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Car Insurance for modified cars - tips and a guide

Discussion in 'General car Chat' started by obi_waynne, 13 March 2006.

  1. StevieDB9

    StevieDB9 Road Burner

    Messages:
    328
    From:
    (was) Allanton, Scotland
    Car:
    Ford Focus 1.4
    im with admiral as they are by far the cheapest for me but they can be a pain. for one a woman ran into the back of me whilst sitting at red lights; even though she admitted fault and her insurance company covered all the costs, my insurance went up £40 (checked online making claim vs no claims), enquired about it and apparently even though it was not my fault I must obviously be a higher risk driver. go figure. also they charge extra for optional extras but dont replace them should they be damaged, how that works when there's a factory fitted body kit i'll never know :S
     
  2. admin

    admin Administrator Staff Member

    Messages:
    237
    We have some insurance deals in place and I've added them to the original post in this thread. So if you want a good deal try those links first when your policy is due. ;)
     
  3. manracer82

    manracer82 Wrench Pro

    Messages:
    23
    From:
    Berwick England
    Car:
    Vauxhall Astra MK4
    i agree but also think there is a distinction between what is their business and what is yours as its their business if you mess around and start lowering the suspension but none if you are actually improving safety at garage and have 12 month mot thats yours i wouldnt inform them every job had done to the car i would be on the phone to them every week it comes down to safety if you make engine more powerful then tell them if you feel you need to
     
    Last edited: 13 October 2011
  4. pgarner

    pgarner TC ModFather Moderator

    Messages:
    16,522
    From:
    Lockerbie, SW Scotland
    Car:
    Octy smoke machine
    so your saying if i put on a huge 6 pot set of brakes on the front with racing pad, braided lines etc then i shouldnt need to tell them ? because im making the car safer
     
  5. T9 man

    T9 man TC Pro Founder Moderator

    Messages:
    20,008
    From:
    London, UK
    Car:
    Saab 9-3SS T9
    Well it's not just the alleged safety aspect that you need to notify the insurance company about, but claiming back the cost of these expensive items if God forbid you have an accident and you need to claim replacements. I for one have told the insurance company everything that has been fitted on the beast, and the moment something gets fitted I am on the phone again getting the premium adjusted to suit the equipment installed.
    This is because I have spent tens of thousands on my car and if I get involved in an accident, I want every single thing replaced like for like!
     
  6. manracer82

    manracer82 Wrench Pro

    Messages:
    23
    From:
    Berwick England
    Car:
    Vauxhall Astra MK4
    yes modifications should always be declared but i just wonder how often people do this in reality i have specialist insurance for modified cars meaning about same price as standard business full comprehensive about £ 425 year also i would like to see more emphasis on vehicle safety maybe mot being a compulsory qualification beforehand so they run 12month simultaneously this would make roads safer in my view less accidents from faulty cars being insured
     
    Last edited: 13 October 2011
  7. Prince

    Prince Torque King

    Messages:
    6,309
    From:
    Northampton, England
    Car:
    BMW E36 318is Coupe
    I think the reason we have so many accidents in the country is because the the quality of driving is generally quite poor (except us TC lot! :lol).

    Everything should be declared unless you quite like going to court and being prosecuted.
     
  8. manracer82

    manracer82 Wrench Pro

    Messages:
    23
    From:
    Berwick England
    Car:
    Vauxhall Astra MK4
    yes driving quality is a major part of the equation but logic should tell you car quality is the other half of the equation
     
  9. SLEEPER

    SLEEPER Pro Tuner

    Messages:
    2,693
    Its realy simple - Maybe we should just be honest

    People with bodykits drive on average faster and sillier than those without
    And insurance companies know from there records that more cars (as a %) with bodykits have accidents than without .(for the same reason )

    Same with mods ON AVERAGEl

    If you are going to take issue with the above please read what I said carefully first -

    And before anyone replies telling me they have been driving modded cars for years accident free that doesnt change the statistics because yuo are already included in them.
     
    pgarner likes this.
  10. Brainscan

    Brainscan Grease Monkey

    Messages:
    5
    From:
    United Kingdom Ipswich
    Car:
    MG ZR+
    Insurers don't want to insure anyone who has held a licence less than a year as 8/10 people have a crash in their first year, couple that with the under 21's being involved in 90% of all RTA's, insurers make a loss on almost all first year drivers. Even if you're paying a couple of grand for your policy, if you hit the barrier on a dual carriageway the repair bill is around £20,000 per meter damaged once everything is replaced. Hope this helps highlight why first time driving is so risky.
     
