Most classic car owners probably prefer to retain as much of the original look to their vehicle as possible. However, there are some that wish to make a few modifications either to the bodywork and/or the engine. In the later case, it should be borne in mind that doing this may result in the premium that you pay for your car insurance increasing.
Your car insurance premiums may rise if you modify your vehicle.
The price comparison website MoneySuperMarket.com has some interesting data relating to the impact that modifying a modern car can have on the price that is payable for the cover. For instance, if you were to turbo/supercharge the engine in a car then the premium could increase by as much as 132% – that is a huge percentage rise.
If you were to have uprated brakes fitted then this could put up to an extra 36% on the cost of your cover. Playing around with the suspension system could mean that you end up paying an extra 25% for your car insurance.
If you decided to add air conditioning to the vehicle you could see your premium go up by as much as 13% and if you had a sunroof fitted then the cost of your cover could increase by up to 17%.
If you replace the seating then your premium may rise by as much as 27% or if you decide to change the upholstery then you may have to pay anything up to 16% more for your cover.
Tempting as it may be, if you decide to give your car a specialist paint job then you may see your car insurance premium increase by anything up to 36%. Put alloy wheels on your vehicle and you may see your premium rise by up to 8%.
As you can see, modifying a car could have a significant impact on your insurance premiums. So, if you are considering modifying a classic car you may also wish to check what effect financially it may have in respect of your classic car insurance.
