How do you buy salvage cars from insurance companies?

I need a new car. My friend said that you can buy salvage cars from car insurance companies for cheap. How do you do that?

Answer
Your friend is correct! You can buy salvage cars for less than a regular used car.
Car insurance companies sell salvage vehicles to make money back after having to pay out a claim for a totaled vehicle. Most often, you can purchase salvage vehicles at auction.
Auctions take place online and in person. If you go to an in-person auction, you should have a chance to look over the vehicle before bidding begins.
If you aren’t familiar with cars, bring a mechanic or someone else to look over the vehicles. You want to be sure you’re bidding on a car that you can repair. Otherwise, the low price isn’t worth the hassle. You could end up paying more for the salvaged car than a used car may cost!
Beyond repairing a salvage vehicle, look at the cost to insure it and what type of insurance you can get. Since salvage vehicles require a special title, some insurance companies won’t insure them. If your current company won’t insure a salvage vehicle, you can shop around to find a provider that does.
If you’d rather leave the hard work of gathering quotes to someone else, use Jerry. This free app can collect quotes from up to 50 top insurance companies in seconds!
Emily Maracle
Answered on Oct 25, 2021
Emily Maracle is a car insurance specialist living in New York. Originally from the Pacific Northwest, she has a degree in English Literature and a background in customer service. She enjoys cooking, gardening, and living sustainably. In the future, she can't wait to upgrade to a hybrid or electric car.
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