You are here: Home - Insurance - News -

‘Pimping up’ your car could set you back nearly £900 a year

Written by:
Modifying your car could see your insurance premiums rocket as much as 50% for simply adding a car phone.

‘Pimping up’ your car could see your insurance premiums rocket as much as 50% for simply adding a car phone.

According to, a 30 year old male adding alloy wheels to his Ford Fiesta could expect to see a 30% increase in his premium.

Similarly, if a car phone was added, the cost would increase by 50%, and if it was “pimped up” with a complete body kit, the same male motorist could expect to see a 66% increase, with annual premiums as high as £900 on average.

Pete Harrison, car insurance expert at MoneySupermarket, said: “Motorists need to be aware that even the smallest of modifications can impact the price of car insurance.

It pays to contact your insurer before you go ahead and make any modifications, as you will need to decide whether the extra cost to cover the changes is worth paying.

According to the data, the most popular modifications motorists make to their cars is to add alloy wheels to their vehicles, making up 43% of all modifications. 11% opt for tinted windows and 9% choose to widen the wheels or trims of their cars.

Harrison added: “Some insurers won’t offer insurance to cars that have already been modified, so it’s crucial to check with your provider first.

“More importantly, drivers need to realise that not informing an insurer of modifications made to a vehicle can invalidate a policy – a mistake motorists can’t afford to make.”

MoneySupermarket say that it is a myth that modifications are only made by ‘boy-racers’, as more practical reasons are also considerations for a modification.

Out of the modifications made, over 65s were most likely to add a tow bar to their vehicle, closely followed by one in five modifying their car with parking sensors.

Parking sensors were the most popular choice with female drivers, compared to only eight per cent of men making this alteration to their cars.

Pete Harrison continued: “Modifications don’t have to break the bank where insurance premiums are concerned, and those looking to streamline or tweak their cars should scour the market to ensure they are not paying over the odds.”

Tag Box




Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

The essential Your Money guide to the April 2018 tax changes

As we head into the 2018/19 tax year, a number of key changes take place to existing policies while some new i...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co... Awards 2018

Now in their 21st year, our awards recognise the companies offering the best products and services to consumers

Money Tips of the Week

Read previous post:
Advertisement:Simplify your savings

Governor Money offers a single account for all of your savings and ISAs