50,000 airbags are stolen every year costing insurance companies and owners

50,000 airbags are stolen every year costing insurance companies and owners

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Social Studies, Business, Architecture

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Airbag thefts are on the rise, with over 50,000 stolen annually, causing $50 million in losses. The theft process is easier than catalytic converters, and stolen airbags are sold on the black market for $50-$200. Victims face high replacement costs, and prevention is challenging without a garage. Vehicle thefts have increased by 1% nationwide since 2019.

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