Ferrari Portofino Car Insurance Cost 2025
The average cost of insuring a Ferrari Portofino is $2,165 per year. However, the actual premium may vary depending on factors like your age, the car’s model year, and other individual details. You can use our quote tables below to get an estimate tailored to your specific needs.
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Insuring a Ferrari Portofino is significantly more expensive than covering a standard vehicle, primarily due to its high value and performance capabilities. On average, annual insurance premiums for the Portofino range between $2,165 and $5,977, depending on factors such as the model year, driver’s age, location, and driving history .
For instance, a 2022 model may cost around $2,270 annually, while a 2019 model might be as high as $5,977 per year . Specialty insurers like Hagerty and Grundy often offer tailored policies for exotic cars, which can sometimes be more cost-effective than standard insurers.
To obtain the most accurate and competitive rates, it’s advisable to compare quotes from multiple insurance providers.
How Much Does Ferrari Portofino Car Insurance Cost?
Ferrari Portofino owners typically pay an average of $2,165 annually for car insurance.
While State Farm’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. A clean driving record often results in lower premiums, but a history of accidents or traffic violations can increase rates.
Additionally, living in a busy urban area usually leads to higher insurance rates compared to quieter rural areas. The type of coverage you select also impacts your premium – comprehensive coverage, which includes both comprehensive and collision coverage, tends to 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 most favorable deal for your needs.
Average Insurance Cost Of Ferrari Portofino By Model Year
| Model Year | Average Premium |
| 2025 Ferrari Portofino | $2,279 |
| 2022 Ferrari Portofino | $2,270 |
| 2021 Ferrari Portofino | $3,554 |
| 2020 Ferrari Portofino | $2,671 |
| 2019 Ferrari Portofino | $5,977 |
2025 Ferrari Portofino Insurance Rates
The average annual insurance cost for a 2025 Ferrari Portofino is $2,270. However, State Farm offers the cheapest rates, averaging $813 per year.
| Insurance Provider | Average Annual Cost |
| State Farm | $813 |
| Unigard | $1,426 |
| Farm Bureau Mutual (IA) | $1,578 |
| American Family | $1,845 |
| Permanent General | $2,016 |
| Home State Ins Group | $2,315 |
| Mercury | $2,336 |
| Farmers | $2,961 |
| Metropolitan | $3,226 |
2022 Ferrari Portofino Insurance Rates
The average annual insurance cost for a 2022 Ferrari Portofino is $2,270. However, State Farm offers the cheapest rates, averaging $813 per year.
| Insurance Provider | Average Annual Cost |
| State Farm | $813 |
| Unigard | $1,426 |
| Farm Bureau Mutual (IA Group) | $1,578 |
| American Family | $1,845 |
| Permanent General | $2,016 |
| Home State Ins Group | $2,315 |
| Mercury | $2,336 |
| Farmers | $2,961 |
| Metropolitan | $3,226 |
| Direct General Insurance | $4,187 |
2021 Ferrari Portofino Insurance Rates
The average annual insurance cost for a 2021 Ferrari Portofino is $3,554. However, Allstate offers the cheapest rates, averaging $2,180 per year.
| Insurance Provider | Average Annual Cost |
| Allstate | $2,180 |
| Mercury | $2,255 |
| Metropolitan | $6,227 |
2020 Ferrari Portofino Insurance Rates
The average annual insurance cost for a 2020 Ferrari Portofino is $2,671. However, Mercury offers the cheapest rates, averaging $2,165 per year.
| Insurance Provider | Average Annual Cost |
| Direct General Insurance | $3,502 |
| Mercury | $2,165 |
| Metropolitan | $2,347 |
2019 Ferrari Portofino Insurance Rates
The average annual insurance cost for a 2019 Ferrari Portofino is $5977. However, State Farm offers the cheapest rates, averaging $1,682 per year.
| Insurance Provider | Average Annual Cost |
| Safe Auto | $17,683 |
| Nationwide | $2,480 |
| Unitrin | $1,851 |
| Mercury | $3,977 |
| State Farm | $1,682 |
| Home State Ins Group | $8,190 |
Find Affordable Ferrari Portofino Insurance Rates
Are Ferrari Portofinos Expensive To Insure?
Insuring a Ferrari Portofino is generally more expensive than insuring standard vehicles. The average annual insurance premium for a Ferrari Portofino is approximately $3,618, equating to about $302 per month. However, premiums can vary significantly based on factors such as the model year, driver’s age, location, driving history, and chosen coverage levels. For instance, a 2022 model may cost around $2,270 annually, while a 2019 model might be as high as $5,977 per year. Specialty insurers like Hagerty and Grundy often offer tailored policies for exotic cars, which can sometimes be more cost-effective than standard insurers. To obtain the most accurate and competitive rates, it’s advisable to compare quotes from multiple insurance providers.
Cheapest Car Insurance Companies For A Ferrari Portofino
These estimates are derived from various sources and adjusted to reflect potential variations. State Farm offers the most competitive rate, with an estimated annual premium of $1,646, translating to approximately $137 per month. Mercury and Allstate follow closely, offering annual premiums of $2,169 and $2,166, respectively. Metropolitan and Direct General complete the list with slightly higher premiums.
It’s important to consider that insurance premiums for high-performance vehicles like the Ferrari Portofino can vary significantly based on factors such as driver age, location, driving history, and coverage options. Additionally, some insurers may offer specialized policies or discounts for limited mileage or secure storage. Therefore, it’s advisable to compare quotes from multiple providers to find the most suitable coverage for your specific needs.
| Insurance Company | Average Monthly |
| Mercury | $181 |
| Metropolitan | $199 |
| Direct General | $296 |
| State Farm | $137 |
| Allstate | $180 |
Common Ferrari Portofino Insurance Discounts
Discounts can be a great way to reduce your car insurance costs. While each auto insurance provider offers different discounts, here are some common ones you may be eligible for:
- Multi-policy: Bundling your home and auto insurance policies with the same provider can often lead to a discounted rate.
- Pay annually: Choosing to pay your premium all at once, rather than spreading the payments out monthly, can save you money.
- Defensive driving: Completing a certified defensive driving course may make you eligible for reduced insurance rates.
There may be additional discounts available. Speak with your insurance agent to explore all the options you may qualify for.
Compare Ferrari Portofino To Other Ferrari Models
Looking for other Ferrari model insurance costs?
Our Methodology
To calculate average car insurance costs, Insuranceopedia gathered thousands of quotes from top auto insurance providers. The sample profile used was for a 40-year-old male driver purchasing full-coverage insurance with coverage limits of $100,000 in property damage liability, $100,000 in bodily injury liability, and a $1,000 deductible. However, keep in mind that the figures in this guide may not reflect your specific situation.
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FAQs
Do You Need Insurance Before You Can Purchase A Ferrari Portofino?
Yes, you’ll need to provide proof of insurance before you can drive your Ferrari Portofino off the dealership lot. The best approach is to purchase a policy in advance and inform your insurance company about your upcoming car purchase, rather than relying on the dealership for coverage.
How Can You Get The Cheapest Insurance For Your Ferrari Portofino?
The best way to find the most affordable insurance rates for your Ferrari Portofino is by shopping around and comparing quotes from different auto insurance companies. Fortunately, Insuranceopedia makes it easy to compare quotes from multiple providers directly on our website.
