UPDATED: Jul 31, 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 can be expensive. Chevrolet Corvette insurance costs around $271 more per year than the average vehicle. Luckily, understanding how insurance rates for a Chevrolet Corvette work can help drivers save. Read on.
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 car insurance costs are $1,790 a year or $149 a month.
Are Chevrolet Corvettes Expensive to Insure?
The chart below details how Chevrolet Corvette insurance rates compare to other luxury cars like the Volvo S90, Audi A6, and Lexus IS 350.
| Vehicle | Comprehensive | Collision | Liability | Total |
| Chevrolet Corvette | $494 | $922 | $264 | $1,790 |
| Volvo S90 | $356 | $714 | $398 | $1,626 |
| Audi A6 | $382 | $744 | $398 | $1,682 |
| Lexus IS 350 | $344 | $686 | $398 | $1,586 |
| Audi S8 | $658 | $1368 | $398 | $2,582 |
| Lexus GS 350 | $370 | $714 | $338 | $1,558 |
| Lexus IS 300 | $356 | $686 | $398 | $1,598 |
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 insurance coverage.
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 impact on Chevrolet Corvette auto insurance rates. For example, 20-year-old drivers pay approximately $2,189 more each year for their Chevrolet Corvette auto insurance than 30-year-old drivers.
Driver Location
Where you live can have a large impact on Chevrolet Corvette insurance rates. For example, drivers in New York may pay $1,092 a year more than drivers in Seattle.
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 Ratings
The Chevrolet Corvette’s safety ratings will affect your Chevrolet Corvette car insurance rates. See the chart below:
| Test Type | Rating |
| Small overlap front: driver-side | N/R |
|---|---|
| Small overlap front: passenger-side | N/R |
| Moderate overlap front | N/R |
| Side | N/R |
| Roof strength | N/R |
| Head restraints and seats | N/R |
| Source: Insurance Institute for Highway Safety | |
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 numerous safety features of the Chevrolet Corvette help contribute to lower insurance rates. The 2020 Chevrolet Corvette has the following safety features:
- Active handling stability control
- Traction control, all-speed
- Daytime running lamps
- HD Rear Vision Camera
- Rear Park Assist
- Airbags
- Passenger Sensing System
- Teen Driver feature
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, 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 rates from the best companies using our FREE tool below.
Ways to Save on Chevrolet Corvette Insurance
If you want to reduce the cost of your Chevrolet Corvette insurance rates, follow these tips below:
- Use Paperless Billing for Your Chevrolet Corvette Insurance Policy
- Don’t Assume your Chevrolet Corvette is Cheaper to Insure than another vehicle. Compare. Compare. Compare.
- Understand that Insurance Companies Can’t Change Your Chevrolet Corvette Auto Insurance Rate Mid-Term Based on Changes to Your Credit Score
- Ask About Retiree Discounts
- Never Drink and Drive Your Chevrolet Corvette
Top Chevrolet Corvette Insurance Companies
Who is the top auto insurance company for Chevrolet Corvette insurance rates? While the actual rates you pay will depend on many factors, here are some of the top companies offering Chevrolet Corvette auto insurance coverage (ordered by market share). Many of these companies offer discounts for security systems and other safety features that the Chevrolet Corvette offers.
| 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
Start comparing Chevrolet Corvette car insurance quotes for free by using our convenient online comparison tool.