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Online Chevrolet Corvette Insurance Rates

Insurance rates for a Chevrolet Corvette average $1,790 a year, or around $149 a month. On average, Chevrolet Corvette comprehensive insurance coverage costs $436, collision coverage costs $636, and liability coverage costs $505.

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Eric Stauffer is a former insurance agent and banker turned consumer advocate. His priority is to help educate individuals and families about the different types of insurance they need, and assist them in finding the best...

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UPDATED: Jun 24, 2020

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Key takeaways:

  • Full coverage costs around $1,790 a year or $149 each month
  • A liability-only policy costs around $718 a year or $60 each month
  • Highest rates are for teenage drivers at around $6,542 a year or $545 each month
  • Good drivers can save as much as $738 a year by earning policy discounts
  • Chevrolet Corvette insurance costs around $271 more per year than the average vehicle

Chevrolet Corvette insurance rates are about $271 more per year than the average vehicle with full coverage costing around $1,790 a year or $149 a month. Drivers of an older Chevrolet Corvette may elect to get liability-only coverage which costs around $718 a year or $60 a month.

Good drivers can save up to $738 a year for being safe out on the road. Let’s take a quick dive into Chevrolet Corvette insurance rates, insurance losses, and more.

You can start comparing quotes for Chevrolet Corvette car insurance rates from some of the best car insurance companies by using our free online tool now.

Chevrolet Corvette Insurance Cost

The average Chevrolet Corvette auto insurance rates are $1,790 a year or $149 a month.

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Are Chevrolet Corvettes Expensive to Insure?

The chart below details how Chevrolet Corvette insurance rates compare to other luxury cars like the Cadillac CTS-V, Cadillac CT6, and Audi A7.

Vehicle Comprehensive Collision Liability Total
Chevrolet Corvette $494 $922 $264 $1,790
Cadillac CTS-V $406 $804 $338 $1,684
Cadillac CT6 $382 $774 $398 $1,712
Audi A7 $406 $834 $398 $1,796
Audi S8 $658 $1,368 $398 $2,582
Lexus IS 300 $356 $686 $398 $1,598
Mercedes-Benz C300 $404 $718 $372 $1,652

However, there are a few things you can do to find the cheapest Chevrolet insurance rates online.

What Impacts the Cost of Chevrolet Corvette Insurance?

You might have noticed that there is a multitude of factors that impact Chevrolet Corvette car insurance rates. Your age, location, driving record, and model year all play a role in what you will ultimately pay to insure the Chevrolet Corvette.

Age of the Vehicle

Older Chevrolet Corvette models generally cost less to insure. For example, auto insurance for a 2018 Chevrolet Corvette costs $1,790, while 2010 Chevrolet Corvette insurance costs are $1,326, a difference of $464.

Model Year Comprehensive Collision Liability Total
2018 Chevrolet Corvette $494 $922 $264 $1,790
2017 Chevrolet Corvette $478 $900 $274 $1,762
2016 Chevrolet Corvette $462 $862 $284 $1,718
2015 Chevrolet Corvette $436 $832 $292 $1,670
2013 Chevrolet Corvette $402 $728 $300 $1,540
2012 Chevrolet Corvette $386 $652 $304 $1,452
2011 Chevrolet Corvette $360 $600 $304 $1,374
2010 Chevrolet Corvette $348 $562 $306 $1,326

Driver Age

Driver age can have a significant effect on Chevrolet Corvette car insurance rates. For example, 30-year-old drivers pay $79 more for Chevrolet Corvette car insurance than 40-year-old drivers.

Driver Location

Where you live can have a large impact on Chevrolet Corvette insurance rates. For example, drivers in Jacksonville may pay $1,074 a year more than drivers in Indianapolis.

Your Driving Record

Your driving record can have an impact on the cost of Chevrolet Corvette auto insurance. Teens and drivers in their 20’s see the highest jump in their Chevrolet Corvette car insurance with violations on their driving record.

