How much does Corvette insurance cost?
The average Corvette insurance cost is $140 a month, but you can get Corvette car insurance rates as low as $90 a month. Nationwide and Allied are two of the cheapest auto insurance companies for Corvettes. However, Corvette auto insurance rates depend on where you live and your insurance company.
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Michael Leotta
Insurance Operations Specialist
Michael earned a degree in Business Management with an insurance focus, which led to a successful 25-year career in insurance claims operations and support. He possesses a high-level of business acumen across multiple areas of the insurance industry. Over the course of his career, he served in multiple roles supporting claims operations including: Claims Specialist, Claims Trainer, Claim Automatio...
Insurance Operations Specialist
UPDATED: Mar 26, 2024
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Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Mar 26, 2024
It’s all about you. We want to help you make the right car insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.
Our car insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different car insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- Corvette car insurance can be as low as $90 a month
- Nationwide and Allied are the cheapest car insurance companies for Corvettes
- Teens and young adults pay the most for car insurance
Corvettes are one of the most popular sports cars in the United States. The latest-model-year Corvettes have values over $50,000. Getting car insurance quotes for a Corvette is easy, but how much is insurance on a Corvette? Which companies provide affordable Corvette insurance rates? Don’t worry – we’re here to answer these questions and more. Our guide has everything you need to know about car insurance for a Corvette, including which companies have the cheapest Corvette car insurance and what age group pays the least for Corvette insurance.
Continue reading to learn all about Corvette insurance cost. Enter your ZIP code in our free comparison tool above if you’re ready to see quotes from the best insurance companies near you.
How much does Corvette car insurance cost?
On average, Corvette auto insurance is around $140 per year, which is about $21 more than most vehicles.
Corvettes are more expensive than some cars because they’re sports models and are considered more collectible than most sedans. On average, four-door and two-door vehicles cost $20,000 to $45,000. The latest Corvette is valued at $50,000 or more. As the manufacturer suggested retail price (MSRP) increases, auto insurance rates are driven higher.
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Which companies provide the most affordable Corvette car insurance?
Corvettes are one of Chevrolet’s luxury vehicles. Therefore, insurance on a Corvette is more expensive than the national average ($90 a month).
The average Corvette auto insurance cost is $50 more than the national average. However, you can buy Corvette car insurance for a low price if you shop around.
Let’s see how the best car insurance companies estimate insurance rates for Corvettes:
Chevrolet Corvette Car Insurance Rates by Company
| Companies | Average Monthly Rates |
|---|---|
| Allied | $115 |
| Allstate | $142 |
| Geico | $140 |
| Nationwide | $92 |
| Progressive | $143 |
| State Farm | $173 |
| USAA | $122 |
Nationwide and Allied are the most affordable insurance companies for Corvettes. Meanwhile, Geico, Allstate, and Progressive all meet around an average for Corvette car insurance rates. State Farm is the most expensive, but you could get cheaper rates depending on personal factors and where you live.
How much are Corvette car insurance rates by model year?
Your Corvette’s model year is one of the main factors that determine your monthly rates. The latest-model-year Corvettes tend to have more expensive auto insurance rates because the vehicles have higher values than older models. Let’s look at Corvette insurance costs based on model year:
Average Monthly Corvette Car Insurance Rates by Model Year
| Model Year and Vehicle | Average Monthly Rates |
|---|---|
| 2022 Chevrolet Corvette | $157 |
| 2021 Chevrolet Corvette | $152 |
| 2020 Chevrolet Corvette | $148 |
| 2019 Chevrolet Corvette | $158 |
| 2018 Chevrolet Corvette | $146 |
| 2017 Chevrolet Corvette | $142 |
| 2016 Chevrolet Corvette | $146 |
| 2015 Chevrolet Corvette | $137 |
| 2014 Chevrolet Corvette | $100 |
| 2013 Chevrolet Corvette | $108 |
The 2022 Corvette has the highest car insurance rates, and the 2014 Corvette currently has the lowest. The 2014 Chevy Corvette is cheaper than the 2013 Corvette because of its safety features. Safety and anti-theft features generate more affordable auto insurance rates for any vehicle. Much older Corvettes have cheaper rates overall due to their relative age. For example, 2005 Corvette insurance costs about $83 per month.
Does trim level affect Corvette car insurance quotes?
Yes, it does. Each Corvette trim level has unique features. Some Corvettes have the bare essentials while others provide luxury features like a convertible hard-top roof, Wi-Fi radio, OnStar, etc.
So what is Corvette insurance like for different trim levels? Let’s examine the latest estimates to find out:
Monthly Chevrolet Corvette Car Insurance Cost by Trim Level
| Chevrolet Corvette Trim Level | Average Monthly Rates |
|---|---|
| Stingray 1LT Coupe | $133 |
| Stingray 2LT Coupe | $144 |
| Stingray 3LT Coupe | $151 |
| Stingray 1LT Convertible | $164 |
| Stingray 2LT Convertible | $171 |
| Stingray 3LT Convertible | $178 |
Corvette coupes are more affordable than Corvette convertibles. You’ll pay around $40 more for Corvette car insurance when your trim is a convertible. Even with different trims, your insurance rates may vary when you look at quotes from multiple companies. (For more information, read our “Car Insurance for Convertibles“).
