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HPDE Track Insurance

 
Old 05-09-2019, 04:42 AM
  #1  
TrackLizard
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Default HPDE Track Insurance

I'm new to this and getting ready for my first 2 HPDE track days. I have a 2018 Grand Sport. Lockton Affinity Insurance wants $422. for a two day policy for covering me. This seems way too much for me. What is everybody else doing about insurance? Do you even get it? Or is it a waste of money since this type of racing won't usually end in a catastrophic collision?
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Old 05-09-2019, 07:03 AM
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Mu$cle
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Try RLI Track Day Insurance https://www.rlicorp.com/hpde-insurance. I believe RLI is also the underwriter for Hagerty HPDE insurance. RLI used to be the underwriter for Lockton.
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Old 05-09-2019, 08:42 AM
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MX621
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That pricing sounds about right, based on quotes Iíve gotten recently, lockton was a tad cheaper then RLI. Track ins sucks, but totally worth it.
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Old 05-09-2019, 11:30 AM
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I have found decent pricing at Open Track as stated below. I bought my last policy from them and it was more cost effective than the other options.

Last edited by Racingswh; 05-09-2019 at 12:52 PM.
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Old 05-09-2019, 12:16 PM
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fatsport
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I have an annual policy from OpenTrack. They sell individual events too. Very reasonable pricing.
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Old 05-09-2019, 12:38 PM
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Originally Posted by fatsport View Post
I have an annual policy from OpenTrack. They sell individual events too. Very reasonable pricing.

LOL That's what I meant. Thanks. More cost effective than the other's I have found.
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Old 05-09-2019, 01:08 PM
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KEZ06
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Originally Posted by Mu$cle
Try RLI Track Day Insurance https://www.rlicorp.com/hpde-insurance. I believe RLI is also the underwriter for Hagerty HPDE insurance. RLI used to be the underwriter for Lockton.
I used then last year it was 500 for 2 days.
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Old 05-09-2019, 04:24 PM
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blkbrd69
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Originally Posted by TrackLizard View Post
I'm new to this and getting ready for my first 2 HPDE track days. I have a 2018 Grand Sport. Lockton Affinity Insurance wants $422. for a two day policy for covering me. This seems way too much for me. What is everybody else doing about insurance? Do you even get it? Or is it a waste of money since this type of racing won't usually end in a catastrophic collision?
With the C7 GS they finally got it right.

Price is normal for that amount of coverage.

Its a sick sick expensive hobby, that is just the beginning of costs.

Its not racing, but people make mistakes and equipment fails at speed.

Last edited by blkbrd69; 05-09-2019 at 04:24 PM.
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Old 05-09-2019, 06:01 PM
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C5 Hardtop
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From 19898-2003 State Farm insured me with the stipulation that I couldn't be timed and wasn't racing. After that, I drove uninsured. If you drive 8/10ths of the limit, you will be fine. When/if you go with clubs for a 2+ dayer, don't drive on track with those who pulled out the gas powered blender in the paddocks the night before. Serious. Another big hitter is to go with clubs/companies that do track inspections. There is nothing like someone having a coolant or oil line failure right in front of you or flip because they drank too much. Be mindful, get training, find a mentor and you won't need to pay those prices for insurance just to have fun lapping on the track.
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Old 05-09-2019, 06:08 PM
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*tech inspections is that I meant, although track inspections wouldn't hurt Go with clubs/companies that are serious about saftey. You can tell by how they manage the track. There is a gate keeper that only lets the correct run group on the track, they are serious about your car being in good shape, you have safety equipment and there is a diverse set of run groups (usually 3-4 groups from beginner to advanced/race drivers).
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Old 05-09-2019, 06:23 PM
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For the record, the insurance doesnt seem to go down. Track insurance on my 91 MR2 (N/A VIN car, so value is technically lower than an OE Turbo car) is $200/day

