Chevrolet Corvette Insurance Rates
Enter your zip code below to view companies that have cheap auto insurance rates.
UPDATED: Jun 1, 2023
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.
Estimated insurance rates for a Chevrolet Corvette are $1,718 a year with full coverage. Comprehensive insurance costs around $462 a year, collision insurance costs $862, and liability is $284. Liability-only coverage costs around $328 a year, and high-risk coverage costs $3,718 or more. Teenage drivers pay the most at up to $5,902 a year.
Average premium for full coverage: $1,718
Premium estimates for type of coverage:
Full coverage includes $500 comprehensive and collision deductibles, minimum liability limits, and includes UM/UIM and medical coverage. Rates include averaging for all U.S. states and Corvette trim levels.
Insurance Price Range by Risk and Coverage
For an average driver, insurance rates for a Chevrolet Corvette range from as low as $328 for a discount liability-only rate to a high of $3,718 for high-risk insurance.
Insurance Price Range by Location
Choosing to live in a large city can have significant affects on insurance rates. Areas with sparse population are statistically proven to have a lower frequency of collision claims than densely populated cities. The diagram below illustrates the effect of geographic area on auto insurance rates.
These rate differences demonstrate why it is important to compare rates quotes for a specific zip code and risk profile, 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.
Rates by State, City, and Model
The chart below details average Chevrolet Corvette insurance rates for additional coverage choices and driver risks.
- The best discount rate is $942
- Raising to $1,000 deductibles will save about $1,418 annually
- The average rate for a 40-year-old good driver using $500 deductibles is $1,718
- Using low $100 deductibles will cost an extra $586 every year
- At-risk drivers who are prone to accidents and violations could pay at least $3,718
- An auto insurance policy for full coverage for a teen driver can be $5,902
Insurance prices for a Chevrolet Corvette also have a wide range based on your driving characteristics, the trim level and model year, and deductibles and policy limits.
Older drivers with a clean driving record and high deductibles may pay as little as $1,600 every 12 months on average, or $133 per month, for full coverage. Prices are much higher for drivers in their teens, where even good drivers can expect to pay as much as $5,900 a year. View Rates by Age
Where you choose to live also has a big influence on Chevrolet Corvette insurance prices. A middle-age driver might find prices 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.
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% |
Using high physical damage deductibles can reduce prices by up to $890 every year, while buying higher liability limits will increase prices. Moving from a 50/100 limit to a 250/500 limit will cost up to $255 more per year. View Rates by Deductible or Liability Limit
If you have a few violations or tend to cause accidents, you may be forking out at least $2,000 to $2,700 extra annually, depending on your age. A high-risk auto insurance policy is expensive and can cost as much as 46% to 131% more than a normal policy. View High Risk Driver Rates
Insurance Rates by Trim Level and Model Year
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.
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 Find More Affordable Chevrolet Corvette Insurance
Finding better rates on car insurance consists of avoiding accidents and violations, maintaining good credit, being claim-free, and dropping full coverage on older vehicles. Take the time to compare rates every couple of years by getting rate quotes from direct companies like Progressive, GEICO, and Esurance, and also from local independent and exclusive agents.
The list below is a summary of the material that was covered in the above illustrations.
- Policyholders who may need higher liability limits will pay an extra $310 every year to raise from 30/60 bodily injury limits to 250/500 limits
- Teenagers pay higher prices, possibly costing $492 per month for full coverage
- Higher risk drivers who have multiple accidents or major violations pay an average of $2,000 more every year for car insurance
- Increasing policy deductibles can save around $875 each year
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 | $5,902 |
20 | $3,940 |
30 | $1,828 |
40 | $1,718 |
50 | $1,562 |
60 | $1,532 |
Full coverage, $500 deductibles
Rates by Deductible
Deductible | Premium |
---|---|
$100 | $2,304 |
$250 | $2,032 |
$500 | $1,718 |
$1,000 | $1,418 |
Full coverage, driver age 40
Rates by Liability Limit
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
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.
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 |
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