Insurance for Ferrari

Check Grundy & Hagerty. Maybe $500.00/yr.

 

I've used Leland - West for about 7 years - very satisfied. 1st with an 84 308QV and now with an 87 TR. Go for the limited use option ( unless you drive the car every day ) and you'll probably pay $350 - 500.

Paul

 

Do a quick search here for insurance and you should come up with enough names to keep you on the phone for days. I went with Hagerty at about $230/year. Check here: http://www.hagerty.com/index.asp?Aff=

John

 

I actually have mine with State Farm. The exotic and specialty insurance groups would not touch me because of a speeding ticket or two. My Ferrari is under a special "collector" policy basically stating that no one else but me drives the car, I am allowed a couple of thousand miles a year...

I pay about $30 a month for this policy. Now if you plan to drive the car alot, termed daily driver, then it will be alot more, approximately $100 to $150 a month with a clean driving record, over 25 and married.

 

BE CAREFULL READ THE FINE PRINT

A lot of the limited use, collector's policies have many restrictions on use miles, type of storage, ect. Your best bet is with your standard carrier, Allstate, Farmers, State Farm on & on, If your record is clean its not that expensive.

John
328 Owner & Ins. Broker

 

My Hagerty policy only limits me to less than 5k a year, it has to be stored in a garage, and nobody under 25 can drive it. I only drive about 8k a year in my daily driver, and the F-car will always be stored in the garage, so....it was a no brainer for me. I called my Allstate agent but they laughed at me!! Hagerty was also great to work. Sent the application in on-line and faxed in the final stuff.

John

 

Definitely read the fine print, but most policies are pretty generous on the mileage, and some even have no mileage restriction (Grundy). Expect to pay around $500 to $600.

Oh, and get that "$40k investment" idea out of your head right now,..it ain't no investment, it's a big money pit! But the most fun you will ever have; you'll never regret it!

 

Worse than a man's wife?


And yeah, I was going to say not an investment, but Dave beat me to it.

 

Curious,

I have a 1989 328 and read with interest the costs that some of you have on your Ferrari insurance. My main carrier is State Farm and has been for years. Because of interest, I called Hagerty and they were even higher in cost than what I have been paying.

Hummm--

Robert Mann

 

Yep, same boat. I called Hagerty, and they wouldn't write a policy without the 2500 miles per year mileage restriction.

 

Hagerty gave me 3,000 miles per year on my GTS. I am going to contact them to verify that figure.

They also require that it be garaged every night.

254.00 per year premium

 

Hagery was $3900 a year for me (26) on a new 360 modena with over 5K miles per year...wow that is a lot for a second car.