Auto Insurance Claims: damaged title, salvage title, value of my car


Question
Hello I was wondering if I should purchase full coverage or liability coverage insurance for my car that has a damaged title? Do they go off the value of the car with a damaged title and if so how do i find out what the value of my car is with it's damaged title?

Answer
Hello,

You did not state what year make and model it is but the safe way to guess with a salvage title the car is worth 30-35% less than a vehicle with a clean title.

Another new monkey wrench to this is the bankruptcy of GM and Chrysler because they are being said to depreciate on the news at 20-30%. No one knows on this yet, but that is what I have heard.

Rob