Top Tips for Insuring a Modified Car

Modified car insurance is different to standard car insurance as providing adequate cover requires specialist knowledge of the technicalities of car modification. Although modifications can mean something as little as adding alloy wheels or a spoiler, they can also mean something as extravagant as a turbo conversion. These modifications tend to add value to the car, increase the risk of theft and make it more difficult to find replacement parts, leading to the driver being categorised as higher risk and thus being assigned higher premiums.

  1. Use a Specialist Broker

If you don’t want to pay extortionate prices, turn to a dependable specialist modified car insurer. Specialist brokers will be experts in their field and often have a passion for modified cars. They generally believe that the driver is more likely to take care of a vehicle which they have invested so much time and effort in, and their premiums reflect this. As they have the specialist knowledge required for the correct cover, they can save you time and money by doing the hard work for you. Check out insurers such as Sky Insurance for comprehensive, reasonable policies to suit you.

  1. Honesty is the Best Policy

When it comes to modified car insurance, the most foolish thing you can do is lie. If you fail to declare the modifications you’ve made, then your insurance is likely to be void if you ever need to make a claim. Any car that has additions or alternations to its standard factory specifications is classed as a modified vehicle by the insurance industry. If you’re uncertain, ask your insurer for clarification.

  1. The Bare Necessities

Think about what your insurance covers and what it actually needs to cover. If you find yourself in a situation where your premium is extortionate and your annual insurance costs more than your car is worth, what exactly is your policy covering? As good as a comprehensive insurance policy sounds, it might not actually be necessary. See what third party and fire and theft insurance covers, and then decide whether they’re viable options to help cut costs.

  1. Pass Plus

A Pass Plus qualifications can entitle new and younger drivers to great discounts and significantly lower their insurance costs. The qualification shows that you have more driving experience than your age or the length of time you’ve been driving for suggest, and that you therefore pose a lower risk than a driver with similar statistics.

  1. Don’t Tempt Fate (or Burglars)

To lower the risk of theft and thus lower your premiums, make sure that you store your car somewhere safe overnight. The most secure solution is a locked, alarmed garage. Insurers will appreciate the effort you’ve put into protecting your vehicle, and their price plan will reflect this.

  1. Be Practical

As cool as your modified car undoubtedly is, if you have something less flashy for everyday use, take advantage of your sensible side and use it to save yourself some money. If you fall into this category, you can probably take advantage of a second car policy. Most insurers offer this and it helps to reduce the cost of insurance on the modified vehicle.

Irrespective of your age, budgeting for a car and all of the associated outgoings is a pretty costly task. Modified car insurance is no exception to this rule – if anything, it’s even more expensive. To scale back your costs and get the car of your dreams, follow these simple tips.


Leave a Reply

Your email address will not be published. Required fields are marked *

CommentLuv badge