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Getting behind the wheel of a sleek, high performance automobile can be exhilarating, but before a motorist can legally drive their Ferrari California or 599 GTB Fiorano, they need to be insured. Most vehicle owners in the US are bound by strict insurance laws and requirements, which includes collector cars and luxury automobiles. Insuring an expensive Ferrari, however, can be a little different than insuring an average sedan.
The cost of vehicle coverage is largely dependent on the vehicle being insured. Exotic cars and limited production vehicles can be difficult and expensive to repair, which typically drives up insurance costs. Some insurers may refuse to cover a valuable car because the vehicle owner’s driving record or potential repair costs pose too great of a monetary risk. One of the best ways to find a willing and affordable insurer is to gather auto insurance quotes online and make comparisons.
Shopping around can give motorists a general understanding of how much coverage is going to cost. For these expensive vehicles, the minimum amount of coverage required in any state may not be enough to leave a driver adequately prepared for an accident. Consequently, premiums are frequently higher than the average policy.
For example, a 32 year old single male with a clean driving record and an Infinity Classic Plan could insure a 2009 Ferrari F430 Scuderia – valued at $190,000 – for roughly $300 a month. This includes liability insurance with minimum limits of 100/300/100, uninsured motorist protection with limits of 100/300/100 and comprehensive and collision coverage with a $1,000 deductible.
Almost any guide for quote comparisons will inform motorists that a blemished driving record can significantly increase coverage costs. Policy providers look at motorists with multiple moving violations and insurance claims as high risk drivers who are likely to file claims in the future. Alternatively, staying safe while behind the wheel and keeping a clean record could result in cheaper coverage and potential discounts.


Source: http://www.carversation.com/2012/02/...ing-a-ferrari/