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Crime explosion adds £630 to car cover

Crime explosion adds £630 to car cover  Catalytic converter theft increases five-fold 2 May 2021 • 5:00am Victims of car theft face a rise in insurance premiums amid an epidemic of motor crime across the country. Nearly 75,000 vehicles were stolen in 2020, a 33pc rise on the previous year, according to the Driver & Vehicle Licensing Agency (DVLA), and victims of these crimes have seen their insurance premium rise by as much as £630 a year, according to GoCompare, the price comparison service. Hybrid vehicle owners are particularly vulnerable after a five-fold increase in catalytic converter thefts. In London alone nearly 15,000 such thefts were investigated in 2020, compared with 9,500 the previous year, according to the Metropolitan Police.

Warning issued over catalytic converter thefts

Date: 26 April 2021   |   Author: Sean Keywood Thefts of catalytic converters from vehicles have hit an all-time high, according to insurer Admiral. It said an analysis of its claims data found a 44% year-on-year increase in thefts in 2020, while March 2021 saw a 57% increase in thefts compared with the same month in 2020. Thieves are said to be targeting the devices because they can include precious metals such as gold, platinum and palladium. Admiral said the average cost of a claim for a stolen catalytic converter was more than £1,500, and that hybrid vehicles were targeted most often, as these featured a higher concentration of precious metals.

Catalytic converter thefts at all-time high as claims soar by 57%

Catalytic converter thefts at all-time high as claims soar by 57% Grace Gausden For This Is Money © Provided by This Is Money MailOnline logo Catalytic converter thefts are at an all-time high, with a 44 per cent increase in claims in 2020, compared to 2019, new research has revealed. Thefts remain high so far in 2021 with a 57 per cent increase in claims for catalytic converter thefts in March this year compared to the same month last year, according to data from Admiral Insurance. The insurer is warning motorists to be vigilant as the figures show no sign of slowing down.  Prices can be high with the average cost of a claim for a stolen catalytic converter coming in at more than £1,500, depending on the amount of damage the thieves caused and the type of car targeted. 

Catalytic converter thefts are at an all-time high as claims soar by 57% this March

Catalytic converter thefts are at an all-time high, with a 44 per cent increase in claims in 2020, compared to 2019, new research has revealed. Thefts remain high so far in 2021 with a 57 per cent increase in claims for catalytic converter thefts in March this year compared to the same month last year, according to data from Admiral Insurance. The insurer is warning motorists to be vigilant as the figures show no sign of slowing down.  Prices can be high with the average cost of a claim for a stolen catalytic converter coming in at more than £1,500, depending on the amount of damage the thieves caused and the type of car targeted. 

Surge in UK catalytic converter theft continues despite Covid lockdowns

Surge in UK catalytic converter theft continues despite Covid lockdowns
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