Top 9 Ways You Can Insure a Ferrari 575 M Maranello and Save Money

Shoppers have a choice when shopping for the lowest priced Ferrari 575 M Maranello insurance. They can either waste time calling around to get rate comparisons or use the internet to compare rates. There is a better way to shop for auto insurance and we’ll show you the proper way to price shop coverage on a Ferrari and find the best price possible from local insurance agents and online providers.

Don’t pay full price with these nine discounts

Auto insurance companies don’t necessarily list every discount in a way that’s easy to find, so we researched both the well known and also the lesser-known auto insurance savings.

• Good Student – A discount for being a good student can be rewarded with saving of up to 25%. The good student discount can last well after school through age 25.
• Passive Restraint Discount – Factory air bags and/or automatic seat belt systems may earn rate discounts of up to 25% or more.
• Seat Belts Save more than Lives – Using a seat belt and requiring all passengers to use a seat belt can save up to 15% off your PIP or medical payments premium.
• Student in College – Kids in college who are attending college and do not have access to a covered vehicle can receive lower rates.
• Driver Safety – Taking part in a driver safety course can save you 5% or more if your company offers it.
• Drivers Ed for Students – Require your teen driver to complete a driver education course in school.
• Claim Free – Drivers who don’t have accidents can save substantially when compared with bad drivers.
• Own a Home – Owning a home can help you save on auto insurance because maintaining a house is proof that your finances are in order.
• Low Mileage Discounts – Fewer annual miles on your Ferrari can qualify you for discounted rates on garaged vehicles.

As a disclaimer on discounts, most credits do not apply to the entire policy premium. A few only apply to specific coverage prices like collision or personal injury protection. So even though they make it sound like adding up those discounts means a free policy, companies wouldn’t make money that way.

To see a list of companies offering auto insurance discounts, click this link.

Auto insurance coverage considerations

Having a good grasp of your auto insurance policy can help you determine appropriate coverage and the correct deductibles and limits. The coverage terms in a policy can be confusing and nobody wants to actually read their policy.

Collision insurance

Collision insurance covers damage to your 575 M Maranello caused by collision with an object or car. A deductible applies and then insurance will cover the remainder.

Collision insurance covers claims like colliding with a tree, sideswiping another vehicle, crashing into a ditch and scraping a guard rail. Paying for collision coverage can be pricey, so consider dropping it from lower value vehicles. You can also increase the deductible to bring the cost down.

Liability insurance

This provides protection from injuries or damage you cause to a person or their property. It protects you against other people’s claims, and does not provide coverage for damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You might see liability limits of 25/50/25 that translate to a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property.

Liability can pay for claims such as loss of income, court costs, medical expenses, repair costs for stationary objects and pain and suffering. The amount of liability coverage you purchase is a decision to put some thought into, but buy higher limits if possible.

Insurance for medical payments

Med pay and PIP coverage provide coverage for expenses for things like doctor visits, hospital visits, funeral costs and EMT expenses. They can be used to fill the gap from your health insurance program or if you are not covered by health insurance. Medical payments and PIP cover not only the driver but also the vehicle occupants in addition to if you are hit as a while walking down the street. PIP is not an option in every state and may carry a deductible

Uninsured Motorist or Underinsured Motorist insurance

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other drivers when they either are underinsured or have no liability coverage at all. Covered losses include hospital bills for your injuries as well as your vehicle’s damage.

Since a lot of drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is a good idea.

Comprehensive coverage (or Other than Collision)

This coverage covers damage that is not covered by collision coverage. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims such as hitting a deer, hail damage and damage from getting keyed. The maximum payout your auto insurance company will pay is the cash value of the vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

One last thing about your coverage

Throughout this article, we presented a lot of information how to save on Ferrari 575 M Maranello insurance. The most important thing to understand is the more companies you get rates for, the higher the chance of saving money. Consumers could even find that the lowest premiums are with a smaller regional carrier.

Cheap Ferrari 575 M Maranello insurance can be bought from both online companies as well as from independent agents, and you need to comparison shop both in order to have the best chance of saving money. Some auto insurance companies don’t offer the ability to get a quote online and many times these small, regional companies only sell through independent insurance agents.

Drivers switch companies for a number of reasons such as unfair underwriting practices, extreme rates for teen drivers, delays in responding to claim requests or high prices. It doesn’t matter why you want to switch finding the right auto insurance provider is actually quite simple.