Affordable Life Insurance for NHRA Drag Racers
Whatever racing sport you participate in, we can help you find the best life insurance product to fit your budget.
1/4 Mile NHRA Drag Racing
The life insurance industry classifies drag racing, as a “hazardous sport” for the drivers of 1/4 mile vehicles. Therefore purchasing life insurance for NHRA drag racers will be a little more complicated. Especially when compared to purchasing life insurance for a golfer or tennis player. The life insurance companies have relaxed on Motorsports racers. It is now a more simple process to buy life insurance for people that drive racing vehicles. This article has been written as a guide to help you find the best life insurance rates for drag racing. Keep reading along and I will show you how to find the lowest rates possible.
Providing low cost life insurance for Motorsports racers is our specialty market. We provide the best online life insurance quotes for drag racers from the highest rated insurers in all 50 states. You can also apply with a quick and simple telephone application.
Here are some of the drag racing classes we work with on a regular basis. Pro Stock, Pro Modified, Pro Street, Pro Comp, Outlaw Super Stock, Super Gas, Rocket Dragsters, Jet Dragsters. Also, Nitro Funny Car, Top Alcohol Funny Car, Top Alcohol Dragster, Nitro Coupe, Nostalgia Class Front Engine Dragsters. We also include Rear Engine Dragsters, Diesel Truck, Top Sportsman, Electric Dragsters, Super Comp, Top Fuel, Stock Eliminator. Also, Heritage Class, ET Bracket Racers, NHRA Top Doorslammer.
If you race Nitro Methane cars, Jet Dragsters or even Rocket Powered vehicles, you can still be approved for affordable life insurance rates.
Even if your car runs on Nitro Methane or Alcohol there is no problem getting life insurance. Any of the Rocket and Jet related fuels will allow you to purchase affordable life insurance. Whether or not your race car runs a Supercharger, Turbocharger or is Naturally Aspirated there is no problem being covered. Elapsed time and top speed are considered the most important numbers taken into consideration in the insurance rating process.
Understanding the racing sports along with extensive insurance experience can make this a nice smooth process without the headaches. Working with the life insurance companies that have the most positive attitude is critical. Companies that are friendly towards the Motorsports racing world is the most important ingredient to securing the lowest rates. Don’t hesitate to call for a free Term life insurance quote right over the phone today! There is no cost or obligation when you receive help from an insurance agent.
We work with over 40 trusted life insurance companies to make sure you get the lowest possible life insurance rates. Feel free to use our websites quote engine to compare the best online life insurance quotes. If you have any medical conditions we can run a free medical pre-screen to make sure we use the best life insurance company that will offer you the lowest rates. Purchasing high risk life insurance for racers is not difficult at all. This is especially true when you work with this market everyday as we do. If you have any medical conditions and you are an NHRA sanctioned drag racer, hopefully your physical exam required by the NHRA licensing system will not prevent you from drag racing.
NASCAR & Oval Track Racing
NASCAR racing like other forms of stock car racing is big business in the United States. NASCAR racing has millions of dedicated fans nationwide. Life insurance for NASCAR drivers is handled virtually the same as Drag Racing with “flat extra” being added. A stock car driver can eliminate extra fee by removing the coverage for driving the race car down the racetrack.
If the coverage for driving on a race track is removed, the premium will not cost any more than a conventional policy. It would be the same as a person buying life insurance with no hazardous sport. The majority of the time a drivers spouse will be asking for a life insurance policy. Racing makes most women worry about their spouses have an serious crash. Leaving left behind without their husbands income would be a financial nightmare. Affordable life insurance for drag racers and other Motorsports drivers is our specialty and we do it well.
Use our quoting system to compare over 40 trusted companies side by side in less than a minute!
Motorcycle Racing: Dirt Track & Paved Surface
There are many classifications of motorcycle racing the United States due to the fact motorcycles are so diversified in their designs and manufacturers. They can be as different as night or day but they would fall into the same basic category. It would be the same as when they are going down the track. Regardless of your specific version of motorcycle racing, your rates would depend on the usual rating factors. The factors would be class, top speed, experience level, type of fuel, and sometimes horsepower.
The various life insurance companies vary in the way they underwrite the life insurance applications. Just like the other classes of racing in the U.S. the life insurance policies can have an exclusion. The elimination for the actual racing coverage which would prevent the premium from increasing.
Drag Boat Racing: All Classifications
Like the other racing sports you will see on the page, competitive boat racing is another popular sport in the United States and naturally race boat drivers needless to say have a need for life insurance just like the rest. Boat racing has made a big splash in this country in the last few years. In the past, boat racing had developed a reputation for being one of the most dangerous forms of racing. The modern boat racing is getting a much better track record than ever before.
The boat designs are becoming more and more high tech with each passing year. The great part about new boat designs is the fact the safety features of the boats have drastically improved. This makes a considerable difference in the case of a high speed boat accident. When the safety features improve, the statistics of injuries and reported deaths of racing boat driver improve. This will inevitably lead to lower premiums because of the risk factor. The life insurance industry is re-evaluating all forms of racing classifications. The results have been very positive for an easier application process and lower premiums.
Affordable Life Insurance for Amateur and
Professional Motorsports Drivers.
How do the insurance companies calculate your rates? Here’s how it works and it is a very simple system.
If your sport is drag racing, stock car racing, motorcycle racing, or boat racing, the life insurance rates are calculated in the very same way. This rating system is called a “flat extra” charge which is added on to your standard base premium.
The main concept to remember is if you are applying for life insurance, the application process is a mirrored image of a conventional application that anyone else would be using that is applying for affordable Term life insurance. Visit the NHRA website
Here is a simple example of how a flat extra charge is calculated to generate the final rates:
Joe is applying for a $100,000 Term life insurance policy with a premium of $750.00 per year. Joe drives a 69 Camaro 9 second car that runs on gasoline and has top speeds of 160 MPH. The life insurance company adds a $2.50 flat extra charge to Joe’s policy. The flat extra charge is multiplied by every $1,000.00 in life insurance coverage.
Here is the breakdown for this example:
Flat Extra Charge – $2.50 multiplied by 100 for Joe’s Face Amount of $100,000 = $250.00
Joe’s Base Premium – $750.00 + $250.00 Flat Extra = $1,000.00 which would represent Joe’s grand total per year.
Keep in mind that several of the companies I work with will many times waive the flat extra charge. The premium will then not go up at all due to the racing the applicant is active in. This companies can do this on a case by case basis. Take a moment to read our about us page to learn more about us and our business.
Don’t hesitate to call us at 800-897-5699 with any questions you may have.
We are available 7 days a week.