Chevrolet Corvette Insurance

Find out how much it’ll cost you to insure an Chevrolet Corvette and how you can save on your premiums.

Updated

Fact checked
Promoted

Get Chevrolet Corvette insurance quotes

Quotezone WL logo
  • Save up to £283* on your car insurance
  • 97% of reviewers recommend Quotezone
  • Compare over 110 insurance providers
Get a quote

There are few cars as iconic as the Chevrolet Corvette. If you’re looking for something fast, sleek, and efficient, the Corvette is certainly appealing. The first version of the Corvette was released all the way back in 1953, and since has undergone seven revamping phases in order to keep the vehicle up-to-date with the latest technology and innovations.

Read on to find out how much it’ll cost you to insure your Corvette, and how you can save on your premiums.

Average insurance rates for the Chevrolet Corvette

Our research indicates that you can insure your Corvette for an average of £175.05 per month, or, if you’d prefer, a single annual payment of approximately £1860.78.

We used the following information as a baseline for our insurance inquiries:

  • The driver was identified as a thirty-year-old male teacher from Exeter, who requested comprehensive cover on their insurance document.
  • The driver was the only person covered in the insurance policy.
  • The vehicle was the only one owned by the driver.
  • The vehicle was used for social, domestic, pleasure, and commuting purposes.
  • The driver was in line with the national average of 10,000 miles every year.
  • The vehicle was secured in a public car park during day and on a driveway during the night.
  • The vehicle was unmodified.
  • The driver maintained a five-year record with no claims and no convictions, motoring or otherwise.

Factors that could determine your insurance rate

Most of the factors stated above can affect your insurance rates. Below, you’ll find our insight about some of the top factors that can affect your insurance premiums.

  • Insurance companies will request personal information from you, including age, sex, marital status, geographical location, and credit history.
  • Do you pay for your insurance monthly or annually?
  • How does your driving line up alongside the national average of 10,000 miles per year?
  • Are you the only one driving the vehicle?
  • Is the vehicle secure? This one is key. Insurers will seek to know whether you have invested in any extra security or safety measures, and where the car is parked both at night and during the day.

How could I bring down my premiums?

Above, you’ll see that we outlined some of the main factors affecting premiums in the UK. But we’re not here to just tell you about them! Below we’ve suggested some ways you can use the above factors to your advantage, to keep your premiums down.

  • Personal info. Whilst a lot of your personal information is either impossible or inappropriate to change for the sake of an insurance quote, your credit history may be important. Try your best to maintain a good credit history, alongside a relatively clean sheet when it comes to your no-claims discount and history of convictions.
  • Annual payments. If possible, consider making the switch from paying your premiums monthly to paying them in a lump annual sum. Our research indicates this may save you a sizeable sum of approximately £239.84 every year.
  • Mileage. Do you regularly find yourself jutting up to or exceeding 10,000 miles a year? This may add to your premiums. Try to keep your driving to a necessary minimum. Not only will you be helping the planet, you’ll be saving yourself money – and not just in petrol!Where do you keep your car parked when you aren’t using it? Insurance premiums will look more favourably on drivers who keep their car secured, either in a garage or a secure car park.
  • Drivers on the policy. Make sure that only regular drivers are stated on the insurance policy. You can always come back later and add an extra driver if they need to drive the car, for instance a student home from university for the holidays.
  • Safety, security, and modifications. Make sure the only modifications you seek to install on your Corvette are to enhance the safety and security of either the occupants or the vehicle. Others, particularly racing modifications (although, why are you trying to make a Corvette faster?) will be judged poorly and your costs may increase.

Facts about the Chevrolet Corvette

  • The Corvette is the official sports car of the U.S. state of Kentucky, where it is manufactured.
  • The name ‘Corvette’ is taken from the Corvette-class of warship, traditionally the smallest and most manoeuvrable variant.
  • The Corvette emerged victorious in the 2014 North American Car of the Year awards.

Safety and the Chevrolet Corvette

While the current Corvette model has yet to be crash tested by Euro NCAP and similar bodies, earlier models of the Corvette received good reviews.

In terms of safety and security features, the Corvette is fitted with front and side-impact airbags, as well as seatbelt pretensioners and an ignition disable device to prevent all but the original key from starting the vehicle. Ask your insurer what extra safety and security features you can add in return for lower premiums.

The offers compared on this page are chosen from a range of products we can track; we don't cover every product on the market...yet. Unless we've indicated otherwise, products are shown in no particular order or ranking. The terms "best", "top", "cheap" (and variations), aren't product ratings, although we always explain what's great about a product when we highlight it; this is subject to our terms of use. When making a big financial decision, it's wise to consider getting independent financial advice, and always consider your own financial circumstances when comparing products so you get what's right for you.
*51% of consumers could save £283.97 on their Car Insurance. The saving was calculated by comparing the cheapest price found with the average of the next five cheapest prices quoted by insurance providers on Seopa Ltd’s insurance comparison website. This is based on representative cost savings from August 2020 data. The savings you could achieve are dependent on your individual circumstances and how you selected your current insurance supplier.

More guides on Finder

  • Courier van insurance

    Find out what van insurance for courier drivers includes, who it’s for and how to save on your policy.

  • Peugeot 108 insurance group

    Find out which insurance group the Peugeot 108 falls under and how much it costs to insure.

  • Multi bike insurance

    Consider your options with multi motorcycle insurance and learn about ways to save on your insurance premiums.

  • Lexus IS200 insurance group

    Find out which insurance group the Lexus IS200 falls under and how much it costs to insure.

  • Lexus CT200 insurance group

    Find out how much it could cost to insure the Lexus CT200 based on your age and location.

  • MG ZR insurance group

    Find out which insurance group the MG ZR falls under and how much it costs to insure.

  • MG3 insurance group

    Find out how much it could cost to insure the MG3 based on your age and location.

  • Daewoo Matiz insurance group

    Find out which insurance group the Daewoo Matiz falls under and how much it costs to insure.

  • Student gadget insurance

    Find out what gadget insurance for students includes, who qualifies for it and how to find the best cover for you at the best price.

  • Peugeot 3008 insurance group

    Find out which insurance group the Peugeot 3008 falls under and how much it costs to insure.

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site