How to Grab the Best Price When Insuring Your Ferrari 348 GTS

Tired of not being able to afford to insure your Ferrari every month? Your situation is no different than the majority of other car owners.

With so many online and local companies to choose from, it’s nearly impossible to find the lowest cost provider.

You should make it a habit to price shop coverage before your policy renews since insurance rates trend upward over time. Despite the fact that you may have had the best price for 348 GTS coverage a couple years back you will most likely find a better rate today. There is a lot of bad advice regarding auto insurance on the web, but by reading this article, you’re going to learn some solid techniques on how to save money.

Buying cheaper auto insurance is easy if you know what you’re doing. Basically, every driver who shops for auto insurance will be able to find better rates. But vehicle owners should learn how big insurance companies price insurance differently and take advantage of how the system works.

How to Compare Auto Insurance Quotes

Most companies such as Progressive, Allstate and GEICO give prices for coverage directly from their websites. Getting online rates doesn’t take much effort as you simply type in your coverage information into a form. After you submit the form their system sends out for your credit score and driving record and provides a quote based on these factors. Quoting online streamlines rate comparisons, but having to visit several different sites and enter the same data into a form is monotonous and tiresome. But it is imperative to do this if you want to find the lowest auto insurance rates.

The easy way to compare rates

The preferred way to lower your rates is to use a quote form to obtain quotes from more than one company. It saves time, helps eliminate reptitive entry, and makes price shopping online a lot less work. As soon as you send your information, your coverage is rated and you can select any or none of the quotes returned.

If one or more price quotes are lower than your current rates, you simply finish the application and purchase the new policy. The entire process just takes a couple of minutes and could lower your rates considerably.

In order to compare rates now, simply click here to open in new window and enter your vehicle and coverage information. If you have your current policy handy, we recommend you replicate your coverages identical to your current policy. This guarantees you will receive rate comparison quotes for exact coverage.

Ferrari 348 GTS rate determination is complex

An important part of buying insurance is that you know the factors that come into play when calculating the rates you pay for auto insurance. Understanding what determines base rates enables informed choices that can help you get lower auto insurance prices.

• Do you know you’re credit rating? – Having a bad credit rating is a huge factor in your rate calculation. Drivers with high credit ratings tend to file fewer claims and have better driving records as compared to drivers with lower credit ratings. Therefore, if your credit can use some improvement, you could save money insuring your Ferrari 348 GTS by improving your rating.
• Women pay lower rates – Statistics have proven that men are more aggressive behind the wheel. However, don’t assume that women are better drivers. They both are in accidents in similar numbers, but the males cause more damage and cost insurance companies more money. They also get cited for more serious violations such as reckless driving.
• Traffic violations increase rates – Only having one moving violation can boost insurance rates twenty percent or more. Careful drivers have lower premiums than people who have multiple driving citations. Drivers with severe tickets like reckless driving, hit and run or driving under the influence are required to file a SR-22 with the DMV in their state in order to drive a vehicle legally.
• What type of vehicle do you drive? – The performance of the vehicle you are buying insurance for makes a big difference in determining your rates. Because the Ferrari 348 GTS falls in the luxury sports car class, insurance will be up to twice as much compared to average rates. Small economy passenger vehicles generally receive the lowest base rates, but the cost you end up paying is determined by many additional factors.
• With age comes lower rates – Older insureds are more cautious drivers, tend to file fewer claims and get fewer tickets. Young drivers tend to get distracted easily when behind the wheel and because of this, their auto insurance rates are much higher.

Lots of discounts mean lots of savings

Car insurance can cost a lot, but there are discounts available that you may not even be aware of. Certain discounts will be applied when you purchase, but some must be inquired about before you get the savings.

• Government Employees – Simply working for the federal government may qualify you for a discount for 348 GTS coverage with a few auto insurance companies.
• Safe Driver Discount – Insureds without accidents can pay as much as 50% less for 348 GTS coverage than less cautious drivers.
• Own a Home – Simply owning a home may trigger a auto insurance policy discount because owning a home requires personal responsibility.
• Accident Free – Drivers who don’t have accidents can save substantially compared to drivers who are more careless.
• Clubs and Organizations – Participating in certain professional organizations could qualify you for a break when buying auto insurance for 348 GTS coverage.
• Multiple Vehicles – Insuring multiple vehicles with the same company can get a discount on all vehicles.
• Drive Less and Save – Fewer annual miles on your Ferrari could qualify for discounted rates on garaged vehicles.
• Discount for Good Grades – A discount for being a good student can earn a discount of 20% or more. Earning this discount can benefit you up until you turn 25.

It’s important to understand that most discount credits are not given to the entire cost. Most cut specific coverage prices like collision or personal injury protection. So even though it sounds like all the discounts add up to a free policy, you’re out of luck. But all discounts will help reduce the amount you have to pay.

For a list of providers with discount auto insurance rates, click this link.

Best coverage at the best price

In this article, we covered some good ideas how to lower your Ferrari 348 GTS insurance rates. It’s most important to understand that the more times you quote, the better your chances of lowering your rates. You may even find the biggest savings come from a company that doesn’t do a lot of advertising. Some small companies may often insure only within specific states and give getter rates than their larger competitors like State Farm, GEICO and Nationwide.

Affordable Ferrari 348 GTS insurance can be sourced online and with local insurance agents, so you should compare both to get a complete price analysis. Some auto insurance companies do not offer online quoting and these small, regional companies work with independent agents.

When shopping online for auto insurance, it’s not a good idea to buy poor coverage just to save money. There have been many situations where an insured cut uninsured motorist or liability limits and discovered at claim time that saving that couple of dollars actually costed them tens of thousands. The ultimate goal is to purchase a proper amount of coverage at an affordable rate.