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Track day insurance

Discussion in 'Tracking & Driver Education' started by Alexcle, Jul 27, 2020.

  1. Alexcle

    Alexcle Karting
    Silver Subscribed

    Jan 2, 2018
    77
    Full Name:
    Alex D
    hello all,

    I just signed up for some track days and I looked at 1 day insurance for my f12. I was surprised it was 1400 just for one day. That is more than I expected.

    Where can I find better track day insurance and what do you guys do for track days.

    Last since it is front mid engine, how should you drive the f12 vs a mid engine?



    Thank you in advance for Any advice and alternatives.
     
  2. 3POINT8

    3POINT8 Formula 3

    Jan 23, 2014
    2,210
    that sounds about right. i got quoted about $1k for my 2012 458 so i am sure your car is worth more. my guy lets me take a lesser amount with a larger deductible. so i hedge my bets that way. Here is his contact information -


    PayneWest
    Insurance



    Garrett Hall
    Sales Executive, Personal Insurance

    ghall@paynewest.com
    P (971) 888-7411 | M (541) 324-0568
     
  3. Ianjoub

    Ianjoub Formula Junior

    Dec 22, 2019
    540
    Homosassa, FL USA
    Full Name:
    Ian Joubert
    Most auto policies cover you on track as a driver training exercise. If you aren't racing. you should qualify under driver education. Of course, check with your agent to be sure.
     
  4. c4b4the04

    c4b4the04 Karting

    Jun 9, 2017
    157
    Northern Virginia
    Full Name:
    Cassidy
    I had (most) of a 458 in my garage last spring. Owner went off at T10 VIR and sent the driver front axle 13mm backwards. Frame uprights were shattered. Car was effectively totaled within 45 seconds of leaving the paddock. Auto insurance does not necessarily cover, I would want it in writing if it is ‘covered’. As it was, the 458 in question sold at Copart for 125k, far more of a loss than the 1400 for the day.

    I’ve instructed with FCA for many years and only once have I seen a standard motor car policy cover damages. It was at a National meet and the driver had a Canadian policy. It did in fact cover it but was due to a collision caused by another student and not the driver error. My testimony backed that (I was in the right seat and grateful that it wasn’t a harder hit). I can think of three other supercars off tracks that have no coverage.

    I have a track dedicated car so I don’t worry about those fees. I’ve been instructing for many years and things happen. I’d highly recommend the policy.


    Sent from my iPhone using FerrariChat.com mobile app
     
  5. Alexcle

    Alexcle Karting
    Silver Subscribed

    Jan 2, 2018
    77
    Full Name:
    Alex D
    Thank you guys for all the resources.

    Your experience with seeing supercars crash seem to be a real reality check and Murphy’s law!

    This confirms the costs of racing-lol. I may go for the one year policy unlimited. But it is $10k
     
  6. Ron328

    Ron328 F1 Rookie
    Silver Subscribed

    Mar 10, 2003
    2,521
    Oregon
    Full Name:
    Ron
    They used to. HPDE nowadays is an exclusion and clearly stated in their policy.

    Btw, when I was given a quote for track insurance, I was told it only covers my car, ie., not other's car.
     
  7. BJK

    BJK Formula 3

    Jul 18, 2014
    1,180
    CT
    HPDE - High Performance Driver Education (for those not familiar) :)

    ".... it only covers my car, ie., not other's car." - because that would imply you were racing. :eek:
    .
     
    Ron328 likes this.
  8. mdrums

    mdrums Formula Junior

    Jun 11, 2006
    463
    Tampa
    Full Name:
    Mike
    There are clauses in all the carriers policies these days that does not cover you on a race track...racing or not. They use to back in the 90’s through 2000’s but with the large surge in HPDE events and participants the insurance companies got wise back around 2012 or so.
     
    Ianjoub likes this.
  9. willwork04

    willwork04 Formula 3
    Silver Subscribed

    Jun 25, 2012
    2,384
    Houston
    Full Name:
    Will
    I have annual policy with open track. Nice peace of mind and run the **** out of the car.
     
    mdrums likes this.
  10. Ianjoub

    Ianjoub Formula Junior

    Dec 22, 2019
    540
    Homosassa, FL USA
    Full Name:
    Ian Joubert
    State Farm: "any closed course designed for fast driving" was the gist of it.

    Being argumentative, I'll sue them if needed. The Firm isn't designed for fast driving. Daytona is designed for fast driving. I bet I would be hard pressed to get over 100 mph at The Firm.
     
  11. Alexcle

    Alexcle Karting
    Silver Subscribed

    Jan 2, 2018
    77
    Full Name:
    Alex D
    Thank you for all the feedback. I received a quote for annual. About $10k. I would need to go to the track more than 2 a month may- sept to get my moneys worth vs the single event which is 1200 I just received.


    Then I started thinking if I do that and plan on changing rotors and pads and few sets of tires. Now, I am probably 30k plus to track it.

    My conclusion and realization is. Racing a ferrari is not cheap! Lol.

    Hence people buy gt3’s for track, which is starting to sound reasonable.

    I will do the 1 day and try it first.
     

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