  11. Brainscan

    Brainscan Grease Monkey

    Messages:
    5
    From:
    United Kingdom Ipswich
    Car:
    MG ZR+
    Brake modifications do not make your car safer!!!! This is a false truth!! Insurers see bigger brakes as a gaurantee you're going to speed. They will not see this as improving safety in anyway and trying to get away with not telling them based on this will result in fraud. I've worked in insurance for years and any alteration from the standard is a modification and will invalidate any policy. Even if the mod is a standard part from a slightly better model, even trim detail is a mod and an insurer can refuse to pay based on this.
     
  12. Brainscan

    Brainscan Grease Monkey

    Messages:
    5
    From:
    United Kingdom Ipswich
    Car:
    MG ZR+
    You can report any company charging you extra for a non-fault claim as it is DISCRIMINATION. The magic word. It's the same as a company charging extra for a disabled person. Compensation me thinks or some free insurance. Oh and anything fitted by the factory has to have been done at purchase not afterwards, but a body kit fitted at purchase will be replaced like for like and is not a mod it is an option.
     
  13. Brainscan

    Brainscan Grease Monkey

    Messages:
    5
    From:
    United Kingdom Ipswich
    Car:
    MG ZR+
    Did you actually expect a company to just insure you without asking any details? You do realise they are potentially risking £20 million on you and your car. Plus if people who mod their cars we're safer, better drivers the stats would show this. I mean are you honestly saying the car park boy racers are really attentive sensible drivers? They account for most £1 million+ claims and multiple fatality RTA's.
     
  14. pgarner

    pgarner TC ModFather Moderator

    Messages:
    16,522
    From:
    Lockerbie, SW Scotland
    Car:
    Octy smoke machine
    Hey and welcome to the site mate

    This i know, my comment was aimed at the one above where if your making the car safer then you shouldn't have to pay.
    All my mods have been declared apart audio mods as theyve always been covered in the policy.

    wish id known this a few years ago. might have saved me a little
     
  15. obi_waynne

    obi_waynne Administrator Staff Member Moderator

    Messages:
    39,821
    From:
    Deal, Kent UK
    Car:
    A3 2.0 TDI
    Not criticising this point but just adding some extra info from a case study I had whilst working as a broker.

    We had a client who had 4 non fault claims in one year. The car was parked outside her house each time and someone drove into it. It was decided by the insurer that the location of her home and the fact she always parked on the end of the row was a high risk factor and one they wanted to load the premium for. We tried the discrimination route with them but the underwriters were undeterred at imposing terms.

    Also as a note to those not in the industry you only truly get a non fault claim if you/your insurers can recover their costs.

    Then to clarify the point about adding "dealer options" after purchase. Most insurers are happy for drivers to add dealer options to their car after purchase (wheels, radio, seats, ABS, HID lights and various internal trim levels etc...). The key here IMO is whether the car is modified from it's standard or usual specification. As long as your car could have come with those options from new you should be ok. IF IN DOUBT ALWAYS ASK THOUGH.
     
  16. gummy

    gummy Torque Master

    Messages:
    976
    From:
    england heathfield
    Car:
    skyline r34 gtt
    With the price of insurance it makes me wonder how many people tell insurers about mods done to there cars?.
     
  17. T9 man

    T9 man TC Pro Founder Moderator

    Messages:
    20,008
    From:
    London, UK
    Car:
    Saab 9-3SS T9
    Well ME for one! I have invested 10's of thousands in my baby to date and I fully intend to spend much more in the future. Every single thing is fully declared to Adrian Flux and is covered on a like for like basis.
    If God forbid some Neanderthal runs into the Beast and the police arrive at the scene in time to save the cretin, then I want everything put back onto the old girl in the fastest possible way and with zero fuss!

