« previous next »
Pages: [1] 2

Author Topic: price on declaring mods  (Read 4444 times)

Offline daz veedub

  • Forum addict
  • *
  • Posts: 5,534
  • Operation 1.8t bolf
price on declaring mods
« 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
Logged

Offline dom

  • 10k hero
  • *
  • Posts: 10,084
  • Back in a Mk4
Re: price on declaring mods
« Reply #1 on: 13 May 2011, 17:13 »
Quote from: 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


 :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!
Logged

Offline trog_nfs

  • I live here
  • *****
  • Posts: 975
Re: price on declaring mods
« Reply #2 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.
Logged

Offline daz veedub

  • Forum addict
  • *
  • Posts: 5,534
  • Operation 1.8t bolf
Re: price on declaring mods
« Reply #3 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:
Logged

Offline Ferdinor

  • GTI forum regular
  • ***
  • Posts: 223
Re: price on declaring mods
« Reply #4 on: 15 May 2011, 22:07 »
Do you get charged for having coilovers?
Logged

Offline GrandMstRamRod

  • I live here
  • *****
  • Posts: 882
Re: price on declaring mods
« Reply #5 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!
Logged

Offline Renton1810

  • Just got here
  • *
  • Posts: 2
Re: price on declaring mods
« Reply #6 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!
Logged

Offline trog_nfs

  • I live here
  • *****
  • Posts: 975
Re: price on declaring mods
« Reply #7 on: 16 May 2011, 22:27 »
Quote from: 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!
Quote from: Renton1810 on 16 May 2011, 21:37

Specialist modified insurers can get better quotes for modded cars. And ALWAYS declare mods, as otherwise you have effectively no insurance
Logged

Offline Renton1810

  • Just got here
  • *
  • Posts: 2
Re: price on declaring mods
« Reply #8 on: 16 May 2011, 23:12 »
Quote from: trog_nfs on 16 May 2011, 22:27
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!!!
Logged

Offline luke

  • I live here
  • *****
  • Posts: 1,210
  • When in doubt, whip it out!
Re: price on declaring mods
« Reply #9 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:
Logged
1985 mk2 gti type 19 8v
2018 t roc sel 1.6tdi
Pages: [1] 2
« previous next »