Modifying your car is a great way to improve it and allow you to reflect your individuality; however, it isn’t without its drawbacks. And the biggest drawback is the fact that it can have a massive impact on your insurance premium.
Depending on the modifications you make, you could find that your annual quote goes through the roof. As a result, it’s tempting to ‘forget’ to inform your insurers of any changes you make. However, even think about it, as you could invalidate your whole policy.
Remember, your insurance policy is a contract between you and your insurer, and the premium you pay is based on the car which you’ve told them you drive.
Cosmetic mods don’t generally ramp up your premiums as much as mechanical ones, so if you’re thinking of modifying your car on a budget, go for a bodykit rather than an engine re-map.
John Bray from modified specialist insurance brokers Adrian Flux explains how you can stay covered, without bankrupting yourself:
“If you’re planning on modifying your car, it’s always worth getting a quote from a specialist insurance broker first, as some companies willing to insure a standard car will run a mile at the mention of modifications.
“However, if you’re under 19 years old and want cover on a fast car with a load of performance modifications, no matter which company you choose, it’s not going to be cheap. Cosmetic mods, on the other hand, such as interior, wheels, audio and bodystyling, generally carry much lower loadings, that are much friendlier on your pocket.”