Car Insurance for Racing Cars
The insurance cover available for racing car, also known as “motorsport insurance“, can cover all aspects of the sport, be it individual cars and drivers or international race teams and circuits. In tune with the ever-aggressive and sophisticated nature of the sport, you will find the insurance cover a boon to your game.
There is no dearth of companies in UK and US who will welcome you open armed to take up an insurance policy with them. However, it is always better to know your options better than choose at random. Here follows a glimpse of top five UK and US based insurance companies that are popular, reliable and competitive:
Top 5 US Auto Insurance Companies:
- State Farm Insurance, Bloomington, Illinois (website) is a group of large insurance and financial services companies from US since 1922, the entity offers comprehensive insurance services, including auto insurance for your brand new race car.
- LibertyGuard® Auto Insurance Group, Boston (website) is another popular US insurance company offering coverage for your race car from collisions to theft to you with absolute customer-friendly facilities.
- Nationwide Mutual Insurance Co., Columbus (website) is a friendly insurance company that endeavors to provide you with the most economical auto insurance rates to meet comprehensive coverage as regards your race car. The policies on offer include limited coverage like collision, towing/ labor, Gap coverage or rental reimbursement, as well as a comprehensive policy with all-inclusive coverage.
- Erie Insurance Group, Erie, Pa (website) is offering customizable packages towards private passenger auto insurance.
- Motorsports Insurance Services Inc., Los Angeles, CA (website) provides a broad range of insurance services for owner of a specialty car, manager a racing team, sponsor of a motor sport event or any commercial entity seeking insurance needs.
Top 5 UK Auto Insurance Companies:
- Everitt Boles Limited, London (website) offers comprehensive and expert insurance services for racing cars.
- Direct Line Insurance (website) is catering car insurance to its international customers, since 1985, via phone and Internet.
- AXA group (website) is a reputed insurance company functioning at a global scale and offering motor insurance for lucrative terms and conditions.
- MRL Insurance Direct (website) is one among the world’s largest insurance companies that provides you simple and quick means to cover your race car with a range of policies.
- Swiftcover Car Insurance (website) provides you with robust car insurance policies to render your life easier.
It is, however, noteworthy that you may require a combination of policies to effectively cover motor sports risk for you. In fact, an array of insurance policies will respectively cover risks arising out of:
- Disability, loss of income and medical expenses;
- Off track travel;
- On track travel covering racing, rallying, testing, practicing et al.
So if you wish to secure off track and on track travel hand in hand, you will have to take up two insurance policies.
Besides individual driver and/ or rider, you may also seek motor sports insurance for race teams, motor traders, manufacturers, circuits, promoters and even sponsors.
