Mathew B. Sims is Editor-in-Chief and has authored, edited, and contributed to several books. He has been working in the insurance industry ensuring content is accurate for consumers who are searching for the best policies and rates. He has also been featured on sites like UpJourney.

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Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years (BBB A+). He is licensed as an agent to write property and casualty insurance, including home, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. He reviews content, ensuring that ex...

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Reviewed by Daniel Walker
Licensed Auto Insurance Agent

UPDATED: Jun 25, 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 $271 more expensive than the average vehicle. High-risk drivers could pay up to $545 per month for auto insurance. Continue reading to learn how you can save $738 per year on Chevrolet Corvette insurance rates.

You can start comparing quotes for Chevrolet Corvette insurance rates from some of the best auto insurance companies by using our free online tool now.

Chevrolet Corvette Insurance Cost

The average Chevrolet Corvette auto insurance costs 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, Mercedes-Benz S450, and Mercedes-Benz CLS 550.

Vehicle Comprehensive Collision Liability Total
Chevrolet Corvette $494 $922 $264 $1,790
Audi A6 $382 $744 $398 $1,682
Mercedes-Benz S450 $494 $982 $398 $2,032
Mercedes-Benz CLS 550 $432 $952 $398 $1,940
Lexus ES 350 $362 $656 $316 $1,470
Audi A8 $464 $900 $390 $1,912
Audi A7 $406 $834 $398 $1,796
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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 auto 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
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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 Jacksonville may pay $1,074 a year more than drivers in Indianapolis.

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

Chevrolet Corvette Safety Ratings

Your Chevrolet Corvette insurance rates are influenced by the Chevrolet Corvette’s safety ratings. See the breakdown below:

Test Type Rating
Small overlap front: driver-side Not Tested
Small overlap front: passenger-side Not Tested
Moderate overlap front Not Tested
Side Not Tested
Roof strength Not Tested
Head restraints and seats Not Tested
Source: Insurance Institute for Highway Safety
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Chevrolet Corvette Crash Test Ratings

Poor Chevrolet Corvette crash test ratings could mean higher Chevrolet Corvette 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
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Chevrolet Corvette Safety Features

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

  • Active handling stability control improves traction and enhances vehicle stability
  • Traction control, all-speed
  • Daytime running lamps
  • HD Rear Vision Camera
  • Rear Park Assist
  • Airbags, frontal and side-impact, driver and passenger with Passenger Sensing System (Always use seat belts and child restraints. Never place an infant or child restraint seat in the front seat, even if the airbag is off. See the Owner’s Manual for more information.)
  • Teen Driver a configurable feature that lets you activate customizable vehicle settings associated with a key fob, to help encourage safe driving behavior. It can limit certain available vehicle features, and it prevents certain safety systems from being turned off. An in-vehicle report card gives you information on driving habits and helps you to continue to coach your new driver
  • OnStar and Chevrolet connected services capable (Terms and limitations apply. See onstar.com or dealer for details.)

Chevrolet Corvette Insurance Loss Probability

The Chevrolet Corvette’s insurance loss ratio varies between different coverage types. While some types of insurance loss ratios are higher for the Chevrolet Corvette, others are more favorable and lead to lower insurance rates.

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, you will pay more if you purchase Chevrolet Corvette auto insurance at the dealership, so be sure to shop around and compare Chevrolet Corvette insurance rates from the best companies using our FREE tool below.

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Enter your ZIP code below to view companies that have cheap auto insurance rates.

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Ways to Save on Chevrolet Corvette Insurance

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

  • Ask About Loyalty Discounts
  • Audit Your Chevrolet Corvette Driving When You Move to a New Location or Start a New Job
  • Take Public Transit Instead of Driving Your Chevrolet Corvette
  • Ask About Discounts for People with Disabilities
  • Buy Winter Tires for Your Chevrolet Corvette

Top Chevrolet Corvette Insurance Companies

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

You can start comparing quotes for Chevrolet Corvette insurance rates from some of the best auto insurance companies by using our free online tool now.