Ferrari Insurance Rates
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What is the insurance on a Ferrari?
In the United States, a Ferrari is one of the most prestigious and ''fun'' cars to drive. To ensure a sports car such as a Ferrari, you will have to pay some of the highest insurance rates on the market.
How much is insurance on a Ferrari F430?
Geico, Progressive, Allstate, e.t.c do not ensure exotic cars like Lamborghini's, Ferrari's, etc., because they are too expensive to fix; I checked them all when I couldn't get insured. By Geico for my Ferrari...Allstate quoted $2612 per year in New Mexico. Progressive was about the same in Georgia (around 2600$).....and many more big names like nationwide etc. were quoting close to 10k annually for this car
What are the 3 types of car insurance?
There are several types of car insurance, but the three main types are liability, collision, and comprehensive coverage. Liability pays for damages you cause to others in an accident; collision covers the damage you do to your own car, and comprehensive pays for damages caused by something other than a crash (like vandalism or hail damage).
Potential Rate Discounts
If you qualify for discounts, you may save the amounts shown below.
|5-yr Accident Free||$81|
|5-yr Claim Free||$86|
|Paid in Full/EFT||$47|
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Discounts are estimated and may not be available from every company or in every state.