What is a salvage auto auction? An insurance auction is basically a regular car auction that only sells vehicles that insurance companies have labeled as salvaged. Many people love to fix up cars as a hobby or business. If looking to get into rebuilding cars, salvage cars are a great way to get started. You can often repair the car or take the parts to build a new car. One of the reasons I have been able to buy and sell so many junk cars is because I know what to do, and you know the old saying... "Knowledge is power." One of the keys to being in the junk car rem