Track days are becoming popular amongst many car enthusiasts searching for that exhilarating racing experience – to push their pride and joy above its usual legal limit is a big attraction. Of course when driving around a track at high speeds with a variety of other drivers poses potential risks. It is important to recognise the fact that a standard car insurance policy does not cover you for track use.
Track day insurance is a specialist policy that recognises the risks of your vehicle damaging another – thus offering the correct financial protection in the unlikely scenario of a collision. Despite popular belief, collisions on the track are generally very rare, as safety is carefully managed by race track companies. Most drivers, despite seeking a thrill from the experience, will drive safely because getting your vehicle out in one piece is the priority. This means that track day insurance is not as expensive as many perceive, with many aspects of a policy tailored to individual needs. Depending on what car you wish to use on the track you can expect a range of premium prices. You will generally note that these policies can come with a high excess, with more expensive cars having the higher premium values.
Many people to embark on track days do not bother with track day insurance. For many this doesn’t prove problematic as they go through the day without any collisions and remain un-plussed by an insurance premium. On the other hand those who do have a crash have to pay any expenses out of their own pockets, which can be very severe depending on the nature of the crash. To get complete peace of mind the best option is to get properly covered well in advance of your planned outing.
You may also find it beneficial to get an annual track day insurance policy for those of you who regularly take to the race track. This could save you both time and money in the long run, negating the need for you to contact your broker every time you wish to take your car for a spin on the track. Opposed to an annual policy, one off track day insurance is also available from many insurers.
So, if you are planning on embarking on a track day experience, or you are a regular race course go getter, contact an insurance broker to that understands track day insurance.