Track day insurance is not a legal requirement. However, if you are a car enthusiast and likely to take part in a track day you will not be covered under a standard car insurance policy. So, track day insurance may be worth considering. Even though a track day is an amateur event there is still a chance you could accidentally hit a tyre wall, another car or another car might hit you.
Track day insurance will mean you are covered for accidental damage, fire and theft during a track event. It does, however, exclude third party liability (you will not be covered for any damage you cause to another car). But this may not come as a surprise to you as drivers generally accept any damage is their responsibility on a track day.
Track day policies can be track specific, and some locations may be more expensive than others. For example, a track with a larger run-off area will likely mean that you're offered cheaper car insurance. However, you will not be covered for a competition, and track day insurance is an additional insurance specifically for track days. The good news is you can get cover for one event or all season, so it’s up to you depending on how regularly you attend track days.