We pulled car insurance quotes from top insurance companies to find that the average monthly cost to insure a Chevrolet Corvette is $262.78 a month — or $3,153.36 a year. However, your actual costs depend on your driving history, vehicle model and year, ZIP plus other factors. And some older models may cost less to insure than others depending on which safety features your vehicle has and which insurer you choose.
Model Year
Progressive
Geico
State Farm
Farmers
Average
2011 Chevrolet Corvette
$163.08
$125.81
$181.21
$186.03
$164.03
2016 Chevrolet Corvette
$198.42
$153.05
$228.49
$310.50
$222.62
2021 Chevrolet Corvette
$242.77
$195.85
$265.73
$346.77
$262.78
How we got these rates
Our rates are based on a single 30-year-old driver with a clean driving history living in California. California is one of seven states that doesn’t use gender to determine car insurance costs. We chose full coverage car insurance with liability limits that exceed the California state minimum requirements, which include:
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.
Antilock 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.
Roslyn McKenna Ayers is insurance manager at ValuePenguin and a former publisher at Finder, specializing in home and auto coverage. Her expertise and analysis has been featured on Bankrate, MSN and Reader's Digest. She holds a BA in writing and communications from Maryville College.
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