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Best Life Insurance for Race Car Drivers (2025)

Does Driving a Race Car Affect Life Insurance? Explore Our Complete Guide for 2025 + YouTube Video

There are many excellent options available for life insurance for race car drivers at very affordable rates. If you areLife Insurance for Race Car Drivers considering applying and you are active in motorsports racing, you may very well qualify for preferred rates which was unheard of in the past.

This guide will walk you through all your options and help you apply for premiums that will easily fit your budget. The good news is that many life insurance companies have relaxed their underwriting concerning driving a race car. This means it is now easier to apply and receive better rates than ever before. 

After reading this blog post, you’ll have a much better understanding of how motorsports racing impacts life insurance, the options available to you, and tips to find the right policy for your specific needs. We have been active in auto racing life insurance for over three decades and fully understand this great sport of ours.

 

Frequently Asked Questions:

Our comprehensive frequently asked questions section below will answer most all of your questions:

Q. Can Race Car Drivers Purchase Life Insurance? 

Absolutely, race car drivers can absolutely get life insurance! Regardless of the type of motorsport you’re involved in, there are policies designed specifically for hazardous activities such as Motorsports racing.

Life insurance providers understand the risks involved in racing and will work with you to create a plan that protects you and your loved ones.

If you inform the insurer about your specific type of racing activity during the application process, your policy will include coverage for your specified class of motorsports racing.

The carriers have programs for virtually every form of racing. Life insurance for drag racers is one of our most common requests. Motorsports racing fatality statistics are now lower than ever and they keep going down.

Q. Can a Race Car Driver Qualify for Affordable Life Insurance Rates?

Yes, if you are in good health, we use insurers that will approve you with preferred rates which has usually been unheard of in the past. Most other companies would classify race car drivers in the Standard or Standard Plus rate category at best.

Getting approved for preferred non-tobacco rates is the key to getting the lowest rates possible. Read more about health classifications and how they directly affect your premiums.

Q. How Does the Type of Racing Impact Life Insurance Coverage?

Life insurance companies spend millions of dollars every year on the development of statistics. These statistics help them understand the risks they are taking when providing someone with a life insurance policy.

The type of racing you participate in reflects the dangers involved, such as, what is more dangerous, driving a Jr. Dragster or a Top Fuel Dragster?

Q. Why Is Life Insurance So Important for Race Car Drivers?

Racing is more than a sport; it’s a lifestyle. But it has its inherent risks that we know periodically causes fatal accidents. It’s important to protect your family’s financial future.

Life insurance provides financial security for your loved ones, ensuring they’re taken care of in case of an unexpected event. 

With the right coverage in place, you can hit the track with peace of mind, knowing your passion won’t compromise your family’s well-being.

Q. Are There Specific Life Insurance Companies That Specialize in Covering Race Car Drivers?

There are no carriers that specialize in auto racing life insurance, but there are multiple insurers that are definitely considered friendly and liberal towards them and provide the lowest rates. We use these types of insurers exclusively for our motorsports applicants.

Q. How Does Involvement in Motorsports Racing Affect Life Insurance Eligibility?

Participating in motorsports racing can definitely impact life insurance eligibility and premiums, depending on the type of racing, safety measures, and disclosure practices. Here’s a breakdown of the key factors:

Most insurers will offer life insurance coverage to motorsport racers, but your policy will normally result in higher premiums than if you did not race at all. 

The most important factors are the frequency of which you race, such as more than 10 times per year, your top speeds and what type of safety equipment you and your race car are equipped with.

If you are in good health, your life insurance application should be approved regardless of what type of a race car, motorcycle or boat you happen to race.

Q. How Can I Find a Life Insurance Broker Specializing in Motorsports Coverage?

The easiest way to find an insurance broker that specializes in motorsports racing insurance is to simply call us at 708-334-6226 7 days a week. We will answer all your questions and show you all your options at no cost or obligation.

Q. Is It Possible My Life Insurance Application Will Come Back With an Exclusion Rider? 

If you do not request an exclusion rider for racing exposure, your insurer will not issue you any such rider at all. Most life insurance companies would not exclude racing with a rider, even if you ask for one.

 

 

Best Life Insurance Companies for Race Car Drivers

John Hancock:

Why: The go-to provider for virtually all types of auto racing life insurance

Coverage Type: Term life insurance issued with preferred rates which is unheard of with most insurers. They also issue policies with minimal flat extra fees compared to other carriers.

Best For: Professional race car drivers and amateur drivers alike. 

Prudential:

Why: Known for flexible underwriting and offering coverage to high-risk individuals, including those with dangerous jobs or hobbies.

Best For: Competitive rates for term and permanent policies, even for those with higher risk profiles.

