Chevrolet Corvette Insurance Rates
Enter your zip code below to view companies that have cheap auto insurance rates.
UPDATED: Apr 4, 2024
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.
U.S. average insurance prices for a Chevrolet Corvette are $1,814 every 12 months with full coverage. Comprehensive costs on average $516, collision insurance costs $930, and liability is estimated at $258. Liability-only insurance costs approximately $306 a year, and high-risk driver insurance costs around $3,910. Teens pay the highest rates at up to $6,122 a year.
Average premium for full coverage: $1,814
Price estimates by individual coverage:
Rates are based on $500 deductible amounts, liability limits of 30/60, and includes medical and UM/UIM coverage. Estimates are averaged for all U.S. states and for all Corvette models.
Price Range from Low to High
Using a middle-aged driver as an example, Chevrolet Corvette insurance prices range from the cheapest price of $306 for just liability insurance to the much higher price of $3,910 for a driver that may need high-risk insurance.
Geographic Price Range
Living in a larger city can have significant affects on auto insurance rates. Rural areas have more infrequent collision claims than cities with more traffic congestion. The example below illustrates how where you live affects car insurance rates.
The ranges above demonstrate why everyone should get quotes based on a specific location and their own driving history, instead of using averaged prices.
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.
More Rate Details
The chart below details average Chevrolet Corvette insurance rates for different risk profiles and scenarios.
- The cheapest rate after discounts is $994
- Choosing higher $1,000 deductibles can save around $328 annually
- The average price for the average middle-age driver with $500 deductibles is $1,814
- Selecting pricier low deductibles for comp and collision coverage increases the price to $2,452
- Unlucky drivers with serious driving violations could pay upwards of $3,910
- The price to insure a teen driver for full coverage may cost $6,122 each year
Car insurance prices for a Chevrolet Corvette are also quite variable based on deductibles and policy limits, your driving record, and the trim level of your Corvette.
Choosing higher comprehensive and collision insurance deductibles can save as much as $970 every year, whereas buying more liability protection will cost you more. Moving from a 50/100 liability limit to a 250/500 limit will increase prices by as much as $232 extra every 12 months. View Rates by Deductible or Liability Limit
A more mature driver with no driving violations and higher deductibles may pay as little as $1,700 annually on average for full coverage. Prices are much higher for teenage drivers, since even excellent drivers will be charged upwards of $6,100 a year. View Rates by Age
If you have some driving violations or you were responsible for an accident, you may be forking out at a minimum $2,100 to $2,800 extra each year, depending on your age. Chevrolet Corvette insurance for high-risk drivers ranges as much as 46% to 130% more than the average policy. View High Risk Driver Rates
The state you live in plays a big part in determining prices for Chevrolet Corvette insurance prices. A good driver about age 40 could pay as low as $1,310 a year in states like New Hampshire, Ohio, and Utah, or have to pay at least $2,440 on average in Florida, Michigan, and New York.
State | Premium | Compared to U.S. Avg | Percent Difference |
---|---|---|---|
Alabama | $1,638 | -$176 | -9.7% |
Alaska | $1,392 | -$422 | -23.3% |
Arizona | $1,506 | -$308 | -17.0% |
Arkansas | $1,814 | -$0 | 0.0% |
California | $2,066 | $252 | 13.9% |
Colorado | $1,730 | -$84 | -4.6% |
Connecticut | $1,862 | $48 | 2.6% |
Delaware | $2,052 | $238 | 13.1% |
Florida | $2,264 | $450 | 24.8% |
Georgia | $1,676 | -$138 | -7.6% |
Hawaii | $1,302 | -$512 | -28.2% |
Idaho | $1,228 | -$586 | -32.3% |
Illinois | $1,352 | -$462 | -25.5% |
Indiana | $1,366 | -$448 | -24.7% |
Iowa | $1,224 | -$590 | -32.5% |
Kansas | $1,722 | -$92 | -5.1% |
Kentucky | $2,472 | $658 | 36.3% |
Louisiana | $2,684 | $870 | 48.0% |
Maine | $1,116 | -$698 | -38.5% |
Maryland | $1,496 | -$318 | -17.5% |
Massachusetts | $1,448 | -$366 | -20.2% |
Michigan | $3,148 | $1,334 | 73.5% |
Minnesota | $1,518 | -$296 | -16.3% |
Mississippi | $2,172 | $358 | 19.7% |
Missouri | $1,608 | -$206 | -11.4% |
Montana | $1,948 | $134 | 7.4% |
Nebraska | $1,428 | -$386 | -21.3% |
Nevada | $2,174 | $360 | 19.8% |
New Hampshire | $1,308 | -$506 | -27.9% |
New Jersey | $2,026 | $212 | 11.7% |
New Mexico | $1,604 | -$210 | -11.6% |
New York | $1,908 | $94 | 5.2% |
North Carolina | $1,042 | -$772 | -42.6% |
North Dakota | $1,484 | -$330 | -18.2% |
Ohio | $1,252 | -$562 | -31.0% |
Oklahoma | $1,860 | $46 | 2.5% |
Oregon | $1,662 | -$152 | -8.4% |
Pennsylvania | $1,730 | -$84 | -4.6% |
Rhode Island | $2,418 | $604 | 33.3% |
South Carolina | $1,642 | -$172 | -9.5% |
South Dakota | $1,532 | -$282 | -15.5% |
Tennessee | $1,588 | -$226 | -12.5% |
Texas | $2,182 | $368 | 20.3% |
Utah | $1,342 | -$472 | -26.0% |
Vermont | $1,238 | -$576 | -31.8% |
Virginia | $1,088 | -$726 | -40.0% |
Washington | $1,398 | -$416 | -22.9% |
West Virginia | $1,664 | -$150 | -8.3% |
Wisconsin | $1,254 | -$560 | -30.9% |
Wyoming | $1,614 | -$200 | -11.0% |
Insurance Rates by Trim Level and Model Year
Model and Trim | Annual Premium | Monthly Premium |
---|---|---|
Chevrolet Corvette 2-Dr Coupe | $1,500 | $125 |
Chevrolet Corvette GS 2-Dr Coupe | $1,672 | $139 |
Chevrolet Corvette 2-Dr Convertible | $1,814 | $151 |
Chevrolet Corvette GS 2-Dr Convertible | $1,900 | $158 |
Chevrolet Corvette Z06 2-Dr Coupe | $1,844 | $154 |
Chevrolet Corvette ZR1 2-Dr Coupe | $2,374 | $198 |
Rates assume 2023 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.
