IAA (Insurance Auto Auctions)

Insurance Auto Auctions (IAA) is a company that facilitates the sale of damaged, lost, or recovered vehicles primarily for insurance companies, salvage yards, and dealerships. When a vehicle is totaled or recovered after theft, IAA helps auction these vehicles to licensed buyers, such as repair shops or salvage operators, through a robust online and physical auction process. This allows insurance companies to efficiently sell vehicles they no longer need, helping recover some costs and clearing the way for new insurance policies. IAA operates a large network of facilities and uses technology to connect buyers and sellers smoothly.