Home : Overview on insuring a modified car
Are you the owner of a modified or tuned car? Then you must know that there are certain things you need to know about insuring it compared to insuring a stock vehicle. But don't worry, we are here to help and in the next lines we are going to tell you everything you need to know about insuring your modified car so that you can legally take it out on the streets and make sure that it is protected in case you are involved in an accident and something happens to it.
Almost all the important insurance companies in the United States have certain rules when it comes to insuring a modified car. Because you already know that assessing the risk is the most important task of the ones that work in the insurance domain, they will be very careful in this situation. Why? Because statistically speaking people that modify their car are usually passionate drivers that sometimes have the tendency of pushing their vehicles and driving capabilities towards the limits.
It is only common sense that a driver that pumps an additional couple hundred horsepower in its engine does this because he feels the need for more power and speed. And of course that the chances of him being involved in an accident rise. Now there are cases when certain insurance companies simply won't agree to insure your car, thinking that the risk is too big for them to handle. Some will agree to do it, but will ask you to pay a high insurance premium, which certainly isn't in your advantage.
People invest a lot of money in modifying their cars, both externally and technically, boosting their aspect and performances. And some expect to pay the same insurance premium as with a similar stock car. But this simply cannot happen because the modifications add to the value of the car and the risk has to covered by the insurer in some way.