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Unclear about which auto insurance is right for your Ferrari?. We can help get you covered. Here’s some information you may need about Ferrari insurance premiums, safety features that might save you money, discounts that help your bottom line, and coverage that gives you peace of mind.
Enzo Ferrari, a successful racecar driver, started to make Ferraris for the average motorist after serving in WWI. Given his background, it is no surprise that the Ferraris of today are still designed to go fast. Ferarris are also renowned for their precise engineering and superior luxury, making them a popular status symbol amongst the rich and successful.
Unfortunately, all of the positive characteristics which make Ferarris a popular brand of luxury vehicles also make them difficult to insure at a low price. Almost any time a vehicle is described as a “luxury vehicle”, you can expect your insurance premiums to go up. In addition, Ferrari is a high-profile model, especially in the eyes of thieves. You will need a great deal of anti-theft and security devices in order to help bring insurance costs down. Also, because Ferraris are literally built for speed, they are considered more dangerous to drive and more likely to get into an accident. Insurance companies charge extraordinarily high premiums for such vehicles, because they see a potential collision and subsequent repair/replacement costs as inevitable.
Unfortunately, there are limited ways to save money on Ferrari car insurance. These vehicles are expensive, fast, and substantially more likely to get stolen than other luxury vehicles. All of these issues will yield a higher quote when you shop around for the best insurance deals online.
Try to be the safest driver you can be. Talk to your insurance company about defensive driving courses you can take in order to lower your premiums. Also, it will help significantly if you can prove to them that you have a safe driving record. The fewer tickets, accidents, fender-benders, and traffic violations you have in your past, the less you will have to pay for your Ferrari insurance.
With any type of car insurance, especially Ferrari car insurance, it is important to look around for the best possible deal. Odds are, you will be paying a lot of money to insure your Ferrari, and you want a solid company to help you protect your investment. If the company is large enough, they may be able to bundle your Ferrari auto insurance with other coverage, such as home or boat insurance. Just be sure to do your research before making a final decision on your insurance policy.