Ferrari Car Insurance: How Much Is Ferrari Insurance? 2026
The average monthly insurance cost for a Ferrari is $653, which adds up to about $7,842 per year.
We’ve saved shoppers an average of $600 per year on their car insurance.
Insuring a Ferrari currently costs an average of $7,842 per year, depending on the specific model, your location, and your driving history. Because standard auto insurance policies rarely cover exotic vehicles adequately, owners typically require specialized collector car insurance with agreed-value coverage limits.
Premiums for entry-level models like the Ferrari 488 GTB sit on the lower end of that spectrum, while flagship hypercars demand significantly higher rates. Underwriters calculate these exact premiums based on the vehicle’s extreme performance capabilities, specialized repair network requirements, and costly replacement parts.
How Much Does Ferrari Insurance Cost?
The average cost to insure a Ferrari is $653 per month, adding up to approximately $7,842 per year. However, your insurance premium will vary based on factors such as your age, location, driving history, and the specific Ferrari model you own.
Average Ferrari Insurance Cost By Model
A key factor in determining your car insurance rate is the model that you drive. According to our analysis, the average cost of insuring a Ferrari, across all models, is $7,842 per year.
The Ferrari 488 GTB is the cheapest model to insure, at $7,239 per year. On the other hand, the Ferrari 812 Superfast is the most expensive, at an average of $8,445 per year.
Use the table below to compare insurance rates for Ferrari models.
| Ferrari Model | Average Yearly Insurance Cost |
| Ferrari 488 GTB | $7,239 |
| Ferrari 812 Superfast | $8,445 |
| Ferrari Portofino | $7,540 |
| Ferrari F8 Tributo | $8,144 |
Keep in mind that these numbers are averages, and your actual insurance cost may differ based on where you live, your age, driving record, and the type of coverage you select.
Are Ferarris Expensive To Insure?
The national average car insurance cost is $157 per month, whereas insuring a Ferrari averages $653 per month across all models—substantially higher. However, insurance rates are typically influenced more by the specific car model than the brand as a whole, so it’s crucial to check rates for your particular Ferrari.
Ferrari 488 GTB Insurance Cost
The average cost of insuring a Ferrari 488 GTB across all model years, is $3,368 per year. Use the table below to compare rates for different model years.
| Model Year | Average Yearly Premium |
| 2023 Ferrari 488 GTB | $965 |
| 2022 Ferrari 488 GTB | $6,076 |
| 2021 Ferrari 488 GTB | $3,528 |
| 2020 Ferrari 488 GTB | $3,659 |
| 2019 Ferrari 488 GTB | $2,611 |
Ferrari 812 Superfast Insurance Cost
The average cost of insuring a Ferrari 812 Superfast across all model years, is $2,878 per year. Use the table below to compare rates for different model years.
| Model Year | Average Yearly Premium |
| 2022 Ferrari 812 Superfast | $3,634 |
| 2021 Ferrari 812 Superfast | $2,155 |
| 2020 Ferrari 812 Superfast | $3,953 |
| 2019 Ferrari 812 Superfast | $2,452 |
| 2018 Ferrari 812 Superfast | $2,197 |
Ferrari Portofino Insurance Cost
The average cost of insuring a Ferrari Portofino across all model years, is $3,637 per year. Use the table below to compare rates for different model years.
| Model Year | Average Yearly Premium |
| 2022 Ferrari Portofino | $2,282 |
| 2021 Ferrari Portofino | $3,573 |
| 2020 Ferrari Portofino | $2,685 |
| 2019 Ferrari Portofino | $6,009 |
Ferrari F8 Tributo Insurance Cost
The average cost of insuring a Ferrari F8 Tributo across all model years, is $2,808 per year. Use the table below to compare rates for different model years.
| Model Year | Average Yearly Premium |
| 2023 Ferrari F8 Tributo | $2,001 |
| 2022 Ferrari F8 Tributo | $2,482 |
| 2021 Ferrari F8 Tributo | $4,100 |
| 2020 Ferrari F8 Tributo | $2,648 |
Cheapest Car Insurance Companies For Ferraris
The cost of your Ferrari car insurance policy will depend on the company that you choose. GEICO offers the cheapest rates for insuring a Ferrari, at $2,200 per year.
Use the table below to compare cheap full-coverage rates for a Ferrari.
| Company | Average Annual Premium |
| GEICO | $2,200 |
| National General | $3,887 |
| State Farm | $3,641 |
| Farmers | $3,933 |
| Allstate | $4,517 |
Ferrari Car Insurance Cost – By Driver Age
The rates you pay to insure a Ferrari will differ dramatically based on driver age. Younger drivers tend to pay a lot more for car insurance because, statistically, they are much more likely to get into accidents.
