What Is the Best Life Insurance for Motorcycle Racing? Explore All Your Best Options for 2025 + YouTube Video
What is the Best Life Insurance for Motorcycle Racing? You have many excellent options to consider. Purchasing life insurance for motorcycle
racers is easy and quick with our modern application system.
If you are an active motorcycle drag racer or your sport happens to be dirt track racing, you have a lot of good choices for life insurance with very affordable premiums.
Insurance carriers consider motorcycle racing a hazardous sport, but that does not mean you cannot get low rates. You just have to apply with a liberal carrier that is motorsports racing friendly.
You can secure life insurance for motorcycle racers at very affordable rates, often equal to those of non-racers. If you are under the assumption that life insurance for motorcycle racers is hard to get or it is expensive, I have good news for you.
Keep reading because the best is yet to come.
Table of Contents
Can I Buy Life Insurance if I Race Motorcycles?
In most cases, you can purchase life insurance for motorcycle racers just as easily as someone who just rides a motorcycle for pleasure. There are no limitations as to what kind of racing bike you own.
Your classification can be anything from a pure stock bike all the way up to a Nitro Harley drag bike. You can apply, get approved and be issued a policy quickly and easily.
There could be an additional fee to cover the added risk of racing in a more hazardous classification. Life insurance for motorcycle racers is always available regardless of what type of racing you are involved with.
Frequently Asked Questions – Best Life Insurance for Motorcycle Racing
1. Why is life insurance more expensive for motorcycle racers?
Life insurance companies consider motorcycle racing a high-risk activity. Due to the increased likelihood of injury or fatality, insurers typically charge higher premiums for racers.
The level of risk is assessed based on factors like your racing frequency, competition level, and type of racing. However, there are still options to find the best life insurance for motorcycle racing that balances cost and coverage.
2. Can I get life insurance if I’m an active motorcycle racer?
Yes, you can. While some insurers may decline coverage or impose exclusions, many providers offer motorcycle racing life insurance with tailored underwriting. It’s essential to work with an agent who understands motorsports and can match you with the right insurer.
3. What should I look for in a life insurance policy?
Look for policies that provide full coverage without exclusions related to racing. The best life insurance for motorcycle racing will not limit benefits due to your sport. Also, consider the company’s financial strength, experience with high-risk professions, and the ability to add riders or customize your plan.
4. Will my policy cover me if I die during a race?
This depends on the policy and the provider. Some standard life insurance plans have exclusions for hazardous activities. To ensure you’re covered, choose a motorcycle racing life insurance policy that explicitly includes coverage while you’re competing.
5. How can I lower my life insurance premiums as a motorcycle racer?
While your sport adds risk, you can still take steps to lower your rates. These include maintaining excellent health, limiting the number of races you participate in annually, choosing term over whole life or universal life insurance, and working with brokers who specialize in high-risk life insurance.
6. Do I need to disclose that I’m a motorcycle racer when applying?
Yes. Full disclosure is critical. Hiding your participation in motorcycle racing can lead to claim denial. Honest answers help insurers assess risk accurately and ensure your motorcycle racing life insurance remains valid.
7. What type of life insurance is best for motorcycle racers — term or universal life?
For most racers, term life insurance offers the best value, especially if you’re looking for high coverage at a lower cost. Universal life policies may work for those seeking lifelong coverage and investment components. The best life insurance for motorcycle racing depends on your long-term goals and budget.
8. Are there insurance companies that specialize in high-risk sports like motorcycle racing?
Yes, several insurers and brokers specialize in covering high-risk activities, including motorsports. These providers understand your lifestyle and are more likely to offer fair pricing and better coverage for motorcycle racing life insurance.
9. How long does the application process take?
The application process can take anywhere from a few days to a few weeks. This may involve a medical exam and additional underwriting if your racing profile is complex. Working with a specialist can speed things up and help you secure the best life insurance for motorcycle racing.
10. Can I get coverage if I only race as a hobbyist or amateur?
Yes. Insurance providers often differentiate between professional, semi-professional, and amateur racers. If you’re a hobbyist, you may be eligible for broader coverage and lower premiums. Be sure to explain your exact level of participation when applying for motorcycle racing life insurance.
How to Apply for Life Insurance With a Dangerous Sport: YouTube Video
How Do Insurers Calculate Rates for Motorcycle Racers?
A motorcycle racer’s application will be reviewed in two main parts. First, the underwriters will review your health history and then your risk factors for racing motorcycles. Below is a list of questions insurers will need to know.
Type of Motorcycle:
The type of bike you race will be one of the factors life insurance companies will consider. Some motorcycle designs are safer than others, and statistics show what type of bike has the most accidents on the track.
Racing Classification:
For example, what classification of motorcycle drag racing are you active in, such as Motocross, Supercross, Pro Stock, or Nitro drag bikes and many others. Your racing class tells the underwriters how safe or hazardous your involvement in motorcycle racing actually is.
