Cheap Car Insurance Companies That Insure Salvage Title Vehicles in 2024 (Top 10 Providers)

Progressive, State Farm and Allstate are the top providers for cheap car insurance companies that insure salvage title vehicles. These top picks offer comprehensive coverage for salvage titles.

Salvage cars attract for various reasons—desire for a specific model or love for car restoration. They’re also a great choice for bargain hunters. To gain more understanding, read through our Does insurance cover restoring cars?.

Our Top 10 Picks: Cheap Car Insurance Companies That Insure Salvage Title Vehicles

What car insurance companies cover salvage titles? Preparing a salvage vehicle for the road presents difficulties. Not every insurer extends coverage to salvage titles, yet driving uninsured is not a viable choice. Although it’s possible to secure insurance for a rebuilt title, the coverage might be limited to liability protection.

Shop for affordable insurance companies accepting salvage titles to find suitable coverage. Finding good insurers for salvage titles can be challenging, but assistance makes it easier. Enter your ZIP code to get started looking at quotes today.

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#1 –  Progressive: Top Overall Pick

Pros

• Online Convenience: Progressive car insurance review offers a user-friendly online platform for easy policy management and claims processing.
• Bundle Discounts: Provides significant discounts for bundling multiple insurance policies.
• Accident Forgiveness: Offers accident forgiveness programs to protect customers’ rates after their first at-fault accident. Cons

Cons

• Limited Local Agent Presence: Progressive may not have as extensive a network of local agents compared to some competitors.
• Potential for Lower Discounts: While online convenience offers substantial discounts, other discounts may be lower compared to competitors.

#2 – State Farm: Best for Local Agents

Pros

• Local Agents: State Farm car insurance review boasts a vast network of local agents providing personalized service and support.
• High Customer Satisfaction: Known for excellent customer service and responsive claims handling.
• Wide Coverage Options: Offers a diverse range of coverage options tailored to meet various business needs. Cons

Cons

• Limited Multi-Policy Discount: The multi-policy discount may not be as high compared to some competitors.
• Potential Premium Costs: Despite discounts, premiums might still be relatively higher for certain coverage levels.

#3 – Allstate: Best for Policy Options

Pros

• Policy Options: Allstate car insurance review offers a wide array of policy options to cater to diverse customer needs.
• Accident Forgiveness: Provides accident forgiveness programs to help protect customers’ rates.
• High Customer Satisfaction: Known for strong customer service ratings and efficient claims processing. Cons

Cons

• Potentially Higher Premium costs: Despite discounts, premiums may still be relatively higher for certain coverage levels.
• Limited Local Agent Presence: The online focus may result in a limited physical presence of local agents, which some customers may prefer.

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#4 – Nationwide: Best for Customizable Policies

Pros

• Customizable Policies: Offers highly customizable insurance policies to meet specific business needs.
• Wide Coverage Options: Provides a broad range of coverage options, including unique add-ons for comprehensive protection.
• Accident Forgiveness: Offers accident forgiveness programs to protect customers’ rates. Cons

Cons

• Potentially Higher Premium Costs: Despite discounts, premiums may still be relatively higher for certain coverage levels.
• Limited Local Agent Presence: The online focus may result in a limited physical presence of local agents, which some customers may prefer.

#5 – Farmers: Best for Bundle Discounts

Pros

• Bundling discount: Farmers car insurance review provides discounts for bundling multiple insurance policies.
• Accident forgiveness: Farmers offers accident forgiveness, helping customers maintain lower rates after a covered accident.
• Customizable policies: Farmers offers customizable policies to meet individual needs and preferences.

Cons

• Potentially Higher Premium costs: Despite discounts, premiums may still be relatively higher for certain coverage levels.
• Limited Local Agent Presence: The online focus may result in a limited physical presence of local agents, which some customers may prefer.

#6 – Liberty Mutual: Best for Budgeting Tools

Pros

• Budgeting Tools: Liberty Mutual car insurance review offers comprehensive budgeting tools and resources to help customers manage their insurance expenses effectively.
• Wide Coverage Options: Provides various coverage options tailored to meet different business needs.
• Local Agents: Employs a network of local agents to provide personalized service and support.

Cons

• Potentially Higher Premium Costs: Despite discounts, premiums may still be relatively higher for certain coverage levels.
• Limited Local Agent Presence: The online focus may result in a limited physical presence of local agents, which some customers may prefer.

 

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#7 – Travelers: Best for Accident Forgiveness

Pros

• Accident Forgiveness: Travelers car insurance review offers accident forgiveness programs to help protect customers’ rates after their first at-fault accident.
• Wide Coverage Options: Provides a diverse range of coverage options to cater to various business needs.
• Local Agents: Employs local agents to provide personalized service and support.

