Car insurance for modified cars
 

I'm looking for people to recommend insurance companies that would insure modified cars. I'm moving from the US to Toronto, and every time I talk to insurance companies, they absolutely wont insure me since its been modified. Who do you people use? Not telling the insurance company that my car is modified is NOT an option for me; I dont want to deal with getting into an accident and potentially not being covered since I wasn't upfront with them. Ideas?

Expect to pay $800/month if you actually get insured with them knowing about mods. Good luck and welcome to ontario. :dunno:

what car?

91 accord ex-r.

I was pretty suprised when insurance companies told me they couldn't insure me since my car was modified. Here in Michigan it seems like a non-issue. They've just asked me how much $$ I've put into parts, and modify the quote slightly so that its covered. Do you guys really tell your insurance companies that your cars are stock?? I wonder how many people lose their insurance coverage after their car gets wrecked and get $0 reimbursement.

Unless you are boosted or have extravagent mods, don't worry about saying anything...In some cases some companies will want to inspect the car though.

Right and if they want to inspect the car, my insurance would either be cancelled or denied. Although my car is not boosted or heavily modified, I've done enough that several of the insurance companies I've talked to (Pilot, RBC) flat out said they did not want to take on the risk. I'm 27, no accidents, and been insured for 11 years.

dont tell them, drive responsibly.

insurance fraud. no coverage in an accident. good idea :retard:

Stay in the USA. This is what Canada is like to live in, you get bullshit almost everywhere from everyone.

HAH, I always drive responsibly, but I'll remember to tell the old man who isn't paying attention and writes my car off to drive responsibly too... OH WAIT...

Seriously tho, does anyone know of any insurance companies in TO that'll write insurance for modified cars?

not realy, just won't be covered for the parts etc...
in the end insurance will cover u - thts what u pay for...
they will just try not to... saying mods were reason etc...

Actually you should do what my buddy walker did for 2 years. He came to canada from the USA. He kept his car resitered and insured back in his home state.Never had a problem.

^ Thats a really good idea. Just tell your insurance company in the states that you are going out of the country on business for a few years and that you're bringing your car... see how long you can keep it insured like that for.

he didnt tell them anything , when he got pulled over here he just said he was visiting. He would usually drive back home to get mail etc once a month.

My US insurance company said that they do not write insurance in canada, so I would need to switch to a canadian insurance company. I will definitely be living and working in ontario, without any type of residence in the US so keeping my car registered in michigan wont work. From what I've read on a few sites (toronto star, autonet.ca) companies will cancel your coverage if you modify your car and they are made aware of it. (either by you telling them, or they find out after you make a claim.) Either way I dont want to deal with that.

I saw about 1500 cars at Darknights this summer in toronto... are you telling me EVERY insurance company thinks those cars are stock????????

what mods do u have on the car?

I/H/E
adjustable coil overs
projectors
HID kit
cry02 kit
grounding kit
front + rear strut bar
sway bar end link kit

body kit and CF hood on the way..

After just mentioning I/H/E and suspension work, all companies flat out say they wont insure me. I'm guessing if I decide not to tell the insurance company about my mods, and I make a claim (someone asshat isn't paying attention on the freeway and hits my car for example) when the adjuster comes out to see the damage, they will either cancel my insurance since I neglected to mention the mods, or will keep me on, but wont pay for any of the damage. I've asked these companies if they could put together a contract that lets me release them from the liability of replacing my modified parts, and only require them to repair my car with stock parts, but no go.

Man, I didn't know Canuckia was a communist country. :D j/k.

there is always the option of going right to faculty (sp), I know a few 240 guys with crazy $$$ in there car did this and they got coverage but its also more $$$

what/where is this faculty?? is that an insurance company?

facility (sp) meaning super high risk...every insurance co- has it
ie exremely bad record, etc etc...
insurance has to be available to everyone and evry car, even though some turn u down othres have to take you...

Well you don't always have to tell your insurance that your car got dammaged , you can always find a shop which will do the job for cheap and they won't tell your insurance.

If its a fender bender, ya no big deal, but if its $2k - 5k, I might as well buy a new car... which kinda sucks, thats part of the reason why we have insurance.

In here Insruance is there so these companies can make huuuuuuuuge profits (300% increase in pure PROFIT 2 yrs ago) and so that if you do hit some poor guy and he gets ed up, he gets alot of money.

