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Life Insurance for Race Car Drivers & Drag Racers

Specialized Life Insurance for Race Car Drivers & Drag Racers: A Guide to Securing the Best Rates in [2024]

If you are shopping for life insurance for race car drivers and drag racers, we offer specialized life insurance specifically tailored to your racing class. Our lifeLife Insurance for NHRA Drag Racers insurance for motorsports racing provides drivers with peace of mind and financial security in the face of the risks associated with your passion.

We understand the thrill and dedication that comes with racing, which is why we have partnered with companies that have a liberal stance on racing. This enables us to offer you the best rates possible, ensuring that you and your family are protected in the event of the unexpected.

With our simple and straightforward application process, obtaining life insurance as a race car driver has never been easier. We value your time and appreciate your passion for racing, which is why we have streamlined the process to make it hassle-free. Keep reading and I will go over what you need to know. 


Driving a hydrogen peroxide rocket car or a top fuel dragster will not impact your eligibility to purchase affordable life insurance.


A Look From the Insurer’s Point of View

The process for obtaining life insurance for motorsports racing is uniform across all racing classes.

Always keep in mind that life insurance for race car drivers is virtually the same regardless if you drag race cars, race motorcycles, boats, jet cars or even tractor pull competition for that matter.

Where the difference comes into play is the likelihood of having a fatal accident.

For example, which would normally be more hazardous, a 12 second ET bracket car or a hydrogen peroxide rocket car? Carriers are looking at the intensity of the risk of a fatal crash, which is just common sense.

This also includes oval track classes such as NASCAR and Indy racing and we can’t forget the Formula One cars, off-road cars and even Kart racing. Drag racing boats are considered hazardous because of the simple fact that boats have no brakes.


Is Drag Racing Coverage Included in a Life Insurance Policy?

The most common question we hear is, does life insurance cover drag racing? The answer is yes as it can cover all forms of racing sports.

Drag racing is covered by a new life insurance policy as long as you have revealed that you are a race car driver. If therelife insurance for race car enthusiasts is a policy you have purchased in the past prior to your motorsports racing involvement, you will be covered.

If you purchase race car driver life insurance while actively racing, you will have to state that you race when you get to the hazardous sports question portion of your application.

As long as your insurer knows you are participating in racing, you will be fine if a claim arises down the road.

There may be a 5-minute supplemental questionnaire that will have to be completed when you apply for new life insurance.


Race Car Drivers With Medical Conditions

As with all life insurance applications submitted, an individual’s health history holds the greatest importance in the underwriting process.

The underwriting process for race car drivers involves assessing both medical conditions and the risks associated with racing events. While the latter is taken into account, medical conditions remain the primary deciding factor.

This is why choosing the best life insurance company for race car drivers with medical conditions is so important. This scenario involves the risk of medical issues alongside the perils of a so-called hazardous sport or profession. Applying with the wrong carrier might mean facing higher premiums or a rejected application.

As an independent agent also known as a broker representing over 40 life insurance companies, we possess the expertise to identify and recommend the most suitable life insurance options specific to motorsports racers.


What Type of Life Insurance Options Are Best? 

Banner Life is just one of our go-to carriers that is very liberal to participants of racing sports.

There are many life insurance options for professional racers and amateurs alike to choose from. We will cover the top three types of life insurance options to carefully consider: 

Term Life Insurance:

Term Life Insurance for race car drivers would be my first choice with no close second. Most companies only go as high as thirty years, but Banner Life offers 35 or even 40 years of term coverage. 

If you are considering purchasing life insurance for race car drivers, you can begin with a base premium just as any policy would, but with the possible inclusion of a flat extra fee.

Companies such as Banner Life have very competitive rates and seldom add flat extra fees to their policies.

Universal Life Insurance:

Next on the list would be a permanent product called Universal Life which will cover you for the rest of your life with no possible gaps in coverage as long as you pay your premiums.

The only side-effect of Universal Life would be the fact it costs more than term insurance. If you need a high face amount (death benefit), apply for a term policy.

No-Medical-Exam Life Insurance: 

Last on the list would be a very nice product if you are in good health and do not want to take a physical exam by a para-med nurse coming to your home or place of employment.

This policy design would be another good choice for race car drivers due to the fact you can purchase no medical exam life insurance in the form of term insurance but eliminate the exam and also have a more brief application to complete.

