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rip off insurance advice

Hi Guys hopefully someone in the insurance game can help me.
I am having a B12 suspension kit fitted to my car so I thought i would advise my insurance company, its only springs and dampers. They have said they do not except mods on insurance, when they shopped around they found a company that would insure the car for an extra £2000 WTF thats ridiculous, its not as if Im putting NOS in my car, if anything it will make it handle better which in turn makes it safer! Has anyone heard of this scam before?
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Originally Posted by andycGT View Post
Hi Guys hopefully someone in the insurance game can help me.
I am having a B12 suspension kit fitted to my car so I thought i would advise my insurance company, its only springs and dampers. They have said they do not except mods on insurance, when they shopped around they found a company that would insure the car for an extra £2000 WTF thats ridiculous, its not as if Im putting NOS in my car, if anything it will make it handle better which in turn makes it safer! Has anyone heard of this scam before?
Some might say that all (well most) insurance is a rip-off/scam

There will be a number of factors an insurance company will consider when providing insurance (though probably not limited to the following!):
Personal details (from where you live to if you smoke/are single/how old you are)
Car particulars (Model, Security, Cost/Availability of parts, Colour)
Extras (Anything non-standard and it's associated costs/perceived change to driving style)
Statistics (Based on the above information, how often are similar cars involved in accidents/claims?)

Of course, some insurance companies can't be bothered with "extras" (hassle or perceived liability of the relevant drivers) so either won't insure or charge some nominal extra (e.g. the £2k above) to force drivers to pay up or go elsewhere.

It would be interesting (maybe under the freedom of information act?!?) to see the statistics regarding accidents and maybe how modifications affect them... Despite that, there will always be a bit of a black-art involved with the numbers they come up with!
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Originally Posted by AmicusPro View Post
Some might say that all (well most) insurance is a rip-off/scam

There will be a number of factors an insurance company will consider when providing insurance (though probably not limited to the following!):
Personal details (from where you live to if you smoke/are single/how old you are)
Car particulars (Model, Security, Cost/Availability of parts, Colour)
Extras (Anything non-standard and it's associated costs/perceived change to driving style)
Statistics (Based on the above information, how often are similar cars involved in accidents/claims?)

Of course, some insurance companies can't be bothered with "extras" (hassle or perceived liability of the relevant drivers) so either won't insure or charge some nominal extra (e.g. the £2k above) to force drivers to pay up or go elsewhere.

It would be interesting (maybe under the freedom of information act?!?) to see the statistics regarding accidents and maybe how modifications affect them... Despite that, there will always be a bit of a black-art involved with the numbers they come up with!
Totally agree, I even mentioned I was changing the colour but they were fine with that. We will never see them stats I dont think, its like how many accidents really involve mobile phone use? Im sure someone will correct me, any how its all a load of B*****KS
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I expect the train of thought goes something like this:
Upgrading suspension ==> customer will drive faster ==> more likely to have an accident at a higher speed ==> higher repair cost and/or more likely to cause injury.

I'll bet more accidents are as a result of a car not being properly maintained than by ones which have been modified. Anyone know how you can do a FOI request?
 
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Originally Posted by CobolMan View Post
I expect the train of thought goes something like this:
Upgrading suspension ==> customer will drive faster ==> more likely to have an accident at a higher speed ==> higher repair cost and/or more likely to cause injury.

I'll bet more accidents are as a result of a car not being properly maintained than by ones which have been modified. Anyone know how you can do a FOI request?
Exactly, that's how stupid these ****** head insurers are, most cars within 0-15 years have safety features, better brakes ect. If an old man with a cortina and drives like miss daisy and causes people to have road rage and then probably have an accident get much cheaper insurance. People with quick/ sports cars are going to drive quick regardless of suspension upgrades! Bigger engines, turbo boosts or NOS then yeah maybe so. That's like saying if I fit better brake pads then my insurance will go up because I might brake slightly later!! This thread I have created has now turned into a rant
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Some insurers only deal with standard UK cars. I am not meaning to be at all rude but if you were planning modifications then you could have checked this before you took the policy.

Try a modification friendly (specialist) insurer, you'll find the club insurers are modification friendly.

http://www.skyinsurance.co.uk/car-club-insurance.html

Last edited by skyinsurance; 02-07-12 at 12:49.
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Some insurers only deal with standard UK cars. I am not meaning to be at all rude but if you were planning modifications then you could have checked this before you took the policy.

Try a modification friendly (specialist) insurer, you'll find the club insurers are modification friendly.

http://www.skyinsurance.co.uk/car-club-insurance.html
When I took out the policy I had no intentions to modify as I had to get used the cars handling which in my mind needed improving a year on
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Quote:
Originally Posted by CobolMan View Post
I expect the train of thought goes something like this:
Upgrading suspension ==> customer will drive faster ==> more likely to have an accident at a higher speed ==> higher repair cost and/or more likely to cause injury.

I'll bet more accidents are as a result of a car not being properly maintained than by ones which have been modified. Anyone know how you can do a FOI request?
More like

Upgrading suspension ==> must ave loads of cash ==> ill ave some of that thank you :evilgrin:
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Originally Posted by GhostyDog View Post
More like

Upgrading suspension ==> must ave loads of cash ==> ill ave some of that thank you :evilgrin:
That's more like it
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From an insurers point of view it's not really about the type of modifications you are making, it's more the fact that you are making them.

By having a modified car (in any way, shape or form), statistically it is a 'statement of intent'. By doing something which improves the performance of the car, you are automatically put into a category of driver more likely to use that performance on the road, and ergo more likely to have a crash. Whether you think it's true or not, insurers process enough stats that they know it to be true. Thank the 17 year old chavs in epic MAXXXXXXXED corsa's for it if you like, but will always be the case.

Best bet would be to go to a modified friendly broker (greenlight are good) and see what they can do, just make sure they look at whole of market and aren't affiliated with anyone. Then cancel your existing premium.

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Originally Posted by kiscix View Post
From an insurers point of view it's not really about the type of modifications you are making, it's more the fact that you are making them.

By having a modified car (in any way, shape or form), statistically it is a 'statement of intent'. By doing something which improves the performance of the car, you are automatically put into a category of driver more likely to use that performance on the road, and ergo more likely to have a crash. Whether you think it's true or not, insurers process enough stats that they know it to be true. Thank the 17 year old chavs in epic MAXXXXXXXED corsa's for it if you like, but will always be the case.

Best bet would be to go to a modified friendly broker (greenlight are good) and see what they can do, just make sure they look at whole of market and aren't affiliated with anyone. Then cancel your existing premium.
Don't agree with your points but my views have always been anti this anti that but thanks for the alternative insurance advice, I will contact them,
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