Will a Custom Paint Job Change Insurance Premiums?

The fact is that getting a custom paint job does not mean that your insurance rates will increase. At the same time, however, your paint job may not be entirely covered by your current policy. While a custom paint job is not typically a risk factor itself that would affect the costs for auto insurance, there are some instances when the insurance provider may have underwriting rules that may define your paint job as a higher risk for theft. In the end, this could mean purchasing additional coverage, which could result in higher auto insurance rates.

Dealing with higher auto insurance rates

The bottom line is that finding coverage for that custom paint job under your car insurance policy may demand that you deal with higher rates. In fact, to get coverage under a standard policy, you may need to obtain an endorsement for custom parts and equipment for a predetermined amount. This may total as much as $1,000 in coverage. Additional custom parts and equipment coverage can be purchased in amounts between $4,000 and $5,000. Choosing the right level of coverage is ultimately up to your own financial needs and risk tolerance.

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Since guidelines and policy terms differ from one provider to another, so you should check with your insurer to see what modifications will be acceptable – or if special custom endorsements will be required to cover changes to the vehicle. The fact is: You don't want to risk canceling your policy.

Some good tips about auto insurance coverage

No matter what, it's always a good idea to take photos of the custom paint job and save all receipts, in case you need to make a claim with your insurance company. If you haven't made any modifications (like a custom paint job), you might consider talking to your insurance agent about may be required to have the paint job covered and what affect it could have on your rates.

Request a free quote for custom coverage on your auto today!