Top 5 Things You Must Know Before You Buy A Rebuilt Title Car

Rebuilt Title

Are you looking to buy a car but on a tight budget? Have you been considering buying a rebuilt title car? Are you prepared for hidden damages that might be waiting for you to discover? The most obvious reason why people consider buying a rebuilt title is how relatively cheap it is compared to brand new or used cars.

Cars with rebuilt titles have once been extremely damaged that repairing it will cost more than what the car is worth. Many factors will deem a car a total loss. Other than a car crash, countless cars are salvaged due to flooding, hurricane damage, theft, and even vandalism.

A lot of drivers would be hesitant about purchasing a rebuilt title car, who won’t be right? I for one would not be too keen on buying a rebuilt title car. But just because it was salvaged, doesn’t mean that it’s a total lemon. All you need to do to boost your confidence when you buy a rebuilt title car is to be equipped with the right knowledge. Below are the five things you need to consider before buying a rebuilt title car. 

  1. The Car’s History

Before investing your time and money in buying a car with a rebuilt title, you need to get more information about it first. Getting the vehicle identification number (VIN) to gather the car’s history report is a good way to start. In this manner, the mechanic that will inspect the rebuilt title car will have an easier time making sure that the car is in a drivable condition.

  1. The Repairs

Aside from knowing the car’s history, you should also look into a complete list of repairs done to the car. This can help the mechanic focus on the areas to inspect. A full inspection of a rebuilt title car will help determine whether or not the car may need additional maintenance. This is essential because you might be spending more on future repairs compared to what you paid for the rebuilt title car.   

  1. Did The Car Passed The DMV Inspection

Before you enjoy your rebuilt title car on the road, make sure that it passed the DMV Inspection. One way to make sure that you get the DMV’s approval is to have the unit checked by a trusted mechanic. Several reliable mechanics will examine the car and determine how well the car has been repaired and how safe it is to drive. This is one of the crucial parts to pass the DMV’s inspection. You won’t be able to legally drive your rebuilt title car without the DMV’s approval. Each state has different requirements so don’t forget to research this in your state.

  1. The Damage It Has Incurred

Knowing the reason why it was salvaged and how it got its title, will give you confidence when you buy a rebuilt title car. Some cars are salvaged due to theft or vandalism and some are as heavy as being damaged by a flood or hurricane. You have to be careful in choosing a rebuilt title car especially if you’re looking to buy in a state where there have been flooding or any other natural phenomena.

  1. The Coverage You Can Get

Although it will be cheaper to buy a car with a rebuilt title, you’re going to have to settle on limited coverage. Most online car insurance providers will not offer coverage for cars with rebuilt titles but there are some insurance providers like Geico and Allstate, that may write policies for it but only up to liability coverage.

Just like buying any other necessities, it’s best to shop around first before settling in on an insurance provider. One of the best and most convenient ways to save on coverage is to look for cheap car insurance online.

 

There are countless risks to be considered when buying a car with a rebuilt title. Although you might be saving a lot of money, without proper knowledge of the car and full inspection from your trusted mechanic, you might be in for a shock.

When you’ve considered everything and have done proper research, don’t forget to have your car covered. There are insurance providers that will offer you cheap car insurance online, all you need to do is explore.

Car Insurance Advisor content is not written by a licensed  insurance agent. It’s intended for informational purposes and should not be considered legal or financial advice. Consult a professional to learn what financial products are right for your situation

What is a Rebuilt Title Car and how will it impact my insurance price?

What is a Rebuilt Title Car?

 If you’re planning to buy a car with a rebuilt title or you already own one, then there are a few things that you need to take note of before enjoying a leisurely cruise down the highway. A rebuilt title car is a car that has been previously totaled and is now sufficiently restored to a drivable condition. The car may be far from its original quality and state, but it has been given a thumbs up from the DMV. This kind of car has repair costs more than 75% of the pre-damage retail value. One prime example is a car that has been damaged by a natural phenomenon like a flood or a hurricane. Cars that have gone through damage by natural phenomena will have lasting issues that will be considered less safe to drive.

Can I get cheap car insurance online for a car with a rebuilt title?

One of the most reliable ways to find out if you’ll be able to get insurance coverage for your car with a rebuilt title is to ask around. Although you’re left with a few choices, there are still insurance providers that will offer coverage for cars with rebuilt titles such as Geico, Allstate, and State Farm. These are the best insurance providers that will help get your car covered and give you peace of mind while you’re on the road. Take note that because the car already has a rebuilt title, you won’t be able to get comprehensive coverage, instead, it will most likely just be the basic coverage required by your state or limited coverage.

What are the things needed to consider with a rebuilt title car?

The first thing on your list is to get a vehicle history report, this way you’re able to have an idea of the car’s history. To this extent, it is getting a good grasp of the car’s past – who the previous owner is, any work done on the vehicle, and what had happened that made the vehicle considered totaled.  For you to get a vehicle history report, you need to secure the car’s VIN or vehicle identification number which is found on the car’s registration card or the lower left side of your car’s windshield.

