Ferrari California car insurance rates

What to expect when insuring your Ferrari California

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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.

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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

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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