Insurance for Modified Cars: What You Need to Know

If you own a modified car, finding affordable insurance can be a challenge. Insurance providers view modified cars as a higher risk due to the increased likelihood of accidents and theft. However, with the right knowledge and preparation, it is possible to get the coverage you need. In this article, we’ll cover everything you need to know about insurance for modified cars.

What is a Modified Car?

A modified car is any vehicle that has been altered from its original factory specifications. This can include performance upgrades, cosmetic changes, and even structural modifications. Examples of modifications include:

If your car has any modifications, it is important to disclose them to your insurance provider to ensure that you have the proper coverage.

Why is Insurance for Modified Cars More Expensive?

Insurance for modified cars is generally more expensive than insurance for stock cars. This is because modified cars are viewed by insurance providers as a higher risk due to:

• The increased likelihood of accidents, particularly if the modifications affect the car’s handling and performance.
• The increased likelihood of theft, as modified cars are often targeted by thieves.
• The higher cost of repairs, as parts for modified cars can be expensive and may need to be sourced from specialty dealers.

As a result, insurance providers may charge higher premiums for modified cars, or may only offer coverage at a higher deductible or with more restrictive terms and conditions.

How Can You Get Affordable Insurance for Your Modified Car?

Despite the higher costs associated with insurance for modified cars, there are several ways to get affordable coverage:

• Shop around: Different insurance providers may offer different rates or have different policies when it comes to modified cars. Be sure to shop around and get quotes from several providers.
• Join a car club: Many car clubs offer discounted insurance rates for their members.
• Install security measures: Adding security features to your car, such as an alarm system or anti-theft device, can lower your insurance premiums.
• Choose a higher deductible: Opting for a higher deductible can lower your monthly premiums, but be sure to only choose a deductible that you can afford to pay if you need to make a claim.
• Consider specialized insurance: Some insurance providers specialize in coverage for modified cars and may be able to provide more affordable rates.

FAQ

Do I Need to Disclose Modifications to My Insurance Provider?

Yes, you should always disclose any modifications to your insurance provider to ensure that you have the proper coverage. If you fail to disclose modifications and need to make a claim, your insurance provider may deny the claim or reduce the payout amount.

Will Modifications to My Car Affect My Insurance Premiums?

Yes, modifications to your car can affect your insurance premiums. Insurance providers view modified cars as a higher risk, so you may be charged a higher premium or may only be offered coverage with more restrictive terms and conditions.

What Types of Insurance Coverage Do I Need for My Modified Car?

The types of insurance coverage you need for your modified car will depend on your individual circumstances. However, you may need to consider additional coverage beyond the basic liability coverage, such as collision coverage, comprehensive coverage, and uninsured motorist coverage.

Can I Get Insurance for a Kit Car or Custom-Built Car?

Yes, it is possible to get insurance for a kit car or custom-built car. However, these types of cars may require specialized insurance coverage, so be sure to shop around and find a provider that offers the coverage you need.

What Information Do I Need to Provide to Get an Insurance Quote for My Modified Car?

To get an accurate insurance quote for your modified car, you will need to provide information about the modifications made to your car, your driving history, and your personal details. Be sure to disclose all modifications to ensure that you get the proper coverage.