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Are modifications for improved handling or performance likely to raise my insurance premium on a luxury vehicle?

Possibly. Modifications can increase your premium because they may raise repair costs, replacement value, or the vehicle’s overall risk profile. The impact depends on the insurer, the type of modification, and whether the changes are disclosed.

Performance, suspension, wheel, and engine-related upgrades are more likely to affect pricing than cosmetic changes. To avoid coverage issues, always tell your insurer about any modifications before or after they’re made.