The annual full coverage car insurance cost for a Chevrolet Corvette ranges from $1,206 to $7,619. Rates vary greatly based on the car's model year, age, where you park, driving history, coverage level and insurer. This MoneyGeek article breaks down Corvette insurance costs and coverage, offering insights into the best companies and affordable options.
Chevrolet Corvette Insurance Cost
Updated: March 12, 2025
Key Takeaways
GEICO offers the most affordable minimum coverage for all Chevrolet Corvette model years at $420 annually.
The average yearly cost of minimum coverage for a Chevrolet Corvette is $504, while full coverage averages $1,735.
To ensure reliable and comprehensive insights into insurance costs, MoneyGeek analyzed data and 2,689 Chevrolet Corvette quotes from Quadrant Information Services.
Chevrolet Corvette Insurance Rates
What Is the Average Chevrolet Corvette Car Insurance Cost?
The average cost of full coverage insurance on a Chevrolet Corvette is $145 per month or $1,735 per year, based on a 40-year-old male driver with a clean record. Minimum coverage averages $42 monthly or $504 annually.
| Minimum Coverage | $504 |
| Full Coverage | $1,735 |
Chevrolet Corvette Insurance Costs by Company
Chevrolet Corvette insurance costs range from $1,237 to $2,822 per year, depending on age, model year and coverage level. The table below compares average Chevrolet Corvette insurance rates with averages for all vehicles from several national and midsize providers.
| Allstate | $2,390 | $1,805 | 32% |
| Auto-Owners | $1,237 | $1,226 | 1% |
| Farmers | $2,337 | $1,951 | 20% |
| GEICO | $1,700 | $1,329 | 28% |
| Kemper | $2,822 | $2,206 | 28% |
| Nationwide | $1,278 | $1,589 | -20% |
| Progressive | $2,042 | $1,740 | 17% |
| State Farm | $1,714 | $1,265 | 35% |
| Travelers | $1,340 | $1,522 | -12% |
| USAA | $1,538 | $1,196 | 29% |
Read more: Best Car Insurance Companies
Cost of Insuring a Chevrolet Corvette by Model Year
The year your Chevrolet Corvette was made can affect your insurance rates, with older models often costing less to insure. For example, a 2022 Corvette has an annual full coverage rate of $1,908, while insuring a 2014 model costs $1,574. Below are the average full and minimum coverage rates for each Corvette production year.
| 2022 | $507 | $1,908 |
| 2021 | $510 | $1,862 |
| 2020 | $493 | $1,820 |
| 2019 | $519 | $1,785 |
| 2018 | $522 | $1,743 |
| 2017 | $521 | $1,704 |
| 2016 | $517 | $1,665 |
| 2015 | $518 | $1,615 |
| 2014 | $519 | $1,574 |
Chevrolet Corvette Insurance Costs by Driver Age
Chevrolet Corvette insurance rates vary significantly with driver age. For example, a 40-year-old pays an average of $1,742 annually for full coverage, while a 16-year-old pays about $7,619. Below are the average minimum and full coverage rates for Corvette drivers of various ages.
| 16 | $2,289 | $7,619 |
| 17 | $1,876 | $6,216 |
| 18 | $1,636 | $5,472 |
| 19 | $1,169 | $3,903 |
| 20 | $1,051 | $3,552 |
| 21 | $841 | $2,869 |
| 22 | $770 | $2,643 |
| 23 | $715 | $2,464 |
| 24 | $678 | $2,343 |
| 25 | $595 | $2,078 |
| 26 | $584 | $2,028 |
| 27 | $570 | $1,983 |
| 28 | $560 | $1,951 |
| 29 | $552 | $1,923 |
| 30 | $533 | $1,846 |
| 35 | $519 | $1,779 |
| 40 | $514 | $1,742 |
| 45 | $509 | $1,713 |
| 50 | $497 | $1,658 |
| 55 | $484 | $1,609 |
| 60 | $485 | $1,604 |
| 65 | $515 | $1,624 |
| 70 | $558 | $1,735 |
| 75 | $618 | $1,902 |
| 80 | $698 | $2,107 |
| 85 | $755 | $2,263 |
| 90 | $797 | $2,370 |
Chevrolet Corvette Insurance Rates Explained
Some factors affect a driver's car insurance rates based on their profiles. However, insurers also consider factors tied to your car. Below is a breakdown of vehicle-related cost factors, including make, model, age and safety features.
