When you purchase a new car, you already know that one of the first things you need to do is get insurance for it. While insurance is in place to protect you and other drivers on the road, it’s worth noting that being covered in the law. When it comes to insuring modified cars, things start to get a little trickier, and you really need to deal with an insurance company that has experience in dealing with these unique types of vehicles. Going to the wrong company could mean leaving yourself exposed to financial losses if something does happen to your modified car.
Once you have found an insurer that has a history of insuring modified vehicles, the first thing you should do is ask for a quote. The reason why you need to go with an experienced insurer is because valuing your modified car is always tricky. With modern vehicles, it’s easy to get a value based on similar cars on the market, but things are tougher when you are dealing with a car that might well be one of a kind. Insurance companies who regularly make these valuations have a number of tricks up their sleeve that will ensure that you get a fair valuation, and an even fairer quote.
One thing that you may notice is different with modified car insurance is that there may well be restrictions in place that are not there with your everyday ride. For example, you may be limited to how many miles you can actually drive the vehicle over a specific period of time. This is not likely to be a vehicle that you are going to be driving across Australia in anyways, so this may not be too tough a restriction to bear. It may also be required that the vehicle be stored in a garage, or at the very least be covered when not in use. Again, this is something that you would want to do anyway in order to protect your investment.
The good news here is that you can often get a deal on the quote if you are insuring more than one modified car. After all, the people who purchase these types of vehicles are often collectors, and are more than likely to have several unique vehicles at home. Getting an insurance company that delivers single and multiple car coverage is important, even if you only have one modified car right now. That collection may well grow in the future, and you will want an insurance company that can grow with you.
Car enthusiasts look for the highest level of security possible when they store their cars, so it stands to reason that they would want the same thing from their insurance company. Be sure to shop around before buying that insurance, as you will want to have total peace of mind that your modified cars will be covered if anything should ever happen to them.