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?

 

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.

 

ahh the one who bought MSR and spams everyone with their product

 

I quote from RLI and Hagerty and go with whoever is cheaper.

 

system was exactly the same, as were the numbers. interesting.

coverage for time trials = coverage for time attack as well, i assume? just semantics right?

 

Hagerty uses RLI.

 

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?

 

Pretty sure you will need to show all receipts for any modifications you list, and yes it's "agreed-upon limit" value. You will have to prove the worth.

 

receipts??? jeez

 

Just did 2 days at Laguna with my Golf R valued at $36,000 with mods for $241 (10% deductible) through RLI/Hagerty. Was such an easy process I don't know why I haven't done it before :P

 

Probably depends on the severity of the damage. I know when my old Sportback RA that I sold burned to the ground, the insurance adjuster called me to see if I had any receipts for some items the new owner was claiming.

 

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.

 

i just ran road america again, and it's the same. that reminds me, i should go ahead and get coverages...

 

See edit.

 

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.