Many insurance companies provide extra coverage for parts and equipment in customs to cover modifications if the car is damaged in an accident, but the additional coverage will result in a higher insurance rate for the car.
Vehicle modifications are likely to raise one’s insurance costs, but lowering one’s car is a risk that comes with issues that may impact insurance rates.
Lowering the suspension makes the car more difficult to tow, which causes toxic interactions between the frame and other parts like the tires or sway bar, and it increases the likelihood of the car bottoming out on rough pavements and speed bumps.
Raising the suspension may have a significant impact on the car’s stability, increasing the likelihood of rolling over when taking a sharp turn or even while speeding. The risk that appears to be increased at extra cost could be related to modifications.
These issues increase the likelihood that you will need to file a claim, which raises your insurance costs.
Is it necessary to notify my insurance company if I raise or lower my car?
Yes, you must notify your insurance company if you have made any changes to your vehicle, such as raising or lowering the suspension.
Your car insurance company must be aware of any modifications you have made to your vehicle in order to accurately determine your rates.
What happens if you don’t notify insurance about changes?
Not informing your insurer about changes is considered material misrepresentation, which means you didn’t tell them about something that would have affected your rate if they had known about it.
If you did not notify your insurance company about any modifications made to your vehicle, they may deny a claim in the future or even cancel your policy if they discover the modifications.
How much does insurance go up or down when a car is raised or lowered?
With a customized car, your insurance premiums will increase, but the precise cost you’ll incur depends on a number of variables, including the insurance provider you select.
Comparing prices from many insurance providers online using a marketplace like Policy clever is the simplest method to save money on vehicle insurance.