How does Corvette car insurance compare to other sports cars?
Chevrolet Corvette isn’t the only popular sports car in America. How does Corvette auto insurance compare to that of most sports cars in the United States? We researched estimates from various luxury vehicles in the nation and created a list of their monthly rates. (For more information, read our “Best Car Insurance Companies for Old Sports Cars“).
Here’s what we found:
Monthly Rates for Chevrolet Corvette vs Sports Cars
| Rank | Make/Model | Average Monthly Rates | Difference |
|---|---|---|---|
| 1 | Mazda MX-5 Miata | $108 | -$49 |
| 2 | Ford Mustang | $132 | -$25 |
| 3 | BMW Z4 | $135 | -$22 |
| 4 | Subaru WRX | $142 | -$15 |
| 5 | Toyota GR86 | $146 | -$11 |
| 6 | Toyota GR Supra | $149 | -$8 |
| 7 | Audi TT | $152 | -$5 |
| 8 | Subaru BRZ | $157 | -$4 |
| 9 | Chevrolet Corvette | $157 | $0 |
| 10 | BMW M3 | $162 | $5 |
| 11 | Porsche 718 | $169 | $12 |
| 12 | Chevrolet Camaro | $173 | $16 |
| 13 | Lexus RC F | $177 | $20 |
| 14 | Dodge Challenger | $178 | $21 |
| 15 | Mercedes-Benz AMG GT53 | $181 | $24 |
| 16 | Jaguar F-Type | $189 | $32 |
| 17 | Porsche Taycan | $194 | $37 |
| 18 | Porsche 911 | $199 | $42 |
| 19 | BMW M4 | $199 | $42 |
| 20 | Lexus LC 500 | $206 | $49 |
The Chevrolet Corvette is ranked number nine for cheapest auto insurance among luxury vehicles in America. The Mazda MX-5 Miata and Ford Mustang have more affordable car insurance rates. Lexus LC 500 and BMW M4 have the most expensive insurance rates.
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Does age determine my Corvette car insurance?
Yes, it does. Age indicates driving experience and overall risk. Statistically, teens and young adults take more risks while driving, and they’re more likely to be attached to an auto insurance claim. Therefore, car insurance companies issue higher rates to young drivers in an effort to balance out the risk of an accident. Auto insurance is the most expensive for drivers between 16 and 20. Corvette insurance for an 18-year-old is likely to be more costly than Corvette insurance for a 20-year-old.
Let’s see how much it would cost for teens and young adults to insure a Chevrolet Corvette:
Chevrolet Corvette Car Insurance Rates by Age
| Ages | Average Monthly Rates |
|---|---|
| 16 | $586 |
| 17 | $519 |
| 18 | $457 |
| 19 | $327 |
| 20 | $292 |
Teen drivers (between 16 and 19 years old) pay the most for insurance per month. You won’t see a significant change in Corvette auto insurance cost until age 20. Young drivers can get less expensive rates if they ask their parents or legal guardians to add them to an existing policy.
Read more: How much does insurance cost for a 20-year-old?
Is Corvette insurance cheaper in certain states?
Yes, it is. Michigan and Louisiana are the most expensive states for auto insurance. Depending on which state you live in, your Corvette insurance rate could vary by several hundred dollars. North Carolina, California, and Iowa have more affordable rates for Chevrolet Corvettes.
Corvette Insurance: The Bottom Line
The Chevrolet Corvette is a popular luxury vehicle that costs as low as $83 a month to insure in some states, but you’ll likely pay between $90 and $150 per month for Corvette insurance rates. Ultimately, your Corvette auto insurance rates are determined by your driving record, the state where you live, your Corvette’s trim level, and your Corvette’s model year.
Now that you know more about Corvette insurance costs, use our free comparison tool below to compare multiple insurance companies in your area.
Frequently Asked Questions: Corvette Insurance Cost
Are you interested in learning more about Corvette auto insurance? Read these answers to frequently asked questions to learn more.
#1 — Are Corvettes expensive to insure?
It depends on your situation. Corvettes are expensive to insure in general, but specific factors can get you cheaper rates.
#2 — How much does it cost to insure a 2021 Corvette?
Car insurance for a 2021 Chevy Corvette is $152 per month.
#3 — How much is insurance on a Corvette for a 16-year-old driver?
Corvette car insurance for a 16-year-old driver is around $586 a month from certain companies.
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Michael Leotta
Insurance Operations Specialist
Michael earned a degree in Business Management with an insurance focus, which led to a successful 25-year career in insurance claims operations and support. He possesses a high-level of business acumen across multiple areas of the insurance industry. Over the course of his career, he served in multiple roles supporting claims operations including: Claims Specialist, Claims Trainer, Claim Automatio...
Insurance Operations Specialist
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.