Car Appraisal

[viridionplague]

i dont know how it is with your insurance. but with mine they will not insure a car for more than twice its stock value.

so if the going value on the car according to insurance is $2000 they will not insure the car for more than $4000 regardless of how much you spent on mods.

i believe the reason for this is so that people cant go buy some pile of shit. throw a shit ton of mods to ramp up the price then wrecking the car. then the insurance company is stuck paying out gobs of money for a car with little to no actual value.

my insurance company also requires you to carry added coverages such as comprehension and collision when you start adding aftermarket modding insurance further increasing the price.

[Zivman]

Originally Posted by viridionplague

i dont know how it is with your insurance. but with mine they will not insure a car for more than twice its stock value.

so if the going value on the car according to insurance is $2000 they will not insure the car for more than $4000 regardless of how much you spent on mods.

i believe the reason for this is so that people cant go buy some pile of shit. throw a shit ton of mods to ramp up the price then wrecking the car. then the insurance company is stuck paying out gobs of money for a car with little to no actual value.

my insurance company also requires you to carry added coverages such as comprehension and collision when you start adding aftermarket modding insurance further increasing the price.

If ones premiums were based on a value of 4k, why would it matter?