Auto Insurance Rates: How Custom Vehicle Parts Affect Your Premium

By Author: Elle Perkins
Total Articles: 36
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When you choose to own vehicles that require custom parts to repair, you have to be prepared to pay a much higher auto insurance premium. Insurance companies consider various relevant factors to determine every consumer level of risk to accident which includes the vehicle actual cash value and the cost to repair.

Auto insurance companies are sensitive to the fact that expensive vehicles are also expensive to replace if total loss occurs. A vehicle with a big tag price may lead you to a different kind of shock when you ask a particular insurance provider to arrange coverage for you. To avoid it, contact your insurance company to get absolute information with regards to the cost of the vehicle to insure before purchasing it. Same thing applies to vehicles that need custom parts. When you add anything to the vehicle's repair cost, the rates of your premium also becomes higher.

In some cases, when you buy comprehensive and collision policy, coverage for custom parts is already included. However there are certain limitations apply to this coverage. Custom parts and equipments or CPE covers devices, accessories, ...
... equipment and others that are not permanently attached to the vehicle. This includes but not limited to special roofs and deluxe roof treatment, paint work and deluxe exterior, chrome and reverse chrome, alloy or magnesium wheels, special tires, engine accessories, camper tops, anti theft devices, racing seats, alcohol detection and others.

Here is one good example on how custom parts coverage can be beneficial and save you money when vehicle damaged happens. Let say you had custom paint job to your vehicle and installed special tires and aluminum wheels. The whole service cost 5,000 dollars. Since you have comprehensive and collision coverage, and the whole service exceeds 1,000 dollars. You still have to purchase additional 4,000 dollars for custom parts coverage to make sure that these parts are covered when damaged occurs in an accident. Furthermore, insurance experts recommend taking photos of the custom parts and equipment being installed to your vehicle and keep all the receipts when you had these custom services.

As far as insurance providers are concern, any possible way that these companies shell out more money in claims, they increase the level of risk of every consumer. If you want to keep your rates down, choose a vehicle that is less expensive to insure. It is recommended to find a vehicle that can be repaired with standard auto parts. Whether you are making claims or not, these vehicles can be less expensive with regards to auto insurance.

Even you owned expensive or custom parts vehicle, it does make sense to shop around and compare auto insurance rates. There are various websites that provide multiple auto insurance quotes in one submission. Just simply fill in the necessary information accurately to get these quotes. Rates can be varied from one insurance company to another. Therefore, you have to make sure you compare at least five auto insurance quotes from different insurance companies to get an absolute decision.
Find the best and ideal cheap auto insurance quote for your cars today! Visit our website now to get the best car insurance rates and save more money and time on affordable auto insurance!