Chevrolet Corvette Rates vs. National Average
All Vehicles
Average Full Coverage Rate
$1,296Chevrolet Corvette
Average Full Coverage Rate
$1,735Premiums for Chevrolet Corvette are:$439 more
This is 34% more expensive.
Value
The Chevrolet Corvette’s $86,645 MSRP classifies it as a luxury sports car, which may result in higher insurance costs due to its high value.
Repair costs
The annual repair cost for a Chevrolet Corvette is $737, below the national average. However, the cost and availability of parts, labor costs and waiting times can influence insurance rates.
Performance
With 490 horsepower and a 0-to-60 time of 2.8 seconds, the Chevrolet Corvette is a high-performance vehicle. Insurers may associate this with risky behavior, potentially raising insurance costs.
Vehicle age
Newer cars like the Chevrolet Corvette are typically more expensive to insure than older vehicles. However, collector and classic vehicles can be exceptions, often costing more to insure.
Vehicle size
Larger vehicles often have higher insurance costs due to increased property damage risk. At 3,535 lbs, the Chevrolet Corvette may cost more to insure than smaller cars.
Trim level
Higher trim levels with premium upgrades increase the MSRP, making insurance for a higher-trim Chevrolet Corvette costlier than the base model.
Theft rates
Vehicles at higher risk of theft, like the Chevrolet Corvette, which has a theft rate of 116, may have higher insurance rates due to their increased risk.
Cheapest Chevrolet Corvette Insurance
GEICO offers the cheapest Chevrolet Corvette insurance at $420 per year for minimum coverage, based on a 40-year-old male with a clean driving record. Below is a breakdown of the most affordable car insurance rates across coverage levels, age groups, driving records, model years and more.
Cheapest Chevrolet Corvette Insurance by Coverage Level
Your coverage level significantly impacts your Chevrolet Corvette insurance cost. GEICO provides the cheapest average rate for minimum coverage, while Nationwide offers the most affordable full coverage. Below is a breakdown of the lowest-cost providers for each coverage type.
Cheapest Chevrolet Corvette Minimum Coverage
GEICO offers the cheapest minimum coverage for Chevrolet Corvette owners at $35 monthly. Other affordable options include State Farm and Travelers, both at $38, and Nationwide at $40.
| USAA | $29 | $353 |
| GEICO | $35 | $420 |
| Travelers | $38 | $452 |
| State Farm | $38 | $459 |
| Nationwide | $40 | $482 |
| Farmers | $45 | $542 |
| Progressive | $49 | $590 |
| Allstate | $51 | $606 |
*GEICO offers non-military-affiliated Chevy Corvette owners the lowest average minimum coverage insurance rate. USAA is the most affordable option for military-affiliated drivers.
Best Chevrolet Corvette Insurance Rates by Model Year
The above list doesn't account for the model production year, so lower rates may be available depending on your vehicle's age. Filter the table below to find the cheapest minimum coverage rates for every Chevrolet Corvette production year.
Data filtered by:Results filtered by:
Select
Model Year:2014
| Allstate | $614 | $51 |
| Farmers | $539 | $45 |
| GEICO | $424 | $35 |
| Nationwide | $502 | $42 |
| Progressive | $625 | $52 |
| State Farm | $437 | $36 |
| Travelers | $465 | $39 |
| USAA | $347 | $29 |
*USAA is available only to military veterans, active service members and their families.
Cheapest Full Coverage Chevrolet Corvette Insurance
Nationwide offers the most affordable full coverage for a Chevrolet Corvette at $1,206 annually or $101 monthly. Below is the full list of Corvette full coverage car insurance providers and rates.
| Nationwide | $101 | $1,206 |
| Travelers | $109 | $1,313 |
| USAA | $121 | $1,448 |
| GEICO | $134 | $1,612 |
| State Farm | $137 | $1,645 |
| Progressive | $163 | $1,953 |
| Farmers | $178 | $2,135 |
| Allstate | $189 | $2,270 |
Cheapest Chevrolet Corvette Insurance by Age
Young drivers aged 16 to 25 and seniors 55+ often pay higher insurance rates. Below is a breakdown of the cheapest Chevrolet Corvette insurance options by age.
