Will GEICO Insure a Rebuilt Title?
Last Updated on October 24, 2023
Like most large insurers, GEICO will insure a vehicle with a rebuilt title.
If you have a car that formerly had a salvage title, then you can buy insurance for that vehicle through GEICO.
GEICO offers liability-only insurance on vehicles with a rebuilt title. However, GEICO also offers full coverage car insurance if your rebuilt title car passes an additional inspection.
Keep reading to find out everything you need to know about how GEICO insures vehicles with a rebuilt title.
- GEICO offers insurance for vehicles with rebuilt titles, which are salvage-titled vehicles that have been repaired and passed inspection.
- Two types of insurance are provided: liability-only insurance for legal on-road operation and full coverage insurance for broader protection, subject to an additional inspection.
- Insurance rates for rebuilt title vehicles are higher, averaging around $1,650 per year for full coverage and $850 per year for liability-only due to challenges in valuation and perceived higher accident risk.
- While many insurers shy away from covering rebuilt title vehicles, GEICO provides these insurance options, making it a viable choice for owners of such vehicles.
Yes, GEICO Insures Vehicles with a Rebuilt Title
If you own a vehicle with a rebuilt title, then you should be able to buy car insurance through GEICO. GEICO offers car insurance on vehicles with a rebuilt title, assuming your car has passed the initial inspection and is no longer considered a salvage title vehicle.
You can buy liability-only insurance through GEICO. Liability-only insurance allows you to drive your vehicle legally in your state. Your insurance can meet or exceed state-required minimum limits.
Or, if your vehicle completes an additional inspection, you can buy full coverage car insurance. Full coverage car insurance protects your vehicle from additional damages.
Typically, GEICO charges slightly higher rates for rebuilt title insurance than it would with ordinary vehicles. However, GEICO tends to offer cheap insurance rates compared to other large companies, and many drivers find GEICO to be the best option for insuring a vehicle with a rebuilt title.
GEICO Will Not Insure Vehicles with a Salvage Title
GEICO, like all insurers, will not insure vehicles with a salvage title. Vehicles with salvage titles are deemed unsafe to drive, and no reputable insurer insures vehicles with salvage titles.
However, if your vehicle with a salvage title has been repaired and has passed inspection, it will receive a rebuilt title.
Once your vehicle has a rebuilt title, you can buy liability-only insurance through GEICO. If your car completes an additional inspection, then you can buy full coverage car insurance through GEICO.
How Rebuilt Title Car Insurance Works with GEICO
GEICO provides two types of car insurance to rebuilt title vehicles:
Liability-Only Insurance (Available to Vehicles with a Rebuilt Title): If your vehicle has received a rebuilt title, then you can buy liability-only insurance for that vehicle through GEICO. Liability-only insurance does not protect your vehicle; instead, it protects other drivers on the road from your actions. Most states require liability coverage. GEICO’s liability-only coverage can meet or exceed state limits. Liability-only policies include two main types of coverage: bodily injury liability coverage (for injuries you cause to other drivers) and property damage liability coverage (for damages you cause to other vehicles or property). It may also include additional coverages required by your state – like uninsured or underinsured motorist coverage and medical payments coverage.
Full Coverage Car Insurance (Available to Vehicles with a Rebuilt Title that Pass an Additional Inspection): Full coverage car insurance includes liability insurance and protection for your own vehicle (via comprehensive and collision coverage). If your vehicle is stolen, vandalized, or damaged in an accident, then GEICO will cover the cost of repairing or replacing your vehicle. Most insurers will not provide full coverage car insurance automatically to a vehicle with a rebuilt title; instead, you typically need to complete an additional inspection. After you complete this additional inspection, contact GEICO to receive a quote for full coverage car insurance on your rebuilt title vehicle.
How Much Does Rebuilt Title Car Insurance Cost with GEICO?
GEICO is one of the largest car insurance companies in the United States. They insure millions of drivers across the country.
Like other large insurers, GEICO offers competitive rates for all types of vehicles – including vehicles with a rebuilt title.
On average, GEICO charges around $1,450 per year for full coverage car insurance on an ordinary vehicle (a vehicle without a rebuilt title).
When insuring a vehicle with a rebuilt title, you can expect to pay around $1,650 per year with GEICO.
If you’re buying liability-only insurance for your rebuilt title vehicle, then you’ll pay around $850 per year, on average.
However, rates vary widely based on location, state insurance laws, the value of your vehicle, the repairs done to the vehicle, your driving history, and other factors.
Is Rebuilt Title Car Insurance More Expensive?
GEICO, like all insurers, tends to charge higher rates for rebuilt title cars.
There are two main reasons why rebuilt title car insurance is more expensive – including difficulty evaluating the car’s value and an increased likelihood of an accident:
- First, GEICO finds it difficult to calculate accurate valuations for vehicles with a rebuilt title. These vehicles may have uncertain repairs, making their value difficult to estimate. The vehicle has been modified significantly compared to the base model from the dealership or manufacturer, making it difficult to accurately assess its value. GEICO errs on the side of caution by charging higher rates.
- Second, vehicles that have already been involved in one accident may have a higher risk of being involved in a second. If the repairs weren’t completed perfectly, for example, then there could be a higher risk of a major claim in the future.
Because of these two issues, GEICO tends to charge higher rates for rebuilt title car insurance.
Not all insurers cover vehicles with a rebuilt title, but GEICO does.
You can buy liability-only insurance for your rebuilt title vehicle through GEICO. Or, if your vehicle passes an additional inspection, you may be able to purchase full coverage car insurance through GEICO.
To learn more about GEICO’s insurance options for vehicles with a rebuilt title or to request a quote today, contact GEICO or visit GEICO.com.