How much does a Ferrari cost to insure?
Here are the average car insurance quotes for a number of common Ferrari models:
| Model | Average quote* |
|---|---|
|
Roma
|
£4,627.48
|
|
488 Spider
|
£2,594.84
|
|
458 Italia
|
£3,155.18
|
|
812 Superfast
|
£4,631.88
|
|
488 GTB
|
£3,313.59
|
|
360 Modena
|
£3,601.71
|
*Average cost of annual comprehensive car insurance, Confused.com data January - July 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)
How can I save on my Ferrari car insurance?
You can't change your driving history, or your age, sadly! But there there are a few things you can do make your car insurance cheaper:
Paying annually
Insurance providers tend to charge interest if you decide to spread costs over a monthly basis. This won't be the case if you pay annually. So, paying for your insurance in one lump sum rather than monthly can actually work out as a cheaper option - if you can afford to do so!
Estimating your mileage correctly
It can be a double-edged sword, but you're only covered for the amount of miles you provide as an estimate when you're searching for a quote.
If you overestimate this, you could end up paying more than necessary for additional miles. However, underestimating your mileage could put your ability to claim at risk, so it's important to provide an accurate estimate.
Improve the security of your car
Additional security devices can help deter thieves and protect your car, this is especially true when it comes to keeping your Ferrari safe. Implementing security features can actually help lower your car insurance premiums.
Compare insurance prices
You shouldn't automatically accept your renewal quote without comparing quotes first. Shopping around can help you find the best deal whether you buy a policy with a new insurer or end up renewing with your current provider.
Consider adding a named driver
Adding a named driver of a certain profile can help lower the cost of your car insurance policy. Naming an older, experienced driver to a policy can be particularly useful for younger drivers.
You'll need to ensure the policyholder is the primary driver of the car, otherwise you could be committing fraud - this is known as fronting.
Increase your voluntary excess
Excess is what you contribute towards a claim. Your voluntary excess is adjustable based on your preferences, whereas compulsory excess is a fixed sum.
Increasing your voluntary excess can bring down the cost of your car insurance policy. But you need to make sure you can afford this in the event of a claim.
No claims bonus (NCB)
NCB is built for each year you go without making a claim. Over time this can help lower your car insurance premiums.
You may have the option of paying to protect your NCB. This means you can make a set amount of claims without losing your NCB.
What car insurance group is my Ferrari in?
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.
Car insurance group checker
The car
Insurance group
Group
9/50
What additional cover can I get for my Ferrari?
Standard policies offer similar cover between car insurance providers. There are some features that don't normally come as standard, but you can buy them as optional add-ons. Some of the typically offered extras include:
Motor legal cover
If you're involved in an accident that isn't your fault, for example, you could be entitled to cover for some legal costs. These could be any solicitors’ fees relating to a car insurance claim or other disputes you resolve in court to recover costs.
Personal accident cover
If you're involved in an accident that causes serious injury or death, you could receive financial protection thanks to personal accident cover. Check your policy details to see exactly what's covered.
Windscreen cover
If your windscreen is chipped or cracked, you can claim for the cost of repair or replacement on a windscreen cover policy. You'll need to check whether this cover extends to your side and rear windows.
Courtesy car cover
Offers you a temporary replacement if your Ferrari needs to go into the garage. Courtesy car cover is sometimes included as standard, so it's worth checking your policy documents.
Breakdown cover
Can provide you with timely assistance if you were to breakdown at the roadside. Exactly how much assistance is available to you depends on the additional cover you buy. Common features include roadside assistance, home start and local and national recovery.
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