Ferrari car insurance

You're probably aware of the costs involved in insuring your Ferrari but it's worth shopping around for the best deal, especially when your insurance is up for renewal.

Research suggests that a third of people renew their policy with their existing insurer without obtaining alternative quotes which can be achieved in minutes these days on the Internet which tends to be cheaper. In fact, most insurers offer a discount for policies bought via the Internet.

Consider fitting your Ferrari with an alarm, immobiliser and tracking device. The more difficult it is for thieves to break in to your car, the easier it will be to reduce the cost of your car insurance. Secure parking or garaging can also significantly reduce insurance costs.

Many insurers will reward drivers who hold advanced driving qualifications. Look out for courses which meet the standards of the Institute of Advanced Motorists.

If you only drive your Ferrari on sunny days, make sure that you let the insurer know. Your low mileage can influence the cost of your Ferrari inurance. However, be careful not to understate your mileage as this could render your insurance invalid.

Negotiating a higher excess can also have a big impact on the cost of insuring your Ferrari. Your insurer doesn't know how well you look after your pride and joy, but you do!

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