355 insurance | FerrariChat

355 insurance

Discussion in '348/355' started by doctore007, Mar 28, 2010.

This site may earn a commission from merchant affiliate links, including eBay, Amazon, Skimlinks, and others.

  1. doctore007

    doctore007 Rookie

    Nov 15, 2009
    29
    Looking to insure my 355 spyder. does any one know how much i should be paying per year and with who to ensure with. i am getting ridiculous quotes such as $3000 per year. I had heard that it should run around $1000 per year.
     
  2. First Ferrari

    First Ferrari Formula Junior

    Jun 18, 2005
    523
    Mahtomedi,MN
    Full Name:
    Christopher Reeves
    Depends were you live,your driving record, deductable, miles driven, etc...

    If it helps I pay about $500 per year with an accident free and low mileage plan through State Farm with a low deductable.
     
  3. doctore007

    doctore007 Rookie

    Nov 15, 2009
    29
    is that full comp. coverage for $500
     
  4. First Ferrari

    First Ferrari Formula Junior

    Jun 18, 2005
    523
    Mahtomedi,MN
    Full Name:
    Christopher Reeves
    #4 First Ferrari, Mar 28, 2010
    Last edited: Mar 28, 2010
    Yes, full coverage. Keep in mind that I live in MN so 6 months are storage months but none the less it is $58.00-$60.00 per month full coverage, limited mileage during the season (I drive that car about 300 miles per month) and then drops to something like $20 per month for the storage months. I carry a $250 comp deductable and $500 collision, full glass, rental and towing. Mine is a 95 348 spider.
     
  5. 76Steel

    76Steel Formula 3

    Sep 8, 2007
    1,482
    New Jersey
    Full Name:
    Mike
    Would you consider a collector car insurance? Hagery, Classic car. Its cheap/full coverage/no deductible and free towing as I get from my Classic Car Ins.

    The policy might limit your car to 5K miles a year, but worth a look. Good luck!
     
  6. FerrariDeeJay

    FerrariDeeJay Formula Junior

    Jun 2, 2009
    418
    Chino, CA
    Full Name:
    Michael
    I have my 1995 F355 Spider insured with Progressive for $175/per month. It is insured for up to $65,000 replacement value. No limit on miles. If you lower the replacement value then the price would be less.
     
  7. u2fast

    u2fast Formula Junior

    Mar 22, 2009
    256
    bellaire
    Full Name:
    barry r
    i have hagerty on a 97 355 spider. 1200 and change a year. car is insured for 70,000 after they inspected her. cant be a daily driver, i am the sole driver. i even have flatbed towing in the policy. not that i need it. it is one of those things, dont have it, you will need it. ;-) barry
     
  8. Vegas-Guy

    Vegas-Guy Formula 3

    Nov 25, 2007
    1,828
    Austin, TX
    Full Name:
    Reg
    I use Hagerty and pay $1200yr. for 65k agreeded value and 1k deductable.
     
  9. f355jimv

    f355jimv Formula Junior

    Jan 21, 2008
    685
    Southern California
    Full Name:
    Jim
    $1215 for full coverage in CA with a $500 deductable.

    Seems OK to me.
     
  10. 355tsr

    355tsr Formula Junior

    Mar 9, 2010
    322
    GEICO $355 yr... limit 2500 miles
     
  11. mike_747

    mike_747 Formula Junior

    Dec 15, 2008
    794
    Seattle
    I recently dropped Grundy ($978/yr) and went with a company from the Barret Jackson Auction house called Chartis. Much better policy and was only $417/yr. Agreed value of $60,000 for my 95 spider. Mileage limit of 2,500mi/yr. I think - not sure.
     
  12. Dohangs

    Dohangs F1 Rookie
    Owner Rossa Subscribed

    Oct 31, 2008
    3,121
    Florida
    Full Name:
    Spiro
    I pay around $1000 / year on my 95 Spider. 7500 miles per year limit. I don't come close to that. $250 Deductible. I have State Farm. Full coverage. Live in Florida
     
  13. SGM

    SGM F1 Rookie
    Owner Silver Subscribed

    Sep 27, 2006
    2,797
    Rockville, MD
    Full Name:
    Steve
    I have Allstate and I don't remember exactly what the payment was but there was no hassle with them when my Diablo caught on fire and was destroyed. They also did not have any mileage restrictions.
     
  14. flyguyskt

    flyguyskt Formula Junior

    Sep 22, 2009
    443
    South Dakota
    Full Name:
    sean
    i pay around 500$ a year full coverage NO mileage limit with no deductible glas breakage, $500 deduct for comp coll.

    clean record and all kinds of multiple this and that discounts
     
  15. f355spider

    f355spider F1 World Champ
    Owner Rossa Subscribed

    May 29, 2001
    18,044
    USA
    $1500 per year with zero deductible and no mileage restrictions, with Grundy Worldwide. I have an agreed value policy. (and what they agreed to (granted 5.5 years ago) is insanely high now...)
     
  16. ferrari 512 tr

    ferrari 512 tr F1 Rookie

    Nov 16, 2008
    4,180
    Australia
    Full Name:
    Paolo
    wow thats a top deal
     
  17. Aiden

    Aiden Karting

    Mar 13, 2009
    217
    Huntington Beach, CA
    Full Name:
    Aiden Naughton
    AAA in Orange County, CA is $1000 a year with 5,000 miles and $1,000 deductable, and multi car discounts.
     
  18. unormal

    unormal Rookie

    May 22, 2009
    21
    Mine's insured through Progressive in Indiana. It's about $70/month for comprehensive+collision with a stated-value, after a multi-car discount.
     
  19. AceMaster

    AceMaster Three Time F1 World Champ

    Feb 6, 2009
    34,776
    Ontario, Canada
    Full Name:
    Mike
    What country are you in? What sort of driving record do you have? What other exotics/sports cars have you owned? What do you currently own?
     
  20. terrenceW

    terrenceW Rookie

    Apr 16, 2010
    11
    Check with The Hartford (http://hartfordauto.com/ ) if they can do your car. I’ve been with them for few years now and haven’t really had any cause for complaint despite two minor claims and a transfer.
     

Share This Page