Banner Life (Legal & General America):

Why: Offers competitive rates and fair underwriting for auto racing life insurance.

Best for: Term life insurance, affordability.

Protective Life:

Why: Often lenient in underwriting and protective life has a reputation for offering term life insurance for race car drivers with some of the lowest rates in the business.

Best For: Cost-effective term policies and layered coverage options.

AIG (Corebridge Financial):

Why: Accepts more complex applications and is willing to work with high-risk applicants.

Best For: Those who want guaranteed issue and universal life options.

Assurity Life:

Why: Specializes in underwriting for niche jobs and hobbies, including race car drivers and pilots.

Best For: Applicants who want personalized attention for specialized risks.

Mutual of Omaha:

Why: Known for strong customer service and working with applicants in higher-risk professions.

Best For: Term and whole life insurance with flexible riders.

Transamerica:

Why: Offers a wide range of coverage types and is open to underwriting applicants with unusual or high-risk backgrounds.

Best For: Broad policy variety, including indexed universal life.

 

How We Make Applying for Life Insurance Simple and Easy

We are independent agents (brokers) and we have been making securing life insurance a seamless experience for 29 years. Here’s what you can expect when working with us:

Personalized Advice:

We work closely with our applicants and guide them through the entire process, answering their questions and addressing their concerns every step of the way.

Specialized Expertise:

With over 30 years of actual drag racing experience, we know the ins and outs of motorsports life insurance.

Access to Racing-Friendly Insurers:

We partner with the top life insurance companies known for insuring high-risk activities, ensuring you get the best offers available.

Simple Telephone Application Process:

Our application-friendly approach streamlines every step, so you can focus on what you love most. We use a simple and quick telephone application referred to as the SnapApp system.

 

Here’s How to Make Sure You Are Getting the Lowest Rates!

Saving money on life insurance as a race car driver requires thoughtful planning and the right partnerships. Here’s how to secure the best possible rates:

Work with an Independent Agent:

Independent agents (brokers) have access to multiple providers and can shop around for the best rates tailored to your unique needs.

Partner with an agent who understands racing firsthand. For instance, our team includes former drag racers, meaning we truly “get” what you do and have established partnerships with racing-friendly insurance companies.

Be Honest About Your Racing Activities:

Transparency is key to avoiding issues with claims down the road. Clearly disclose your participation in racing during the application process, including specific details such as your racing class, top speed, and event type.

Compare Plans from Specialized Insurers:

Years ago, many insurance companies would shy away from life insurance for drag racers, but not anymore. Now they welcome drag racer life insurance and today many well-known companies welcome them. Some have more lenient policies for motorsports enthusiasts, resulting in lower premiums and broader coverage.

Consider Term Life Insurance:

For most drivers, term life insurance offers the best value. It provides coverage for a set period (e.g., 10 to 40 years) and typically costs less than permanent options like whole life or universal life insurance.

Term life insurance for race car drivers is a very affordable way to ensure your family is financially protected during your racing career.

Prioritize Your Health:

While your racing activities are a major factor, your overall health can make an even bigger difference in your rates. Take steps to improve your health by managing your weight, staying active, and controlling existing medical conditions like high blood pressure.

Avoid Being Over Insured:

Ensure the coverage amount aligns with your financial needs and obligations. Overestimating your required coverage may lead to unnecessarily high premiums.

 

Types of Racing Typically Covered by Life Insurance Policies

Virtually all types of racing can be covered, including:

  • Drag Racing (e.g., Top Fuel, Nitro Funny Cars, Drag Motorcycles, etc.)
  • Stock Car Racing (e.g., NASCAR)
  • Drag Boat Racing
  • Drag Bikes, Motocross & Dirt Bike Racing
  • Jet Car Classifications
  • Hydrogen Peroxide Rocket Cars

The coverage process is similar for all types of motorsports, though premiums may vary depending on speed, racing frequency, and other factors. Purchasing life insurance for race car drivers is now a snap.

 

Best Types of Life Insurance Policies for Race Car Drivers

Term Life Insurance:

When comparing the many types of life insurance policies available, affordable term life insurance is the most cost effective and logical plan design to apply for. Term policies are purchased for a specific time period and then terminate when 

You can compare over 40 of the most competitive insurers displayed side-by-side on our website quoting engine which will give you an idea of what to expect. 

Universal Life Insurance:

Universal life insurance is a permanent form of coverage that will last for the rest of your life unless you cancel or stop paying your premiums. You can also purchase universal life with a cash value option also. These policies are much cheaper than whole life and can be a great option to consider.

No-Medical-Exam Life Insurance:

Also known as non-med policies, no physical exam is required and there are fewer medical questions to answer. These policies also have an extremely fast turn-around time if you apply and need coverage fast.

