Need Help: Insurance on F430 | FerrariChat

Need Help: Insurance on F430

Discussion in '360/430' started by shashi30004, Feb 13, 2008.

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  1. shashi30004

    shashi30004 Karting

    May 9, 2007
    65
    Somewhere, GA
    Full Name:
    Shashi Reddy
    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
     
  2. ChompsIL

    ChompsIL Karting

    Apr 30, 2007
    137
    Dallas, Texas
    I have several exotics under State Farm including an F430 and no problems.
     
  3. waltferrari

    waltferrari Karting

    Dec 13, 2007
    87
    Southern California
    Full Name:
    Walter Lima
    I have mine with Geico. You could also call Hagerty Insurance.
     
  4. Simon^2

    Simon^2 F1 World Champ

    Oct 17, 2005
    12,313
    At Sea Level
    I'm with CHUBB.
     
  5. blk360m

    blk360m Karting

    Apr 23, 2005
    82
    if you don't mind me asking. whats state farms rate with a 430
     
  6. csun213

    csun213 Karting

    Feb 1, 2006
    117
    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.
     
  7. waltferrari

    waltferrari Karting

    Dec 13, 2007
    87
    Southern California
    Full Name:
    Walter Lima
    I got my 08 Gallardo Spyder insured with Geico. Not F430. Sorry for the confusion.
     
  8. ChompsIL

    ChompsIL Karting

    Apr 30, 2007
    137
    Dallas, Texas
    I wanna say around $180-$200 month.
     
  9. HOF Ferrari

    HOF Ferrari Formula 3
    Rossa Subscribed

    Nov 22, 2007
    1,979
    Canton, Ohio
    Full Name:
    AFG
    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!
     
  10. BCS

    BCS Karting

    Aug 28, 2007
    176
    NJ/NY
    Full Name:
    Bill
    state farm....
     
  11. jbdmd

    jbdmd Formula 3

    Sep 30, 2007
    1,147
    Phoenix
    Full Name:
    Doc Jay
    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
     
  12. carcommander

    carcommander Formula 3

    Sep 28, 2006
    1,705
    Southeast
    Full Name:
    Jim
    Mine is with Fireman's Fund. I have PMed you my agents name in Atlanta.
     
  13. lapeter

    lapeter Formula Junior

    Jun 13, 2002
    885
    SunValley ID&Kapalua
    Full Name:
    Al LaPeter
    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


     
  14. reubenk

    reubenk Formula Junior

    Mar 5, 2004
    333
    atlanta burbs
    Full Name:
    reuben k
    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!
     
  15. Viper01GTS

    Viper01GTS Karting

    Oct 30, 2006
    98
    SC
    State Farm quoted us around $1000 a year for under 5000 miles
     
  16. chris430

    chris430 Karting

    Oct 30, 2005
    182
    My F430 insured by ZURICH, good price.
     
  17. photonut

    photonut F1 Rookie
    Owner Rossa Subscribed

    Nov 16, 2007
    4,080
    Michigan
    Full Name:
    Joel
    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!
     
  18. Houston348

    Houston348 Formula 3

    Oct 18, 2006
    2,297
    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?
     
  19. LouB

    LouB Formula 3

    Apr 15, 2001
    1,811
    FL, OR

    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'.
     
  20. abz

    abz Formula 3

    Aug 27, 2006
    1,439
    PA
    Full Name:
    Al
    Have Geico in Pennsylvania for my 430 coupe. Al
     
  21. achilles99

    achilles99 Karting

    Sep 26, 2004
    239
    Atlanta
    Full Name:
    LT
    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).
     
  22. superyota

    superyota Formula Junior

    Mar 29, 2004
    351
    Newport Beach
    Geico only covers up to 150K for the car..my friend found out the hard way.
     
  23. reubenk

    reubenk Formula Junior

    Mar 5, 2004
    333
    atlanta burbs
    Full Name:
    reuben k
    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?
     
  24. cglass17

    cglass17 Rookie

    Sep 12, 2004
    49
    State farm. I live in Alpharetta.

    Are you getting your car from FOA?
     
  25. shashi30004

    shashi30004 Karting

    May 9, 2007
    65
    Somewhere, GA
    Full Name:
    Shashi Reddy
    Nope. Got it from Ferrari of Scottsdale. FOA was unable to get me an allocation for a 6 Speed.

    Best
    Shashi
     

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