Car Insurance for Ferrari Roma: Premium, Coverage and Plans for 2026

As of 2026, under current IRDAI norms.

What Is Ferrari Roma Car Insurance?

Ferrari Roma car insurance is a specialised motor insurance policy that covers financial losses from accidents, theft, natural calamities, and third-party liabilities involving your Ferrari Roma Grand Tourer. Under the Motor Vehicles Act, 1988, every vehicle on Indian roads must carry at least a valid third-party policy. For a car priced at Rs 3.76-4.29 crore, an agreed value comprehensive policy is the only practical option.

Here is what makes insuring a Ferrari Roma different from regular cars:

• Agreed value policy is essential, Standard IDV depreciation tables cannot accurately reflect the value of a Rs 4 crore exotic car. An agreed value policy ensures you receive the full pre-agreed amount during total loss or theft.
• 620 hp V8 Twin-Turbo engine, The 3855cc engine falls in the above 1500cc TP premium slab at approximately Rs 7,890/yr. But the OD premium is where the real cost lies, twin-turbo V8 repairs and imported Italian parts drive it up significantly.
• Import parts with 100-150% customs duty, Every Ferrari part ships from Maranello, Italy. A Roma headlamp assembly costs Rs 3-5 lakh. A front bumper runs Rs 5-8 lakh. Customs duty doubles or triples the European price.
• Only 3 authorized Ferrari service centres, Ferrari operates in Mumbai, Delhi, and Bangalore. All insurance claims must go through these centres with certified technicians and genuine parts.
• Ceramic brakes cost Rs 6-10 lakh per set, The Roma's optional carbon-ceramic brake system is one of the most expensive wear items. Accidental damage to ceramic discs requires full replacement, they cannot be resurfaced like steel brakes.
• Prancing Horse badge attracts attention, The iconic Ferrari badge makes the Roma a theft and vandalism target. Your agreed value policy is the financial shield against both scenarios.

Why Ferrari Roma Insurance Is Essential

The Roma is designed to be driven daily, Ferrari positions it as a Grand Tourer, not a track-only weapon. But daily driving on Indian roads exposes a Rs 4 crore car to risks that demand strong insurance protection:

• Repair costs are in lakhs, not thousands, A Roma front bumper replacement costs Rs 5-8 lakh. A side mirror assembly runs Rs 1-2 lakh. A windscreen replacement costs Rs 2-4 lakh. Even a minor parking scrape can generate a Rs 50,000+ bill.
• Indian road hazards damage low-slung GTs, The Roma's ground clearance is just 120mm. Speed breakers, potholes, and uneven road surfaces can damage the underbody, front splitter, and exhaust system. Urban Indian roads are particularly hostile to low GTs.
• Monsoon season threatens engine and electronics, Mumbai and Delhi both face severe monsoon flooding. A Roma caught in standing water risks engine hydrolock and electrical system damage. Comprehensive cover with engine protection is essential.
• Theft and vandalism risk is elevated, A Ferrari parked in a mall, hotel, or even gated community attracts unwanted attention. Key theft, badge theft, and opportunistic vandalism are real risks that comprehensive cover addresses.
• Third-party liability for a 620 hp GT, The Roma does 0-100 km/h in 3.4 seconds. An accident at speed can cause devastating third-party damage. consumer redressal body-ordered compensation can exceed Rs 50 lakh. TP cover is your legal protection.
• Ferrari 7-year maintenance program does not cover accidents, Ferrari offers genuine maintenance services for 7 years, but this covers only scheduled servicing. Accidental damage, theft, and natural disasters are covered only by insurance.
• Depreciation destroys claim value without zero dep, On a Rs 5 lakh bumper claim, standard depreciation deducts Rs 1.5-2.5 lakh. For a car with 100% imported parts, zero depreciation add-on is the difference between a full payout and a painful shortfall.

Coverage Options for Your Ferrari Roma

When choosing car insurance for Ferrari Roma, here is a detailed comparison of what each plan covers:

Roma-specific note: The 3855cc V8 Twin-Turbo falls in the above 1500cc TP slab. Since the Roma is designed for daily driving, comprehensive coverage is absolutely critical. A single fender bender on a Mumbai road can cost more than 2 years of TP-only premium. Agreed value comprehensive with zero depreciation, engine protection, and roadside assistance is the only sensible configuration for a car in this class.

