State Farm Sees a Significant Dip in Catalytic Converter Theft Claims in H1 2023

State Farm has reported a decline in catalytic converter theft claims in the first half of 2023.

According to the company’s latest data, there were approximately 14,500 claims related to catalytic converter thefts during this period, marking a significant drop from the 23,570 claims made in the same period last year.

In the first six months of 2022, State Farm said it paid $50 million in catalytic converter theft claims. This year, however, the amount has decreased to $41.7 million.