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Insurance on an Enzo

Discussion in '288GTO/F40/F50/Enzo/LaFerrari' started by Matt LaMotte, Jan 21, 2004.

  1. Matt LaMotte

    Matt LaMotte Formula 3

    Oct 30, 2002
    1,868
    Pensacola
    Since the Florida Lottery is up around 35 million right now and I just grabbed a few tickets I've been getting my plans together to see how much it will cost me when I get my Enzo this weekend. Just out of curiosity how much is insurance on one of these a year. I know it's expensive to repair one so I wonder how much all these owners pay to cover there cars while out on the road. I was actually shocked to see that insuring a Ferrari was not as bad as I thought but an Enzo is a special case. After I collect my winnings after the drawing tonight free rides for all Fchat members on me.:)
     
  2. amenasce

    amenasce Two Time F1 World Champ
    Silver Subscribed

    Oct 17, 2001
    28,178
    Paris / Chicago
    Full Name:
    Andrew Menasce
    I asked my dad but im pretty sure he gave me a BS answer..:D

    He said smthg like 1600 $ per year because he has 10+ cars with the same insurance...but still...smells like BS..
     
  3. dream cars

    dream cars Formula 3
    Rossa Subscribed

    Nov 5, 2003
    1,088
    Central FL
    Full Name:
    mike
    Now yets be serious, you are only getting around 17.5 million. because Im going to buy the winning numbers on my way home tonight.

    Im getting a McLaren F1 with my winnings so we can rent out a track and race.

    Good Luck and you can claim your ticket first, I dont want alot of attention.
     
  4. Red360Stradale

    Red360Stradale Karting

    Nov 2, 2003
    229
    Bergen County, NJ
    Full Name:
    Kris G

    You never know, the more cars the bigger the discount. If your dad has had no claims and a clean record he may be telling you the truth.
     
  5. Matt LaMotte

    Matt LaMotte Formula 3

    Oct 30, 2002
    1,868
    Pensacola
    $1600.00 a year seems pretty low to me as well. If it's that cheap I might get a black and a red one.
     
  6. henryr

    henryr F1 World Champ
    Silver Subscribed

    Nov 10, 2003
    17,639
    Atlanta
    Full Name:
    Juan Sánchez Villa-L
    no way it's $1600/yr. the oil change runs $700. and if it is its an oversite on the insurance co's part.

    lets see. i'll take in $1,600 a year and have to pay out $750k or more on a total loss........
     
  7. Kenny94945

    Kenny94945 Karting

    Nov 1, 2003
    153
    Marin Calif
    A month perhaps?

    1600 x 12 = 19,200

    10 years = 192,000.

    Stolen or totaled payout $500,000K+
     
  8. Agent Smith

    Agent Smith Formula 3

    Apr 20, 2002
    1,474
    Why wouldn't it be that cheap? It's not used daily and it's not a theft target. When my wife and I were house shopping and checking into insurance, State Farm was quoting us $600 a year on a $195,000 house. That's a similar small payout on our end for a big benefit should the worst happen.
     
  9. henryr

    henryr F1 World Champ
    Silver Subscribed

    Nov 10, 2003
    17,639
    Atlanta
    Full Name:
    Juan Sánchez Villa-L
    well for starters, the pool of houses is significantly larger than the pool of enzo's to spread the underwriting risk around on and hence forth the much lower premiums

    also, the probability of a total housing loss is much smaller.

    using that same logic, why is the insurance on my ford expedition ($35k or so) $378 and the insurance on a $250k rental home i own $500......
     
  10. henryr

    henryr F1 World Champ
    Silver Subscribed

    Nov 10, 2003
    17,639
    Atlanta
    Full Name:
    Juan Sánchez Villa-L
    and don't forget the cost of liabilty, damages to others & medical
     
  11. Greg G

    Greg G F1 Rookie

    Emenasce gave me a similar answer a few months ago. He also told me he has regular usage insurance for his cars, as opposed to collector/special interest coverage. I find that price very unlikely, and that it is probably more a monthly figure.

    I say leave it alone Andrew... if he realizes how much he's really paying, it just might wind up on Sheehans site LOL.

    GG
     
  12. BWS550

    BWS550 Wants to be a mod

    Apr 1, 2002
    8,933
    NEW JERSEY
    Full Name:
    BRUCE WELLINGTON
    HOW MUCH IS INSURANCE ON A ENZO??

    IF YOU OWN AN ENZO, WHO CARES


    HOW MUCH DOES IT COST TO FILL UP WITH GAS A 55 FOOT YACHT??

    WHO CARES IF YOU CAN AFFORD A YACHT...

    LOGIC HERE...........
     
  13. gabriel

    gabriel Formula 3

    Quoted to me by agents:

    Progressive = $1400 per six months
    Allstate + $700+ per six months
    Full coverage, 86TR. Florida

    Which one do you think I bought? That was a year ago. I understand there has been a rate increase in my local, I have to renew, and I don't look forward to the new quotes.
     
  14. Prancing_Horse

    Prancing_Horse Formula Junior

    Dec 23, 2003
    528
    Arlington,VA
    Full Name:
    Dan
    you will only recive a little a month.

    there are serveces that realy speed up a lottery payment
     
  15. Dave Radu

    Dave Radu Karting

    Nov 20, 2003
    132
    San Jose, Ca
    Full Name:
    Dave Radu
    After you buy the Enzo the balance of the $$$ is what the insurance will cost. So make sure it comes with a full tank of gas.
     
  16. Wayne 962

    Wayne 962 Formula Junior

    Nov 27, 2003
    434
    Well, think of it this way. If you pay about $2000 a year to insure a $25K car (rough estimate), then if you extrapolate, you will come out with about $57,000 per year.

    That is, if you can find an insurance company willing to write the policy. Actually, insurance companies will basically insure anything - for a price...

    -Wayne
     
  17. Ingenere

    Ingenere F1 Veteran
    Silver Subscribed Owner

    Dec 11, 2001
    5,903
    On the Limit
    Full Name:
    Dino
    When I had an F40....I had full coverage, $1K deductible on collission, 0 on comprehensive. It ran about $3500/yr, and I had no accidents and 1 ticket.

    That may give some insight. Ciao....Dino
     

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