It’s time to consider what insurance companies cover rebuilt titles if you recently bought a car with a rebuilt title or finished repairing a salvage title vehicle so you can get on the road. Which companies, though, provide rebuilt title coverage, and which are the best?
Insurance for Rebuilt Title Cars
The best insurance companies provide coverage for rebuilt title vehicles, but which ones are they? Find all the solutions (and more) right here.
Most people believe that a car’s life is over once it has been deemed a total loss. However, if you have the funds to pay for the necessary repairs and a qualified mechanic to assist with them, you can give a totaled car new life.
It’s time to purchase auto insurance once your rebuilt title vehicle is once again safe for use on public roads. Fortunately, it’s not too difficult to find liability insurance for a rebuilt title.
Finding complete coverage is a little more challenging, but it is still possible. Knowing which providers offer the best coverage options and insurance rates is difficult.
What are the Best Car Insurance Companies for Rebuilt Title Cars?
A rebuilt title is not always covered by insurance, but the majority of big providers (and even a few smaller companies) do.
It can be difficult to choose what insurance companies cover rebuilt titles or even whether the one you want offers coverage in your state. To assist, we’ve put together a list of the top auto insurance providers for rebuilt title cars:
- 21st Century
- American Family
- National General
- Root Insurance
- State Farm
- The General
- The Hartford
How Do I Buy Car Insurance for a Rebuilt Title Vehicle?
The owner of a totaled vehicle typically has three choices: accept the insurance payout, scrap the vehicle, or obtain a salvage title and repair it.
Every state has a different procedure for obtaining a salvage title, but one aspect is always the same: in order to insure a car with a salvage title that has previously been totaled, you must remove the salvage title from the car.
You typically need a mechanic’s statement stating that all necessary repairs have been made to make the vehicle road-worthy in order to clear a salvage title.
Your state’s Department of Motor Vehicles (DMV) should be able to change the title status from salvage to rebuilt once you have this and pass the required safety inspections.
When you have the rebuilt title, it will be easier for you to look for rebuilt title auto insurance. To qualify, many providers, however, demand additional inspections in addition to those mandated by the DMV.
Most of the time, an insurance agent or customer service representative can give you all the details you require to be eligible for rebuilt title car insurance with a specific company.
How Much Does Rebuilt Title Insurance Cost?
Contrary to popular belief, auto insurance for a vehicle with a rebuilt title can be quite affordable. This is due to two main factors.
First off, a car with a rebuilt title typically has a lower market value than one with a comparable clean title.
Second, the majority of auto insurance providers only provide liability protection for rebuilt salvage cars.
Compared to other types of auto insurance, such as full coverage, liability is typically much more affordable. But how cheap exactly are we talking about here? Your car and the provider or providers you’re shopping with will determine this.
Comparing auto insurance quotes from various providers is the best way to discover the lowest premiums.
Can You Get Full-Coverage Insurance for a Rebuilt Title Car?
Yes, but not all service providers do. Only a small number of insurance companies will offer a policy with collision coverage and comprehensive coverage; the majority only offer liability-only coverage for rebuilt title vehicles.
Yet why? You ought to be able to fully protect the vehicle if it is truly road-ready once more, right? Unfortunately, even though your car may be road-worthy, the fact that it was once totaled isn’t just recorded in the car’s history—it’s actually written there.
Your car will never be as reliable or secure as it was when it first rolled off the assembly line, no matter how well you or your mechanic repair it.
The previous damage could have compromised the vehicle’s safety features as well as left behind problems that might take some time to manifest. The value of your vehicle has decreased as a result of these possible underlying problems.
This makes it simple to find affordable auto insurance (at least for a liability-only policy). But everyone is familiar with the adage “You get what you pay for.”
The insurance industry is aware that a payout for damages is more likely than it would be if your car had a clear title because it is less likely to be able to withstand a collision or even the stresses of severe weather.
The majority of providers are simply unwilling to take that chance. Fortunately, some of them are. The following companies do provide full-coverage options for vehicles with rebuilt titles:
- American Family
Remember that just because these companies offer full coverage for rebuilt title cars doesn’t mean you’ll automatically be eligible for it.
Before providing a quote for coverage, the majority demand that the car pass a series of thorough inspections. Additionally, companies like USAA only offer insurance to active-duty military personnel and their immediate families.
Which Car Insurance Companies Don’t Cover Rebuilt Title Cars?
You might be wondering which providers we meant when we said they don’t offer coverage options for rebuilt title cars. This question has a somewhat complex answer.
First, remember that just because an insurance provider provides coverage for rebuilt title vehicles generally, it doesn’t necessarily mean that they do so in your state.
However, Direct Auto, Liberty Mutual, and Travelers are the only three providers that do not provide any kind of coverage for rebuilt title cars.
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We do hope that you keep these vital tips on what insurance companies cover rebuilt titles in a safe place, you will be good for it.