Chevrolet Corvette Insurance Rates

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

Tonya Sisler

Insurance Content Team Lead

Tonya Sisler has been a technical insurance writer for over five years. She uses her extensive insurance and finance knowledge to write informative articles that answer readers' top questions. Her mission is to provide readers with timely, accurate information that allows them to determine their insurance needs and choose the best coverage. Tonya currently leads a team of 10 insurance copywrite...

Insurance Content Team Lead

UPDATED: Jun 6, 2023

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.

The average auto insurance rates for a Chevrolet Corvette are $1,718 annually with full coverage. Comprehensive costs on average $462 a year, collision insurance costs $862, and liability costs around $284. Liability-only insurance costs as low as $328 a year, and high-risk driver insurance costs around $3,718. Teenage drivers cost the most to insure at up to $5,902 a year.

Average premium for full coverage: $1,718

Policy rates by type of insurance:

Comprehensive $462
Collision $862
Liability $284

Full coverage includes $500 deductibles, liability limits of 30/60, and includes medical and uninsured motorist coverage. Prices are averaged for all U.S. states and Corvette trim levels.

Price Range Variability

Using a 40-year-old driver as an example, Chevrolet Corvette insurance rates range from as cheap as $328 for just liability coverage to a high of $3,718 for a driver that may need high-risk insurance.

Liability Only $328
Full Coverage $1,718
High Risk $3,718

Urban vs. Rural Price Range

Where you live can have significant affects on auto insurance rates. Rural areas are shown to have fewer collision claims than densely populated cities. The diagram below illustrates how rural and urban location affects car insurance rates.

Rural Areas $1,289
Small Cities $1,804
Large Cities $2,319

The examples above demonstrate why it is important to compare prices based on a specific location and their own personal driving habits, instead of using average rates.

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.

Detailed Rate Analysis

The chart below details average Chevrolet Corvette insurance rates for different risk profiles and scenarios.

  • The best discount rate is $942
  • Using higher $1,000 deductibles will save around $1,418 annually
  • The estimated rate for a good driver age 40 with $500 deductibles is $1,718
  • Using low $100 deductibles for physical damage coverage will cost $2,304
  • Drivers who are prone to accidents and violations could pay upwards of $3,718
  • Policy cost with full coverage for a teen driver may cost $5,902 or more

View Chart as Image

Chevrolet Corvette insurance cost comparison chart
Column chart showing Chevrolet Corvette insurance rates range from $942 to $5,902 for full coverage

Auto insurance rates for a Chevrolet Corvette also range considerably based on the model year and trim level, your driving record, and policy deductibles and limits.

Older drivers with a good driving record and high physical damage deductibles may pay as little as $1,600 a year, or $133 per month, for full coverage. Rates are much higher for teenagers, where even without any violations or accidents they will have to pay upwards of $5,900 a year. View Rates by Age

If you have a few points on your driving record or you caused a few accidents, you may be forking out at a minimum $2,000 to $2,700 in extra premium every year, depending on your age. A high-risk auto insurance policy can be as much as 46% to 131% more than a normal policy. View High Risk Driver Rates

Using high physical damage deductibles could cut rates by as much as $890 every year, while buying higher liability limits will cost you more. Moving from a 50/100 bodily injury limit to a 250/500 limit will raise rates by up to $255 extra every year. View Rates by Deductible or Liability Limit

Your home state has a huge impact on Chevrolet Corvette insurance prices. A driver around age 40 might see rates as low as $1,240 a year in states like New Hampshire, Ohio, and Utah, or be forced to pay as much as $2,320 on average in Florida, Michigan, and New York.

