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2003 Chevrolet Corvette Insurance Rates

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Jeffrey Johnson graduated summa cum laude from the University of Baltimore School of Law and has worked in legal offices and nonprofits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman University and worked in film, education, and publishing. His professional writing has appeared on sites like The Manifest and Vice, and he is the author of a novel ...

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UPDATED: Jun 12, 2015

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Average insurance rates for a 2003 Chevrolet Corvette are $968 a year with full coverage. Comprehensive costs on average $252 a year, collision insurance costs $308, and liability costs around $298. Buying a liability-only policy costs as low as $340 a year, and high-risk insurance costs around $2,042. Teenage drivers receive the highest rates at up to $3,486 a year.

Annual premium for full coverage: $968

Rate estimates for 2003 Chevrolet Corvette Insurance

Comprehensive $252
Collision $308
Liability $298

Rate data is compiled from all 50 U.S. states and averaged for all 2003 Chevrolet Corvette models. Rates are based on a 40-year-old male driver, $500 comprehensive and collision deductibles, and a clean driving record. Remaining premium consists of UM/UIM coverage, Medical/PIP, and policy fees.

Price Range by Coverage and Risk

For the average driver, prices range range from as low as $340 for a discount liability-only rate to a high of $2,042 for a driver that may need high-risk insurance.

Liability Only $340
Full Coverage $968
High Risk $2,042

View Chart as Image

2003 Chevrolet Corvette insurance rates compared
Column chart showing 2003 Chevrolet Corvette insurance prices range from $573 to $3,486 for full coverage

These differences demonstrate why it is important for drivers to compare prices based on a specific location and risk profile, instead of making a decision based on average rates.

Use the form below to get rates for your location.

Enter your zip code below to view companies based on your location that have cheap auto insurance rates.

Recommended Companies for Cheap 2003 Chevrolet Corvette Insurance

Searching Companies

Searching for the cheapest car insurance rates for your Chevrolet Corvette? Finding lower rates for car insurance is always a challenge for consumers new to buying insurance online. Consumers have so many options available that it can turn into more work than you anticipated to compare prices.

Choosing the best insurance company for you is quite easy. In a nutshell, every driver who is shopping for insurance coverage stands a good chance to be able to find lower rates. But car owners do need to know how the larger insurance companies market insurance on the web and use this information to your advantage.

The quickest way to compare rates is to know most of the bigger providers actually pay money for the chance to give you rate quotes. The one thing you need to do is spend a couple of minutes providing details including if you require a SR-22, the ages of drivers, types of safety features, and if the vehicle is leased. Your details is then sent to multiple car insurance providers and they provide comparison quotes immediately.

Discounts are basically free money

Companies offering auto insurance don’t list every discount very well, so here is a list both well-publicized as well as the least known auto insurance savings.

  • No Charge for an Accident – A handful of insurance companies will forgive one accident before raising your premiums as long as you don’t have any claims for a certain period of time.
  • Pay Upfront and Save – By paying your policy upfront instead of monthly or quarterly installments you can actually save on your bill.
  • More Vehicles More Savings – Insuring multiple cars or trucks on the same auto insurance policy may reduce the rate for each vehicle.
  • Theft Prevention Discount – Vehicles with anti-theft systems can help prevent theft and therefore earn up to a 10% discount.
  • Air Bag Discount – Vehicles with factory air bags or motorized seat belts can get savings of up to 25% or more.

Consumers should know that some of the credits will not apply to the overall cost of the policy. Most only apply to the cost of specific coverages such as collision or personal injury protection. So when the math indicates all the discounts add up to a free policy, it just doesn’t work that way.

A partial list of companies that may have these benefits include:

Before buying, ask every prospective company what discounts are available to you. Some discounts may not apply in every state.

Which insurance is the “right” coverage?

When it comes to buying the right insurance coverage, there isn’t really a single plan that fits everyone. Everyone’s situation is a little different.

Here are some questions about coverages that might help in determining if your situation might need an agent’s assistance.

  • Is my ex-spouse still covered by my policy?
  • Is my babysitter covered when using my vehicle?
  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • Does insurance cover damages from a DUI accident?
  • How high should deductibles be on a 2003 Chevy Corvette?
  • I have a DUI can I still get coverage?
  • At what point should I drop full coverage?
  • Does my policy cover me when driving someone else’s vehicle?

If it’s difficult to answer those questions but you know they apply to you, you may need to chat with an insurance agent. To find lower rates from a local agent, simply complete this short form.

Car insurance coverages explained

Understanding the coverages of a car insurance policy aids in choosing the right coverages for your vehicles. The coverage terms in a policy can be impossible to understand and reading a policy is terribly boring.

