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Fact or Fiction: Insuring Salvaged Cars
by Staff
It sounds bad. But is it? While obtaining insurance for a car with a salvage title may not be as easy as insuring a clean-titled car, it can be done. So how much do you know about insuring a salvaged car? Take this quiz to find out!

You'll have to look a tier below the big, reputable insurance companies in order to find coverage for your salvage auto.

  • fact
  • fiction

Because it's your safety at stake, you and only you are responsible for determining when a salvage auto is safe to drive.

  • fact
  • fiction

Due to the difficulty in insuring salvage autos, many states waive the liability coverage requirement for salvage titles.

  • fact
  • fiction

Premiums for collision coverage are likely to be higher for a salvage auto.

  • fact
  • fiction

If you have collision coverage on your salvage auto, a claim is likely to pay less than it would for repairs on a car with a clean title.

  • fact
  • fiction

In order to qualify for financing on a salvage auto, most lenders require comprehensive insurance.

  • fact
  • fiction

If you buy a salvage auto from a dealership that has already done all the needed repairs, you'll have an easier time insuring it.

  • fact
  • fiction

Difficulty in insuring a salvage car is mostly due to difficulty in valuing a salvage car.

  • fact
  • fiction

Having your car repaired and inspected can lower your insurance premiums.

  • fact
  • fiction

Due to lower insurance payouts on salvage title cars, many owners choose to get the state minimum liability coverage and pay repair costs out of pocket.

  • fact
  • fiction