metals due to the recently tightened pollution rules.