Ferrari insurance

Here are the average car insurance quotes for a number of common Ferrari models:

*Average cost of annual comprehensive car insurance, Confused.com data August 2024 - January 2025.

Generally car insurance premiums are based on a number of factors beyond the model of car you drive. If you own a Ferrari though, you might find your quotes are over the average cost of car insurance in the UK.

That's because Ferrari cars are performance cars, so they're typically expensive to buy and have incredibly powerful engines. In the eyes of insurers, the cost and risk involved with these types of supercars is greater than a reasonably priced car with a modest engine.

Despite this, a number of personal circumstances are used to calculate your car insurance premium, including:

• Your address
• Your age
• The car you drive
• Claims history
• Your job title
• Your no-claims bonus (NCB)

Car insurance groups are designed to reflect various elements of your car and its overall risk profile. Each car is designated a number from 1 to 50. The higher the group, the higher your insurance cost could be. It's based on factors such as:

• The car's value: More expensive cars usually fall into higher insurance groups.
• Security features: Security measures that help deter thieves and prevent the chance of a claim can help lower your car insurance group.
• Repair costs: The availability of replacement parts and cost of car repairs is factored into a car's insurance group.
• Engine power: Fast powerful-engines pose a risk by their very nature. They typically fall into higher groups.

Despite features such as the Ferrari Genuine satellite alarm system, there are many risk factors associated to Ferrari cars in the eyes of insurers.

Firstly, Ferrari's are expensive - and replacements parts don't come cheap. They're highly desirable cars, and as such, can attract thieves - particularly older classic cars. Ferrari's are also considered as 'supercars' and have incredibly fast and powerful engines.

These attributes work against Ferrari's in terms of their car insurance grouping, but this vary between each individual model.

Find out what group your car is in

Every model of car features in one of 50 insurance groups. Insurers charge higher prices for higher groups of cars. You can find out your Ferrari's car insurance group with our car insurance group checker tool.

How much you pay for car insurance for your Audi depends on a lot of factors mentioned above, but there are things you can do to help bring down the cost of your policy:

Pay annually for your policy

You'll end up paying less for your insurance. If you decide to pay monthly for your insurance, you could end up paying up to 20% more². This is usually down to the interest that insurers charge.

Increase your voluntary excess

Increasing your voluntary excess could bring down the cost of your insurance. But be sure you set it to a limit you can afford to pay if you need to make a claim.

Build your no-claims bonus (NCB)

Each year that passes without you making a claim helps improve your no-claims bonus. This in turn means that your insurer will offer discounts for each year of no-claims that you have. Don't forget you can protect your NCB on your policy as well, so if you need to claim, it won't affect your NCB

Add a named driver

Adding a driver to your policy with a good NCB and no convictions can help reduce the cost of your policy.

Consider your level of cover

People often think that comprehensive insurance is going to be the most expensive, so they decide to go for third-party only to try and save money. This isn't the case, with comprehensive policies often coming in cheaper than third party policies.

Compare quotes and buy early

According to our data, the best time to buy your car insurance is 25 days² before your renewal date.

²Based on Confused.com data, October - December 2023