Hey there friend! If you’re anything like me, you love to take your car to a track day and push it to its limits. But have you ever thought about the cost of track day insurance? In this article, we’ll go over what track day insurance is, how it works, and most importantly, how much it costs. So buckle up and let’s dive into the world of track day insurance!
Track Day Insurance Cost: Protecting Your Investment
If you’re an avid track day enthusiast, you know that there’s nothing quite like the thrill of pushing your car to its limits on the track. However, along with the exhilaration comes a certain degree of risk. Even the most experienced drivers can make mistakes, and accidents do happen. That’s where track day insurance comes in, providing the protection you need to enjoy your hobby with peace of mind.
What is Track Day Insurance?
Track day insurance is a specialized type of insurance that’s designed specifically for track day events. Unlike traditional car insurance, which is designed to cover everyday driving on public roads, track day insurance provides coverage for high-speed driving on closed courses.
Why Do You Need Track Day Insurance?
Many drivers assume that their regular car insurance policy will protect them while they’re on the track, but this is usually not the case. Most car insurance policies specifically exclude coverage for high-speed events, including track days. That means if you’re involved in an accident on the track, you could be left footing the bill for the damages yourself.
How Much Does Track Day Insurance Cost?
The cost of track day insurance can vary depending on a number of factors, including the type of car you’re driving, the number of events you plan to attend, and the level of coverage you want. However, as a general rule, you can expect to pay anywhere from $150-$500 per day for track day insurance.
Factors That Affect Track Day Insurance Cost
There are several factors that can influence the cost of your track day insurance policy:
The Type of Car You’re Driving
The type of car you’re driving can have a big impact on your track day insurance rates. High-performance sports cars and exotic models are typically more expensive to insure than more mundane rides.
The Number of Events You Plan to Attend
The more events you plan to attend, the higher your overall insurance costs will be. Many insurance companies offer discounted rates for drivers who purchase coverage for multiple events.
The Level of Coverage You Want
Insurance policies with higher levels of coverage will naturally come with higher premiums. However, it’s important to make sure you have adequate coverage to protect your investment in case of an accident.
Where Can You Buy Track Day Insurance?
Finding a company that offers track day insurance can be a bit tricky, as not all insurance providers offer this type of coverage. However, there are several companies that specialize in track day insurance, including Lockton Motorsports and Hagerty.
Lockton Motorsports
Lockton Motorsports is one of the premier providers of track day insurance in the United States. They offer coverage for a wide range of events, including high-performance driving schools, autocross events, and open lapping days.
Hagerty
Hagerty is best known for their classic car insurance policies, but they also offer track day insurance for drivers. Their coverage is available for a variety of events, ranging from HPDE sessions to time trial races.
Conclusion
If you’re planning to participate in track day events, investing in track day insurance is a smart choice. While the cost may seem prohibitive at first glance, it’s important to remember that track day insurance provides valuable protection for your investment in your vehicle. By purchasing coverage from a reputable provider, you can enjoy your hobby with confidence and peace of mind.
