IAAI
Overview
Insurance Auto Auctions (IAAI) is a key competitor to Copart, specializing in total-loss insurance vehicles, recoveries, and fleet trade-ins. Bidders love IAAI's engine start videos, detail-oriented damage descriptions, and the 'IAAI 360 View' which allows virtual inspections of vehicle interiors and exteriors. It operates a vast network of yards across North America.
Pros & Cons
Pros
- Excellent damage detail, imagery, and engine start-up video loops
- Vast insurance inventory from top-tier carriers
- Flexible bidding options (Timed Auctions vs Live Bids)
Cons
- Complex fee matrix containing multiple ancillary surcharges
- Dealer license needed for most inventory categories
- The bidding interface is less intuitive for beginners
Key Features
- IAAI Interact™ merchandising suite
- Engine Start Video feeds
- IAAI 360 View high-res digital scan
Registration Process
Sign up online as a Public or Business buyer
Upload government photo ID and state dealer credentials if available
Pay subscription fee ($200 annually for standard public access)
Add security deposit to activate your account limits
Buyer Fee Schedule
| Purchase Price Range | Standard Buyer Fee |
|---|---|
| $1 - $500 | $120 + Service Fee ($65) |
| $501 - $1,000 | $195 + Service Fee ($65) |
| $1,001 - $3,000 | $345 + Service Fee ($80) |
| $3,001 - $5,000 | $480 + Service Fee ($85) |
| $5,001+ | $600+ tiered standard broker fee |
Frequently Asked Questions
What is the difference between IAAI Public and Business accounts?
Public accounts can only buy inventory that state laws permit unlicensed individuals to purchase. Business accounts can bid on salvage and parts-only titles globally.
Quick Facts
Public registration is available but limits what you can bid on. A dealer license unlocks full access.
Offers IAAI Transport services in select regions. Bidders can also contract with independent haulers.
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