Trackday Insurance
Discussion
So I have a clio 182 I track which I wouldnt bother insuring at this point.
However I have just made the illogical decision of changing my daily (the car that I am NOT meant to be tracking) to a Liquid Yellow Megane RS 275 Trophy (with a few bits so it is 305hp and 350lbft).
so at some point I am sure I will end up caving and taking it on track but I would want to insure it at that point if the cost isnt too bad. Does anyone have any pointers of places to go to get insurance.
I have heard of policies that allow a set number of track days per year - is that truth or fiction?
Cheers
However I have just made the illogical decision of changing my daily (the car that I am NOT meant to be tracking) to a Liquid Yellow Megane RS 275 Trophy (with a few bits so it is 305hp and 350lbft).
so at some point I am sure I will end up caving and taking it on track but I would want to insure it at that point if the cost isnt too bad. Does anyone have any pointers of places to go to get insurance.
I have heard of policies that allow a set number of track days per year - is that truth or fiction?
Cheers
Z4MCSL said:
I have heard of policies that allow a set number of track days per year - is that truth or fiction?
Yes, they do alas when you read the small print, an insurance claim is an insurance claim, so expect to be loaded on the road after a track off.Better to keep them separate if you can find one that doesn't.
I use A-Plan for my vehicles and they give you the option of purchasing a pack of 5 track days when you buy their road insurance. It tends to work out approx £50 per track day and you just contact them before each track day to tell them where you are going to. You can buy further batches once you have run out for the same price and I find them very helpful and easy to deal with.
Mutton said:
I use A-Plan for my vehicles and they give you the option of purchasing a pack of 5 track days when you buy their road insurance. It tends to work out approx £50 per track day and you just contact them before each track day to tell them where you are going to. You can buy further batches once you have run out for the same price and I find them very helpful and easy to deal with.
^^^ This, A-plan are excellent.Be aware though, they don't cover Castle Combe, not many insurers do. If that's somewhere you want to go regularly you'd be better off elsewhere.
Moris....... because they do what the say and any claim on track will not affect your road policy because it's a private contract for use on private land.
Most people go for the combined policies because they are cheap, but as somebody else has already said, "a claim is a claim", and it can catch people out.
Most people go for the combined policies because they are cheap, but as somebody else has already said, "a claim is a claim", and it can catch people out.
ecain63 said:
Moris....... because they do what the say and any claim on track will not affect your road policy because it's a private contract for use on private land.
Most people go for the combined policies because they are cheap, but as somebody else has already said, "a claim is a claim", and it can catch people out.
Eddie,Most people go for the combined policies because they are cheap, but as somebody else has already said, "a claim is a claim", and it can catch people out.
Is this what you personally do?
i.e. Do you get insurance through Moris for each individual track day? Can you get a bulk discount type package? Are you able to give a rough indication of cost?
Grosscmg said:
Sorry to hi-jack this thread..
I've just had a quote from Morris for my GT3 for 5 track days @ £2,800 (£109k Value)
Seems steep?
Not really. They work on about £10 premium per £1000 covered.I've just had a quote from Morris for my GT3 for 5 track days @ £2,800 (£109k Value)
Seems steep?
So my cheap Z4MC worth £15k is £150/day - although I get a discount if I book a multi-day event...not multiple events throughout the year though - so 3 days at the 'Ring is £250 instead of £450.
Excess is usually 10% of the value (£1500 in my case).
If you are insuring £109k then I assume your single day's cover would have been £1000 with a £10k excess? So a 2.8x multiplier for 5x days doesn't seem terrible.
When I last looked (pre-COVID) you could also insure a percentage of the value if you wanted a cheaper premium, so £50k of cover would probably be half the price of £100k of cover.
The one-off cover seems very expensive compared to a road policy with track days included.
My Exige 410 is insured through Classic Line. The yearly mileage limit is 5000 miles, and cover is included for 6 track days.
Now I can't remember the exact cost of the policy (I can check later if anybody is interested) but I'm pretty sure it was less than £1000.
If you assume that a normal road policy for that car would be £400 - £500, then the track day cover is less than £100 per day.
I take on board Eddies comment that a track accident would potentially need to be declared for future road policies. However, would the increase in cost for future policies be more than you've already saved? I don't know the answer (I'm just thinking out loud), but you could probably get an idea of you played around on the comparison sites.
My Exige 410 is insured through Classic Line. The yearly mileage limit is 5000 miles, and cover is included for 6 track days.
Now I can't remember the exact cost of the policy (I can check later if anybody is interested) but I'm pretty sure it was less than £1000.
If you assume that a normal road policy for that car would be £400 - £500, then the track day cover is less than £100 per day.
I take on board Eddies comment that a track accident would potentially need to be declared for future road policies. However, would the increase in cost for future policies be more than you've already saved? I don't know the answer (I'm just thinking out loud), but you could probably get an idea of you played around on the comparison sites.
