Ferrari 488 Spider Car Insurance Cost 2025
The average cost of insuring a Ferrari 488 Spider is $15,505 annually. However, the actual price depends on various factors, including your age, the car’s model year, and other details. Check out our quote tables below to estimate your personalized insurance costs.
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If you’re considering purchasing a Ferrari 488 Spider, it’s vital to factor in the cost of insurance. Insurance plays a significant role in car ownership, so it’s essential to grasp the financial obligation before making a decision. On average, insurance for a Ferrari 488 Spider cost $15,505 per year.
Selecting the appropriate car insurance is crucial to prevent unexpected and potentially costly surprises down the line. Having adequate coverage in the event of an accident can help avoid substantial out-of-pocket expenses. Additionally, being responsible for an accident may lead to higher premiums.
Based on my extensive experience of over ten years studying car insurance rates, I’ve observed the considerable variability in these costs. Factors such as your age, driving history, and location significantly influence insurance premiums.
How Much Does A Ferrari 488 Spider Car Insurance Cost?
Ferrari 488 Spider owners typically pay an average of $15,505 annually for car insurance.
While Unitrin’s pricing can be a helpful starting point, it’s crucial to understand that insurance costs can vary widely due to various factors. These factors include your location, driving history, car age, and the specific coverage options you choose. Generally, having a clean driving record can lead to lower premiums, but a history of accidents or traffic violations may increase rates.
Additionally, insurance rates tend to be higher in busy urban areas compared to quieter rural areas. The type of coverage you select also impacts your premium; for instance, comprehensive coverage, which includes both comprehensive and collision coverage, typically costs more than basic liability coverage.
At Insuranceopedia, we’re dedicated to helping you shop around and compare quotes from different insurance providers to find the best deal for your needs.
Average Insurance Cost Of Ferrari 488 Spider By Model Year
Model Year | Average Premium |
2022 Ferrari 488 Spider | $5,845 |
2021 Ferrari 488 Spider | $2,627 |
2020 Ferrari 488 Spider | $2,635 |
2019 Ferrari 488 Spider | $1,237 |
2018 Ferrari 488 Spider | $4,900 |
2017 Ferrari 488 Spider | $2,537 |
2016 Ferrari 488 Spider | $2,103 |
2022 Ferrari 488 Spider Insurance Rates
The average annual insurance cost for a 2022 Ferrari 488 Spider is $5,845. However, Unitrin offers the cheapest rates, averaging $1,466 per year.
Insurance Provider | Average Annual Cost |
Unitrin | $1,466 |
Penn National | $1,736 |
State Farm | $1,885 |
Metropolitan | $2,119 |
Plymouth Rock Assurance | $3,553 |
Home State Ins Group | $5,157 |
Mercury | $5,180 |
Permanent General | $6,401 |
Safe Auto | $14,945 |
Nationwide | $16,007 |
2021 Ferrari 488 Spider Insurance Rates
The average annual insurance cost for a 2021 Ferrari 488 Spider is $2,627. However, Nationwide offers the cheapest rates, averaging $1,913 per year.
Insurance Provider | Average Annual Cost |
Nationwide | $1,913 |
Travelers | $2,962 |
Unitrin | $3,007 |
2020 Ferrari 488 Spider Insurance Rates
The average annual insurance cost for a 2020 Ferrari 488 Spider is $2,635. However, Metropolitan offers the cheapest rates, averaging $1,037 per year.
Insurance Provider | Average Annual Cost |
Sentry | $2,697 |
American Family | $1,464 |
Nationwide | $5,557 |
Auto Club Group | $2,933 |
Western National | $2,831 |
Farmers | $1,926 |
Metropolitan | $1,037 |
2019 Ferrari 488 Spider Insurance Rates
The average annual insurance cost for a 2019 Ferrari 488 Spider is $1,237. However, Allstate offers the cheapest rates, averaging $1,018 per year.
Insurance Provider | Average Annual Cost |
Allstate | $1,018 |
Mercury | $1,456 |
2018 Ferrari 488 Spider Insurance Rates
The average annual insurance cost for a 2018 Ferrari 488 Spider is $4,900. However, Mercury offers the cheapest rates, averaging $679 per year.
Insurance Provider | Average Annual Cost |
Safe Auto | $5,586 |
Travelers | $1,379 |
General Agents Group | $17,549 |
Farmers | $2,461 |
Mercury | $679 |
Metropolitan | $1,744 |
2017 Ferrari 488 Spider Insurance Rates
The average annual insurance cost for a 2017 Ferrari 488 Spider is $2,537. However, Travelers offers the cheapest rates, averaging $1,861 per year.
Insurance Provider | Average Annual Cost |
Sentry | $3,583 |
American Family | $2,532 |
Metropolitan | $2,029 |
Travelers | $1,861 |
Farmers | $2,681 |
2016 Ferrari 488 Spider Insurance Rates
The average annual insurance cost for a 2016 Ferrari 488 Spider is $2,103. However, Allstate offers the cheapest rates, averaging $804 per year.
Insurance Provider | Average Annual Cost |
Sentry | $3,379 |
Allstate | $804 |
Mercury | $1,907 |
Metropolitan | $2,323 |
Find Affordable Ferrari 488 Spider Insurance Rates
Common Ferrari 488 Spider Insurance Discounts
Discounts are an excellent way to reduce your car insurance expenses. While each insurance company offers unique discounts, here are a few common ones you might qualify for:
- Multi-policy: Bundling your home and auto insurance with the same provider often results in a lower rate.
- Pay annually: Paying your premium in a single lump sum instead of monthly installments can lead to savings.
- Defensive driving: Completing a certified defensive driving course can make you eligible for a discounted rate.
Additionally, there may be other discounts you can take advantage of. Consult your insurance agent to identify the options available to you.
Compare Ferrari 488 Spider 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 top auto insurance providers. The sample profile used was a 40-year-old male purchasing full-coverage insurance with the following limits: $100,000 for property damage liability, $100,000 for bodily injury liability, and a $1,000 deductible. Keep in mind that the numbers provided in this guide may vary from your personal results.
Quotes Analyzed
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FAQs
Do You Need Insurance Before You Can Purchase A Ferrari 488 Spider?
Yes, you must show proof of insurance before driving your Ferrari 488 Spider off the dealership lot. It’s a good idea to purchase a policy in advance and inform your insurance company about your upcoming car purchase, rather than relying on the dealership to provide insurance.
How Can You Get The Cheapest Insurance For Your Ferrari 488 Spider?
To secure the lowest rates for your Ferrari 488 Spider, it’s best to shop around and compare quotes from various auto insurance companies. Luckily, Insuranceopedia makes this easy by offering a platform to compare quotes from multiple providers directly on their website.