- TRACK DAY
- COMPETITIVE MOTORSPORT
The ABCs of Track Day Insurance
09/05/19 06:40
Best Track Day Insurance
Track day insurance is a specialist collision damage policy intended to cover your car / bike in the event you have an accident on a racetrack, or another participant damages your car or motorcycle.
What You Will Learn About Track Day Insurance:
What Is Covered by Track Day Insurance?
Track day insurance covers the costs for repairing your vehicle or the market value of the vehicle in case of a total loss. Track day insurance only covers damage to your machine during non-competitive track day events.
Track day insurance covers you for:
- Damage caused to your vehicle in an accident, whether your fault or not
- Damaged to your vehicle as a result of an accident caused by mechanical failure
The policy specifically excludes coverage for:
- Items that break (this is not a mechanical warranty policy)
- Financial responsibility for any damage / injury cause to a third-party and / or to their property
- Loss caused by fire (unless the fire resulted from a track day collision)
- Use of the vehicle on the public road and other public place
Cars Under £40k
Get a Quote!Cars Over £40k & Multi Day
Get a Quote!Bikes Single & Multi Day
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Can I Get Track Day Insurance in the UK?
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 five minutes to complete the online application form.
What Is the Price of Track Day Insurance?
There is no simple answer to this because it depends on type of car or bike, the circuit, the value, your age, and how many days you are insuring. There are other variables too, such as additional drivers and, in some cases, we can consider a small rebate back to your card of payment if there are no claims if there is something tangible we can put to insurers (i.e. only a handful of sessions or are you following an instructor at all times).
Probably the easiest way to answer this is to comment on the minimum premium and the average premium people are typically spending for a single day's cover. Ultimately you will need to seek a definitive quotation and you may be very surprised as to how little it will cost you.
These example quotes are 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 quotations below the admin fee (incl. tax) of £22.34 is included.
| Make & Model | Market Value | Excess | Total Price (incl. tax) |
| Lotus Elise 2004 | £17,000 | £1,258.43 | £158.58 |
| Subaru Impreza WRX Turbo 2005 | £25,000 | £1,487.50 | £184.22 |
| Triumph Street Triple R ABS 2017 | £5,001 - £7,500 | £1,000 | £107.53 |
Cars Under £40k
Get a Quote!Cars Over £40k & Multi Day
Get a Quote!Bikes Single/Multi Day
Get a Quote!
How Much Will I Need to Pay Myself If I Make a Claim?
With regards to the policy excess, the minimum excess we have for cars is £1,000, but is usually between 5% and 8% of the total value of the insured vehicle.
For cars under £40,000 we also have a terrific optional extension that allows you to actually insure your excess so in the event of an accident where damage exceeds the stated excess, if you have taken advantage of the extension you will have NOTHING to pay!
For motorbikes we have a different rating structure and you can choose your level of excess starting from £750. Also, we provide the additional option of allowing you to decide if you do or do not want the bodywork and fairings covered so it is often worth seeking a number of quotations to find a premium that suits your own needs.
What Makes the Premium More Expensive?
Some circuits carry a loading and places like Nürburgring or Spa are always going to be more expensive than say an old airfield. Young drivers in very fast cars can carry a higher premium but again this may be negated by the safety of the actual circuit. Very expensive cars with very high values offer a greater exposure to the
pot
so there may be a greater load on the rate to reflect this.
Probably the biggest single denominator that always jumps out at us is the additional driver. Most are very sensible but, where there are accidents, 80% of the time it was the additional driver. We have had a son destroy a very rare car within a coupe of corners and never completed a single lap and plenty of mates who
were just doing a handful of laps
.
Cars Under £40k
Get a Quote!Cars Over £40k & Multi Day
Get a Quote!Bikes Single/Multi Day
Get a Quote!
