Insurance to cover this year's road racing events has risen by 18%.
Enterprise Minister Tim Johnston revealed the figure in Tynwald this week - confirming the 2023 policy will cost £930,000 - up from £790,000 last year.
The cost covers the likes of the TT, pre-TT, MGP and Southern 100.
It comes following the news of the cancellation of road racing events in Ireland, due to soaring insurance costs.
He described rising costs as a 'challenge' for motorsport events but adds his department has a 'clear strategy in place' to grow and diversify the TT.
Six weekend ferry crossings could face disruption
President of Tynwald announces retirement
Police close Mountain road
Fuel firm says "fingers crossed" for calmer energy costs
Ring doorbells will need data protection registration - but shouldn't cost you money
Hospice UK head calls Island cuts "cack-handed" ministerial muddle
Bus drivers voting on "final offer" from government
Vampire show featuring Manx ferry cancelled
