Can I buy a car back from a car insurance company?

I was involved in what seemed like a minor fender bender a few months back, but my truck was declared a total loss. I know a bit about cars and my friend is a mechanic, so we thought it might be a fun project to fix the truck. The insurance company has it now, but I wondered if I could buy it off them before they scrap it?

Yes, you may be able to buy your vehicle back from the car insurance company, but you must inform the company of this as soon as possible.
Once the vehicle is sent to a salvage yard, it is doubtful you will be able to reclaim the car, so you will want to move quickly to make your interest clear to your car insurance company. Additionally, if a claim settlement has been reached or already paid out, it is unlikely you will be able to recover the vehicle. Finally, not every state or insurance company will allow you to maintain ownership of the car.
Your insurance company or the DMV will be able to answer questions more specific to your situation.
Hopefully, the project goes well and you get your truck back on the road! However, keep in mind that even if the vehicle is running properly again, it may be difficult to find insurance for the car or it may be entirely uninsurable, especially if it has a salvage title.
You can make the process easier by letting Jerry shop for you and generate quotes from up to 50+ car insurance companies, including Nationwide and Allstate. They even have agents ready to help you purchase and answer any car insurance questions you may have!
Jack Walsh
Answered on Oct 22, 2021

Did this answer help you?

Ask us a question by email and we will respond within a few days.

Have a different question?

You can meet us at our office and discuss the details of your question.
Let Jerry’s experts help you find savings on your car insurance!
No long forms or spam · Get quotes from 40+ carriers
Find insurance savings (100% Free)
rating primary
4.7/5 Rating on App Store

Easiest way to compare and buy car insurance

No long forms
No spam or unwanted phone calls
Quotes from top insurance companies
Find insurance savings — it's 100% free