Depends if you kill someone, then they will take the car apart.
Or, alternatively just do a quick search of the obvious, like on here

 

Is that a proven fact?

I have had a massive string of modified cars and never made a claim...

 

You haven't but many have, moreso than those that don't modify.

Remember insurance is done on statistics and averages, not on the individual (how can they, they don't know how you drive etc.).

 

I find it weird that premiums vary so much between companies.
If there are real numbers for assessing risk you would presume they all calculate out to a similar degree.

Just go to show, there are lies, damned lies, and then statistics

 

There is an individual element Drac, A Plan were more favourable given the history of what I have owned.

I just really dislike insurance compaines.

 

Well, to a certain extent it depends on what types of risks a particular wants to insure. If you get a silly price from a particular company, they essentially don't want to insure risks of your type.

The reason Admiral, Privilege, Elephant and so on insure a large proportion of S2000s is that they specifically target higher risk motorists (which we are due to the grouping of the car). This means that their claims processing costs will be higher than for a company like Esure which goes for the lower risk motorists, but they often temper this with high excess points, and good computer systems.

Another way they price is by acceptance. If they are giving quotes to a number of drivers in a particular postcode, and these qutes are being rejected on grounds of price, they will look at their pricing in that particular postcode and adjust accordingly.

The systems are very sophisticated, but having said that, Motor insurers have been losing money in recent years, but the insurance companies have been able to offset this due to the good (for them) home insurance market. The recent floods may well mean that motor insurance premiums will have to rise this year...

 

And resonably good stock market performance I would add.
Interesting comments, the trimming due to rejections wasn't something I knew about. Thanks.

Re L&V, there was a lot of talk about these on Scoobynet, and a collegue got a ridiculous renewal for his STi. They appear to be altering their exposure, specifically by trimming back on modified cars so this may be what you are seeing.

 

Yup - they used to allow any amount of mods for no increase too! That all stopped a couple of years back...

 

JP have made 2 exhausts for my brothers TVR's , my other Brothers BMW, and my old Golf in the past. They are a good outfit and produce some quality work. They will listen to you regarding how loud you want the system. Plug over

 

JP Exhausts are local(ish) and I have spoken to them and had work done there. They were going to make a job lot of decat pipes when I ran a GB a few years back until we saw the price of the honda brackets. They also sorted my exhaust on the 911 when the 2 grand sports exhaust fell to sh*t.