Recent Study Reveals How Modifying a Car Could Increase the Cost on Car Insurance Premium

InsuranceQuotesUSA.com has conducted extensive research last week with over 100 insurance companies in the United States. Results indicate modifying a car could increase the cost on car insurance premium by as much as 85%.

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Modifying your car may reduce the safety rating of your vehicle which will result in higher insurance premium.

New York, NY (PRWEB) September 12, 2012

InsuranceQuotesUSA.com, part of the Insurance Quotes USA Finance network, is an all-in-one stop for news, tips, and quotes on car insurance. The company has conducted extensive research with over 100 insurance companies and independent providers in the United States. Study indicates modifying a car could dramatically increase the cost on car insurance for the vehicle. "Consumers need to be aware of the different kinds of modifications that will reduce the safety rating of their vehicles and increase the cost on car insurance premium," said Eric, Senior Advisor of InsuranceQuotesUSA.com.

The company has obtained more than 500 quotes from over 100 insurance companies for a 25-year old male, single, with good income, good driving history, and good credit history on an Acura MDX 2010 White. The following modifications have increased the cost on car insurance:

  • Changing the color of the vehicle to black: 17% increase.
  • Changing the size of the wheels from 19" to 21": 14% increase.
  • Adding a complete custom body kit: 21% increase.
  • Lowering vehicle suspension: 6% increase.
  • Adding turbo to the engine: 19% increase.
  • Adding a custom vehicle muffler: 8% increase.

21% of the insurance companies who have participated in this research refuse to provide insurance to vehicles that have already been modified with the above customizations.

Additional custom fields have been added during the comparison process. The backend engine of InsuranceQuotesUSA.com will now accommodate vehicles with modifications and display only eligible providers

There are modifications that will reduce the cost on car insurance. InsuranceQuotesUSA.com recommends consumers to be aware of the DIY modifications that will improve the security rating of a vehicle which will lower the cost on car insurance premium.

About the Insurance Quotes USA Network

The Insurance Quotes USA (IQUSA) network currently has 4 main web properties within the network - InsuranceQuotesUSA.com, AffordableInsurancePlans.com, InsuranceCalculator.net, and PropertyInsuranceCoverage.com. Each website serves a unique purpose for consumers in the United States. With the company's I.Q.U.S.A. service model - Instant insurance quotes, Quotes from multiple companies, Unbeatable coverage types, Smooth user experience, and Affordable policy rates - the company aims to build a strong online presence in the insurance industry through new domain acquisitions and development. In addition to car insurance, the IQUSA network also provides home, health, life, business, and travel insurance quotes.

How does InsuranceQuotesUSA.com work? When a zip code is entered, the system automatically determines the location of the zip code, connects with insurance providers in the specific area, and then displays quotes from multiple companies on the screen. The entire process completes in a matter of seconds. Compare and save money on affordable insurance plans today.


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