When insuring a car with a rebuilt title, it can often be challenging due to the higher risks associated with such vehicles. A rebuilt title indicates that the car was previously declared a total loss due to significant damage but was repaired and passed inspection to be deemed roadworthy. Many major insurance companies provide coverage for rebuilt titles, though the options and extent of coverage might vary.
Full Coverage Insurance: Securing full coverage, which typically includes comprehensive, collision, and liability, might be limited depending on the insurer’s risk appetite. However, it is possible to find companies willing to offer such policies. It’s advisable to contact larger insurers like GEICO, State Farm, or Progressive, as they often have specific policies regarding rebuilt titles. A thorough inspection might be required by the insurer to assess the current condition of your vehicle before granting coverage.
Liability Insurance: Obtaining liability insurance is generally easier, as it primarily protects other parties from damages caused by the insured driver. Most insurance companies are more willing to offer liability-only coverage for a rebuilt title since it poses less financial risk to them compared to full coverage.
Specialty Insurers: If mainstream insurers decline coverage or offer unfavorable terms, consider reaching out to specialty insurers who deal with non-standard vehicles or high-risk cases. They may provide more accommodating terms for rebuilt title cars, albeit at potentially higher premiums.
It is crucial for you to compare quotes from different providers and carefully review the terms and conditions to ensure that you get the most suitable coverage for your rebuilt title car. Additionally, maintaining a good driving record and preparing documentation of the repairs can aid in negotiating better insurance terms.
