Insurance for Ferrari

Insurance for Ferrari

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Discussion

Jumpingjackflash

Original Poster:

589 posts

179 months

Thursday 18th June 2020
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God Morning,

I just bought my first Ferrari. A beautiful 599 however my insurance with Admiral has took a substantial jump. Just to be clear I have owned Mclarens, Astons and Porsches.

Can anyone give me some insurance numbers that are favourable to Ferrari's or supercars please?

thank you

PompeyReece

1,492 posts

89 months

Thursday 18th June 2020
quotequote all
Interesting, I'm with Admiral (not a Ferrari) and their premiums have been pretty good.

I've seen NFU Mutual recommended on here a few times.

Ferruccio

1,835 posts

119 months

Thursday 18th June 2020
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I find Admiral multi car very competitive.

They charge me the same for an Aventador SV fully comp as I pay for my scooter third party, fire and theft with a specialist bike insurer.

MDL111

6,910 posts

177 months

Thursday 18th June 2020
quotequote all
Mine is insured via FFS, c 3.5k p.a. With a 5k/5k excess from memory (that bit me when the windshield needed replacing...) - this is in Germany
My 355 in the UK was via Admiral at the time - c 1.3k from memory

johnnyreggae

2,935 posts

160 months

Thursday 18th June 2020
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Locktons have dedicated Ferrari policies but if you are used to Admiral pricing brace yourself

There are fairly regular insurance threads so other names may come up in them

Taffy66

5,964 posts

102 months

Thursday 18th June 2020
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I use both NFU and Footman James for my Porsches and Ferrari and find both brilliant in all respects.

jayemm89

4,024 posts

130 months

Thursday 18th June 2020
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Most "specialist" insurers should be able to help you out. Adrian Flux, Footman James, Sky Insurance, also worth calling the "not on comparison site" types like Aviva, NFU, Direct Line, etc...

bertie

8,548 posts

284 months

Thursday 18th June 2020
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I'd strongly recommend NFU.

They insure all mine and are brilliant and amazingly competative.

RT964

286 posts

78 months

Thursday 18th June 2020
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That's strange - I'm with Admiral on a multi-car agreement and they were the cheapest around by far when I added my 458 to the policy, however they gave me a stupid quote when I bought my 991, so that's insured with LV.

PS. Congrats on buying a 599, was very tempted by the one down at DL Swindon, but ended up going for a 458 instead.

davejones

110 posts

234 months

Thursday 18th June 2020
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+1 for NFU

We have a “fleet” policy with them for about 18 vehicles including a 550, 911 GT3 and R8 V10 amongst others, they individually underwrite each car with their own excess, bonus and limited mileage terms if required.
The only minor issue I had was that they required agreed valuations to be submitted by MIME qualified valuers that had to be prepared to a given format - not sure if this is still the case as I haven’t had to do any for a couple of years but the valuations I had for my previous provider was not deemed comprehensive enough. However the service and response has been very positive - Only claim experience was for my motorhome last year and the service was first class.

Jumpingjackflash

Original Poster:

589 posts

179 months

Saturday 20th June 2020
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an update but I am not sure where to start....

Firstly I called admiral for a renewal quote. I have a Ferrari 599, Alfa Romeo 159 diesel, no claims, 6 points from April 2017, good area and cars parked in driveway. I was quoted £3.5k!

I was on the internet trying comparison websites. This time I only tried for a quote for the 599 because the Alfa is on it's last legs. I got a quote for £500 from guess who....

Admiral. I double checked all the information and bought the policy straight away. However I was wary something was wrong so I waited one hour to speak to someone directly at Admiral. We checked the quotation and something was wrong. The Ferrari was valued at £40k. I told Admiral the car was worth £120k so the price increased from £500-680!!! I was happy and paid the extra £180.

The Alfa is off the policy but I got a Ferrari 599 fully comp with £1k excess for £680.

bertie

8,548 posts

284 months

Saturday 20th June 2020
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Just as a comparison my 812 cost me £670 with NFU , 50 odd and no points

idealstandard

644 posts

55 months

Saturday 20th June 2020
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Jumpingjackflash said:
an update but I am not sure where to start....
The one thing I don't like about Admiral is how you have to haggle with them as years go by... this year I haggled over 1000 quid off the renewal.

I've got a V12 Vantage, a 599, Range Rover, a mondeo and the other half Alfa Mito on the same policy and its about 2350 a year. I'm 29.

Ljrv101

23 posts

99 months

Sunday 21st June 2020
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https://www.pistonheads.com/gassing/post.asp?h=0&a...

Echo that I have 7 Ferraris a defender and 2 classics on an NFU fleet policy. Great service, and a really competitive price.