Chevy Corvette Insurance Rates & Discounts

Chevy Corvette Insurance Rates on average, yearly insurance costs $2,856 per year, resulting in a 5.2 percent annual insurance cost–to–base car price ratio for the majority of cars on the market. It is possible that your actual cost will be more or lower than this, depending on your driving record, the number of miles you travel in a year, and other factors.

How Much Does Chevy Corvette Car Insurance Cost?

The average insurance rate for a Chevrolet Corvette is $238 per month, or $2,856 per year, for the model year 2004. On average, yearly insurance costs $2,856 per year, resulting in a 5.2 percent annual insurance cost–to–base car price ratio for the majority of cars on the market. It is possible that your actual cost will be more or lower than this, depending on your driving record, the number of miles you travel in a year, and other factors.

Chevrolet Corvette Specs

Chevy Corvette Insurance Rates & Discounts - Chevrolet LOgo

Originally introduced in 1953, Chevrolet Corvettes are presently in their seventh generation of production and are sold worldwide. Known for its strong engine and nimble handling, the high-end sports vehicle is highly sought for.

The Chevrolet Corvette was named North American Car of the Year in 2014, and it is still in production. When it comes to safety ratings, neither the Insurance Institute for Highway Safety nor the National Highway Traffic Safety Administration has completed their analyses of the 2021 model year.

What is it about the Chevrolet Corvette that makes insurance so expensive?

Because it is a sports car with a powerful engine designed for high speeds, the Chevrolet Corvette is more expensive to insure than other cars. Insurance companies view this as a high-risk situation and boost premiums accordingly. Furthermore, there is no uniform Corvette safety rating that can be used to determine insurance prices.

Safety features on the Chevrolet Corvette that save you money

If your Chevrolet Corvette is equipped with the following safety features, you may be able to save money on your auto insurance premium.

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

Check out our review of Chevy Camaro insurance rates and discounts for more details.

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Matt Barnes
Matt Barnes is a former insurance agent in Texas. He currently works at b5media as director of business development. He lives in San Diego, California with his wife and two daughters.
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