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Factors Influencing Ferrari Insurance Costs

The cost of insuring a Ferrari can vary significantly based on several factors. The model and year of the car play a crucial role, as newer or rarer models may command higher premiums due to the cost of parts and repairs. The owner's driving history is another critical factor; a clean record can lead to substantial savings. Location also impacts rates, with urban areas typically incurring higher costs due to increased risk of accidents and theft. Lastly, the level of coverage chosen, from basic liability to comprehensive, affects the overall cost.