I got an insurance quote today......... | FerrariChat
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I got an insurance quote today.........

Discussion in 'Ferrari Discussion (not model specific)' started by zakeen, Sep 18, 2006.

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  1. zakeen

    zakeen Formula Junior

    Aug 29, 2004
    989
    Czech Republic
    #1 zakeen, Sep 18, 2006
    6505euro..................

    Its more then 15% of the cars value............. now Im asking myself.........is it worth it?

    I plan to have the car for about 4-5years. which would cost me over 24000euro...............
     
  2. PAP 348

    PAP 348 Ten Time F1 World Champ
    Lifetime Rossa Owner

    Dec 10, 2005
    100,220
    Mount Isa, Australia
    Full Name:
    Pap
    #2 PAP 348, Sep 18, 2006
    That is AU$10,945!!!!!!! :eek:
    I paid AU$1577 for the 1st year of my 348 insurance. I cant believe that your quote is that much. Did you inquire about insurance costs before you bought your Ferrari? I did. I was happy to know what I was paying. If I bought the car when I was 24 years old, 1 year younger than when I bought it at 25yrs old, the insurance for my 348 would have been triple- AU$4500. AU$1577 is on the best rating-1. The worst case was rating-5, was AU$3000 at 25yrs old or AU$9000 at 24yrs old. Before I rang for a quote, I said to myself I was happy to pay up to AU$4000 for insurance, so it has worked out really good for me on a rating-1 AU$1577. Why is insurance so expensive over there?? Alot of Ferrari theft.....:(
     
  3. zakeen

    zakeen Formula Junior

    Aug 29, 2004
    989
    Czech Republic
    #3 zakeen, Sep 18, 2006
    I think its my age...... But I dont know. Its the first place I have called. insurance wasnt going to stop me from buying a Ferrari. It would be more of a question to get insurance or not. I dont mind paying $AUS4000 a year like you said. but when it goes up to $AUS10,000 and the cars here only cost $AUS74,000 its bit of a joke isnt it.

    To put in ratio to Australia and the value of the 348's there. Its the same as paying $AUS17,500 insurance a year!
     
  4. PAP 348

    PAP 348 Ten Time F1 World Champ
    Lifetime Rossa Owner

    Dec 10, 2005
    100,220
    Mount Isa, Australia
    Full Name:
    Pap
    #4 PAP 348, Sep 18, 2006
    Easy fix mate, come live in Australia. :p
    Bring your 348 with ya. ;)
     
  5. zakeen

    zakeen Formula Junior

    Aug 29, 2004
    989
    Czech Republic
    #5 zakeen, Sep 18, 2006
    Cant bring mine! There weird over here and drive on the wrong side ;) and the 348's cost so much more in Australia :eek: !! almost double! And I only spend 2months of the year in Australia!
     
  6. PAP 348

    PAP 348 Ten Time F1 World Champ
    Lifetime Rossa Owner

    Dec 10, 2005
    100,220
    Mount Isa, Australia
    Full Name:
    Pap
    #6 PAP 348, Sep 18, 2006
    Ah, thats right. A lefty 348. ;) When you are here in Aus for your 2 months next time, swing past here and ill let ya drive my 348 to get you over the withdrawal symptoms you will be having from not being able to drive your 348 for 2 months. :D:D
     
  7. Ricard

    Ricard Formula Junior

    Jan 23, 2004
    867
    Donington Park
    Full Name:
    Richard C
    #7 Ricard, Sep 18, 2006
    Ring more places then! some quotes I received were 500% more than I eventually found cover for (Europe).
     
  8. BT

    BT F1 World Champ
    Lifetime Rossa

    Mar 21, 2005
    15,291
    FL / GA
    Full Name:
    Bill Tracy
    #8 BT, Sep 18, 2006
    Sounds about 800% high to me. I would not buy it at that price. Get more quotes.
    :)
    BT
     
  9. zakeen

    zakeen Formula Junior

    Aug 29, 2004
    989
    Czech Republic
    #9 zakeen, Sep 20, 2006
    got another quote today....

    184,000krown which is about 6,475euro.................. almost the same.

    But its worse then the first place, because the first quote was a 5% upfront fee and this place is a 10%!
     
  10. Artvonne

    Artvonne F1 Veteran

    Oct 29, 2004
    5,379
    NWA
    Full Name:
    Paul
    #10 Artvonne, Sep 20, 2006
    So they screw you on income tax, screw you on fuel tax, screw you on registration, and then follow up with allowing the insurance companies to screw you the rest of the way? Sounds like your really getting screwed. But they probably wont throw you in prison for a year for speeding like many here would like to do, so maybe there is a trade off :)
     
  11. PAP 348

    PAP 348 Ten Time F1 World Champ
    Lifetime Rossa Owner

    Dec 10, 2005
    100,220
    Mount Isa, Australia
    Full Name:
    Pap
    #11 PAP 348, Sep 21, 2006
    What a crock!! :( I think im glad living here mate. Pay alot more for the car, but dont get screwed on insurance ever year. :)
     

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