You’ve probably searched for modified car insurance before. Even if you submit your application to comparison websites or explain your unique parts to agents, your applications may be rejected. Even if you find a plan that suits your needs, it may be expensive. You can still find coverage, no matter how tedious the search.
You can find an insurance plan that covers your car with a little effort. Because many insurance companies listed in the telephone book don’t even cover modified vehicles, I recommend you start with the internet. You can search Yahoo or Google for “modded vehicle insurance x”, where the x is your city. You should see a lot of results, which will give you an idea of what to expect when it comes to insurance companies. You might want to look into collector or antique car insurance providers if you’ve invested more than five grand in the car. You don’t need to have a collector’s car. They may have affordable plans that will suit every car enthusiast.
Different insurance companies have different guidelines about what modifications they will cover. Some insurance companies will only cover modifications made by the manufacturer. Others may require that you purchase additional coverage to cover custom or aftermarket modifications. In most cases, you will need to first purchase collision and comprehensive coverage before you can buy insurance for modifications. Make sure you include all information when applying for modded insurance. Certain providers can be strict and could make your entire policy invalid. Clear communication is important, as the entire purpose of the coverage should be to protect your investment.
It may surprise you to learn how much insurance costs for a performance car. Modified vehicles are more risky for insurance companies, which is why the higher price. Most insurance companies deny coverage because of the higher risk and higher cost of repairing and replacing cars. Performance cars are often driven at higher speeds and are more likely to be involved in accidents or stolen than standard cars. Car insurance companies classify performance cars either as show cars or race cars. Because they are less likely in an accident, show cars will typically be cheaper to insure than race cars.
Insurance companies recognize that despite the potential dangers, every driver of a modified car is not a dangerous driver. Many people love cars and enjoy customizing them. They will keep their cars in excellent condition both aesthetically and technically. They don’t drive recklessly or damage the vehicle to improve it.
Pay attention to the fine print and take note of all details. Insurance advertising is intended to grab your attention and not explain every detail. You shouldn’t assume that every modification is covered. It is important to understand exactly which equipment is covered and how much coverage.
Modified car insurance covers a variety of parts. You can also get coverage for cosmetic upgrades like headrest televisions, custom paint jobs, and alloy wills. Most likely, your plan will cover performance modifications such as new suspensions and pistons, supercharges, or conversions. You may have a maximum amount that your insurance company will pay for custom parts. Imagine being in an accident that results in the destruction of ten thousand dollars worth modifications. Then you find out that your insurance provider will only pay four thousand dollars. It is best to be prepared.
