new here i have a question for insuring Ferrari

Do you want to adopt another son? I'm on the market

 

Under 25 is going to be expensive, that's just fact.

Try State Farm, they have my 328 insured as a regular vehicle with no restrictions for a very reasonable price.

You might also try some of the collector car insurance companies, but they tend to have restrictions about when/where you can drive them, and restrictions on storage conditions.

 

Try State Farm, they have my 328 insured as a regular vehicle with no restrictions for a very reasonable price.





Second that I have had all my cars including three Ferraris and prices have been reasonable.

 

She insured my 355 in Austin when I had the car. I only paid $1400/ year and I was 29 at the time. Allstate underwrites the policies for Hagarty if I am not mistaken.

Cindy Hutchinson
(512) 459-5363
5509 Balcones Dr, Austin, TX

 

state farm hear also. Under 25 is a biotch though.

 

Agree my son ( with some tickets ) at 23 on his 3 year old Pontiac is twice what my Ferrari 360 costs.

 

++ on the State Farm.

What we did was to get an old Acura we could use as an airport beater, and listed this as the primary car for the stepson. Then he could have limited use coverage on the Porsche and both the Corvettes. But he is 25 now and this has really helped on the cost.

 

I'm in the same boat - almost. Considering the purchase of a '98 355B and I have questions about insurance as well.

I live in Los Angeles, California - might make a difference. I'm pretty sure AAA will insure this vehicle at a "reasonable" rate but my other concern is will they insure it for a 'reasonable value'?

I'm finding that since there is no Kelly Blue Book available the process by which they would ascribe replacement value is fuzzy to say the least.

What deductibles do you folks purchase?

What company is reasonably priced and has demonstrated they pay fairly in the event of a major claim, ie., total loss due to collision or theft? (or are Ferraris never stolen and never wrecked in which case who cares about anything other than liability?)

 

My 360 Modena is only $100/month.

The keys to the best rate were:
1. State Farm.
2. Multi-car discount (give them all your car business)
3. The named insured is not in his early 20's.


Also, my agent said that someone else could drive my car to some degree, w/out me even being in the car (!) and coverage would still be in place. Look, I'm not thinking of all the ETHICAL issues right here, but at least contemplate having the car in YOUR name, and insurance in YOUR name, and letting him drive it. Again, always think about the ethics before you decide on something, but I do wonder how many people do something like this??

 

Average $5000/year for maintenance/repairs is NOT that far off, for an average real-world figure for a 355, I would guess.

 

my father has a rolls royce phantom with nationwide and he pays around $2500 a year and he has it insured for $300K+, you should just get something with a huge deductible bc its very unlikely anything will happen if he's driving so little