Confused.com logo
Research from Confused.com found that quotes for cars with and without modifications could differ by up to £1026.42 – or 182% – based on a 20 year old male driving a VW Golf 1.5l, with no claims or convictions.[
Will Thomas, head of car insurance at Confused.com, said:
“As car modifications become more popular with young drivers, it is important that they are made aware of the ensuing cost of car insurance. Adding spoilers and tinted windows, for example, can not only dramatically increase car insurance premiums, but they can render car insurance void in some instances, especially when the driver fails to inform the insurer of any changes.
“It also needs to be considered that adding modifications to your vehicle can greatly depreciate its value when selling it on. If drivers must modify their cars, we urge our customers to shop around before committing to one insurer.”
-ENDS-
Visit www.confused.com for the chance to win £1 million tax free
Notes to editors
For further information please contact:
Jennifer Rose / Caroline Spindlove
Confused.com
02920 434398 / 02920 434393
Gug Kyriacou/ Joanna Harte/ Liz Leach
Polhill Communications
020 7655 0550
Statistics table
INSURER PRICE: WITH MODS: £ DIFFERENCE: PERCENTAGE
Elephant £1244.75 £1463.15 £218.40 118%
Admiral £1281.50 £1506.20 £224.70 118%
Endsleigh £1397.82 £1629.36 £231.54 117%
Quinn £1612.34 £1692.95 £80.61 104%
Yes £1349.43 £2106.31 £756.88 156%
Auto Trader £1380.92 £2137.80 £756.88 156%
Budget £1380.92 £2137.80 £756.88 156%
Ibuyeco £1313.17 £2139.94 £826.77 163%
Dial Direct £1422.34 £2201.94 £779.60 155%
Post Office £1449.37 £2271.17 £821.80 157%
AVERAGE £1,383.25 £1,928.66 £545.40 139%
About Confused.com:
Confused.com is one of the UK’s biggest and most popular price comparison services. Launched in 2002, it dominates the car insurance aggregator market and generates around one million quotes per month. It has expanded its range of comparison products over the last couple of years to include home insurance, travel insurance, pet insurance, van insurance, motorbike insurance, breakdown cover and energy, as well as financial services products including credit cards, loans, mortgages and life insurance.
Confused.com is not a supplier, insurance company or broker. It provides its customers with a free, wholly objective comparison service to help with their decision making. Using cutting-edge technology, Confused.com has developed a series of intelligent web-based solutions that evaluate a number of risk factors to help customers search, buy and apply for whichever product or policy best matches their individual needs. Prices quoted on Confused.com are the same, or cheaper, than going to the insurer direct. Confused.com’
Confused.com is regulated by the FSA.
Photo:
http://www.prlog.org/
