When it comes to car modifications, men are apparently most likely to install a new turbo on their vehicle, while women would typically opt for parking sensors, but what you do to your car could have an impact on how much money you spend each month.
This is according to new research from MoneySuperMarket, revealing the most popular modifications. These include adding alloy wheels, installing a tow bar, doing work on the suspension, changing the exhaust system and adding tinted windows.
It would be worth bearing in mind, however, that some car modifications can push your insurance premiums up. For example, a new turbo can increase your premiums by up to 132 per cent, while bonnet bulges, wheel arches and flared wings can also result in a significant insurance hike.
But you can drive your insurance premiums down by adding parking sensors or a tow bar. The latter could see your premiums reduced by an average of 20 per cent, in fact.
“Modifications can be a great way to personalise a car and in some instances will improve performance, but can quickly bump up the cost of your car insurance. Insurance is based on risk and modifying your car is a warning sign to insurers,” consumer affairs expert Kevin Pratt said.
Of course, adding a new or reconditioned turbo to your car can often be a necessity, not a choice. Warning signs that your turbo needs replacing or repairing include check engine warning lights, loss of power, a smoking exhaust pipe and a very loud whining noise. If you are worried about your car, it would be wise to take it to a garage or a local mechanic to find out more.