Many young drivers in today’s world modify their cars, this could be by simply adding a nice new set of alloy wheels on or going to extreme lengths making everything customised and unique. All insurance brokers ask if your vehicle has been modified from its manufactured state, it’s really tempting to say no to this question, even if you have because you know that this will increase your yearly premium so why would you want to voluntary tell them to charge you more? Then answer is simple, honesty is best and will always be more beneficial in the long run. In the event of an accident regardless who’s at fault many insurance brokers want to see the extent of the damage to assess the cost of repair. Many do this to simply try to catch people out because if they find out that you have stated incorrect details then they don’t have to pay a single penny out. If in doubt you are always best to give them a quick ring and see if this alters your policy.

This also can alter the amount that you receive if your vehicle has been written off or stolen, if your insurance company decides to pay out for the total value of the car then they will base it on similar models on the market today. That means that the money you have spent on it since purchasing the car will of gone to waste, if you have declared that you have spent X amount on a new body kit or wheels then they will take that into consideration. You can also get an “agreed value” with some insurance companies so you if you can prove that your vehicle is above average, based on condition and mileage then you could claim more back in the event of a loss.