| I think the arguement assumes...
#1, track riding is not already factored into the premium, and is additional to the road miles you do therefore a higher overall risk regardless of how safe it is relative to road miles,
#2, Insurance premiums are loaded according to historic claim costs, therefor if insurers have previously not paid out for it then they wouldn't have had any cost to add to your premium as a result,
#3, £130 per event "trackday insurance" policies sell far less than road policies, so you've also got to consider profit margins divided by number of policies sold.... therefore the two prices cannot be directly compared. |