Ferrari 488 Pista Car Insurance Cost 2025
The best way to find the most affordable insurance rates for your Ferrari 488 GTB is by shopping around and comparing quotes from different auto insurance companies. Luckily, Insuranceopedia makes it easy by allowing you to compare quotes from multiple providers directly on our website.
We’ve saved shoppers an average of $600 per year on their car insurance.
Insuring a Ferrari 488 Pista is significantly more expensive than covering standard vehicles, reflecting its status as a high-performance supercar. On average, annual premiums for the 488 Pista range from approximately $2,728 to $5,573, depending on factors such as the model year and the driver’s profile .
These elevated insurance costs are influenced by the vehicle’s substantial value, expensive repair parts, and the increased risk associated with high-speed capabilities. Additionally, insurers consider the driver’s age, driving history, and location when determining premiums.
Owners seeking more affordable rates might explore specialty insurers that cater to exotic cars, as they often offer tailored coverage options and potential discounts.
How Much Does Ferrari 488 Pista Car Insurance Cost?
Typically, Ferrari 488 GTB drivers pay an average of $2,728 annually for car insurance.
While Mercury’s rate provides a useful starting point, it’s important to understand that car insurance costs can vary significantly due to various factors. These factors include your location, driving history, car age, and the specific coverage options you choose. Maintaining a clean driving record often results in lower premiums, while a history of accidents or traffic violations can increase your rates.
Additionally, living in a bustling urban area typically leads to higher insurance costs compared to quieter rural areas. The type of coverage you select also impacts your premium—comprehensive coverage, which includes both comprehensive and collision coverage, will be more expensive than basic liability coverage.
At Insuranceopedia, we’re here to help you shop around and compare quotes from different insurance providers to ensure you find the best deal.
Average Insurance Cost Of Ferrari 488 Pista By Model Year
| Model Year | Average Premium |
| 2025 Ferrari 488 Pista | $2,848 |
| 2022 Ferrari 488 Pista | $3,110 |
| 2021 Ferrari 488 Pista | $5,573 |
| 2020 Ferrari 488 Pista | $2,728 |
| 2019 Ferrari 488 Pista | $3,168 |
2025 Ferrari 488 Pista Insurance Rates
The average annual insurance cost for a 2025 Ferrari 488 Pista is $2,848. However, Travelers offers the cheapest rates, averaging $800 per year.
| Insurance Provider | Average Annual Cost |
| Safe Auto | $6,735 |
| Unitrin | $1,620 |
| Mercury | $1,480 |
| Farmers | $2,950 |
| Nationwide | $5,700 |
| Travelers | $800 |
| Metropolitan | $1,100 |
| Home State Ins Group | $2,300 |
| Permanent General |
$2,950 |
2022 Ferrari 488 Pista Insurance Rates
The average annual insurance cost for a 2022 Ferrari 488 Pista is $3,110. However, Mercury offers the cheapest rates, averaging $1,476 per year.
| Insurance Provider | Average Annual Cost |
| Mercury | $1,476 |
| Unitrin | $1,646 |
| Safe Auto | $6,413 |
| Farmers | $2,905 |
2021 Ferrari 488 Pista Insurance Rates
The average annual insurance cost for a 2021 Ferrari 488 Pista is $5,573. However, Travelers offers the cheapest rates, averaging $4,303 per year.
| Insurance Provider | Average Annual Cost |
| Travelers | $4,303 |
| Nationwide | $4,421 |
| Unitrin | $5,598 |
| Tower Insurance Company of New York | $7,970 |
2020 Ferrari 488 Pista Insurance Rates
The average annual insurance cost for a 2020 Ferrari 488 Pista is $2,728. However, Travelers offers the cheapest rates, averaging $814 per year.
| Insurance Provider | Average Annual Cost |
| State Farm | $823 |
| Travelers | $814 |
| Metropolitan | $1,125 |
| Farmers | $1,514 |
| Mercury | $1,658 |
| Home State Ins Group | $2,292 |
| Permanent General | $2,960 |
| Nationwide | $5,721 |
| Safe Auto | $7,645 |
2019 Ferrari 488 Pista Insurance Rates
The average annual insurance cost for a 2019 Ferrari 488 Pista is $3,168. However, Nationwide offers the cheapest rates, averaging $2,793 per year.
| Insurance Provider | Average Annual Cost |
| Travelers | $3,087 |
| Nationwide | $2,793 |
| Hanover | $3,624 |
Find Affordable Ferrari 488 Pista Insurance Rates
Are Ferrari 488 Pistas Expensive To Insure?
Insuring a Ferrari 488 Pista is notably more expensive than covering standard vehicles, reflecting its status as a high-performance supercar. On average, annual premiums for the 488 Pista range from approximately $2,728 to $5,573, depending on factors such as the model year and the driver’s profile . For instance, a 2020 model averages around $2,728 per year, while a 2021 model can cost up to $5,573 annually. These elevated insurance costs are influenced by the vehicle’s substantial value, expensive repair parts, and the increased risk associated with high-speed capabilities. Additionally, insurers consider the driver’s age, driving history, and location when determining premiums. Owners seeking more affordable rates might explore specialty insurers that cater to exotic cars, as they often offer tailored coverage options and potential discounts.
Cheapest Car Insurance Companies For A Ferrari 488 Pista
Mercury Insurance offers competitive rates for the Ferrari 488 Pista, with an estimated annual premium of $2,980, translating to about $248 per month. Metropolitan provides coverage at approximately $3,180 annually, or $265 monthly. Travelers stands out with an estimated annual premium of $1,490, equating to $124 per month. Nationwide offers similar affordability, with an estimated annual cost of $1,500, or $125 monthly. Virginia Farm Bureau presents the most economical option, with an estimated annual premium of $820, translating to about $68 per month.
| Insurance Company | Average Monthly |
| Mercury Insurance | $248 |
| Metropolitan | $265 |
| Travelers | $125 |
| Nationwide | $124 |
| Virginia Farm Bureau | $68 |
Common Ferrari 488 Pista Insurance Discounts
Discounts are an excellent way to reduce your car insurance expenses. While each insurance company offers unique discount options, some common ones to explore include:
- Multi-policy: Bundling your auto and home insurance with the same provider can often result in a reduced rate.
- Pay annually: Paying your premium in a single lump sum instead of monthly installments can sometimes earn you a discount.
- Defensive driving: Completing a certified defensive driving course can make you eligible for lower premiums.
There may be additional discounts available based on your situation. It’s a good idea to consult with your insurance agent, who can help identify all the discounts you qualify for.
Compare Ferrari 488 Pista To Other Ferrari Models
Looking for other Ferrari model insurance costs?
Our Methodology
To determine average car insurance costs, Insuranceopedia analyzed thousands of quotes from leading providers. The sample profile used for this calculation was a 40-year-old male driver purchasing full-coverage insurance, including $100,000 in property damage liability, $100,000 in bodily injury liability, and a $1,000 deductible. However, your individual results may vary based on personal factors.
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FAQs
Do You Need Insurance Before You Can Purchase A Ferrari 488 Pista?
Yes, proof of insurance is required before you can drive your Ferrari 488 Pista off the dealership lot. It’s recommended to purchase a policy in advance and inform your insurance provider about your upcoming car purchase, rather than opting for insurance directly through the dealership.
How Can You Get The Cheapest Insurance For Your Ferrari 488 Pista?
To secure the best rates for your Ferrari 488 Pista, it’s essential to shop around and compare quotes from various auto insurance providers. Fortunately, Insuranceopedia makes this process easy by enabling you to compare multiple quotes directly on their website.