Cons

• Potentially Higher Premium Costs: Despite discounts, premiums may still be relatively higher for certain coverage levels.
• Limited Local Agent Presence: The online focus may result in a limited physical presence of local agents, which some customers may prefer.

#8 – Esurance: Best for Organization Discount

Pros

• Organization Discount: Offers significant discounts for members of affiliated organizations or groups.
• Wide Coverage Options: Provides various coverage options tailored for different business needs.
• Online Convenience: Boasts a user-friendly online platform for easy policy management and claims processing. For more information, read our “How do you get an Esurance car insurance quote?“.

Cons

• Potentially Higher Premium Costs: Despite discounts, premiums may still be relatively higher for certain coverage levels.
• Limited Local Agent Presence: The online focus may result in a limited physical presence of local agents, which some customers may prefer.

#9 – AAA: Best for Big Discounts

Pros

• Big Discounts: AAA car insurance review offers substantial discounts for various criteria such as safe driving, bundled policies, and membership affiliations.
• Wide Coverage Options: Provides a diverse range of coverage options to meet different business needs.
• 24/7 Support: Offers around-the-clock customer support for assistance with policy management and claims.

Cons

• Potentially Higher Premium Costs: Despite discounts, premiums may still be relatively higher for certain coverage levels.
• Limited Local Agent Presence: The online focus may result in a limited physical presence of local agents, which some customers may prefer.

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#10 – Auto Owners: Best for 24/7 Support

Pros

• 24/7 Support: Auto Owners car insurance review offers round-the-clock customer service for assistance with policy management and claims.
• Wide Coverage Options: Provides various coverage options tailored for different business needs.
• Local Agents: Employs a network of local agents to provide personalized service and support.

Cons

• Potentially Higher Premium Costs: Despite discounts, premiums may still be relatively higher for certain coverage levels.
• Limited Local Agent Presence: The online focus may result in a limited physical presence of local agents, which some customers may prefer.

Exploring Coverage Rates: A Comparative Analysis of Top Insurance Providers

Understanding the cost implications for insurance coverage on such vehicles is crucial for individuals looking to insure their salvaged cars. The table provides insights into the average monthly rates for both full coverage and minimum coverage offered by various insurance companies.

It is evident that there is considerable variation among insurance companies. For full coverage, Liberty Mutual stands out with the highest average monthly rate at $174, followed by Allstate at $160. On the lower end of the spectrum, State Farm car insurance review and AAA offer more affordable full coverage options at $86.

Companies That Take Salvage Titles Monthly Car Insurance Rates

In terms of minimum coverage, Liberty Mutual again takes the lead with an average monthly rate of $68, while Auto Owners and State Farm car insurance review offer the most economical options at $33 and $32, respectively. These variations in coverage rates highlight the importance of comparing quotes from different insurers, as the cost of insuring salvage title vehicles can vary significantly based on the provider.

Additionally, factors such as the extent of damage to the salvaged vehicle and the insurer’s policies contribute to the diversity in coverage rates observed in the table.

Car Insurance Companies That Insure Salvage Titles

What insurance companies cover rebuilt titles? Despite the risk, most reputable car insurance companies will give you a liability policy at the very least. Companies that will work with you include:

• Geico
• Allstate
• Esurance
• Statefarm
• Progressive
• The General
• USAA
• Farmers
• The Hartford

Each state has its own rules and regulations regarding salvaged titles. It can be difficult to find car insurance companies that cover salvage titles because they all seem to have different policies regarding salvage companies.

For example, General Direct does not insure salvaged title cars, while State Farm car insurance review only works with salvaged cars declared a total loss by other companies.

Read more: Differences Between Previous Damage Titles and Salvage Titles

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Car Insurance Coverage for Salvage Title

Not all insurance companies will cover a salvaged car. Insurance companies that don’t take salvage titles consider these vehicles higher risk for several reasons:

• Safety issues may be unreported or undiscovered, making the vehicle dangerous to drive
• The value of salvaged cars is difficult to assess
• It’s hard to differentiate between damage done during an accident and damage that already existed

So, if you were wondering is salvage car insurance more expensive, the answer is yes. On average, the surcharge is a 20% increase on car insurance rates for a salvaged car. The nature of salvaged titles means that they have to be considered on an individual basis. Insurance companies will want to comb over your car to make sure it’s safe.

Since there is no one-size-fits-all policy for a salvage title, it isn’t easy to get a general price estimate on any policy. In general, however, you should expect to pay higher premiums than you would with a “clean” car. This is because salvaged vehicles are on average 5 to 10% less valuable than their clean counterparts. To gain further insights, read through our “What Is a Car Insurance Premium?“.

Understanding Salvaged Titles

Salvaged titles are given to cars that have been declared a complete loss by an insurance company. This doesn’t necessarily mean they’ve been irreparably damaged. More often than not, the damage is not that severe.

