09/05/19 06:40

What Is Track Day Insurance?

Track day insurance is an accidental damage policy designed to cover your car in the event you have an accident on the circuit, or another participant causes damage to your car or motorcycle. Track day insurance applies to non-competitive events and has become a generic term to describe track activities from a parade lap and training days to track driving and public days at the Nürburgring.

What You Will Learn About Track Day Insurance:

What Does Track Day Insurance Cover?
Can I Get Track Day Insurance?
Do I Need Track Day Insurance?
How Much Does Track Day Insurance Cost?
How Is the Track Day Insurance Premium Calculated?
What Is the Best Track Day Insurance?

What Does Track Day Insurance Cover?

Track day insurance covers the costs for repairing your car or the market value of the car in case of a total loss. Track day insurance only covers damage to your car during non-competitive track day events.

Blue Mazda Car

 

Track day insurance covers you for accident damage if:

  • You damage your car or motorcycle when on a track day because you have run out of luck, lock or talent – or all three attributes
  • Another driver collides with you damaging your car or motorcycle – because they have run out of any one or combination of the above
  • Your car or motorcycle suffers mechanical breakdown (steering/suspension failure) pitching you unexpectedly into the local scenery resulting in accident damage to your car or bike

Track Day Insurance does not cover the items that break. This is not a mechanical warranty policy.

Track Day Insurance key exclusions are:

  • Third-party bodily injury or property damage
  • Competitive driving, including racing and time trials
  • Use on the road or public place
  • Cosmetic damage that is not a consequence of a direct and obvious impact. We want to handle claims for proper accidents – you know – the ones you can brag to your mates about and we can use for before/after photos
  • Internal damage to engine and gearbox/drivetrain caused by mechanical breakdown
  • Fire unless caused by impact on track day events
  • Transportation or recovery costs unless this option has been purchased
  • Use by persons not named on the policy

This is not a complete listing. Please read the Car Policy Wording or the Bike Policy Wording for further information.

Cars Under £40k
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Cars Over £40k & Multi Day
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Bikes Single/Multi Day
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Can I Get Track Day Insurance?

Yes, it is possible to get track day insurance in the UK. Taking part in track days puts your car or bike at risk. If something were to happen on a track day, your standard insurance will likely not cover you. Luckily, there are many specialised track day insurance providers that can cover you for accident damage when on a track day, but their ability to offer all the cover you may need can vary so it is worth taking time to understand there are differences in what can be provided.

MORIS.co.uk provides instant online track day insurance for cars under £40,000, and bikes. For cars over £40,000 and/or multi-day day cover – quotes are provided usually within the hour and can be paid for securely online. You can always request a quote if you are interested in track day insurance for your car or bike. It takes less than two minutes to complete the online application form.

Do I Need Track Day Insurance?

It is not a legal requirement to have track day insurance. However, it is always better to be safe than sorry. Driving on a track can be disorientating to the uninitiated. Speeds can be readily achieved, and the often wide open space of a track means that, just like a motorway, you do not appreciate how fast you really are going.

Circuits, unlike a motorway have challenging twists and turns and it is at these points one should recall the great Colin McRae who once said, "Straight roads are for fast cars, turns are for fast drivers". It is at these turns that you – and other drivers – might suddenly realise just how fast they have loomed up.

If you have a need for speed and attend car or bike track days, you should definitely consider track day insurance. It is a small price to pay for peace of mind. You might not be the problem – it is the others out there who might care less about your car/bike.

Motorcycle on Track

 

How Much Does Track Day Insurance Cost?

MORIS.co.uk track day insurance starts at £63 per day. Furthermore, MORIS.co.uk offers discounts up to 33% if you are buying more than a single day's cover. MORIS.co.uk allows you to insure up to 10 track days at once.

The MORIS.co.uk "Tell a Friend" programme is a simple way for you and your friend to save £5 on your next individual purchase over £100. You just have to let us know who your friend is. This will trigger an automatic promotional code that will be emailed to both you and your friend. You will need the code to reclaim your £5.

This is an example quote based on the assumption of a 40-year-old male, living in London, with no track day accidents or road convictions in the last 5 years. Cover is for a single track day at Silverstone. For all the three vehicles below the Year of Manufacture is 2015 and the Admin Fee (incl. tax) is £22.34.

TRACK DAY INSURANCE PRICES 2019 – EXAMPLE QUOTES
Make of
Vehicle
Model Market Value Excess Premium
(incl. tax)
Total Price
(incl. 12% tax)
Porsche Cayman GT4 £90,000 £4,750 £363.05 £385.39
Ford Fiesta ST2 £10,000 £750 £74.00 £96.34
Honda CBR650F £5,001-
£7,500
£750 £86.40 £108.74

The example quotes above are for the purchase of a single day's cover. However, keep in mind that MORIS.co.uk offers up to 33% discount for the purchase of multiple days' cover.

Cars Under £40k
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Cars Over £40k & Multi Day
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Bikes Single/Multi Day
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How Is the Track Day Insurance Premium Calculated?

Most track day insurance providers will calculate the premium as a percentage of the market value of the car or the motorcycle. There is a sliding scale with some generous discounts if more than one day is paid for in advance.

On top of that, insurance providers might also consider the following factors when calculating the premium:

Type of Circuit

Abingdon Airfield which is a track with large run-off area offers a safer proposition to the insurance providers than say the Nürburgring that has 170 corners, limited visibility, and almost zero run-off. Therefore, it will usually be more costly to insure your car on a circuit with limited run off – but you might be surprised at the circuits that we are wary of, it is not always the most obvious.

Age

Age is another factor that insurers consider when calculating the premium. MORIS.co.uk will provide discounts of up to 30% for drivers over 50. However, this will be closely looked into when fast expensive cars are taken onto the track.

Additional Drivers

If you think track days are more fun with your mates, think again. According to Justin Everitt from MORIS.co.uk, many of the claims are caused by additional drivers and none of the accidents are small. Therefore, sharing your car at the track can cost anywhere from an additional £25 to 20% load on premium as a minimum although often the excess might be increased for the additional driver.

High Value Cars

The track day insurance price for fast, expensive cars tends to be a little different. The basic cost for insuring a £100,000 car varies from £450 to £950 per day. The rates are not discounted by the insurers in the same way because a £100,000 loss would wipe out all the premium gained from the lower value cars. The "exposure" carries a load on the insurer's premium. The type of circuit, age of the driver, and additional drivers also have an impact on the price.

Your Excess

As a rule of thumb, the excess is between 4% and 7.5% of the market value of the car or bike. MORIS.co.uk uniquely provides an option to insure the policy excess for cars under £40,000.

Supercar on Track

 

What Is the Best Track Day Insurance?

There are many track day insurance providers in the UK so it may pay to shop around to find the best track day insurance for you.

MORIS.co.uk was the first and remains the foremost brand to provide on-line track day insurance for cars and motorcycles so it might be worthwhile taking a couple of minutes to complete our online forms for a quotation. The payment can be made online via a secure third party and your policy will be emailed to you instantly.

At MORIS.co.uk, we continuously strive to provide a combination of value and convenience for our customers. Our reviews speak for themselves. Don't believe us? Request a quote and see for yourself.

Cars Under £40k
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Cars Over £40k & Multi Day
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Bikes Single/Multi Day
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