Either way you look at it its ing BS. I got quoted 9-10k a year because I have 1 accident and am 19yrs old! insurance the whole industry, I hope some of these s have heart attacks and ing die!

^ Yes!

Facility Association insurance is only offered by ING, Co-op, and Royal & SunAlliance, all other companies just contribute to the reserves. If you have a proper appraisal WITH a safety certificate, most companies will insure you, plus a pleasure rating (low km's per year) really helps. You never ever want to be in Facility, trust me, your in there for two reasons: bad credit history or a bad driving record, not for a modified car.

19yrs old and 1 accident is a HUGE risk for almost any company to write, to them if you have an at-fault claim at that early age you most likely will have more as you age.

As for the ins. company paying out for mods you didn't tell them about, no they will not cover it all. Think about it, you say you have a mustang and pay $250 a month, then a claim some time after, comes in saying the vehicle is heavily modified and is worth $25k. You only paid for what you told them you had which resulted in the $250 premium, thats what you'll get, book value excluding ALL mods.

And this is the problem. I want to at least have my important stuff covered (stereo, etc) and not get screwed with having my policy being cancelled because I didn't tell the insurance company about mods. The only problem is, I'll never be able to get an appraisal and safety cert to them since they will flat out not insure me. So how about this... Has anyone ever had to make a claim with their insurance company, had an adjustor come out, see that its a modified car, and not have a problem with it? if so, what company are you with?

Yes, me. They were not serious mods at the time but definetly mods to be noticed. Now my car needs an appraisal since a lot of time/money has been spent since then. You need to find a suitable broker who is familiar placing people like you, just get the safety and take lots of pictures. Thats what they worry about, if your car has cut springs it most likely won't pass a safety and could pose an accident risk, while a safely modified car is what they will write but you will pay the premium none the less.

Remember just insure what you want insured, if you don't want the wheels i.e. to be covered be prepared to never claim them for any loss.

have a car? pay insurance..
want a moded car? ay insurance...
don wanna pay high rates, then take the tcc or walk...

these threads always come up...

A little off topic but icam8valves post some more pics of that daytona!

Oh you mean *my* Daytona, except mines white and is too far from stock! :biggrin:

Here's a pic of one almost identical to mine, I've got different rims/decals though:
http://www.squirrelpf.com/gallery2/d/1925-2/outside.jpg

Not sure if you've been actually reading this thread, but I AM looking to pay for insurance for a modded car. I'm not complaining that insurance is outrageous and I dont wanna pay the price, I'm looking for an insurance company that WILL take on a modified car. Perhaps you were looking at the wrong thread.

SEARCH feature scares people :veryhappy

not realy.. just another thing to ad to the list...
insurance companies don want to ad u not realy cause of the mods, but they assume u are adding hte mods for dumb purpose's ie racing in their minds... you removing stock parts and puting on aftermarket parts increases the risk of accidents as the insurance no long has the benefit of knowing ur car is 100% facory safe...

insurance is available, imo talk to a broker - they can do the searching for you...

thats every forum...

So how do Z06's, Vipers, and Ferraris get insurance? ALL ins. companies will write those? The car is 100% safe when you provide a SAFETY CERTIFICATE, which is why I recommend it. Two things are taken into account when you apply for a policy: the car itself and driving record, if both are clean most companies should write you but at premium based on the car's appraised value and your driving record.

Nice! Always nice to see a daytona in good shape on the street. I myself wouldent mind a nice iroc R/T saw one a year or so ago waste a integra type R.

so then should I just get a safety certificate, and tell them i want a 91 accord insured, without mentioning the mods? What do you suggest about stuff like stereo equipement that I would want insured? Get the car appraised and have it insured for fire/theft for that amount?

get your car appraised and call kingsway insurance...my buddy did it with his civic and he doesnt pay alot and has a fair amount of mods worth decent coin ($$$$$)...they didnt hassle him once he showed them the legit appraisal. they fully covered him and since your 27 u should have no problems because he is 25. keep this in mind though, he has a clean record with a G licence and driving school certificate.

There you go guys, here is proof that what I said works! :smilie_da

i wouldnt trust anyone who works in the insurance industry. :veryhappy but thats me

Re: Car insurance for modified cars
 

what about just body modifications no performance i take it the insurance company will still see it as "modifying" it?

Re: Car insurance for modified cars
 

all i want to do is exterior just making it look good i have a kid and dont need to go fast im happy with what my car can do i just want to turn a bit of heads is all. stylin daddy lol