After an accident, most insurance companies include the use of spare parts in their repair estimates. Replacement parts that you install yourself as a vehicle modification may also be covered up to a certain limit in a standard auto insurance policy. If you need more coverage for your vehicle's custom parts, you can consider purchasing additional coverage. Most auto policies don't cover the replacement or repair of replacement parts, custom parts, or vehicle modifications that exceed a certain amount.
However, custom parts and equipment (CPE) coverage is available from Progressive and most insurers, at an additional cost, can cover stolen parts or equipment. For example, if the 24-inch tires you just added are stolen, you'll likely need CPE coverage to secure them. You can purchase two car insurance policies to insure two separate vehicles. However, buying two policies to insure the same vehicle may result in the automatic cancellation of one of them.
Liability is mandatory auto insurance coverage in 49 states, while comprehensive and collision coverage are optional if the car is paid for. OEM parts coverage is typically available for motorcycles, but many insurers don't offer OEM coverage for cars. This type of car insurance coverage also applies if you or your family members are traveling as passengers in other vehicles or are hit by a car while walking or biking. A common misconception is that you must have car insurance with full coverage to be insured against car theft.
Because these parts or features aren't usually fully covered by a standard auto policy, you may need to add an endorsement to your auto policy or purchase a customized auto insurance policy. For example, if you live in Connecticut but work outside the state of New York, you would have an auto insurance policy in Connecticut, since the vehicle stays there overnight. This is known as rewriting your policy for another state; if your car moves with you, it helps you avoid having to pay for independent insurance coverage outside the state that isn't necessary. Comprehensive coverage is the only one that can cover the theft of a car or damage to your car caused by a theft or break-in.
If you modify your vehicle to improve its performance or improve its appearance, you'll usually need a coverage endorsement or a customized, independent auto insurance policy. No matter where you live, your standard car insurance policy will normally cover you in all 50 states and Canada. Nor is there a multi-state auto insurance policy that originates in two or more states. If someone steals your vehicle and doesn't recover it, your insurer will charge you a check for the current value of your car if you have comprehensive coverage.
No, there is no separate auto insurance policy for several states, since a standard auto insurance policy generally provides out-of-state coverage in all 50 states. Some insurance companies don't offer insurance for modified cars if they meet certain criteria, such as if engine performance improves significantly or if custom paint or decal jobs significantly increase the total value of the vehicle.