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Ferrari GTC4 Lusso Car Insurance Rates

By David Krug 6 minute read

The cost of 2017 Ferrari GTC4 Lusso car insurance is $16,752 for the whole year. Age, gender, location, and driving record all play a role in how much you pay. The GTC4 Lusso, a sleek sportswagon from Ferrari, is now for sale in the United States. There is, however, a price to pay for the Italian car’s fame. If you want to insure a fast coupe, you’ll pay more because it’s more difficult than a sedan or a minivan to do so. The cost of 2017 Ferrari GTC4 Lusso car insurance is $16,752 for the whole year. Age, gender, location, and driving record all play a role in how much you pay.

How to compare Ferrari GTC4 car insurance rates?

Ferrari GTC4 Lusso Car Insurance Rates - Ferrari GTC4 Lusso Car Insurance Logo

Consider these things when you’re looking for a cover to protect your Ferrari from the sun.

  • Price. A high-priced luxury car is also a high-priced one to insure. Compare prices from different service providers to get the best deal possible. Get an idea of how much insurance you’ll need, then look for prices based on that figure.
  • The different types of cover. A Ferrari GTC4 Lusso might make you want more liability insurance than the state requires, so you might want to buy more. If you get into an accident, your insurance should pay for the damage to your car and other things. Many traditional insurance companies have caps on liability coverage that range from $300,000 to $500,000 for most people. If you drive a high-end car, you might want to think about getting insurance that covers more.
  • Extras. Ask your insurance company for a list of possible add-ons, like accident forgiveness and disappearing deductibles, if you want to make your policy more complete. If you buy a high-end car, you may be able to get extra benefits like carjacking protection or gap protection on your insurance policy.
  • Restrictions. Because luxury car insurance companies have more strict rules about who can drive, your teen may not be covered by your insurance. It may not be possible to register the car as an LLC or company, and some service providers may not let you take your Ferrari outside the country. As soon as you can, learn about the limitations so that you don’t have future claims turned down.
  • There are special deals for manufacturers. There aren’t any specific programs for Ferrari, but there is one for the Ferrari Club of America that you can sign up for (FCA). There may be Ferrari stores all over the United States that will give you discounts on parts and labor if you are a member. Car insurance companies like Hagerty Insurance also work with the FCA. Members get 5% off in all states except California, Massachusetts, and Tennessee. You may be able to save money if you cut back on how much you drink.

Why is insurance so expensive for the Ferrari GTC4 Lusso?

The Ferrari GTC4 Lusso is more expensive to insure because it is very good and can go very fast (from 0 to 100 in 3.4 seconds). This high-performance luxury sports car needs expensive Italian parts to be replaced, which adds to the price.

What factors affect car insurance for the Ferrari GTC4 Lusso?

Insurance companies use complicated algorithms to look at things like your driving record, where you live, what kind of car you have, and how often you use it.

  • Body type. Most people think of it as a two-door station wagon coupe that has a third door for comfort and ease. Even though these two-door hatchback models can fit four people, they have higher insurance rates than bigger cars because smaller cars are more likely to be damaged in a crash.
  • Fuel. Choose the fuel The 6.3L, V12 engine in the car, which runs on premium gas, could make the price go up.
  • The make and model of the car. Grand tourers are cars that can go fast and far. The Ferrari GTC4 Lusso is one of these cars. It’s very risky to insure a car with these specifications.
  • Theft. Ferraris are notoriously hard to steal, but just in case, high-end car insurers will include carjacking coverage in their premiums.
  • Repairs. The cost of replacing or repairing the interior or body damage is high, which means the insurance policy costs more. To help cover maintenance costs for Ferraris on the other hand, there is a good warranty plan in place.
  • The things that keep you safe. Advanced safety systems, like anti-lock brakes, stability and traction controls, pretensioners, and ignition disable, are all part of the car’s safety package. They all come with the car. People who take these safety precautions are less likely to get hurt in an accident, which also lowers the cost of insurance.

Driver factors that affect insurance rates

Providers look at your age, gender, and marital status when they figure out how much you pay for insurance. They will also look at your driving record, which includes any violations, accidents, or lawsuits you’ve had while you were behind the wheel. If your driving record hasn’t been tarnished in the last three to five years, you’re likely to get a better rate.

The insurance company also takes into account your credit history and list of designated drivers when it comes to paying for your car. The Ferrari GTC4 Lusso gets a lot of attention because of its status and price. Most people don’t know how to do something.

Does the Ferrari GTC4 Lusso qualify for discounts?

Yes. These discounts may be applied to your policy by your provider, which could cut your insurance costs by 30%.

  • New car discount
  • Antitheft discount
  • Safety device discount

Reliability and safety ratings for the Ferrari GTC4 Lusso

Insurers’ Institute for Highway Safety has not done crash tests on the Ferrari GTC4 Lusso. The National Highway Traffic Safety Administration and the Insurance Institute for Highway Safety have not (IIHS). Even though it has been reviewed a lot, US News and JD Power haven’t yet given it a rating. This is standard for high-end cars of this kind.

Until now, the NHTSA hasn’t heard about any problems with cars or recalls from people.
There are anti-lock brakes, stability control, traction control, front and side impact airbags with pretensioners, LED brake lights for daytime running, low tire pressure warning, and parking assist, as well as daytime running lights and LED brakes. A theft deterrent alert and an ignition lock make it almost impossible to steal or run away with the car. It has four different driving modes: snow, wet, comfort, and sport, and a button lets you switch between them. You might be able to cut down on your insurance costs by buying more safety measures.

People who drive the GTC4 Lusso use a lot of gas because it has a powerful V12 engine. Based on current gasoline prices and a combination of highway and city driving, Fuel Economy estimates the average annual fuel cost at $3,950. When you buy a new car, the cost of filling up the 24-gallon tank will be $12,000 more than when you buy a used car.

What you didn’t know about the award-winning Ferrari GTC4 Lusso

Luxurious is the Italian word for this Ferrari’s name, and it is. It is a very nice car. It won the Most Beautiful Supercar of the Year award at the 2017 Festival Automobile International because of its attention to every little thing.

During the 1960s, Ford almost paid $10 million for Ferrari. At the time, that was a huge amount of money. He turned down Ford’s offer when it became clear that they wanted him to give up running the Ferrari racing team. That’s why.

Bottom line

The Ferrari GTC4 Lusso is a big risk for insurance companies. Aston Martin is a high-priced, fast car that appeals to a certain type of car fan. Most insurance companies are happy to provide coverage, but they protect their own interests by charging more money and putting more restrictions on young drivers and people with bad driving records on their plans.

To make up for the cost of insurance, Ferrari has a more comprehensive warranty and maintenance program than other high-end car companies.

David Krug