Gianetta Palmer is a writer, copywriter, and essayist. Her work has appeared in EverydayHealth.com, Healthline, and The Dyrt Magazine. She is the author of Scrunchie-Fried and writes a lot about car insurance in her spare time.

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Joel Ohman is the CEO of a private equity-backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He also has an MBA from the University of South Florid...

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Reviewed by Joel Ohman
Founder, CFP®

UPDATED: Jun 17, 2021

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Are you looking for a new or used Chevrolet Corvette? And wondering how much it costs to insure by year? We researched average annual car insurance costs for each model year and have compiled the results for you below.

Chevrolet Corvette car insurance facts

  • Average full coverage auto insurance premium: $180/month

  • Most affordable companies: GEICO ($135/month) & USAA ($140/month)

  • Corvette car insurance cost vs. average rates: $14 more expensive than the average vehicle

Explore the pricing information below to find how much it will cost you to insure your Chevy Corvette by model year and auto insurer.

Make sure to comparison shop before making a new car purchase to save money. 

Free Auto Insurance Comparison

Enter your ZIP code below to view companies that have cheap auto insurance rates.

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Below average Chevrolet Corvette insurer costs by state:

Risk factors affecting Chevrolet Corvette car insurance rates

The make and model of your vehicle, along with the year of manufacture, are the three most important factors in determining your car’s value, which in turn is the main factor in determining your car insurance premium. Your own personal driving history, age, marital status, credit scoretype of vehicle, coverage levels, and other personal factors are also important components of your rate.

How to save money on Chevy Corvette car insurance coverage?

Many driver discounts are available to people through most major auto insurance companies, such as

  • Student discounts

  • Safe drivers

  • Senior discounts

With all Chevrolet models, you can get the following car insurance discounts:

  • Passive restraint systems

  • Anti-lock brakes

  • Anti-theft devices

Chevrolet automobile brand

Chevrolet or referred to as Chevy, is a vehicle brand of General Motors specializing in popular, affordable cars for the United States market. The target market of Chevy is middle-class customers and the more affluent for higher-end models such as Cadillac. Chevrolet focuses on high quality, advanced technology, creative designs, and affordability. All Chevrolet automobiles have high safety ratings, with many of their cars getting “Top Safety Pick” and 5-star safety and crash test ratings from the National Highway Traffic Safety Administration (NHTSA). The Chevrolet Corvette, Tahoe, Silverado, and Suburban are some of their most popular vehicles.

Higher than average Chevy Corvette repair costs equal higher coverage rates

Many consumers are attracted to Chevrolet’s creative designs, increased fuel efficiency, and driver-assist technologies, like Chevy’s Enhanced Driver Alert Package. Automotive parts are common but generally more expensive than popular vehicles, like the ToyotaHonda, or Subaru. Repairing a Chevrolet is higher than average since repair parts are slightly more expensive. For this reason, many Chevrolets are going to have higher than average car insurance rates to similar cars in their class.

Rapid depreciation for Chevrolet Corvette affecting auto policies

Another factor to consider for Chevrolets is rapid depreciation, affecting auto insurance rates. As your vehicle’s value goes down each year, your auto policy could go down at each renewal. On the other hand, in an auto accident, you need repair parts that rarely go down in price for all Chevy models. This could put you in a difficult situation position since many car insurance companies will subtract depreciation from the amount paid for your insurance claim resulting in a situation where your claim payout doesn’t fully cover your repair cost.

High IIHS and NHTSA safety ratings decreasing car insurance rates for drivers

Chevrolets are known for their safety ratings, safety features, 5-star crash test ratings, driver-assist technologies such as the Driver Alert Technology Package, and lower auto insurance rates for drivers with a good driving record, sometimes getting 20% driver discounts for passive restraints and safety features for most Chevrolet models. The Chevrolet Equinox, Cruze, and Bolt EV are the Insurance Institute for Highway Safety (IIHS) “Top Safety Picks,” and the NHTSA consistently gives Chevy automobiles top safety ratings each year, lowering your car insurance costs.

AutoInsureSavings.org licensed car insurance agents to recommend comprehensive and collision coverage, uninsured motorist coverage, and roadside assistance for new Chevrolet automobile owners when buying a car insurance policy.

Make sure to shop around with multiple car insurance carriers before making a new car purchase.

