| Insurance auto auctions are a great way to get a | | | | Essentially, this means that the vehicle is of no use to |
| great deal on salvaged cars and trucks. In fact, the | | | | the insurance provider and the insurance carrier. When |
| company Insurance Auto Auctions is one of the most | | | | this happens, the salvaged vehicle can be sold or |
| commonly used specialists in this area with auto | | | | parted out. Many major insurance companies work |
| auction locations throughout the United States. The | | | | with Insurance Auto Auctions, Inc. and similar |
| company has been around since the early 1990s | | | | companies. You will not be surprised to learn that |
| providing a variety of auto auction services for car | | | | Farmer's Insurance, and even GEICO are just some of |
| owners, car buyers, and car sellers. If you are looking | | | | the names on the IAA list of regular clients. |
| for a good way to get a car at a cheaper rate, | | | | Percentage salvage auction sales are more common |
| insurance salvage deals are a great option! | | | | these days as such companies work hard to get a |
| Salvage vehicle auctions involve several elements - | | | | piece of the action! When a salvaged car is sold at |
| including a facilitation between buyer and seller as | | | | rock-bottom prices, the insurance agency provider is |
| arranged by the Insurance Auto Auctions company. | | | | very interested in obtaining rights to at least a small |
| Although IAA is one of the more well known | | | | percentage of the insurance auto auction. Since this |
| companies in this part of the automotive industry, many | | | | practice has become more common in recent years, |
| other companies exist with the same auto salvage | | | | more and more insurance agents and their |
| specialty. | | | | representatives are seeking percentage shares with |
| Automotive salvage occurs when an insurer considers | | | | companies like Insurance Auto Auctions. |
| a vehicle to be a "total loss" in insurance terminology. | | | | |