I have a GSR and an MR2 as "Toy' car which I run on week ends/auto-x, occassional HPDE etc. 2 "Toy" cars are included in a single policy along with other daily driven family vehicles.

"Toy" cars are with just liability coverage only. Since, all cars in a policy should have the same liability coverage, I have higher liability coverage for all. This means that I end up just throwing away some money month after month for these "toy" cars also. I was planning to buy another one very cheap but decided against it just because of insurance.....


Are there any other options? I don't want to have them on a trailer...thanks

 

http://www.westfieldgrp.com

Find an agent who deals with them, and find out what your options are. Westfield is HPDE friendly.

 

HPDE friendly?
Do you have any more information about that?

 

You could set it up on its own policy. And you might be able to set it up with you being the only driver. I am not sure though how your insurance company works.

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by schumi &raquo;</TD></TR><TR><TD CLASS="quote">I don't want to have them on a trailer...thanks</TD></TR></TABLE>

If its tagged and driven on the street it has to have liability insurance so you really dont have a choice.

One option could be to get a separate insurance policy for the vehicles you dont drive ever and keep the coverage low, but it would be more expensive than just keeping one policy I think.

Good insurance coverage is hardly throwing money away, IMO. I've got good liability but dont carry any collision or comprehensive on my integra (track only) or motorcycles.

 

What insurance company do you have?

Allstate is pretty cool because they are one of the few companies that lets you put cars and boats and what not on suspension. Meaning, while on suspension, the only coverage you have and pay for is comp which would be damn cheap! They let you put it in suspension, and take it off whenever you want!

I would check into it!

 

In Ohio, 2 years ago Allstate added exclusions that would not cover HPDE so I switched companies. Now Liberty Mutual has done the same thing, hence my questions about HPDE friendly options. I hear policy wording can vary from state to state. BTW, USAA has been dropping people for even asking about HPDE coverage.

So for Westfield are you talking about a regular policy that is HPDE friendly or supplemental coverage like American Collectors Insurance (premium = 1.5% of agreed value of the car; 20% deductable)?

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by .RJ &raquo;</TD></TR><TR><TD CLASS="quote">If its tagged and driven on the street it has to have liability insurance so you really dont have a choice.</TD></TR></TABLE>

Not true... at least in Virginia. You can pay the DMV $500 and have no insurance.

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by .RJ &raquo;</TD></TR><TR><TD CLASS="quote">Good insurance coverage is hardly throwing money away, IMO. I've got good liability but dont carry any collision or comprehensive on my integra (track only) or motorcycles.</TD></TR></TABLE>

Since when is no collision or comprehensive "good coverage"? Your statement seems a bit contradictory.

To the OP, are you looking for insurance just because you have to have it or do you actually want to be covered for on track incidents?

 

I worked with my local State Farm agent and expressed to them that the car is rarely driven and is merely an extra vehicle. They were very accomodating in getting me a very low rate

 

RJ when you start riding "new" bikes... you'll have full coverage + theft protection! and thats $300 a month... easy!

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by Apocalypse &raquo;</TD></TR><TR><TD CLASS="quote">Since when is no collision or comprehensive "good coverage"? Your statement seems a bit contradictory.</TD></TR></TABLE>

I'm talking about protecting my *** in case anything happened.

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by .RJ &raquo;</TD></TR><TR><TD CLASS="quote">

I'm talking about protecting my *** in case anything happened.</TD></TR></TABLE>

which means if he low sides the bike and tosses it into a minivan, the minivan flips over... he can cover soccer mom and the kids medical bills + the price of the mini van... then again... i bet they are in a hummer and it will just destroy the bike and she'll think she ran over a cat or something.

 

You get a pretty sizable multi-car discount by keeping them all on one policy. So multiple policies might not help at all.

You can suspend coverage with many companies. I do this every winter with State Farm. However, that's on a car that just sits, so I don't need liability or collision coverage. I would not suspend coverage on a car that is driven periodically during the period you are considering.

Like Apocalypse, I'm not sure what the original question was asking. I don't understand why having the same liability coverage on all cars - all of which are street driven - is "throwing away money". Just because you drive one car more than another, doesn't mean you don't need the same liability coverage on all of them.

 

Let me state what I know of. As per my insurance agent, in the state of Arizona all the cars included in a single policy must have the same liability limit. Having two other daily driven cars, my Toy cars are without Comprehensive and Collision coverage. Having higher liability limit means that, I end up paying higher premiums just for liability for Toy cars.

Questions
Comp/Collision Coverage: Do you all take Comp/Collision coverage for cars that are primarily driven on Auto-x or HPDE's ? plus very occasional street driving, plus driving to track and back etc? Anyone was able to claim Collision/comp coverage from Insurance that happened in the Auto-x, HPDE'?

