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Ferrari is a well-known name in the world of sports and racing cars. The company is also known for its range of luxury cars. Ferrari is an Italian luxury sports car maker founded by Enzo Ferrari. The brand has been rated as one of the most powerful ones in the market in a study. The 250 GTO sold for $70 million in 2018, making it the most expensive car ever in history. In India, Ferrari at present has dealers in Delhi and Mumbai and is in the process of expanding its dealer network.
The top car models offered by Ferrari in India are:
The Ferrari 488 Spider is a luxury coupe with a 3.9 litre twin-turbo engine that allows the driver to race the car from 0 to 100 km/hr in the space of just three seconds. The car’s top speed is 325 km/hr. It offers a mileage of 11.4 kmpl. The car chassis uses 11 alloys of aluminium improving chassis performance. The petrol vehicle from Ferrari has alloy wheels and a ventilated disc brake. The car has luxurious interiors with features like hill assist, cruise control, leather upholstery, keyless entry, and climate control.
The Ferrari California is an automatic convertible with a 4.3 litre V8 engine. It has a seven speed dual clutch gearbox and has an AWD system. It goes from 0 to 100 km/hr in 3.6 seconds and has a maximum speed of 315 km/hr. The 3855 cc petrol engine delivers a mileage of 9.52 km/l. It has two doors, seating capacity of 2, and a 240 L boot space. Its top features include xenon lights, tractional control, ABS, hill assist, lumbar support, push start stop button, keyless entry, engine immobilizer, and automatic climate control.
The Ferrari 488 GTB has a wide front spoiler and even though it has been compared to the old 458 model, it has a number of new additions that make it a great car to own. It has the V8 turbo dry sump engine with 3902 cc. It has ventilated disc brakes and a suspension with stabilizer bar. The mileage is 8.77 km/l and the capacity of the fuel tank is 78 litres. 3 seconds is the time needed to race from 0 to 100 km/h, with the car being able to achieve top speeds of 330 km/hr.
The Ferrari GTC4 Lusso has a 6262 cc petrol engine. It has a seating capacity of 4. The boot space is 450 litres capacity. The fuel tank can hold up to 91 litres of petrol and the mileage is 4 km/l. It can accelerate from 0 to 100 km/hr in just 3 seconds. The car has safety features like an anti-lock braking system, brake assist, central locking, power door locks, 4 airbags with side airbags, anti-theft alarm, child safety locks, and traction control. The car comes with attractive features like Automatic climate control, air quality control, heated seats, keyless entry, leather steering wheel and seat, rain sensing wiper, and a sun roof.
Ferrari car insurance premium is calculated keeping in mind the car model, engine capacity, year of manufacture, and other such factors:
|Car Model||Variant||Ex-showroom Prices||IDV*||Zero depreciation (Add on)*||Premium (Basic)*|
|Ferrari 488 Spider||3902 cc Petrol||Rs.3,67,61,413||Rs.3,31,74,000||Rs.1,49,283||Rs.4,23,721|
|Ferrari 488 GTB||3902 cc Petrol||Rs.3,67,61,413||Rs.3,31,74,000||Rs.1,49,283||Rs.4,23,721|
|Ferrari California||3855 cc Petrol||Rs.3,12,66,150||Rs.2,97,02,843||Rs.1,78,217||Rs.3,30,838|
|Ferrari GTC 4 Lusso||6262 cc Petrol||Rs.4,20,00,000||Rs.4,94,00,000||Rs.2,96,400||Rs.5,34,113|
*Prices quoted at Delhi prices for 2020 basic model
A Ferrari car insurance policy would include the following in the scope of the insurance policy:
The following are excluded from the policy and claims made will not be entertained:
Make sure to avail of discounts when you get your insurance policy. The following discounts can be obtained for your Ferrari car insurance policy:
The following add-ons can be obtained with your Ferrari car insurance:
Yes, damages to your car will be covered if you have taken a comprehensive car insurance policy. Third party insurance will not cover damages to your car.
No, as per the terms of the Ferrari car insurance, using the car for purposes of racing is not covered by the policy.
Yes, you can submit claims even if you get your Ferrari repaired at a non-cashless garage. You need to submit your claim as per the procedure detailed by the insurer and you can usually get reimbursed within 72 hours of making the claim.
Compare prices offered by different insurers. Check the IDV (Insured declared value), the premium amount, and add-ons offered before deciding the insurer from whom to buy your Ferrari insurance policy.
Last updated on 12-03-2020