Chevrolet Corvette Crash Test Ratings

Chevrolet Corvette crash test ratings will affect your Chevrolet Corvette car insurance rates.

Vehicle Tested Overall Frontal Side Rollover
2020 Chevrolet Corvette C RWD N/R N/R N/R N/R
2020 Chevrolet Corvette 2 DR RWD N/R N/R N/R N/R
2019 Chevrolet Corvette C RWD N/R N/R N/R N/R
2019 Chevrolet Corvette 2 DR RWD N/R N/R N/R N/R
2018 Chevrolet Corvette C RWD N/R N/R N/R N/R
2018 Chevrolet Corvette 2 DR RWD N/R N/R N/R N/R
2017 Chevrolet Corvette C RWD N/R N/R N/R N/R
2017 Chevrolet Corvette 2 DR RWD N/R N/R N/R N/R
2016 Chevrolet Corvette C RWD N/R N/R N/R N/R
2016 Chevrolet Corvette 2 DR RWD N/R N/R N/R N/R
1-5 Star Rating Scale, N/R = No Rating | Source: National Highway Traffic Safety Administration

Chevrolet Corvette Safety Features

The safety features of the Chevrolet Corvette can impact your Chevrolet Corvette car insurance rates. The Chevrolet Corvette has the following safety features:

  • Rear Cross-Traffic Alert
  • Side Blind Zone Alert
  • HD Rear Vision Camera
  • Front Curb View Camera
  • Rear Camera Mirror
  • Rear Park Assist

Chevrolet Corvette Insurance Loss Probability

The Chevrolet Corvette’s insurance loss probability varies between different coverage types. The lower percentage means lower Chevrolet Corvette auto insurance costs; higher percentages mean higher Chevrolet Corvette auto insurance costs.

Insurance Coverage Category Loss Rate
Collision 16%
Property Damage -64%
Comprehensive 1%
Personal Injury -58%
Medical Payment -52%
Bodily Injury -61%
Source: Insurance Institute for Highway Safety

Chevrolet Corvette Finance and Insurance Cost

If you are financing a Chevrolet Corvette, you will pay more if you purchase Chevrolet Corvette car insurance at the dealership, so be sure to shop around and compare Chevrolet Corvette car insurance quotes from the best companies using our FREE tool below.

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

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Ways to Save on Chevrolet Corvette Insurance

There are several ways you can save even more on your Chevrolet Corvette car insurance rates. Take a look at the following five tips:

  • Install an Aftermarket Anti-Theft Device for Your Chevrolet Corvette
  • Ask About Usage-Based Insurance for Your Chevrolet Corvette
  • Choose Automatic Payments or EFT for Your Chevrolet Corvette Insurance Policy
  • Provide Your Chevrolet Corvette VIN When Requesting Chevrolet Corvette Auto Insurance Quotes
  • Compare Chevrolet Corvette Quotes for Free Online

Top Chevrolet Corvette Insurance Companies

Several top car insurance companies offer competitive rates for the Chevrolet Corvette rates based on factors like discounts for safety features. Take a look at this list of top car insurance companies that are popular with Chevrolet Corvette drivers organized by market share.

Rank Company Volume Market Share
1 State Farm $65,615,190 9.3%
2 GEICO $46,106,971 6.6%
3 Progressive $39,222,879 5.6%
4 Liberty Mutual $35,600,051 5.1%
5 Allstate $35,025,903 5.0%
6 Travelers $28,016,966 4.0%
7 USAA $23,483,080 3.3%
8 Chubb $23,388,385 3.3%
9 Farmers $20,643,559 2.9%
10 Nationwide $18,442,145 2.6%
Source: Insurance Information Institute

Compare Free Chevrolet Corvette Insurance Quotes Online

You can start comparing quotes for Chevrolet Corvette auto insurance rates from some of the best auto insurance companies by using our free online tool now.

About Eric Stauffer

Author: Eric StaufferI am a former insurance agent and banker turned consumer advocate. My priority is to help educate individuals and families about the different types of insurance they need, and assist them in finding the best place to get it.

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