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Chevrolet Corvette insurance rates

Average Chevrolet Corvette insurance rates

Roslyn McKenna
Roslyn McKenna

Updated

Fact checked
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The average insurance costs for a Chevrolet Corvette is $238 a month — or $2,856 a year. With the average insurance rate at $2,856 per year, the annual insurance cost–to–base car price ratio is 5.2%. Your actual cost could be more or less depending on your driving record, the number of miles you drive in a year and other factors.

Why is insurance so expensive for the Chevrolet Corvette?

The Chevrolet Corvette costs more to insure because it’s a sports car known for having a strong engine made for high speeds. Insurance companies consider this high risk and raise premiums. Also, there is no universal Corvette safety rating which effects insurance premiums.

About the Chevrolet Corvette

The Chevrolet Corvette has been around since 1953 and is currently in its seventh generation. The luxury sports car is known for its strong engine and athletic handling. In 2014, the Chevrolet Corvette was named the North American Car of the Year. The 2017 model has not been evaluated by the Insurance Institute for Highway Safety or the National Highway Traffic Safety Administration for safety ratings.

Chevrolet Corvette money-saving safety features

You could save money on car insurance for your Chevrolet Corvette if it comes equipped with these safety features.

  • Anti-lock brakes
  • Stability control
  • Airbags
  • Seatbelt pretensioners
  • Anti theft system

How does the Chevrolet Corvette compare to other car models?

From a price standpoint, the Chevrolet Corvette ranks right in the middle of our list of the 360 priciest car models to insure.

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