A Closer Look at Car Modifications and Insurance

Maybe you just bought a great new ride and are eager to give it a few final touches, or you’ve been working on a fixer-upper for a while. Either way, you may be making some modifications to your vehicle. Anyone that is interested in car modifications should consider what kind of impact this will have on your car insurance. If you are working on your automobile, remember the following:

• Your insurance will want you to report all modifications, both aesthetic and performance-related.
• These modifications may or may not change the price of your vehicle, and in some cases, they may even make it uninsurable.
• Aesthetic changes to your car may make it more appealing to someone looking to steal a car.
• Modifications such as sports suspensions or changes to your engine and exhaust system affect the car’s performance. Even if you’re not going to be unsafe in your modified ride, insurance companies have a set rubric they use in calculating your costs and some modifications require that they increase your rates.
• Even if you think your rates will go up, you’ll want your insurance to know about changes made to the vehicle so that the car can be covered.
• Remember that if your modifications make it impossible for your car to be insured, you are required to show proof of your financial ability to cover significant costs in the event of an accident.

Contact Us

Modifying your car can be a fun hobby, and is also something that you should do in an informed manner. Contact the Illinois car insurance experts from Insure on the Spot by calling 1-888-972-SAVE if you have any questions about insurance and modifying your vehicle.