How much does it cost to buy back a totaled car from the car insurance company?

I was in an accident and my car was deemed a total loss. The insurance company paid me the fair market value of the vehicle. However, I have the skills and desire to repair the vehicle, and I want to give it a shot. Is there any way I can buy my totaled car back? And how much will it cost?

Answer
“Taking on a project like this is quite the adventure! The cost of buying back a totaled car from the car insurance company will vary depending on the value of the totaled vehicle and the severity of the damage.
Buying back a totaled car is unique in that no book or online service will provide an exact amount for the car—the insurance company usually just sets a price on its own, which the insurer will typically deduct from your total payout.
You’ll want to act fast, though! If you don’t, the insurance company will put the car up for auction that usually only allows licensed auto salvage companies to bid.
Another good thing to keep in mind is that previously totaled cars can often be difficult to fully insure, and the insurance shopping can be a real headache. Once your car is repaired and ready to go, one of the best (and hassle-free) ways of choosing the plan that works best for you is through Jerry. We’ll get you multiple customized quotes from numerous top-of-the-line providers so that you can choose the plan that works best for you! That way, you can be sure you’ll get your car out on the road again.
Good luck with the repairs—you’ve got this!”
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Eric Schad
Answered on Sep 13, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.
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