How to Buy Ferrari Roma Insurance Online

Buying car insurance for Ferrari Roma online is quick and straightforward. Follow these steps at hizuno.com:

1. Enter your vehicle details, Visit hizuno.com/car-insurance and enter your Ferrari Roma's registration number. The system identifies your 3855cc V8 Twin-Turbo Grand Tourer variant and RTO location.
2. Select agreed value comprehensive plan, For a vehicle valued at Rs 3.76-4.29 crore, choose the agreed value policy. Review the insured value, deductibles, and Ferrari-specific coverage details.
3. Add essential covers, Select zero depreciation (critical for imported aluminium body panels), engine and gearbox protection (V8 Twin-Turbo + 8-speed DCT), return-to-invoice cover, roadside assistance with flatbed towing, and consumables cover.
4. Review and confirm details, Verify your Roma's agreed value, selected add-ons, Ferrari-authorized service centres (Mumbai, Delhi, Bangalore) in the cashless network, and final premium amount.
5. Pay and receive instant policy, Complete payment via net banking or card. Your Ferrari Roma insurance policy is generated instantly and emailed for immediate download.

Key Factors That Affect Your Roma Premium

Several variables shape your Ferrari Roma insurance premium. Understanding each helps you make informed decisions:

• Agreed value amount, The agreed value (typically Rs 3.5-4.3 crore) is the primary premium driver. A higher agreed value means higher OD premium but ensures full compensation during total loss or theft claims.
• Import duty on replacement parts, Every Roma component ships from Italy with 100-150% customs duty. This inflates repair costs and directly increases the OD premium. A Roma door panel that costs Rs 2 lakh in Europe costs Rs 4-5 lakh in India after duty.
• Registration city, Mumbai and Delhi registrations attract higher premiums due to traffic density and accident frequency. However, these cities house Ferrari service centres, simplifying claim logistics.
• NCB history, A clean claim-free record earns up to 50% off the OD premium. On a Roma's OD of Rs 1.5-3 lakh, this saves Rs 75,000 to Rs 1.5 lakh annually, a meaningful amount.
• Vehicle age and market appreciation, Limited-edition Ferraris often appreciate in India. Your agreed value should reflect current market replacement cost, not the original purchase price, especially if the Roma has appreciated.
• Driver profile and usage pattern, Daily driving increases exposure compared to weekend-only use. Insurers may assess usage patterns for high-value vehicles. Be transparent about how frequently you drive the Roma.

Ferrari Roma Insurance Cost Breakdown (2026 Estimates)

Below is an estimated breakdown of Ferrari Roma insurance costs. Actual premiums vary by agreed value, NCB, city, and add-ons selected.

Note: Premiums shown are estimates for illustration. Actual rates depend on agreed value, insurer assessment, city, driver profile, and policy terms. Figures for FY 2025-26.

• The OD component dominates the premium, At Rs 1.5-3 lakh, the OD reflects the extreme cost of Italian parts and specialist labour at Ferrari-authorized centres
• Zero depreciation pays for itself in one claim, A single Rs 5 lakh bumper claim without zero dep loses Rs 1.5-2.5 lakh to depreciation deduction. The add-on costs just Rs 20,000-40,000/yr.
• NCB saves Rs 75,000 to Rs 1.5 lakh annually, Protect your claim-free record. Pay for minor scratches out of pocket. The NCB savings on a Roma are massive.
• Get an exact quote at hizuno.com/car-insurance, Premiums vary based on your specific agreed value, city, and coverage choices

Common Mistakes Ferrari Roma Owners Make with Insurance

Avoid these costly mistakes when insuring your Ferrari Roma:

• Allowing repairs at non-Ferrari centres, Only Ferrari-authorized centres in Mumbai, Delhi, and Bangalore have certified technicians and genuine Maranello parts. Unauthorized repairs void your Ferrari warranty and can cause claim disputes.
• Skipping zero depreciation on a 100% imported car, Every Roma part is imported with 100-150% duty. Depreciation deductions on already expensive parts create enormous out-of-pocket expenses. Zero dep is non-negotiable for any Ferrari.
• Underestimating daily-driving wear exposure, The Roma is designed for daily use, but Indian urban roads with speed breakers, potholes, and construction debris damage the underbody and suspension. Ensure your policy covers underbody damage without exclusions.
• Not declaring modifications, Aftermarket exhaust, suspension changes, or performance tuning must be declared. Undisclosed modifications can void your entire policy, not just the modified component.
• Letting the policy lapse, A gap in coverage costs you the entire NCB, worth Rs 75,000 to Rs 1.5 lakh on a Roma. Set a renewal reminder 30 days before expiry.

