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03-01-2018, 10:18 PM
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#1 |
 
Drives: '17 Camaro SS 1LE Join Date: Sep 2015
Location: Charlotte, NC
Posts: 335
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Track Insurance
For those of us who track our cars, do you opt to get Track insurance or take your chances to go without it? I went without it on my first track day but now debating whether or not I should or shouldn’t get it. Thoughts, comments, concerns?
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03-01-2018, 10:34 PM
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#2 |
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2018 1LE, NASA Instructor
Drives: 2018 Camaro SS 1LE Join Date: Jan 2018
Location: New England
Posts: 235
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I have been taking track insurance for 8 years. Never had an incident.
Of course, I can now never stop doing it. We all know that the one time I don't have insurance, an incident will happen. I think it is worth it for the peace of mind. One of the reasons I sold the Corvette and bought the 1LE was to reduce the track insurance rate from ˜$400 to ˜$250/event. |
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03-02-2018, 03:52 AM
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#3 |
 
Drives: 2017 SS 1LE Join Date: Mar 2017
Location: Florida
Posts: 617
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I do, both the car and Liability. If your older and have assets (big 401K, house equity, etc) good idea. Father was CEO of two insurance companies and explained why. I use Carol at ontrackinsurance.com. $500 for five events.
Tim |
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03-02-2018, 06:49 AM
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#4 |
    
Drives: 2023 CT5 Blackwing Join Date: Sep 2016
Location: Orlando
Posts: 1,619
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I never do an event without it.
I used to use lockton, but last year switched to RLI. https://www.rlicorp.com/track-day
__________________
2017 HBM SS 1LE
Sold 2023 Wave Metallic CT5-V Blackwing M6 |
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03-02-2018, 07:52 AM
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#5 |
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Drives: '17 Camaro SS 1LE Join Date: Sep 2015
Location: Charlotte, NC
Posts: 335
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I’m doing Track Night In America, the one they offer is $2xx for the night so wasn’t sure if there was other options out there, or ones that are better
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03-02-2018, 08:35 AM
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#6 |
 Drives: 17 SW 1LE Join Date: Jun 2017
Location: ROCKVILLE MD
Posts: 290
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I always take insurance, the rates will be different from track to track.
If you are worried about cost let me throw some numbers at you. $40k policy 10% deductible, Summit Point Raceway Lockton quotes me $240 per day, from what I have heard Lockton is underwritten by RLI. RLI quotes me $275 per event.... up to 3 days. Ontrack quoted me $675 for 3 events... Seeing the trend? The more you buy the cheaper it is and that goes for track time too, if you look at single day vs 2 day events there is an enormous savings there too. |
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03-02-2018, 10:15 AM
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#7 |
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Drives: '17 Camaro SS 1LE Join Date: Sep 2015
Location: Charlotte, NC
Posts: 335
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RLI threw $175 at me for Charlotte Motor Speedway over three days which isn’t bad
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03-02-2018, 10:33 AM
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#8 | |
Drives: E46 S54 race car, 964C2 Join Date: Feb 2017
Location: Southern Indiana
Posts: 912
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Quote:
No, Lockton quoted you $240 for the event. No carrier currently offers a by the day rate (I just verified this with Bri @ Lockton). This has been a complaint of mine for a long time, insurers charge the same for a 1 day event as a 3 day event, makes no sense to me. I use RLI as well. Yes, packages defintiely save $. |
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03-02-2018, 10:54 AM
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#9 | |
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Drives: 17 SW 1LE Join Date: Jun 2017
Location: ROCKVILLE MD
Posts: 290
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I told my friend that I only do weekend events because of the insurance costs, he told me Lockton does single day insurance. I didn't believe him so I went to their website to check, I was indeed able to get all the way to check out selecting 2 individual days of the same event. I have a picture on my phone somewhere from where I sent it back to my friend laughing at him. Maybe this is just a result of a dysfunctional website and what you are saying is true but I have proof showing individual dates of the same weekend.
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03-02-2018, 01:07 PM
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#10 |
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RLI's website quoted me $209 for 1, 2 or 3 days at COTA based on a $38,000 value and 10% deductible
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03-02-2018, 01:12 PM
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#11 |
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So are they just doing actual value, or agreed upon value where you can up it to replacement cost?
__________________
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'17 Camaro SS Coupe Red Hot |1LE|PDR| 3/24/17 Ordered 3/31/17 3000 Status TPW 5/1 4/24/17 3400 Status TPW 5/1 5/03/17 4200 Status Built!!! 5/05/17 4300 Status 5/15/17 4B00 Status 5/17/17 5000 Status 5/19/17 6000 Status |
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03-02-2018, 01:21 PM
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#12 |
      
Drives: 2016 1ss camaro Join Date: Feb 2016
Location: 909
Posts: 9,817
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lol track insurance? never heard of it
__________________
 16 1SS NIGHTFALL GRAY METALLIC WITH NPP #BECAUSERACECAR #SAVETHEMANUALS |
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03-02-2018, 01:37 PM
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#13 |
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Drives: 2017 2ss, m6 Join Date: Jan 2017
Location: Iowa
Posts: 231
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Never used it myself but the track I run at has a good base of regulars that don't get stupid. Some of the videos I see on here would have me pulling off track and leaving...to each their own lol
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03-02-2018, 01:49 PM
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#14 | |
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Drives: 17 SW 1LE Join Date: Jun 2017
Location: ROCKVILLE MD
Posts: 290
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That's a good rate, I wish I could get rated that low for a single day, Summit is famous for their deer strikes. YouTube Summit Point deer sometime.
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