If you happen to be one of those people who love to reinvent their cars and turn them into something else, watch out; your insurance company will not take all these modifications kindly. Although many car insurance companies now offer modified car insurance policies, that does not mean that they are getting lenient when it comes to issuing coverage for modified vehicles. In fact, a good number of insurers charge higher premiums for modified cars.
Why do insurance companies charge higher premiums on modified cars? When you make changes in the make-up of cars, you expose yourself and your car to risks. Even the slight modifications on the vehicle can already affect its efficiency on the road. Insurance companies recognize these risks so they will charge higher premiums for a modified car. Luckily, there are ways to get modified car insurance coverage without paying so much money. To help you get the coverage that you deserve, here are some tips.
Compare Prices and Features
You can save a lot of money on modified car insurance if you take time to compare quotes. Yes, this whole idea of gathering several insurance quotes is not really so appealing, but if you want to get the best value for your money, you just have to do what is needed.
When comparing prices and features of car premium policies, pay close attention to the fine prints. Take note of exceptions and limitations in the policies. If you have some questions regarding the coverage offered by the different companies, do not hesitate to ask questions. You do not have to call an insurance company if you do not want to deal with agents. Simply email your questions to the company and wait for their reply. Most big insurance companies reply to emailed queries within 48 hours so expect a quick reply from them.
Get Your Insurance Policies from The Same Company
If you want to get cheaper modified car insurance, make it a point to get all insurance policies from the same company. Most companies give discounts to loyal customers, so as much as possible stick to one company.
Install Safety Devices in Your Car
You can reduce the amount of car premiums by installing safety devices in your car. You see, most insurance companies consider the possible amount of risk involved when it comes to computing the amount of car premiums. Higher risk level means higher premiums. Installing safety devices in your car can effectively lower risk levels, so you can end up paying lesser insurance premiums.