Chevrolet Corvette Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $1,552 -$166 -9.7%
Alaska $1,318 -$400 -23.3%
Arizona $1,426 -$292 -17.0%
Arkansas $1,718 -$0 0.0%
California $1,956 $238 13.9%
Colorado $1,638 -$80 -4.7%
Connecticut $1,764 $46 2.7%
Delaware $1,942 $224 13.0%
Florida $2,144 $426 24.8%
Georgia $1,586 -$132 -7.7%
Hawaii $1,236 -$482 -28.1%
Idaho $1,162 -$556 -32.4%
Illinois $1,282 -$436 -25.4%
Indiana $1,294 -$424 -24.7%
Iowa $1,160 -$558 -32.5%
Kansas $1,632 -$86 -5.0%
Kentucky $2,340 $622 36.2%
Louisiana $2,542 $824 48.0%
Maine $1,056 -$662 -38.5%
Maryland $1,416 -$302 -17.6%
Massachusetts $1,370 -$348 -20.3%
Michigan $2,980 $1,262 73.5%
Minnesota $1,438 -$280 -16.3%
Mississippi $2,058 $340 19.8%
Missouri $1,524 -$194 -11.3%
Montana $1,846 $128 7.5%
Nebraska $1,354 -$364 -21.2%
Nevada $2,058 $340 19.8%
New Hampshire $1,238 -$480 -27.9%
New Jersey $1,918 $200 11.6%
New Mexico $1,518 -$200 -11.6%
New York $1,808 $90 5.2%
North Carolina $988 -$730 -42.5%
North Dakota $1,406 -$312 -18.2%
Ohio $1,186 -$532 -31.0%
Oklahoma $1,762 $44 2.6%
Oregon $1,574 -$144 -8.4%
Pennsylvania $1,636 -$82 -4.8%
Rhode Island $2,288 $570 33.2%
South Carolina $1,556 -$162 -9.4%
South Dakota $1,450 -$268 -15.6%
Tennessee $1,504 -$214 -12.5%
Texas $2,070 $352 20.5%
Utah $1,272 -$446 -26.0%
Vermont $1,174 -$544 -31.7%
Virginia $1,030 -$688 -40.0%
Washington $1,324 -$394 -22.9%
West Virginia $1,576 -$142 -8.3%
Wisconsin $1,190 -$528 -30.7%
Wyoming $1,526 -$192 -11.2%

View Chart as Image

Chevrolet Corvette insurance rates by U.S. city

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 $1,430 $119
Chevrolet Corvette GS 2-Dr Coupe $1,588 $132
Chevrolet Corvette 2-Dr Convertible $1,734 $145
Chevrolet Corvette GS 2-Dr Convertible $1,812 $151
Chevrolet Corvette Z06 2-Dr Coupe $1,746 $146
Chevrolet Corvette ZR1 2-Dr Coupe $2,230 $186

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 $462 $862 $284 $1,718
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 Buy More Affordable Chevrolet Corvette Insurance

Finding cheaper rates on car insurance requires not taking risks behind the wheel, having above-average credit, not filing small claims, and deciding if full coverage is necessary. Set aside time to shop around once a year by quoting rates from direct companies like Progressive, GEICO, and Esurance, and also from local independent and exclusive agents.

The following is a summary of the data that was raised in the charts and tables above.

  • You may be able to save as much as $220 per year just by quoting early and online
  • Policyholders who require higher liability limits will pay an extra $310 every year to increase from a 30/60 limit to higher 250/500 limits
  • Teens are charged the highest rates, as much as $492 each month if full coverage is included
  • Higher risk drivers who have multiple accidents or major violations pay an average of $2,000 more each year for 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 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 $5,902
20 $3,940
30 $1,828
40 $1,718
50 $1,562
60 $1,532

Full coverage, $500 deductibles

Rates by Deductible

Chevrolet Corvette Insurance Rates with Different Deductibles
Deductible Premium
$100 $2,304
$250 $2,032
$500 $1,718
$1,000 $1,418

Full coverage, driver age 40

Rates by Liability Limit

Chevrolet Corvette Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,718
50/100 $2,287
100/300 $2,358
250/500 $2,542
100 CSL $2,315
300 CSL $2,471
500 CSL $2,585

Full coverage, driver age 40

Rates for High Risk Drivers

Chevrolet Corvette Insurance Rates for High Risk Drivers
Age Premium
16 $8,542
20 $6,276
30 $3,840
40 $3,718
50 $3,540
60 $3,506

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 $246

Potential Rate Discounts

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

Discount Savings
Multi-policy $96
Multi-vehicle $88
Homeowner $22
5-yr Accident Free $143
5-yr Claim Free $115
Paid in Full/EFT $91
Advance Quote $92
Online Quote $129
Total Discounts $776
Rate after discounts $942

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