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Thread: Modified vehicle, insurance

  1. #1
    By Popular Demand gimp's Avatar
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    Modified vehicle, insurance

    What sort of extra cost does it add to your premiums?

  2. #2
    By Popular Demand gimp's Avatar
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    "depends on the modifications, driver history, particular vehicle in question" etc. I assume. But roughly.

  3. #3
    Rabbit Herder StrikerNZ's Avatar
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    A lot of the insurance companies will only insure modifications up to a certain % of the entire vehicle's value. (The figure I've heard thrown around is 15%, but I don't know if that's correct or not)

    Didn't really answer your question though. Oh well.

  4. #4
    res
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    on a highly moded vitara its costing about 20% over what another car of the same value costs us-they don't seem to like it when you start adding things like diff lockers etc
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  5. #5
    Member GravelBen's Avatar
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    Depends on the specifics and which company I think - sometimes specialist insurers can be better, when I had a very modified turbo MX5 I insured it with Classic Cover, gave them a whole page of listed modifications and it didn't cost much more than a standard one with a regular company. Catches with that company are they have to agree that its not a normal car, you can't be using it as a daily driver and most of the policies are limited mileage (I had 10k PA I think). Don't know if they do 4wds though.

  6. #6
    Member Sideshow's Avatar
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    I wonder if you could insure it as a farm implement? Or try some 4x4 clubs they may have a better idea as there off readers are modified just a tad.

  7. #7
    The Original Striker
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    I use to use NAC (thru a Broker), for full offroad cover and recovery, premiums weren't too bad, but it wasnt modified that much either
    Bigger Better Faster Stronger
    Handle the Jandle, or get off the Beach

    The Original Striker

  8. #8
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    I think it depends on the modifications too. Are they ones that will increase performance : speed, agility, handling etc. Or mods that are simply additions like creature comforts or tools: Tool holders / racks, Tray additions, roof racks, stereos, hands free kits etc. Often ones that dont directly affect power and handling are treated differently to thinks that add power and handling.

    Think of it this way. Will the modification increase your chance of crashing in the insurers eyes? Or will it make the vehicle more desirable to scummy thieves? Any increase in risk will be met with an increase in premium.

 

 

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