Why does it cost more to insure a modified car?
If you’re increasing the value of your car by modifying it, then the insurance claims you make could be higher as it’s often more expensive to repair or replace parts.
There’s also the potential increased risk of making a claim. You may have made your car faster and, therefore, could be more likely to be involved in a speed-related accident.
Your car may also be at greater risk of theft, particularly if you’ve had expensive tech installed, or you’ve modified its performance.
Insurers could also assume that any additional work that’s been done to the mechanics or structure of the car that changes it from the manufacturer’s standard settings cannot be guaranteed and may affect the car’s integrity.
Finally, if you are a young driver and modify your car in any way, it’s highly likely that your premiums will increase dramatically. Statistically, this is because young drivers are more likely to claim on their car insurance.