If you are looking for ways to make savings on the cost of your motor insurance, modifications (or “mods”) can be a great place to start.
Adding these extras to your vehicle can result in your car insurance premium increasing by hundreds of pounds.
While many motoring enthusiasts are willing to accept this added expense in order to indulge their passion it is always worth considering whether or not it is really necessary for you.
Many of the car insurance comparison sites now factor modifications into their quoting process. So if you are considering adding mods to your car why not play about with a few comparisons and see the difference they can make to your quote.
You may find that adding mods will make your car insurance unaffordable or that removing them could result in a nice saving. Either way it only costs ten minutes of your time to find out.
Finally don’t forget to keep your insurance provider informed. If you remove modifications let them know as it could lower your premium. Most importantly, if you add mods after taking out a policy tell your insurer immediately. Failure to do so could result in your policy being invalid in the event of making a claim.
So, rethink those mods and see what savings you could make!
Thursday, 28 August 2008
Lose The Mods For Cheaper Car Insurance
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3 comments:
Me being a custom car freak! i would not take off my mods to save a little on insurance, but now many places offer SPECIAL or EXTRA insurance...for the mods you have at a discounted rate..
As car insurance quotes premiums fall it is becoming more and more difficult for General Insurance Brokers to turn a profit. Compounding this is the fact that, with the introduction of full-cycle EDI, Brokers are now finding themselves doing even more work to process the business resulting in increased costs. PIBA Sure is the first step towards providing PIBA Members with a solution to the problem of decreasing profits on private motor insurance.
This is really good. I am interested to know more about car insurance and all that stuff.
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