Top 10 Tips to Save on Ferrari 599 GTB Insurance

Shoppers have options when shopping for the lowest priced Ferrari 599 GTB insurance. You can either spend your time struggling with agents to get rate comparisons or leverage the internet to compare rates. There is a better way to buy auto insurance and we’ll show you the best way to price shop coverage on a Ferrari and get the lowest possible price from local insurance agents and online providers.

Fast and Easy Auto Insurance Quotes

All the larger auto insurance companies like State Farm, GEICO and Progressive provide pricing directly from their websites. The process doesn’t take a lot of time as you just enter the coverages you want as requested by the quote form. After you complete the form, their rating system obtains your credit score and driving record and returns a price quote based on these and other factors.

Being able to quote online simplifies rate comparisons, but the process of having to visit different websites and enter the same data into a form is monotonous and tiresome. But it’s absolutely necessary to do this if you are searching for better prices.

The preferred way to find cheaper rates uses one form to obtain quotes from many companies. It’s a real time-saver, requires less work, and makes rate comparisons much more enjoyable and efficient. After your information is entered, it is rated and you can select any or none of the quote results. If you find a better price you simply finish the application and purchase coverage. The entire process just takes a couple of minutes and you will know how your current rates stack up.

To find out if lower rates are available, click here to open in a new tab and submit your coverage information. To compare your current rates, we recommend you replicate your coverages identical to your current policy. Doing this assures you will get a rate comparison using the exact same coverages.

Take advantage of discounts

Companies that sell car insurance don’t necessarily list all available discounts in a way that’s easy to find, so we researched both the well known and the harder-to-find ways to save on auto insurance.

• Student Driver Training – Make teen driver coverage more affordable by requiring them to enroll in driver’s education if offered at their school.
• Payment Method – If paying your policy premium upfront instead of monthly or quarterly installments you can actually save on your bill.
• Government Employees – Active or retired federal employment can save as much as 8% on 599 GTB coverage with select insurance companies.
• Air Bag Discount – Vehicles with factory air bags or automatic seat belts can receive discounts of 20% or more.
• Life Insurance Discount – Larger companies have a break if you buy life insurance from them.
• Save with a New Car – Insuring a new car is cheaper compared to insuring an older model.
• Club Memberships – Affiliation with a civic or occupational organization may earn a discount when shopping for auto insurance on 599 GTB coverage.
• Accident Forgiveness – A few companies will allow you to have one accident before your rates go up as long as you don’t have any claims prior to the accident.
• Paperwork-free – Some insurance companies give back up to $50 for buying a policy and signing up online.
• Discount for Good Grades – Getting good grades can earn a discount of 20% or more. The discount lasts up to age 25.

Keep in mind that most discounts do not apply the the whole policy. Most only cut individual premiums such as collision or personal injury protection. So even though they make it sound like you would end up receiving a 100% discount, it doesn’t quite work that way.

To choose insurance companies who offer auto insurance discounts, click here.

Auto insurance coverages

Learning about specific coverages of your policy can help you determine which coverages you need at the best deductibles and correct limits. The terms used in a policy can be impossible to understand and even agents have difficulty translating policy wording.

Auto liability insurance – This provides protection from damage that occurs to other people or property. It protects YOU against other people’s claims, and doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You might see liability limits of 50/100/50 that means you have $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and a total limit of $50,000 for damage to vehicles and property.

Liability coverage pays for things like medical services, pain and suffering, bail bonds and court costs. How much liability coverage do you need? That is a decision to put some thought into, but buy as high a limit as you can afford.

Collision – This coverage pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You first must pay a deductible then your collision coverage will kick in.

Collision can pay for claims such as colliding with a tree, hitting a mailbox and driving through your garage door. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from lower value vehicles. It’s also possible to choose a higher deductible in order to get cheaper collision rates.

Medical payments and PIP coverage – Coverage for medical payments and/or PIP kick in for immediate expenses for pain medications, doctor visits and EMT expenses. The coverages can be used to fill the gap from your health insurance policy or if you do not have health coverage. Coverage applies to you and your occupants and also covers getting struck while a pedestrian. PIP coverage is not universally available but can be used in place of medical payments coverage

Comprehensive auto coverage – Comprehensive insurance coverage covers damage that is not covered by collision coverage. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things such as a broken windshield, hitting a deer, hitting a bird and hail damage. The maximum payout a auto insurance company will pay at claim time is the actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

UM/UIM (Uninsured/Underinsured Motorist) coverage – Your UM/UIM coverage protects you and your vehicle’s occupants from other motorists when they do not carry enough liability coverage. Covered losses include injuries sustained by your vehicle’s occupants as well as damage to your Ferrari 599 GTB.

Because many people only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is very important.