Ferrari 488 GTB Car Insurance Cost 2025
Insuring a Ferrari 488 GTB typically costs $3,358 per year on average. However, the actual cost can vary based on factors like your age, the car’s model year, and other details. You can use the quote tables below to get a personalized estimate of your insurance costs.
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If you’re considering purchasing a Ferrari 488 GTB, it’s important to consider the cost of insurance. Insurance is a significant aspect of car ownership, and it’s crucial to understand the financial commitment before making a decision. On average, insurance for a Ferrari 488 GTB cost $3,358 per year.
Selecting the right car insurance is essential to prevent unexpected and potentially expensive surprises in the future. It’s crucial to have adequate coverage in case of an accident to avoid significant out-of-pocket expenses. Additionally, being responsible for an accident could lead to higher premiums.
With over ten years of experience studying car insurance rates, I’ve noticed the considerable variability in these costs. Factors such as your age, driving history, and location all play a significant role in determining your insurance premiums.
How Much Does Ferrari 488 GTB Car Insurance Cost?
Typically, Ferrari 488 GTB drivers pay an average of $3,358 per year for car insurance.
While Plymouth Rock’s rate provides a useful starting point, it’s important to understand that car insurance costs can vary significantly due to various factors. These factors include your location, driving history, car age, and the specific coverage options you choose. Maintaining a clean driving record often results in lower premiums, while a history of accidents or traffic violations can increase your rates.
Additionally, living in a bustling urban area typically leads to higher insurance costs compared to quieter rural areas. The type of coverage you select also impacts your premium—comprehensive coverage, which includes both comprehensive and collision coverage, will be more expensive than basic liability coverage.
At Insuranceopedia, we’re here to help you shop around and compare quotes from different insurance providers to ensure you find the best deal.
Average Insurance Cost Of Ferrari 488 GTB By Model Year
| Model Year | Average Premium |
| 2023 Ferrari 488 GTB | $960 |
| 2022 Ferrari 488 GTB | $6,044 |
| 2021 Ferrari 488 GTB | $3,509 |
| 2020 Ferrari 488 GTB | $3,639 |
| 2019 Ferrari 488 GTB | $2,597 |
| 2018 Ferrari 488 GTB | $2,214 |
| 2017 Ferrari 488 GTB | $5,070 |
| 2016 Ferrari 488 GTB | $1,399 |
2023 Ferrari 488 GTB Insurance Rates
The average annual insurance cost for a 2023 Ferrari 488 GTB is $960. However, Plymouth Rock offers the cheapest rates, averaging $755 per year.
| Insurance Provider | Average Annual Cost |
| Dairyland | $1,165 |
| Plymouth Rock | $755 |
2022 Ferrari 488 GTB Insurance Rates
The average annual insurance cost for a 2022 Ferrari 488 GTB is $6,044. However, Unitrin offers the cheapest rates, averaging $1,663 per year.
| Insurance Provider | Average Annual Cost |
| Unitrin | $1,663 |
| Metropolitan | $3,211 |
| National Farmers Union P | $3,464 |
| Farmers | $3,513 |
| Travelers | $3,559 |
| Mercury | $6,098 |
| Direct General Insurance | $10,071 |
| Safe Auto | $16,772 |
2021 Ferrari 488 GTB Insurance Rates
The average annual insurance cost for a 2021 Ferrari 488 GTB is $3,509. However, State Farm offers the cheapest rates, averaging $717 per year.
| Insurance Provider | Average Annual Cost |
| Home State Ins Group | $2,745 |
| Nationwide | $1,054 |
| Metropolitan | $4,152 |
| Safe Auto | $10,833 |
| State Farm | $717 |
| Mercury | $1,551 |
2020 Ferrari 488 GTB Insurance Rates
The average annual insurance cost for a 2020 Ferrari 488 GTB is $3,639. However, Nationwide offers the cheapest rates, averaging $973 per year.