Liability insurance – This provides protection from damages or injuries you inflict on other’s property or people by causing an accident. This coverage protects you against other people’s claims, and does not provide coverage for damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. As an example, you may have liability limits of 25/50/25 that means you have a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property.

Liability insurance covers things such as emergency aid, funeral expenses, medical services and loss of income. How much liability should you purchase? That is a decision to put some thought into, but it’s cheap coverage so purchase higher limits if possible.

Coverage for medical payments – Med pay and PIP coverage reimburse you for expenses for doctor visits, funeral costs, hospital visits and rehabilitation expenses. They are often used in conjunction with a health insurance plan or if there is no health insurance coverage. Coverage applies to you and your occupants and will also cover if you are hit as a while walking down the street. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay

Comprehensive coverages – Comprehensive insurance coverage pays for damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage pays for claims like hitting a deer, theft, damage from getting keyed, falling objects and a tree branch falling on your vehicle. The maximum payout you’ll receive from a claim is the market value of your vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Uninsured and underinsured coverage – This provides protection from other motorists when they either have no liability insurance or not enough. Covered claims include medical payments for you and your occupants and also any damage incurred to your Chevy Corvette.

Due to the fact that many drivers carry very low liability coverage limits, their limits can quickly be used up. So UM/UIM coverage should not be overlooked.

Collision coverages – This covers damage to your Corvette from colliding with an object or car. A deductible applies and then insurance will cover the remainder.

Collision coverage protects against things such as hitting a mailbox, colliding with a tree, crashing into a ditch, backing into a parked car and sideswiping another vehicle. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. Drivers also have the option to increase the deductible to bring the cost down.

Rates by U.S. City

2003 Chevrolet Corvette Insurance Rates by City
City Premium
New York City, NY $1,527
Los Angeles, CA $1,650
Philadelphia, PA $1,291
Jacksonville, FL $1,399
Phoenix, AZ $1,126
Chicago, IL $1,300
Houston, TX $1,511
Seattle, WA $940
Columbus, OH $808
Indianapolis, IN $823

Need a specific model?

Choose your model and trim below

Rates by Driver Age

2003 Chevrolet Corvette Insurance Rates by Driver Age
Driver Age Premium
16 $3,486
20 $2,148
30 $1,008
40 $968
50 $882
60 $862

Full coverage, $500 deductibles

Rates by Deductible

2003 Chevrolet Corvette Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,208
$250 $1,100
$500 $968
$1,000 $840

Full coverage, driver age 40

Rates by Liability Limit

Chevrolet Corvette Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $968
50/100 $1,028
100/300 $1,102
250/500 $1,296
100 CSL $1,057
300 CSL $1,221
500 CSL $1,341

Full coverage, driver age 40

Rates for High Risk Drivers

2003 Chevrolet Corvette Insurance Rates for High Risk Drivers
Age Premium
16 $4,964
20 $3,408
30 $2,088
40 $2,042
50 $1,946
60 $1,924

Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident

If a financial responsibility filing is required, the additional charge below may also apply.

SR-22 Surcharge $126

Potential Rate Discounts

If you qualify for discounts, you may save the amounts shown below.

Discount Savings
Multi-policy $51
Multi-vehicle $48
Homeowner $15
5-yr Accident Free $65
5-yr Claim Free $61
Paid in Full/EFT $41
Advance Quote $45
Online Quote $69
Total Discounts $395
Rate after discounts $573

Discounts are estimated and may not be available from every company or in every state.

Find companies with the cheapest rates in your area

2003 Chevrolet Corvette Insurance Rates by State
State Premium
Alabama $876
Alaska $740
Arizona $804
Arkansas $968
California $1,100
Colorado $922
Connecticut $992
Delaware $1,092
Florida $1,206
Georgia $894
Hawaii $694
Idaho $654
Illinois $722
Indiana $728
Iowa $654
Kansas $916
Kentucky $1,318
Louisiana $1,430
Maine $596
Maryland $798
Massachusetts $770
Michigan $1,678
Minnesota $810
Mississippi $1,158
Missouri $858
Montana $1,038
Nebraska $760
Nevada $1,160
New Hampshire $698
New Jersey $1,078
New Mexico $854
New York $1,018
North Carolina $556
North Dakota $792
Ohio $668
Oklahoma $992
Oregon $886
Pennsylvania $922
Rhode Island $1,290
South Carolina $876
South Dakota $816
Tennessee $846
Texas $1,162
Utah $716
Vermont $660
Virginia $578
Washington $746
West Virginia $888
Wisconsin $668
Wyoming $860

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