3800.00 Insurance for 2004 360 Spyder | FerrariChat
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3800.00 Insurance for 2004 360 Spyder

Discussion in 'New York Tri-State' started by cmcjo, Feb 27, 2007.

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  1. cmcjo

    cmcjo Formula Junior

    Feb 5, 2007
    414
    New Jersey
    Full Name:
    Joe
    #1 cmcjo, Feb 27, 2007
    Does $3800.00 for insurance on a 2004 360 Spyder sound right in North Jersey?

    It will be covered as a classic exotic with an allowance of 5000 miles per year.
    No points or accidents.

    I pay only $500.00 per year for classic insurance on a 1967 Chevelle now so $3800.00 seemed excessive.

    THANKS
     
  2. ramvfin2003

    ramvfin2003 Formula Junior

    Feb 19, 2007
    330
    Bergen County, NJ
    Full Name:
    Rocco
    #2 ramvfin2003, Feb 27, 2007
    Im 29,, not sure if the age makes a difference. Have mine insured thru hagerty, 2002 360 spider, unlimited mileage with my fiance on as well who has a horrid driving record :) we pay 4250.00 we r in northern nj as well.
     
  3. TMINUS

    TMINUS Formula Junior

    Oct 8, 2006
    725
    NYC
    Full Name:
    TMINUS
    #3 TMINUS, Feb 27, 2007
    Bro - I couldn't even get liability insurance for 1984 Honda Civic for that much.

    I'm jealous.
     
  4. cmcjo

    cmcjo Formula Junior

    Feb 5, 2007
    414
    New Jersey
    Full Name:
    Joe
    #4 cmcjo, Feb 27, 2007
    Do you have it as a daily driver type of car or is it a second car type of insurance? I think that makes a big difference.

    I only pay $1800.00 for an 2007 S600 so I thought the $3800 was very high.
     
  5. robiferretti

    robiferretti F1 Rookie

    Oct 31, 2003
    3,299
    NYC area
    Full Name:
    rob ferretti
    #5 robiferretti, Feb 27, 2007
    nj insurance rates are high, sounds feasable. Why not just call geico/ allstate and comparison shop, that will be your best answer.
     
  6. ramvfin2003

    ramvfin2003 Formula Junior

    Feb 19, 2007
    330
    Bergen County, NJ
    Full Name:
    Rocco
    #6 ramvfin2003, Feb 27, 2007
    I have the Ferrari listed as a secondary.

    Thru NJ Skylands we have an 2005 CLK 55 conv and a 06 Escalade and we pay 3600 for the year
     
  7. 1ST1MADE

    1ST1MADE Karting

    Apr 14, 2006
    87
    New Jersey
    Full Name:
    Bill
    #7 1ST1MADE, Feb 27, 2007
    Most classic insurance is based on Replacement Value and mileage.
    I'm guessing the replacement value is a little more on the F, than on the Chevy.
     
  8. ClydeM

    ClydeM F1 World Champ
    Owner Rossa Subscribed

    Nov 4, 2003
    11,882
    Wayne, NJ
    Full Name:
    Clyde E. McMurdy
    #8 ClydeM, Feb 27, 2007
    I have the Ferrari 308 listed as a second car, unlimited mileage, appraised value, no other drivers and I'm over 25 (a smidge :) ). $700/yr (Ferrari only).
    I use NJM, but Prudential had similiar rates but wouldn't do an agreed-upon value.

    granted mine is worth far less than yours, coupled with I'm the only driver and it's a second car. But your quote seems way high.
     
  9. LAMBOJOE

    LAMBOJOE F1 Rookie

    Nov 2, 2006
    3,190
    Brooklyn NY
    Full Name:
    Joey
    #9 LAMBOJOE, Feb 27, 2007
    i pay 2500 for my 360 in LI
    insured as a second car
     
  10. cmcjo

    cmcjo Formula Junior

    Feb 5, 2007
    414
    New Jersey
    Full Name:
    Joe
    #10 cmcjo, Feb 27, 2007
    Thats a good price and NY is more than NJ from what I hear
     
  11. YellowMurci

    YellowMurci Formula 3
    Owner

    Mar 17, 2005
    1,824
    NyC Baby!
    Full Name:
    Harry
    #11 YellowMurci, Feb 27, 2007
    I pay $3300 for my murci adn also the G was the same price in Brooklyn, then again my CGT is the same too!
     
  12. DodgeViper01

    DodgeViper01 F1 Veteran

    Oct 1, 2003
    6,867
    #12 DodgeViper01, Feb 27, 2007
    That sounds about right in NJ but then again you have to factor in your driving record and age. If you are over 40 and have a clean driving record, I would ask a few questions but if not, that sounds about right. Try Geico, Progressive, Hagerty, Grundy, All State, & State Farm as well.
     
  13. Cscat87

    Cscat87 Formula 3

    Oct 23, 2006
    1,220
    Long Island
    Full Name:
    Chris
    #13 Cscat87, Feb 27, 2007
    wow i thought exotic insurance was much more than that. i pay that much for my 93 nissan, but im also 19.
     
  14. cmcjo

    cmcjo Formula Junior

    Feb 5, 2007
    414
    New Jersey
    Full Name:
    Joe
    #14 cmcjo, Feb 27, 2007
    Yeah they kick your butt with insurance when your 19. Anyone under 25 is considered high risk. Sad when yearly insurance can cost more than the car.
     
  15. cmcjo

    cmcjo Formula Junior

    Feb 5, 2007
    414
    New Jersey
    Full Name:
    Joe
    #15 cmcjo, Feb 27, 2007
    By about 3.5 times the value but the cost of insurance is 8 times higher than the Chevelle. I think they see Ferrari and just throw out a high number.
     
  16. MattF NYMC

    MattF NYMC Formula 3

    Oct 26, 2006
    1,044
    Greenwich, CT
    Full Name:
    Matt Farah
    #16 MattF NYMC, Feb 27, 2007
    the '03 Vanquish costs a bit over 3k/year, with an accident free but ticket-full driving record.
     

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