7 Car Modifications that Could Change Your Insurance
As technology improves, there are continually more possible ways to modify your vehicle, and while it was once a small group of eager fans who followed the trends in car modifications, popular TV shows like MTV’s Pimp My Ride have brought the movement to a wider audience. Making modifications to your vehicle can be enjoyable and exciting, but it could have some effects on your car insurance. Consider the following:
- A custom paint job could raise the value of your vehicle, thereby raising your insurance premium.
- Window tinting raises your vehicle’s value and thus makes it more alluring to thieves. In fact, most modifications, especially those that are cosmetic in nature, will increase the value of the car and therefore lead to an increased insurance rate.
- Changes to your car’s interior, such as getting new leather seats can also increase your insurance premiums.
- Many people like to get custom rims and tires. These will likely raise the price of your insurance.
- Adding a spoiler or other external feature can also change your insurance, but the amount can vary greatly, so check with your insurance agent.
- Upgrading your suspension to a sports model will probably change your insurance payments.
- Any other changes to performance, such as changing the exhaust or engine systems, will also change your insurance payments.
Contact Us
Despite the chance of increased costs, it is important to report these changes to your insurance. The Chicago insurance agents of Insure on the Spot can help you to ensure that you have adequate coverage to reflect your investment in vehicle modifications. Contact us today at 773-202-5060 to discuss your situation.
