Hey guys, I ned urgent help. My car comes in on Saturday and both of my insurance companies do not insure Ferraris. My driving record is very good, its just that they don't insure exotic cars. Can anyone recommend an insurance company that is good? BTW, I live in Atlanta, GA. Thanks for your help. Best Shashi
Geico does not insure F430. At least that is what Geico told me. State Farm is great with Ferraris. Had my last 3 Ferraris insured with them and no problems at all. The rates are pretty good too.
I am with State Farm, They have insured Ferrari's, a Diablo, Lotus's, Etc, for me and I have never had a problem. I currently have a 2004 360 spider and just got the new bill...$435 for 6 months.. I think that is pretty cheap...but I am in Ohio .Good Luck!
Shashi Had the same prob just a few weeks ago when trying to insure my 360...see here: http://www.ferrarichat.com/forum/showthread.php?t=183297 I had been with Nationwide for 15+ years and they left me twisting in the wind!!!! My dealer and others sent me to Allstate...they got it done. I will PM you my agents info Best Jason
GEICO may depend on what state you are in. I am in Idaho with geico and my 430 spider is about $1,000 a year. Al
I think mine is maybe 130/month with state farm in alpharetta. for some reason it's more for my 575 and almost free for my 328!
mine is insured with chubb. they are one of the few companies that will pay for a claim based on "stated value" of the vehicle. not much more $ than the competition!
i use state farm too.. has anyone ever totalled their ferrari or ran up a hefty bill with any insurance company.. and if so, what were the consequences? dropped? skyrocketing premiums?
Be careful. I have Chubb and the so called "agreed value" drops every year like a normal policy. You can pay more to restore the value but thats not what I would call an Agreed value" policy where it doesn't change unless both parties 'agree'.
I live in Atlanta as well. Allstate insured my 360, no problem. Same with Gallardo, 911tt and Viper. They have no problems with exotics. Let me know if you want my agent's info. I had mods on my Gallardo, so I was able to get it insured for a higher amount (stated value contract).
correction - my 430 is 110/month with state farm. for some reason my 575 is 143/month with all the same coverages! I guess not enough 430's have been wrecked yet to drive up the insurance?
Nope. Got it from Ferrari of Scottsdale. FOA was unable to get me an allocation for a 6 Speed. Best Shashi