Top Rebuilt Title Insurance: What You Need to Know [2024]

If you’ve recently purchased a car with a salvage title, you may have several questions in regard to obtaining auto insurance such as, “Can I acquire auto insurance for a rebuilt title?”

You should be able to find an auto insurance company that will work with you when it involves insuring your new vehicle. But you’ll want to prepare for the rebuilt title insurance cost, as it will be higher than average.

As you search for car insurance for your rebuilt title, be sure to seek multiple quotes online in order to find the best options concerning affordable coverage.

You can use our free quote tool above to find and compare quotes today to help you begin your search.

Can I get auto insurance on my rebuilt title?

In most cases, you will be able to find car insurance for your salvage or rebuilt title. 

A salvage title is essentially issued when a vehicle has been deemed a total loss by an insurance company. This will typically happen after a car accident, but there are other times when a vehicle will be issued a salvage title.

Read more: Top Salvage Title Auto Insurance Provider

These are the main reasons why a car would be declared a total loss:

• Collision damage from an accident
• Fire damage
• Flood damage
• A stolen vehicle or stolen car parts
• A heavily used vehicle, such as a taxi or law enforcement vehicle

In addition, stolen vehicles or stolen car parts, and heavily used automobiles such as taxis or law enforcement vehicles, are also reasons for deeming a vehicle a write-off.

If you purchase a car after it’s been declared a total loss, you may receive a great deal. But you’ll need to consider the cost of insuring the vehicle as well. 

How much is auto insurance for a rebuilt title?

In most cases, car insurance companies will charge anywhere from 12%-30% more for coverage on a rebuilt title than on a standard automobile. This cost is due to the car’s unknown history as well as its substandard future outlook.

Car insurance rates for salvage titles will vary based on a variety of factors, like the make and model of the vehicle, your driving history, and more. 

People who purchase a rebuilt title typically insure their vehicle with the state’s minimum requirements for car insurance. You may be curious as to whether or not you can obtain full coverage on a rebuilt title. While this coverage can be more difficult to find, it is an option.

The table below reveals average annual and monthly rates for full car insurance coverage in various U.S. states. Keep in mind that full coverage rates for a rebuilt title will likely be at least 15% higher.

Average Full Coverage Auto Insurance Rates by State

Read more: The Automobile Insurance Company of Hartford, Connecticut Review

Obtaining full coverage on vehicles is a good idea; however, as you can see, it is not inexpensive. If you intend to fully insure a vehicle with a rebuilt title, be prepared to pay an excessive amount for insurance coverage. 

What’s the best insurance for rebuilt titles?

You’ll need to conduct your own research to discover which car insurance companies will offer auto insurance for your salvage title at an affordable cost. 

Below is a list of some more popular auto insurance companies that are often willing to insure vehicles with rebuilt titles. 

Best Insurance Providers for Rebuilt Titles

You should do plenty of research to ensure that a company is offering you a fair deal on coverage before committing to a policy. Comparing quotes online is a great way to establish that you’re not going to end up paying too much for coverage.

Read more: Root Auto Insurance Review

You can use our free quote tool below to find and compare auto insurance rates from top companies in your area today. 

Case Studies: Top Rebuilt Title Insurance

Case Study 1: The Hurricane-Ravaged Property

A coastal property in a hurricane-prone area faced severe damage in 2021, requiring substantial renovations, but the property owner’s rebuilt title insurance covered the costs, preventing financial burdens and legal complications.

Case Study 2: The Fire-Damaged Residence

A suburban residential property suffered severe fire damage, unbeknownst to its recent owners. However, their decision to acquire rebuilt title insurance uncovered its past fire history and extensive rebuilding. As a result, the insurance company covered the repair expenses, enabling the owners to restore their home without facing significant financial burdens.

Case Study 3: The Historic Building Restoration

A historic building, dating back to the early 20th century, was purchased with the intention of transforming it into a commercial space. Prior to the purchase, the buyer conducted thorough research and learned that the building had undergone multiple renovations throughout its lifetime. Rebuilt title insurance was obtained to safeguard against any potential legal complications or hidden issues.

This insurance proved invaluable when unexpected structural problems were discovered during the renovation process. The insurance coverage helped cover the costs of addressing these issues, ensuring the project could move forward while protecting the buyer’s investment.

Case Study 4: The Property with a Troubled Past

In a city with a rich historical background, a residential property was found to have a troubled past. The property had changed hands multiple times, with various legal disputes and unclear ownership records associated with it. Recognizing the potential risks, the prospective buyer insisted on obtaining rebuilt title insurance before finalizing the purchase.

The insurance company conducted a comprehensive title search, revealing the complex history of the property. Thanks to the insurance coverage, the buyer was protected from potential lawsuits and financial losses arising from unresolved ownership disputes and other legal issues.