Ferrari Insurance Specialists

Insuring a Ferrari is never going to be cheap. For a start, most are basically road-legal race cars. They all normally put out huge BHP and accelerate from 0-60 in sub-5 seconds, so whatever you look at it you are getting into a serious piece of machinery. Next is the price – Ferrari’s are generally very expensive. They are expensive to buy, they are expensive to run, expensive to service, expensive to insure. Why are Ferrari’s so expensive to insure? Simple – they attract attention wherever you go. Because they attract so much attention, the insurance company thinks it is more likely to get stolen, damaged, scratched, or crashed. And as a result you end up paying more for your insurance. However, the chances are that if you are in the position to buy a Ferrari, you are not too concerned about the cost of the insurance premium, let alone the running costs.

Most Ferraris need to be serviced annually by either a Ferrari main dealer or a Ferrari specialist garage. A typical annual service can range from £1500 to several thousand depending on what level of work is required. Things start getting very expensive when you need a new clutch, gearbox, or brakes – especially so if your Ferrari has the Carbon Ceramic brake set-up. Insurance can often range from sub-one thousand to several thousand depending on where you live, how secure the location you store your Ferrari, how many miles you intend to do annually, the value of the car itself, and of course how clean your license is. It is worth mentioning that no matter how clean your license is before you buy a Ferrari, there is a very high chance it will not stay clean for long – the cars draw so much attention the police will almost be looking out specifically for you – they generally don’t need many reasons to pull over a Ferrari driver – chances are you’ve been speeding!

If you are currently looking for cheap Ferrari insurance, we would recommend visiting the comparison websites above and shopping around for your best quote. If you drive a Ferrari then you’re probably good with your money and therefore like a good deal too, so shop around to find the cheapest Ferrari insurance – don’t simply call the specialists in the back of the magazines, whilst they may be fairly priced you may be surprised by the insurance premiums offered by the main insurers for your Ferrari. Get an instant Ferrari insurance quote online today and see how much you could save simply by comparing insurers.