Cheap Ferrari Car Insurance in 2026 (Top 10 Low-Cost Companies)
AAA, Erie, and Allstate provide the best cheap Ferrari car insurance, with rates starting at $67/month. AAA offers local agents, Erie delivers 24/7 support, and Allstate includes cheap add-on coverages fit for Ferrari luxury car insurance policies, making them top choices for affordable Ferrari auto insurance.
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Table of Contents
Table of Contents
Licensed Insurance Agent
Kristen is a licensed insurance agent working in the greater Boston area. She has over 20 years of experience counseling individuals and businesses on which insurance policies best fit their needs and budgets. She knows everyone has their own unique needs and circumstances, and she is passionate about counseling others on which policy is right for them. Licensed in Massachusetts, New Hampshire,...
Kristen Gryglik
Licensed Insurance Agent
Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...
Daniel Walker
Updated March 2026
1,883 reviewsCompany Facts
Min. Coverage for Ferrari
A.M. Best Rating
Complaint Level
1,883 reviews
11,638 reviewsCompany Facts
Min. Coverage for Ferrari
A.M. Best Rating
Complaint Level
Pros & Cons
11,638 reviewsThe best cheap Ferrari car insurance options are offered by AAA, Erie, and Allstate, with rates starting at just $67 per month.
3,027 reviews
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AAA
Min. Coverage for Ferrari
$103A.M. Best Rating:
A+Complaint Level:
LowPros
- Competitive rates
- Flexible coverage
- Multiple discounts
- High claims satisfaction
- Financially stable
Cons
- High-risk driver costs
- Limited digital tools
- Varies by location
These providers ensure Ferrari owners can benefit from affordability while receiving comprehensive full coverage auto insurance and exceptional service.
| Company | Rank | Monthly Rates | A.M. Best | Best For | Jump to Pros/Cons |
|---|---|---|---|---|---|
 | #1 | $67 | A | Local Agents | AAA |
 | #2 | $70 | A+ | 24/7 Support | Erie |
 | #3 | $73 | A+ | Add-on Coverages | Allstate |
 | #4 | $76 | A++ | Accident Forgiveness | Travelers |
 | #5 | $78 | A++ | Online Management | Geico |
 | #6 | $82 | A | Local Agents | Farmers |
 | #7 | $86 | A | Student Savings | American Family |
 | #8 | $89 | A+ | Budgeting Tools | Progressive |
 | #9 | $97 | B | Many Discounts | State Farm |
 | #10 | $100 | A | Customizable Polices | Liberty Mutual |
Explore these options to find the right luxury car insurance for Ferrari. Enter your ZIP code above to get the right car insurance at the best price.
- AAA offers the best cheap Ferrari insurance with rates from $67 per month
- Allstate offers a range of extra coverages to enhance Ferrari insurance protection
- Safe drivers get the cheapest Ferrari insurance quotes on average
#1 – AAA: Top Pick Overall
Pros
- Tailored Support: Our AAA insurance review reveals the company’s local agents offer specialized assistance to meet Ferrari insurance needs comprehensively.
- Broad Coverage Options: AAA provides diverse luxury car insurance options designed for high-value Ferrari vehicles.
- Around-the-Clock Roadside Assistance: AAA includes 24/7 support for emergencies involving Ferrari cars.
Cons
- Basic Digital Tools: AAA Ferrari car insurance lacks advanced online features for managing Ferrari insurance policies effectively.
- Membership Required: Drivers must be members to buy cheap Ferrari car insurance from AAA.
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#2 – Erie: Best for 24/7 Support
Pros
- Continuous Support: Erie offers 24/7 customer service for Ferrari insurance inquiries and issues.
- Top-Notch Customer Service: Erie car insurance is renowned for exceptional service, facilitating efficient handling of Ferrari insurance claims.
- Flexible Policy Options: Does Erie Insurance offer collision coverage? Yes, Erie provides customizable policies to cater to luxury vehicle insurance needs like Ferraris.
Cons
- Limited Local Agents: Fewer local representatives may limit personalized service for Ferrari insurance.
- Regional Access: Erie auto insurance for Ferraris is not available in every state.
#3 – Allstate: Cheapest Add-On Coverages
Pros
- Additional Coverage Options: Allstate offers a range of extra coverages to enhance protection for Ferrari vehicles.
- Accident Forgiveness: Allstate Ferrari car insurance can include accident forgiveness benefits, useful for drivers with previous claims.
- Customizable Policies: Allstate allows for detailed policy adjustments tailored to Ferrari luxury car insurance needs. Find more information in our Allstate review.
Cons
- High Deductibles: Deductibles may be higher, potentially increasing out-of-pocket expenses for Ferrari claims.