Model Year | Comprehensive | Collision | Liability | Total Premium |
---|---|---|---|---|
2024 Chevrolet Corvette | $540 | $968 | $246 | $1,864 |
2023 Chevrolet Corvette | $516 | $930 | $258 | $1,814 |
2022 Chevrolet Corvette | $494 | $922 | $264 | $1,790 |
2021 Chevrolet Corvette | $478 | $900 | $274 | $1,762 |
2020 Chevrolet Corvette | $462 | $862 | $284 | $1,718 |
2019 Chevrolet Corvette | $436 | $832 | $292 | $1,670 |
2018 Chevrolet Corvette | $420 | $772 | $298 | $1,600 |
2017 Chevrolet Corvette | $402 | $728 | $300 | $1,540 |
2016 Chevrolet Corvette | $386 | $652 | $304 | $1,452 |
2015 Chevrolet Corvette | $360 | $600 | $304 | $1,374 |
2014 Chevrolet Corvette | $348 | $562 | $306 | $1,326 |
2013 Chevrolet Corvette | $340 | $526 | $312 | $1,288 |
2012 Chevrolet Corvette | $314 | $488 | $312 | $1,224 |
2011 Chevrolet Corvette | $306 | $442 | $316 | $1,174 |
2009 Chevrolet Corvette | $268 | $368 | $312 | $1,058 |
2008 Chevrolet Corvette | $260 | $330 | $310 | $1,010 |
2007 Chevrolet Corvette | $256 | $322 | $304 | $992 |
2006 Chevrolet Corvette | $252 | $308 | $298 | $968 |
2005 Chevrolet Corvette | $230 | $292 | $294 | $926 |
2004 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 Shop for the Best Cheap Chevrolet Corvette Insurance
Getting lower rates on car insurance takes having a good driving record, maintaining a good credit score, avoid buying unnecessary coverage, and possibly raising deductibles. Take the time to comparison shop once a year by requesting quotes from direct companies like Progressive, GEICO, and Esurance, and also from local exclusive and independent agents.
The next list is a quick review of the data that was touched on in the above illustrations.
- You may be able to save as much as $230 per year just by quoting online well ahead of the renewal date
- Policyholders who require increased levels of liability coverage will pay approximately $280 every year to raise limits from a low limit to a 250/500 level
- Drivers age 20 and younger are expensive to insure, costing up to $510 a month if the policy includes full coverage
- Higher risk drivers with a DUI or reckless driving violation may pay on average $2,100 more each year to buy Chevrolet Corvette 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 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
Rate Tables and Charts
Rates by Driver Age
Driver Age | Premium |
---|---|
16 | $6,122 |
20 | $4,140 |
30 | $1,936 |
40 | $1,814 |
50 | $1,646 |
60 | $1,616 |
Full coverage, $500 deductibles
Rates by Deductible
Deductible | Premium |
---|---|
$100 | $2,452 |
$250 | $2,156 |
$500 | $1,814 |
$1,000 | $1,486 |
Full coverage, driver age 40
Rates by Liability Limit
Liability Limit | Premium |
---|---|
30/60 | $1,814 |
50/100 | $2,426 |
100/300 | $2,490 |
250/500 | $2,658 |
100 CSL | $2,451 |
300 CSL | $2,593 |
500 CSL | $2,697 |
Full coverage, driver age 40
Rates for High Risk Drivers
Age | Premium |
---|---|
16 | $8,876 |
20 | $6,588 |
30 | $4,046 |
40 | $3,910 |
50 | $3,720 |
60 | $3,686 |
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.
Potential Rate Discounts
If you qualify for discounts, you may save the amounts shown below.
Discount | Savings |
---|---|
Multi-policy | $102 |
Multi-vehicle | $91 |
Homeowner | $22 |
5-yr Accident Free | $152 |
5-yr Claim Free | $121 |
Paid in Full/EFT | $98 |
Advance Quote | $98 |
Online Quote | $136 |
Total Discounts | $820 |
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