So who are you insured with? Research help.

Fooshe · 07-30-2008, 10:35 AM

Hello all!

As a driving instructor, I am always introduced to people who track their street cars. And because my full time job is in the insurance field, I am always asked about coverage on the track. Soooooo, I have decided to do doing some research for an article. The article is directed at Z owners (by it will apply to many others) who track their daily drivers, or at least their non-dedicated race cars, and I am trying to get a feel for market share.

I have approached so carriers for their information on this topic, but I want to cover as many as possible. So please respond if you take your weekend fun car or daily driver to the track. I only need the name of the Insurance Company that issued the policy, not who your agent or representative is.

Thanks for your help....it will only benefit everyone in the long run.

JZurita · 07-30-2008, 10:50 AM

Non-specialty insurance companies do not provide coverage when racing.

So most Z owners that track their car are pretty much driving at their own risk.

Nastyboy · 07-30-2008, 10:56 AM

I've been w/State Farm for many moons now.

But like the person above stated, I thought we were "on our own" if we tracked the cars? In other words my insurance wouldn't cover any damage caused at a track as it would caused in the streets?

JZurita · 07-30-2008, 10:59 AM

Quote:

Originally Posted by Nastyboy

I've been w/State Farm for many moons now.

But like the person above stated, I thought we were "on our own" if we tracked the cars? In other words my insurance wouldn't cover any damage caused at a track as it would caused in the streets?

No sir

Billhyco · 07-30-2008, 11:00 AM

if ya do a quick search under the roadrace forum you will find this insurance topic has been covered in depth a couple times that i know of. also, i got an email last night about a company that is offering track day insurance for your car. i didn't get to the details but nice to see that a company is FINALLY stepping up.

i used to track my daily driver and worried about putting it into a tire wall constantly. my ins. is through allstate, but they wouldn't cover me at the track, neither would Geico who i just switched from.

Profink · 07-30-2008, 11:19 AM

Fooshe, hit me up with a PM because I'd be interested in helping you out with he article (if you're interested). My full time job is E&S Insurance and I've been interested in this same thing.

Doug

Fooshe · 07-30-2008, 11:21 AM

Thanks Bill! I did a search but I can't find this particular info. I am not trying to see someone elses opinion, I am just looking for the names of who the group insures with so I can do my own research for an article that may be published and will have my name on it. Rule one of any factual article is know the facts that you are stating to be true for yourself.

Thanks for the input and if you find the name of the company that is offering coverage for your car for a track day, please let me know so I can speak with them for the article.

ni$mo350 · 07-30-2008, 11:52 AM

I swear by USAA awesome company with good customer service and great rates/discounts for good records. Hope that helped and if you have any other questions just pm me.

DVFlyer · 07-30-2008, 01:08 PM

Most people I know who track their car and get in wrecks received the damage on a public road driving to the mall or work or school or.....

Calvin@CRG · 07-30-2008, 01:10 PM

I'm with Allstate if that helps. But yea my understanding is that crashes/accidents on a track arnt covered. And insurance companies dont offer any type of coverage for that...?

JETPILOT · 07-30-2008, 01:44 PM

I'm insured with Progressive.

scotts300 · 07-30-2008, 01:50 PM

Ameriprise, through Costco. Best I've had so far.

Fooshe · 07-30-2008, 02:01 PM

Great! Keep them coming.

Oh, and no commentary please. I don't want to bias anyone regarding one insurance company or another. Besides, this is not a commercial for any single carrier.

So just the company name, please.

Fooshe · 07-30-2008, 02:07 PM

Quote:

Originally Posted by JZurita

Non-specialty insurance companies do not provide coverage when racing.

So most Z owners that track their car are pretty much driving at their own risk.

JZurita's response is exactly what I was expecting and it only took a couple posting to get it. You see, most people are uninformed and pass their opinion as fact. Or, their insurance company did not cover something, so they assume all companies don't. Well, you know what happens when you assume something...You make and ass out of u & me (ass-u-me).

Now I am not ragging on JZurita, I am pointing out that this is common and I blame the insurance industry for not informing the public. That is the whole purpose of my research and publishing what I find.

Fooshe · 07-30-2008, 02:12 PM

Quote:

Originally Posted by DVFlyer

Most people I know who track their car and get in wrecks received the damage on a public road driving to the mall or work or school or.....

DVflyer, I know exactly what you are saying and have seen it myself.

