IAAI, also known as Insurance Auto Auctions, is an automobile auction service that allows insurance companies and individuals to sell automobiles on its website. Vehicles that are sold by insurance companies on the platform tend to be vehicles that are categorized as total loss.
IAA also purchases vehicles from U.S. households.The vehicle being purchased must have a free and clear title, and only one vehicle per household can be purchased. The company sells the vehicles in its listings through a combination of both live auctions as well as live Internet bidding. As of 2015, the company operates 150 auction centers around the United States.