Drag racers and dirt track racers experience the same type of underwriting guidelines when applying.
Average Top Speed:
The maximum speed you experience on your drag or dirt bike is vital information. Common sense will tell you that the faster your motorcycle goes down the track, the greater the odds of having a fatal accident. The faster you run, the harder it is to stop or make a quick decision to avoid a wreck.
Type of Fuel:
The type of fuel your bike uses will affect your rates because Top Fuel and Top Alcohol classes will usually spell a higher-performance motorcycle than a bike that uses high-octane gasoline. The fuel you use will be relevant to motorcycle drag racers rather than dirt bike racers that use gasoline.
If you run an NHRA nitro drag bike, you can still get life insurance with no problem, assuming you are in relatively good health.
Experience Level:
Life insurance companies also emphasize your level of experience. The more knowledge and experience you have, the better it is. If you have attended a motorcycle drag racing school or just a simple class it will be a plus.
Number of Races Per Year:
According to simple statistics, the more motorcycle racing you do, the higher the probability that you could have an accident. The number of races you attend each year will not make a significant difference but is still considered by the carriers underwriters.
Your top MPH and ET for drag racing will be the most important factor for your racing exposure.
Drag Racing vs. Dirt Bike Racing
As I stated earlier in this post, when the underwriters review your application, they look at how hazardous your specific class of motorcycle racing is.
There is usually some difference in motorcycle NHRA Drag Racing or other types such as Moto Cross, Supercross, Grand Prix, Ice Racing, Enduro, or SuperBike racing classifications.
The life insurance industry puts a lot of weight on statistics and they spend millions of dollars annually having this information developed by statisticians.
This is the only accurate way for an insurer to determine how to set their pricing structure when they review a life insurance application.
As far as motorcycle racing goes, this is not considered one of the more hazardous hobbies or sports someone can be active in. There are many more dangerous sports that people participate in.
What Are Flat Extra Fees for Motorcycle Racers?
Flat extra fees are sometimes used, but we try to avoid them by using life insurance companies that rarely use them.
Depending on the specific information concerning riding habits, a life insurance company may add a flat extra fee to your base premium to cover the added risk of racing. This could be the case in a more volatile class of racing, such as high-speed drag bikes running alcohol or nitro.
Examples of Flat Extra Fees:
For example purposes, we will use an application for a $100,000 term life insurance policy for 20 years that costs $750.00 per year. The flat extra charge in this example would be $2.50 for every one thousand dollars in death benefits.
You would multiply $2.50 times 100 which would break down to $250.00. The base premium for this example policy is $750.00 and your flat extra fee is $250.00 which comes to a grand total of $1,000.00 per year for this policy.
Does My Health History Make a Difference?
Your health history is more important than your involvement in motorcycle racing.
When applying for the best life insurance for motorcycle racing, your health history will be more important than any other rating factor. Your rates may or may not be affected if you have a pre-existing health condition. This will always depend on the type of health condition you have and could be observed as life threatening.
Your health will determine what health classification you will be placed in. The healthier you are, the lower your rates will be.
An applicant’s rates can also be affected if he has a dangerous occupation. For example, when you apply for a new life insurance policy, a hazardous occupation or a dangerous sport or hobby can have the same result.
How Can I Apply for Life Insurance for Motorcycle Racing?
Telephone applications are the best way to apply and take between 15-20 minutes.
Applying for life insurance is now a snap because you have a quick and straightforward option to apply over the telephone. In addition, telephone applications are much faster and more precise than paper and online applications.
The days of 30-page paper applications are now just a bad memory. As a result, applying for life insurance is a much more streamlined process than before.
Your time is valuable and you don’t want to waste it shuffling around long drawn out applications.
Term Life Insurance Will Be Your Best Life Insurance for Motorcycle Racing
Term life insurance for motorcycle racing will always be your best choice! You can apply for several other forms of coverage, but the affordability of term life insurance cannot be beat. Your other options would be universal life or whole life, but they would be more costly.
You can compare term life insurance quotes for motorcycle racers from over 40 top rated life insurance companies in less than a minute using our life insurance quoting engine by simply completing the form on the right side of this post.
How to Get the Lowest Rates
Click on this link to download our racing questionnaire. You can either email or fax it back to us and we will be able to 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!
Our Final Thoughts
Finding the best life insurance for motorcycle racing is very simple. Several excellent companies we work with will approve your
application with preferred rates if you are in good health. Check out our auto racing blogpost for additional information.
You can also activate our simple-to-use instant rate quote system to see over 40 of the top companies compared side-by-side.
Thank you for taking the time to read this blog post. Keep in mind that we are available to answer your questions 7 days a week.
All the best,
Jack Venturi
