Chevrolet Corvette Car Insurance: How Much Should You Expect to Pay?

Chevrolet Corvette owners pay around $200 monthly for their car insurance, on average. Our complete guide will provide the information you need to know about how much insurance carriers might charge you to insure your Chevrolet Corvette.

Quick Facts

  • A Chevrolet Corvette is less expensive to insure compared to the average car.

  • Liability car insurance for a Corvette comes in at about $63 a month, while full coverage usually tends to be around $163.

  • The lowest auto insurance carrier for a Corvette is Mile Auto, who offers rates as cheap as $38 per month.

Corvette Overview

With a base price of $58,900 for new 2021 models, the Chevrolet Corvette is a high-end vehicle that is more expensive than your average car. With three different trim levels currently available, every driver can find an option to match their style.

Based on analyzing thousands of insurance quotes from Compare.com, we've found that Chevrolet Corvette car insurance prices run about $200 a month, on average. But how does that compare to other cars on the market?

Current Base Price$58,900
Body Style(s)Car
Trim LevelsSTINGRAY 3LT, STINGRAY 1LT, STINGRAY 2LT
Average Insurance Premium$200/mo.
Cheapest Insurance CompanyMile Auto

How Much is Car Insurance for a Chevrolet Corvette?

Vehicle Liability Only Full Coverage
Chevrolet Corvette$63$163
All Chevrolet Models$78$165
All Cars$83$177
Average Insurance Premium$81$169

In the table above, you'll find that compared to other vehicles on the road, Chevrolet Corvette insurance premiums are around average. On average, Corvette drivers can expect to pay about $163 per month for full coverage, which has comprehensive and collision coverages in addition to liability, and about $63 monthly for liability only insurance (check out our guide, "State Minimum vs. Full Coverage", to learn more about these different types of insurance).

Compared to other models from Chevrolet, the Corvette's insurance premium is in line with the rest of the manufacturer's vehicle offerings. But compared to other vehicles of a similar body style, Corvette coverage is below average, with both full coverage and liability only insurance averaging less expensive rates than other cars.

When compared to all vehicles of any body type, insurance premiums for both liability only and full coverage policies run more affordable than average.

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Who has the Cheapest Car Insurance for a Chevrolet Corvette?

Insurance Company Average Monthly Premium
Dairyland$33
Clearcover$37
Mercury$37
Mile Auto$38
Foremost$46

Are you looking for a car insurance policy for your Chevrolet Corvette? You probably want to know which company offers the lowest rates. While costs will typically be pretty different from person to person, the lowest average rates for liability only coverage are sometimes just $33 per month from Dairyland. With car insurance as little as $37 a month, Clearcover is the next cheapest auto insurance carrier.

Finishing off the rest of the top 5 are Mercury, Mile Auto, and Foremost. That being said, just because these five companies offer the lowest average rates doesn't necessarily mean they'll be the cheapest for you.

Auto insurance carriers take multiple different things into consideration when calculating monthly premiums. By pulling quotes from several insurance companies at once, you can rest easy knowing that you're finding the most affordable rate.

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What Factors Affect Car Insurance Rates for a Chevrolet Corvette?

There are a range of factors that auto insurance carriers reference to choose how much to charge you -- and every company weighs different factors more heavily than others, so there's not just one carrier that's the lowest for everyone.

Here are just a few of the variables car insurers will look at, with individual breakdowns of how each one affects your rates:

Vehicle Age

Vehicle Age Average Monthly Premium
Less than 1 Year$53
2-3 Years$118
4-5 Years$61
6-7 Years$75
8-10 Years$57
11-14 Years$62
15 Years or Older$62

The Chevrolet Corvette has been around for a while -- that means vehicle age can make a difference in what you end up paying for car insurance. Generally, it costs less to insure older cars because they're worth less than newer models, and as cars age, insurance costs will gradually get lower.

Based on the information in the table above, the Chevrolet Corvette does not follow this trend, as the most expensive models to insure are those that are 2 to 3 years old, while the cheapest Corvettes are 1 year old or less, on average.

