Ferrari insurance
Ferrari insurance quotes from licensed Australian brokers
Agreed value on everything from a 296 to a Daytona, repairs through approved bodyshops, and brokers who understand what parts from Maranello actually cost.
- Licensed Australian brokers
- Free to use
- No obligation
Ferraris sit awkwardly on mainstream motor policies. Values on many models have held or climbed rather than fallen, which is the opposite of what a market value settlement assumes. Repairs run through a small approved network, panels are aluminium or carbon depending on the model, and parts often come from Italy on a lead time measured in months rather than days. Cover for these cars is arranged through insurers who underwrite them individually. CoverMy is free to use. Tell us about the car once and licensed Australian brokers come back to you with options.
What Ferrari owners usually ask a policy to do
The headline cover is comprehensive, so it responds to damage to your car and to damage you cause others. What separates a specialist policy is how it behaves after the accident rather than before it. Go through this list with your broker, because these points are decided by the wording, not by the brand on the schedule.
- Agreed value set at the start of the policy period, supported by a valuation on rarer models
- Repairs directed to a Ferrari approved bodyshop rather than a general smash repairer
- Genuine parts, and how the policy handles long lead times from Italy
- Cover while the car is with a dealer or specialist for servicing
- Salvage retention, which matters on limited series cars
- Transport after an incident, including enclosed transport on some wordings
Modern Ferraris and classic Ferraris are different risks
A 296 GTB or SF90 is a hybrid with a high voltage system, and repair procedures reflect that. A 360 or F430 is a comparatively conventional car that is now old enough for parts availability to matter. Anything from the front engine V12 lineage or the limited series cars sits in a different bracket again, where value is driven by history and originality rather than kilometres. Ferrari runs a certification programme for older cars through Classiche, and an insurer will often ask whether a car holds that certification when setting an agreed value.
What drives your premium
Underwriters price the likelihood of a claim against the cost of putting the car right. The sum insured leads, then annual kilometres, then where the car is garaged overnight. A car doing club runs and weekend drives from a locked garage presents differently to one parked on the street. Your claims and driving history over roughly the last five years matters, as do the drivers you want listed. Adding a young driver to a car with this much output moves the number sharply, and some insurers will decline it outright.
Track use and Corse Clienti events
Road policies commonly exclude timed and competitive events, and many exclude circuit driving of any kind. That catches more than racing. Sprints, hillclimbs and some manufacturer run track experiences can fall inside the exclusion. If you plan to use the car at Phillip Island or Sydney Motorsport Park, raise it at quote stage and ask about standalone track day cover, which can sit alongside the road policy for the days you are on circuit.
How it works
- 1
Tell us about the Ferrari, where it is kept and who drives it
2 min form
- 2
Licensed brokers review and compete on your quote
- 3
Compare offers and choose
No obligation
Frequently asked questions
How much does it cost to insure a Ferrari in Australia?
There is no single figure. The agreed value is the largest input, but garaging, annual kilometres, listed drivers, claims history and the excess all move the premium. A 12 year old California and a new 296 GTB are priced very differently. A broker can put your details to several insurers and come back with real numbers.
Do I need agreed value on a Ferrari?
Most owners take it. Market value settlements are assessed after the loss and can sit below what it would cost to replace a specific model and specification in Australia, particularly where values have risen. Agreed value fixes the figure up front. Values move, so it is usually reviewed at each renewal.
Can I choose my own repairer?
Many specialist policies allow you to nominate a repairer, and some let you name a Ferrari approved bodyshop. This is worth confirming in writing. Approved shops hold the training and equipment for the structures and finishes used on these cars, and using an unapproved repairer can affect a manufacturer warranty.
Is my Ferrari covered on a track day?
Usually not under a road policy. Competitive and timed use is commonly excluded and some wordings exclude circuit driving outright. Standalone track day cover can be arranged for the days you are on circuit. Tell your broker before the event.
Does Classiche certification affect my cover?
It can affect the value an insurer is prepared to agree on an older car, since certification speaks to originality. It is not a requirement for cover. Your broker will tell you whether the insurers they approach take it into account.
Does CoverMy sell the insurance?
No. CoverMy passes your request to licensed Australian brokers who contact you directly. The advice, the quote and the policy come from the broker you choose to deal with. There is no cost and no obligation.
Get Ferrari insurance quotes
Two minutes on the form and brokers who place these cars will be in touch. Prefer to talk first? Call 1800 677 761.
Other cover you might need
This page is general information only. It does not take your situation into account and it is not a recommendation to buy any policy. Cover, limits and exclusions vary between insurers, so read the Product Disclosure Statement and Target Market Determination and refer to your broker for the full details of any policy.
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This page is general information only. It does not take your situation into account and it is not a recommendation to buy any policy. Cover, limits and exclusions vary between insurers, so read the Product Disclosure Statement and Target Market Determination and refer to your broker for the full details of any policy.
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