Does Drag Racing Affect Life Insurance? Explore Our Complete Motorsports Racing Guide for 2025 + YouTube Video
There are many excellent options available for choosing the best life insurance for drag racers at very affordable rates. If you are
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 race car driver life insurance. 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 drag 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 many of your questions:
Q. Can Drag Racers Purchase Life Insurance?
You can absolutely secure drag racer life insurance at preferred rates if you are in good health! Regardless of the classification you race in. Whether you drive a jet car or a rocket car, the end result is the same: you can be approved for life insurance. We can help you choose the best life insurance for race car drivers with just a few simple questions.
Life insurance providers understand the risks involved in drag racing and will work with you to create a plan that protects you and your loved ones at affordable rates. Race car driver life insurance is available for all disciplines of auto racing.
If you inform the insurer about your specific type of racing activity during the application process, your policy will include coverage for your specific class of motorsports racing.
The carriers have programs for virtually every type 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. How Can I Qualify for Preferred Life Insurance Rates?
If you are in good health, we use insurers that will approve you with preferred rates which was 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 drag racer life insurance premiums.
Q. How Does Your Specific Type of Racing Impact Life Insurance Rates?
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 just a sport; it’s a lifestyle and gets into someone’s blood. But it has its inherent risks that we know periodically causes fatal accidents. Because these risks are present every time you race, it is important to protect your family’s financial future with a life insurance policy designed specifically for drag racers.
As you well know, 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. Purchasing auto racing life insurance is highly recommended for all drivers with a family who depends on their income.
Q. Are There Specific Life Insurance Companies That Specialize in 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 very affordable rates.
We use these types of insurers exclusively for our drag racing applicants. Life insurance companies have relaxed their underwriting standards for race car drivers throughout the years. As a rule of thumb, the best life insurance for race car drivers will be reflected by the most auto racing friendly life insurance companies.
Q. Does Being Involved in Drag Racing Affect Life Insurance Eligibility?
Insurers will offer life insurance for race car drivers, but your policy will normally result in higher premiums than if you did not race at all. Some of the more mild classes of drag racing may not even trigger any additional costs.
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 1/4 mile car, motorcycle or boat you happen to drive.
Q. How Can I Find a Life Insurance Broker Specializing in Drag Racing Coverage?
You’re in the best place right now. The easiest way to find the best life insurance for drag racers 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. Working with race car drivers is one of our priority lines of life insurance.
I personally have hands on experience driving 1/4 mile cars so I can totally understand what you need and how to help you get the best rates possible. Today’s insurance carriers have a lot more experience insuring drag racers and they don’t have the fear of racing like they once did years ago.
Q. Is It Possible My Life Insurance Application Will Come Back With an Exclusion Rider?
Absolutely not. 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 the added risk of racing, even if you ask for an exclusion.
How to Buy Life Insurance for Race Car Drivers | YouTube Video
Best Life Insurance Companies for Drag Racers
John Hancock:
Why: The go-to provider for virtually all types of competitive racing, especially drag racing.
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 drag racers.
Best for: Term life insurance, affordability.
Protective Life:
Why: Often more lenient in its underwriting, Protective Life has a reputation for offering term life insurance for drag racers at 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 high-risk occupations.
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 for race car drivers.
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 race car drivers 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 coverage.
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 your premiums requires thoughtful planning and the right partnerships with your insurer. Here’s how to secure the best possible rates:
Always 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 such specific details as your racing class, top speed, ET, and type of fuel used.
Compare Plans from Specialized Insurers:
Years ago, many insurance companies would shy away from drag racer life insurance, but not anymore. Now they welcome drag racers and have very flexible underwriting criteria. Using these liberal insurers will automatically spell lower rates for the applicants.
Consider Term Life Insurance:
For most race car 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 such as 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, 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 to Consider
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 on the date you specify. Most term policies can even be converted to permanent coverage that will last the rest of your life.
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. Term life insurance for race car drivers is the best choice with no close second.
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. If you are a race car driver that needs coverage fast, a non-med policy would do the trick.
What Are the Typical Costs Associated With Life Insurance for Drag Racers?
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 driving a race car, 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 a race car driver having a fatal collision increases.
How Often Do You Race?
How many times a year do you race? The more you race, the higher the probability of one day having a life threatening collision.
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? Extensive safety equipment used today has helped reduce the rates for race car drivers.
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. Your motor vehicle driving record is very important even if you are a drag racer.
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 is liberal to motorsports racing can help reduce these costs. Sometimes a flat extra fee is not even required at all. Term life insurance for race car drivers will be your most cost effective option.
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 much simpler today and insurers have a much friendlier view of drag racing, which in turn leads to lower rates.
How 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 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!
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 our
experienced agents with actual drag racing experience.
Call us now at 708-334-6226 for a quick life insurance quote right over the phone. With our expertise and wide network of providers, we will help you find the perfect policy at the lowest possible rates for drag racers.
Our number one specialty is providing life insurance for drag racers.
All the best,
Jack Venturi
