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