Your Age

Age Average Monthly Premium
Under 18$272
18-24$108
25-34$59
35-44$51
45-54$46
55-64$45
65 or Older$46

Your age is another variable that makes a big difference in how much you pay for auto insurance. As you can see above, older Corvette drivers have less expensive prices compared to young drivers. Chevrolet Corvette drivers under 18 actually pay over three times as much as those 25 or older.

Car insurance prices continue to go lower as you get older, with the cheapest age group for Corvette drivers being 55-64.

Your Gender

Gender Average Monthly Premium
Male$65
Female$54

Because women are less likely to get speeding tickets and get into accidents, they are less likely to file a claim with insurance. So, insurance companies will tend to offer women more affordable premiums. When it comes to Corvette drivers specifically, women pay around $54 monthly for car insurance and men pay about $65.

Where You Live

State Average Monthly Premium
California$47
Florida$113
Georgia$95
Illinois$42
New York$167
North Carolina$38
Ohio$43
Pennsylvania$49
Texas$51
Virginia$42

You may think it's obvious that things such as how old you are and what vehicle you drive play a role in your insurance prices, but did you know that where you live can matter just as much? Since auto insurance is regulated on the state level and not nationally, rates shift quite a bit depending on what state you live in.

For example, the average Chevrolet Corvette owner from New York pays around $167 per month for liability coverage, while the same driver from California will pay less than 50% of that price, on average. The chart above shows average prices for the top 10 most populous states, just to give you a good idea of how much rates can change across states.

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Chevrolet Corvette Car Insurance Discounts

Regardless of your home state, your car, or your age, it's always the smart move to take advantage of as many insurance discounts as possible when shopping around for a policy.

Not every car insurance company will offer the same discounts, but there are a few that are relatively common. These include discounts like:

  • Pay-in-full discounts for drivers who agree to pay their entire policy price up front, rather than in monthly installments
  • Multi-policy discounts for using the same insurance carrier for both your home and car insurance
  • Multi-vehicle discounts for adding more than one car to your auto policy
  • Defensive driving discounts for taking a defensive driving class through a certified school or institution

These are just a few of the discounts auto insurance carriers offer, and sometimes, the best way to get great rates is to work on your overall insurance profile.

Of course, you can't control every single aspect of your car insurance profile (like some of the pieces we mentioned above), but you can control some of it. Below are just a few of the ones you can use to your advantage when it comes to saving money:

Your Driving Record

Infractions Average Monthly Premium
1 Accident$90
Multiple Accidents$91
1 Ticket$74
Multiple Tickets$109

You've no doubt noticed ads from insurance companies promoting hefty discounts for responsible drivers. And you probably wouldn't be surprised that your car insurance premiums will increase if you get into an accident or get a speeding ticket. But exactly how much will these infractions cost you?

You can tell from the table above that accidents will usually cost Corvette drivers more than tickets, but both will result in higher than normal rates. Chevrolet Corvette drivers with one accident on their record pay an average of $90 each month (up $27 from the $63/mo. overall average), while drivers with a single ticket will pay about $74 a month. The rates only get higher the more tickets you get or collisions you have.

How Much You Drive

Annual Mileage Average Monthly Premium
0-2,500 Miles$57
2,501-5,000 Miles$47
5,001-7,500 Miles$60
7,501-10,000 Miles$72
10,000+ Miles$66

The total amount of miles you drive annually plays a role in your insurance prices. Drivers who are on the roads less often are less likely to get tickets, so they'll typically end up spending less on auto insurance. In the table above, you can see that Chevrolet Corvette owners who drive fewer than 2,500 miles every year pay about $57 per month for insurance, while those who put 10,000 miles or more on their cars pay $66.

If you don't use your Chevrolet Corvette to travel or commute regularly, you might consider getting a usage-based or pay-per-mile auto insurance policy. With these policies, you pay a small base rate each month, with your final monthly bill being calculated based on how many miles you drove.

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How Do Chevrolet Corvettes Compare to Other Vehicles?

If you're considering buying a Chevrolet Corvette, you might want to know how it compares to other cars. Insurance is just one cost that comes with a new car purchase, but it's guaranteed to be one that's worth thinking about carefully.

