LKQ partners with SafeAuto insurance

LKQ Corporation and SafeAuto Insurance Company have entered into a strategic alliance for the disposition of total loss vehicles. LKQ will pay SafeAuto an agreed price for total loss vehicles, eliminating the expenses associated with having the vehicles processed through auctions. The alliance will continue to develop the insurance industry’s innovation in the area of alternative parts utilization.

Senior VP, LKQ, Rob Wagman said, “By providing a competitive bid for salvage, we are keeping salvage from leaving the United States and making those parts available to carriers and repairers alike. Keeping salvage in the States will reduce claims costs and the amount of total losses of other damaged vehicles.”