The 812’s average insurance rate is $1,188 per month, or $14,256 per year. That cost is about $12,800 above the national average of $1,426, a pricey rate even by Ferrari standards.
Model
Monthly insurance rate
Base car Price
488 GTB
$783
$245,400
488 Spider
$868
$272,700
812
$1,188
$335,275
California T
$648
$202,723
F12 Berlinetta & TDF
$1,015
$319,995
FF
$935
$295,000
GTC4 Lusso
$953
$300,000
To determine our estimated cost, we aggregated quotes from insurance companies using this profile:
The 812 Superfast needs specialized parts for repair and may warrant extra coverage. However, all Ferraris come with a 7-year maintenance plan that will help you keep the car in top condition.
Body type. The 812 Superfast is a luxury coupe built for speed, just like its name suggests.
Fuel. The 812 gets typical fuel efficiency for a performance car, standing at 13 mpg combined city and highway. In other words, don’t expect it to score points on insurance as an economy vehicle.
Maintenance. Maintenance and repair costs can be expensive due to specialized Italian parts. However, Ferrari covers a huge part of that cost in its standard 7-year maintenance plan.
Coverage. You may want extra protection for your high-dollar supercar. Consider luxury car insurance, which often allows you to receive agreed value coverage and higher policy limits. Also, consider optional coverages like comprehensive, loan/lease gap insurance and uninsured/underinsured motorist.
Insurer options. While most insurance companies will offer coverage for sports cars, Geico doesn’t provide it for Ferraris, for example.
Warranty. As with all new Ferraris, the 812 Superfast comes with the standard 3-year, unlimited mileage warranty. You can also take advantage of their 7-year maintenance plan to keep your car in good running condition.
Why is insurance so expensive for the Ferrari 812?
The Ferrari 812 costs more to insure because it has one of the most powerful car engines on the market, it’s built for speed and performance making it high-risk for accidents. Also, this car has premium Italian parts that are high in price when in need of repair or replacement.
Does the Ferrari 812 qualify for discounts?
Due to this car’s need for speed, Ferrari has included several safety features. You may qualify for a safety discount with these:
Anti-theft system
Airbags
Anti-lock brakes
Electronic stability control
Traction control
Brake assist
Automatic headlights
Rain-sensing wipers
Parking sensors
Why is insurance so high for the Ferrari 812?
The Superfast comes with an insurance rate that’s well above average. Several reasons for the increased rate include:
High sale price. This luxury sports car costs top-dollar, ranging in the $300,000s. That means your insurance company will have to pay more for your reported claims.
More coverage. Premium insurance coverage does mean a higher rate. However, the extra protection may be worth the investment.
Higher limits. You may consider higher policy limits to fully protect your car. Like coverage, you’ll see a raised premium in exchange.
Powerful engine. The Superfast can reach high speeds in no time. But its powerful engine results in more costly insurance.
Specialized repairs. You may need imported parts or a Ferrari specialist to get repairs done, also spiking your insurance rate.
How reliable is the Ferrari 812?
The 812 is a fairly new model for Ferrari, succeeding the F12berlinetta. Its new addition to the market means you won’t find much information on safety and reliability yet.
The model has also not yet seen any recalls, unlike other Ferraris which tend to receive recalls in the first few years on the market.
Safety. This car doesn’t include much safety data with top rating organizations.
Reliability. While there isn’t much information about the 812’s reliability, Ferraris are known for their long-lasting value.
Recalls. No recalls have currently been issued for this new Ferrari model.
Bottom line
Because the Ferrari 812 is built for speed and needs specialized parts for repair, your insurance rates will stay high. However, it hasn’t received any recalls, suggesting its reliability.
Compare car insurance providers for the 812 or look at another make or model.
Frequently asked questions about the Ferrari 812
The Ferrari 812 starts at around $315,000 and goes up as you choose from a variety of options.
The 812 Superfast can go from 0 to 60 mph in 2.8 seconds. It reaches a top speed of 211 mph.
This car features a 6.5-liter V12 engine with 789 horsepower. Plus, it has a 7-speed, dual-clutch automatic transmission.
Sarah George is a personal finance writer at Finder who’s spent the last four years wielding her digital pen on all things banking and insurance. Her know-how has been featured in such publications as CBS, CNET and Reviews.com, and she was a panelist in Finder’s 2020 money-saving webinar. Sarah earned an English education degree and is a Certified Educator in Personal Finance.
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