| Insurance Provider | Average Annual Cost |
| Nationwide | $973 |
| American Family | $1,111 |
| Hastings Mutual Insurance Co | $1,982 |
| Allied | $2,576 |
| Victoria | $2,590 |
| 21st Century | $4,362 |
| Safe Auto | $5,345 |
| Farmers | $5,357 |
| Travelers | $5,923 |
| Metropolitan | $6,170 |
2019 Ferrari 488 GTB Insurance Rates
The average annual insurance cost for a 2019 Ferrari 488 GTB is $2,597. However, Hanover offers the cheapest rates, averaging $1,142 per year.
| Insurance Provider | Average Annual Cost |
| Direct General Insurance | $5,270 |
| Metropolitan | $2,686 |
| Mercury | $2,594 |
| Travelers | $2,613 |
| Nationwide | $1,274 |
| Hanover | $1,142 |
2018 Ferrari 488 GTB Insurance Rates
The average annual insurance cost for a 2018 Ferrari 488 GTB is $2,214. However, State Farm offers the cheapest rates, averaging $726 per year.
| Insurance Provider | Average Annual Cost |
| Mercury | $1,277 |
| Farmers | $2,516 |
| Home State Ins Group | $2,404 |
| Safe Auto | $6,546 |
| State Farm | $726 |
| Travelers | $1,775 |
| Unitrin | $1,860 |
| Nationwide | $907 |
| Metropolitan | $1,913 |
2017 Ferrari 488 GTB Insurance Rates
The average annual insurance cost for a 2017 Ferrari 488 GTB is $5,070. However, Plymouth Rock Assurance offers the cheapest rates, averaging $1,416 per year.
| Insurance Provider | Average Annual Cost |
| Plymouth Rock Assurance | $1,416 |
| Nationwide | $3,620 |
| Unitrin | $4,260 |
| Travelers | $4,607 |
| Hanover | $11,447 |
2016 Ferrari 488 GTB Insurance Rates
The average annual insurance cost for a 2016 Ferrari 488 GTB is $1,399. However, Virginia Farm Bureau offers the cheapest rates, averaging $834 per year.
| Insurance Provider | Average Annual Cost |
| Virginia Farm Bureau | $834 |
| Allstate | $843 |
| Victoria | $1,000 |
| Travelers | $1,190 |
| Unitrin | $1,516 |
| Permanent General | $1,558 |
| Bristol West | $1,658 |
| Nationwide | $1,747 |
| Mercury | $1,810 |
| Metropolitan | $1,844 |
Find Affordable Ferrari 488 GTB Insurance Rates
Common Ferrari 488 GTB Insurance Discounts
Discounts are a great way to reduce your car insurance costs. While each insurance provider may offer different discounts, some of the most common ones you can check your eligibility for include:
- Multi-policy: Bundle your home and auto insurance policies with the same provider to often receive a discounted rate.
- Pay annually: Some insurers offer savings for customers who pay their premium in one lump sum instead of spreading it out over monthly payments.
- Defensive driving: Completing defensive driving courses from a certified institution can make you eligible for lower premiums.
There may be additional discounts available depending on your situation, so it’s a good idea to speak with your insurance agent. They can help you identify which discounts you qualify for.
Compare Ferrari 488 GTB To Other Ferrari Models
Looking for other Ferrari model insurance costs?
Our Methodology
To calculate average car insurance costs, Insuranceopedia collected thousands of quotes from top auto insurance providers. The sample profile used was for a 40-year-old male driver purchasing full-coverage insurance with coverage limits of $100,000 in property damage liability, $100,000 in bodily injury liability, and a $1,000 deductible. Keep in mind, however, that these figures may not reflect your own specific results, as insurance rates can vary based on individual factors.
Quotes Analyzed
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FAQs
Do You Need Insurance Before You Can Purchase A Ferrari 488 GTB?
Yes, you will need to provide proof of insurance before driving your Ferrari 488 GTB off the dealership lot. The best approach is to purchase a policy first, then inform your insurance company that you are about to acquire the vehicle, rather than getting insurance directly through the dealership.
How Can You Get The Cheapest Insurance For Your Ferrari 488 GTB?
The best way to find the most affordable insurance rates for your Ferrari 488 GTB is by shopping around and comparing quotes from different auto insurance companies. Luckily, Insuranceopedia makes it easy by allowing you to compare quotes from multiple providers directly on our website.