2021 Chevrolet Corvette

Cheapest Insurance CompaniesAverage Annual Cost
21st Century $2604
Acuity$2743
Allstate$2416
American Family$2154
Erie$1835
GEICO$1620
Kentucky Farm Bureau$2503
Liberty Mutual$2077
Mercury$2361
Nationwide$2475
Progressive$1954
State Farm$2384
Tennessee Farmers$2254
Texas Farm Bureau$2380
The Hanover$2520
Travelers$2419
USAA$1711

Compare all 2021 Chevrolet Corvette rates

Average Cost to Insure Per Year

$2159

List Price

$59900

Trims Available

Stingray - Stingray Z51 - Grand Sport - Z06 - Engine: 6.2-liter V8 with 490 horsepower with Chevy Safe Assist driver technologies: forward collision warning (FCW) with pedestrian detection, automatic emergency braking (AEB), lane departure warning (LDW), lane-keeping assistance (LKA), a following distance indicator, IntelliBeam automatic high-beam headlights, Standard and passive safety features: Adaptive Cruise Control, Lane Departure Warning, Rear Cross-Traffic Alert, Lane Change Alert with Side Blind Zone Alert, Safety Alert Seat, Onstar Safety and Security, Airbags, Anti-lock brakes, Stability control, Airbags, and Pretensioners

2020 Chevrolet Corvette

Cheapest Insurance CompaniesAverage Annual Cost
21st Century $2563
Allstate$2216
American Family$1935
Erie$1654
Farmers$2385
GEICO$1516
Liberty Mutual$1842
Mercury$2054
Nationwide$2315
Progressive$1735
State Farm$2135
Tennessee Farmers$2034
Texas Farm Bureau$2112
The Hanover$2518
Travelers$2248
USAA$1580

Compare all 2020 Chevrolet Corvette rates

Average Cost to Insure Per Year

$2039

List Price

$58900

Trims Available

Stingray - Stingray Z51 - Grand Sport - Z06 - Engine: 6.2-liter V8 with 490 horsepower with Chevy Safe Assist driver technologies: forward collision warning (FCW) with pedestrian detection, automatic emergency braking (AEB), lane departure warning (LDW), lane-keeping assistance (LKA), a following distance indicator, IntelliBeam automatic high-beam headlights, Standard and passive safety features: Adaptive Cruise Control, Lane Departure Warning, Rear Cross-Traffic Alert, Lane Change Alert with Side Blind Zone Alert, Safety Alert Seat, Onstar Safety and Security, Airbags, Anti-lock brakes, Stability control, Airbags, and Pretensioners

2019 Chevrolet Corvette

Cheapest Insurance CompaniesAverage Annual Cost
21st Century $2544
Allstate$2215
American Family$1853
Erie$1640
GEICO$1436
Kentucky Farm Bureau$2490
Liberty Mutual$1802
Mercury$2016
Nationwide$2319
Progressive$1762
State Farm$2130
Tennessee Farmers$1926
Texas Farm Bureau$2049
The Hanover$2514
Travelers$2246
USAA$1480

Compare all 2019 Chevrolet Corvette rates

Average Cost to Insure Per Year

$1835

List Price

$55900

Trims Available

Stingray - Stingray Z51 - Grand Sport - Z06 - Engine: 6.2-liter V8 with 490 horsepower with Chevy Safe Assist driver technologies: forward collision warning (FCW) with pedestrian detection, automatic emergency braking (AEB), lane departure warning (LDW), lane-keeping assistance (LKA), a following distance indicator, IntelliBeam automatic high-beam headlights, Standard and passive safety features: Adaptive Cruise Control, Lane Departure Warning, Rear Cross-Traffic Alert, Lane Change Alert with Side Blind Zone Alert, Safety Alert Seat, Onstar Safety and Security, Airbags, Anti-lock brakes, Stability control, Airbags, and Pretensioners

2018 Chevrolet Corvette

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 1310
Acuity$ 1310
Allied$ 1176
Allied$ 1176
Country$ 1327
Country$ 1327
Erie$ 907
Erie$ 907
GEICO$ 698
GEICO$ 698
Nationwide$ 903
Nationwide$ 903
Plymouth Rock Insurance$ 1424
Plymouth Rock Insurance$ 1424
Progressive$ 1294
Progressive$ 1294
State Farm$ 1246
State Farm$ 1246
Tennessee Farmers$ 1315
Tennessee Farmers$ 1315
USAA$ 1056
USAA$ 1056
Vermont Mutual$ 1354
Vermont Mutual$ 1354

Compare all 2018 Chevrolet Corvette rates

Average Cost to Insure Per Year

$ 1401

List Price

$ 55495

Trims Available

Stingray - Stingray Z51 - Grand Sport - Z06

2017 Chevrolet Corvette

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 1320
Acuity$ 1320
Allied$ 1211
Allied$ 1211
Country$ 1346
Country$ 1346
Erie$ 878
Erie$ 878
GEICO$ 779
GEICO$ 779
Nationwide$ 954
Nationwide$ 954
Progressive$ 1272
Progressive$ 1272
State Farm$ 1307
State Farm$ 1307
Tennessee Farmers$ 1351
Tennessee Farmers$ 1351
Texas Farm Bureau$ 1154
Texas Farm Bureau$ 1154
USAA$ 1194
USAA$ 1194
Vermont Mutual$ 1311
Vermont Mutual$ 1311

