Vehicle Wrap and Insurance

BBOA
BBOA Posts: 77 Forumite
in Motoring
Hello,

I have recently got. My vehicle wrapped, however when looking to update my insurance I have been suggested a price around 130% more than my current premium, I have been told the vehicle wrap must be listed as paintwork modification even so I can’t believe the increase is there any advice as to how I can get insured without the drastic increase, if anything I thought the wrap would reduce the cost as it is protecting the body work.

Thanks.
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Comments

  • Carrot007
    Carrot007 Posts: 4,534 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    You thought something that would make your care look more attractive to theives would bring the insurance down?


    Now maybe it you had got some pink and yellow emulsion out and got a six year old to paint it you may have an argument.


    Did you not consider asking first?
  • BBOA
    BBOA Posts: 77 Forumite
    No not really like I said I was pretty sure it would reduce the price.
  • DUTR
    DUTR Posts: 12,958 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    BBOA wrote: »
    No not really like I said I was pretty sure it would reduce the price.

    You said that, I can see no logic as to why wrapping the paintwork may reduce the premium, I'm no underwriter but around here they type of owner that wraps there cars somehow seem to fall fit a stereotype :o
  • BBOA
    BBOA Posts: 77 Forumite
    Fairy enough, judging from your feedback I have been rather naive, that being said Any advice as to how to reduce the premium?
  • d0nkeyk0ng
    d0nkeyk0ng Posts: 873 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    You need a modification-friendly insurance company: skyinsurance, brentacre, greenlight and adrian flux are brokers that specialise in this field. My modified car is cheaper to insure than if I'd had a standard car and went with a mainstream insurer.
  • Sea_Shell
    Sea_Shell Posts: 9,925 Forumite
    Tenth Anniversary 1,000 Posts Photogenic Name Dropper
    How much did the wrap cost? The cheapest option might be to just remove it. How much was your car worth before you had it done?
    How's it going, AKA, Nutwatch? - 12 month spends to date = 2.56% of current retirement "pot" (as at end January 2025)
  • BBOA
    BBOA Posts: 77 Forumite
    Taking the wrap off isn’t really an option, I’ll try Adrian flux.
  • DUTR
    DUTR Posts: 12,958 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    BBOA wrote: »
    Fairy enough, judging from your feedback I have been rather naive, that being said Any advice as to how to reduce the premium?

    The premium has increased due to the modification, naturally few or no modifications keeps certain aspects of the premium at a minimum.
    If you MUST have a car wrapped then I guess one with a lower base premium to start with?
    Perhaps in an already nice colour.
  • Car_54
    Car_54 Posts: 8,737 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper
    BBOA wrote: »
    Taking the wrap off isn’t really an option.
    What is it covering?;)
  • Gloomendoom
    Gloomendoom Posts: 16,551 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Chris Knott is another mod friendly broker.
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