The Truth about Car Modifications and Insurance

Whether you’ve got a brand new performance car or a used vehicle that could use some upgrades, you may have plans for modifying your vehicle. You might be a dedicated auto tuning enthusiast or just want to paint a mural on the side of your VW van. Either way, you need to be aware of the common misconceptions about car modifications and insurance – and the truth in each case.

Misconception #1 – I can make a few small changes without reporting them to my insurance. In fact, you need to report all changes to your insurance. Failing to do so could put you at risk of losing your insurance.

Misconception #2 – I’m planning to make several performance modifications to my car, so I probably won’t be able to get insurance. Almost all cars are insurable. Only the most heavily modified cars won’t be able to find insurers, and in these cases those who pay for them can probably afford to self-insure their vehicles. Most people simply update appearance or add a moderate amount of performance customizations. These are quite insurable.

Misconception #3 – There’s nothing I can do to lower my insurance once I’ve modified my car. Also quite untrue. Insurers may have to increase your premiums due to the increased value of your car, but there are likely some choices you can make to keep your insurance payment down. If you drive your car infrequently, keep it parked in a garage, or install advanced security features, you may lower your insurance. Also remember that having a clean record can always help with insurance.

Contact Us

Modifying your car can be fun and exciting. Make sure that you’re also responsible with your modifications by talking to the Chicago insurance experts of Insure on the Spot about your current or planned mods. Call us today at 773-202-5060 to find out about your affordable, comprehensive insurance options!