• Discounts and special offers
  • Subscriber-only articles and interviews
  • Breaking news and trending topics

Already a subscriber?

By signing up, you accept Moneywise's Terms of Use, Subscription Agreement, and Privacy Policy.

Not interested ?

Top Stories
Photo of a masked car thief Dominik_Spalek/Shutterstock.com

Masked thieves caught on camera targeting cars in Miami — and zeroing in on one valuable part that can cost drivers thousands to replace

Residents at a northeast Miami-Dade apartment complex recently woke up to a costly surprise after masked men smashed windows, tore apart steering wheels and stole one vehicle from the building’s parking lot — all in pursuit of a high-value car part that can leave drivers facing a repair bill in the thousands.

According to NBC 6 South Florida, Miami-Dade deputies responded before 7 a.m. on May 20 to the complex near Miami Gardens Drive and Interstate 95 and found 19 vehicles had been broken into, with one stolen outright. Surveillance footage showed three men moving through the parking lot, with one even crouching to avoid being spotted by a passerby.

Advertisement

Although auto theft itself isn’t new, this specific part has remained a persistent target for years — and for victims, it can turn into a real financial headache.

Why airbags have become popular targets

Airbags are surprisingly valuable on the black market. According to the National Insurance Crime Bureau (NICB), roughly 50,000 airbags are stolen every year, adding up to more than $50 million in annual losses to owners and insurers.

A stolen airbag can be resold for anywhere from $50 to $250, often to shady repair channels looking for cheaper replacement parts. A brand-new airbag, by comparison, can sell for $1,000 or more. That price gap creates a strong incentive for thieves.

The problem got worse after the massive Takata airbag recall that began in 2013 after several fatal incidents. This disrupted supply chains and created an airbag shortage, as suddenly so many were needed for replacement (safety recall replacements are always free to the consumers). Some repair shops are still dealing with the fallout today.

In some cases, legitimate repair wait times stretched for weeks or even months, pushing some buyers toward the secondary market just to get vehicles back on the road. And if you drive a Honda or Acura, you may be an even bigger target.

MotorWeek notes that those brands remain especially vulnerable because of their popularity and because many models are relatively quick for experienced thieves to strip. In some cases, shop owners say an airbag can be removed in less than 40 seconds.

That kind of lightning speed means a single parking lot can be cleared of multiple targets in just a few minutes, especially in poorly lit or lightly monitored areas.

Must Read

Join 250,000+ readers and get Moneywise’s best stories and exclusive interviews first — clear insights curated and delivered weekly. Subscribe now.

Stolen airbags could mean thousands in repairs

The theft itself is bad enough, but the repair bill is where things really start to hurt.

Advertisement

Replacing a single airbag typically costs between $1,000 and $2,000, according to repair-industry estimates from AutoZone’s repair guide. But that’s often just the starting point.

Once labor, programming, sensors, steering wheel components and control-module resets are added, total repairs can climb between $3,000 to $6,000 or more, especially for SUVs, trucks and luxury models.

That’s why even drivers with comprehensive insurance that covers stolen parts can feel the hit — through deductibles, rental-car costs and long waits for replacement parts (if your airbag or any other part is stolen, be sure to find out everything your insurance will cover in that case).

There’s also a safety risk if drivers try to cut corners. The National Highway Traffic Safety Administration (NHTSA) has repeatedly warned about counterfeit or improperly installed replacement airbags, which may fail to deploy in a crash. So even though you can get much cheaper airbags on the online resale or black market, and some of them may be fine, the risk that they are stolen, too old or defective is often too high to take.

For drivers, the best defense is still basic prevention. When possible, prioritize parking in well-lit areas, locking your vehicle, using visible anti-theft devices like steering-wheel locks and reporting suspicious activity quickly.

Because as Miami drivers just learned, thieves aren’t always after the whole car — sometimes it’s one part that’s designed to save your life.

You May Also Like

Share this:
Laura Grande Contributor

Laura Grande is a freelance contributor with nearly 15 years of industry experience. Throughout her career she's written about and edited a range of topics, from personal finance and politics to health and pop culture.

more from Laura Grande

Explore the latest

Disclaimer

The content provided on Moneywise is information to help users become financially literate. It is neither investment, tax nor legal advice, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities, enter into any loan, mortgage or insurance agreements or to adopt any investment strategy. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. We make no representation or warranty of any kind, either express or implied, with respect to the data provided, the timeliness thereof, the results to be obtained by the use thereof or any other matter. Advertisers are not responsible for the content of this site, including any editorials or reviews that may appear on this site. For complete and current information on any advertiser product, please visit their website.

†Terms and Conditions apply.