Compare Rates

Life Insurance for Drag Racers

Life Insurance for Drag Racers | Complete Definitive New Guide for [2022]

Life Insurance for NHRA Drag Racers

The life insurance industry generally classifies drag racers as being involved in a risky sport. Regardless of what youlife insurance for drag racers drive, it is a snap to buy life insurance and long as you are relatively healthy. Even if you drive a nitro funny car, rocket car, or jet car. You can still buy drag racer’s life insurance without any snags or issues. Throughout the years, life insurance companies have relaxed their views on drag racing and all the other motorsports types of racing.

It is now a simple process to buy life insurance, get affordable rates, and drag race at the same time. Many times we find that there is no extra charge for the additional risk of drag racing when you apply with the proper life insurance companies.

Please Note That Purchasing Life Insurance for a Drag Racer Will Be Virtually the Same as for Boat, Motorcycle, and Stock Car Drivers.



Is Drag Racing Covered by Life Insurance?

In a short answer, yes drag racing is covered by life insurance. If you have a policy that you purchased before your racing involvement, there should be no problems at all. If you purchase life insurance while you are currently racing, you will simply state that you race when you get to the hazardous sports questions on your application.

As long as your new life insurance company is fully aware of your motorsports racing you will be fine. There may be a 5-minute supplemental questionnaire that will have to be completed when you apply for new life insurance also. Regardless of whether you are an NHRA drag racer or not, the life insurance process works the same.


Questions the Life Insurance Companies Will Ask

  • What class do you race in, such as Dragster, Pro Modified, etc?
  • What is your average top speed in miles per hour?
  • What type of racing fuel does your vehicle use?
  • How many times do you race per year?
  • How much racing experience do you have?
  • What is your average elapsed time in the quarter-mile?

The life insurance companies have a much more relaxed outlook on Motorsports than they have in the past. This is thanks to the many new safety rules and regulations that make it a much safer sport.

Will Drag Racing Cause My Rates to Increase?

There is only a possibility your normal base rates may increase. This will depend on the type of racing you do. The main reason your rates could go up is due to health conditions and other important criteria such as your height and weight. The carriers will be more concerned with your current health history than if you race any type of vehicle.

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


What Are Flat Extra Fees for Life Insurance?

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 running in the family. When it comes to high-risk occupations or risky sports and hobbies a flat extra fee may be used. Sometimes there could be a change in a health classification and a flat extra fee at the same time.

A flat extra fee is a flat dollar amount added 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 nitro, jet, or rocket classes. Flat extra fees are not always added to a drag racers policy.


Examples of Flat Extra Fees for Racing

Let’s look at two different examples of flat extra fees being used for drag racers with two different types of 1/4 mile cars.

Our first driver is Mike who is 35 years old and drives a Supercharged Pro Modified car that runs low six-second ETs. Mike is applying for a $100,000 term life insurance policy. Considering the fuel, ETs, top MPH, and the Pro Modified class. The insurance company determines a $2.50 flat extra fee be added to Mike’s policy.

The normal base premium for his policy would normally be $680.00 per year. The flat extra fee that will be added is going to be calculated by multiplying the $2.50 flat extra fee for each $1,000 in face amount and Mike’s case it would be 100. Here is the breakdown of the fee.

$2.50 x 100 = $250.00 (flat extra fee) the flat extra has to be added to the base premium of $680.00 for a total of $930.00 per year.

Our second driver is Pete who is 38 years old and drives a Top Alcohol Funny Car. Pete is applying for a $150,000 term life insurance policy. Taking into consideration that Pete’s car is a blown alcohol car running lower ETs and higher MPH than Mike. The insurance company decided to add a $3.50 flat extra fee to Pete’s policy.

The base premium for his policy would normally be $740.00 per year due to the fact he is a little older. The flat extra fee that will be added is going to be calculated by multiplying the $3.50 fee for each $1,000 in face amount and Pete’s case it would be 150. Here is the breakdown of the fee.

$3.50 x 150 = $525.00 (flat extra fee) the flat extra has to be added to the base premium of $740.00 per year for a total of $1,265 per year. 


Life Insurance Policy Exclusion Riders

If you are faced with an increase in your premiums based on your participation in racing. Some companies will issue an exclusion rider which will allow you to have conventional rates with no extra cost for racing. The side effect of these exclusion riders is you will not be covered for being killed in the act of racing. This can be acceptable with some racers but not with others. Most of the time they are buying life insurance for the sole purpose of their family is financially protected if they are killed on a race track. This is something you have to give considerable thought to.


Life Insurance for Stock Car 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 a possible flat extra being added. Many times there is no extra charge 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 if need be. Regardless of what stock car class you race in, life insurance for stock car racers is very simple.


Life Insurance for Motorcycle Racing

There are many classifications of motorcycle racing in 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 life insurance applications. Just like the other classes of racing in the U.S. the life insurance policies can have an exclusion. Thanks to much more relaxed underwriting and safety equipment purchasing life insurance for motorcycle racing is no problem at all. 


Life Insurance for Drag Boat Racing

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 need 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. Modern boat racing is getting a much better track record than ever before. There are many classes of boat racing in the US and obtaining life insurance for boat racers is a simple process and not costly.


The most important concern the life insurance companies have is your overall health. This is much more important than the risk of drag racing. If you’re in good health, you can qualify for excellent rates.

Comparing Life Insurance Quotes for Motorsports Racing

Contact an independent agent like us to help you shop the market and answer any of your questions. If you have any medical concerns, get them pre-screened before you apply. Get a head start and compare plan designs on our quote engine by using the form on the right.

We are available 7 days a week to answer any of your questions and help you select the best policy for your specific needs and budget. Keep in mind that not all life insurance companies insure people that drive race cars. We work with over 40 top-rated companies and know from experience which ones are the best for our clients that race.


Apply Over the Telephone in Minutes

Applying for life insurance for drag racers is now faster than ever with simple telephone applications. All you have to do is listen to the questions and answer the questions over the phone and your application will be completed in about 15 minutes or less. No more time-consuming 20-page paper applications or confusing online applications that require the use of a computer along with a fast internet connection. We use the SnapApp system which makes applying a breeze.


In Conclusion

Don’t hesitate to contact us by phone or email and get your questions answered right away. Applying for life insurancelife insurance for drag racers for drag racers is a snap when you work with an experienced Broker. Don’t hesitate to take advantage of our website’s instant quoting system and compare quotes from over 40 top-rated companies in less than a minute. You may contact us 7 days a week from 9:00 AM – 9:00 PM. 

All the best,

Jack Venturi

You may set up a time to chat at your convenience.  Get all your questions answered within minutes, with no cost or obligation.


Jack Venturi Independent Life Insurance Agent

Jack Venturi

Independent agent and founder of

Jack Venturi has over 30 years of experience selling individual and commercial insurance including Property & Casualty, Health, Disability and Life insurance. Jack has helped thousands of people all across the United States purchase the best life insurance products at the lowest possible premiums over the phone (800)-897-5699 and online.