When an insurance company declares a car a total loss, they’re saying that the cost of repairing the vehicle is more than the car is worth. At that point, it’s cheaper for the company to pay the insured the car’s total price and let them pick something new.

Each of the car insurance companies that insure salvage titles has its own threshold for what counts as a total loss. The number also varies based on state law, but in general, when repair estimates reach 60%-90% of the car’s total value, it’s declared a total loss. Read through our, “compare car insurance rates by state” for further information. 

Insurance companies that insure salvage cars take ownership of a vehicle once it’s declared a total loss. While the policyholder searches for a replacement vehicle, the insurer sells the totaled car to a mechanic. This allows the insurance company to recover some of its losses, while the mechanic can repair the car for resale.

Different Types of Car Titles

There are three types of titles a car can have: clean, salvage, and rebuilt. Vehicles that haven’t been declared a total loss have clean titles. Most cars available for purchase have clean titles.

Salvaged titles are for cars that were declared a total loss. When a car has a salvaged title, it is not legal to drive on public roads. Any honest insurance company will not offer coverage to a car with a salvage title.

Salvaged cars can be declared a total loss for several reasons. The most common type of damage is from collisions, but it can also come from fire, floods, extreme weather, vandalism, or theft. To gain further insights, read through our “compare collision car insurance: rates, discounts, & requirements“.

A rebuilt title denotes salvaged vehicles that have undergone repairs to rectify the damage that initially rendered them total losses. Following the repairs and inspection, a rebuilt title is issued. To determine your car’s title type, a simple check is to look at its color. 

Clean titles typically appear blue, rebuilt titles are often orange, and salvaged titles commonly display green. Nevertheless, color conventions may vary by state, so it’s essential to verify the norms in your area. Although insurance companies generally do not provide coverage for cars with salvaged titles, there are insurance companies that will insure a salvage title, providing you with options.

There’s no need to stress about recalling which title to inquire about when speaking with an agent. The terminology is frequently used interchangeably, and your agent will ensure you have all the necessary information.

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Obtaining Insurance for a Salvage Title

When getting insurance for a salvaged car, it’s essential to prepare beforehand. Begin by acquiring an original repair estimate, typically included in your car’s sale paperwork, or request a copy from the seller if unavailable. Additionally, document your car thoroughly by taking comprehensive photos of its exterior, interior, and engine, and consider providing a video tour if required by insurers.

Finally, obtain a certified mechanic’s statement confirming a thorough inspection with no undisclosed damage, which will bolster the insurer’s confidence in covering your vehicle. With these essential documents in hand, you can then reach out to an insurance agent.

Read more: How do you get car insurance fast?

Case Studies: Real-World Scenarios with Top Commercial Truck Insurance Providers

Exploring real-world scenarios, these case studies delve into the experiences of individuals with top commercial truck insurance providers. From Progressive’s online convenience to State Farm’s local agent support and Allstate’s versatile policy options, these narratives showcase the diverse benefits offered by leading insurance companies.

• Case Study #1 – Progressive’s Online Convenience Experience: Alex, a young professional, picked Progressive for its online ease. With up to 30% savings and a 10% discount, he found the process simple. Managing policies, accessing documents, and getting support was seamless, showcasing Progressive’s dedication to tech-savvy customers like Alex.

• Case Study #2 – State Farm’s Local Agents Making a Difference: Sarah, a small business owner, chose State Farm for personalized service. With up to 30% savings and a 17% discount, her local agent provided guidance, boosting her confidence in coverage.

• Case Study #3 – Allstate’s Versatility in Policy Options: James, a corporate executive, chose Allstate for its tailored options. With up to 30% savings and a 25% discount, he valued the flexibility. Allstate’s comprehensive policy offerings met his corporation’s specific needs, highlighting the importance of versatility in insurance.

These case studies provide insights into the experiences of individuals with top commercial truck insurance providers. Alex’s seamless online experience with Progressive car insurance review, Sarah’s personalized service with State Farm car insurance review‘s local agents, and James’s appreciation for Allstate car insurance review‘s versatile policy options highlight the unique advantages offered by each insurer.

From online convenience to personalized guidance and tailored policy options, these narratives underscore the importance of choosing the right insurance provider for specific needs. Our free online comparison tool below allows you to compare cheap car insurance quotes instantly — just enter your ZIP code to get started.

How to Find Insurance for a Salvage Title

Getting insurance for a salvage title can feel like more trouble than it’s worth at times, but if you make sure you have the proper documents, it doesn’t have to be complicated.

When you’re ready to find the best car insurance for salvage title, it’s good to get help. If you’re ready to get started, enter your ZIP code into our free tool to begin looking at quotes.

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