Modified car insurance tends to cost more than standard polices for two reasons. Firstly modified cars are likely to be more valuable than their ‘factory setting’ counterparts. Secondly performance modifications suggest faster, more difficult to handle cars, which are inevitably more risky to drive and more likely to be involved in accidents. Often the factors, value and performance, are combined meaning even higher costs. Finally modified cars are often more expensive to repair – parts and labour often attracting a premium!
What are modifications?