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 including full coverage. Comprehensive insurance costs an estimated $516 each year, collision insurance costs $930, and liability is estimated at $258. A policy with only liability insurance costs approximately $306 a year, and a high-risk policy costs $3,910 or more. 16-year-old drivers pay the most at up to $6,122 a year.
Average premium for full coverage: $1,814
Premium estimates broken down by type of coverage:
Rates are based on $500 comprehensive and collision deductibles, liability limits of 30/60, and includes medical/PIP and uninsured motorist coverage. Rates include averaging for all 50 U.S. states and Corvette models.
Insurance Price Range by Risk and Coverage
Using a 40-year-old driver as an example, insurance rates for a Chevrolet Corvette range from as low as $306 for liability-only coverage to a high rate of $3,910 for a driver that may need high-risk insurance.
Insurance Price Range by Location
Living in a larger city can make a big difference on the price of auto insurance. More rural locations are statistically proven to have a lower frequency of comprehensive and collision claims than congested cities. The graphic below illustrates how rural and urban location affects insurance prices.
These rate differences highlight why all drivers should get quotes for a targeted area and risk profile, instead of making a decision based on rate averages.
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 Charts and Tables
The chart below breaks down average Chevrolet Corvette insurance rates for other coverage scenarios.
- The best full coverage rate is $994
- Choosing higher $1,000 deductibles can save approximately $328 every year
- The average rate for a 40-year-old good driver who has $500 deductibles is $1,814
- Buying low deductibles for comp and collision coverage will cost an extra $638 annually
- Higher-risk drivers with multiple tickets or accidents could pay up to $3,910
- An auto insurance policy for full coverage for a 16-year-old driver can cost as much as $6,122 each year
Car insurance prices for a Chevrolet Corvette also have a wide range based on your driving characteristics, the model of your Corvette, and liability limits and deductibles.
More mature drivers with no driving violations and high deductibles may pay as low as $1,700 annually on average, or $142 per month, for full coverage. Prices are highest for drivers in their teens, where even good drivers will be charged at least $6,100 a year. View Rates by Age
Where you choose to live plays a big part in determining prices for Chevrolet Corvette insurance prices. A good driver about age 40 could pay as low as $1,390 a year in states like Vermont, New Hampshire, and Missouri, or at least $2,580 on average in Louisiana, New York, and Michigan.
| 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% |
Opting for high physical damage deductibles can save as much as $970 annually, whereas increasing liability limits will increase premiums. Changing from a 50/100 limit to a 250/500 limit will cost up to $232 extra every 12 months. View Rates by Deductible or Liability Limit
If you have a few violations or tend to cause accidents, you are likely paying $2,100 to $2,800 extra annually, depending on your age. Insurance for high-risk drivers ranges from 46% to 130% more than the average rate. View High Risk Driver Rates
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 the Best Cheap Chevrolet Corvette Insurance
Finding better rates on insurance for a Chevrolet Corvette takes avoiding accidents and violations, having above-average credit, refrain from filing small claims, and possibly higher deductibles. Set aside time to shop around once a year by requesting quotes from direct car insurance companies like Progressive, GEICO, and Esurance, and also from your local independent and exclusive agents.
The list below is a quick review of the data that was raised in the charts and tables above.
- You may be able to save approximately $230 per year just by quoting online in advance
- Insureds who want higher liability limits will pay around $280 per year to raise limits from 30/60 bodily injury limits to 250/500 limits
- Teenagers have the highest car insurance prices, with the cost nearing $510 per month if full coverage is included
- Drivers considered higher risk with a DUI or reckless driving violation may pay on average $2,100 more annually for car insurance
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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