In 1994 Guerrero could only get a car to drive at the Indianapolis 500 with Pagan Racing (the same team who owned the car that Jeff Andretti crashed into Guerrero the previous year) in their No. 21 Interstate Batteries Lola T92/00-Buick V6. The chassis was the same chassis that Guerrero drove in 1992. Guerrero qualified 20th and finished 33rd (last) due to a crash after 20 laps. He scored no points and tied for 54th in the championship.