Track day insurance

[J-P]

I'm going to do a track day in October and need to get insurance for my car - Any ideas on who you can go to for a single day's cover?

My car's an E92 M3 and the £300 I've been quoted seems a bit steep for one day's worth of cover. (The cost of insurance for the year is around £1000).

It would be useful to understand if this is a "normal" price and who actually provides this insurance cheaply.

Thanks in advance for your help

J-P

[Don]

One day track cover is hideously expensive and always has been.

The people I know of who do this are:

http://www.competition-car-insurance.co.uk/
http://www.moris.co.uk/

If you will do a few track days a year is vastly cheaper to get it in with your road insurance policy - even if makes that more expensive. Performance Marque could help with that:

http://www.performancemarque.com/

HTH

[J-P]

Thanks, Don - quote was from Moris with a 3k xs!! I'll try the other crew you have highlighted and see what comes out of that.

Cheers

J-P

[J-P]

J-P said:

Thanks, Don - quote was from Moris with a 3k xs!! I'll try the other crew you have highlighted and see what comes out of that.

Cheers

J-P

...which was loads better than the competition car quote, which was £417 with a 4k excess!!!!

[Don]

You might be better off cancelling your current road policy and getting a new one with track cover in. On the policy I used to have I had a 3K excess by the rest covered for £70!

[J-P]

I think you're right - I'll give this a go and see what happens

[David W]

You could also try Richard Egger Insurance on 01159850165.

[Chris71]

If you plan to do many track days try looking into an insurer (for road use) who covers them as part of the policy or for a small additional fee. Mine are £30 a day extra on the Caterham's policy with Hagerty.

[J-P]

Thanks all I'll look into this

[mattdaniels]

Not teaching you to suck eggs here - but obviously you don't have to have insurance for the trackday. If you drive within your limits/the cars limits/the conditions limits then it is very unlikely your pride and joy will get damaged and car to car contact is extremely rare due to the overtaking rules. I've never bothered with trackday insurance in 10 years of trackdays. It's cheaper to underwrite the risk yourself.

[mrmr96]

mattdaniels said:

Not teaching you to suck eggs here - but obviously you don't have to have insurance for the trackday. If you drive within your limits/the cars limits/the conditions limits then it is very unlikely your pride and joy will get damaged and car to car contact is extremely rare due to the overtaking rules. I've never bothered with trackday insurance in 10 years of trackdays. It's cheaper to underwrite the risk yourself.

I disagree. You can be the best driver in the world and some idiot can still run into you. There's no 3rd party liability on track meaning you can't claim off anyone else's insurance, even if they hit you. They don't even need to have insurance. I guess you could try to take them to court, but I wouldn't gamble the value of my car on winning.

I always buy insurance on events where I'm sharing the track with others. (Timed events against the clock on an airfield I don't, because it's just me and some cones as you go one at a time.)

[David W]

We just stacked a Caterham at Castle Combe - Quarry. Drivers foot slipped off the brake pedal whilst toeing and heeling and hit the accelerator pedal. Haven't had the estimate yet but I bet there isn't much change out of £2.5k.

[ricky s]

I took track day insurance out on my fist TD out, 2K access, and impact damage only to 20K, cost £100, expenscive, but peace of mind for me. In fact going myself again in October and will take the insurance again. I will investigate the road and track day insurance that has been raised here.

[J-P]

mrmr96 said:

...You can be the best driver in the world and some idiot can still run into you.

This is my worry - some gimp in a £500 mini deciding to do one up the inside and hitting me!

[Stubby Pete]

David W said:

We just stacked a Caterham at Castle Combe - Quarry. Drivers foot slipped off the brake pedal whilst toeing and heeling and hit the accelerator pedal. Haven't had the estimate yet but I bet there isn't much change out of £2.5k.

David, I've just sent you a PM.

[Stubby Pete]

J-P said:

mrmr96 said:

...You can be the best driver in the world and some idiot can still run into you.

This is my worry - some gimp in a £500 mini deciding to do one up the inside and hitting me!

If you're worried about being outbreaked by a £500 mini in an M3, I think your worries are unfounded!!

Seriously though, I've looked at track day insurance but with the large excesses applied a nudge from another car or a barrier would end up being paid for by me anyway. It would have to be a farily big ding for the cost to exceed the excess and premium. £2,000 will repair a lot of bodywork.

[J-P]

Stubby Pete said:

J-P said:

mrmr96 said:

...You can be the best driver in the world and some idiot can still run into you.

This is my worry - some gimp in a £500 mini deciding to do one up the inside and hitting me!

If you're worried about being outbreaked by a £500 mini in an M3, I think your worries are unfounded!!

Seriously though, I've looked at track day insurance but with the large excesses applied a nudge from another car or a barrier would end up being paid for by me anyway. It would have to be a farily big ding for the cost to exceed the excess and premium. £2,000 will repair a lot of bodywork.

That's a fair point actually - guess I need to think about it a bit more

[neil-f]

I have insurance with Hagerty and you pay 10% of premium to do a track day with 10% of the value of your car as the excess on track.

[mrmr96]

There are some road policies which include unlimited trackdays, but these tend to be for exotica. You can also get insurance through a specialist broker which covers road and then trackdays for £60 per event. Finally you can get totally stand alone track cover for between £100 and £200 per event. In all the above where I've had quotes the excess was 10% of the vehicle value.

[steveavxt]

Keep in mind if you get a road policy with trackday cover and stack it your road insurance will be more expensive for the next 3 years. Trackday insurance is independant so will repair your car without any effect on the road policy, should the worst happen.

TD insurance becomes cheaper the more days you have done. Moris charged me £70 for a day at Anglesey but then I have done 15+ trackdays without incident, plus my car is only worth £15K.

FYI - all drivers must pass on the left (on the inside)

Edited by steveavxt on Friday 25th September 10:06