The average Ferrari insurance figure is pulled upward by a handful of hypercars. For the models most people own, premiums are closer to those of other high-end sports cars. As with any exotic, your own profile and the kind of policy you choose matter more than the average.
Key numbers
- Average, full coverage
- $443 a month, or $5,313 a year, according to MoneyGeek.
- Most models
- About $270–$310 a month for the F430, 488, F8, California, Roma and 296.
- Hypercars
- Far more. MoneyGeek lists the LaFerrari above $3,000 a month.
- Biggest variable
- The driver and the type of policy, not just the car.
Ferrari insurance cost by model
| Model | Per month, full coverage |
|---|---|
| F430 | $271 |
| 488 | $290 |
| F8 | $295 |
| California | $297 |
| Roma | $307 |
| 296 | $309 |
| SF90 | $542 |
| LaFerrari | $3,254 |
| All Ferraris | $443 |
Full-coverage averages from MoneyGeek, updated September 7, 2026, for a 40-year-old driver with a clean record and good credit driving about 12,000 miles a year. Minimum coverage averages $224 a month.
What drives the price
- The car's value. Limited-production cars cost far more to insure because a total loss is so expensive.
- The driver. Age, record, credit and location change the quote more than the model.
- Policy type. Agreed-value specialty policies suit Ferraris, especially ones that are appreciating.
- Usage and storage. Limited mileage and a locked garage usually lower the premium.
How to lower your premium
- Compare specialty exotic and collector-car insurers with mainstream ones.
- Choose agreed-value coverage and review the value every year.
- Take a limited-mileage plan if the car isn't a daily driver.
- Ask about discounts for garaging, security systems and multiple policies.
Insurance when you sell
Keep cover in place until payment has cleared and the car has been collected. If the car is appreciating, make sure the agreed value is current before a buyer's inspection or transport.
Ready to sell? The Ferrari seller's guide compares the routes and shows what buyers check.
Common questions
How much is Ferrari insurance per month?
MoneyGeek puts the average at $443 a month for full coverage. Most mainstream models, such as the 488, F8 and Roma, average about $290 to $310 a month.
Why is the average Ferrari premium so high?
Hypercars such as the LaFerrari cost thousands of dollars a month to insure, which pulls the average up.
Is a Ferrari more expensive to insure than a Lamborghini?
On average in MoneyGeek's data, yes: $443 a month against $339. Comparable models are much closer.
Should I use a specialty insurer for a Ferrari?
It's worth a quote. Specialty insurers offer agreed-value policies and limited-mileage plans that suit cars like these.
Sources
- MoneyGeek: Ferrari car insurance costs (updated September 7, 2026)
- MoneyGeek: Lamborghini car insurance costs (updated August 31, 2026)
Figures were checked against these sources in October 2026. Prices change, so confirm before relying on them.