Car Insurance when a towbar is fitted
Did you know a towbar fitted after the car leaves the showroom as new is, as far as an insurance company is concerned deemed a modification, and failure to notify an insurance company could invalidate your insurance.
Will having a towbar fitted increase my insurance costs?
It could do, but doesn't need to. Many insurers will cover a towbar fitted car without an additional premium. However you could face an extra bill if, having fitted a towbar to your existing car or bought a new car which has a towbar fitted to it, you advise your existing insurer and they ask for a 'change in circumstances charge' or 'in year policy adjustment fee'. Insurers are increasingly using such fees to enhance their income from existing customers. However if you are faced with an unreasonable increase get a quote for a new policy with the towbar already fitted as it could be cheaper to cancel your existing policy, pay any cancellation fees and start afresh.
Can my existing insurer cancel my insurance if I have a towbar fitted?
Yes - some insurers have very strict guidelines on what cars they will insure. This is particularly the case with some of the big names who negoitiate low prices for mass market customers who fit 'the norm'. Once a towbar is fitted you are outside the tight band of vehicles that they can quote for and they may not be able to cover you. Don't worry though - all is not lost!
Why would an insurer want to know whether I have a towbar fitted?
Having a towbar fitted to your car does mean a marginally increased risk for an insurer - some would include this in their base premiums, others, and particularly those who look to cut every last penny off their base price to improve their comparison table position - where a pound can mean a difference between heading a comparison table and being in forth place.
How can I find cheap insurance for a towbar fitted car?
Many of our insurers on our standard insurance comparison service will cover cars with towbars, and many of those without asking for an additional premium. Run a quotation now. Some companies will give you a quotation including the towbar, others may ask you to advise them when you visit their site, but any companies who just will not entertain cars which have towbars fitted will have been removed.
This information is based on journalistic investigation and research. It is not financial advice. Any information should be considered in regard to specific circumstances. Any suggestions followed up are done so at your own risk and your own research is key. Prices and features checked and correct as at 7th May 2013.