If you are unsatisfied with the current appearance or performance of your car, then you can modify it. This has become a rising trend these days as street racers and car shows become more popular. Hoods, spoilers, engines, and even trunks are modified to satisfy the taste of its owner. However, one thing that is important is the responsibility that awaits your modification – modified car insurance.
Whatever joy or satisfaction you get after modifying a car, they seem to vanish instantly after finding what great fortune you are doomed to pay for your car’s insurance. Auto insurance companies are professionals when it comes to determining risks, and modified cars are considered high-risk vehicles. Aside from having high possibilities of theft, these cars are the most dangerous moving objects on the road, causing 34% of the total vehicular accidents each year.
Because of this assumption, insurers, as much as possible do not offer their services to modified car owners because these drivers would only file claims with their insurance, meaning companies would not earn much. That is why you need to look for companies that really offer and specialize in modified car insurance. When negotiating about rates, it is best to tell them immediately about all modifications your car went through. It would not be beneficial if companies found out later that you have been hiding some details to reduce insurance rates.
Because your modified car is vulnerable to theft, assure your insurance provider that you have installed several security devices as well as a closed garage to keep thieves away. Having a high quality and state of the art security system will definitely gain some trust from insurers and give you a lower rate for modified car insurance. If you want to reduce premiums even further, then having a clean driving record may be the best way.
This ensures a company that you are a responsible driver and you try your best to stay away from accidents. Other drivers also receive great offers when they have established a respectable no claims bonus and then apply for insurance. This means they avoid accidents, or if they get into one, they can shoulder bills without asking for a claim from their insurance.
These are some very important reminders before even considering modifying a car. Car modification and installations may sound good, especially to friends, but it will definitely hit hard on your pocket when you apply for modified car insurance. Now that you know the terrible experiences which await you, are you still going to modify your car?