Modified Car Insurance
Finding car insurance for modified cars can be difficult as generally insurers frown on any changes you make to a vehicle.
Modifying a vehicle presents more risk to a car insurance company than a sports car or an imported car because the modifications made may be unorthodox and a potential hazard. Peripheral changes such as the addition of alloy wheels may go unpunished by insurers, but even these small alterations could be viewed as making your car more desirable to thieves and enhancing your claim risk.
When looking for modified car insurance remember, anything that adds value to your car such as new bumpers, spoilers, exhausts and changing or lowering the suspension will usually be reviewed on a case-by-case basis.
However, if you enhance the vehicle's engine and performance you will almost certainly receive a higher modified car insurance premium due to the risk that you will be travelling at higher speeds.
How to keep costs of modified car insurance down
Generally, you will pay more for car insurance if the vehicle has been modified, than you would to insure a conventional car but you can still limit this expense. Firstly, don't go too far with your modifications – remember each one will likely increase your premium, so keep changes to a minimum. However, you should always declare any changes you've made to the spec to an insurer or you risk invalidating a claim.
Shop around and gather as many modified car insurance quotes as possible. Use a comparison website and also look into specialists, which may be able to offer cheap modified car insurance as well as a number of unique discounts and options such as track day cover and owners' club membership bonuses. Many specialist insurers will also offer you an agreed valuation of your car so you know the exact amount you are covered for.
Steps to save money on modified car insurance
You should follow the same steps with a modified car as you would with a conventional car to save money on car insurance. These can include parking in a garage at night, fitting a car alarm and immobiliser, driving safely to build up a no-claims discount and avoiding driving convictions.
For additional savings, consider agreeing to a mileage limit if you use the car infrequently and see if your insurer offers a discount if you complete an advanced driver's course. Include locking wheel nuts on alloys and look into raising your voluntary excess to a level you can comfortably afford.
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