As a general rule of thumb in the used car business, a salvage title cuts the selling price of the car in HALF. If the insurance company will only value the rebuilt car for around $3000, would you bother to carry anything but liability insurance on it?
'03 525i Sapphire Blu/Grey, SP, Nav
'03 530i Sterling Gray/Blk, SP
'02 525it Titanium Silver/Grey, SP
'02 325it Orient Blu/Grey, SP, Nav