Kenny Wallace Reveals Racing’s Untold $150,000 Ask, Leaves Racing Fans Flabbergasted

Being a racecar driver is an expensive affair, not only from the team standpoint but for the drivers as well, as Kenny Wallace aptly put forth with his massive $150,000 revelation. Behind the high-octane NASCAR world lies a plethora of staggering expenses like traveling, loans, and employee compensation that could burn a hole in the driver’s pocket. 

Despite sponsors’ ability to cushion the blow, the relentless pursuit of race requires a handsome amount of financial strength. Nevertheless, Wallace has come up with a series of expenditures less talked about, which asks for a huge payout and has left the racing fans awestruck.

Kenny Wallace lets in on the undivulged $150,000 expense

Being a former NASCAR driver, Wallace is well-versed in all the intricate details of every aspect of stock car racing. Be it the team’s expenses, their sponsorships, or even their other income streams for that matter. But one of the driver’s expenses is less talked about and it is quite exorbitant.

Speaking of the huge expenses that a driver incurs, a fan put forth a question on X and tagged NASCAR and Kenny Wallace and asked, “What if a new driver is hurt, no insurance, is he screwed?” 

Replying about the direct correlation between a racecar driver’s expenses and the skyrocketing insurance premiums, Wallace replied to the fan’s query and disclosed the lesser-known expenses that a driver incurs and wrote, “To drive the race car in @NASCAR. I had Disability Insurance and workman’s comp. Plus my normal family health insurance and auto insurance and golf cart insurance (Required by the race tracks). There were times I spent as much as $150 THOUSAND a year or more on racing Insurance. The more expenses a driver has. (Bus-Plane-Loans-employees etc.) The more insurance he or she will need. ITS REAL LIFE.“

Apart from general insurance like family, and health, a NASCAR driver needs to have auto insurance as well owing to the high odds of getting into a fatal accident and getting severely hurt. The more severe the accident the more the cost of treatment, so buying auto insurance is a no-brainer for motorsports drivers.

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The Xfinity Series champ’s revelation came as a shocker for the community and fans couldn’t help but express their astonishment upon Wallace’s expensive declaration.

NASCAR community left shocked by the $150,000 revelation

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Wallace’s revelation didn’t take time to gain traction. Fans were quick to express their state of shock as they didn’t see such a big bill coming.

One fan who also happens to be a Nashville Fairgrounds racer expressed how he had to run after the sponsors to fund his race and commented, “I chased many Insurance companies for sponsorship to race, Response…Crashes and insurance no good, sorry….Then I had a friend who worked for corporate @JackDaniels_US I was IN ! Racing and Drinking No good, sorry. 2 years later and tens of millions spent….Timing is everything”

Another fan put the situation in a much more precise manner and wrote, “So sounds like a driver is an independent contractor and is responsible for their own insurance.”

This fan went into the specifics about an injured driver’s road to the hospital and asked, “Kenny, if a driver is injured in an on track accident and goes to the in field care center then transported to the local hospital does NASCAR foot the bill for the ENTIRE cost of he/she medical costs???”

One fan was left shocked upon learning that insurance premiums could go to such an extent and wrote, “Wow, that’s a bunch”

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The expenses imposed on a driver are too high for a new racer to comply and any mishap leading to an injury could cost a fortune to the uninsured driver. Do you think that the teams should bear the insurance premium of new entries during their initial months?