Best Race Car Insurance in 2026 (Top 10 Companies)

Hagerty, Progressive, and State Farm are top picks for race car insurance, with Hagerty offering specialized policies tailored to race car owners’ unique needs.

Progressive and State Farm also provide competitive rates and comprehensive coverage.

Our Top 10 Company Picks: Best Race Car Insurance

While consumers need to know what they are buying anytime they purchase insurance, being familiar with your coverage options is even more important when it comes to insurance for a sprint car or race car.

Insurance for motorsport drivers is generally more expensive than other drivers because they are a higher risk to insurance companies.

Get an online car insurance quote today by entering your ZIP code now.

#1 – Hagerty: Best for Tailored Coverage

Pros

• Tailored Coverage: Hagerty car insurance review specializes in classic car insurance, offering unique coverage options.
• Safe Driver Discount: Offers a generous discount for safe drivers.
• Strong Financial Rating: A.M. Best rates Hagerty with an A, indicating excellent financial stability.

Cons

• Limited Availability: Policies may not be available in all areas.
• Age Restrictions: Some policies may have age restrictions for vehicles or drivers.

#2 – Progressive: Best for Competitive Rates

Pros

• Competitive Rates: Progressive car insurance review offers some of the most competitive rates in the industry.
• Safe Driver Discount: Provides a significant discount for safe drivers.
• Wide Range of Coverage Options: Offers a variety of coverage options to meet different needs.

Cons

• Customer Service: Some customers report issues with customer service.
• Complex Discounts: Discount structures can be complex, making it challenging to understand potential savings.

#3 – State Farm: Best for Bundling Options

Pros

• Bundling Options: State Farm car insurance review offers significant discounts for bundling multiple insurance policies.
• Bundling Policies: Offers significant discounts for bundling multiple insurance policies, allowing customers to save more when they consolidate their insurance needs.
• Wide Coverage Options: Provides various coverage options tailored for different business needs.

Cons

• Limited Multi-Policy Discount: The multi-policy discount is not as high compared to some competitors.
• Potential Premium Costs: Despite discounts, premiums might still be relatively higher for certain coverage levels.

#4 – Chubb: Best for Customizable Coverage

Pros

• Customizable Coverage: Offers highly customizable coverage options to meet specific needs.
• Strong Financial Rating: A.M. Best rates Chubb with an A++, indicating superior financial stability.
• Safe Driver Discount: Provides a substantial discount for safe drivers. Read on our “Safe driver car insurance discounts” for more information.

Cons

• Cost: Premiums can be higher compared to other insurers.
• Limited Availability: Policies may not be available in all areas.

#5 – American Modern: Best for Specialized Coverage

Pros

• Specialized Coverage: Offers specialized coverage for unique insurance needs.
• Safe Driver Discount: Provides a discount for safe drivers.
• Strong Financial Rating: A.M. Best rates American Modern with an A+, indicating excellent financial stability.

Cons

• Limited Availability: Policies may not be available in all areas.
• Higher Premiums: Premiums can be higher compared to other insurers. Check on our “What is a car insurance premium?” for more information.

#6 – Grundy: Best for Customizable Coverage

Pros

• Customizable Coverage: Offers highly customizable coverage options.
• Safe Driver Discount: Provides a discount for safe drivers.
• Strong Financial Rating: A.M. Best rates Grundy with an A++, indicating superior financial stability.

Cons

• Limited Availability: Policies may not be available in all areas.
• Age and Mileage Restrictions: Some policies may have restrictions based on the age or mileage of the vehicle. Read our “How much does mileage affect car insurance rates?” to gain further insights.

#7 – Allstate: Best for Safe-Driving Discounts

Pros

• Safe-Driving Discounts: Offers significant discounts for safe drivers.
• Wide Range of Coverage Options: Allstate car insurance review provides a variety of coverage options to meet different needs.
• Strong Financial Rating: A.M. Best rates Allstate with an A+, indicating excellent financial stability.

Cons

• Higher Premiums: Premiums can be higher compared to other insurers.
• Customer Service: Some customers report issues with customer service.

#8 – National General: Best for Customizable Coverage

Pros

• Customizable Coverage: Offers highly customizable coverage options.
• Safe Driver Discount: National General car insurance review provides a discount for safe drivers.
• Strong Financial Rating: A.M. Best rates National General with an A+, indicating excellent financial stability.

Cons

• Limited Availability: Policies may not be available in all areas.
• Potential Premium Costs: Premiums might still be relatively higher for certain coverage levels.

