Racing insurance

[Thomas]

Originally Posted by EZ Nova

So that's NOT ON-TRACK face car insurance? We need insurance BETWEEN the burn-out box and the return road.

Finding insurance between the burn-out box and the return road is going to be a challenge.
I use McFarland Rowlands for my Stock Eliminator.
They cover my car everywhere except when I am making a pass.
That was all that I could find in Ontario.

[big gear head]

I've got the car covered for everything except racing, but was hoping that there was something affordable that would cover everything.

[Supergas990]

Available - Probably yes. Affordable - That's a relative thing.

I'd expect the minimum premium to be thousands of dollars. There's just too much that can go wrong in a competitive situation.

Blair

[Locker537]

Interesting conversation! It would seem drag racing is a bit behind other on-track motorsports in this regard.

For "High Performance Driver's Education" events and time trials, the companies I linked above will happily ensure your vehicle at an agreed and guaranteed value. Most offer either 10% or 15% deductible plans and you can purchase per day, weekend, or season.

For some quick math, a $45,000 guaranteed value for two days of HPDE cost ~$300. If you aren't familiar with HPDE, think road course driving where you are only limited by your skills. You're on track with other cars, but are not racing. Any passing is coordinated.

I would expect a day of drag racing to be less, but that's based on it being less seat time, less variables, etc. I don't know if an insurance company would evaluate it that way.

[EZ Nova]

I know Bills coverage wass good. His rough guess on rates used to be about 5% of AGREED value. I know probably 8-10 guys that used it, not have it. Last I heard Bill was running 3 cars, PM Outlaw 10.5 and no-prep. So show him pictures and agree on the value. FULL COVERAGE EVERYWHERE. Detroit guy's O10.5 burned is the shop, claim was started BEFORE fire department left the building. Was watching a live feed on a race, cars crossed the centerline and hit the wall. Bill was watching and posted it's FULLY covered. Heard they had a cheque to him within 10 days. AND used to be that they covered the other car too if you caused them to crash. So lets say 5000/yr for a PM?? And you take out the other car, they BOTH get paid.

YES it's pricey but so are these cars today.

[firstgenaddict]

Originally Posted by big gear head

$1500 a year, to go to one race. And that doesn't cover any street driving.

Think about what they are insuring... the problem is not just that it is racing, it is that it is NOT PROFESSIONAL RACING. Am racing is where the likelyhood of something going WRONG is MORE LIKELY, because when you are not in the practice of constant preparation and honing skills something will happen and if something goes wrong it is more likely to skew to the BAD SIDE.