Spoilers can spoil chances of cheap car insurance, says survey
Adding modifications such as a spoiler to a car could spoil a young driver's chances of getting cheap car insurance, according to a new survey.
Cheap car insurance may be harder to come by for young motorists who drive modified or sportier vehicles, according to research released recently.The study, conducted by uSwitch.com, found that adding 'go-faster extras' such as body kit to a car increases young drivers' insurance premiums for the vehicle by an average of £2,682 per year.
According to the research, adding a simple spoiler increases insurance costs by an average of £700. uSwitch.com also found that driving sportier models can increase insurance costs.
A Peugeot 206 GTI costs around £6,485 more to insure than a standard model, meaning each of the letters costs £2,161.
Mark Monteiro, insurance expert at uSwitch.com, said: "In most cases, insuring cars such as the Peugeot 206 GTI will cost more than actually buying the car in the first place."
GTI can improve the performance of a car considerably, making it easier to drive at faster speeds that insurance companies judge to be more dangerous.
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