Best Auto Insurance Companies That Don’t Offer Buy Back After a Total Loss (2021)

There are not many auto insurance companies that don't offer buy back after a total loss. The buy back value of a total loss car is its actual cash value minus its salvage value. USAA, GEICO, and Allstate are all auto insurance companies that offer buy back after a total loss. Compare multiple companies to find the best auto insurance companies that do and don't offer buy back after a total loss.

Free Auto Insurance Comparison

 Secured with SHA-256 Encryption

Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insuranc...

Full Bio →

Written by

Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years (BBB A+). He is licensed as an agent to write property and casualty insurance, including home, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. He reviews content, ensuring that ex...

Full Bio →

Reviewed by Daniel Walker
Licensed Auto Insurance Agent

UPDATED: Oct 28, 2021

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

Things to Remember

  • There are not many auto insurance companies that don’t offer buy back after a total loss
  • Auto insurance companies that do offer buy back after a total loss will pay you the actual cash value of the car minus its salvage value
  • Even if your auto insurance company offers buy back, it may not be the most cost-efficient option

Getting into a car accident is scary, and dealing with auto insurance companies is a hassle. It is especially inconvenient to figure out auto insurance after a total loss.

Most auto insurance companies allow you to buy back your totaled car, but there are auto insurance companies that don’t offer buy back after a total loss.

Because auto insurance providers want to pay as little money as possible, the potential risk of buying a previously totaled or damaged car may result in higher rates on your end.

Keep reading to learn more about which auto insurance companies don’t offer buy back after a total loss and the best auto insurance companies that do. 

If you’re ready to buy auto insurance now, enter your ZIP code now to compare free quotes today.

Which auto insurance companies don’t offer buy back after a total loss?

Auto insurance companies total a car when the costs to repair it are higher than its worth immediately before the damage. However, each state’s laws vary when determining when a vehicle is totaled.

In a total loss, auto insurance companies may be hesitant to grant you buy back approval if you don’t have the right coverage options or your vehicle is damaged beyond repair.

Because a buy-back car is a previously damaged vehicle, it’s a higher risk to insure. For example, the car could break down more easily or cost more to fix than it’s worth to insure.

After a car is found by an auto insurance company to be a total loss, the damaged car will usually go to an auction or junkyard, where it will be sold and used for parts.

In cases where the totaled car is over 10 years old, the insurance company will give it back to you. To do so, the company will pay you the car’s actual cash value but will withhold its salvage value (what it would have brought in at an auction).

Many drivers choose to do this because it can sometimes be less expensive than buying another car, especially if there are no additional costs or requirements after repairs.

Every state is different, and state laws on buy-back cars vary. For instance, Illinois auto insurance companies typically do not permit drivers to buy back their vehicles after they’ve been deemed a total loss.

Whether or not you choose to buy back your total loss car, make sure to talk research your options with different companies. This will help you know what to expect if your car is a total loss and what is permitted by your insurance company.

Ultimately, the best car insurance companies prioritize getting you into another car, especially if you have full coverage auto insurance and GAP insurance. Getting another car after your other is a total loss requires less of you than buying back your old one, and having suitable types of auto insurance coverage can save you lots of money.

Free Auto Insurance Comparison

Enter your ZIP code below to view companies that have cheap auto insurance rates.

 Secured with SHA-256 Encryption

Which auto insurance companies do offer a buy back after a total loss?

Even with the added risk of a previously damaged car, many companies offer buy back after a total loss. As long as you make the needed repairs, most auto insurance companies will allow you to buy back a totaled vehicle.

Some of the best companies that offer a buy back include:

  • Allstate
  • American Family
  • Farmers
  • GEICO
  • Liberty Mutual
  • Nationwide
  • Progressive
  • State Farm
  • Travelers
  • USAA

Even if your auto insurance company offers buy back, it may still not be the most cost-efficient option. The repairs alone will be expensive, and your auto insurance company may have special requirements for buy-back cars.

For example, a car that has been totaled now has a salvage title, which is difficult to remove and not accepted by some auto insurance companies. You may also have to get the car inspected by state police after repairs are made to approve that it’s drivable and safe.

It’s also helpful to know how to negotiate with car insurance adjusters after a total loss. Before you buy back a car, it is identified as a total loss but not salvage.

To get a salvage title on the car, you will have to pay fees and deductibles. Once you receive the car and salvage title, you will have to convince your insurance company that a buy back is in your best interest.

To set yourself up for the best results, make sure to explain your situation and accompany your explanation with a few estimates and quotes from other companies.

Similarly, if your car is found to be a total loss, you may wonder: Do I need to notify the DMV if my car is totaled? Yes, notifying the DMV of a total loss will ensure the car is updated with an appropriate salvage title.

Look into a GAP insurance policy if you are considering buying back a total loss car. GAP insurance covers you in the event of a total loss by paying you the difference between the car’s actual cash value and the balance still owed on it.

GAP insurance can also help you pay back a lender if you still owe money on the car after it’s been totaled.

Most importantly, compare auto insurance quotes from multiple car insurance companies that don’t offer buy back after a total loss and from those that do. This will give you the best auto insurance rates and information when looking to buy back a car.

Auto Insurance Companies That Don’t Offer a Buy Back After a Total Loss: The Bottom Line

Most auto insurance companies will allow a buy back if you negotiate with them. However, convincing a provider to sell a totaled vehicle back to you for repairs may be challenging.

Auto insurance companies that don’t offer a buy back after a total loss want to avoid the complications of insuring a salvage vehicle and a high-risk driver.

We recommend adding GAP insurance to your car insurance policy to prevent out-of-pocket costs. Also, it gives you an additional option if you can’t buy back your total-loss car.

Whether or not you choose to buy back a car, the best way to save money is to compare car insurance rates from auto insurance companies that don’t offer buy back after a total loss and from those that do to see which fits your budget best.

Ready to buy auto insurance from auto insurance companies that don’t offer a buy back after a total loss? Enter your ZIP code into our free online quote tool to compare multiple insurance companies near you.

Free Auto Insurance Comparison

Enter your ZIP code below to view companies that have cheap auto insurance rates.

 Secured with SHA-256 Encryption