Modifications Made To Your Car That May Increase Your Car Insurance Price

Modifications Made To Your Car That May Increase Your Car Insurance Price

It has been observed that once someone purchases an automobile they are interested in, they decide to customise it as much as they can to make it unique. Since a long time ago, car modification has been a very popular trend. It may be a little change, like the colour of the car, or a significant one, like installing a potent engine. Both of these changes, despite being on a different scale, have an impact on the cost of your car insurance online. The insurance industry operates under the straightforward tenet that the kind of vehicle you possess directly affects the premium you pay. It is known that a BMW will carry a larger premium than a Maruti 800. Simply said, most costly cars are more expensive to maintain.

Let’s now examine the relationship between modification and auto insurance in more depth. 

How are cars modified? 

Any changes you make to your car that affect its performance or appearance are considered modifications. Sometimes, these modifications only improve your driving experience without adding any worth to your car. A car’s cost is also increased by modifications. Usually, this is due to the pricey and highly specialised repair requirements of the parts used in modified autos. 

How does customised vehicle insurance operate? 

Make sure the premium amount includes insurance for the modified elements of your car if you’ve had a couple of them changed. For instance, the owners of two recently produced vehicles pay the same cost for insurance. However, if one of them chooses to change their vehicle, his premium will be raised. Modification is regarded by insurance providers as a higher risk. This is due to the car’s increased risk of theft and coverage for accidents. Make sure you thoroughly compare car insurance online with other policies before choosing one. 

Three changes that can raise the cost of your auto insurance are listed below: 

  • Engine and mechanical modifications – Any engine modifications will have a significant effect on the cost of insurance. These alterations are typically done to improve the engine’s performance. Superchargers and air filters are installed in order to boost the engine’s fuel intake and improve performance. However, compared to an air filter, a supercharger can raise insurance costs by as much as 132%. 


  • Modifications to the suspension and brakes – The brakes on the car are where the control is. A comfortable braking system improves the driving pleasure. Although upgrading brakes is expensive, it also improves the car’s power and acceleration. These adjustments are necessary to prevent wear and tear or if you hear any unsettling noises. Upgraded brakes present an opportunity for drivers to exceed the posted speed limit, so insurers may raise the insurance deductible. 


  • Modifications to the inside and wheels of vehicles – While changing your car’s wheels would improve its appearance, changing the inside will give the owner a comfortable or opulent atmosphere. Interiors will cost much more if the chairs, sound system, and air conditioner are changed. As a result of these changes, insurers may raise the premium. 

Minor or significant modifications to the vehicle must be disclosed to the insurer in advance so that you receive the car insurance benefits. This is crucial since it helps in the event that you need to submit a claim and you need to insure your alterations.

Recognize the language used in your bajaj allianz car insurance revisions. Avoid inexpensive auto insurance when you purchase it online because they provide minimal long-term benefits. When it comes to renewing your coverage, don’t put it off until the last minute. Each insurance provider has a unique perspective on the changes you make to your car.

* Standard T&C Apply

** Currently, there are 2 tax regimes in India – new and old. To get the tax benefit you desire, choose the correct one after consulting an expert. You can opt for a regime change during the next financial year.

# Visit the official website of IRDAI for further details.

## All savings are provided by the insurer as per the IRDAI-approved insurance plan. Standard T&C apply

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Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.


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