How do I buy back my car from the insurance company?

After a pretty serious accident, my insurance company declared my car 'totaled,' and gave me a payout. I want the car, however! How do I buy back my car from the insurance company?

Sorry to hear about your accident!
After a wreck, if the cost to repair your vehicle exceeds the car’s value, the car insurance company may declare your vehicle a total loss. If this happens, they will decide to pay you cash instead of fixing the car and they’ll sell the car to a salvage yard.
There are some instances in which the insurance company will sell you back the vehicle—for example, if you’re planning on repairing the vehicle despite the insurance company’s evaluation or if it has sustained hail damage but the vehicle still works well. There are some states, however, in which you are not allowed to buy back a totaled car.
If you are able to buy your vehicle, you will receive a check for the payout, minus your deductible and whatever the insurance company may have earned off selling the totaled car.
You may need to get a new policy if you repair your car. If that’s the case, check out Jerry. Jerry gives personalized quotes in minutes to help you find the coverage you need at the best prices. Jerry will even help with all of the changeovers!
melanie reiff
Answered on Oct 27, 2021

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