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Custom Cars and Insurance Rates

If you own a custom car and are thinking about how much you're going to have to pay for coverage, you need to be aware of how insurance companies often view these kinds of vehicles. In most cases custom cars will cost more to insure because they are worth quite a bit. Every time you add a custom part to your vehicle, you are going to be spending money. As such, you're going to be raising the amount that you put into your car, and you will need to get higher insurance rates to cover it.

It's not true that all custom cars are going to fetch really high premiums. It really is going to depend on what the car is used for. If your custom car is mainly a show car and is not driven all that often, then you won't have to worry as much about really high premiums. If, however, your custom car is a street race car, that is a whole different story. Companies are more likely to charge drivers of such vehicles higher rates. It all really comes down to risk and how much your car poses.

Why Insurance Companies Charge More

If you have a custom car, then you might be forced to pay higher insurance rates than other drivers. The reason for this has everything to do with the amount of risk that you pose to the insurance company. For starters, custom cars are often really nice and eye-catching and provide a chance for teaching driving tips for new moms. As such, they may be a lot more attractive to thieves than other types of vehicles. If there is an increased risk of your car being stolen, then your insurance provider is going to consider you a bigger risk as a driver. As such, they will charge higher rates.

Also, a lot of custom cars are modified to go really fast. This is especially the case when you are dealing with street race cars. If you have one of these vehicles, then your insurance company is going to be wary of giving you a really low rate. If you have a car that can reach increased speeds and you like to show it off, there is more of a risk that you will be involved in a car accident. At least that is how your insurance provider is likely to see things.

Now, some custom cars will not pose these kinds of risks. If, for example, you have a show car that is not driven around much, you may be able to save some money on your premiums. If you do not use these cars much and they are kept secure when you are not showing them, then you will have a real case to make to potential insurance providers. By not driving them much and keeping them locked up safe, you have a good chance of not getting into accidents or having your vehicle stolen.

Consider Specialized Insurers

There are some insurance providers out there who specialize in coverage for custom vehicles. As such, you need to look into this if you are looking for coverage for a custom car. These providers are skilled at working for closely with owners of custom cars, and they may be able to provide you with some really great deals. Don't feel like you have to go with one of these companies if the price is not right. What you should do above all else is make sure that you compare several different policies, so that you can get the best quote out there on custom cars and insurance rates.


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