GolfGTIforum.co.uk

General => Insurance => Topic started by: daz veedub on 13 May 2011, 14:05

Title: price on declaring mods
Post by: daz veedub on 13 May 2011, 14:05
right phoned my insurance company as ive got to where i want so far on mods didnt want to declare 1 thing at a time so waited till all done......

had to make a 1 off payment of £145 and so much pence

although my monthly price stayed the same did any1 else have a price like that to pay

declared that its lowered on coilovers, alloy wheels, exhaust system, induction kit and told them about roof been vinyled black
Title: Re: price on declaring mods
Post by: dom on 13 May 2011, 17:13
right phoned my insurance company as ive got to where i want so far on mods didnt want to declare 1 thing at a time so waited till all done......

had to make a 1 off payment of £145 and so much pence

although my monthly price stayed the same did any1 else have a price like that to pay

declared that its lowered on coilovers, alloy wheels, exhaust system, induction kit and told them about roof been vinyled black


 :shocked:

When I declared my wheels, suspension and air filter in one go all I got charged was a £20 admin fee and an additional £4.54 to my premium making it £24.54! When I declared my exhaust it was when my policy was up for renewal anyway so I avoided the admin fee and paid about £10!
Title: Re: price on declaring mods
Post by: trog_nfs on 13 May 2011, 18:23
Some insurance companies class induction kits and exhausts as performance mods, and thus charge for them, whereas cosmetic mods are free.
Title: Re: price on declaring mods
Post by: daz veedub on 13 May 2011, 20:00
they did ask me what added bhp i got from mods said errr bout 2 or 3  :lipsrsealed: :laugh:
Title: Re: price on declaring mods
Post by: Ferdinor on 15 May 2011, 22:07
Do you get charged for having coilovers?
Title: Re: price on declaring mods
Post by: GrandMstRamRod on 15 May 2011, 22:31
with my insurance company, any mods that do not effect the bhp of the car are free, including air filter and exhaust! but any engine mods they will charge for!
Title: Re: price on declaring mods
Post by: Renton1810 on 16 May 2011, 21:37
I wasn't sure whether to declare a remap from 150 to 180bhp. So I got quotes for with and without, and somehow a specialist insurer beat the best quote I got off confused for a standard version by £100. Glad I did now!
Title: Re: price on declaring mods
Post by: trog_nfs on 16 May 2011, 22:27
I wasn't sure whether to declare a remap from 150 to 180bhp. So I got quotes for with and without, and somehow a specialist insurer beat the best quote I got off confused for a standard version by £100. Glad I did now!

Specialist modified insurers can get better quotes for modded cars. And ALWAYS declare mods, as otherwise you have effectively no insurance
Title: Re: price on declaring mods
Post by: Renton1810 on 16 May 2011, 23:12
Specialist modified insurers can get better quotes for modded cars. And ALWAYS declare mods, as otherwise you have effectively no insurance

Yeah I agree really, but i definitely wanted the comparison of a std spec premium. I might even have considered reversing the mod if the difference was too big.

Some quotes were ridiculous. One of £8k! and one that made me double take- and must've been an error - of £29k!!!
Title: Re: price on declaring mods
Post by: luke on 19 May 2011, 02:03
on my old saxo vtr i was paying 1450, quote for lowered 40mm, exhaust and induction kit, they said 5000, so kept it standard  :smiley:
Title: Re: price on declaring mods
Post by: daz veedub on 19 May 2011, 13:15
am paying £147 a month on my 1.8t with mods declared which cost me for declaring them

bare in mind thats with 9points declared fully comp for me and my missis
Title: Re: price on declaring mods
Post by: boneybradley on 19 May 2011, 14:37
I seem to get better prices declaring mods.......over a std motor!!

HIC have schemes which are solely aimed at modified motors (as I found out recently when I got my std new car!!)
Title: Re: price on declaring mods
Post by: tony_ack on 20 May 2011, 00:25
Declared the Schrick on the Corrado.... £10 extra for the year.

2 months later...

Declared the wheels (BBS RCs) and lowering (-30mm)... £120 extra for the year!

Seems that they would rather have extra BHP than safer handling!