Compare Ferrari car insurance estimates from Australian providers. Whether you drive a 296 GTB, SF90, Roma, or Purosangue, find specialist cover for your exotic supercar - comprehensive, agreed value, or third party.
AAMI is one of Australia's most trusted insurance brands. While specialist providers like Shannons may be better suited for high-value Ferraris, AAMI's agreed value option and broad coverage make it worth comparing.
Ferrari is one of the most iconic supercar brands in the world, with a passionate and growing owner community in Australia. From the hybrid V6 296 GTB to the brand's first SUV - the V12 Purosangue - Ferraris represent some of the highest-value vehicles on Australian roads. Insuring a Ferrari requires specialist attention due to the extreme value, performance capabilities, and repair costs involved.
From an insurance perspective, Ferraris are among the most expensive vehicles to insure in Australia. Annual comprehensive premiums typically range from $5,000 to over $15,000. Not all mainstream insurers will cover exotic vehicles at these price points, so specialist or agreed-value policies from experienced providers are worth exploring. Shannons is particularly well known in the Australian market for covering prestige and exotic vehicles including Ferraris.
Specialist insurers, brokers, and underwriters - including Shannons, Chubb, and brokers like Steadfast - may offer more tailored Ferrari coverage than mainstream providers. Agreed-value policies are essential for exotic cars, as market value policies may not reflect the true replacement cost. See our full Australian car insurance comparison for more.
Estimated annual comprehensive insurance costs for popular Ferrari models in Australia. Based on a 35-year-old driver with a clean record in a Sydney suburb.
| Model | Type | Approx. Value (Used) | Est. Comprehensive/yr | Insurance Group | Notes |
|---|---|---|---|---|---|
| Ferrari 296 GTB | Supercar | $480,000-$580,000 | $8,500-$13,000 | Very High | Hybrid V6 supercar. Mid-engine layout with 830 combined horsepower. |
| Ferrari SF90 Stradale | Hypercar | $750,000-$1,000,000 | $13,000-$20,000 | Very High | Plug-in hybrid producing nearly 1,000 HP. Among the most expensive to insure in Australia. |
| Ferrari Roma | Grand Tourer | $400,000-$500,000 | $7,500-$11,000 | Very High | Elegant front-engine GT. The most 'accessible' new Ferrari for insurance purposes. |
| Ferrari Portofino M | Convertible GT | $400,000-$500,000 | $7,500-$11,000 | Very High | Retractable hardtop convertible. Popular choice for Australian touring. |
| Ferrari F8 Tributo | Supercar | $530,000-$680,000 | $9,500-$15,000 | Very High | Twin-turbo V8 mid-engine supercar. Outstanding track and road performance. |
| Ferrari 812 Superfast | Supercar | $580,000-$800,000 | $10,500-$16,000 | Very High | Front-engine naturally aspirated V12. Extreme power and correspondingly high insurance. |
| Ferrari Purosangue | SUV | $650,000-$850,000 | $11,000-$16,000 | Very High | Ferrari's first SUV with a V12 engine. Extremely high demand in Australia. |
| Ferrari 488 GTB (used) | Supercar | $380,000-$530,000 | $7,500-$12,000 | Very High | Previous-generation mid-engine V8. Strong used market in Australia. |
| Ferrari 458 Italia (used) | Supercar | $300,000-$430,000 | $6,500-$10,000 | Very High | Naturally aspirated V8 classic. Values have been appreciating in Australia. |
Disclaimer: All prices shown are indicative estimates based on publicly available data and typical driver profiles as of early 2026. Actual premiums vary based on your vehicle, location, driving history, and chosen cover level. These figures are not quotes. Always obtain a personalised quote from the insurer directly. We do our best to keep all data up to date and accurate. If you've noticed something incorrect, please let us know.
Choose the right level of protection based on your Ferrari's value and usage.
Covers damage you cause to other vehicles or property. Your Ferrari is not covered. Rarely chosen for vehicles of this value, but may suit Ferraris kept as non-road-registered display vehicles.
Adds fire and theft protection for your Ferrari. Provides some coverage for stored vehicles but leaves you exposed to accident damage, which can be catastrophically expensive.
Full protection for your Ferrari. Covers accident damage, theft, fire, storm, hail, vandalism, and third-party liability. Agreed-value policies are strongly worth considering to lock in your Ferrari's replacement cost.
Understanding these factors can help you find the best Ferrari insurance in Australia.
A Roma is less expensive to insure than an SF90 Stradale. Model, engine configuration, horsepower, and vehicle value all heavily influence exotic car premiums.
Some specialist insurers require drivers to be over 25 or even 30 for exotic car cover. Extensive driving experience and a spotless record are typically expected.
Urban areas carry higher premiums. Hail-prone areas like Sydney and Brisbane's western suburbs may attract additional loading. Proximity to authorised Ferrari repair facilities is also considered.
Most insurers require Ferraris to be stored in a locked, secure garage. GPS tracking, approved alarms, and CCTV can all help reduce premiums.
Agreed-value policies lock in the payout amount, preventing disputes over the car's worth if written off or stolen. This is a non-negotiable for Ferrari owners.
Limited-mileage policies may reduce premiums. Ferraris used only on weekends or for club events may qualify for lower rates than daily-driven vehicles.
Practical ways to manage your Ferrari insurance premium without sacrificing cover.
Agreed-value policies cost slightly more but ensure you receive the full agreed amount if your Ferrari is written off. This is worth considering for any exotic vehicle where market-value assessments may be unreliable.
Raising your excess from $2,000 to $5,000 can meaningfully reduce your premium. Only do this if you can comfortably cover the higher excess in the event of a claim.
Storing your Ferrari in a locked garage with security systems is typically a condition of cover. Meeting and exceeding storage requirements can positively influence your premium.
If your Ferrari is a weekend or event car, a limited-mileage policy may offer lower premiums. Declare your expected annual kilometres accurately.
Club membership may provide access to group insurance schemes or specialist brokers familiar with Ferrari valuations and cover requirements in the Australian market.
Key facts about Ferrari vehicle security and safety considerations in Australia.
Ferraris are high-value theft targets, though their rarity in Australia means they are difficult to sell or strip for parts domestically. Modern Ferraris include advanced factory security systems with GPS tracking options. The National Motor Vehicle Theft Reduction Council monitors vehicle theft trends across Australia.
Ferraris feature advanced safety technology including carbon-ceramic brakes, sophisticated traction control, and electronic stability systems. However, their extreme performance capabilities mean driver skill is a significant factor. Some insurers may require evidence of advanced driving training.
Common questions about insuring your Ferrari in Australia.
Disclaimer: The information on this page is for general informational purposes only and does not constitute financial advice. While we strive for accuracy, insurance products, pricing, and terms change regularly. Always verify details directly with the insurer before making any decisions. If you need personalised advice, consider consulting a licensed financial adviser. For more information, visit MoneySmart (ASIC). Disputes can be referred to AFCA.
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