Modified Car Insurance - What You Need to Know
Many car owners, when they have a little extra cash lying around, like nothing better than to make modifications to their vehicle to either make it look better or to increase its performance.
While modified cars come in for a bit of a bad rap from many people because of their association with boy racers, improving your car from its original specification can be a rewarding experience, even for those of us who aren't as young as we used to be.
However the satisfaction of building the car of our dreams can quickly evaporate when you try to get a modified car insurance quote from our regular insurer.
It is absolutely essential that you tell your insurer every modification you have carried out on your vehicle if you want to be covered in an accident.
The problem is that in the eyes of your insurer modifying your car increases the risk that you will have to make a claim at some point.
Insurers are experts in managing risk, but the problem with modified card insurance is that many of the regular insurance experts have little experience when it comes to custom cars.
For this reason it makes more sense to seek out a car insurer who specialises in modified car insurance if you want to find the most economical quote available.
Adding accessories such as alloy wheels, racing seats and large, expensive stereo systems puts your car at a higher risk of theft, so to appease your insurer you should be keeping your car garaged overnight and adding a high quality security system.
If you decide to improve the performance of your vehicle by adding after market performance exhaust systems, or even increasing the size of your engine then your insurer is really going to hit you hard.
The best advice to people wanting to make such modifications is to wait until you have built a decent no claims bonus and have reached an age where insurance premiums have reduced significantly.
Most importantly, if you are looking to make any modification to your car get an insurance quote before you start the work so you don't get any nasty surprises about the cost when its too late.
While modified cars come in for a bit of a bad rap from many people because of their association with boy racers, improving your car from its original specification can be a rewarding experience, even for those of us who aren't as young as we used to be.
However the satisfaction of building the car of our dreams can quickly evaporate when you try to get a modified car insurance quote from our regular insurer.
It is absolutely essential that you tell your insurer every modification you have carried out on your vehicle if you want to be covered in an accident.
The problem is that in the eyes of your insurer modifying your car increases the risk that you will have to make a claim at some point.
Insurers are experts in managing risk, but the problem with modified card insurance is that many of the regular insurance experts have little experience when it comes to custom cars.
For this reason it makes more sense to seek out a car insurer who specialises in modified car insurance if you want to find the most economical quote available.
Adding accessories such as alloy wheels, racing seats and large, expensive stereo systems puts your car at a higher risk of theft, so to appease your insurer you should be keeping your car garaged overnight and adding a high quality security system.
If you decide to improve the performance of your vehicle by adding after market performance exhaust systems, or even increasing the size of your engine then your insurer is really going to hit you hard.
The best advice to people wanting to make such modifications is to wait until you have built a decent no claims bonus and have reached an age where insurance premiums have reduced significantly.
Most importantly, if you are looking to make any modification to your car get an insurance quote before you start the work so you don't get any nasty surprises about the cost when its too late.
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