Next is to have it thoroughly checked by your mechanic to help you figure out any issues on the vehicle and whether or not if it’s safe to be driven down the road. The last thing that you need is to give your car some coverage. Although you’re left with a few options, there are still insurance providers that can give you cheap car insurance online.

 

What are the different coverages I can get for a car with a rebuilt title?

Getting comprehensive coverage for a rebuilt car is next to impossible, but this doesn’t mean that you won’t be able to get good coverage to be able to legally drive in your state. There are good online car insurance providers that will help you get your car covered. The most likely insurance coverage you’ll have is a Liability Coverage. A Liability Coverage includes two coverages – a third person liability coverage and a property damage liability coverage.

To put it simply, liability coverage pays the person/s you are liable to in case of a vehicular accident.

 

How much does an insurance coverage cost for cars with rebuilt titles?

Due to the car’s past, you have to pay a higher premium to get your rebuilt title car decent online car insurance. This is because there are not as many insurance providers offering coverages to cars with rebuilt titles. The lesser the competition, the higher the rate becomes.

Key Take-Away

Bottom line is, even if a car has a rebuilt title, it doesn’t mean that it’s the end of the road for it. You can still legally drive the car on the road granting that it underwent proper inspection and got a thumbs-up from DMV. Getting your rebuilt title car insured might be more expensive this is because there are only a few insurance providers willing to have your car covered.

Car Insurance Advisor content is not written by a licensed  insurance agent. It’s intended for informational purposes and should not be considered legal or financial advice. Consult a professional to learn what financial products are right for your situation

How to Save Money on Car Insurance in 2021

Everyone likes to save money on their online car insurance and score deals that reduce the prices but most of them think there is nothing they can do actively to lower their car insurance. However that is not true, there is a lot you can do to reduce your insurance rates but there are some that are much easier than others and they all don’t apply to every insurance carrier.

This article focuses on the different things that affect your car insurance and how to effectively save money on car insurance in 2021.

Things That Affect Your Car Insurance Rates

Before looking for ways to save money on car insurance in 2021, you have to analyze the different factors that affect your car insurance rates and these include;

  • The age of the car. When you get into an accident with an old car, the cost of the repairs needed is much higher compared to the cars entire worth.
  • The credit score. Most insurance companies look at your credit score when determining your car insurance premium. The drivers with low credit scores pay higher insurance.
  • Safety rating. Cars with high safety rating have lower rates because you are not required to pay for your medical bills or that of anyone else since the chances are low of ever needing to.
  • The likelihood of theft occurring. Some cars genuinely have more chances of being hit by thieves than others. You should evaluate the type of car you are driving to determine how much your car insurance will cost you.
  • The size of your car. Large cars are usually safer than their smaller counterparts in an accident. Hence large cars have a lower premium than small ones. But cars with larger engines have higher insurance rates.
  • Your car’s driving history. If you have a bad driving record, insurance companies may refuse to give you insurance. This is because they believe that since you have a history of getting into accidents or making claims, you are more likely to do it again than someone else who doesn’t have a driving history that is as bad.

Ways to Save Money on Car Insurance

Having understood the different things that affect your car insurance rates, you can now look at the ways to save money on car insurance which include;

Find out about the discounts available. These lower your insurance rates and are often easy to get. In 2021 with the coronavirus pandemic, there are covid 19 discounts you could ask for. These provide discounts to customers that are going through financial difficulties due to the pandemic.

Look at multiple car insurance quotes. Always take your time when looking for a new insurance policy; this is to enable you to get a plan that fits your particular needs. It is better to get a few different quotes from different companies because every company has a different way of calculating its rates.

You should bundle your policies. Bundling is one of the easiest ways you can reduce your insurance premium. This is where you buy multiple insurances from the same provider. In that, you can buy both your insurance coverage and your home owner’s policy from the same insurance company hence saving and lowering your car insurance premium.

Compare and Shop Around. It is important to shop around when selecting what insurance company to go with and compare every one of them. This will enable you to obtain the best car insurance quotes. You can do this by calling insurance carriers or looking for auto insurance quotes online. Research as much as you can ahead of time to get the best deal.

Increase your deductibles. This is the most effective way that you can reduce your insurance rates. It is the out of pocket money that you can pay in case of an accident. It is important to set aside a certain amount of your car insurance premium saving to ensure you pay a higher deductible in times of accidents.

Drive less. You can smartly save money on car insurance by reducing your daily commute since the miles you drive impact your insurance rate. Driving less reduces the vehicle’s maintenance costs like gas and repairs. It is easy to do this; you can opt to use public transportation instead or decide to move closer to work.

Conclusion

Car insurance rates increase every year and you can’t predict how much you will be required to pay. However the above steps will help you reduce and ultimately save money on car insurance in 2021.