HPDE insurance - Miata Turbo Forum - Boost cars, acquire cats.

Welcome to Miataturbo.net   Members
 


Race Prep Miata race-only chat.
Sponsored by:
Sponsored by:

Reply
 
 
 
LinkBack Thread Tools Search this Thread
Old 02-11-2012, 09:01 PM   #1
Hittin' Boost & Cones
Thread Starter
iTrader: (2)
 
240_to_miata's Avatar
 
Join Date: May 2007
Location: Cromwell, Connecticut
Posts: 2,572
Total Cats: 11
Default HPDE insurance

Do any of you guys insure your cars on the track?
I have started to look into it a bit. I hate to spend the money, but sub-$100 is a hell of a lot cheaper than a complete loss.

FYI I am a track who tends to have the "over drive it first and then work your way back down" mentality at autox.
240_to_miata is offline   Reply With Quote
Old 02-11-2012, 09:25 PM   #2
Elite Member
iTrader: (5)
 
Join Date: Dec 2010
Location: Raleigh, NC
Posts: 1,970
Total Cats: 49
Default

Quote:
Originally Posted by 240_to_miata View Post
Do any of you guys insure your cars on the track?
I have started to look into it a bit. I hate to spend the money, but sub-$100 is a hell of a lot cheaper than a complete loss.

FYI I am a track who tends to have the "over drive it first and then work your way back down" mentality at autox.
I depends. Some states, if you have full coverage, your insurance is required to cover you during any driver's education event (so it pretty much can't be timed). Anyways, I know that's the case here in NC.

If its not one of those states, I think its probably a good idea at some point. Not sure when really.
Seefo is offline   Reply With Quote
Old 02-11-2012, 09:36 PM   #3
Hittin' Boost & Cones
Thread Starter
iTrader: (2)
 
240_to_miata's Avatar
 
Join Date: May 2007
Location: Cromwell, Connecticut
Posts: 2,572
Total Cats: 11
Default

yeah I just looked at http://hpdeins.locktonaffinity.com/Default.aspx and I see they have a 10% deductible with a min of $2k. I would pretty much need to total my car to make it worth it
240_to_miata is offline   Reply With Quote
Old 02-12-2012, 05:22 PM   #4
Junior Member
 
Join Date: May 2010
Location: AZ
Posts: 53
Total Cats: 0
Default

I used Prosure when I was tracking my Evo. The cost was just based on the value you wanted to declare your car at. Ended up being 1700 for a year of coverage, 2K deductible, unlimited HPDE events, no timed events, 30K declared value. It doesn't look like Prosure is around anymore, at least I can't find anything on them. I don't bother with the Miata, since the whole purpose of getting it was because it's cheaper to track.

State Farm here in Arizona will not cover anything on track. There is something in the policy that states they will not cover anything happening on a "racing surface".
Zefiris is offline   Reply With Quote
Old 02-12-2012, 10:09 PM   #5
Junior Member
 
Join Date: Mar 2010
Location: Durham, NC
Posts: 406
Total Cats: 19
Default

Quote:
Originally Posted by Track View Post
I depends. Some states, if you have full coverage, your insurance is required to cover you during any driver's education event (so it pretty much can't be timed). Anyways, I know that's the case here in NC.

If its not one of those states, I think its probably a good idea at some point. Not sure when really.
NC and TX are the only two states that I know of that you can submit
HPDE (NOT TT or w2w) accidents as valid claims.

I don't insure mine at all. I had it on a liability policy for a while but I just let that lapse. I got the car because I have no emotional attachment to this particular chassis and it is a track toy I have no problem with walking away from.
FatKao is offline   Reply With Quote
Old 02-13-2012, 11:54 AM   #6
Junior Member
 
Join Date: Nov 2009
Location: SF, CA
Posts: 49
Total Cats: 2
Default

Quote:
Originally Posted by 240_to_miata View Post
yeah I just looked at http://hpdeins.locktonaffinity.com/Default.aspx and I see they have a 10% deductible with a min of $2k. I would pretty much need to total my car to make it worth it
Same decision I came to. On the Miata I don't do HPDE insurance. Insurance is basically the same math as gambling - odds, your buy-in, reward.

I used to do the HPDE insurance on my (then) new Audi A4 Avant. But then a bent fender on it, let alone a big hit, is a lot of money. And something I can't fix myself.

Another thing I did after I did a couple years of events was do a rough calculation of "dollar value of damage I've seen divided by cars divided by track days" - indicated the insurance was probably a good deal for a higher dollar car.

As to street insurance, in CA it depends on the company. Some do exclude "racing surface." But a guy in a Audi TT (instructor) put his car into the Laguna Turn 4 exit inside wall. He was fine, car was a total. His street insurance company paid it off. I need to find out who that was.
billybobster is offline   Reply With Quote
 
 
Reply

Related Topics
Thread Thread Starter Forum Replies Last Post
Please school me on life insurance... samnavy Insert BS here 14 10-11-2015 12:21 AM
WTB HPDE miata - Texas Voltwings Cars for sale/trade 0 09-27-2015 07:40 PM
Replacing one tire nigelt Wheels and Tires 7 09-22-2015 01:32 PM
SOLD-Rear knuckle/spindle upper spherical bearing adapter hi_im_sean Miata parts for sale/trade 1 09-16-2015 01:45 PM
June 23-24: Summit Point HPDE Braineack Insert BS here 3 05-09-2007 12:00 AM


Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off



All times are GMT -4. The time now is 04:53 AM.