Can you get insurance on a totaled car?
State Farm will, however, insure a salvaged car that has been totaled out by another insurer. "We do not ask on our application whether the vehicle has a salvage title, but we do ask whether it has prior damage," says Dick Luedke, a State Farm spokesperson. Insurance companies are understandably wary.
Prices of around $150 per ton are common, so your average car is usually worth around $300 to a scrapyard. If you're being offered scrap prices for a car that has potential for salvaged parts or even an auction sale, you should negotiate further with the junkyard, or look for additional quotes.
- Double the Money on Your Iron
Non-Ferrous Scrap Metal Prices (per lb.) Bare Brite Copper $2.60 Ferrous Scrap Metal Prices ( per Net Ton) Tin & Scrap $165.00 #2 Steel $220.00
- Approximately 55% of a car's weight comes from steel, according to The World Steel Association. In 2007, the average car contained 2,400 pounds of steel, and the average light truck or SUV 3,000 pounds of the metal. GM alone buys 7 million tons of steel for itself and for resale to its suppliers each year.
- Modern cars are made from a variety of materials. The materials chosen depend a lot on their cost, repairability, and durability. Fuel efficiency is just one of many variables on the minds of car designers. The typical family sedan these days is usually made from steel body panels with plastic front and rear fascias.
Updated: 25th November 2019