Cheapest Chevrolet Corvette Insurance for Young Drivers
Travelers offers the cheapest Chevrolet Corvette insurance for drivers aged 16 to 25 at $76 monthly or $913 annually. Below is the complete list of the most affordable car insurance options for young drivers.
| USAA | $60 | $720 |
| Travelers | $76 | $913 |
| GEICO | $80 | $956 |
| State Farm | $84 | $1,004 |
| Nationwide | $101 | $1,209 |
| Allstate | $113 | $1,351 |
| Farmers | $119 | $1,428 |
| Progressive | $142 | $1,707 |
*Travelers is the cheapest insurer for young non-military-affiliated drivers. USAA is the most affordable option for military-affiliated drivers.
Cheapest Chevrolet Corvette Insurance for Seniors
GEICO offers the cheapest car insurance for seniors, with rates as low as $41 monthly or $490 annually. Below is the full list of affordable Chevrolet Corvette insurers for drivers aged 55 and up.
| USAA | $39 | $465 |
| GEICO | $41 | $490 |
| State Farm | $42 | $504 |
| Travelers | $45 | $535 |
| Nationwide | $47 | $564 |
| Progressive | $60 | $721 |
| Allstate | $61 | $729 |
| Farmers | $61 | $733 |
*GEICO is the cheapest insurer for non-military-affiliated senior drivers. USAA is the most affordable option for military-affiliated drivers.
Cheapest Chevrolet Corvette Insurance After an Accident
State Farm, Travelers and GEICO are the most affordable car insurance providers after an accident. See the complete list of the cheapest options for Chevrolet Corvette drivers below.
| USAA | $44 | $528 |
| State Farm | $48 | $576 |
| Travelers | $51 | $614 |
| GEICO | $54 | $648 |
| Nationwide | $59 | $707 |
| Allstate | $68 | $814 |
| Progressive | $78 | $934 |
| Farmers | $89 | $1,071 |
Chevrolet Corvette Insurance Cost: Bottom Line
Regularly comparing rates from different providers can help you find the most affordable car insurance. This article covered Chevrolet Corvette insurance, including costs across various demographic groups and the cheapest providers.
Chevrolet Corvette Insurance Rates: FAQ
Below are answers to common questions about Chevrolet Corvette insurance costs to help you understand what you might expect to pay.
What company has the cheapest car insurance for a Chevrolet Corvette?
GEICO offers the cheapest car insurance for a Chevrolet Corvette, with an annual minimum coverage rate of $420.
What is the average cost of car insurance for a Chevrolet Corvette?
The average cost of minimum auto insurance for a Chevrolet Corvette is $504, while the annual full coverage rate is $1,735.
Chevrolet Corvette Insurance Ratings: Our Review Methodology
MoneyGeek analyzed data and 2,689 Chevrolet Corvette quotes from Quadrant Information Services.
Drivers and Cars
MoneyGeek used a sample driver profile with the following characteristics to calculate the average rates for insuring a Chevrolet Corvette:
- 40-year-old male
- Clean driving record
- 12,000 miles driven annually
We also modified the sample driver profile to determine Chevrolet Corvette insurance rates for different age groups, driving records and model years. MoneyGeek collected data for the following model years:
- 2012
- 2013
- 2014
- 2015
- 2016
- 2017
- 2018
- 2019
- 2020
- 2021
- 2022
If data on specific model years wasn't available, our data scientists estimated rates based on how insurers typically price car models each year. The published rates are estimates and may not reflect the rate you'll receive for your Chevrolet Corvette.
Coverage Levels
Each state differs in minimum coverage requirements, so our rates are a combination of minimum coverage policies in the states where we gathered our data.
MoneyGeek’s analysis also includes average rates for a full coverage policy that includes comprehensive and collision coverage (with a $1,000 deductible) and the following increased liability coverage limits:
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $100,000 property damage liability per accident
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.