- Premiums for Add-Ons: Extra coverage options can significantly increase overall Ferrari insurance premiums.
#4 – Travelers: Cheapest Accident Forgiveness
Pros
- Accident Forgiveness Benefit: Travelers provides accident forgiveness to help Ferrari drivers avoid premium hikes.
- Comprehensive Coverage: Travelers features broad coverage options ideal for protecting luxury Ferraris.
- Payment Flexibility: How can I pay my Travelers insurance premium? The company offers different ways to make Ferrari auto insurance payments.
Cons
- Potential for Higher Premiums: Premium costs might be elevated for high-end Ferraris.
- Limited Local Presence: Fewer local agents could restrict personalized service for Ferrari insurance.
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#5 – Geico: Best Online Management
Pros
- Streamlined Online Management: Geico provides a user-friendly online system for managing Ferrari insurance policies.
- Various Discount Options: Our Geico insurance review unveils how the company’s available discounts can help reduce Ferrari insurance costs effectively.
- Competitive Pricing: Geico’s cheap rates on Ferrari car insurance start at $78/month.
Cons
- General Coverage Options: Geico may not offer specialized coverage tailored specifically for Ferraris in all states.
- Service Quality Variability: Customer service may vary, impacting the overall insurance experience for Ferraris.
#6 – Farmers: Best for Local Agents
Pros
- Local Expertise: Read our Farmers insurance review to learn how the company’s local agents offer knowledgeable support tailored to Ferrari insurance requirements.
- Long List of Discounts: Drivers can qualify for over 15 car insurance discounts for Ferraris.
- Extensive Protection Options: Farmers provides comprehensive coverage suited for luxury cars like Ferraris.
Cons
- Mixed Customer Service Reviews: Farmers customer service can vary by state, negatively impacting your Ferrari insurance experience.
- Basic Online Tools: Farmers lacks advanced online tools for managing Ferrari insurance effectively.
#7 – American Family: Cheapest Rates for Students
Pros
- Discounts for Younger Drivers: AmFam offers potential savings through student discounts for younger Ferrari owners.
- Bundling Discounts for Families: American Family has the best car and home insurance discounts for Ferrari drivers with multiple lines of insurance.
- Versatile Insurance Options: American Family provides adaptable car insurance coverage options for high-performance Ferrari vehicles.
Cons
- Higher Insurance Costs: American Family Ferrari insurance premiums can be higher than other companies on this list.
- Regional Availability: Drivers can only buy Ferrari auto insurance from AmFam in 26 states.
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#8 – Progressive: Best Budgeting Tools
Pros
- User-Friendly Online Tools: The Progressive insurance website and app features an intuitive online platform for Ferrari insurance management.
- Customizable Coverage: Read our Progressive insurance review to see how the company’s Ferrari insurance policies can be tailored to your specific requirements.
- Discount Opportunities: Progressive offers multiple discounts that can lower Ferrari car insurance premiums.
Cons
- Higher Luxury Insurance Rates: Ferrari car insurance costs more with Progressive than other companies on this list.
- Inconsistent Customer Experience: The quality of customer service may vary, affecting Ferrari insurance support.
#9 – State Farm: Cheapest With Discounts
Pros
- Diverse Discount Options: A broad range of discounts can lower Ferrari insurance premiums with State Farm.
- Wide Network of Agents: State Farm’s extensive network of agents is available for Ferrari insurance assistance.
- Extensive Coverage Choices: Compare Ferrari car insurance policy options in our State Farm insurance review.
Cons
- Premiums for High-End Vehicles: State Farm auto insurance costs for Ferraris are higher than average if you don’t qualify for discounts.
- Variable Service Quality: Service quality may differ by state, impacting Ferrari insurance support.
#10 – Liberty Mutual: Cheapest Customizable Policies
Pros
- Tailored Policies: Insurance policies can be customized to meet the specific needs of Ferrari owners. See our Liberty Mutual review for further details.
- Comprehensive Protection: Liberty Mutual offers broad coverage options ideal for high-value Ferrari vehicles.
- Flexible Payment Options: Liberty Mutual provides flexible payment plans to manage Ferrari insurance costs.
Cons
- High Costs for Luxury Vehicles: Insurance premiums can be steep for luxury cars like Ferraris.
- Limited Discount Options: Liberty Mutual offers fewer Ferrari car insurance discounts compared to other insurers.
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Ferrari Car Insurance Provider Face-Off
To find cheap Ferrari car insurance, compare coverage options from top providers. AAA Insurance offers minimum coverage of $67 and full coverage of $153, providing essential protection at a low cost. Erie Insurance is another option, with minimum coverage of $70 and full coverage of $162, offering 24/7 customer support for added convenience.
