Aftermarket Performance Parts and Your Insurance Coverage

Choosing the right auto insurance for your performance vehicle is every bit as important as matching the correct aftermarket performance parts to the project you are working on. Auto insurance rates are determined by comparing your risks against an insurance tier system that considers your driving record, insurance credit rating, age, gender, and type of vehicle.

Your standard auto insurance company may offer you a rate to insure your stock 1972 Chevelle Malibu 307. If your plans to tinker with the vehicle include dropping in a 454 crate engine, you can bet your insurer will want to recalculate your premium. He may interpret the enhanced performance in your Chevelle as an increased risk of you going out and having some illegal or dangerous fun.

In fact, you should probably notify your insurer of any performance-enhancing aftermarket additions you make. While this sounds like an invitation for your insurer to raise your rates, remember that you are also adding value to your vehicle, an investment you want to protect. Case in point, a small block 454 crate engine with aluminum heads will run you $10,495.

With all of the performance hardware available to increase the horsepower and torque of your project car, the best advice you can get is to consult an agent who specializes in performance insurance. The reason for this is simple; the average insurer uses tables of accumulated data about similar vehicles to determine your rate. Since your vehicle is unique, he has nothing to compare it to and assigns you a rate for high risk drivers.

Specialty insurance for performance vehicles does not have to cost as much because this type of insurer understand that with the money, time and effort you have invested in your vehicle, you will be a more responsible driver with less perceived risk. In addition, most of these policies will not offer a deductible and require yearly mileage to be restricted. You and your agent will mutually agree on a value for the vehicle, with any aftermarket performance parts being factored in.

If a vehicle has a great number of aftermarket upgrades, the insurer may insist on a formal appraisal. The driver is also under scrutiny to a greater degree, with a clean driving record and a healthy amount of experience behind the wheel required to obtain this type of coverage.

Getting the best rate on your performance insurance is not rocket science. First, shop for an appropriate insurer by consulting car clubs or other enthusiasts online. Add anti-theft devices like LoJack to net you a 30% discount on your rates from some insurers. Take a Driver Safety Course to erase any blemishes on your driving record. A Defensive Driving Course can also net you an insurance discount. A great vehicle such as yours merits the best insurance coverage and the safest driver.


barry@thehotrodshop.net