Chevrolet Corvette Insurance Rates
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Michelle Robbins
Licensed Insurance Agent
Michelle Robbins has been a licensed insurance agent for over 13 years. Her career began in the real estate industry, supporting local realtors with Title Insurance. After several years, Michelle shifted to real estate home warranty insurance, where she managed a territory of over 100 miles of real estate professionals. Later, Agent Robbins obtained more licensing and experience serving families a...
Licensed Insurance Agent
UPDATED: Apr 4, 2024
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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 auto insurance rates for a Chevrolet Corvette are $1,790 annually for full coverage. Comprehensive costs on average $494, collision costs $922, and liability is $264. Buying just liability costs around $312 a year, with insurance for high-risk drivers costing around $3,870. Teens pay the highest rates at $6,090 a year or more.
Average premium for full coverage: $1,790
Price estimates by individual coverage:
Includes $500 comprehensive and collision deductibles, 30/60 bodily injury liability limits, and includes uninsured motorist and medical coverage. Estimates are averaged for all states and for different Corvette trim levels.
Price Range from Low to High
Using a middle-aged driver as an example, Chevrolet Corvette insurance prices go from as cheap as $312 for the bare minimum liability coverage to a much higher rate of $3,870 for a driver who requires high-risk insurance.
Geographic Price Range
Choosing to live in a large city can have significant affects on car insurance rates. Rural areas have fewer accident claims than cities with more traffic congestion.
The price range example below illustrates how where you live affects car insurance rates.
The ranges above show why anyone shopping for car insurance should compare rates quotes based on a specific location and their own personal driving habits, 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.
Additional Rate Information
The chart below shows estimated Chevrolet Corvette insurance rates for different risk profiles and scenarios.
- The cheapest rate after discounts is $977
- Raising to $1,000 deductibles will save around $320 a year
- The estimated rate for the average middle-age driver with $500 deductibles is $1,790
- Selecting more expensive low deductibles will cost $2,418
- At-risk drivers with serious driving violations could pay upwards of $3,870 or more
- The price with full coverage for a teen driver with full coverage may cost $6,090
Insurance prices for a Chevrolet Corvette are also quite variable based on the trim level and model year, your driver profile, and policy deductibles and limits.
An older driver with no violations or accidents and high physical damage deductibles may pay as little as $1,600 every 12 months on average for full coverage. Prices are much higher for teenage drivers, where even without any violations or accidents they should be prepared to pay upwards of $6,000 a year. View Rates by Age
If you have some driving violations or you caused a few accidents, you could be paying at a minimum $2,100 to $2,800 additional each year, depending on your age. High-risk driver insurance is expensive and can cost as much as 46% to 132% more than the average policy. View High Risk Driver Rates
Choosing higher comprehensive and collision insurance deductibles can reduce prices by up to $950 every year, while increasing your policy's liability limits will cost you more. Going from a 50/100 bodily injury limit to a 250/500 limit will increase prices by as much as $237 more each year. View Rates by Deductible or Liability Limit
The state you live in also has a big influence on Chevrolet Corvette insurance prices. A middle-age driver might find prices as low as $1,180 a year in states like Idaho, Maine, and Iowa, or have to pay at least $2,550 on average in Michigan, Louisiana, and New York.
| 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% |
Since prices can be so different, the only way to know exactly what you will pay is to compare prices and see which company has the best price. Every auto insurance company calculates prices differently, and prices may be quite different between companies.
Insurance Rates by Trim Level and Model Year
| 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 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 | $516 | $930 | $258 | $1,814 |
| 2023 Chevrolet Corvette | $494 | $922 | $264 | $1,790 |
| 2022 Chevrolet Corvette | $478 | $900 | $274 | $1,762 |
| 2021 Chevrolet Corvette | $462 | $862 | $284 | $1,718 |
| 2020 Chevrolet Corvette | $436 | $832 | $292 | $1,670 |
| 2019 Chevrolet Corvette | $420 | $772 | $298 | $1,600 |
| 2018 Chevrolet Corvette | $402 | $728 | $300 | $1,540 |
| 2017 Chevrolet Corvette | $386 | $652 | $304 | $1,452 |
| 2016 Chevrolet Corvette | $360 | $600 | $304 | $1,374 |
| 2015 Chevrolet Corvette | $348 | $562 | $306 | $1,326 |
| 2014 Chevrolet Corvette | $340 | $526 | $312 | $1,288 |
| 2013 Chevrolet Corvette | $314 | $488 | $312 | $1,224 |
| 2012 Chevrolet Corvette | $306 | $442 | $316 | $1,174 |
| 2011 Chevrolet Corvette | $286 | $406 | $312 | $1,114 |
| 2009 Chevrolet Corvette | $260 | $330 | $310 | $1,010 |
| 2008 Chevrolet Corvette | $256 | $322 | $304 | $992 |
| 2007 Chevrolet Corvette | $252 | $308 | $298 | $968 |
| 2006 Chevrolet Corvette | $230 | $292 | $294 | $926 |
| 2005 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 the Cheapest Chevrolet Corvette Insurance
Getting lower rates on car insurance consists of avoiding accidents and violations, having good credit, eliminating unnecessary coverage, and insuring your home and auto with the same company. Take the time to comparison shop at every other renewal by requesting rates from direct carriers like GEICO, Progressive, and Esurance, and also from local insurance agents.
The list below is a recap of the concepts that were touched on in the above illustrations.
- Higher risk drivers that have major violations or accidents may be required to pay an average of $2,080 more each year for car insurance
- Teenagers pay higher prices, with premiums as much as $508 a month if they have full coverage
- Drivers can save as much as $230 per year simply by shopping early and online
- Increasing physical damage deductibles could save up to $950 each year
- Drivers can save as much as $230 per year simply by shopping early and online
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.
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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 | $6,090 |
| 20 | $4,104 |
| 30 | $1,912 |
| 40 | $1,790 |
| 50 | $1,626 |
| 60 | $1,596 |
Full coverage, $500 deductibles
Rates by Deductible
| Deductible | Premium |
|---|---|
| $100 | $2,418 |
| $250 | $2,126 |
| $500 | $1,790 |
| $1,000 | $1,470 |
Full coverage, driver age 40
Rates by Liability Limit
| 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
| 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.
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 |
Discounts are estimated and may not be available from every company or in every state.
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