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Motorists 'must insure modifications'

As many motorists invest in the new craze for modifying vehicles, the insurance comparison service Gocompare.com has warned motorists that all modifications must be reported.

Even the smallest alteration to a car could affect premiums and insurance companies must therefore be told, the website stated.

If drivers do not declare the modifications then insurers could claim that they do not have to pay out in the case of an accident.

Hayley Parsons, managing director at Gocompare.com, said: "While people often think about young drivers with body kits, exhaust systems or suspension changes, in reality it is just as likely that the average new car buyer opting for alloy wheels, a satellite navigation system or leather upholstery in the showroom could get caught out."

The value of the car will only be based on "factory-standard fittings" unless one declares customizations, Ms Parsons added.

Meanwhile, Top Gear's James May has said that critics of the show who have said it is eco-unfriendly are "a bunch of miserabilists". A personal loan could help motorists cope with the cost of insurance.

See how much you could borrow with a motor loan from Lombard Direct.

© Adfero Ltd

05/10/2007 17:10:41

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