Upcoming Track Day

[Call_Me_Bruce]

Friday will be my first track day at Summit Point. My wife & son got me a gift certificate for my birthday for Summit Point's Friday at the Track. It is a HPDE day and I can't wait.

That being said, since my car is relatively new I thought it prudent to get track insurance. I was a little surprised at the cost, $486.00. My car is a bone stock 2022 GT coupe with the performance pack. Is that price in the "normal" range? I know many things can factor into the price, past accidents, tickets, age, value of car etc.

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[Brooski1]

That's on the high side. Of course track insurance rates are based on what value and deductible you select. For a comparison to the $486.00 you were given check out Lockton's rates. They are usually one of the lowest.
https://locktonmotorsports.com/buying-track-day-insurance/

 

[991GT]

Yes that is a normal price for track insurance. I think Summit is more expensive than other tracks...probably based on the claims there relative to other tracks. I increase the policy to cover the deductible, it's not that big of a cost increase to do that. I used Lockton in April and my experience with them was very good. I did have an off and they were quick to deal with gave me no hassles when going through the process.
Have fun and be safe!

 

[sms2022]

Good thread. I was stunned at hagerty’s quote of $700 for one day so I’ve been running without insurance.

 

[COYOTE_64S25FEF]

Try Open Track and Hagerty, as well. But yes, that sounds about right. My last day was $444 with two drivers and liability. Would have been -$75 without liability.

At some point in recent years, carriers started charging similar amounts for 1-3 days instead of just paying for one day.

I paid $155 for a single day back in 2019, for example.

I honestly don’t think they factor any of the typical insurance stuff into the quote - just car value, track, and whether you’ve had any recent “track insurance” claims.

Open Track has “season” insurance, too, if you’re going to be going often.

 

[Jstang23]

Friday will be my first track day at Summit Point. My wife & son got me a gift certificate for my birthday for Summit Point's Friday at the Track. It is a HPDE day and I can't wait.

That being said, since my car is relatively new I thought it prudent to get track insurance. I was a little surprised at the cost, $486.00. My car is a bone stock 2022 GT coupe with the performance pack. Is that price in the "normal" range? I know many things can factor into the price, past accidents, tickets, age, value of car etc.

Hey man!

I have a 2023 version of your car!

Track insurance really depends on the track you are driving, the higher the speeds, the more expensive the insurance. First rule is ALWAYS get track insurance. You may not crash but someone could crash into you and you'd be left with a banged up car. I have seen prices that high before, but I use Hagerty Track Insurance, and mine seems to be hovering right around 300-350. Also don't go put what you paid for the car, put what KBB values it at, it's cheaper that way.

Also consider buying some better higher temp pads, if you are running the stock 4 pot pads you will fry them almost guaranteed. I recommend looking at G-loc pads, the R8 compound should work well for you for the first time.

Enjoy yourself man!

 

[Jstang23]

Good thread. I was stunned at hagerty’s quote of $700 for one day so I’ve been running without insurance.

Whoa?! What did you value your car at? and what track were you running that was 700 for one day?!

 

[sms2022]

Whoa?! What did you value your car at? and what track were you running that was 700 for one day?!

Waterford Hills in Michigan, and I think 35k. I don’t remember exactly though. I think Hagerty is just expensive for track day insurance

 

[SBR70.3]

Check with Lockton. That is the insurance company the track I go to recommends.

 

[Jstang23]

Waterford Hills in Michigan, and I think 35k. I don’t remember exactly though. I think Hagerty is just expensive for track day insurance

Thats really really expensive. I value my car at 38000 and at Road Atlanta my insurance was $405.

 

[SBR70.3]

Hey man!

I have a 2023 version of your car!

Track insurance really depends on the track you are driving, the higher the speeds, the more expensive the insurance. First rule is ALWAYS get track insurance. You may not crash but someone could crash into you and you'd be left with a banged up car. I have seen prices that high before, but I use Hagerty Track Insurance, and mine seems to be hovering right around 300-350. Also don't go put what you paid for the car, put what KBB values it at, it's cheaper that way.

Also consider buying some better higher temp pads, if you are running the stock 4 pot pads you will fry them almost guaranteed. I recommend looking at G-loc pads, the R8 compound should work well for you for the first time.

Enjoy yourself man!

Also, if you are MT-82, do not set your parking brake after the session. Ask me, and my brake pads, how I found out.

I bought some G-loc R8's, Hoping to test them out Aug 10/11th.....assuming my Mustang gets sorted out by then ()

 

[Jstang23]

Also, if you are MT-82, do not set your parking brake after the session. Ask me, and my brake pads, how I found out.

I bought some G-loc R8's, Hoping to test them out Aug 10/11th.....assuming my Mustang gets sorted out by then ()

Hahaha! We've all found out about the parking brake one way or another lol!

I actually stepped up to the R12 compound after I bent the R10 pads!

 

[Jperkins109]

Also, if you are MT-82, do not set your parking brake after the session. Ask me, and my brake pads, how I found out.

I bought some G-loc R8's, Hoping to test them out Aug 10/11th.....assuming my Mustang gets sorted out by then ()

Please explain! Does it stick, or warp the rotor?

 

[saleen367]

Not only are you covering the agreed upon value of your car but also keep this in mind ...

Track Damage Liability: Anyone who participates on track shall be liable for any and all damage their car may have caused to the race track, race track safety barriers and/or race track equipment. This includes oil dry.

I know some people get track insurance to cover the cost of the loan left on their car. That way, should things go wrong, you're not making payments on a brick.

 

[GTP]

I think there are two ways to look at it. One, you value the car at what you want to get out of it assuming it's a write-off. Two, you value your car at what a somewhat expensive wreck might cost you. For example, tearing up a bumper and quarter panel could be $10-15k. As opposed to $35k for fair market value, or $50k+ for what you paid originally.

A 10% deductible is nothing to sneeze at either.

So you can model these figures on the website before signing up.

My 5-year old car is still like new, and so I value it at FMV of around $35k. I don't declare mods separately. (I still don't care for that "feature" when it is supposed to be Agreed Value anyway. Imagine an adjuster taking off the value of mods from the accident.)

I've been using Hagerty which runs ~$285 for one day or a weekend, $35k value. I need to look into OpenTrack for a seasonal rate next year.

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