Compare all 2017 Chevrolet Corvette rates

Average Cost to Insure Per Year

$2115

List Price

$55450

Trims Available

Base

2016 Chevrolet Corvette

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 1486
Acuity$ 1486
Allied$ 1219
Allied$ 1219
Erie$ 887
Erie$ 887
GEICO$ 992
GEICO$ 992
Nationwide$ 984
Nationwide$ 984
Plymouth Rock Insurance$ 1352
Plymouth Rock Insurance$ 1352
Progressive$ 1244
Progressive$ 1244
State Farm$ 1392
State Farm$ 1392
Tennessee Farmers$ 1316
Tennessee Farmers$ 1316
Texas Farm Bureau$ 1193
Texas Farm Bureau$ 1193
USAA$ 1520
USAA$ 1520
Vermont Mutual$ 1551
Vermont Mutual$ 1551

Compare all 2016 Chevrolet Corvette rates

Average Cost to Insure Per Year

$ 1494

List Price

$ 55400

Trims Available

Stingray - Stingray Z51 - Z06

2015 Chevrolet Corvette

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 1426
Acuity$ 1426
Allied$ 1204
Allied$ 1204
Erie$ 851
Erie$ 851
GEICO$ 1163
GEICO$ 1163
Nationwide$ 979
Nationwide$ 979
Plymouth Rock Insurance$ 1287
Plymouth Rock Insurance$ 1287
Progressive$ 1221
Progressive$ 1221
State Farm$ 1171
State Farm$ 1171
Tennessee Farmers$ 1463
Tennessee Farmers$ 1463
Texas Farm Bureau$ 1189
Texas Farm Bureau$ 1189
USAA$ 1458
USAA$ 1458
Vermont Mutual$ 1475
Vermont Mutual$ 1475

Compare all 2015 Chevrolet Corvette rates

Average Cost to Insure Per Year

$ 1434

List Price

$ 55000

Trims Available

Stingray - Stingray Z51 - Z06

2014 Chevrolet Corvette

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 1382
Acuity$ 1382
Allied$ 1103
Allied$ 1103
Country$ 1592
Country$ 1592
Erie$ 810
Erie$ 810
Nationwide$ 1116
Nationwide$ 1116
Plymouth Rock Insurance$ 1201
Plymouth Rock Insurance$ 1201
Progressive$ 1455
Progressive$ 1455
State Farm$ 1281
State Farm$ 1281
Tennessee Farmers$ 1482
Tennessee Farmers$ 1482
Texas Farm Bureau$ 970
Texas Farm Bureau$ 970
USAA$ 1250
USAA$ 1250
Vermont Mutual$ 1438
Vermont Mutual$ 1438

Compare all 2014 Chevrolet Corvette rates

Average Cost to Insure Per Year

$ 1505

List Price

$ 53000

Trims Available

Stingray - Stingray Z51

2013 Chevrolet Corvette

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 862
Acuity$ 862
Allied$ 983
Allied$ 983
Arbella$ 1097
Arbella$ 1097
Country$ 884
Country$ 884
Erie$ 669
Erie$ 669
GEICO$ 511
GEICO$ 511
Nationwide$ 786
Nationwide$ 786
State Farm$ 809
State Farm$ 809
Tennessee Farmers$ 893
Tennessee Farmers$ 893
Texas Farm Bureau$ 866
Texas Farm Bureau$ 866
USAA$ 983
USAA$ 983
Vermont Mutual$ 901
Vermont Mutual$ 901

Compare all 2013 Chevrolet Corvette rates

Average Cost to Insure Per Year

$ 1066

List Price

$ 49600

Trims Available

Base - Z16 Grand Sport - Z06 - 427 Collector Edition - ZR1

2012 Chevrolet Corvette

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 892
Acuity$ 892
Allied$ 849
Allied$ 849
Country$ 948
Country$ 948
Erie$ 677
Erie$ 677
GEICO$ 581
GEICO$ 581
Nationwide$ 768
Nationwide$ 768
Plymouth Rock Insurance$ 1089
Plymouth Rock Insurance$ 1089
State Farm$ 1092
State Farm$ 1092
Tennessee Farmers$ 961
Tennessee Farmers$ 961
Texas Farm Bureau$ 845
Texas Farm Bureau$ 845
USAA$ 763
USAA$ 763
Vermont Mutual$ 924
Vermont Mutual$ 924

Compare all 2012 Chevrolet Corvette rates

Average Cost to Insure Per Year

$ 1115

List Price

$ 49525

Trims Available

Base - Z16 Grand Sport - Z06 - ZR1

2011 Chevrolet Corvette

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 972
Acuity$ 972
Allied$ 816
Allied$ 816
Arbella$ 1007
Arbella$ 1007
Country$ 855
Country$ 855
Erie$ 629
Erie$ 629
GEICO$ 536
GEICO$ 536
Nationwide$ 761
Nationwide$ 761
State Farm$ 982
State Farm$ 982
Tennessee Farmers$ 892
Tennessee Farmers$ 892
Texas Farm Bureau$ 801
Texas Farm Bureau$ 801
USAA$ 697
USAA$ 697
Vermont Mutual$ 839
Vermont Mutual$ 839

Compare all 2011 Chevrolet Corvette rates

Average Cost to Insure Per Year

$ 1051

List Price

$ 49045

Trims Available

Base - Z16 Grand Sport - Z06 - ZR1