Liability coverage: To me , just paying higher premiums for liability coverage for cars that are primarily driven in Auto-x or HPDE doesn't make sense. Most of the cars that run with you are without any sort of insurance I mean cars that are taken to the track in a trailer. You sign waivers before you get in. So what is the point in having a higher liability coverge?

 

I have comp only on my IT car which covers it for damage when in storage and theft, I believe. The car is not driven on the street except to load/unload from the trailer. This is extremely cheap with State Farm in WI. I do have all of my insurance through them including my umbrella...

The tow vehicle insurance covers the race car when in transit.

IMHO it would be foolish, to say the least, to drive a car on the street without liability ins. I would also carry collision to cover damage to another car if you get into a wreck. Most states require liability.

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by schumi &raquo;</TD></TR><TR><TD CLASS="quote">Questions
Comp/Collision Coverage: Do you all take Comp/Collision coverage for cars that are primarily driven on Auto-x or HPDE's ? plus very occasional street driving, plus driving to track and back etc? Anyone was able to claim Collision/comp coverage from Insurance that happened in the Auto-x, HPDE'? </TD></TR></TABLE>

Some policies cover HPDE/lapping and some do not. Most do not cover autox, as it's a timed event. I know people that have made claims successfully, and others that have been denied. Most don't bother because it's not worth being dropped or premium increases.

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote &raquo;</TD></TR><TR><TD CLASS="quote">Liability coverage: To me , just paying higher premiums for liability coverage for cars that are primarily driven in Auto-x or HPDE doesn't make sense. Most of the cars that run with you are without any sort of insurance I mean cars that are taken to the track in a trailer. You sign waivers before you get in. So what is the point in having a higher liability coverge? </TD></TR></TABLE>

You're paying for the same liabity because you drive it on the street sometimes. Why would you want $500,000 coverage on one car and $100,000 on another? What happens when you destroy a Rolls Royce and kill the family that was inside?

 

Comprehensive coverage and collision coverage protect the value of your car. Comprehensive protects it against theft, vandalism, fire, etc, and collision protects it in case you have an accident of some sort. You can skip both coverages if the value of your car isn't worth insuring and/or you can afford to sustain the loss yourself. However, even if you're not driving your car, comprehensive is what will pay out for a claim in the event of theft or fire, so it doesn't necessarily make sense just because you don't daily drive the car. Similarly, if you were driving to the track and someone hit your car, are you prepared to pay for the damage to your car yourself (or sustain it as a loss if it's totalled)? Skipping these coverages may make sense if your GS-R and MR2 aren't worth very much, but if they are, it's not such a good idea.

As for liability, there's a big difference in the need for liability coverage between cars that are primarily driven on the track, and cars that are exclusively driven on the track. If you drive the car to and from the event (rather than trailering it), you will need to register the car, and most states require liability coverage on street-driven cars. Also, if you street drive the car, and you get in an accident (on the street) and someone is injured and sues you, the insurance covers that liability (up to the limits on the policy); if you don't have liability coverage, you'll pay for attorney fees and damages yourself (as determined by the courts). Remember, other drivers on public roads don't sign waivers the way people do at track events.

 

I maintain comprehensive and liability on #55 with State Farm.. after all the discounts and everything, plus the $1k deductible, it's really not much money.. worth it for the peace of mind..

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by ITC Racer &raquo;</TD></TR><TR><TD CLASS="quote">I would also carry collision to cover damage to another car if you get into a wreck.</TD></TR></TABLE>

Collision coverage only applies to damage to your own car. Damage to another car if you get into a wreck is covered by your liability coverage (if it's your fault) or the other car's collision coverage (if it's their fault or if they live in a no-fault jurisdiction).

Collision may also cover medical expenses to you and occupants of your car in the event of an accident.

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by jlucas &raquo;</TD></TR><TR><TD CLASS="quote">So for Westfield are you talking about a regular policy that is HPDE friendly or supplemental coverage like American Collectors Insurance (premium = 1.5% of agreed value of the car; 20% deductable)?</TD></TR></TABLE>

The wording in the policy is such that if you wreck in an HPDE and have coll/comp, you will get covered. You'll probably want to run it by an agent first to make sure he is ok with it, I know others here who have Westfield and said their agents are ok with it.

 

http://www.esurance.com is HPDE friendly
there a great insuarace company.

 

With State Farm, parking lot autocross damage is covered (or was when I checked several years back) since this is not so much of a "competition" event as a "driver's skill" event. I would believe that HDPEs are similar.