Chevrolet Corvette Car Insurance [How to Find Cheap Rates]

Average Chevrolet Corvette insurance rates cost $1,790 a year, or around $149 a month. Teens pay the highest rates at up to $6,542 a year, while good drivers may only pay $1,052.

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Zaneta Wood, Ed.S. has over 15 years of experience in research and technical writing bringing a keen understanding of data analysis and information synthesis to reach a wide variety of audiences. She studied adult education and instructional technology at Appalachian State University as well as technical and professional communication at East Carolina University. Zaneta has prepared technical p...

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Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Jo...

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Reviewed by Joel Ohman
Founder & CFP®

UPDATED: Jun 29, 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

You might think that Chevrolet Corvette insurance rates are really high because it’s a sports car. However, good drivers can save up to $738 a year on Chevrolet Corvette car insurance rates by earning policy discounts.

If you want to find out the best way possible to find affordable Chevrolet Corvette rates, be sure to read through this detailed guide. It contains everything you need to know.

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 auto insurance rates for a Chevrolet Corvette cost $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 S6, Cadillac CTS-V, and Jaguar XE.

Vehicle Comprehensive Collision Liability Total
Chevrolet Corvette $494 $922 $264 $1,790
Audi S6 $444 $894 $398 $1,894
Cadillac CTS-V $406 $804 $338 $1,684
Jaguar XE $382 $774 $398 $1,712
Lexus ES 350 $362 $656 $316 $1,470
Lexus GS 350 $370 $714 $338 $1,558
Volvo S90 $356 $714 $398 $1,626
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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 will affect the total price you will pay for Chevrolet Corvette insurance coverage.

Age of the Vehicle

Older Chevrolet Corvette models generally cost less to insure. For example, auto 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. As an example, a 30-year-old driver pays around $79 more each year for their Chevrolet Corvette car insurance than a 40-year-old driver.

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 car insurance. Teens and drivers in their 20’s see the highest jump in their Chevrolet Corvette auto insurance rates with violations on their driving record.

Chevrolet Corvette Safety Features

Good Chevrolet Corvette safety features can result in insurers giving you car insurance discounts. The safety features for the 2020 Chevrolet Corvette are:

  • Active handling stability control
  • Traction control
  • Daytime running lamps
  • HD Rear Vision Camera
  • Rear Park Assist
  • Frontal and side-impact airbags
  • Teen driver system
  • OnStar and Chevrolet connected services capable

Chevrolet Corvette Insurance Loss Probability

The lower percentage means lower Chevrolet Corvette car insurance costs; higher percentages mean higher Chevrolet Corvette car insurance costs. Compare the following Chevrolet Corvette auto insurance loss probability rates for collision, property damage, comprehensive, PIP, MedPay, and bodily injury.

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

When 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 car insurance rates from the best companies using our FREE tool below.

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Ways to Save on Chevrolet Corvette Insurance

Save more on your Chevrolet Corvette car insurance rates. Take a look at the following five strategies that will get you the best Chevrolet Corvette auto insurance rates possible.

  • Consider Chevrolet Corvette Insurance Costs Before Buying a Chevrolet Corvette
  • Choose a Chevrolet Corvette with Cheaper Repair Costs
  • Improve Your Credit Score
  • Watch Your Insurer Closely When Your Chevrolet Corvette Needs Repairs
  • Ask About Seasonal Insurance for Your Chevrolet Corvette

Top Chevrolet Corvette Insurance Companies

The best auto insurance companies for Chevrolet Corvette car insurance rates will offer competitive rates, discounts, and account for the Chevrolet Corvette’s safety features. The following list of car insurance companies outlines which companies hold the highest 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

Save money by comparing Chevrolet Corvette insurance rates with free quotes online now!

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Average Monthly Car Insurance Rates by State