Chevrolet Corvette Insurance Rates

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

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 ...

Full Bio →

Written by Jeffrey Johnson
Insurance Lawyer Jeffrey Johnson

UPDATED: May 11, 2022

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

Are Corvettes expensive to insure? Corvettes can be more expensive to insure than most vehicles. Exactly how much is Corvette insurance from major insurers? The average insurance cost for a Corvette is $1,864 a year, or $155 a month. Read on to learn how to find the cheapest Chevrolet Corvette insurance rates.

Enter your ZIP code in our free rate tool above to start comparing Corvette insurance quotes and save on Corvette insurance costs.

Average insurance rates for a Chevrolet Corvette are $1,790 a year for full coverage. Comprehensive costs on average $494 a year, collision costs $922, and liability insurance costs $264. A liability-only policy costs as little as $312 a year, with high-risk insurance costing around $3,870. Teen drivers receive the highest rates at $6,090 a year or more.

Average premium for full coverage: $1,790

Rate estimates by individual coverage type:

Comprehensive $494
Collision $922
Liability $264

Rates include $500 deductibles, 30/60 liability limits, and includes uninsured motorist coverage. Rates are averaged for all states and Corvette trim levels.

Price Range by Coverage and Risk

For a middle-aged driver, prices range go from as low as $312 for only liability insurance to a high of $3,870 for a high risk driver.

Liability Only $312
Full Coverage $1,790
High Risk $3,870

Price Range by Location

Your location has a significant impact on car insurance rates. Rural areas tend to have a lower frequency of accident claims than larger metro areas.

The diagram below illustrates the effect of location on car insurance rates.

Rural Areas $1,343
Small Cities $1,880
Large Cities $2,417

These examples show why it is important to compare rates based on a specific location and risk profile, rather than relying on price averages.

Use the form below to get customized rates for your location.

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

Insurance Rate Analysis

The chart below shows estimated Chevrolet Corvette insurance rates for different risk profiles and scenarios.

  • The lowest rate with discounts is $977
  • Drivers who choose higher $1,000 deductibles will pay around $1,470 a year
  • The average rate for a 40-year-old driver with $500 deductibles is $1,790
  • Choosing low $100 deductibles for comprehensive and collision insurance will increase the cost to $2,418
  • High risk drivers with multiple violations and an at-fault accident could pay upwards of $3,870 or more
  • The cost for full coverage for a teen driver may cost $6,090 a year

View Chart as Image

Chevrolet Corvette insurance cost comparison chart
Column chart showing full coverage Chevrolet Corvette insurance rates range from $977 to $6,090

for a Chevrolet Corvette can also vary considerably based on your driver profile, the trim level of your Corvette, and policy deductibles and limits.

Older drivers and high deductibles could pay as little as $1,600 per year on average for full coverage. Rates are highest for teen drivers, where even good drivers upwards of $6,000 a year. View Rates by Age

Where you live makes a big difference in Chevrolet Corvette insurance rates. A 40-year-old driver could pay as low as $1,180 a year in states like Idaho, Maine, and Iowa, or as much as $2,550 on average in Michigan, Louisiana, and New York.

Chevrolet Corvette Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $1,618 -$172 -9.6%
Alaska $1,374 -$416 -23.2%
Arizona $1,486 -$304 -17.0%
Arkansas $1,790 -$0 0.0%
California $2,040 $250 14.0%
Colorado $1,710 -$80 -4.5%
Connecticut $1,838 $48 2.7%
Delaware $2,026 $236 13.2%
Florida $2,236 $446 24.9%
Georgia $1,652 -$138 -7.7%
Hawaii $1,286 -$504 -28.2%
Idaho $1,214 -$576 -32.2%
Illinois $1,334 -$456 -25.5%
Indiana $1,348 -$442 -24.7%
Iowa $1,210 -$580 -32.4%
Kansas $1,700 -$90 -5.0%
Kentucky $2,438 $648 36.2%
Louisiana $2,650 $860 48.0%
Maine $1,104 -$686 -38.3%
Maryland $1,478 -$312 -17.4%
Massachusetts $1,430 -$360 -20.1%
Michigan $3,106 $1,316 73.5%
Minnesota $1,498 -$292 -16.3%
Mississippi $2,146 $356 19.9%
Missouri $1,590 -$200 -11.2%
Montana $1,924 $134 7.5%
Nebraska $1,412 -$378 -21.1%
Nevada $2,148 $358 20.0%
New Hampshire $1,292 -$498 -27.8%
New Jersey $2,000 $210 11.7%
New Mexico $1,586 -$204 -11.4%
New York $1,884 $94 5.3%
North Carolina $1,030 -$760 -42.5%
North Dakota $1,466 -$324 -18.1%
Ohio $1,236 -$554 -30.9%
Oklahoma $1,836 $46 2.6%
Oregon $1,644 -$146 -8.2%
Pennsylvania $1,706 -$84 -4.7%
Rhode Island $2,386 $596 33.3%
South Carolina $1,622 -$168 -9.4%
South Dakota $1,510 -$280 -15.6%
Tennessee $1,566 -$224 -12.5%
Texas $2,156 $366 20.4%
Utah $1,324 -$466 -26.0%
Vermont $1,222 -$568 -31.7%
Virginia $1,074 -$716 -40.0%
Washington $1,382 -$408 -22.8%
West Virginia $1,644 -$146 -8.2%
Wisconsin $1,238 -$552 -30.8%
Wyoming $1,592 -$198 -11.1%

