When it comes to owning modified cars in Australia, selecting the right auto insurance is crucial. Many drivers believe that standard policies will adequately cover their unique vehicles, but that often isn’t the case. Modified cars require specialized coverage to protect both the vehicle and the driver. In this article, we’ll explore the best auto insurance options for drivers with modified cars in Australia, highlighting key features and considerations.
Understanding Modified Cars
Modified cars can include any vehicle that has been altered from its original factory condition. This includes enhancements to performance, appearance, or both. Common modifications include suspension upgrades, aftermarket exhaust systems, custom paint jobs, and engine tuning. While these modifications can enhance the driving experience, they also influence insurance premiums and coverage options.
Key Considerations for Insurance
When looking for auto insurance for modified cars, drivers should keep the following considerations in mind:
- Disclosure of Modifications: Always disclose all modifications to your insurer. Failing to do so can result in your coverage being voided in the event of a claim.
- Cover Type: Look for comprehensive cover that extends beyond the standard offerings. Ensure the policy covers modifications and potential increased repair costs.
- Agreed Value vs. Market Value: Opt for an agreed value policy if your car has significantly increased in value due to modifications. This means you’ll receive a set payout in the event of a total loss.
- Specialist Insurers: Consider insurance providers that specialize in modified vehicles. They understand the nuances of coverage needed for these types of cars.
Top Auto Insurance Providers for Modified Cars
Here are some of the best auto insurance options available for drivers with modified cars in Australia:
1. Shannons Insurance
Shannons is renowned for offering tailored insurance solutions for car enthusiasts. Their policies cover a wide range of modifications and provide agreed value options, ensuring that car owners have peace of mind. Additionally, their coverage includes protection for spare parts and accessories.
2. NRMA Insurance
NRMA offers comprehensive car insurance that can be tailored for modified vehicles. Their policies cover theft, fire, and accidental damage. They also provide options for agreed value cover, which is essential for modified cars that may have an increased market value.
3. Just Car Insurance
Just Car Insurance specializes in covering cars that have made performance and aesthetic modifications. They offer custom policies that can adapt to the unique needs of each driver, ensuring comprehensive protection for a wide range of modifications.
4. AAMI Car Insurance
AAMI provides customizable car insurance policies for modified vehicles. The insurer allows customers to add specific coverage options that fit their unique needs, thus protecting both the vehicle and the owner's investment in modifications.
5. Insure My Ride
Insure My Ride is another excellent choice for owners of modified cars. They offer policies tailored to enthusiasts, covering a variety of modifications while also providing agreed value options. Their understanding of the modified car market makes them standout among general insurers.
Comparing Quotes and Coverage
Before settling on an insurance policy, it’s important for drivers to compare quotes from different providers. This ensures that you find the best possible coverage at a competitive price. Use online comparison tools, and don’t hesitate to contact insurers directly to discuss your specific modifications and coverage needs.
Conclusion
Owning a modified car requires a keen understanding of insurance options available in Australia. By seeking out specialized insurers, disclosing all modifications, and comparing policies, drivers can secure the right coverage for their unique vehicles. Always remember that protecting your investment with the right auto insurance is just as important as the modifications you make to your car.
