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Can vehicle modifications affect insurance premium?

Add-ons in your vehicle can have an impact on your insurance premium. Read on to know more

Can vehicle modifications affect insurance premium?
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I recently got a CNG kit fitted to my car. Will this impact the insurance cover on the car? - Raghu Pai, Bengaluru

Motor insurance is mandatory, which means any car that has to ply on roads must have a valid motor insurance policy. Insurers do insure cars that are fitted with CNG kits. However, it will cost you more as insurance companies charge additional premiums for cars fitted with CNG, which is about 5 per cent of the kit’s value. What you need to ensure is that you quickly get your insurer to endorse this addition to your existing policy and pay the premium that you are now liable to pay.

 

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