The time has come to buy that vehicle you've always wanted, and among the many options available on the market, you've decided to buy at auction? Then it's good to know which insurance companies accept cars from auctions.

Moreover, car auctions are now one of the most economical ways to acquire your vehicle, because they offer models at prices below market value that fit your budget.

However, driving around in your car without insurance is a risk you shouldn't take, as it's very important to protect your hard-earned asset. But did you know that not all insurance companies will insure auction cars?

And in some cases, they only offer partial insurance for the vehicle. Therefore, you should take certain precautions before bidding on the car you've been wanting.

Furthermore, having the assurance that you will be able to obtain insurance without problems or complications is essential. Therefore, let's explore some insurance companies where you can insure your car and have peace of mind.

Okay, so let's find out what an auction car is and why it's being auctioned. There are a few different situations that lead to a car going to auction. One of them is because it has been involved in an accident.

For example, theft, robbery, or accident. In fact, these are the auctioned cars that most often encounter difficulties when it comes to insurance. This is because insurance companies take into account that these cars have already suffered some type of damage.

And this will clearly be taken into account when taking out insurance. Then we have cars auctioned off by manufacturers who often want to sell models that are being discontinued and thus clear out their lots.

You shouldn't have any problems insuring these cars, as they are new cars. Another alternative is cars repossessed by insurance companies due to buyer default.

And these cars aren't difficult to insure either. So, pay attention to a few details that can make the insurance process easier, okay? Below, we'll give you some advice on this.

Therefore, check if the car has a vehicle inspection certificate from the DETRAN (Brazilian Department of Motor Vehicles) and if its documentation is up to date. In addition, make sure that the auction company is properly authorized by the Commercial Registry and operates legally.

Also, find out if the car has undergone significant structural alterations. By taking these precautions, you can confidently purchase your car at auction.

Finally, auctions are very common nowadays, and by taking these precautions, you're sure to find the car you've been wanting, as there are many options available.

Now, let's look at some insurance companies that accept to insure auction cars.

So, let's take a look at six insurance companies that accept auction cars! This way, you can choose the best option to protect your vehicle with peace of mind and security.

At Porto Seguro, compensation will be limited to up to 80% of the FIPE table value. It is possible to insure basic coverages such as collision, theft, and robbery.

Furthermore, you will find some additional options such as: replacement car, 24-hour assistance, among others.

Suhai also accepts auctioned cars, but it will analyze the type of auction the car was purchased from, among other details that will define the percentage of the value to be insured, based on the FIPE table.

Also, one of its advantages is that it offers assistance throughout Brazil.

Liberty also usually conducts a prior inspection, but in many cases does not accept cars that have been in any type of accident.

She offers three different types of insurance: Exclusive Auto, Profile Auto, and Conscious Auto. Each one is designed to meet the needs of a different type of customer profile.

Bradesco Seguros is more restrictive and may not accept vehicles that have been in accidents after conducting a prior inspection.

However, 24-hour assistance and Auto Mulher (Women's Auto Insurance) are some of the options offered with the insurance. Furthermore, if you are a bank account holder, you may be able to obtain more attractive compensation amounts.

Even more restrictive, Minuto Seguros, formerly HDI, only accepts vehicles that have been repossessed by insurance companies due to buyer default. It also offers different types of insurance for each type of customer profile.

Finally, we have Pier, which operates differently from traditional insurance companies. With Pier, you pay a monthly subscription when you take out insurance. However, it only serves the cities of São Paulo and Belo Horizonte.

It also offers some additional coverage options, such as 24-hour assistance, towing service, among others.

However, these aren't the only ones on the market, so you can research other insurance companies before bidding on your car at auction.

In any case, pay attention to the details that should be observed, such as: vehicle inspection by the DETRAN (Department of Motor Vehicles), regularized documentation, chassis without tampering, and general condition of the vehicle.

Having these items in order will make your life easier when it comes to getting insurance. Also, with this information, do some research with insurance companies beforehand to avoid surprises.

And if you want to learn more interesting facts about auction cars, check out our recommended content below!