Review the table below to see how the Chevrolet Corvette stacks up:

Chevrolet Corvette National Average
Liability Insurance$39$81
Full Coverage Insurance$209$169
Base MSRP$58,900$46,179
Average Annual Mileage10,29111,660

With an MSRP that's a quarter more than the going rate for a new vehicle, the Chevrolet Corvette is on the more expensive side when it comes to price. At $58,900, the Corvette price comes in above the national average MSRP of $46,179.

Full coverage insurance for a Chevrolet Corvette is about $40 per month more than average, while liability only coverage is over $40 cheaper monthly.

However, it is worth noting that the Corvette owners tend to drive their cars less than the average American driver, with only 10,291 annual miles for the average owner.

Chevrolet Corvette Car Insurance Costs by Model Year

We've gone over many of the variables that can affect how much the average driver pays to insure a Chevrolet Corvette. If you're considering purchasing a new Corvette, knowing how much your vehicle will likely cost can be extremely valuable as you weigh your options.

For this reason, we've broken down Chevrolet Corvette car insurance rates by model year. Choose a model year from the dropdown below to see average rates for both liability only and full coverage options, as well as some other helpful info, such as cheapest insurance company available trims for each Corvette model year.

2021 Chevrolet Corvette Car Insurance

   
Liability Only Avg. Premium$39
Full Coverage Avg. Premium$209
Base MSRP$58,900
Cheapest Insurance CompanyMercury - $25/mo.
Available TrimsSTINGRAY 1LT, STINGRAY 2LT, STINGRAY 3LT

It costs around $39 per month, on average, to insure a 2021 Chevrolet Corvette for liability only and $209 monthly for full coverage. And if you want the most affordable insurance possible, Mercury offers liability only policies for as little as just $25 a month.

Even though it's helpful to know how much the average driver pays for insurance, there's no way to know exactly how much you'll pay without getting a personalized quote. With Compare.com, you can get a variety of quotes at once, all for free. Just enter your ZIP code below, answer a few questions, and you'll be unlocking your best rates in minutes.

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2020 Chevrolet Corvette Car Insurance

   
Liability Only Avg. Premium$49
Full Coverage Avg. Premium$238
Base MSRP$58,900
Cheapest Insurance CompanyMercury - $26/mo.
Available TrimsSTINGRAY 1LT, STINGRAY 2LT, STINGRAY 3LT

If you're looking to buy a 2020 Corvette or already own one, you can expect an average insurance rate of about $49 for liability or $238 for full coverage.

And if you're just looking for the cheapest auto insurance for your Corvette, Mercury offers liability only policies for as cheap as just $26 monthly.

If you want to know just how much your price will be, just enter your ZIP code below and get several free quotes in minutes.

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2019 Chevrolet Corvette Car Insurance

   
Liability Only Avg. Premium$68
Full Coverage Avg. Premium$221
Base MSRP$55,900
Cheapest Insurance CompanyDairyland - $26/mo.
Available TrimsGRAND SPORT 1LT, GRAND SPORT 2LT, GRAND SPORT 3LT, STINGRAY 1LT, STINGRAY 2LT, STINGRAY 3LT, STINGRAY Z51 1LT, STINGRAY Z51 2LT, STINGRAY Z51 3LT, Z06 1LZ, Z06 2LZ, Z06 3LZ, ZR-1 1ZR, ZR-1 3ZR

You can expect full coverage for a 2019 Corvette to run around $221 a month, while liability only coverage will average about $68 per month.

With premiums sometimes as cheap as $26 monthly, Dairyland offered the lowest policy we found.

If you want more accurate quotes of how much you can expect to pay, just enter your ZIP code below and get free quotes in minutes.

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2018 Chevrolet Corvette Car Insurance

   
Liability Only Avg. Premium$53
Full Coverage Avg. Premium$198
Base MSRP$55,495
Cheapest Insurance CompanySafeco - $32/mo.
Available TrimsGRAND SPORT 1LT, GRAND SPORT 2LT, GRAND SPORT 3LT, STINGRAY 1LT, STINGRAY 2LT, STINGRAY 3LT, STINGRAY Z51 1LT, STINGRAY Z51 2LT, STINGRAY Z51 3LT, Z06 1LZ, Z06 2LZ, Z06 3LZ

On average, drivers who own a 2018 Chevrolet Corvette can expect to pay $53 to $198 a month for liability only and full coverage car insurance, respectively.

