Car Insurance for Ferrari

Check for any available car insurance offers for your Ferrari.

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, updated on February 16th, 2024       

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Ferrari is an Italian car brand known worldwide for its luxury, high-performance vehicles. If you own such a valuable car, it’s vital you have adequate car insurance cover in place to ensure you and your car are protected on the road.

You can compare any available car insurance options for you Ferrari online to help you find the cover you need. Explore your options today.

Ferrari 296 GTB

How much does it cost to insure a Ferrari in Australia?

The cost of car insurance for a Ferrari in Australia can vary depending on a wide range of factors specific to you, your car and your insurer.

As Ferraris are high-value vehicles, many standard insurance companies may not be able to provide cover for your car. In such circumstances, you will have to rely on specialist insurers that offer car insurance policies designed for expensive luxury vehicles.

You can compare offers for all Ferrari models currently available in Australia, including the following:

  • 812 GTS
  • 296 GTB
  • 296 GTS
  • SF90 Stradale
  • SF90 Spider
  • Ferrari Roma
  • Ferrari Portofino 

What factors can influence the car insurance price for my Ferrari?

Vehicle value

A Ferrari's high value can significantly impact insurance costs, as it will cost more to repair or replace in the event of an accident, theft or damage. Insurance premiums for Ferraris tend to be higher to account for these potential expenses.

Performance capabilities

Ferraris are renowned for their exceptional speed and performance. While these features make them exciting to drive, they also present a higher risk of accidents , which many insurance providers take into consideration.

Driver experience

Age and experience are both considerations when determining premiums. Younger or less experienced drivers may face higher insurance costs due to the perception of increased risk, while experienced drivers with a clean driving record may enjoy more favourable rates.

Vehicle modifications

Ferrari owners may personalise their vehicles with aftermarket modifications to enhance performance or aesthetics. However, car modifications can also increase the cost of repairs or replacement parts and thus the cost of insurance.


Where the Ferrari will be driven and parked can affect insurance prices. Urban areas with higher traffic congestion and crime rates may result in higher premiums, while less densely populated areas may offer lower insurance rates due to the reduced risk of accidents and theft.

Types of car insurance for Ferrari

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Savvy’s comparison service includes selected products from a panel of trusted insurers and does not compare all products in the market. Any advice presented above or on other pages is general in nature and doesn’t consider your personal or business objectives, needs or finances. It’s always important to consider whether advice is suitable for you before purchasing an insurance policy. We always recommend readers to consult the Product Disclosure Statement (PDS) of different policies before purchasing your car insurance.

Ferrari 296 GTB

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