Who are Ferrari?
Born from a passion for race cars, the Scuderia Ferrari was originally launched by founder and racing enthusiast Enzo Ferrari in 1929.
In 1969 Ferrari became part of the Fiat Group, before splitting away from the newly formed Fiat Chrysler Automobiles (FCA) in 2016.
Now in its 71st year, Ferrari is still at the pinnacle of sports car manufacturing and Formula One dominance.
New Ferraris are made to order and can take up to three years before delivery.
Frequently asked questions
What insurance group do Ferrari fit into?
The value, power and repair costs are just some of the factors determining which insurance group a car will fall into.
Ranging from 1 to 50, generally speaking, the lower the number of the insurance group, the cheaper your car insurance will be. Most Ferraris can be found in group 50.
The reason these cars tend to reach so high on the insurance group scale is their power, acceleration and top speeds, which are all factors that insurance providers take very seriously because they relate to an increased risk that may result in a claim.
In fact, some insurance providers may not provide a quote for your Ferrari, and you may need to find a specialist provider who offers the right level of cover for prestigious sports cars. We can help you find providers that can offer you a fair price on your Ferrari car insurance.
How much does a Ferrari cost to insure?
Factoring the value and the power of the vehicle, it is possible to get a fair price on your insurance premium.
According to our data, the average insurance costs** of these vehicles are:
- Ferrari 458 Spider: average premium £3,547.19 per year
- Ferrari 458 Italia: average premium £1,329.32 per year
- Ferrari Portofino T V8: average premium £2,061.27 per year
- Ferrari California: average premium £1,446.62 per year
**Average price amount based on the top five quotes from Compare the Market data from 1 December 2019 to 1 March 2020. The average is based on all variations of the vehicle model and uses risk data from people with different age ranges, addresses and driving histories. You may find a cheaper or more expensive quote based on your circumstances.
Can I cut the cost of my Ferrari car insurance?
Even if you expect to pay more for such a prestigious car, it doesn’t mean you should just accept the first quote you come across. By using our comparison service you’ll have a choice of quotes, so you can make an informed decision and pick the right policy to suit your needs.
Other ways to help reduce the cost of your car insurance include:
- limiting your annual mileage
- ensuring your Ferrari is kept overnight in a secure place
- building up your no claims discount
- ensuring an industry-approved alarm is fitted
Where can I find Ferrari insurance?
You can compare quotes with us to see if you can start saving on your Ferrari car insurance.
Searching for a quote only takes a few minutes. Consider what’s important to you when insuring your Ferrari and make sure to read the terms of each policy carefully before deciding. That way you’ll have the peace of mind that you’re getting the right level of cover.
And if you’re interested to see how Ferrari insurance compares to other prestigious makes and models, check out our guide to car manufacturers.