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Car insurance for modified cars
In the UK, you don’t have a choice, you must have car insurance. What you do have a choice about, is the level of cover and which insurer you want to place your insurance with. Both are vital decisions particularly when considering insurance for modified cars.
There are three basic types of insurance available to UK motorists. The most basic of insurance cover is third party which, in case of an accident will cover you against any claims that are made against you. The next level of cover is third party fire and theft (TPFT) which is an extension of the third party cover. However, due to the higher repair costs than a conventional vehicle most modified car enthusiasts will opt for comprehensive insurance. Comprehensive insurance will pay for any repairs required to your vehicle if it is damaged in an accident, a settlement if it’s written off and comprehensive policies can include additional extras such as windscreen cover and a courtesy car whilst yours is being repaired.
Why modified car drivers pay more for car insurance conventional drivers
Unfortunately for modified car enthusiasts, car insurance companies tend to group all modified car users into the same category and do not distinguish between true enthusiasts and reckless drivers. The simple fact of the matter is that the majority of modified car drivers are among the safest on our roads as they are afraid of damaging the investment they have made in their cars.
Nevertheless, to car insurance companies, modified cars present a higher risk due to the higher cost of repair and replace and the vehicles are a much more attractive option to thieves and vandals in comparison to conventional vehicles. Improving the performance of your vehicle will can have a negative impact on your car insurance premium as insurance companies may assume that because your vehicle is capable of faster speeds, it will be driven at faster speeds, thus increasing the risk of an accident.
How can modified car drivers find a good deal on their car insurance?
The good news for modified car drivers is that not all insurance companies view them in the same light. There are a growing number of modified car insurance specialists including Adrian Flux, Greenlight Insurance, Performance Direct, Express Insurance, Endsleigh and Emodified Car Insurance.
The benefit of using a specialist is that you can benefit from a variety of unique policy options including:
Agreed valuations – You know how much your car is worth, so in the event of your vehicle being written off you will be given a pre-determined amount rather than settling for market value.
Like-for-like cover on all modifications – So you won’t have to fork out again in the event of making a claim.
Limited mileage – Insurance companies offer lower premiums if you agree to limit your mileage. This is due to the fact that the less time you spend on the road, less chance there is of you being involved in an accident.
Track day / Rally cover – Cover for meetings and events.
Car club discounts – Reduced premiums if you are part of a car club.
While these insurers can be great for modified cars you should never assume they are the cheapest. Instead use a comparison website to compare car insurance policies – some will compare deals from as many as 90 different providers.
By using a car insurance comparison website, as well as considering the deals from specialist insurers, you can ensure you’re getting the best level of cover at the right price – and that is what every modified car enthusiast deserves.
Modified Car Insurance
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