Questions Routinely Asked by Insurers 

These are some of the main questions that your carrier will base your rates on:

1. What class do you race in, for example, Top Fuel, Pro Modified, Pro Stock?
2. What is your average top speed?
3. Types of racing fuel such as gasoline, alcohol, and nitromethane.
4. How many times do you race per year?
5. How much racing experience do you have?
6. What is your average elapsed time of the quarter-mile?

Your health history will still be the insurer’s primary concern.

Life insurance companies now hold a more positive view towards motorsports racing due to enhanced safety regulations.

Will Engagement in Auto Racing Increase Premiums?

The risk can grow more significantly as ETs decrease and MPH increases, potentially leading to a more hazardous class of drag racing.

There is a possibility that your standard base rate may increase. This will depend on the type of racing you do. Your rates could increase due to health conditions and other essential criteria such as height and weight. The carriers will be far more concerned with your current health history than your participation in drag racing.

It always pays to run a quick 5 minute risk assessment if you have any medical issues or are overweight before applying. We will cover possible additional fees for drag racing life insurance and other motorsports in the next paragraph below.


Flat Extra Fees & How They Affect Motorsports Racers

A flat extra is an added fee that could possibly be added to your base rate to cover the additional risk insurers are taking.

There are two different ways your rates can be increased. The first way is with your health classification. This is usually connected with health conditions, height, and weight issues. Also, a family history of early death before age 60 due to Cancer or heart disease runs in the family.

A flat extra fee may be used for high-risk occupations or risky sports and hobbies. Sometimes there can be a change in health classification and flat extra fees simultaneously. A “flat extra” fee adds a flat dollar amount to each $1,000.00 of face amount coverage.

In most cases, if a flat extra is used, it will not be very costly unless you’re looking for a very high face amount and your car is in the most hazardous classes such as top fuel, jet car, or rocket classes. Flat extra fees are not always added to the drag racers policy. We try to utilize carriers that don’t often use these additional charges.


Obtaining life insurance for racing classes such as stock cars, motorcycles, and boats follows the same procedure as applying for NHRA Drag Racers.

Stock Car Racing and the Role of Life Insurance

Even though stock car racing is not the same as drag racing, the application process works the same.

Like other forms of stock car racing, NASCAR racing is big business in the United States. NASCAR racing has millions of dedicated fans nationwide. Applying for life insurance for stock car drivers is handled virtually the same as drag racing, with a possible flat extra added. There are times when there are no extra charges at all.

If there is, a stock car driver can eliminate the extra fee by removing the coverage for driving the race car down a racetrack. Life insurance for stock car racing is straightforward regardless of what class you race in.

Applicants’ health conditions are the primary focus for life insurance providers, even surpassing concerns about racing activities. If you maintain good health, you’ll likely secure excellent rates.

How to Compare Life Insurance Quotes for Race Car Drivers

You can get a head start and compare plan designs and rates on our instant quote engine or by using the form on the right.

We can answer any of your questions seven days a week. We’re here to help you find the best option that fits both your budget and specific needs.

Our extensive experience with over 40 top-tier companies enables us to select the most competitive and suitable carriers for our clients who participate in motorsport racing, whether for recreational or professional purposes.


Save Time & Apply Over the Telephone

Obtaining life insurance for race car drivers is now more convenient than before through easy phone applications. Answering phone questions will enable you to complete your application in approximately 15 minutes.

Applications, whether in the form of lengthy paper documents or complex online versions that require a computer and fast internet connection, are no longer an issue.

You will enjoy using the SnapApp system, which makes applying a breeze.


Our Final Thoughts

Obtaining life insurance for race car drivers is neither difficult nor costly. Don’t hesitate to contact us by phone or email to get your questions answered.

Applying for life insurance for drag racers is a snap when you have an experienced broker with actual drag racing experience helping you.

All the best,
Jack Venturi

*Should you have any questions or need further assistance, please don’t hesitate to call us at 815-390-7545 for an immediate response.


Jack Venturi Independent Life Insurance Agent

Jack Venturi

Independent agent and founder of

Jack Venturi has over 30 years of experience educating and helping people find the best life insurance products at the lowest possible premiums over the phone (815)-390-7545 and online.

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