Cars with rebuilt titles, tagged after extensive repairs due to significant damage, can be challenging to insure. However, many insurance companies do offer coverage for rebuilt title vehicles, though the availability and extent can vary widely.
Large National Insurers: Many major insurance providers, such as State Farm, GEICO, Progressive, and Allstate, offer coverage for vehicles with rebuilt titles. They might require a detailed inspection and assessment before granting either full coverage or liability-only policies.
Smaller or Specialized Insurers: Companies specializing in high-risk or non-standard insurance may be more inclined to provide coverage for rebuilt titles. These insurers often have flexible underwriting policies that consider the specific details and circumstances surrounding each vehicle.
Liability vs. Full Coverage: While liability insurance, which covers damage you cause to others, is generally easier to obtain for a rebuilt title car, full coverage (including comprehensive and collision) might be more challenging and costly. Some insurers may offer full coverage but with limitations or at higher premium rates.
Inspection Requirement: To insure a rebuilt title car, insurance companies will likely require an inspection to evaluate its current state and safety standards. This process ensures the vehicle is roadworthy and adequately repaired.
Premium Considerations: Insurance premiums for rebuilt title cars may be higher due to the perceived increased risk. It’s crucial to compare quotes from multiple insurers to find the best rate for your specific situation.
Shop Around: It’s wise to shop around and discuss your needs with various insurers. They can provide specific policies or terms regarding coverage for rebuilt vehicles.
In summary, while insuring a rebuilt title car is more complex, numerous options exist, particularly if you’re willing to explore both national and specialized insurers. Always ensure you understand the terms and conditions of any policy offered for vehicles with rebuilt titles.