Paul_M3 said:
The one-off cover seems very expensive compared to a road policy with track days included.
My Exige 410 is insured through Classic Line. The yearly mileage limit is 5000 miles, and cover is included for 6 track days.
Now I can't remember the exact cost of the policy (I can check later if anybody is interested) but I'm pretty sure it was less than £1000.
If you assume that a normal road policy for that car would be £400 - £500, then the track day cover is less than £100 per day.
I take on board Eddies comment that a track accident would potentially need to be declared for future road policies. However, would the increase in cost for future policies be more than you've already saved? I don't know the answer (I'm just thinking out loud), but you could probably get an idea of you played around on the comparison sites.
I tried all the 'trackday inclusive' insurers and they wouldn't touch me/my car with my risk profile (parked on the street in Liverpool, 3-5 'Ring trips, 3-5 UK track days, 25,000 miles, business class 1 + SDPC).My Exige 410 is insured through Classic Line. The yearly mileage limit is 5000 miles, and cover is included for 6 track days.
Now I can't remember the exact cost of the policy (I can check later if anybody is interested) but I'm pretty sure it was less than £1000.
If you assume that a normal road policy for that car would be £400 - £500, then the track day cover is less than £100 per day.
I take on board Eddies comment that a track accident would potentially need to be declared for future road policies. However, would the increase in cost for future policies be more than you've already saved? I don't know the answer (I'm just thinking out loud), but you could probably get an idea of you played around on the comparison sites.
mmm-five said:
I tried all the 'trackday inclusive' insurers and they wouldn't touch me/my car with my risk profile (parked on the street in Liverpool, 3-5 'Ring trips, 3-5 UK track days, 25,000 miles, business class 1 + SDPC).
I had a similar issue (modified vehicle which is my first RWD car, owned for under 2 years, Ring trips, 6-10 Trackdays, business use, 25k a year and a notifiable health condition) so gave up and used MORIS instead.Thankfully I've not had to claim but have always received good, if slightly slow service (during the pandemic) when sorting out the cancellation of a track day which changing COVID regs caused to be cancelled.
i'm happy to have it separated from my road policy, especially as a claim on track would likely further reduce the pool of insurers who will accept my circumstances, required usage and vehicle.
I think in those cases it may have been the high mileage limits causing a big part of the issue.
When I got quotes on my previous cars, they were daily drivers. When I said to the specialists I needed 12,0000 miles a year they said that they expected to either struggle to get cover, or that the quotes would be very high. This didn't always turn out to be the case, and I think my good postcode etc compensated sufficiently to keep the quotes reasonable.
When I got quotes on my previous cars, they were daily drivers. When I said to the specialists I needed 12,0000 miles a year they said that they expected to either struggle to get cover, or that the quotes would be very high. This didn't always turn out to be the case, and I think my good postcode etc compensated sufficiently to keep the quotes reasonable.
Grosscmg said:
Just had a price form Classic line-
£1,232 year. Then £56 per track day (Excess 10% of car value)
Yeah, that's not quite as good as I was expecting.£1,232 year. Then £56 per track day (Excess 10% of car value)
I've just checked mine, and it was £811 for the year. (as stated; with 5000 mile limit and 6 track days included)
From the things said in this thread I think I got quite a good deal.
Paul_M3 said:
Eddie,
Is this what you personally do?
i.e. Do you get insurance through Moris for each individual track day? Can you get a bulk discount type package? Are you able to give a rough indication of cost?
I buy a block of 10 dates. £1000 this year for me with £70k cover and £3500 excess. It comes down with every year of claim free driving. Was circa £1600 equivalent the first year at £75k. Individual days were around £300-350 depending on the circuit. Is this what you personally do?
i.e. Do you get insurance through Moris for each individual track day? Can you get a bulk discount type package? Are you able to give a rough indication of cost?
The chap above with the GT3, what track experience do you have? This makes a big difference. Also, have you tried to get a quote for maybe 10 days to see if there's much between 5 and 10? I'm paying the same for 10 days this year as I did for 6 last year. Also, your car value is £40k more than mine so you can expect a good bit of a jump over my £70k car.
Moris don't do the 10% excess thing. You'd have a lower excess, most likely £5k/£6k approx?
ecain63 said:
I buy a block of 10 dates. £1000 this year for me with £70k cover and £3500 excess. It comes down with every year of claim free driving. Was circa £1600 equivalent the first year at £75k. Individual days were around £300-350 depending on the circuit.
Yeah, £1000 for 10 days seems pretty good value, especially with the lower excess. I'd love to be one of those people who just takes the risk of no insurance. The chance of an accident is relatively low. And the chance of one causing enough damage to justify claiming on insurance is even less. But....it only takes that 1 in 1000 accident and I'd be crying myself to sleep for the next year.
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