Of special note were Guerrero's participations in the Indianapolis 500. He came very close to winning outright on two occasions, but bad luck always kept the victory out of his grasp. In 1992 he spun off on the pace lap after having qualified on the pole position. Guerrero finished runner up twice, in the top-five five times, and held the qualifying speed record from 1992 through 1996. Guerrero was also selected to participate in the 1988 International Race of Champions.