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How do I buy totalled cars from insurance companies?
I'm on the search for a new weekend project, and I thought it would be fun to fix up a totalled car. I’m just not sure where to start! How can I buy totalled cars from insurance companies?
Ben Guess · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Great question, and kudos to you for taking on such a big project!
Totalled cars
owned by insurance companies usually cannot be purchased directly, but you can easily find them at auto auctions!Auto auctions are a place to buy salvaged, abandoned, impounded or repossessed vehicles. These auctions are run by companies that purchase these cars to resell to consumers or other corporations, and can be attended in person or online.
To find an auto auction near you, check your local junkyard, newspaper, or look around online.
Remember that when you rebuild a car, you’ll have to get it a rebuilt title to replace its salvage title, and finding insurance can be tricky. If you want to find the best deal on the coverage you need, check out the
Jerry
! We’ll get you personalized quotes from top insurers in seconds, so all you need to do is pick the plan that works best for you.Best of luck, and enjoy your new project!
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