Ferrari Car Insurance Monthly Rates by Provider & Coverage Level| Insurance Company | Minimum Coverage | Full Coverage |
|---|---|---|
| $67 | $153 |
| $73 | $168 |
| $86 | $183 |
| $70 | $162 |
| $82 | $178 |
| $78 | $174 |
| $100 | $193 |
| $89 | $188 |
| $97 | $190 |
| $76 | $172 |
Allstate provides minimum coverage of $73 and full coverage of $168, with flexible policies for customizable protection. Lastly, Travelers offers minimum coverage of $76 and full coverage of $172, ideal for Ferrari owners seeking comprehensive protection and accident forgiveness.
Key Factors Affecting Ferrari Car Insurance Rates
How much does Ferrari F8 car insurance cost? Several crucial factors influence Ferrari insurance premiums. The model and value of your vehicle play a significant role. Insurance companies consider Ferrari to be a sports car and luxury vehicle, leading to increased premiums due to elevated repair and replacement costs.
To secure the best Ferrari car insurance, choose full protection that suits your vehicle’s high value, take advantage of available discounts to lower premiums, and regularly review your policy to ensure it remains comprehensive and cost-effective coverage.
These strategies will not only safeguard your luxury car but also maximize your savings, providing peace of mind and value for your investment.
How to Reduce the Cost of Ferrari Car Insurance
A clean driving history is essential to lowering rates. Ferraris are high-risk vehicles, and avoiding speeding tickets and accidents will keep your premiums as low as possible.
Additionally, top insurance providers offer the best Ferrari car insurance discounts to safe drivers. Take a look at the table below for significant discounts for Ferrari coverage.
Car Insurance Discounts from the Top Providers for Ferrari| Insurance Company | Discount Percentage | Discount Program |
|---|---|---|
| 17% | Auto + Home Multi-Policy Discount |
| 15% | Drivewise Program |
| 12% | Teen Safe Driver Discount |
| 19% | Safe Driver Discount |
| 14% | Signal® by Farmers |
| 18% | Good Student Discount |
| 13% | RightTrack® Program |
| 20% | Snapshot® Program |
| 14% | Drive Safe & Save Program, Multi-Policy Discount |
| 16% | Good Driver Discount |
By utilizing driver discounts and exploring programs from leading companies, you can effectively reduce your insurance costs while maintaining comprehensive coverage.
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Best Companies for Ferrari Car Insurance
AAA, Erie, and Allstate have cheap Ferrari car insurance, but safe drivers without claims will get the cheapest rates. Selecting the right insurance for your Ferrari requires evaluating various important factors.
Justin Wright Licensed Insurance Agent
Focus on comprehensive coverage, maximize available discounts, and regularly review your policy to ensure the best value. Explore options like the best no-claims car insurance discounts for additional savings.
Stop overpaying for luxury car insurance. Our free quote comparison tool allows you to shop for quotes from the top providers near you by entering your ZIP code below.
Frequently Asked Questions
Can you get insurance on a Ferrari?
Yes, you can buy Ferrari car insurance from most major providers, but you might need additional luxury coverage.
How much does Ferrari car insurance cost per month?
The monthly insurance cost typically ranges from $400 to $800, depending on factors like model, location, and driver history. We found full coverage as cheap as $153/month with AAA, but you can enter your ZIP code below to find cheap Ferrari auto insurance companies near you.
Where can you get cheap liability car insurance for a Ferrari?
AAA has the cheapest liability car insurance for Ferrari starting at $67/month, but carrying full coverage auto insurance is recommended to cover the cost of repairing luxury vehicles like Ferrari.
What insurance group is Ferrari?
Ferrari typically falls into the highest insurance group due to its performance and value.
What is the best car insurance for luxury cars like Ferrari?
The best insurance for luxury cars like Ferrari often comes from companies specializing in high-value vehicles, such as Chubb or AIG, with monthly costs starting around $400.
Which company gives the best Ferrari car insurance quotes?
AAA, Erie, and Allstate typically have the cheapest Ferrari car insurance quotes, but you should compare online auto insurance quotes to save money.
Is Ferrari a good car to own?
Ferrari is a great car to own if you value performance and luxury and are equipped to handle its high speeds and engine capacity.
What is the cheapest price for a Ferrari?
The cheapest price for a Ferrari can start around $60,000 for older models.
What car brand owns Ferrari?
Ferrari is an independent brand but was previously owned by Fiat Chrysler.
Which is cheaper, Lamborghini or Ferrari car insurance?
Ferrari car insurance is cheaper than Lamborghini. Use our guide to find cheap Lamborghini car insurance companies.
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