Do You Insure Your Car On Track?

Do You Insure Your Car On Track?

Poll: Do You Insure Your Car On Track?

Total Members Polled: 112

Yes: 29%
No: 38%
I'd like to but can't find cover: 7%
I'd like to but it isn't cost effective: 27%
Author
Discussion

Trabi601

4,865 posts

94 months

Monday 15th May 2017
quotequote all
loggyboy said:
Mighty Flex said:
Apparently the bit in the rectangle means that you can't use the car for anything listed in there, including track days, during the term of your policy, or it will be cancelled:

Aviva said:
There is no wording in there that cancels the policy, only excludes whilst you are doing any of the above.
and the motortrade part would mean anyone taking their car for an MoT and letting the garage drive it would void their policy - i think not!
A track day is none of those things highlighted in the red box.

MOTK

308 posts

133 months

Monday 15th May 2017
quotequote all
Zoobeef said:
I have a friend that works for an insurance company and deals with authorising high cost claims. He warned about using the Noble on track (I don't have insurance) and it's effect on my road insurance. Effectivly his company wouldn't insure me if they knew I did that even though it wouldn't be any of their business!

Cover those number plates up...
That's quite scary tbh. I have been driving my car on many track days uninsured for a few years now and had always assumed that it would not affect my road insurance, I couldn't see how it would be relevant to them.
It's renewal time now though and today I did the usual rounds and was asked on my adrian flux policy if the car is used in any competition events or TRACKDAYS!
Quick call to Manning and A-plan (thanks PH), and with manning I've unlimited uk trackdays for an extra £360 over my cheapest road only renewal quote. For a £20k car that seems like a bit of a no brainer given that I'll probably do around 10 days next year. Aplan were a bit cheaper but only 5 days and no Castle Combe (my local track).

Now how do I change my vote in the pollsilly




HustleRussell

24,602 posts

159 months

Monday 15th May 2017
quotequote all
If I had been insuring for every event I've done since I started in 2009 I'd probably be £20k+ worse off by now.

Jim1556

1,771 posts

155 months

Tuesday 16th May 2017
quotequote all
My M3's with Mannings for their inclusive track cover, used to use Moris but it's more cost effective this way... £422 for the year including 6 (I think) track days. About £75 more than the cheapest insurers.

e21Mark

16,205 posts

172 months

Tuesday 16th May 2017
quotequote all
HustleRussell said:
If I had been insuring for every event I've done since I started in 2009 I'd probably be £20k+ worse off by now.
Except you're insuring against what could happen and that peace of mind in itself is worth having for me.

Jimbo NW

828 posts

176 months

Tuesday 16th May 2017
quotequote all
I've insured mine for its first 3 track days, costs £85 a pop so will consider getting a policy with it included next time.
Allows me to drive a bit harder knowing I've got recovery included and damages.

I did wonder about liability on the track too, but have just assumed it's pretty much always a 50/50 given you should never be hitting anyone

RSbandit

2,590 posts

131 months

Tuesday 16th May 2017
quotequote all
I'm considering taking my own car to the Nordschleife for two track days in Aug but the insurance quotes I've received aren't so attractive, car is reasonably high value approx £75k...excess is 10% of the value, premium 1.5% per day. Not sure if its worth having the insurance on those terms...I am familiar with the track been there a few times now. The other thing is personal liability to 3rd parties, my understanding is that on a track day everyone there accepts the risk so if someone else causes an accident with you then that's just tough luck, correct me if i'm wrong?

loggyboy

279 posts

177 months

Tuesday 16th May 2017
quotequote all
Jimbo NW said:
I did wonder about liability on the track too, but have just assumed it's pretty much always a 50/50 given you should never be hitting anyone
There are no liability disputes - It covers you and you only (well your car) . No one can claim from you or vice versa.

loggyboy

279 posts

177 months

Tuesday 16th May 2017
quotequote all
Trabi601 said:
A track day is none of those things highlighted in the red box.
On my road policy the word 'track day' does appear in that section.

upsidedownmark

2,120 posts

134 months

Tuesday 16th May 2017
quotequote all
Nurburgring (TF) is a different matter. It's not a track day, you NEED to be insured. By law.

Actual track days, you own your own damage, whoever's fault it is - probably a good idea to read the stuff that you sign.

