Oh no! That’s awful! I’m so sorry that happened! Unfortunately, with such a high-end vehicle, the cost of replacing the bumper will be quite high. For parts, labor, and paint, you could easily be looking at anywhere between $9,000 and $15,000 to replace the entire rear bumper for a Ferrari 488.
You should schedule a consultation with a mechanic who is familiar with Ferraris. If all you did was hit a trash can, there’s a good chance you won’t need the entire bumper replaced, in which case the repair could be much cheaper.
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MORE: How to get car insurance with a bad driving record