8 Ways You Can Insure a Ferrari F40 For Less in Las Vegas

Overpriced Ferrari F40 insurance can drain your bank account and make it impossible to make ends meet. Doing a price comparison is free, only takes a few minutes, and is a good way to tighten up your finances.

Since consumers have many different company options, it can be hard to choose the lowest cost insurance company.

How to Get Auto Insurance in Las Vegas

Shopping for lower auto insurance rates can be a lot of work if you aren’t aware of the best way to get rate quotes. You can waste a few hours (or days) discussing policy coverages with agents in Las Vegas, or you could save time and use online quotes to get rates in a matter of minutes.

Many popular insurance companies participate in a marketplace where prospective buyers only type in their quote data once, and each participating company then returns a price quote based on that data. This saves time by eliminating quotation requests for every auto insurance company.

To fill out one form to compare multiple rates now click here (opens in new window).

The only drawback to using this type of form is you cannot specify the insurers to get pricing from. So if you want to choose specific providers for rate comparison, we have assembled a list of companies who write auto insurance in Nevada. Click here for list of insurance companies in Nevada.

It’s your choice how you get your quotes, but ensure you are comparing identical deductibles and coverage limits for each price quote. If you are comparing different liability limits you can’t possibly find the best deal for your Ferrari F40 in Las Vegas. Having just a slight variation in coverages may result in large price differences. And when comparison shopping, quoting more will enable you to find the best offered rates.

Discounts are basically free money

Car insurance is not cheap, but you can get discounts that many people don’t even know exist. A few discounts will automatically apply when you purchase, but a few need to be manually applied in order for you to get them.

Discounts for Safe Drivers – Drivers who don’t get into accidents can get discounts for up to 45% lower rates for F40 coverage than drivers with accident claims.
Clubs and Organizations – Participating in a civic or occupational organization may earn a discount on your policy for F40 coverage.
Multi-car Discount – Buying coverage for more than one vehicle on one policy could earn a price break for each car.
Paperless Signup – Certain companies will discount your bill up to fifty bucks for buying a policy and signing up online.
Fewer Miles Equal More Savings – Keeping the miles down on your Ferrari can earn a substantially lower rate.
College Student – Youth drivers who live away from home and do not have a car can be insured at a reduced rate.
Sign Early and Save – Some companies give discounts for switching policies before your current expiration date. It can save you around 10%.
Passive Restraints and Air Bags – Factory air bags can receive discounts of 20% or more.

It’s important to note that most of the big mark downs will not be given to the entire policy premium. A few only apply to specific coverage prices like collision or personal injury protection. Just because you may think all the discounts add up to a free policy, companies don’t profit that way. Any qualifying discounts will reduce your overall premium however.

For a list of insurance companies who offer auto insurance discounts in Las Vegas, follow this link. Las Vegas auto insurance

Coverages available on your auto insurance policy

Understanding the coverages of your auto insurance policy aids in choosing which coverages you need and proper limits and deductibles. Auto insurance terms can be ambiguous and even agents have difficulty translating policy wording. Listed below are the normal coverages offered by auto insurance companies.

Collision – Collision coverage covers damage to your F40 resulting from colliding with an object or car. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims like crashing into a building, colliding with another moving vehicle and colliding with a tree. Paying for collision coverage can be pricey, so consider removing coverage from older vehicles. Another option is to increase the deductible to save money on collision insurance.

Uninsured/Underinsured Motorist coverage – Uninsured or Underinsured Motorist coverage gives you protection from other motorists when they either are underinsured or have no liability coverage at all. Covered claims include hospital bills for your injuries as well as your vehicle’s damage.

Due to the fact that many Nevada drivers only purchase the least amount of liability that is required (which is 15/30/10), it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is very important. Usually these coverages are identical to your policy’s liability coverage.

Liability insurance – This protects you from damage or injury you incur to other people or property in an accident. It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show liability limits of 50/100/50 which stand for $50,000 bodily injury coverage, $100,000 for the entire accident, and a total limit of $50,000 for damage to vehicles and property. Alternatively, you may have one limit called combined single limit (CSL) that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability coverage pays for claims like emergency aid, repair costs for stationary objects, court costs and repair bills for other people’s vehicles. The amount of liability coverage you purchase is up to you, but you should buy as much as you can afford. Nevada state law requires minimum liability limits of 15,000/30,000/10,000 but it’s recommended drivers buy higher limits.

Medical payments coverage and PIP – Coverage for medical payments and/or PIP pay for expenses for surgery, pain medications, hospital visits and ambulance fees. They are often used in conjunction with a health insurance program or if you do not have health coverage. Coverage applies to you and your occupants and will also cover getting struck while a pedestrian. Personal Injury Protection is not an option in every state and gives slightly broader coverage than med pay

Comprehensive coverage – This pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things like damage from getting keyed, damage from a tornado or hurricane, theft, vandalism and a broken windshield. The most a auto insurance company will pay at claim time is the market value of your vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

One last thing about your coverage

Affordable Ferrari F40 insurance can be purchased online and with local Las Vegas insurance agents, and you should compare price quotes from both in order to have the best chance of saving money. Some insurance companies do not offer the ability to get a quote online and these small insurance companies work with independent agents.

When shopping online for auto insurance, do not buy less coverage just to save a little money. There are many occasions where an insured dropped comprehensive coverage or liability limits and learned later that it was a big error on their part. Your focus should be to buy the best coverage you can find at the best price while still protecting your assets.

Additional reading for auto insurance information

Additional auto insurance information is available on the website for the Nevada Division of Insurance. Click here for link. Nevada drivers can learn about specific coverages, learn about insurance regulations, and read industry bulletins.