#9 – Markel: Best for Coverage Options

Pros

• Wide Range of Coverage Options: Provides various coverage options to meet different needs.
• Safe Driver Discount: Offers a discount for safe drivers.
• Strong Financial Rating: A.M. Best rates Markel with an A++, indicating superior financial stability. Read on our “What cars have the lowest car insurance rates?” for further insights.

Cons

• Cost: Premiums can be higher compared to other insurers.
• Limited Availability: Policies may not be available in all areas.

#10 – Hiscox: Best for Tailored Coverage

Pros

• Tailored Coverage: Offers specialized coverage for unique insurance needs.
• Safe Driver Discount: Provides a discount for safe drivers.
• Strong Financial Rating: A.M. Best rates Hiscox with an A+, indicating excellent financial stability.

Cons

• Limited Availability: Policies may not be available in all areas. To gain further insights, check on our “Understanding your car insurance policy“.
• Higher Premiums: Premiums can be higher compared to other insurers.

Insurance Requirements for Racing Cars

General liability coverage for a race car is similar to liability insurance for a regular car. It pays for the damage that the driver may cause, including the cost of repairing the other vehicle and any third party property.

There are several other types of car insurance coverage to consider. General liability insurance covers medical bills, rehabilitation expenses, and legal representation costs if you are sued for damages following an accident. Participant accident insurance, on the other hand, specifically covers the race car owned by the policyholder and pays for the driver’s medical expenses.

The insurance should also cover any damage to the car while it is on the track property but not on the race track itself. Any equipment or gear needed for the race car should also be protected by the insurance coverage. Spare parts for the car, as well as tools and protective equipment, would be covered under a good policy.

The policy should also include coverage for acts of vandalism and theft of the race car itself, its trailer or the gear required to drive or service it.

Race Car Insurance and Policy Exclusions

Race car insurance coverage does not provide protection in all circumstances. For example, a race car is not insured if it is on the street.

These vehicles are not street legal, and a separate policy must be purchased for the car being used to tow the trailer transporting the car to the race track. The race car insurance policy will only cover medical bills that stem from injuries related to the accident.

Along with car insurance policies, race car drivers must have separate health insurance coverage to pay for medical bills unrelated to a track-related event. To gain further insights, read our “Understanding your car insurance policy“.

Case Studies: Best Car Insurance Companies in Real-World Scenarios

Choosing the right car insurance can be challenging, especially with the varying needs of different individuals and families. To illustrate how different insurance providers can meet these diverse needs, we’ve created three fictional case studies based on real-world scenarios.

Each case highlights the unique benefits offered by some of the top-rated car insurance companies: Hagerty, Progressive, and State Farm.

• Case Study #1 – Hagerty’s Tailored Coverage for Classic Car Enthusiasts: John, a classic car enthusiast, struggled with generic insurance for his vintage cars. Switching to Hagerty car insurance review provided him with tailored coverage, a 20% Safe Driver Discount, and an A rating from A.M. Best, offering him the specialized attention his collection needed.
• Case Study #2 – Progressive’s Competitive Rates for a Young Driver: Emily, a recent graduate, needed affordable car insurance as she started her new job. Progressive offered her competitive rates, a 20% Safe Driver Discount, and an A+ rating from A.M. Best, fitting her budget and providing reliable coverage.
• Case Study #3 – State Farm’s Bundling Options for a Growing Family: Mark and Sarah, expecting their first child, wanted to bundle their home and auto insurance. State Farm’s excellent bundling options, 15% Safe Driver Discount. Best provided them with significant savings and convenience.

Where to Buy Race Car Insurance

Race car insurance is a specialized type of coverage and is sold by car insurers who specialize in this niche market. Look for a company that regularly insures a wide variety of other specialized vehicles, such as school buses, tour buses, and limousines.

Going online and conducting a search for “race car insurance” will bring up results for companies that offer this type of coverage. As with any other type of insurance coverage, the key to getting the best rates is to shop around. Read our “How do you get car insurance fast?” for more information.

Even within this niche market, there is more than one company offering coverage and the rates can vary significantly between providers.

Before you choose an insurance company to provide annual coverage for your race car, take the time to investigate the company itself as well. You will want to choose one that has been in business for several years and that is well established.

Along with choosing a quality company, you will want to find one that has the financial resources to pay out on a claim. You can check the financial ratings through websites such as AM Best or Moody’s. Find car insurance rates online today by entering your ZIP code now.