Naturally modifications involving the engine and the horse power of the car will only escalate an insurance premium as brokers are fully aware of the heightened risk of claiming for an accident with a speed machine.
Nevertheless, if you have made amendments to your vehicle that have improved security and the safety of your car such as an anti-braking system or alarm system then your premium will more than likely drop significantly. It is very much in your hands as to the effect that your modifications will have on your car insurance quote.
You must also be careful of which category that your modified vehicle falls into. There are two groups, the Show cars and the Street race cars, with the former boasting less mileage and subsequently a reduced risk on the highways to the insurer.
Naturally if your vehicle is in the Street race car category you will find some insurers very reluctant to grant an insurance policy and those that do charge extortionate rates. One of the most significant ways of keeping the cost of Street race car insurance down is by having a clean and respectable driving licence. Your financial and health records may also be taken into account when finalising a policy, so although driving a modified car may be exciting, you must be prepared for the documentation and information that is required to secure a modified car insurance policy.
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