Insurance for the California?

i think i am paying about 1900 for my maserati thru State Farm

 

Those rates are both high! I live in Mass and don't pay anywhere near that for my 458 or my new Bentley

 

Varies from state to state, of course, but as a third car on my GEICO policy, it's about $1,300 a year. I did rate quotes with two of the collector car companies, and comparison shopped with another major carrier, and this was the best full-coverage policy I found. I had switched from 21st Century to GEICO a few years ago when their rates for convertibles rose dramatically. Shop around & you'll find something suitable.

 

You've got to age about 20 years very quickly, I suppose. Under 30 years with a car worth seven times your age will cost you various body parts or first-born children, I'm afraid. We all pay for our chosen paths in one way or another; insurance for a Ferrari is one of those problems others would like to have (until, of course, they actually have it and get to pay the bill). Good luck finding a reasonable rate (really).

 

Hi - I also live in Ma but pay more to insure my 2013 California. Mind sharing who you insure with and the deductible? Thanks

 

2013 California State Farm in Kansas. Full coverage with $250 deductible comp.
and collision. $742/6 months.

 

458 spider MSRP 337k age 42 Georgia no tickets last4 years my standard rate is about $5000 year but with discounts home multi car etc it's around 2200 year With state farm

 

I was with State Farm for years, but they just kept raising the rates. I even had the multi-line and multi-car discounts, and they were still high!

I have since switched to the Barrett Jackson endorsed collector car insurance offered by TDC. ZERO deductible, unlimited roadside, repair shop of choice, and a lower rate than anyone else was able to quote me!

Not trying to make a plug for a company here, just trying to help out fellow Fcar owners!

Amy Spengler
TDC Risk Management, Insuring Collector Cars, Homes, Watercraft, Aircraft and More
1440 Arrowhead Drive Maumee, OH 43537
419-794-1080 Direct
877-545-2522 Toll Free
[email protected]
TDC Risk Management - Commercial Insurance, Affluent Personal Insurance

If you have a decent driving record, and not a ton of claims made in the past.. this is probably your ticket. Better product and less money, win-win.

 

Does it matter (for insurance premiums) how many drivers in the household drive this car?
In other words, if only one person in the household (with the best record) is the only driver, would insurance premiums be lower?

 

I have had State Farm for all my insurance for 25 years. Home, auto and business.
Just received my new Homeowners policy with the new deductible method and I
am going to change every policy I have. Beware of hidden increases from State Farm
on policy renewals.

 

2012 California $1,900 per year including:
$1M bodily injury
$100K property damage
$1M uninsured motorist
$1M underinsured motorist
$10K medical
$100 deductible comprehensive
$250 deductible collision
Road service, expenses
from Auto-Owners Insurance

My 2012 FF is $2,400 per year for the same thing

Four drivers, six cars, no tickets , ages 67, 55, 23, 18

 

How can u pay so little for the insurance, Rick ? In Italy there's no way to go below 4k EUROS per year. Not dollars, EUROS. Just no way. And talking about a 100k euros 2010 California.

 

Ouch, glad I'm not driving in Italy! Prices change state by state here. I know my insurance agent works hard to keep the price low too. But I have to think possibly it the odds of having an accident may be higher there? In Ohio we don't have no-fault insurance. Michigan to our north has no-fault insurance and their rates are WAY higher than ours. In Ohio it is illegal to drive without insurance.

In no-fault states if someone else causes an accident, their insurance does not cover it. Your own insurance must cover your car and your passengers so you pay way more because of the bad driving history of others. We don't have that in Ohio.

 

Intredasting.

I heard something about that in 2010 while I was in Ft. Lauderdale in Florida.
Should be illegale EVRYWHERE to drive without insurance if u ask me, freedom or not, rich or not. Then again yes, in Italy Ferraris cost way less than in the US, but taxes and insurance are WAY higher, from what I've seen.

Example : in 2011 Monti (prime minister) decided to apply a supertax on all vehicles exceeding 250 hp.
For every 1,36 hp more than 250 (meaning for every 1Kw more than 180) u pay 20 euros. Per year

For example : the FF pays 2k tax per year. Normally. Now, if u buy it NEW, for the first 5 years u pay 2k euros PLUS 6k euros of super tax. Meaning 8k euros yearly just in taxes. After the 5th year the supertax effects only 65%, so it's 6k per year. When the car is 10 years old, u only pay the normal 2k tax until it hits 20 years when it doesnt pay anymore taxes of anykind and almost no insurance too cause it's considered historical.

Which means 10,500 dollars yearly only in taxes.

Ah, 100 octane gasoline in Italy= 9,62 dollars pg

Plus, for a new FF forget about less than 6keuros insurance per year.

I guess accidents rates are way lower in Ohio than in Italy.


Then again this makes Ferraris depreciate really fast and they indeed become bargains after 10 years when the supertax ends.

 

They depreciate here too especially if you drive them every day like I do. And that is OK. Who knows, I may eat half the price of my FF or more next year when I will hopefully sell it to order a new FF.

Good news maybe for you ... since the T only gives its full horsepower in 7th gear, if you promise to only use 1-6 maybe they will give you a tax discount ?

 

For my usage, I'd be happy just with 1-4

 

I have Geico for our everyday cars and Leland West for my California. The three everyday cars (08 Land Rover LR2, 2014 ML350, 2015 S550) with Geico for 3600/yr in TX. Rate is high due to 2 teenage drivers - one 19 and one new driver at 17. No accidents and no tickets - 800+ credit.

Just added the 10 Cali. - Geico quoted additional 3200. Called around, Safeo similar, State farm similar - Haggerty $2500. Finally Leland West at $1670.

to be fair, Geico allowed unlimited miles/drivers and Leland at 3K/year tier - only myself and wife. I am fine with 3K because this is a weekend/fun ride only.