Thats all I can add to this conversation lol.
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Old 05-09-2019, 07:15 PM
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Originally Posted by C5 Hardtop View Post
From 19898-2003 State Farm insured me with the stipulation that I couldn't be timed and wasn't racing. After that, I drove uninsured. If you drive 8/10ths of the limit, you will be fine. When/if you go with clubs for a 2+ dayer, don't drive on track with those who pulled out the gas powered blender in the paddocks the night before. Serious. Another big hitter is to go with clubs/companies that do track inspections. There is nothing like someone having a coolant or oil line failure right in front of you or flip because they drank too much. Be mindful, get training, find a mentor and you won't need to pay those prices for insurance just to have fun lapping on the track.
My only big accident in 10+ years of doing this was when I was going 7/10ths. If you can't afford to push it off a cliff and walk away then I wouldn't take it to the track without track insurance. Yes, it's expensive and the deductibles are huge but think about what that means to the risk they are trying to amortize.
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Old 05-09-2019, 07:30 PM
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[QUOTE=Poor-sha;1599374331] If you can't afford to push it off a cliff and walk away then I wouldn't take it to the track without track insurance. Yes, it's expensive and the deductibles are huge but think about what that means to the risk they are trying to amortize.[/QUOTE


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Old 05-09-2019, 07:32 PM
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C5 Hardtop
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Originally Posted by Poor-sha View Post
My only big accident in 10+ years of doing this was when I was going 7/10ths. If you can't afford to push it off a cliff and walk away then I wouldn't take it to the track without track insurance. Yes, it's expensive and the deductibles are huge but think about what that means to the risk they are trying to amortize.
Sorry to hear that. What was the cause of the accident?
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Old 05-09-2019, 07:54 PM
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Bill Dearborn
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Originally Posted by arthursc2 View Post
For the record, the insurance doesnt seem to go down. Track insurance on my 91 MR2 (N/A VIN car, so value is technically lower than an OE Turbo car) is $200/day

Thats all I can add to this conversation lol.
The cost is related more to the value you assign the car Vs what the car is. Insure for less money and the cost is lower. There is a balancing act that has to be played as well. Assume you insure the car for $70K, are you more likely to total the car or are you more likely to be facing a $15K repair bill and be on the hook for $7K of the bill due to the 10% deductible. Insuring the car for $60K reduces the deductible to $6K. Of course if you end up totaling the car you will end up further in the hole. Decisions, decisions.

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Old 05-09-2019, 08:19 PM
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Opentrack annual policy has a 5% deductible. Hope I never need it, but the peace of mind makes it well worth it.
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Old 05-09-2019, 08:29 PM
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MX621
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All the tracking Iíve done, two weeks ago I got my first track ins policy for my new to me 2014 z/28. I tracked my c5 zo6 many times, never got it. Maybe it was stupid, but I never had a problem on track. Wasnít willing to gamble with the Z/28. Iím sure
glad I have another/ cheap track car. Cause Iíd go broke having to buy ins every track day. Lol.

ps: no longer a vette owner, Hopefully Iím not kicked out, I just needed 4 seats. Lol. Still and always will be a vette fan.

Last edited by MX621; 05-09-2019 at 08:31 PM.
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Old 05-09-2019, 09:16 PM
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Originally Posted by C5 Hardtop View Post
Sorry to hear that. What was the cause of the accident?
I broke it all down here:
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Old 05-10-2019, 04:34 AM
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Thanks, everybody, for all the comments and input. I've learned a lot just by the remarks you guys have left. I welcome more input if it's out there, but it sounds to me like (at least at first) I should bite the bullet and be insured. Blkbrd69 said it best "it's a sick sick expensive hobby, and that's just the beginning..." I thought I was going to be able to retire from my day job and go racing, but it's looking like I may have to keep my day job just to be able to keep racing. At least until that inheritance comes through....
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Old 05-10-2019, 04:36 AM
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And thanks, Poor-sha, for your detailed breakdown on your calamity. I learned a lot by watching it.
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