It is advisable to inform the insurance company if you are planning to make any changes to your vehicle. They will assess the risk or the impact of the changes and accordingly calculate the new premium. Do not make the changes and then inform the insurer only when the policy is due for renewal.
Every change or modification done to your car affects your policy. If you inform the insurance company you may have to pay an additional amount. However, if they are not informed, the insurance company will view it as a fraud and that may create problems for you especially if you are making a claim. In extreme cases, the insurer can even invalidate your car insurance policy.
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