Frugalnomics

If you have got a motor vehicle modified, then it will not be easy to find the right insurance plan for your “new” vehicle. This is primarily because there are not a lot many insurance companies who can gauge the actual value of the car after it is modified. Therefore, modified car insurance plans are not available with all of them. Before we take up the modified car insurance plan, let us understand more about modified cars. There are two types of modified cars; the first type is the “show cars” and the second is the “street racer”.

The show cars are modified not for the performance but more for their looks and hence their insurance is relatively easy because they are not meant to be driven around much. These are designer cars that have been created as prototype experiments but are not produced commercially or meant to be run under ordinary circumstances. On the other hand, the street cars are modified version of ordinary commercial cars and they are converted into machines which look as stupendous as their performance is. These cars have the chassis modified using body kits, colours and vinyl’s. Their engine performance is enhanced by modifying the engines and adding thrusters. These cars are made to perform.

The reason why a modified car insurance plan is not available is because there is no way to ascertain how many changes have been made in the vehicle’s engine. The motor insurance companies grade vehicles according to their performance and they have a table where all the cars are listed, ranked in order of their performance. The better the performance, the higher the car is in the list and the higher is the insurance premium amount. But the modified street cars are not modified as per the industry norms or standards and this is why it becomes difficult to assess how their performance is. This in turn makes it difficult to calculate car insurance premium. The street cars also have a greater threat of being stolen because of their better looks and therefore the modified car insurance premium is calculated higher. You can review the Saga car insurance policy, lots of features and discounted deals.