However, I have filed many Felony reports with the Department of Insurnace on that exact claim since insurance fraud is a Felony in CA.

The sad part is that on a hand full of them, they would have had some coverage if they had not lied about the entire event. Their deductible is all they would have been out.

That being said, not everyone gets caught....but I know a bunch of people who have.

Let's just stick to the companies for the purposes of this posting. You can post a "How to commit insurance fraud" thread once I'm done.

Fooshe · 07-30-2008, 02:13 PM

Quote:

Originally Posted by Calvin@CRG

I'm with Allstate if that helps. But yea my understanding is that crashes/accidents on a track arnt covered. And insurance companies dont offer any type of coverage for that...?

Not all companies and not always Calvin...Hence, the reason I am doing this. Thanks for your input.

Fooshe · 07-30-2008, 02:19 PM

Not one company name yet? I do hope you guys will help me ID the companies I should make sure I include in this research.

WhiskeyHotel · 07-30-2008, 02:20 PM

State Farm

350z-Jason · 07-30-2008, 02:26 PM

Quote:

Originally Posted by WhiskeyHotel

State Farm

+1. They cover all my aftermarket parts for free.

hkman78 · 07-30-2008, 02:36 PM

I think it depends on the wording of the policy. Some poilcy stated that it wont cover "if you involve in a competition or time trial or any kind of illegal street racing". But if you were only driving the car in a track during a track day, technically you are not in a competition or time trial racing. You can argue that with your insurance company and see if you can get coverage for that.

07-30-2008, 10:35 AM	#1
Fooshe Registered User Join Date: Mar 2007 Location: So. Cal. Posts: 602 iTrader: (31)	So who are you insured with? Hello all! As a driving instructor, I am always introduced to people who track their street cars. And because my full time job is in the insurance field, I am always asked about coverage on the track. Soooooo, I have decided to do doing some research for an article. The article is directed at Z owners (by it will apply to many others) who track their daily drivers, or at least their non-dedicated race cars, and I am trying to get a feel for market share. I have approached so carriers for their information on this topic, but I want to cover as many as possible. So please respond if you take your weekend fun car or daily driver to the track. I only need the name of the Insurance Company that issued the policy, not who your agent or representative is. Thanks for your help....it will only benefit everyone in the long run.

07-30-2008, 10:50 AM	#2
JZurita Insurance Guy Join Date: May 2007 Location: Stamford, CT Posts: 1,657 iTrader: (21)	Non-specialty insurance companies do not provide coverage when racing. So most Z owners that track their car are pretty much driving at their own risk. __________________ Too many to list...

07-30-2008, 10:56 AM	#3
Nastyboy Registered User Join Date: May 2003 Location: So. Cali. Posts: 991 iTrader: (9)	I've been w/State Farm for many moons now. But like the person above stated, I thought we were "on our own" if we tracked the cars? In other words my insurance wouldn't cover any damage caused at a track as it would caused in the streets? __________________ Who needs a turbo when there's N2O? 378.9RWHP! / 4myride.com

07-30-2008, 11:00 AM	#5
Billhyco Registered User Join Date: Oct 2006 Location: Burlington, NC Posts: 1,528 iTrader: (14)	if ya do a quick search under the roadrace forum you will find this insurance topic has been covered in depth a couple times that i know of. also, i got an email last night about a company that is offering track day insurance for your car. i didn't get to the details but nice to see that a company is FINALLY stepping up. i used to track my daily driver and worried about putting it into a tire wall constantly. my ins. is through allstate, but they wouldn't cover me at the track, neither would Geico who i just switched from. __________________ Bill R. a few add on's, but we can sort it all out on the track ---Special Thanks to http://ProjectAutoSalon.com & http://My350Z.com

07-30-2008, 11:19 AM	#6
Profink Registered User Join Date: May 2007 Location: Studio City, CA Posts: 3,492 iTrader: (8)	Fooshe, hit me up with a PM because I'd be interested in helping you out with he article (if you're interested). My full time job is E&S Insurance and I've been interested in this same thing. Doug __________________ TECHNOSQUARE \| SEVEN 7 APPLE \| PRECISION Z 07 Base / Carbon Silver / 6sp : 302rwhp / 269tq NISMO / TOP SECRET / TECHNOSQUARE / CRAWFORD / A'PEXi / HOTCHKIS / RAYS / TOYO / B&M / BRC / SCHROTH / PIONEER / VALENTINE

07-30-2008, 11:21 AM	#7
Fooshe Registered User Join Date: Mar 2007 Location: So. Cal. Posts: 602 iTrader: (31)	Thanks Bill! I did a search but I can't find this particular info. I am not trying to see someone elses opinion, I am just looking for the names of who the group insures with so I can do my own research for an article that may be published and will have my name on it. Rule one of any factual article is know the facts that you are stating to be true for yourself. Thanks for the input and if you find the name of the company that is offering coverage for your car for a track day, please let me know so I can speak with them for the article.