View Chart as Image

Chevrolet Corvette insurance rates by U.S. city

Choosing high deductibles could save up to $950 each year, while buying higher liability limits will cost you more. Going from a 50/100 limit to a 250/500 limit will cost as much as $237 . View Rates by Deductible or Liability Limit

If you like to drive fast or tend to cause accidents, you could be paying at a minimum $2,100 to $2,800 per year, depending on your age. A high-risk auto insurance policy can cost anywhere from 46% to 132% more than average. View High Risk Driver Rates

With so much variability in rates, the only way to know exactly what you will pay is to get quotes from as many companies as possible. Every company uses a different rate calculation, can be significantly different from one company to the next.

Insurance Rates by Trim Level and Model Year

Chevrolet Corvette Insurance Rates by Model and Trim Level
Model and Trim Annual Premium Monthly Premium
Chevrolet Corvette 2-Dr Coupe $1,482 $124
Chevrolet Corvette GS 2-Dr Coupe $1,652 $138
Chevrolet Corvette 2-Dr Convertible $1,796 $150
Chevrolet Corvette GS 2-Dr Convertible $1,878 $157
Chevrolet Corvette Z06 2-Dr Coupe $1,820 $152
Chevrolet Corvette ZR1 2-Dr Coupe $2,342 $195

Rates assume 2020 model year, a 40-year-old male driver with no accidents or violations, $500 comprehensive and collision deductibles, minimum liability limits, and uninsured/under-insured motorist coverage included. Rates are for comparison only and are averaged for all 50 U.S. states.

Chevrolet Corvette Insurance Rates by Model Year
Model Year Comprehensive Collision Liability Total Premium
2020 Chevrolet Corvette $494 $922 $264 $1,790
2018 Chevrolet Corvette $462 $862 $284 $1,718
2017 Chevrolet Corvette $436 $832 $292 $1,670
2016 Chevrolet Corvette $420 $772 $298 $1,600
2015 Chevrolet Corvette $402 $728 $300 $1,540
2014 Chevrolet Corvette $386 $652 $304 $1,452
2013 Chevrolet Corvette $360 $600 $304 $1,374
2012 Chevrolet Corvette $348 $562 $306 $1,326
2011 Chevrolet Corvette $340 $526 $312 $1,288
2009 Chevrolet Corvette $306 $442 $316 $1,174
2008 Chevrolet Corvette $286 $406 $312 $1,114
2007 Chevrolet Corvette $268 $368 $312 $1,058
2006 Chevrolet Corvette $260 $330 $310 $1,010
2005 Chevrolet Corvette $256 $322 $304 $992
2004 Chevrolet Corvette $252 $308 $298 $968
2003 Chevrolet Corvette $230 $292 $294 $926
2002 Chevrolet Corvette $222 $278 $292 $902

Rates are averaged for all Chevrolet Corvette models and trim levels. Rates assume a 40-year-old male driver, full coverage with $500 deductibles, and a clean driving record.

How to Find Cheaper Chevrolet Corvette Insurance

Saving money on Chevrolet Corvette insurance not only requires being a safe driver, but also maintaining good credit, eliminating unneeded coverage, and bundling your home and auto policies. Take the time to shop around at least every two years by getting price quotes from direct carriers like GEICO and Progressive, and also from your local insurance agents.

