Can I secure life insurance if I do motorsports?
Yes, it is possible to obtain life insurance if you're involved in motorsport. While motorsports are considered high-risk activities, most UK insurers will accept applications from participants - though premiums vary significantly based on your activity level.
Your premiums depend on several factors:
- Type of motorsport (track days vs professional racing)
- Frequency of participation (quarterly vs monthly)
- Level of competition (recreational vs professional)
- Safety equipment used (HANS device, fire suits)
- Professional qualifications and licenses
- Your age, health, and overall risk profile
Most insurers categorise motorsport by risk level, with track days typically adding 10-30% to premiums, while professional racing can add 150% or more. Some activities may require specialist insurers who understand motorsport underwriting.
Why use LifePro for motorsports life insurance?
Motorsports participants face unique challenges when applying for life insurance. Many mainstream insurers decline high-risk activities or charge excessive premiums without understanding the nuances of different motorsport categories.
Our specialist brokers know which insurers offer competitive rates for different motorsport types:
- Access to 50+ insurers including specialist high-risk providers
- Expert knowledge of motorsport underwriting criteria
- Free whole-of-market comparison with no obligation to buy
- FCA regulated advisors who understand your specific sport
- Dedicated support throughout the application process
- Guidance on disclosure requirements to ensure valid claims
We compare policies from insurers who specialise in high-risk activities, ensuring you get the most competitive premiums for your specific motorsport participation level. Our advisors help you navigate complex disclosure requirements so your policy remains valid when your family needs it most.
Do motorsports participants need life insurance?
Yes, motorsports participants should consider securing life insurance.
Given the inherent risk involved in motorsports, having life insurance can provide financial safeguarding to family members and financial security if the worst were to happen.
Motorsport is fairly popular in the UK, with approximately 77,000 people participating in England in 2023[1].
While a popular pass time, it does come with some risks - highlighting the importance of having the right protection in place for you and your family members.
The circumstances of each person are different, which is why it's vital to explore the wide range of options available to find the perfect policy that fits your needs.
Reassured can compare personalised, fee free quotes from a variety of insurers.
Life insurance calculator
Calculate how much life insurance you may need by filling in the costs you'd like your policy to cover.
The amount of life insurance you need depends on your financial obligations and what you want to provide for your loved ones. A common rule of thumb is to have cover worth 10 times your annual salary, though your individual circumstances may require more or less.
Consider the following when calculating your life insurance needs:
- Outstanding mortgage balance
- Other debts and loans
- Income replacement for your family (typically 5-10 years of salary)
- Children's education costs
- Funeral expenses (typically £4,000-£10,000)
- Any specific financial goals for your dependents
For example, if you have a £200,000 mortgage, earn £40,000 per year, and want to provide 10 years of income replacement, you might need around £600,000 of cover (£200,000 + (£40,000 × 10)).
Use our free comparison tool to get personalised quotes from 50+ UK insurers, including Motorsport Life Insurance, and find the right level of cover for your needs at the best available price.
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The best life insurance for motorsports
Technically there's no singlebest life insurancefor those who participate in motorsport, it's purely down to your personal circumstances, budget and what you're looking to cover.
Unsure what policy is best for you?
Listed are four of the most popular options that may be suitable to someone who takes part in motorsports:
