Modified Car Insurance

Each insurance company will have different requirements when it comes to modified car insurance. What may cause a premium increase at one company may not at another. It can be difficult to know exactly which parts and accessories will start the premiums climbing upwards.

Some Possible Expensive Components

Add parts that are consider after-market designed to improve your car's performance will generally increase your payments. These may include expensive carburetors, exhaust systems, or even a bigger engine. It may be tempting to not inform the insurance companies about these improvements, but if you are in an accident or your vehicle is stolen, you could be out a lot of money. Some insurance companies may consider fraud, resulting in no payment for your claim.

Other improvements may include those that add to the appearance to your vehicle. New alloy wheels, lowered cars, expensive stereo systems, and even GPS systems can all raise your premiums. Even something as simple as a new paint job may be enough for the insurance company to raise your rates.

Security Issues that Can Help Keep Premiums Lower

If you garage your vehicle, you're likely to see a discount on your insurance. Modified car security systems can help as well. If you live in an area that has a higher than normal crime rate, especially for stolen vehicles, these two factors may offset the increase that is usually applied for high risk locations. These are two things to keep in mind before you start to modify your vehicle.

If you are a young driver and you have a modified car, be prepared to pay a substantially higher premium. In most cases, insurance companies believe that those with modified cars, especially those modified for increased performance, will have a greater chance of being involved in an accident that results in a claim. You can find a great deal on modified auto insurance by following a few tips.

Secure Your Vehicle

As stated earlier, you'll want to keep your vehicle garaged and install an alarm system. Lock your vehicle when you exit each and every time. In fact, many insurance companies will not pay for a stolen vehicle if the doors were unlocked or the keys were in it.

Only Allow Licensed Drivers to Operate Your Vehicle

This is often a problem with the younger crowd. Many want to just "take the car for a spin" to see what it will do. If you have given your permission and there is an accident, your insurance company is likely to not pay the claim.

Keep Your Driving Record Clean

Even one speeding ticket can adversely affect your premiums in a rather boring car. When you get a speeding ticket or other moving violation in a modified car, it can raise your premiums as much as 25%. While you may love your car's increased performance, there is a time and place for everything.

Don't Let Your Insurance Lapse

Most insurance companies will charge higher premiums if you have not carried insurance continuously for the last six months. Do everything you can to make sure you always have car insurance. Insurance modified car will do you no good if it's not in effect.

In Closing

While modified cars are very impressive, they can cost you a lot more than just the parts and labor. Insuring those vehicles can be expensive, but the above tips will help find the lowest premiums available.

Auto Quote Now provides free quotes for cheap modified car insurance. You can find the best policies at the best prices for your car insurance, modified or not, at this site and it only takes a few minutes.