07-30-2008, 11:52 AM	#8
ni$mo350 Master Join Date: Mar 2007 Location: Portland, OR Posts: 2,151 iTrader: (4)	I swear by USAA awesome company with good customer service and great rates/discounts for good records. Hope that helped and if you have any other questions just pm me. __________________ http://www.my350z.com/forum/index.php SOLD '03 PPW Track: Greddy EVOII (FS), JWT, Nismo, RAYS, Ichiba, Falken, Muteki, Tanabe GF210, 15% sides and rear 45% up front, Acura (ask if you must) Etc.

07-30-2008, 01:08 PM	#9
DVFlyer Speed of White Join Date: Oct 2006 Location: San Diego Posts: 1,761 iTrader: (17)	Most people I know who track their car and get in wrecks received the damage on a public road driving to the mall or work or school or..... __________________ For Sale: http://www.my350z.com/forum/showthread.php?t=368396 05 Enth PPW 6mt \| Borla \| Nismo \| Crawford \| Kuhmo \| Tein \|That sound you hear is the sound of money flying out of your wallet for mods. Date since I've needed a back seat: 3/7/2007 (day car was purchased)

07-30-2008, 01:10 PM	#10
Calvin@CRG Sponsor CRG Inc Join Date: Apr 2007 Location: SoCal Posts: 796 iTrader: (19)	I'm with Allstate if that helps. But yea my understanding is that crashes/accidents on a track arnt covered. And insurance companies dont offer any type of coverage for that...? __________________ CRG Motorsports The Ultimate Part-Out. C-West/ings+1/Takata/Recaro/JIC/Work/Toyo/Works Bell/Personal/Cusco/APR Performance/KICS Project/5Zigen

07-30-2008, 01:44 PM	#11
JETPILOT Registered User Join Date: Feb 2004 Location: Vero Beach, FL Posts: 5,520 iTrader: (44)	I'm insured with Progressive. __________________ Read My Auto Blogs Biches @ http://www.cardomain.com/ride/3083811

07-30-2008, 01:50 PM	#12
scotts300 Registered User Join Date: Aug 2003 Location: Away Posts: 1,877 iTrader: (5)	Ameriprise, through Costco. Best I've had so far. __________________ 94' Z32TT (drag/track/show); 03' 350 (track); 04' 350ZR (DD); 04' Titan (Z-Hauler). Love cars, love life, love people in Zs.

07-30-2008, 02:01 PM	#13
Fooshe Registered User Join Date: Mar 2007 Location: So. Cal. Posts: 602 iTrader: (31)	Great! Keep them coming. Oh, and no commentary please. I don't want to bias anyone regarding one insurance company or another. Besides, this is not a commercial for any single carrier. So just the company name, please.

07-30-2008, 02:19 PM	#17
Fooshe Registered User Join Date: Mar 2007 Location: So. Cal. Posts: 602 iTrader: (31)	Not one company name yet? I do hope you guys will help me ID the companies I should make sure I include in this research.

07-30-2008, 02:20 PM	#18
WhiskeyHotel Dbl E Join Date: Mar 2008 Location: Oklahoma City Posts: 332 iTrader: (1)	State Farm

07-30-2008, 02:36 PM	#20
hkman78 Registered User Join Date: Sep 2005 Location: Anaheim Posts: 724 iTrader: (3)	I think it depends on the wording of the policy. Some poilcy stated that it wont cover "if you involve in a competition or time trial or any kind of illegal street racing". But if you were only driving the car in a track during a track day, technically you are not in a competition or time trial racing. You can argue that with your insurance company and see if you can get coverage for that. __________________ 05 PPW Performance: USDM Nismo Wing, JDM Nismo kit all around. Volk GOLD GT-S 19x9.5 +17/19x10.5 +18. Tanabe GF210 Springs. Evo-R Titanium shift knob. JWT Popcharger. Motordyne Iso 5/16 spacer. Stillen Sway bar. Stoptech Stage 2 Brake upgrade.