The 36-year-old actor - who has two children with his wife Bryana Holly - was driving a Ferrari around the Daytona International Speedway track in Daytona Beach, Florida at the time of the incident, which left his family horror-stricken.
According to the Daily Mail newspaper, Hoult told the audience at the Red Sea Film Festival in Jeddah, Saudi Arabia, on Monday: "I had my first crash at Daytona this year.
"It was terrifying for my wife and children.
"That was a weird feeling because as I was spinning across the track, all I can remember thinking was, 'Oh, this is what it feels like.'
"You know when you haven't experienced something before and then it's happening and it's quick, but it's happening, you're like, 'Oh, this is it.'"
Following his smash, Hoult - who has son Joaquin, seven, and a second child who was born in 2022 - and his boy watched movie F1, which features Brad Pitt as fictional racing driver Sonny Hayes, and the pair tried to re-create parts of the movie during a go-karting session.
He is quoted by Variety as saying: "I took him go-karting a few weeks after that, and just as we were about to walk out the door, he goes, 'Wait, wait, wait,' and he goes running off, and he comes back. 'Where'd you go? What happened? What is it?' And he showed me he had two playing cards.
"I don't know if you remember Brad Pitt's character has his two playing cards, his lucky playing cards for whenever he drives.
"So my son was like, 'Oh, I need my playing cards to be like Brad.'"
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