As drivers get older, their insurance rates tend to drop until they turn about 60-70. Then their rates increase again.
| Age | Average Annual Rate |
| 17 | $10,054 |
| 18 | $9,551 |
| 19 | $9,048 |
| 20 | $8,546 |
| 21 | $8,043 |
| 22 | $7,691 |
| 23 | $7,289 |
| 24 | $6,887 |
| 25 | $6,535 |
| 30 | $5,781 |
| 35 | $5,278 |
| 40 | $5,027 |
| 45 | $4,675 |
| 55 | $4,022 |
| 65 | $4,223 |
| 75 | $4,524 |
Seeing the average cost is helpful, but it doesn’t tell you what your own policy actually protects. Curious what’s really in yours? Upload it to PolicyOwl and get a clear, plain-English breakdown in minutes.
Average Ferrari Car Insurance Rates – By Company
| Insurance Provider | Average Monthly Premium |
| GEICO | $1,005 |
| State Farm | $1,056 |
| Progressive | $1,106 |
| Allstate | $1,156 |
| Farmers Insurance | $1,206 |
Average Ferrari Car Insurance Rates – By U.S. State
| State | Average Annual Rate |
| Alabama | $7,000 |
| Alaska | $6,592 |
| Arizona | $6,957 |
| Arkansas | $6,711 |
| California | $10,150 |
| Colorado | $7,000 |
| Connecticut | $8,145 |
| Delaware | $8,327 |
| Florida | $10,250 |
| Hawaii | $8,681 |
| Idaho | $6,675 |
| Illinois | $7,547 |
| Indiana | $6,946 |
| Iowa | $6,800 |
| Kansas | $6,978 |
| Kentucky | $7,073 |
| Louisiana | $8,750 |
| Maine | $6,547 |
| Maryland | $7,451 |
| Massachusetts | $7,773 |
| Michigan | $8,945 |
| Minnesota | $6,924 |
| Mississippi | $6,874 |
| Missouri | $7,000 |
| Montana | $6,899 |
| Nebraska | $6,956 |
| Nevada | $7,194 |
| New Hampshire | $7,169 |
| New Jersey | $8,297 |
| New Mexico | $6,846 |
| New York | $8,278 |
| North Carolina | $6,939 |
| North Dakota | $6,800 |
| Ohio | $7,000 |
| Oklahoma | $7,000 |
| Oregon | $7,000 |
| Pennsylvania | $7,547 |
| Rhode Island | $8,663 |
| South Carolina | $6,973 |
| South Dakota | $6,756 |
| Tennessee | $7,000 |
| Texas | $6,966 |
| Utah | $6,905 |
| Vermont | $6,447 |
| Virginia | $7,103 |
| Washington | $7,038 |
| West Virginia | $7,137 |
| Wisconsin | $6,944 |
| Wyoming | $6,873 |
| Georgia | $7,000 |
How to Save Money on Ferrari Car Insurance?
Owning a Ferrari involves several costs, and car insurance is a significant one. However, there are ways to cut down on these expenses. Here’s how:
Keep a Clean Driving Record
Your driving history affects your insurance rates. By avoiding accidents and traffic tickets, you demonstrate to insurers that you’re a low-risk driver, which can help lower your insurance premiums.
Bundle Your Policies
Many insurance companies offer discounts if you combine different types of insurance, such as home and auto. This can make managing your policies easier and reduce your overall insurance costs.
Increase Your Deductible
Raising your deductible—the amount you pay before your insurance coverage kicks in—can lower your premium. Just make sure you can afford the higher deductible in case of an accident.
Add Safety Features
Ferraris come with many safety features, but adding extras like anti-theft devices can further decrease your insurance costs by reducing the risk of theft and damage.
Look for Discounts
Insurance companies often offer discounts for things like being a good student, having a clean driving record, or completing a defensive driving course. Check with your insurer to see what discounts you might be eligible for.
Compare Quotes
Insurance rates can vary significantly between different providers. Get quotes from multiple insurers to find the best deal for your situation.
Consider Usage-Based Insurance
If you don’t drive your Ferrari very often, usage-based insurance might be a good option. This policy type sets your premium based on how much you drive, which can save you money if your Ferrari isn’t your primary vehicle.
Our Methodology
In order to calculate average car insurance costs, Insuranceopedia aggregated thousands of quotes from leading auto insurance providers. The sample profile was for a 40-year-old male driver buying full-coverage car insurance with these coverage limits: $100,000 in property damage liability, $100k in bodily injury liability and a $1,000 deductible. However, the figures in this guide may differ from your own individual results
FAQs
What Is The Most Expensive Ferrari Model To Insure?
At $8,445 per year, the Ferrari 812 Superfast is the most expensive Ferrari model for car insurance.
What Is The Cheapest Ferrari Model To Insure?
The Ferrari 488 GTB is the cheapest model for car insurance, at $7,239 per year.
About Bob Phillips
Bob Phillips is a former California-licensed insurance agent (license #0C27547) with over 15 years helping clients plan their finances. He holds the Chartered Life Underwriter (CLU) designation from The American College, a BA from the State University of New York, and Series 6, 7, 26, 63, and 65 securities licenses, and has held life, health, disability, and property/casualty insurance licenses.
He has written hundreds of insurance and investment articles and published two financial books. You can verify Bob’s license history (#0C27547) at the California Department of Insurance.