If you're looking for the lowest possible 2018 Chevrolet Corvette insurance policy, Safeco offered the cheapest policy we found, with rates sometimes as low as $32 per month.

Want to find the most affordable rates? Just enter your ZIP code below to get multiple personalized quotes for free.

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2017 Chevrolet Corvette Car Insurance

   
Liability Only Avg. Premium$178
Full Coverage Avg. Premium$289
Base MSRP$55,450
Cheapest Insurance CompanyClearcover - $28/mo.
Available TrimsGRAND SPORT 1LT, GRAND SPORT 2LT, GRAND SPORT 3LT, STINGRAY 1LT, STINGRAY 2LT, STINGRAY 3LT, STINGRAY Z51 1LT, STINGRAY Z51 2LT, STINGRAY Z51 3LT, Z06 1LZ, Z06 2LZ, Z06 3LZ

It costs around $178 a month for liability or $289 for a full coverage policy for the 2017 Corvette.

Looking for the cheapest policy? Clearcover offered liability only coverage for sometimes as little as $28 per month.

If you want to know just how much your rate will be, just enter your ZIP code below and get free quotes in minutes.

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2016 Chevrolet Corvette Car Insurance

   
Liability Only Avg. Premium$76
Full Coverage Avg. Premium$193
Base MSRP$55,400
Cheapest Insurance CompanyClearcover - $21/mo.
Available TrimsSTINGRAY 1LT, STINGRAY 2LT, STINGRAY 3LT, STINGRAY Z51 1LT, STINGRAY Z51 2LT, STINGRAY Z51 3LT, Z06 1LZ, Z06 2LZ, Z06 3LZ

The average cost to insure a 2016 Chevrolet Corvette with liability only coverage is $76 monthly, while full coverage runs about $193 a month.

With rates as low as just $21 monthly, Clearcover offered the lowest policy we found for the 2016 Chevrolet Corvette.

Want to figure out exactly what you'll be asked to pay? Get lots of free personalized quotes by just entering your ZIP code below.

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2015 Chevrolet Corvette Car Insurance

   
Liability Only Avg. Premium$66
Full Coverage Avg. Premium$164
Base MSRP$55,000
Cheapest Insurance CompanyCommonwealth Casualty - $18/mo.
Available TrimsSTINGRAY 1LT, STINGRAY 2LT, STINGRAY 3LT, STINGRAY Z51 1LT, STINGRAY Z51 2LT, STINGRAY Z51 3LT, Z06 1LZ, Z06 2LZ, Z06 3LZ

2015 Corvette drivers can expect to pay an average of $66 per month for liability or $164 for full coverage.

Commonwealth Casualty has premiums as low as $18 a month for the 2015 Chevrolet Corvette.

If you want to find the best prices for auto insurance for a 2015 Chevrolet Corvette, enter your ZIP code below and compare a multitude of personalized quotes in just a few minutes.

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2014 Chevrolet Corvette Car Insurance

   
Liability Only Avg. Premium$78
Full Coverage Avg. Premium$168
Base MSRP$53,000
Cheapest Insurance CompanyClearcover - $17/mo.
Available TrimsSTINGRAY 1LT, STINGRAY 2LT, STINGRAY 3LT, STINGRAY Z51 1LT, STINGRAY Z51 2LT, STINGRAY Z51 3LT

On average, drivers who own a 2014 Chevrolet Corvette can expect to pay $78 to $168 per month for liability only and full coverage car insurance, respectively.

Clearcover offered the most affordable policy we found, with rates as cheap as $17 monthly.

Want to know exactly how much you'll pay? Just enter your ZIP code below to get several customized quotes for free.