RSbandit

2,590 posts

131 months

Tuesday 16th May 2017
quotequote all
yeah TF days a different beast, scary potential liability there if you drop oil and cause a big accident...not worth it imo and the standard of driving is v poor compared to most track days there

Digga

40,206 posts

282 months

Tuesday 16th May 2017
quotequote all
RSbandit said:
I'm considering taking my own car to the Nordschleife for two track days in Aug but the insurance quotes I've received aren't so attractive, car is reasonably high value approx £75k...excess is 10% of the value, premium 1.5% per day. Not sure if its worth having the insurance on those terms...I am familiar with the track been there a few times now. The other thing is personal liability to 3rd parties, my understanding is that on a track day everyone there accepts the risk so if someone else causes an accident with you then that's just tough luck, correct me if i'm wrong?
The thing to remember about the Norschleife is that you are also liable for any damage to the circuit - armco etc. - and most definitely will be billed for it. On the plus side, well organised track days will provide your car/wreck with free recovery to the paddock.

My car, a 996 turbo, is covered under the regular policy with A Mannings for UK track days, provided they're organised by firms with recognised accredication (e.g. ATDO) but I have to take out separate cover for trips to the Nurburgring which, IMHO, is worth it.

RSbandit

2,590 posts

131 months

Tuesday 16th May 2017
quotequote all
yeah some of the quotes I had included up to 2k of cover for armco damage etc..ultimately I'm confident that I would drive within my limits (have done so on all prev visits) and not have a problem and given that driving standards on track days tend to be way better than on TF days you'd hope that a third party wouldn't cause u a problem...of course if someone drops oil or coolant and you go off from that that'd be the main worry

AOK

2,297 posts

165 months

Friday 19th May 2017
quotequote all
An interesting post here has been the chap who said they would be circa £20k poorer had they insured every track day they've done since 2009 Also interesting was the reply someone gave saying its worth it for the peace of mind.

I completely see both sides of this argument.

One thing which hasn't been discussed that I'm curious about though - has anyone with cover in place actually had an 'off' and had to claim on one of these policies?

If having one of these policies and actually having to claim on it makes your chances of renewing it in the future slim, or worse still has an adverse affect on your road cover (given that many of these are combo policies)... that sounds like a much bigger financial burden over the following years than the one-off price of having an 'off'.

My gut feeling is that for anything up to about £20k in value I'd rather just deal with a hit as-and-when than have it taint my insurability for the next X years. And aren't the excesses £5,000 on some of these policies?!

b0rk

2,289 posts

145 months

Friday 19th May 2017
quotequote all
Excesses are usually 5% or 10% of the claim or declared value which ever is lower. Write it off and it's declared value, have chat with the Armco and its claim value... there will also usually be a minimum excess.

Personally I insure for some circuits and not others and reduce the number insured as the car ages. I recall my policy is 5% in the UK or most EU circuits and 10% at the ring.

Trabi601

4,865 posts

94 months

Friday 19th May 2017
quotequote all
Remember, you're not just insuring against running out of talent yourself, you're also insuring against someone else running out of talent and t-boning you when they go into a corner far too fast.

LaurasOtherHalf

Original Poster:

21,429 posts

195 months

Friday 19th May 2017
quotequote all
Excess I don't personally have an issue with, 5 or 10% of the cars value might seem a lot but when the car is worth one hundred grand-would you rather be £10k worse off or £100k?

That's not to mention a lot of high end cars are on large finance deals-you could be £50k worse off on money you haven't earned yet. Try explaining that one to the wife...

AdamGRocco

31 posts

123 months

Saturday 20th May 2017
quotequote all
My road policy allows me to "top up" for a trackday. I call in, pay £40-45 and my excess doubles if I make a claim for an incident on the trackday.
They won't cover castle combe, but had no problems with other tracks I've been on.

Car is worth about £10k, with previous cars I never bothered, anything under £4k doesn't seem worth insuring, unless you can do it for pennies.
I use my car every day for work, so if it were a total loss or be seriously damaged, I'd want the peace of mind from having insurance.

Beknown

254 posts

145 months

Saturday 20th May 2017
quotequote all
I was at a track day recently and I got talking to a few people with rather expensive cars, to my shock not one of them had insurance.

I asked why not and they said they would just take it easy and try and stay from other drivers. They weren't lying about the first part as I overtook them on my cool down lap, but sometimes cars were 5 abreast trying to go round corners.

You can drive defensively but you'll never stop someone smashing into the back of you if thats what they want to do.

Digga

40,206 posts

282 months

Saturday 20th May 2017
quotequote all
Trabi601 said:
Remember, you're not just insuring against running out of talent yourself, you're also insuring against someone else running out of talent and t-boning you when they go into a corner far too fast.
Quite right. At place like the Ring, you might think you're driving within your limits of skill and knowledge, but if someone's dropped oil or coolant at just one point around the track, you're off.

In the past, when I was competing in sprints and hillclimbs I insured and had a claim, for about £10k and the insurer (Competiton Car Insurance) was fine to deal with and did not subsequently kill me with future insurance cover premiums.