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  • Writer's pictureMichael Goodman

I totaled my car. Can I repurchase it from the insurance company?

Updated: Jun 6, 2023


When a car is deemed a total loss by an insurance company, the insurer will usually declare the vehicle worth less than the cost of repairs and take possession of the car.


After the insurance company takes possession of the car, they sell it to a salvage yard or auction it off. If the vehicle is sold to a salvage yard, it will usually be stripped for parts or used for scrap metal. If the car is auctioned off, it can be bought by another individual or company, who can repair it and put it back on the road.


If you want to repurchase your car from the insurance company, you may be able to do so, but it will depend on the company's policy and the car's condition.


You'll need to contact the insurance company and inquire if they will sell the car back to you. Many insurance companies are willing to sell the vehicle back, often at a reduced price or the car's fair market value after the accident. However, this is not the case in all situations, and it depends on company policy and state laws.


You should also be aware that if you repurchase your car, you must have it repaired and pass a safety inspection before it can be driven again. Depending on the severity of the damage, the cost of repairs could be higher than the car's value.


I totaled my car. Can I repurchase it from the insurance company?
I totaled my car. Can I repurchase it from the insurance company?

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