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2013 Chevrolet Corvette Car Insurance

   
Liability Only Avg. Premium$79
Full Coverage Avg. Premium$211
Base MSRP$49,600
Cheapest Insurance CompanyLiberty Mutual - $16/mo.
Available Trims427, CORVETTE, GRAND SPORT, Z06, ZR-1

It costs around $79 per month for liability or $211 for a full coverage policy for the 2013 Corvette.

We found Liberty Mutual offered the cheapest policy, with rates as cheap as just $16 a month.

And if you want more accurate rates tailored specifically to you, just enter your ZIP code below and get free quotes in minutes.

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2012 Chevrolet Corvette Car Insurance

   
Liability Only Avg. Premium$57
Full Coverage Avg. Premium$176
Base MSRP$49,600
Cheapest Insurance CompanyClearcover - $20/mo.
Available TrimsCORVETTE, GRAND SPORT, Z06, ZR-1

The average cost to insure a 2012 Chevrolet Corvette with liability only coverage is $57 monthly, while full coverage runs about $176 per month.

If you're looking for the most affordable 2012 Chevrolet Corvette insurance policy, Clearcover offered the most affordable policy we found, with rates sometimes as little as $20 monthly.

If you want more accurate quotes of how much you can expect to pay, get free quotes in minutes by just entering your ZIP code below.

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2011 Chevrolet Corvette Car Insurance

   
Liability Only Avg. Premium$50
Full Coverage Avg. Premium$157
Base MSRP$49,045
Cheapest Insurance CompanyMetLife - $22/mo.
Available TrimsCORVETTE, GRAND SPORT, Z06, ZR-1

2011 Corvette drivers can expect to pay an average of $50 a month for liability or $157 for full coverage.

We found MetLife offered the lowest policy, with rates sometimes as cheap as $22 monthly.

Want something more accurate than national averages? Just enter your ZIP code below to get lots of free customized quotes.

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2010 Chevrolet Corvette Car Insurance

   
Liability Only Avg. Premium$53
Full Coverage Avg. Premium$195
Base MSRP$48,930
Cheapest Insurance CompanyCoverhound - $19/mo.
Available TrimsCORVETTE, GRAND SPORT, Z06, ZR-1

You can expect full coverage for a 2010 Chevrolet Corvette to run around $195 a month, while liability only coverage will average about $53 per month.

Coverhound has rates as little as just $19 a month for the 2010 Chevrolet Corvette.

If you want to know exactly how much you can expect to pay for your Corvette, get free quotes in minutes by just entering your ZIP code below.

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Chevrolet Corvette Insurance FAQs

Is a Chevrolet Corvette expensive to insure?

Liability insurance runs an average of $63 per month, while full coverage will cost you around $163. The Chevrolet Corvette is relatively cheap to insure compared to the average vehicle.

How can I get the best price on car insurance for my Chevrolet Corvette?

There's only one way to ensure you're getting the most affordable rates -- regularly shopping around and getting quotes. Over time, your driver profile changes, so it's a good rule of thumb to review quotes every 6 months or so. Luckily, sites like Compare.com let you compare prices from a bunch of carriers at once, meaning you can find the lowest rates (or guarantee you already have the best deal) for free.

Does the color of my Chevrolet Corvette affect my insurance premiums?

Have you heard the old adage that red cars cost more to insure than cars of other colors before? Well, that's actually a myth. There are a whole bunch of factors insurance companies consider when they decide your auto insurance premium, but the color of your car is not factored into that equation.

Do I need to have insurance before I buy a Chevrolet Corvette?

Before you can legally drive your new (or new to you) Chevrolet Corvette off the dealership lot, you'll need to have an insurance policy in place. Some dealerships might offer you an auto insurance policy as part of the car-buying process, but your best bet is letting your insurance carrier know ahead of time.

What car insurance discounts can I get for my Chevrolet Corvette?

There are a wide array of discounts out there when it comes to car insurance. Many of them (like "multi-policy discounts" and "safe driver discounts") are based less on your vehicle and more on you, but if your Corvette has safety features like airbags, anti-lock brakes, anti-theft systems, and other features, it may be eligible for certain discounts. The only way to be certain is to contact your insurance company and ask about their discounts.

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