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Salvage Car Auctions and Insurance Auctions New Iberia LA

Read on to learn how to find cheap salvage and totaled cars being sold at auction by insurance companies. Learn about salvage auctions, insurance auctions, and buying theft-recovered vehicles. Find great project cars for sale and totaled cars for sale.

J P Thibodeaux Used Cars
(337) 367-3287
6100 Hwy 90 W
New Iberia, LA

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Rabeauxs Auto Sales
(337) 991-9100
6882 Johnston St
Lafayette, LA
 
Alpha Automobile Sales
(337) 988-1960
6904 Johnston St
Lafayette, LA

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Insurance Auto Auctions
(877) 550-1262
29000 Frost
Livingston, LA
 
Insurance Auto Auctions
(877) 550-1262
301 Malapart
Lafayette, LA
 
Cajun Cars & Trucks
(337) 269-8805
3231 W Pinhook Rd
Lafayette, LA

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Progressive Motors
(337) 406-2886
1909 Johnston St
Lafayette, LA

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Alpha Automobile Sales, LLC
(337) 988-1960
6904 Johnston Street
Lafayette, LA
 
Insurance Auto Auctions
(877) 550-1262
15315 Ronald Reagan
Covington, LA
 
Manheims Greater New Orleans Auto Auction
(985) 643-2061
61077 Saint Tammany Ave
Slidell, LA
 
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Salvage Car Auctions and Insurance Auctions

Auto insurance companies buy and sell cars? It's true. However the cars are those that have been wrecked, weather damaged, or stolen, meaning that the insured owners of those vehicles have been paid by the insurance company after the vehicles have been declared total losses (totaled). The company attempts to recover some of its money by selling the vehicles, usually at salvage auction through an insurance salvage auction company.

Bargains at salvage auctions
It is possible to find outstanding bargains and relatively cheap cars by knowing how insurance salvage auctions work and where to find them. In many cases the cars are in great shape and need little or no repairs. Salvage and totaled cars can often make great project cars.

Examples
A large
car dealer in Texas had most of his new cars partially under water during a recent flood. The dealer's insurance company decided to declare all of the cars as total losses and paid the dealer. The insurance company then became the owner of the cars, some with major water damage and some with almost no damage. The company will sell the cars at auction with salvage titles. Smart buyers can pick up the cars, often at bargain prices, and repair them to resell or drive as their personal cars.

Another example: An insurance company's customer had his new car stolen. The police were unsuccessful in locating the vehicle. The insurance company paid the customer the cash value of the car. A few months later,...

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