Ferrari Insurance
Ferrari insurance can be quite complicated, our specialist team will use their expertise of the Ferrari car insurance market to make sure you get the protection you require at the right price. With our experience in arranging insurance on a Ferrari for our clients, we can advise on the most suitable level and type of coverage for your needs.
Why Ferrari car insurance?
Ferrari car insurance or any similar sports car or high value car insurance is recommended for anyone who owns a vintage classic, a supercar or a rare, imported car. This specific cover can include extra protections that could be necessary for vehicles of this standard, that wouldn’t usually be valid within a normal car insurance policy. For example, add ons like reinstatement cover, or things as simple as your choice of a specialist garage in the event your car need any repairs or restoration after an accident.
Who needs Ferrari insurance?
With Ferrari insurance cost can be a factor. When your car is worth over £50,000, which Ferraris typically are, you need something slightly more specific when it comes to your car insurance. Not many normal run of the mill car insurers offer insurance for higher value cars like Ferraris and if they do, you may well end up being overcharged for it because of your vehicle’s higher price bracket. We know that performance car owners can be completely devoted to their pride and joy, so it’s usually recommended that you use an insurance broker with understanding of the supercar insurance market to make sure that your investment is properly protected. Whether you own an F40, Testarossa, Roma, 360 Spider, Portofino or a Monza, 1st Choice can find you the insurance for Ferrari that suits you and deliver you excellent customer service in the process.
Benefits of Comprehensive Insurance for Ferrari
Fully Comprehensive is the best level of insurance on a Ferrari you can buy, and we typically suggest this protection for all higher valued prestige vehicles. It includes third party, fire & theft and will cover the cost of fixing or replacing your car if it’s involved in an accident or if it’s damaged maliciously (such as vandalism). Comprehensive insurance for Ferrari often includes other benefits such as windscreen cover, extended cover for driving outside the UK, and a courtesy car to replace your vehicle if it’s in for repairs.
How much does comprehensive Ferrari insurance cost? Our team will tailor your Ferrari’s cover to your unique requirements, by building you a bespoke policy, we can make sure you are fully protected in all the areas you need, whilst also keeping the price down as much as possible. Get in touch with the team for a quote.
Things to consider for your Ferrari insurance…
When taking out a Ferrari car insurance policy, it’s a good idea to consider whether the insurers will require you to only use their chosen garage for repairs if your vehicle is ever damaged or breaks down, or whether you’re able to select your ideal Ferrari specialist, which could potentially affect your warranty, depending on where your car was purchased. You might also want to ensure that any parts that require replacements in the event of a repair are specific to your Ferrari’s model and not a replica version or a refurbished part.
It’s also sensible to consider a ‘guaranteed value’ or ‘agreed value’, as opposed to a market value policy, which is a common choice for higher value vehicles, especially rare or classic models. In the event of a complete write off, this type of policy would reimburse a pre-arranged amount that was agreed at the start of the policy. This will probably require a valuation certificate from an independent party to verify the vehicles value for insurance purposes. Particularly for things like Classic Car and Sports Car Insurance, it’s common practice for insurers to request pictures of the car (exterior, interior and engine etc.). Keeping copies of receipts from any modifications or repairs can be used as evidence of your vehicle’s value.
With things like ‘steal to order’ thefts and malicious damage; all luxury cars like Ferraris need to have ample security in place. An alarm or tracker security device is a wise choice and can also have the benefit of lowering your Ferrari insurance cost. Many prestige cars already have a GPS tracker fitted as standard, but if your car doesn’t happen to have one it’s definitely worth investing, as these devices can help the police recover your vehicle if it’s ever stolen. Also, making sure your vehicle is kept in a garage or secure building overnight is another highly recommended option and where your car is stored can also affect the price of your premium.
Our team will be able to advise on the Ferrari car insurance cover options that are available to you, from both well-known and specialist insurers. As with all insurance policies, it is important to carefully check your policy wording to check that it is suitable for all your requirements.
Get a Ferrari Insurance Quote
Whatever your needs for insurance on a Ferrari, 1st Choice offers an award-winning service and is here to help. We offer quick quotes, expert knowledge, competitive pricing, instant coverage, and all your insurance documents via email. Don’t just take our word for it, you can check out what our clients say on REVIEWS here – Over 95% of our clients rate us as ‘Excellent’.
We believe that everyone deserves value for money on their Ferrari car insurance policies, which is why we try to offer robust, fully tailored policies that cover everything you need, whilst also offering great savings. Call our friendly team today on 01743 770 500 or complete our Get a Quote Form to request a call back.