Track Insurance
Aug 24, 2020, 11:30 AM
#1
Track Insurance
Who's getting it, where, how much?
Obviously I put my car in a tirewall last October, and I've been to a few track days since without issue or incident, but it's something I'm contemplating more and more.
I'm going to Road America in a few weeks and Gingerman after that, all time attack events. Road America is the one that worries me, curious how much it typically runs folks there?
Obviously I put my car in a tirewall last October, and I've been to a few track days since without issue or incident, but it's something I'm contemplating more and more.
I'm going to Road America in a few weeks and Gingerman after that, all time attack events. Road America is the one that worries me, curious how much it typically runs folks there?
Aug 24, 2020, 11:34 AM
#2
They almost all use the same provider.
Back when I actually had a working Evo, I used Hagerty. https://www.hagerty.com/Insurance/Track-Day-Insurance
Coverage cost depends on worth.
To insure my Evo at $50k, it was $274/event.
That is with a 10% deductible.
Back when I actually had a working Evo, I used Hagerty. https://www.hagerty.com/Insurance/Track-Day-Insurance
Coverage cost depends on worth.
To insure my Evo at $50k, it was $274/event.
That is with a 10% deductible.
The following users liked this post:
kyoo (Aug 24, 2020)
Aug 24, 2020, 12:17 PM
#4
EvoM Guru
iTrader: (1)
I quote from RLI and Hagerty and go with whoever is cheaper.
Aug 24, 2020, 01:26 PM
#7
how do u guys come up with the numbers for value?
ie, my evo 9 mr has 45k miles.. selling it stock/base is gonna be like 30k, and figure 10k in mods. that good enough? ie, could i argue the car should be 25k? who makes the final determination?
or ultimately, they agree what they're going to pay out, ie a total of 25 +10, so if the car does get totaled, it's 35 instead of 40?
ie, my evo 9 mr has 45k miles.. selling it stock/base is gonna be like 30k, and figure 10k in mods. that good enough? ie, could i argue the car should be 25k? who makes the final determination?
or ultimately, they agree what they're going to pay out, ie a total of 25 +10, so if the car does get totaled, it's 35 instead of 40?
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Aug 24, 2020, 01:53 PM
#8
how do u guys come up with the numbers for value?
ie, my evo 9 mr has 45k miles.. selling it stock/base is gonna be like 30k, and figure 10k in mods. that good enough? ie, could i argue the car should be 25k? who makes the final determination?
or ultimately, they agree what they're going to pay out, ie a total of 25 +10, so if the car does get totaled, it's 35 instead of 40?
ie, my evo 9 mr has 45k miles.. selling it stock/base is gonna be like 30k, and figure 10k in mods. that good enough? ie, could i argue the car should be 25k? who makes the final determination?
or ultimately, they agree what they're going to pay out, ie a total of 25 +10, so if the car does get totaled, it's 35 instead of 40?
Sep 2, 2020, 08:06 AM
#12
EvoM Guru
iTrader: (1)
So, is it just me or did this pricing suddenly go through the roof?
Just quoted a single day policy for Laguna Seca on 9/19 and i "made" my car's value $45k, and its $406. I though maybe Laguna was making it pricey, so i ran the quote for Willow Springs, and it went up to $426.
This is for NO time trials.
Edit- I figured it out. If you make the "base price" $45,000, its only $257. If you make the base $25k and add $20k in mods, it's suddenly $406 for the same dollar amount policy. I'm going to call and ask wtf.
Just quoted a single day policy for Laguna Seca on 9/19 and i "made" my car's value $45k, and its $406. I though maybe Laguna was making it pricey, so i ran the quote for Willow Springs, and it went up to $426.
This is for NO time trials.
Edit- I figured it out. If you make the "base price" $45,000, its only $257. If you make the base $25k and add $20k in mods, it's suddenly $406 for the same dollar amount policy. I'm going to call and ask wtf.
Last edited by letsgetthisdone; Sep 2, 2020 at 08:12 AM.
Sep 2, 2020, 08:12 AM
#13
So, is it just me or did this pricing suddenly go through the roof?
Just quoted a single day policy for Laguna Seca on 9/19 and i "made" my car's value $45k, and its $406. I though maybe Laguna was making it pricey, so i ran the quote for Willow Springs, and it went up to $426.
This is for NO time trials.
Just quoted a single day policy for Laguna Seca on 9/19 and i "made" my car's value $45k, and its $406. I though maybe Laguna was making it pricey, so i ran the quote for Willow Springs, and it went up to $426.
This is for NO time trials.
Sep 2, 2020, 08:13 AM
#14
EvoM Guru
iTrader: (1)
So, is it just me or did this pricing suddenly go through the roof?
Just quoted a single day policy for Laguna Seca on 9/19 and i "made" my car's value $45k, and its $406. I though maybe Laguna was making it pricey, so i ran the quote for Willow Springs, and it went up to $426.
This is for NO time trials.
Edit- I figured it out. If you make the "base price" $45,000, its only $257. If you make the base $25k and add $20k in mods, it's suddenly $406 for the same dollar amount policy. I'm going to call and ask wtf.
Just quoted a single day policy for Laguna Seca on 9/19 and i "made" my car's value $45k, and its $406. I though maybe Laguna was making it pricey, so i ran the quote for Willow Springs, and it went up to $426.
This is for NO time trials.
Edit- I figured it out. If you make the "base price" $45,000, its only $257. If you make the base $25k and add $20k in mods, it's suddenly $406 for the same dollar amount policy. I'm going to call and ask wtf.
See edit.
Sep 2, 2020, 08:15 AM
#15
EvoM Community Team Leader
I'm guessing their algorithm figures a $45k stock car is a lot less likely to crash and burn than a $25k car with $20k worth of mods. It's all about calculating risks. Interested to see what they say though.