Planning to Modify Your Car? Know Its Impact on Your Car Insurance Plan

By modifying the car you are changing the safety features and in the process endanger the passenger’s safety and the public usually. These changes do attract a revision of your car insurance premium. All systems are harmonized to work together to maximize performance. The rest of the parameters, such as speed, fuel efficiency, power, braking systems, air conditioning systems, etc. also play an essential part in the overall design and handling of the car. Making changes might have an unpleasant effect on performance.

Modifications That Can Impact Your Car Insurance

Mentioned below are some of the modifications that can impact your car insurance policy:

• Wheel Modifications

Making modifications to the car wheels may improve the look; while wheel upgradation may upturn its value. Thus, if you get your car wheels modified, ensure that you reveal it to your car insurance company on time.

• Engine And Mechanics Modification

The modifications that are carried out to heighten the engine power, and result in an increase in the acceleration speed, always enhance risk. This is because road accidents usually occur at fast speeds. Drivers, who drive irresponsibly, are more likely to engage in speeding, overtaking, and other risky activities. That is why; adding a supercharger, turbo, or nitrous oxide to your car, can add on to your car insurance premium.

• Car Interior

Making alterations to your pedals, car steering wheels, seats or sound system, are also considered to be significant changes and need to be informed to your insurance company.

• Brakes and Suspension

Getting modifications done to such vital parts would require evaluation by the insurance firm. If you have got your car installed with upgraded brakes, or if the suspension changed, its performance on the road will change. This also requires to be intimated to your insurance provider. Also, the insurance company would not be sure about the service provider, from where you may have got your car modified.

• Paint Work

Getting your car’s paint changed may appear to be the most risk-free modification done to your vehicle, but this also necessitates to be notified to your insurance provider. Especially, getting unusual paintwork done – like intricate racing designs, eye-catchy designs can radically change the look of your car. It levies higher possibilities of theft and as a result, the insurance premium will also increase. In this situation, the insurance company would not include your specialist paint modifications.

Conclusion

Modifying a vehicle is not only a dear affair; it also enhances your premium. Minor modifications may not draw any increase but any chosen modification like changing the engine, structural changes to the body, framework or using oversized wheels and other such modifications will definitely attract a higher premium to cover the risk of an unlucky accident. It is always a good practice to notify the insurer about any change to your car so that these modifications do not become a bone of argument at the time of claim. Also, do not forget to make endorsements in the policy about the modifications.

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.