Here is a summary of the information that was covered in this article.

  • Increasing deductibles can save around $950 each year
  • Drivers can save as much as $230 per year simply by quoting early and online
  • Drivers who require more liability insurance will pay about $290 each year to go from a minimum limit to 250/500 limits
  • Young drivers pay the highest rates, costing as high as $508 per month for full coverage
  • High-risk drivers that have multiple accidents or serious violations will pay on average $2,080 more each year for insurance

How much does it cost to insure a Corvette if you have a poor record? Generally, the cost to insure a Corvette will be at least $500 more if you have a DUI or reckless driving charge. And if you are wondering how much is insurance on a Corvette for a 16 or 18-year-old, it will usually be at least $1,000 more than a normal policy.

The best way to find cheap Corvette average prices is to shop around for a Corvette comparison chart of insurance rates. Whether you are looking for the best Corvette insurance as a 20-year-old or want to find out how much is insurance for a 2019 or 2020 Corvette, shop around to find the best Corvette car insurance price.

It’s important to also know if you need collector car insurance or standard auto insurance. There are different auto insurance companies, and some do both or just one type. Classic car insurance is for an older collector vehicle that needs to be insured a bit different than your standard newer vehicle.

Use our free tool below to shop around for everything from the insurance cost for a Corvette Stingray to Corvette insurance costs for 18-year-olds and 20-year-olds.

Free Car Insurance Comparison

Compare Quotes From Top Companies and Save

secured lock Secured with SHA-256 Encryption

What are the safety ratings of the Chevrolet Corvette?

Chevrolet Corvette safety ratings and features are important when it comes to calculating rates. The safer your car is, the more discounts you will receive. The newest model of the Chevrolet Corvette has some great advanced safety features, such as a rearview camera, a head-up display, and a front curb-view parking camera.

However, the Insurance Institute of Highway Safety (IIHS) has not crash-tested the Chevrolet Corvette. This means that insurance costs will be calculated on overall crash test ratings for sports cars, even if the Chevrolet Corvette is safer than other sports cars.

How does the Chevrolet Corvette compare against other vehicles in the same class?

The Chevrolet Corvette is a midsize, luxury sports car, which usually means it will have higher liability rates because it is more prone to crashing. While 2014 Corvette insurance rates might be different than insurance on a 2020 Corvette because the 2020 model has more safety features that prevent crashes, you can expect rates on luxury sports cars to be higher on all model years.

The good news is that the IIHS found that the Chevrolet Corvette’s liability rates were substantially better than average in comparison to other sports cars. This doesn’t mean you’ll have cheap rates, but your rates will be cheaper than average for sports cars.

If you are curious how the Chevrolet Corvette’s insurance rates compare to other sports cars, take a look at the list below.

Ready to start shopping for Corvette insurance? Whether you want 2019 or 2020 Corvette insurance cost comparisons or a decades-old model quote, enter your ZIP code in our free tool.

References

  1. https://www.iihs.org/ratings/insurance-losses-by-make-and-model

Rates by Driver Age

Chevrolet Corvette Insurance Rates by Driver Age
Driver Age Premium
16 $6,090
20 $4,104
30 $1,912
40 $1,790
50 $1,626
60 $1,596

Full coverage, $500 deductibles

Rates by Deductible

Chevrolet Corvette Insurance Rates with Different Deductibles
Deductible Premium
$100 $2,418
$250 $2,126
$500 $1,790
$1,000 $1,470

Full coverage, driver age 40

Rates by Liability Limit

Chevrolet Corvette Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,790
50/100 $2,395
100/300 $2,461
250/500 $2,632
100 CSL $2,421
300 CSL $2,566
500 CSL $2,672

Full coverage, driver age 40

Rates for High Risk Drivers

Chevrolet Corvette Insurance Rates for High Risk Drivers
Age Premium
16 $8,826
20 $6,534
30 $4,006
40 $3,870
50 $3,684
60 $3,652

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 $256

Potential Rate Discounts

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

Discount Savings
Multi-policy $101
Multi-vehicle $91
Homeowner $22
5-yr Accident Free $151
5-yr Claim Free $120
Paid in Full/EFT $97
Advance Quote $97
Online Quote $134
Total Discounts $813
Rate after discounts $977

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

Compare Rates and Save

Find companies with the cheapest rates in your area

Free Auto Insurance Comparison

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

secured lock Secured with SHA-256 Encryption

You May Also Enjoy These Articles