Trackday Insurance

Author
Discussion

rhodie

Original Poster:

107 posts

259 months

Wednesday 4th May 2005
quotequote all
I needed to renew my policy but found the wording had changed to not include trackdays. I want a combined policy, but have had no luck in finding one. I have been quoted £200/day for £25k in a seperate policy. Are trackdays going to be a thing of the past now?

HH

Don

28,377 posts

291 months

Wednesday 4th May 2005
quotequote all
www.morispayment.co.uk/trackday.asp

Worth trying these guys?

Has anyone else used 'em? They advertise in Circuit Driver.

Incorrigible

13,668 posts

268 months

Wednesday 4th May 2005
quotequote all
Eggar lawson do individual day policies for track test and race days

As these people have to make money, the logical choice is not to have any IMHO (excesses tend to be quite high too)

Incorrigible

13,668 posts

268 months

Wednesday 4th May 2005
quotequote all
And far from being a thing of the past, I think more people will run a track specific car and forgoe the insurance

What are you running BTW

rhodie

Original Poster:

107 posts

259 months

Wednesday 4th May 2005
quotequote all
Thanks, but tried both, the quote above is from them. By the time you have paid £250 for the trackday, plus £200 insurance, tyres and pads, it's becomming prohibitive. Will have to consider a track based car and forego insurance or give the whole thing a miss. I'm really pissed off.

Don

28,377 posts

291 months

Thursday 5th May 2005
quotequote all
The alternative is rental.

No need to run and have the depreciation of a track car yourself - just rent the car when you want to. Jonny at Bookatrack offers an excellent service with Caterhams. If you look at £250 for the Track Day, then £200 insurance and £100 contribution to wear and tear then it makes a rental/track day package from Jonny look like a good deal.

I track my car because I want to - not because it makes financial sense!

Incorrigible's solution is, of course, the cheapest, and best, given you are going to do enough days to make it worthwhile...

And this year, of course, Ben certainly will be! Good luck in the Academy, Ben.

Incorrigible

13,668 posts

268 months

Thursday 5th May 2005
quotequote all
Don said:
And this year, of course, Ben certainly will be! Good luck in the Academy, Ben.
Thanks Don, next event at Goodwood, 4th June

fergus

6,430 posts

282 months

Thursday 5th May 2005
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*some* NU policies offer fully comp track cover for a nominal charge. My 911 is covered for £79 per event. Includes Spa, etc, but not the 'Ring....

sdd

347 posts

289 months

Thursday 5th May 2005
quotequote all
Insurance is one of the reasons some of our members have joined track-club. When we've asked 'what made you want to join' a common theme was either lack of space to store a dedicated track car or the insurance costs of insuring a car that you rely on for everyday use.

I know people that pay up to £300 a day to insure stuff like M3's, Exiges etc which just doesn't work out good value for money. There is invariably an excess of several thousand pounds and I know of someone who made a claim and then was refused any future cover.

I don't want to turn this into a plug but our car hire can cost less than £170 a day and includes insurance (£1000 excess), it works out less if you do it with a friend and less if you go for more days. This excludes the track fee.

Likewise Jonny at BookaTrack will do you a deal on the track day AND the car hire for less than £500 in the off peak season.

When you add up the real costs and risk of doing track days in your own car they don't add up but like Don says most people track their own because they want to. I used to combine both, I'd do a few days in my M3, a few days in the Elise and a few days in BookaTrack's Caterhams but I never used to insure, if I'd had to or wanted to then it would be hire cars every time.

Stephen
info@track-club.com
www.track-club.com

rhodie

Original Poster:

107 posts

259 months

Thursday 5th May 2005
quotequote all
I understand the advantages for hiring a car for the day, and appreciate your comments; however for the last few years I have enjoyed using my two door saloon on track learning a great deal in the process. I think you would agree this also contributes to being a better driver on public roads.

For very specific reasons the only tracks I am able to use are Goodwood and Castle Coombe. I'm well aware that tracking your own car does not make financial sense. The insurance company I was insured with withdrew the benefit and increased the premium considerably despite having no claims and being an old fart. I have found insurance at practically half the cost but does not include trackdays. All I want is an all encompassing policy which obviously would be more expensive but not £200/trackday. You have to be law abiding on the public roads, and now the privilege of using your car on track is being eroded. Sorry but still pissed off.

sdd

347 posts

289 months

Thursday 5th May 2005
quotequote all
Unfortunately Goodwood and Castle Combe are not tracks that are favoured by insurers, our premiums are automatically increased by 25% for those two tracks (Cadwell and Outlon likewise).

Stephen