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Title Insurance Price
Sharon Said:
Does a "salvage title" change the insurance price?We Answered:
It won't affect your insurance premiums unless you get full coverage.Yes the value of the car drops a lot with a salvaged title.
Before buying it make sure you look deeper than the surface, Ins companies don't total cars for just a dented hood. I promise there was other things affected.
Pamela Said:
How significant are the insurance price differences between a clear title and restored title?We Answered:
With a salvage restored title, you will probably be able to get basic coverage, but no insurance company will give you extended coverage, so you can't get collision and such. That is the reason most will pass on branded titled vehicles.