Quote:
Originally Posted by cjd
Thats usually the case. Insurance feels like a waste of money till it's not. But hopefully you never get there. Most people probably do just self-insure.
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As someone who works for an insurance company (nothing to do with track insurance), it's really just balancing the potential risk. If the charge for Track Day Insurance were thousands of dollars per event then it wouldn't be worth it IMO. However, a few hundred dollars for a $40K-$60K car makes it very worth it.
In our cases, most of us are running 5+ year old cars and the the minimum policy is usually for $20K of value and that has meant right around $160 for me through Hagerty. I find that to be completely worth since I'm not ready to throw away my car if something bad does happen. Also, if you run enough events in the season then there are policies that cover the entire season that offer a better deal.