Types of Modifications
There are many modifications you could choose to make to your car, each one bringing something new to the vehicle in terms of power or aesthetics. Any changes from the manufacturer standard are considered to be modifications, including the following changes:
- Transmission or gears
- Wheel arches
- Roll cages/bars
- Specialised paintwork/stripes
There are many other modifications that can be made, but this is a small selection of changes that end up costing you more in terms of your premium. You need to tell your insurance broker if there have been any modifications made to your car otherwise your policy may be invalidated.
How Much Does It Cost?
Essentially, modified cars present more of a risk due to the unpredictable nature of the upgrades. Cars that come straight from the factory have been tested to a certain standard that may no longer be relevant if there have been changes made to the performance and power of the car. Furthermore, modified cars can be an attractive prospect for thieves, leaving them at greater risk of being stolen. This will have a marked effect on the price of your premium.
There are some modifications you can make that will actually help to decrease the cost of your insurance, but these are things like parking sensors or extra security measures.
The price of your insurance depends entirely on the make and model of vehicle you have as well as the modifications that have been made. Although you are likely to pay more than you would for a standard vehicle, there are brokers that specialise in this type of cover who will help you create a bespoke policy at a competitive price. Fill out our contact form to be put in contact with our panel of modified car insurance brokers and start comparing quotes today.