Ferrari Insurance for Classic and Collector Ferraris

By Jon Merwin, Founder and CEO

A Ferrari is often the most valuable vehicle in a collection, and one of the most complicated to insure well. In New England we see Dino and 308 owners who drive their cars on summer weekends, collectors with a 12-cylinder grand tourer kept for concours events and tours, owners of modern V8 cars that come out only on dry days, and collections where several Ferraris share a climate-controlled garage. Each needs a value that keeps up with the market and a policy that matches how the car is used.

This guide covers what’s specific to insuring a classic or collector Ferrari. For how collector insurance works in general, start with our classic and collector car insurance guide, and for exotics more broadly, see exotic and high-value collector car insurance. We shop collector car coverage with carriers including Hagerty, J.C. Taylor, Liberty Mutual, Cincinnati and American Modern, and we’ll confirm eligibility for your vehicle before you rely on a policy.

Which Ferraris are treated as collector cars?

Vintage front-engine V12 cars

The classic 250, 275, 330 and 365 series cars and the Daytona are among the most valuable cars in the world. Insuring them takes careful valuation, documented provenance and storage that matches the car’s value.

Dino, 308 and 328

The Dino 206 and 246 and the 308 and 328 GTB and GTS brought Ferrari ownership to many more collectors. Original, well-documented examples have climbed steadily in value and are commonly insured as collector cars.

Testarossa, 348 and F355

The 1980s and 1990s cars, including the Testarossa and its successors, the 348 and the F355, are now firmly collectible. A manual F355 in particular has a strong following.

Limited series and modern cars

Limited-production cars such as the 288 GTO, F40, F50, Enzo and LaFerrari sit at the top of the market. More recent V8 and V12 models, from the 360 and F430 to the 458 and later, are often still used cars, though manual-gearbox and special-series examples are collected. A modern Ferrari driven regularly usually fits a high-value auto policy.

What drives a collector Ferrari’s value

• Service history. Complete, documented maintenance is essential. On models with timing belts, buyers expect regular belt service records.
• Classiche certification. Ferrari Classiche certification for older cars confirms that major components are original or correct to factory specification.
• Originality. Matching-numbers engines and gearboxes, original paint and interior, and correct details.
• Specification. Manual gearboxes, rare colors and options, and special series.
• Books, tools and accessories. Original owner manuals, service books, tool kits, fitted luggage and even the original window sticker add value.
• Mileage and ownership history. Low mileage helps, but a well-maintained, regularly exercised car is often preferred over one that has sat for years.

Because Ferrari values move quickly, review the agreed value at every renewal and after any major market shift, restoration or significant service. Our guide to agreed value car insurance explains how values are set and kept current.

Buying a collector Ferrari

Ferrari purchases move fast, and the homework protects your insurance value as much as your investment. Arrange a pre-purchase inspection by a Ferrari specialist, compare the chassis and engine numbers with the paperwork, and ask for the full service history, ownership history and any accident or repair records. For older cars, ask whether the car has Classiche certification or whether the seller has started the process. If the car is coming from another state or another country, ask how it will be transported and who covers it along the way. Call us before closing so the car is insured from the day you own it.

Transport, shows and concours events

Many Ferraris travel by enclosed transport to service, tours and concours events. Ask the transporter for proof of their cargo coverage, and ask us how your policy treats the car while it’s being loaded, transported and displayed. If you trailer the car yourself, see car shows and trailering.

Track days and Ferrari Challenge

Ferrari owners get more invitations to drive on track than most collectors, from club events to factory programs. Collector and standard auto policies commonly exclude track days, timed events and racing, including events at circuits such as Lime Rock Park in Connecticut. Call us before you go so we can look at separate track coverage for the event.

Storage, security and the New England climate

A collector Ferrari needs secure storage: a locked, enclosed garage at minimum, and for higher-value cars, monitored alarms, fire protection and climate control. Many New England owners lay their cars up from November to April. Humidity and long periods of sitting are hard on seals, fuel systems and interior materials, so a battery tender, fuel stabilizer and periodic exercise matter. See collector car storage and winter lay-up and our nor’easter prep checklist if your garage is near the coast.

Collections and the rest of your insurance

Ferrari owners often have several collector cars, multiple homes and significant liability exposure. We coordinate collector coverage for each car, home coverage for the garages that store them and an umbrella policy over everything. If you have a larger collection or several properties, see high net worth insurance.

If you have a claim

Ask whether you can choose your repair facility, such as a Ferrari specialist or authorized service center, and how parts sourcing is handled. Original parts for older cars can be scarce and take time to find. Always use enclosed or flatbed transport after a loss. If the car is a covered total loss, a collector policy with agreed value pays the agreed amount, less any deductible.

Why work with an independent agency

Specialty insurers look at a Ferrari differently, and their rules on use, storage, modifications and value change over time. An independent agency can compare them side by side and coordinate the collector policy with your daily-driver auto insurance, your home insurance and your umbrella policy, so liability limits line up and nothing falls through the gaps.

Portsmouth Atlantic Insurance is a family-owned independent agency founded in 2005. Our 15 employees work from our Portsmouth, NH office and a Connecticut office, we are licensed in 10 states, and we work with 40+ carriers. We are New Hampshire’s highest-rated agency on Google, with 1,000+ Google reviews and over 2,000 testimonials, and we don’t charge any fees.

We work with collectors from our Portsmouth office across New Hampshire, Maine and Connecticut, and in our other licensed states. See our state guides for New Hampshire, Connecticut and Maine.

Frequently asked questions

Should I insure my Ferrari on a collector policy or a regular auto policy?

It depends on how you use it. A Ferrari driven sparingly, stored securely and backed by a separate daily driver may fit a collector policy with agreed value. A newer Ferrari driven often usually fits a high-value auto policy. We’ll compare both and confirm eligibility for your vehicle.

Does Ferrari Classiche certification affect insurance?

It helps document the car. Ferrari Classiche certification confirms that a car’s major components are original or correct to factory specification, and that documentation supports the agreed value you and the insurer set.

Are service records important for insuring a Ferrari?

Very. Ferrari values depend heavily on documented maintenance, including major services such as belt service on models that use timing belts. Missing records can lower a car’s value, and complete records support a higher agreed value.

Am I covered while my Ferrari is being shipped or transported?

It depends on the policy and the transporter. Many owners use enclosed transport for events and service. Ask the transporter for proof of their cargo coverage, and ask us how your policy treats the car while it’s being loaded, carried and unloaded.

Does a collector policy cover Ferrari Challenge or track days?

Usually not. Collector and standard auto policies commonly exclude track days, timed events and racing. If you plan to take your Ferrari on track, call us before the event so we can look at separate track coverage.

What our clients say

From our client surveys. Comments are lightly edited for typos only.

“

Jon is super helpful and amazingly communicative. He responds fast with well thought out answers making the process of getting insurance for my home and car super simple.

“

Very informative, responsive, and helpful with answering any questions we had. Helped us get the best deal and coverage, explained the differences between coverage options, and let us choose what worked best for us. Highly recommend!

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Excellent guidance on insurance options and fantastic quoting and onboarding experience. We trust their recommendations and feel that we have best coverage for peace of mind at best possible cost.

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