Ferrari sits at the pricier end of supercar insurance in Australia, and for understandable reasons: the cars are desirable enough to be theft targets, parts and labour are expensive, and the spec on an individual car can add a fortune that a generic valuation will quietly ignore.
The model range is also wide now — from the Roma to the V6 hybrid 296, the V8s, the V12 12Cilindri and the Purosangue SUV — and the premium tracks the car.
Why Ferrari sits at the pricier end
Three forces push Ferrari premiums up. The cars are highly visible and desirable, which raises theft and attention risk. Parts and specialist labour are expensive, so even moderate damage is a big repair bill. And the brand’s value holds or grows on the right cars, meaning the insured figure — and the exposure — is high.
Indicative ranges by model
| Model | Typical reported range (per year) |
|---|---|
| Roma / Portofino | ~$4,000 – $5,000+ |
| 296 GTB / GTS, F8 | ~$5,000 – $9,000+ |
| SF90 Stradale | ~$8,000 – $10,000+ |
| 12Cilindri / 812 | ~$9,000 – $10,000+ |
| Purosangue | ~$6,000 – $9,000+ |
The optioned-Ferrari problem
No two Ferraris are specced alike, and the options run to six figures — carbon, paint-to-sample, Atelier/Tailor Made interiors, performance packs. A market-value policy can settle you against a stripped base example and ignore all of it. Agreed value, set against your actual spec with documentation, is the fix.
- Document the build and options, with values, when you set the agreed value.
- Insure limited/special-series cars at the real market — they appreciate.
- Confirm Ferrari Approved repairers and genuine parts in the policy.
- Factor theft/garaging — visible, desirable cars benefit from secure, monitored storage.
- Disclose any modifications so the cover reflects the real car.
Want this handled properly?
Tell us about your car and we’ll put our underwriter panel to work — agreed value, the right cover, one concierge from quote to claim.
Frequently asked questions
There’s no single figure — depending on the model, agreed value, driver profile and location, owners commonly report from around $4,000 to well over $12,000 a year. A model like the SF90 or a 12Cilindri sits higher than a Roma. Only a tailored quote is reliable.
This guide is general information only and does not take your personal objectives, financial situation or needs into account. It is not a recommendation to buy any product. Cover, inclusions and exclusions vary between insurers and policies — always read the relevant Product Disclosure Statement (PDS) and confirm the terms that apply to your vehicle before you rely on them.