Ferrari Car Insurance
Ferrari car insurance rates can be higher than average because the car is considered high risk. Ferraris cost more to repair after accidents, are targeted for vandalism and theft, and will be used at high speeds. Use our comparison tool below to find a company that specializes in Ferrari auto insurance to get the best rates.
Read more
Secured with SHA-256 Encryption
Find the Lowest Car Insurance Rates Today
Quote’s drivers have found rates as low as $42/month in the last few days!
Table of Contents
Table of Contents
Licensed Insurance Agent
Rachael Brennan has been working in the insurance industry since 2006 when she began working as a licensed insurance representative for 21st Century Insurance, during which time she earned her Property and Casualty license in all 50 states. After several years she expanded her insurance expertise, earning her license in Health and AD&D insurance as well. She has worked for small health insuran...
Rachael Brennan
Licensed Insurance Agent
Ty Stewart is the founder and CEO of SimpleLifeInsure.com. He started researching and studying about insurance when he got his first policy for his own family. He has been featured as an insurance expert speaker at agent conventions and in top publications. As an independent licensed insurance agent, he has helped clients nationwide to secure affordable coverage while making the process simpl...
Ty Stewart
Updated November 2023
- Some auto insurance companies specialize in insuring sports cars
- Sports cars are the types of vehicles that are involved in the most car collisions
- Ferrari’s are cars that will have a drastic effect on your premium
The Ferrari falls under the classification of “Sports Car,” and as such, it is seen as a high risk for car insurance companies.
If an auto insurance company decides that a particular vehicle presents a high risk in certain circumstances, its agents will tend to charge these car owners higher rates.
Enter your zip code into our FREE tool above and save money today!
How Auto Insurance Companies Determine Ferrari Car Insurance
Sports cars are the types of vehicles that are involved in the most car collisions.
Agents at auto insurance companies believe that people purchase these vehicles for their high power and that they will use the power as often as they can.
With the tendency to speed comes an increased number of accidents.
Free Insurance Comparison
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
Theft and Vandalism
Sports cars are very often targeted at people who steal cars for a living.
They are the most expensive types of cars which is why burglars like to take the opportunity to acquire these vehicles whenever they have the chance.
A vehicle that has a high incidence of claims filed for theft will be a candidate for higher auto insurance premiums.
Sports cars are also the victims of a high incidence of vandalism.
As they are more expensive vehicles, they will be more costly to repair.
The Sports Car and Other Qualities That Do Not Mix
Auto insurance companies are interested in people’s credit histories, so they will seek to read potential clients’ credit reports.
When they see that a potential client who also drives a sports car has a low credit score, they believe this person to be highly irresponsible.
As young drivers have some of the highest accident rates, these people are charged some of the highest Ferrari car insurance in the driving population.
The highest auto insurance premiums are reserved for male drivers in the under 25 age range because they have the highest numbers of accidents.
Compare quotes from the top car insurance companies and save Secured with SHA-256 Encryption
Auto Insurance Companies That Offer Better Rates on Ferrari Car Insurance
What typical auto insurance companies will do is look at all of the criteria discussed above, and they consider a person who fits into most of those classifications as high risk.
As a result, these policyholders will have extremely high premiums.
But not every insurance company will follow the trends.
Free Insurance Comparison
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
The Advantages of an Insurance Company That Specializes in Ferrari Car Insurance
Some auto insurance companies specialize in insuring sports cars. They are not afraid of the fact that automobile parts for the Ferrari are relatively rare.
They are also aware of the particular concerns people have when they own a Ferrari such as the vandalism issue.
Insurance companies are prepared to help these sports car owners find the auto repair shop that can restore their vehicles to their former glory.
How to Find the Right Insurance Company for Ferrari Car Insurance
These auto insurance companies are not looking for ways to charge Ferrari owners extreme amounts of money for auto insurance quotes.
To find these specialized insurance companies, Ferrari owners only need to go online for a comparison search.
With a comparison of multiple insurance companies, Ferrari owners receive quotes for how much they would likely be charged in auto insurance premiums.
Why should you compare quotes?
The advantage of reviewing multiple quotes is that Ferrari owners will be able to quickly discover which are the auto insurance companies that regularly charge sports car owners.
Conversely, they will be confronted with the insurance companies that are more understanding and do not charge as high for Ferrari car insurance.
Comparison Shopping Is Easy
What keeps people from performing this type of search is that it requires them to be on the telephone or online for several hours.
Regular auto insurance companies take into consideration the fact that sports cars are involved in the most collisions, have high incidences of being stolen and vandalized and have owners that are prone to take risks.
All of these factors lead these insurance companies to charge higher premiums. Ferrari owners who do not do this run the risk of paying at least $6,000 a year for their Ferrari car insurance.
Enter your zip code below and get the best rates on car insurance quotes!
Get a FREE Quote in Minutes
Insurance rates change constantly — we help you stay ahead by making it easy to compare top options and save.
Secured with SHA-256 Encryption