There are people that extremely enjoy modifying their most prized possession, their car. Quite a bit of cash and time have been spent on this hobby but it is not very common for most drivers. Modified vehicles require additional security to shelter them if they are involved in an accident or the target of vandalism.

Higher premiums will be paid by people that opt for modifying their auto. Great effort is often behind even finding an insurance company to cover modified and performance vehicles. Most insurance companies are willing to cover external alterations to the car but you will shell out funds for a higher premium.

The problem lies mainly with engine modification. Particularly powerful engines and engine modifications in vehicles typically results in insurance companies showing no interest in offering coverage. Changing the in-car entertainment system and adding merely exterior items to a car doesn't truly have an effect on regular insurance coverage.

Minor changes to a vehicle usually don't affect insurance plans. Many mainstream insurers will not insure a car with engine modifications or a high-powered car with a young driver.

Insurance for a modified street car used to be very hard to come by, but things have changed a bit. Determining the insurance premiums for these types of vehicles is one factor that hasn't changed.

Calculating the amount of risk involved with the driver is decided upon by using gender, age, income, etc. Modified street cars fall into one of two categories, show cars and street race cars, according to insurance agencies.

Show cars are likely to do extremely low mileage, usually in warm sunny weather, and are usually drives very carefully. More protection is usually provided by the owner of a show car which lessens the risk for the insurance company. This is all excellent information for your insurance agent.

Street racers, on the other hand, involve levels of high risk regarding where, how, by whom, and when they are driven. As a result, the insurance companies have to charge a large enough premium to cover any possible claim.