How Much is Insurance for a Chevrolet Corvette?

Chevrolet Corvette insurance rates are $149 per month, but Corvette insurance for 19-year-olds will be much more expensive. Lower your Chevrolet Corvette insurance costs by maintaining a good driving record and paying your auto insurance bills on time. Compare Chevrolet Corvette insurance quotes online now to find a fair price for your Chevrolet Corvette insurance coverage.

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Rachel Bodine graduated from college with a BA in English. She has since worked as a Feature Writer in the insurance industry and gained a deep knowledge of state and countrywide insurance laws and rates. Her research and writing focus on helping readers understand their insurance coverage and how to find savings. Her expert advice on insurance has been featured on sites like PhotoEnforced, All...

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Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insurance...

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Reviewed by Leslie Kasperowicz
Farmers CSR for 4 Years

UPDATED: Oct 30, 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 more than the average vehicle with full coverage averaging $1,790 a year or $149 a month. The highest rates are for teens who will pay around $6,542 a year or $545 a month.

Good drivers can save up to $738 a year in policy discounts by following safe driving habits. Let’s take a look at 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 Audi A6, Volvo S60, and Audi A7.

Vehicle Comprehensive Collision Liability Total
Chevrolet Corvette $494 $922 $264 $1,790
Audi A6 $382 $744 $398 $1,682
Volvo S60 $332 $656 $398 $1,544
Audi A7 $406 $834 $398 $1,796
Lexus IS 300 $356 $686 $398 $1,598
Infiniti Q70 $370 $774 $338 $1,618
Audi S6 $444 $894 $398 $1,894
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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?

The Chevrolet Corvette trim and model you choose can impact the total price you will pay for Chevrolet Corvette car insurance coverage.

Age of the Vehicle

Older Chevrolet Corvette models generally cost less to insure. For example, car insurance rates for a 2018 Chevrolet Corvette are $1,790, while 2010 Chevrolet Corvette rates 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
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Driver Age

Driver age can have a significant effect on Chevrolet Corvette car insurance rates. For example, 20-year-old drivers pay $2,189 more for their Chevrolet Corvette car insurance each year than 30-year-old drivers.

Driver Location

Where you live can have a large impact on Chevrolet Corvette insurance rates. For example, drivers in Los Angeles may pay $985 a year more than drivers in Phoenix.

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 sees the highest jump in their Chevrolet Corvette car insurance with violations on their driving record.

Chevrolet Corvette Crash Test Ratings

Good Chevrolet Corvette crash test ratings can lower your Chevrolet Corvette auto insurance rates. See Chevrolet Corvette crash test results below:

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
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Chevrolet Corvette Safety Features

Chevrolet Corvette safety features can lower the cost of your insurance. The safety features for the 2020 Chevrolet Corvette include:

  • 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

Another contributing factor that plays a direct role in Chevrolet Corvette insurance rates is the loss probability for each type of coverage.

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
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Chevrolet Corvette Finance and Insurance Cost

If you are financing a Chevrolet Corvette, most lenders will require your carry higher Chevrolet Corvette coverage options including comprehensive coverage, so be sure to shop around and compare Chevrolet Corvette auto insurance quotes from the best auto insurance companies using our FREE tool below.

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Ways to Save on Chevrolet Corvette Insurance

Drivers can end up saving more money on their Chevrolet Corvette car insurance rates by employing any one of the following strategies.

  • Don’t Skimp On Chevrolet Corvette Liability Coverage
  • Ask About Welcome Discounts
  • Ask About a Student Away from Home Discount
  • Get Cheaper Chevrolet Corvette Car Insurance Rates as a Full-Time Parent
  • Pay Your Bills On Time — Especially Chevrolet Corvette Payments and Insurance

Top Chevrolet Corvette Insurance Companies

Several insurance companies offer competitive rates for the Chevrolet Corvette based on factors like discounts for safety features. Take a look at these 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
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Compare Free Chevrolet Corvette Insurance Quotes Online

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.

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Compare over 200 auto insurance companies at once!

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