Life Insurance for Drag Boat Racers – The Ultimate Guide for [2024] + YouTube Video
Applying for life insurance for boat racers is a simple process. If you’re an amateur or professional, you probably know that drag boat racing is considered a hazardous sport by the life insurance industry. 
However, life insurance for boat racers is a snap to purchase and costs much less than you would expect.
Applying with the best life insurance companies for drag boat racers is very important. Using liberal carriers makes all the difference when shopping for the lowest premiums. I am referring to motorsports friendly companies that don’t get nervous when you mention the word racing.
This also holds true for auto racing such as drag racing and oval track classes. All these drivers are in the “same boat” when purchasing life insurance products. Obtaining life insurance for boat racers is now an effortless task.
Table of Contents
Will Boat Racing Affect My Life Insurance Rates?
The effect on your premiums will depend on many underwriting elements such as:
What Type of Boat Do You Drive?
The type of boat you race will be one of the factors life insurance companies will consider. Some boat designs are safer than others mainly due to their design, horsepower and speed, and the statistics your boat design has for accidents on the water. There are also statistics to show what type of boats were more common for drivers to be hurt or killed.
Your Racing Classification:
The classification of drag boat racing you are active in, such as Blown Alcohol or Blown Nitro, is also a concern. Underwriters need to know how safe or hazardous your involvement in boat racing is.
Life insurance for boat racing regardless of your classification is simple to qualify for as long as your health is good. This goes for all types of applicants even if they do not participate in boat racing.
Your Average Top MPH:
The maximum speed you experience in your drag boat is vital information. Common sense will tell you that the faster your boat, the greater the odds of having a fatal accident one day. As we all know, there are no brakes on a drag boat. Unfortunately, the bad part about high-speed boat racing is being able to come to a full stop quickly if something goes wrong.
What Type of Fuel Your Boat Uses:
The type of fuel your boat uses will affect your rates because top fuel and alcohol classes will usually spell higher speed boats than gasoline powered boats. This usually goes hand-in-hand with a higher probability of a high speed crash.
Your Level of Experience:
Life insurance companies like to see more experienced boat racers, which usually spells less accidents on the water. The more experience you have, the better, and any boat racing training classes you may have taken helps.
How Many Races Do You Attend Each Year:
Life insurance companies also consider how many races per year you participate in. The more you race, the greater the odds of having an accident. On the other hand, the more you race, the more experience you build up to improve your skill as a drag boat racer.
Nevertheless, the statistics show a higher probability of a boat wreck when you race more frequently. Boat racing life insurance policies are still approved even if you are an amateur boat racer or a veteran professional boat racer with many years of experience.
How to Apply for Life Insurance With a Hazardous Sport: YouTube Video
What Are Flat Extra Fees for Drag Boat Racers?
Flat extra fees, on top of the base premium, may be imposed by insurers to cover the added risk they are assuming.
Depending on your specific information concerning driving a drag boat, a life insurance company may add a flat extra charge to your base premium to cover the added risk of boat racing. 
This is usually more common in supercharged alcohol and nitro drag boats which run at very high speeds. A flat extra charge would be a dollar amount such as $2.50 for every $1,000 of coverage you apply for.
Don’t worry about flat extra charges because many companies we work with do not use them unless you are active in one of the most hazardous classes of drag boat racing. However, you need to know that these fees do exist and can be added to your base premium.
Can My Health Conditions Affect My Rates?
When applying for life insurance, your overall health history is more important than anything else. Your rates may be affected if you have any serious health conditions. 
Your rates will always depend on the type of health condition you may have and how serious it is.
This is standard procedure for all life insurance applications whether you race or not.
Your current health history will determine what health classification you will be assigned. The healthier you are, the lower your rates will be.
Any applicant’s rates can be affected if an applicant has a dangerous occupation, sport or hobby. Drag boat racing life insurance applications are underwritten with the applicant’s health status as the most important rating factor.
Can Smoking Affect My Rates?
Tobacco use will always affect your rates no matter what company you apply with. If you smoke cigarettes you could be looking at approximately a 250% increase in premiums. 
This is because statistics clearly indicate that smoking will reduce your lifespan.
If you smoke, let us know because we will have to use a carrier that is the most tobacco friendly carrier to apply with.
Tobacco use will be a much greater risk than any type of motorsport racing. We use several companies that offer liberal rates to tobacco users.
Should I Work With an Independent Agent/Broker?
Working with an independent agent such as ourselves will give you the advantage of being able to choose the best life insurance company for your specific needs by researching the entire market.
Independent agents, also known as brokers, shop in a market of over 40 life insurance companies to find the best rates.
This is far superior to using a captive agent like State Farm and having only one company to choose from. In addition, most captive agents don’t normally offer life insurance for people with hazardous sports or occupations.
We work with over 40 of the highest-rated life insurance companies to ensure our clients get the lowest rates at any time. In addition, you can use our instant rate quote system to get a good idea of your options and your projected premiums.
Getting the best rates involves your agent pinpointing the one life insurance carrier that will offer you the lowest possible premium. Therefore choosing the right company to apply with is extremely important.
Can I Submit a Phone Application to Expedite the Process?
Applying for life insurance is now a snap because you have a quick and straightforward option to apply over the telephone
. The days of long 30-page paper applications are now just bad memories. Even online applications used to be another good choice.
Still, we found that applicants were sometimes confused with the application software, and some people did not have a computer with a fast internet connection.
Telephone applications take about 15 to 20 minutes to complete and all you have to do is sit back and verbally answer a few questions.
What Type of Life Insurance Should a Drag Boat Racer Apply for?
Term life insurance for boat racers will be your answer to the plan designs. I will list other options below, but they will all be more expensive. Approximately 95% of the people we talk to choose affordable term life insurance products.
Below are all your choices available below, with a link to the relevant blog post on our website for more information:
- Term Life Insurance
- Universal Life insurance
- No Medical Exam life insurance
- Return of Premium Life Insurance
How Can I Compare Life Insurance Quotes for Boat Racers?
By activating our instant quoting system, or using the form on the right, you can quickly and easily compare the best life insurance quotes for boat racers from over 40 top-rated companies. In less than a minute, you will see life insurance quotes from the most competitive carriers compared side-by-side.
We can offer a quick health assessment if you have any medical issues that will affect your rates. Your other option is to contact us and we can give you a premium quote over the phone and go over all the options that you have.
Complete Our Racing Questionnaire to Receive an Accurate Rate Quote
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
Purchasing life insurance for competitive drag boat racers is quick and easy, especially if you are in good health.
There are many excellent companies we work with that will approve your application with very affordable premiums.
Thank you for reading this blog post, I hope it answers many of your questions.
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 a prompt response.
