Modified Car Insurance

In life, there are few things that you can truly modify to make your own, luckily one of those few things is your car. Whether you call it a hot rod or just a modified car, the end result is the same, a purely customized vehicle fit to meet your unique needs and desires.

People have been modifying cars nearly since they were invented and the trend has not slowed down. Depending on the make and model of the vehicle, many of these modified cars are worth more than their fully stock counterparts. You likely already knew that, but what you may not currently know is that there is specific insurance coverage designed to meet the needs of modified car owners. Modified car insurance is a specialty insurance product that we offer through our agency to serve our car collector clients that own modified vehicles and hot rods. Let’s take a look at some of the benefits you could enjoy with your very own modified car insurance policy.

The Benefits of Modified Car Insurance

When it comes to insuring your modified car, you need to take into account the many benefits that a specialty modified car insurance policy offers you. While there are nearly too many to list here today, there are a select few that we have to tell you about. They are some of the top reasons to seek out a modified car insurance policy in the first place. Let’s take a look at those specific benefits in more detail.

  • Agreed Value: Of all the coverage benefits this is close to the top, if not the most important aspect of a modified car insurance policy. You know that thousands of dollars were spent modifying your vehicle, whether you spent that amount personally or the prior owner did so before you purchased the car. One thing you might not be aware of is the term agreed value. Agreed value means exactly what it says, it is an agreed upon value of your vehicle between yourself and the insurance carrier. This agreed upon amount would be paid out to you in the event of a total loss of the vehicle. This is extremely important for anyone that is insuring a modified vehicle, because a standard insurance policy would likely cover your car under what’s known as an Actual Cash Value basis where depreciation and other factors would be used in assessing the car’s value at the time of the loss. If you have spent thousands of dollars on modifications, you need to make sure that the agreed value of the vehicle on the insurance policy reflects that amount, otherwise you could be in the negative if you were to total your vehicle. Be sure to incorporate an agreed value into your modified car insurance policy, or better yet, work with an insurance agency that specializes in offering modified car insurance to hot rod owners.
  • Claims Options: Whether or not you made the modifications to the car yourself, you know that a lot of tender love and care was put into your vehicle.  So, if and when the time comes for you to have some work done to your vehicle, you want the best mechanic and/or body shop working on that car. You want to have options when it comes to fixing your car in the event of a claim. If you restored the car yourself, you likely want to the option to fix the car yourself as well. Luckily for you, we work with insurance carriers that offer specialty modified car insurance policies that allow you to do just that. In fact, they will pay you a mechanics wage to fix your own car in the event of a claim! This should be wonderful news for any car enthusiast that shudders at the idea of another person laying a hand on their car.
  • Year Round Coverage: Whether you live on the coast or in the middle of the country, you have certainly experienced some peculiar weather over the past few years. One of the benefits to many folks of these strange weather patterns has been an extended driving season. When you see the sun shining, you shouldn’t need to worry about whether or not you phoned your insurance carrier or agent to put on insurance coverage for the day. You should enjoy the peace of mind that comes with a specialty modified car insurance policy that covers you for the entire year, no questions asked. Don’t let your insurance policy stop you from taking out that beauty of yours on a nice sunny day, rather work with an insurance agency that can offer you specialty coverage all year long.

Why You Need Modified Car Insurance

Not only do you need modified car insurance if you own a hot rod or modified vehicle, after reading through a few of the top benefits a modified car insurance policy can offer you, we’re sure you want a policy as well! Now it really comes down to answering some questions about your unique car so we can get to know the different aspects of it and ultimately offer you the best possible coverage for the best possible price. When it comes to insuring your modified vehicle, there is no better way to do so than with a specialty insurance policy that is custom tailored to meet the needs of your modified car.

Get a Modified Car Insurance Quote Today!