Chevrolet Corvette Insurance Rates
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UPDATED: May 28, 2023
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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.
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Estimated insurance rates for a Chevrolet Corvette are $1,814 a year with full coverage. Comprehensive insurance costs on average $516, collision costs $930, and liability costs $258. Liability-only insurance costs as little as $306 a year, with high-risk driver insurance costing $3,910 or more. Teens pay the most at $6,122 a year or more.
Average premium for full coverage: $1,814
Premium estimates by type of coverage:
Prices are based on $500 physical damage insurance deductibles, bodily injury liability limits of 30/60, and includes uninsured motorist and medical coverage. Rates include averaging for all U.S. states and for all Corvette models.
Insurance Price Range by Risk and Coverage
For the average driver, insurance rates for a Chevrolet Corvette go from the low end price of $306 for the bare minimum liability coverage to the much higher price of $3,910 for a driver who has had serious violations or accidents.
Insurance Price Range by Location
Your location can make a big difference on auto insurance rates. Rural areas are statistically proven to have lower incidents of collision claims than cities with more traffic congestion.
The example below illustrates how location impacts car insurance rates.
These rate differences demonstrate why everyone should compare rates based on a specific location, instead of making a decision based on 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 details estimated Chevrolet Corvette insurance rates for different risk profiles and scenarios.
- The cheapest rate after discounts is $994
- Drivers who choose higher $1,000 deductibles will pay around $328 annually
- The estimated price for a 40-year-old good driver with $500 deductibles is $1,814
- Selecting pricier low deductibles for comprehensive and collision insurance will cost an additional $638 annually
- Drivers with serious driving violations could pay upwards of $3,910 or more
- An auto insurance policy that insures a 16-year-old driver for full coverage may cost $6,122 a year
Insurance prices for a Chevrolet Corvette also have a wide range based on the model of your Corvette, your age and driving habits, and policy deductibles and limits.
If you have a few violations or you caused an accident, you may be forking out at a minimum $2,100 to $2,800 additional annually, depending on your age. Chevrolet Corvette insurance for high-risk drivers can cost from 46% to 130% more than the average policy. View High Risk Driver Rates
A more mature driver with no violations or accidents and higher comprehensive and collision deductibles may pay as low as $1,700 per year on average, or $142 per month, for full coverage. Prices are much higher for drivers in their teens, since even teens with perfect driving records should be prepared to pay upwards of $6,100 a year. View Rates by Age
Where you choose to live makes a big difference in Chevrolet Corvette insurance prices. A 40-year-old driver could pay as low as $1,310 a year in states like New Hampshire, Ohio, and Utah, or have to pay at least $2,440 on average in Florida, Michigan, and New York.
| State | Premium | Compared to U.S. Avg | Percent Difference |
|---|---|---|---|
| Alabama | $1,638 | -$176 | -9.7% |
| Alaska | $1,392 | -$422 | -23.3% |
| Arizona | $1,506 | -$308 | -17.0% |
| Arkansas | $1,814 | -$0 | 0.0% |
| California | $2,066 | $252 | 13.9% |
| Colorado | $1,730 | -$84 | -4.6% |
| Connecticut | $1,862 | $48 | 2.6% |
| Delaware | $2,052 | $238 | 13.1% |
| Florida | $2,264 | $450 | 24.8% |
| Georgia | $1,676 | -$138 | -7.6% |
| Hawaii | $1,302 | -$512 | -28.2% |
| Idaho | $1,228 | -$586 | -32.3% |
| Illinois | $1,352 | -$462 | -25.5% |
| Indiana | $1,366 | -$448 | -24.7% |
| Iowa | $1,224 | -$590 | -32.5% |
| Kansas | $1,722 | -$92 | -5.1% |
| Kentucky | $2,472 | $658 | 36.3% |
| Louisiana | $2,684 | $870 | 48.0% |
| Maine | $1,116 | -$698 | -38.5% |
| Maryland | $1,496 | -$318 | -17.5% |
| Massachusetts | $1,448 | -$366 | -20.2% |
| Michigan | $3,148 | $1,334 | 73.5% |
| Minnesota | $1,518 | -$296 | -16.3% |
| Mississippi | $2,172 | $358 | 19.7% |
| Missouri | $1,608 | -$206 | -11.4% |
| Montana | $1,948 | $134 | 7.4% |
| Nebraska | $1,428 | -$386 | -21.3% |
| Nevada | $2,174 | $360 | 19.8% |
| New Hampshire | $1,308 | -$506 | -27.9% |
| New Jersey | $2,026 | $212 | 11.7% |
| New Mexico | $1,604 | -$210 | -11.6% |
| New York | $1,908 | $94 | 5.2% |
| North Carolina | $1,042 | -$772 | -42.6% |
| North Dakota | $1,484 | -$330 | -18.2% |
| Ohio | $1,252 | -$562 | -31.0% |
| Oklahoma | $1,860 | $46 | 2.5% |
| Oregon | $1,662 | -$152 | -8.4% |
| Pennsylvania | $1,730 | -$84 | -4.6% |
| Rhode Island | $2,418 | $604 | 33.3% |
| South Carolina | $1,642 | -$172 | -9.5% |
| South Dakota | $1,532 | -$282 | -15.5% |
| Tennessee | $1,588 | -$226 | -12.5% |
| Texas | $2,182 | $368 | 20.3% |
| Utah | $1,342 | -$472 | -26.0% |
| Vermont | $1,238 | -$576 | -31.8% |
| Virginia | $1,088 | -$726 | -40.0% |
| Washington | $1,398 | -$416 | -22.9% |
| West Virginia | $1,664 | -$150 | -8.3% |
| Wisconsin | $1,254 | -$560 | -30.9% |
| Wyoming | $1,614 | -$200 | -11.0% |
Choosing higher comprehensive and collision insurance deductibles could save up to $970 annually, whereas buying more liability protection will cost you more. Moving from a 50/100 bodily injury protection limit to a 250/500 limit will cost up to $232 more each year. View Rates by Deductible or Liability Limit
With such a large range in prices, the best way to find out exactly what you will pay is to regularly compare prices from multiple companies. Every company calculates prices differently, and prices will be substantially different.
