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Which Insurance Companies Offer Modified Car Insurance?

Introduction

Hey there, readers! Are you a proud owner of a modified car? If so, you know that finding the right insurance coverage is essential. But with so many insurance companies out there, it can be tough to know where to start. That's why we've put together this comprehensive guide to help you find the best modified car insurance for your needs.

In this article, we'll discuss:

  • Which insurance companies offer modified car insurance
  • What to look for when choosing a modified car insurance policy
  • How to get the best rates on modified car insurance

Types of Modified Car Insurance Coverage

Modified car insurance is a type of insurance that covers modifications made to your vehicle. This can include everything from performance upgrades to cosmetic changes. There are two main types of modified car insurance coverage:

  • Agreed value coverage: This type of coverage agrees on a value for your car before you purchase the policy. If your car is totaled, you'll receive the agreed-upon value, regardless of the actual cash value of the car.
  • Stated value coverage: This type of coverage is similar to agreed value coverage, but you state the value of your car yourself. If your car is totaled, you'll receive the stated value, up to the actual cash value of the car.

How to Choose a Modified Car Insurance Policy

When choosing a modified car insurance policy, there are a few things you should keep in mind:

  • The type of modifications you have: Some insurance companies only offer coverage for certain types of modifications. Be sure to check with the insurance company before you purchase a policy to make sure they cover the modifications you have.
  • The value of your car: The value of your car will affect the cost of your insurance policy. If you have a high-value car, you'll need to make sure you have enough coverage to protect it.
  • Your driving history: Your driving history will also affect the cost of your insurance policy. If you have a clean driving record, you'll likely be able to get a lower rate.

How to Get the Best Rates on Modified Car Insurance

There are a few things you can do to get the best rates on modified car insurance:

  • Shop around: Get quotes from multiple insurance companies before you purchase a policy. This will help you compare rates and find the best deal.
  • Increase your deductible: Increasing your deductible will lower your monthly premiums. However, you'll need to make sure you can afford to pay the deductible if you need to file a claim.
  • Take a defensive driving course: Taking a defensive driving course can help you improve your driving skills and reduce your risk of accidents. This can lead to lower insurance rates.

Insurance Companies that Offer Modified Car Insurance

Now that you know what to look for when choosing a modified car insurance policy, let's take a look at some of the insurance companies that offer this type of coverage:

  • Allstate: Allstate offers a variety of modified car insurance options, including agreed value coverage and stated value coverage.
  • Farmers: Farmers offers modified car insurance coverage through its Specialty Vehicle Program.
  • Geico: Geico offers modified car insurance coverage for a variety of vehicles, including classic cars, hot rods, and sport bikes.
  • Hagerty: Hagerty is a specialty insurance company that offers coverage for classic cars, collector cars, and modified cars.
  • State Farm: State Farm offers modified car insurance coverage through its Prestige Auto Program.

Conclusion

Finding the right modified car insurance policy can be a challenge, but it's important to do your research and compare quotes from multiple insurance companies. By following the tips in this article, you can find the best coverage for your needs at the best possible price.

Don't forget to check out our other articles on car insurance, including:

  • [How to save money on car insurance](link to article)
  • [What to do if you're in a car accident](link to article)
  • [How to choose the right car insurance policy](link to article)

FAQ about Modified Car Insurance

Does GEICO offer modified car insurance?

Yes, GEICO offers modified car insurance as part of its mechanical breakdown insurance (MBI) coverage.

Does Progressive offer modified car insurance?

Yes, Progressive offers modified car insurance under its specialty car insurance program.

Does State Farm offer modified car insurance?

Yes, State Farm offers modified car insurance as an endorsement to its standard auto policy.

Does Allstate offer modified car insurance?

Yes, Allstate offers modified car insurance through its "Hot Rod" insurance program.

Does USAA offer modified car insurance?

Yes, USAA offers modified car insurance as part of its classic car insurance program.

Does Hagerty offer modified car insurance?

Yes, Hagerty specializes in modified car insurance and offers a wide range of coverage options.

Does Chubb offer modified car insurance?

Yes, Chubb offers modified car insurance as part of its high-value collectors' insurance program.

Does Grundy offer modified car insurance?

Yes, Grundy specializes in classic and modified car insurance and offers comprehensive coverage options.

Does American Collectors Insurance offer modified car insurance?

Yes, American Collectors Insurance offers modified car insurance as part of its classic car insurance program.

Does Alfa Insurance offer modified car insurance?

Yes, Alfa Insurance offers modified car insurance under its "Modified Vehicle" program.