Tips to Optimise Your Ferrari Roma Insurance

Smart decisions can help you maximise coverage while keeping costs in check:

• Protect your NCB aggressively, A 50% NCB on a Roma saves Rs 75,000 to Rs 1.5 lakh per year on the OD premium. Pay for scratches and minor dents (under Rs 30,000-50,000) out of pocket to preserve this discount.
• Bundle all essential add-ons at inception, Zero depreciation, engine protection, RSA, RTI, and consumables cost Rs 40,000-85,000 combined but protect against repair bills exceeding Rs 10-20 lakh per incident.
• Store the car in a dedicated garage, A secured garage with CCTV and climate control reduces theft and environmental damage risk. Some insurers offer 3-5% discount for verified secure storage of exotic vehicles.
• Buy online at hizuno.com, Online purchases eliminate agent commissions. On a premium of Rs 2-3.5 lakh, even a small percentage saving is meaningful.
• Review your agreed value at every renewal, Ferraris in India can hold or increase value due to limited supply. Ensure your agreed value reflects the current replacement cost, not last year's figure.
• Use Comfort mode on Indian roads, The Manettino dial's Comfort mode keeps all stability systems active, reducing accident probability. Save Sport and Race for controlled environments. A lower risk profile helps at renewal time.

The Entry Ferrari: Daily Driving Insurance Guide

The Ferrari Roma occupies a unique position in the Ferrari lineup. It is the most accessible, daily-drivable Ferrari currently sold in India. And this creates insurance considerations that differ from mid-engine supercars like the F8 Tributo or 296 GTB.

GT vs Supercar: How Usage Affects Insurance

Ferrari 7-Year Maintenance Program and Insurance

Ferrari offers a 7-year maintenance program that covers all scheduled servicing (oil changes, brake fluid, filters, inspections) at no additional cost. Here is how this interacts with your insurance:

• Maintenance program covers wear and tear only, Brake pad replacement, oil changes, and scheduled inspections are covered by Ferrari. But accidental damage to brakes, engine, or body is insurance territory.
• Ceramic brake replacement is NOT covered by maintenance, If your Roma has the optional carbon-ceramic brakes (Rs 6-10 lakh per set), accidental damage to the discs or calipers requires insurance, not the maintenance program.
• Warranty + insurance = complete protection, The standard Ferrari warranty covers manufacturing defects. Insurance covers accidents, theft, and natural disasters. Together, they protect every scenario for the first few years.

Prancing Horse Badge: Theft and Vandalism Risk

The Ferrari badge is one of the most recognisable symbols in the world. In India, this creates specific risks:

• Badge theft at parking lots, The Prancing Horse badge on the bonnet is a target for souvenir thieves. Replacement costs Rs 15,000-30,000 and is covered under comprehensive insurance.
• Vandalism from curiosity or jealousy, Exotic cars attract crowds. Scratches from onlookers leaning against the car, children touching the paint, or deliberate keying are real risks in public spaces.
• Valet parking incidents, Handing your Roma keys to a valet introduces risk. Any damage during valet service is covered under your comprehensive policy, but document the car's condition before and after.

Extended Warranty vs Insurance for the Ferrari Roma (2026)

A manufacturer warranty on the Ferrari Roma covers manufacturing defects for a fixed period and kilometre limit. An extended warranty prolongs that same defect cover. It is sold by the manufacturer or the dealer, not by an insurer, and it does not replace motor insurance.

The two protect against different things and do not overlap:

• An extended warranty pays when a covered part fails on its own, such as a gearbox, ECU or electrical component that stops working with no external cause.
• Motor insurance pays for accident damage, theft, fire, flood and third-party liability. A warranty covers none of these.
• Third-party cover stays compulsory under the Motor Vehicles Act 1988 for as long as the Ferrari Roma is on the road, whether or not it is still under warranty.
• Both exclude wear and tear. Consumables, tyres, brake pads and routine service sit outside a warranty and outside an own-damage claim. On the insurance side a consumables add-on is what covers those items.

The exact term and kilometre limit differ by variant and by year of manufacture, so check the warranty booklet in your Ferrari Roma document pack rather than relying on a general figure.

Frequently Asked Questions