Quantcast
Is your car your pride and joy, or are you ready for a change? Let us know and you could win a £300 John Lewis voucher | No thanks

Drivers urged to think carefully about modifications

Thu, 05 Feb 2009
Motorists planning to carry out modifications to their vehicle may want to think twice following a warning from the Association of British Insurers (ABI).

The group explained making changes to a motor can result in more expensive car insurance premiums.

It stated providers need to consider whether the modifications made are likely to make the vehicle a more attractive prospect for thieves, a greater accident risk or more expensive to repair.

The organisation went on to say it was vital car owners inform insurance providers of any work carried out, as failing to do this can invalidate cover.

Before getting the toolkit out, drivers were also urged to carefully consider whether or not they have the necessary expertise to complete modifications.

ABI spokesman Malcolm Tarling said: "While I am not an expert on car mechanics, people should not attempt any modifications unless they know what they are doing."

Meanwhile, although some changes can make car insurance more expensive, adding extra security could cut the cost of premiums.

If you want to know how to find the best deal for your car insurance, finance or warranty visit our car insurance calculator.
ADNFCR-1081-ID-19011145-ADNFCR

Comments

Add a comment

 

Ask Honest John

Value my car

Amount to borrow
Sorry. The minimum loan amount is £1000
To pay back over

My credit score

Best available rate 9.20%

Total repayment £9,304.93

Total cost of credit £1,804.93

£155.08

60 monthly payments

Apply now

Representative example

The Representative APR is 13.2% (fixed) so if you borrow £7,500 over 4 years at a rate of 13.2% p.a (fixed) you will repay £199.21 per month and repay £9562.20 in total.