Tricking out your car can increase your auto insurance rates.
For some car owners, updating and revamping their set of wheels is a priority. Modifying your vehicle is an excellent way to show off your personality and even improve the performance of your car.
If your newly modified vehicle is looking (and sounding) pretty sweet, you’ll need to make sure that it’s insured currently. Even though you have the coolest car around, you could face an increase in auto insurance rates.
Vehicle modifications or customizations that are not installed at the factory, as well as aftermarket parts, are typically excluded from standard auto insurance policies. Before you tear into your car to replace parts, always talk to your insurer.
Auto insurance is based on risk, and car modifications increase the following risks:
- Accidents – Those with a modified car are often considered riskier on the roads. As a result, your premium could increase along with your vehicle’s upgrades.
- Theft – Custom stereos, speakers, and alloy wheels are highly desirable, meaning that the chance of your car getting stolen increases. If you adore the custom grill on your vehicle, the chances, are others will do, too.
A standard policy may not cover your new vehicle, but there are a couple of options to get the right level of protection for your cool car. If you’ve modified your car to the point that it’s extremely valuable, you can consider insuring it through collector car insurance. After all, if you’ve sunk thousands of dollars into making your vehicle sing on the road, why not take proper care of it?
Contact Nahai Insurance Services to talk with an insurance expert who can assess your auto insurance coverage and advise you on different ways to maximize your car’s protection while you minimize your expense. Call us today!