0
Doubtful.. Comprehensive Collision auto insurance is based on vehicle value which can be greatly affected by having a salvage title. The amount that the vehicle value can vary by having such title issues varies by vehicle. If you could find an insurance company to write such a policy it would most likely be a high risk carrier. This would be due to the greater potential of the vehicle becoming totaled out at value which is now considered lower than book value due to the title status.
Some carriers will write policies for specialty vehicles and classic cars which insure the vehicle for a specific value. These policies are typically higher rated due to higher cost of repair, ability to obtain parts, and other various exposures that can exist. These types of policies also typically require a vehicle appraisal performed by a reputable company. I am unsure as to whether or not a salvage title would disqualify you from such a policy but you may want to look into it.
Liability insurance is a different story. Some insurance carriers may require a vehicle inspection to ensure that the vehicle has been properly repaired. This would be to ensure that the vehicle is safe to operate.
Think of it this way.. Insurance is like gambling. They are trying to bring in more money in premium than they pay out in losses. The likely hood of a policy costing more in premium due to issues such as salvage title, antique car, specialty car, whatever the case may be; If it puts any additional risk or potential for loss it will be reflected in your insurance premium. Again, that's only if you can find a carrier to underwrite such a policy. Good luck!
Add your answer:
Earn +20 pts
What to do or should know when your auto insurance salvages a vehicle?
In the U.S., Auto Insurance companies do not salvage a vehicle. If the vehicle claim is paid out as a total loss it is sold or auctioned off to a salvage or a junk yard. The junk yard may crush the vehicle for scrap metal value or salvage parts from the vehicle or even to re-title the car on a salvage title but this is totally up to the salvage yard or whomever the yard then re-sells the vehicle too.
What is Insurance Auto Auctions?
Insurance Auto Auctions is a large salvage auto auction based in North America. The company allows buyers access to bid on and acquire total-loss vehicles, such as those recovered from theft or rental vehicles damaged by a collision.
What information do you need to get auto insurance?
Auto collision insurance weiver of deductable
What insurance is needed in case of a car collision?
Collision coverage, also known as auto collision insurance, is the part of your auto insurance that most always pays for damages to your vehicle in the case of an accident.
Can you put full coverage insurance on a car with a salvage title car in Minnesota?
On every auto application, there is a question will ask: "Does the vehicle have a salvaged or branded title?" If this is the case, you will not be able to put full coverage, (comprehensive and collision coverage) on the vehicle. Sometime you can get special exceptions from your insurance carrier to get the full coverage put on if all damage was repaired. It is much harder to get full coverage on a salvaged title vehicle.
How much does an auto salvage title depreciate a car?
a lot
What is a type of auto insurance that covers damages to the car resulting from collision with another car or object?
It's called Collision coverage and is usually purchased along with Comprehensive coverage when you buy your auto insurance. If you purchased the collision coverage option when you bought your auto insurance policy it will be covered.AnswerThird party car insurance.
Which insurance companies offer collision insurance?
The forthcoming insurance companies offer collision insurances: Insurance4CarHire, Auto Rental Collision Damage Waiver, Rental Cars and the Collision Damage Waiver, etc.
Does homeowners insurance cover your car when it rolls down a steep driveway into a tree?
No. Your homeowners Insurance Policy does not cover Auto Collision. You will need to file on your Auto Insurance under your Vehicle Comprehensive and Collision Coverage.
If you purchase an auto with a salvage title does that mean the vehicle is no longer road worthy?
It does not mean that the auto is not road-worthy. What it does mean is that the auto has previously been in a wreck and considered totalled by the insurance company. Many times, an insurance company determines it is cheaper to "total" the auto than to pay the costs to repair it. Auto body and repair shops will scout around for later model autos that have been "totalled" and buy them to repair and re-sell. The shops will usually check and make sure that the frame is not bent and that most of the damage is just body damage. Because the auto has been previously "totalled", the title is issued as a salvage title.
Can i ask my auto insurance to help me even i don't have collision?
yes
When is it appropriate to remove collision from your auto insurance policy?
I don't think you can legally. If your car is still being paid for the lien holder requires the collision insurance.
