Ferrari California car insurance rates | finder.com

Ferrari California car insurance rates

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Ferrari california

What to expect when insuring your Ferrari California

Though it’s no doubt expensive to insure, the Ferrari California was built to last and owners attest to its reliability. You’ll also receive an extensive maintenance plan to keep this luxury convertible on the road longer.

How much does Ferrari California car insurance cost?

The average insurance rate for the Ferrari California is $648 per month, or $7,776 per year. The national average sits far lower at $1,426 per year, making this car a whopping $6,350 higher to insure.

Ferrari car insurance rates

Model Monthly insurance rate Base car Price
488 GTB $783 $245,400
488 Spider $868 $272,700
812 $1,188 $335,275
Berlinetta F12 & TDF $1,015 $319,995
California $648 $202,723
FF $935 $295,000
GTC4 Lusso $953 $300,000
Name Product Description Roadside assistance New car protection Available states
Progressive covers anything on wheels! Progressive offers coverage for cars, trucks, motorcycles and snowmobiles. Even Segways are covered.
Included free
Yes, cars under 3 year old & 15,000 miles
All 50 states
Enjoy having your own dedicated agent to help you get the best discounts and coverage.
Included free
Yes, cars under 2 years old
All 50 states
Car insurance through Liberty Mutual will give coverage options for almost any situation.
Optional
Yes, cars under 1 year old & 15,000 miles
All 50 states
Drive less than 30 miles a day? Save on the coverage you need with pay-per-mile insurance from Metromile. Get a low monthly rate then pay just a few cents per mile. Available in AZ, CA, IL, NJ, OR, PA, VA and WA.
Optional
Yes, cars under 1 year old & 15,000 miles
AZ, CA, IL, NJ, OR, PA, VA, WA
Backed by nearly 100 years in the business, Farmers Insurance aims to offer options and support to help you find the coverage you need.
Included free
Yes, cars under 2 years old
All 50 states
Esurance offers a modern online and mobile experience that helps you take your insurance on the go. Available in 42 states.
Included free
Yes, cars under 1 year old & 15,000 miles
All states except AK, DE, HI, MT, NH, VT, WY
Root offers simple, affordable insurance that’s ideal for good drivers. Try the Root app for 2 weeks and see how much you could save. Available in 20 states.
Included free
No
AZ, AR, DE, IL, IN, IA, KY, LA, MD, MI, MS, MT, NM, ND, OH, OK, OR, PA, TX, UT
The General offers affordable coverage for nearly any driver who needs car insurance.
Optional
No
All states except Hawaii, Massachusetts, Michigan and New Jersey
Known for providing insurance to high-risk customers who may have trouble finding coverage elsewhere, SafeAuto offers a lot of different discounts, from those for homeowners to good drivers.
Included free
No
AZ, GA, IL, IN, KS, KY, LA, MS, MO, OH, OK, PA, SC, TN, TX, VA
Discounts, flexible payments and a life coach that guides you to your best rates and coverage with Direct car insurance.
Optional
No
AL, AR, FL, GA, LA, MS, MO, NC, SC, TN, TX, VA
Elephant Insurance offers low-cost auto insurance with big discounts. Breaking from the national herd could save up to 40% off your current car insurance.
Optional
Not specified
IL, IN, MD, TN, TX, VA

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How do I compare insurance for the Ferrari California?

Once the warranty wears off, this convertible may need extra coverage for its relatively high-priced repairs. However, Ferrari’s 7-year maintenance plan will help you keep it in good condition until then.

  • Body type. The California is a luxury convertible, which automatically makes it more expensive to insure. That fact is largely because convertibles come at a high ticket price and their soft tops are less safe than hardtop cars. The California does, however, have an unusual hardtop convertible feature.
  • Fuel. The vehicle gets between 16 and 23 mpg, which is standard for sports cars.
  • Maintenance. Maintenance costs can be expensive on this Italian supercar. However, Californias are built to last. For example, the brakes and clutch have reported long-lasting value among car owners as reported on various car forums.
  • Coverage. In addition to higher maximum coverage than the state minimum, you may want to include add-on coverage or luxury car insurance to protect your investment. Add-ons to consider: loan or lease gap, uninsured/underinsured motorist and agreed value coverage.
  • Insurer options. Most insurance companies will provide coverage for convertibles. However, your options may get more limited if you’re opting for luxury car insurance.
  • Warranty. Ferrari offers a 3-year, unlimited mileage warranty to cover basic repair costs and a maintenance plan that lasts 7 years at no extra cost to you.

Does the Ferrari California qualify for discounts?

To offset this car’s high insurance cost, you may be able to get discounts for having these safety features.

  • Anti-theft system
  • Airbags
  • Anti-lock brakes
  • Electronic stability control
  • Parking sensors

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Why is insurance so high for the Ferrari California?

Although you may love the idea of a sporty California, this car does have a high average insurance rate. That rate is affected by:

  • High MSRP. The car has a price tag ranging in the $200,000s, making it more costly to repair or replace after an accident.
  • Higher coverage. If you choose add-ons or luxury car insurance, these options will up your rates. But you’ll also get premium coverage as the tradeoff.
  • Powerful engine. The California comes with a powerful engine built for speed, and your insurance company knows that. Sports car drivers are more likely to use their cars at higher speeds.
  • Specialized repairs. This Italian sports car may need special parts or a Ferrari specialist for repair work.
  • Convertible top. The car’s breezy top-down ride makes for less protection during an accident than a car without a convertible top.

How reliable is the Ferrari California?

Ferrari California car owners love the car’s low maintenance and repair needs. The car has had a few recalls in past years, though.

  • Safety. This car hasn’t been reviewed by top safety organizations. That’s likely due to the car’s high price tag, making it a somewhat rare choice for consumers.
  • Reliability. The California was built to last. Car owners from review sites and forums sing its praises, including its minimum maintenance and minor repair problems.
  • Recalls. A few recalls have been issued over the years, including a dangerous low pressure fuel line connection, an improperly installed driver side airbag and airbag inflators that exploded upon deployment. These issues have been resolved in recent models.

Bottom line

The Ferrari California’s average insurance rates stand well above the national average. You may have its convertible body, recalls and high-cost parts to thank for that fact. However, owners express their love for its reliability and extensive maintenance plan.

Compare car insurance options for your Ferrari California. Still looking into different cars? Check out their insurance costs upfront.

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Frequently asked questions about the Ferrari California

Sarah George

Sarah George is a writer dedicated to unraveling complicated topics, including medical journalism, philosophy and finance. She loves breaking down the tough stuff into simple terms that everyone can understand. In her free time, Sarah's usually sipping hot tea and talking through movie plots with her husband.

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