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Author Topic: price on declaring mods  (Read 4442 times)

Offline daz veedub

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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
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Offline dom

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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!
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Offline trog_nfs

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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.
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Offline daz veedub

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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:
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Offline Ferdinor

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Re: price on declaring mods
« Reply #4 on: 15 May 2011, 22:07 »
Do you get charged for having coilovers?
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Offline GrandMstRamRod

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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!
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Offline Renton1810

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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!
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Offline trog_nfs

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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
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Offline Renton1810

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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!!!
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Offline luke

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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:
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