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What You Need to Know About Insuring a Custom Car
Trying to find cheap custom car insurance presents a number of challenges, mostly depending on what kind of vehicle you want insured and your driving history.
Custom Cars Are not Born Equal
Custom cars vary widely, as the term is used loosely to cover any car that has been modified.
At one extreme, we have show cars. These tend to do very low mileage, often in good weather with careful drivers. This is all good news to an insurance company. The other end of the spectrum is inhabited by street racers. These cars are often driven by young drivers, at high speeds, and are at high risk of being involved in an accident. None of this is good news to an insurance company.
Different Modifications
When modifying your car, you are required to inform your insurance company. If you don’t, your car is technically not covered. How a car insurance company reacts to a modification of your car, greatly depends on the specific modification.
Small modifications, an example being fitting alloy wheels, will not cause much of a reaction from your insurance company. Whereas major modifications, especially engine modifications, will cause your car insurance premium to increase.
How to Find the Cheapest Custom Car Insurance
If you have bought a vehicle that has been modified, the keyword to finding the cheapest car insurance possible is research. Search the internet and phone around to get as many quotes as possible. A number of companies specialize in insuring custom cars and they very often advertise online, this makes a good starting point.
If you are planning modifications of your car, call your insurance company ahead of time and hear how it will affect your premium.
Just like any other car insurance, it might be possible to negotiate discounts if the car is only driven by drivers more than 25 years old, if the expected mileage is restricted, or if the car is parked in a secure garage when it is not in use.
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