    For me, that is money well spent ;)
     
  18. Brainscan

    Brainscan Grease Monkey

    Messages:
    5
    From:
    United Kingdom Ipswich
    Car:
    MG ZR+
    If all the claims were outside her house then her policy will have been loaded due to the address not her claims. Having 4 claims against the post code means everyone in her street will have enjoyed this jump in premium. If the underwriter was loading her policy solely on the non fault claims and not the post code then they would be breaking the law. If she had taken this to the MIB they may have upheld her case. I've worked on a few where they have and massive payouts were made in compensation.
    Also I understand where you're coming from on optional extras but most insurers won't be happy even If they are options at time of first purchase. Buying a second hand base model and putting the smarter parts on isn't acceptable to insurers unless you declare it as modified, because that's what it is. Just because the car could have had those parts doesn't mean you can just stick them on for free. The different models have different insurance groups based on these parts and will affect the price. If you work in claims/assessing or adjusting you'd find that out pretty quickly. Hope this helps.
     
  19. RedlineX2

    RedlineX2 Tuner

    Messages:
    67
    From:
    Helsinki, Finland
    Car:
    none
    Are you guys serious with your premiums? 3.5K a year for a 206? I thought i was being had from behind here in Finland. I insured my first car (95 Firebird 3.4) with partial coverage (is that a term?) when i was 19 for 1.6k€. Usually everything car related has extra cost attached here but i guess we're getting a break in insurance huh. Not sure if they'd like to know about the headers & exhaust system, guess i'd better ask...
     
  20. T9 man

    T9 man TC Pro Founder Moderator

    Messages:
    20,008
    From:
    London, UK
    Car:
    Saab 9-3SS T9
    ^^ I know it's shocking what we have to suffer over here! :sad2:

    It's not called "Rip off Britain" for nothing.
     
  21. RedlineX2

    RedlineX2 Tuner

    Messages:
    67
    From:
    Helsinki, Finland
    Car:
    none
    At least you don't have the average car tax of 30-50% :( cheer up!
     
  22. MasterAuron

    MasterAuron Very Senior Member

    Messages:
    5,117
    From:
    379bhp 359lbft
    Car:
    Mk1 Focus RS
    Streetlight were excellent for me this year, insured with all mods declared AND covered (the important bit!). They understood everything and are much happier insuring a car with well rounded mods than something with 600hp but brakes from a 1.2 Punto.

    Whereas Elephant et al are a waste of time and money if you have a number of proper mods.
     
    obi_waynne likes this.
  23. RichiesTrucking

    RichiesTrucking Torque Junkie

    Messages:
    225
    From:
    Falkirk, Scotland
    Car:
    VR4 legnum
    i havent read through the whole thread but i will add to it anyway

    dont be scared to declare mods. i have been with sky insurance for a few years now and i have declared my mods but my premium has never gone up. strut braces, alloys etc made no difference to my premium but there were no power mods with the argueable exception of a K&N panel filter.
    then i got the VR4 with an extra 121BHP over the V6, same value (older car) and when it came to mods i handed the phone to the previous owner. dump valve, boost gauge, alloys, lowered, s/s exhaust, air flow controller, aftermarket cat 1 alarm and whatever else. i wanted to be honest even though i was bricking it. i paid cash for the car and had some money in my account for the insurance but didnt know how much it would cost me. they came back and asked me for £74.12, monthly payments remain the same! since then i have changed to EVO 8 brembos and EVO 6 alloys with no increase in my premium at all. mods do not necessarily put huge sums on your insurance but it will depend on the mods, costs and the driver
     
    skyinsurance and T9 man like this.
  24. MasterAuron

    MasterAuron Very Senior Member

    Messages:
    5,117
    From:
    379bhp 359lbft
    Car:
    Mk1 Focus RS
    I meant Greenlight btw not Streelight. Only just noticed and must have been autocorrected on my mobile o_O
     
  25. rohitkumar

    rohitkumar Wrench Pro

    Messages:
    35
    From:
    India
    Car:
    Maruti Wagon R
    Car insurance is use to provide financial protection against physical damage and bodily injury resulting from traffic collisions. There are certain general insurance companies who also offer online insurance service for the vehicle. The claims of the Auto Insurance in India can be accidental, theft claims or third party claims. Car Insurance provides accident cover for individual owners of the vehicle while driving and also for passengers and third party legal liability. If accidently car meets any accident then new car insurance company will help us to protect the losses that might occur during driving. One should also hire a car accident lawyer to represent you in the court of law for the best chances at getting the maximum financial compensation that you deserve.
     
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