 

What Are the Typical Costs Associated With Auto Racing Life Insurance?

There are two parts to the policy premium when a high risk sport or hobby is involved.

The cost associated with auto racing life insurance with simply be the base policy premium and a flat extra fee. The base premium will normally reflect the conventional premium for the policy if there was no racing risk involved. The flat extra fee with be the added premium to cover the additional risk of the racing participation.

Examples of Policy Type Cost Comparisons:

Coverage Type Example Premiums Notes
Term Life $29–$96/month (base rate for $500k coverage) Add $2.50–$7.50/$1k flat extra for racing.
Universal Life $140–$350/month (for $500k) Permanent Coverage but higher premium cost.
Simplified Issue $160–$350/month (for $750k) No medical exam required.
Final Expense $75–$225/month (for $25k coverage) Small-face-amount policies for end-of-life costs.

 

Underwriting Factors That Will Influence Your Rates?

When applying for life insurance for race car drivers, your insurance provider will assess multiple factors, including both your racing activities and your overall health. Your health will always be much more important than your racing.

Here are some factors that determine an applicant’s premiums:

How Much Experience Do you Have?

How long have you been racing, and what’s your level of experience? 

What Type of Fuel Do You Use?

This is a very important question that will affect your rates. Fuels such as: Gasoline, Alcohol, Nitro Methane, Hydrogen Peroxide and Jet Fuel.

What Is Your Average Speed On the Track?

This is one of the most important questions. Needless to say, the faster you go, the chance of having a fatal collision increases.

How Often Do You Race?

How many times a year do you race? The more you race the increases the possibility of one day having a life threatening wreck.

What Type of Safety Equipment Do You Use?

Are you racing on professional tracks with certified safety protocols? What type of safety equipment is your vehicle equipped with?

What Is Your Current Health Status?

Your age, weight, health conditions, and family medical history hold significant weight.

What Is Your Driving History?

Your state driving record, traffic violations and accidents may impact your premium.

Depending on these details, your rates could include a “flat extra fee,” which is an additional charge based on the perceived risk of your hobby or profession.

However, working with an insurance company that specializes in motorsports can help reduce these costs. Sometimes a flat extra fee is not even required.

 

Life Insurance for Drag Racers

About 90% of our requests are relevant to life insurance for drag racers. Applying for life insurance for boat, motorcycle and stock car racers will be underwritten in the exact same way.

The modern application process is very simple today and insurers have a much friendlier view of motorsports racing which in turn leads to lower rates.

 

Getting the Best Life Insurance Quotes for Race Car Drivers

Now that you’ve scrolled down to the end of this blog post, you’re probably wondering how much a term life insurance policy cost. The best life insurance quotes for race car drivers will be broken up into two parts. The first part is the base premium itself. This would be the cost of the term policy without factoring in the added expense for the racing exposure.

Simply activate our instant quote system form on the right and you will see premium comparisons from approximately 40 top rated insurers. I would recommend using “Standard Plus” in the health classification drop down list. Look for companies such as Banner Life, Pacific Life and Protective Life. They work well to offer very good life insurance options for race car drivers. 

There are a couple of other very competitive companies I use that will not appear in our quote engine. Looking at the base rates from the three companies I mentioned will allow you to get an idea of what the premiums will be for the base policy premium. The next portion of the quoting process will be the actual cost factor for the racing itself.

If you complete the racing questionnaire below, I will be able to calculate what your life insurance options and premiums would be. I personally recommend simply contacting me on the phone (708-334-6226) or emailing me ([email protected]) and I will give you an accurate quote within about 5 minutes.

 

Complete Our Racing Questionnaire to Receive an Accurate Rate Quote

If you are looking for a precise quote based on your specific class of racing, click on this link to download our racing questionnaire. You can either phone it in, email it or fax it back to us and we will be able toRacing Questionnaire provide you with an accurate projection of what your rates will be.

Make sure to let us know if you have any health conditions as they may also affect your premiums.

Our Contact Us page contains our email address and fax number. Don’t hesitate to let us know if you have any questions. We are available seven days a week!

 

Start Securing Your Family’s Future

Don’t leave your family’s future to chance. Take the first step toward financial security by speaking with one of ourDrag Racer Life Insurance experienced agents with actual drag racing experience.

Call us now at 708-334-6226 for your free life insurance quote. With our expertise and wide network of providers, we’ll help you find the perfect policy at the lowest possible rates.

All the best,
Jack Venturi

Jack Venturi Independent Life Insurance Agent

Jack Venturi

Independent agent and founder of BestChoiceLifeInsurance.com

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 at (708)334-6226 and online.