Modified Car Insurance: Tracking Down The Cheapest Quotes

Finding the cheapest modified car insurance quotes online is a much tougher prospect than insuring any normal standard car, you’ll soon realise that most insurers steer clear of modified cars?

Modifications such as the addition of alloy wheels and a new performance exhaust system may increase the value of your car by only a small amount, but those alterations will also attract the attention of car thieves. As a result your modified car insurance costs may increase by much more than you might expect.

Other changes such as upgrading your engine or fine tuning the suspension performance to improve handling may further increase your modified car insurance premiums due to the possible risk that you will drive at greater speeds.

Insurers will have to be informed of any alterations made that increase the value of your car, in particular all performance enhancing modifications, otherwise you may risk invalidating your modified car insurance policy.

Depending on the scale of modifications some insurers (especially the larger companies) may refuse to even give you a quote. You may even have to look to a specialist car insurance provider who provides cover for high performance vehicles so be prepared to do some comparison searching online.

You could ask for advice from people who already drive modified cars. Custom car shows are the perfect place to find a group of like minded people, you could even ask questions online at motoring forums. It’s also a good idea to get several modified car insurance quotes beforehand before you even begin any alteration work on your car. The last thing you want is any big surprises in the cost of the policy.

Six steps you can take to reduce the cost of modified car insurance

(1) Avoid any extreme modifications such as nitrous oxide systems, these kits are guaranteed to ramp up the cost of your modified car insurance.

(2) Park your car off road and preferably in a garage, ‘out of sight’ is very much ‘out of mind’ and lessens the risk of your car being stolen.

(3) Fitting a car immobilizer system is another option which you should consider, this will prevent the engine from running (even if hot-wired) unless the correct key is used.

(4) Driving safely to avoid picking up points against your licence and build up your no-claims discount.

(5) Taking an advanced driving course and raising your voluntary excess are other steps you can take and

(6) Agree to a mileage limit – If you don’t drive your car too often you can save on your modified car insurance by agreeing to a mileage limit.

It all comes down to the perceived risk of you making a claim. If insurers feel that you are less likely to make a claim then you’ll be rewarded with a cheaper modified car insurance policy. However, by making substantial ‘boy racer’ performance enhancements and parking your car in the street at night your premiums are guaranteed to hit the ceiling!