Insurance Rates by Trim Level and Model Year
| Model and Trim | Annual Premium | Monthly Premium |
|---|---|---|
| Chevrolet Corvette 2-Dr Coupe | $1,500 | $125 |
| Chevrolet Corvette GS 2-Dr Coupe | $1,672 | $139 |
| Chevrolet Corvette 2-Dr Convertible | $1,814 | $151 |
| Chevrolet Corvette GS 2-Dr Convertible | $1,900 | $158 |
| Chevrolet Corvette Z06 2-Dr Coupe | $1,844 | $154 |
| Chevrolet Corvette ZR1 2-Dr Coupe | $2,374 | $198 |
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 | $540 | $968 | $246 | $1,864 |
| 2023 Chevrolet Corvette | $516 | $930 | $258 | $1,814 |
| 2022 Chevrolet Corvette | $494 | $922 | $264 | $1,790 |
| 2021 Chevrolet Corvette | $478 | $900 | $274 | $1,762 |
| 2020 Chevrolet Corvette | $462 | $862 | $284 | $1,718 |
| 2019 Chevrolet Corvette | $436 | $832 | $292 | $1,670 |
| 2018 Chevrolet Corvette | $420 | $772 | $298 | $1,600 |
| 2017 Chevrolet Corvette | $402 | $728 | $300 | $1,540 |
| 2016 Chevrolet Corvette | $386 | $652 | $304 | $1,452 |
| 2015 Chevrolet Corvette | $360 | $600 | $304 | $1,374 |
| 2014 Chevrolet Corvette | $348 | $562 | $306 | $1,326 |
| 2013 Chevrolet Corvette | $340 | $526 | $312 | $1,288 |
| 2012 Chevrolet Corvette | $314 | $488 | $312 | $1,224 |
| 2011 Chevrolet Corvette | $306 | $442 | $316 | $1,174 |
| 2009 Chevrolet Corvette | $268 | $368 | $312 | $1,058 |
| 2008 Chevrolet Corvette | $260 | $330 | $310 | $1,010 |
| 2007 Chevrolet Corvette | $256 | $322 | $304 | $992 |
| 2006 Chevrolet Corvette | $252 | $308 | $298 | $968 |
| 2005 Chevrolet Corvette | $230 | $292 | $294 | $926 |
| 2004 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 Find Affordable Chevrolet Corvette Insurance
Finding better rates on insurance for a Chevrolet Corvette not only requires being a low-risk driver, but also having a good credit score, being claim-free, and insuring your home and auto with the same company. Compare rates every other policy renewal by getting quotes from direct companies, and also from several local insurance agents.
The items below are a brief review of the ideas that were touched on above.
- Teen drivers pay higher prices, possibly costing $510 per month if comprehensive and collision insurance is included
- Drivers considered higher risk with DUI or reckless driving convictions pay on average $2,100 more each year to insure their Corvette
- Increasing policy deductibles can save approximately $975 each year
- You may be able to save as much as $230 per year simply by quoting online well ahead of the renewal date
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 | $6,122 |
| 20 | $4,140 |
| 30 | $1,936 |
| 40 | $1,814 |
| 50 | $1,646 |
| 60 | $1,616 |
Full coverage, $500 deductibles
Rates by Deductible
| Deductible | Premium |
|---|---|
| $100 | $2,452 |
| $250 | $2,156 |
| $500 | $1,814 |
| $1,000 | $1,486 |
Full coverage, driver age 40
Rates by Liability Limit
| Liability Limit | Premium |
|---|---|
| 30/60 | $1,814 |
| 50/100 | $2,426 |
| 100/300 | $2,490 |
| 250/500 | $2,658 |
| 100 CSL | $2,451 |
| 300 CSL | $2,593 |
| 500 CSL | $2,697 |
Full coverage, driver age 40
Rates for High Risk Drivers
| Age | Premium |
|---|---|
| 16 | $8,876 |
| 20 | $6,588 |
| 30 | $4,046 |
| 40 | $3,910 |
| 50 | $3,720 |
| 60 | $3,686 |
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 | $102 |
| Multi-vehicle | $91 |
| Homeowner | $22 |
| 5-yr Accident Free | $152 |
| 5-yr Claim Free | $121 |
| Paid in Full/EFT | $98 |
| Advance Quote | $98 |
| Online Quote | $136 |
| Total Discounts | $820 |
Discounts are estimated and may not be available from every company or in every state.
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