Chevy Corvette Insurance

Find out how much it costs to insure a Chevrolet Corvette per year, month, and insurance company.

Christine Lacagnina Written by Christine Lacagnina
Christine Lacagnina
Written by Christine Lacagnina

Christine Lacagnina has written thousands of insurance-based articles for TrustedChoice.com by authoring consumable, understandable content.

Updated
2020 Chevy Corvette.  Find Corvette Insurance.

The Chevrolet Corvette has maintained a special place in American car history for about 70 years. The concept for the Corvette was originally displayed as a "dream car" in 1953. To this day, the Corvette remains a dream car for many U.S. residents. If you're already a Corvette owner or looking to purchase your first, ensuring you have the proper car insurance is a must.

An independent insurance agent can help you find the right coverage for your Chevrolet Corvette if you're in need. You must have enough insurance to satisfy at least your state's minimum requirements. Here's an overview of Chevy Corvette insurance.

What Type of Insurance Do You Need for Your Chevy Corvette? 

Some types of car insurance coverage are optional, while others require a minimum amount purchased depending on the state you live in. In addition, most insurance companies will consider the Chevy Corvette a sports car, and you may be required to purchase sports car insurance. Your independent agent can make sure you have the proper coverage.

The following coverages are usually mandated:

  • Bodily injury liability: Covers costs of medical treatment for drivers and passengers in another vehicle you caused an accident with.
  • Property damage liability: Covers costs of repairs or replacement for a third party's property you damage or destroy with your vehicle. 
  • Uninsured motorist coverage: Covers costs of repairs for damage to your vehicle and other expenses if the at-fault driver doesn't carry any or enough car insurance of their own to compensate you adequately.
  • Personal injury protection: Covers costs of medical treatment for yourself and your passengers after an accident you're at fault for. 

Optional car insurance coverage: 

  • Collision: Pays for damage to your car from a collision with another driver, regardless of fault. 
  • Comprehensive: Pays for damage to your car due to a non-collision event such as a flood or theft.  
  • Glass coverage: Most windshield replacements are not worth going through your insurance but can still cost several hundred dollars. Glass coverage is an inexpensive endorsement and has no deductible for any glass repairs or full replacement.
  • Gap insurance: If you're financing or leasing your Chevy Corvette, you might want to consider purchasing gap coverage. This is an endorsement you add to your policy that pays the difference between your car's value and the amount owed to the financing company if you're involved in a total loss accident. 

You might want to add additional kinds of car insurance to your policy for a fuller picture of protection. A local independent insurance agent can help you build a Chevy Corvette car insurance policy that includes everything you need.

What Factors Affect the Cost of Insurance for Your Chevy Corvette?

Your car's make and model are just two factors that go into calculating car insurance costs. Other factors that affect the cost of Chevy Corvette insurance are:

  • The driver's marital status
  • The driver's location
  • Total annual mileage
  • The driver's record
  • The driver's credit score
  • The driver's age and gender

A local independent insurance agent can help you find affordable car insurance coverage for your Chevy Corvette from a reliable company in your town. 

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The Average Cost of Chevrolet Corvette Insurance

The average cost to insure a Chevy Corvette is $1,783 per year or $148.58 per month. Up next, we'll break down costs by model year and top-rated insurance company further.

Average Cost of Chevy Corvette Insurance by Model Year

2022 Chevy Corvette Insurance Cost

Top Insurance Companies Average Annual Cost
Travelers $1,310
Nationwide $1,221
Progressive $2,166
Allstate $2,904
Average cost to insure per month: Average cost to insure per year:
$158.35 $1,900.25

2021 Chevy Corvette Insurance Cost

Top Insurance Companies Average Annual Cost
Erie $1,748
Nationwide $2,686
Progressive $3,250
USAA $2,692
Travelers $2,230
Average cost to insure per month: Average cost to insure per year:
$210.10 $2,521.20

2020 Chevy Corvette Insurance Cost

Top Insurance Companies Average Annual Cost
Erie $1,816
Nationwide $1,204
Arbella $1,773
American Family $1,569
Vermont Mutual $1,328
Average cost to insure per month: Average cost to insure per year:
$128.17 $1,538.00

2019 Chevy Corvette Insurance Cost

Top Insurance Companies Average Annual Cost
Erie $1,667
Nationwide $1,284
Arbella $1,754
USAA $1,894
American Family $1,865
Average cost to insure per month: Average cost to insure per year:
$141.07 $1,692.80

How Much Does Car Insurance for My Older Model of Chevy Corvette Cost?

If you have an older model of Chevy Corvette, it still needs the right coverage. We broke down the average costs of car insurance for older models of Chevy Corvette by insurance carrier below.

2018 Chevrolet Corvette Insurance Cost

Top Insurance Companies Average Annual Cost
Erie $907
Nationwide $903
Progressive $1,294
USAA $1,056
Vermont Mutual $1,354
Average cost to insure per month: Average cost to insure per year:
$91.90 $1,102.80

2017 Chevrolet Corvette Insurance Cost

Top Insurance Companies Average Annual Cost
Erie $878
Nationwide $954
Progressive $1,272
USAA $1,194
Vermont Mutual $1,311
Average cost to insure per month: Average cost to insure per year:
$93.48 $1,121.80

2016 Chevrolet Corvette Insurance Cost

Top Insurance Companies Average Annual Cost
Erie $1,486
Nationwide $1,041
Arbella $1,393
American Family $1,437
Vermont Mutual $1,066
Average cost to insure per month: Average cost to insure per year:
$107.05 $1,284.60

2015 Chevrolet Corvette Insurance Cost

Top Insurance Companies Average Annual Cost
Erie $851
Nationwide $979
Progressive $1,221
USAA $1,458
Vermont Mutual $1,475
Average cost to insure per month: Average cost to insure per year:
$99.73 $1,196.80

2014 Chevrolet Corvette Insurance Cost

Top Insurance Companies Average Annual Cost
Erie $810
Nationwide $1,116
Progressive $1,455
USAA $1,250
Vermont Mutual $1,438
Average cost to insure per month: Average cost to insure per year:
$101.15 $1,123.80

2013 Chevrolet Corvette Insurance Cost

Top Insurance Companies Average Annual Cost
Erie $669
Nationwide $786
Progressive $1,097
USAA $983
Vermont Mutual $901
Average cost to insure per month: Average cost to insure per year:
$73.93 $887.20

2012 Chevrolet Corvette Insurance Cost

Top Insurance Companies Average Annual Cost
Erie $677
Nationwide $768
Plymouth Rock Assurance $1,089
USAA $763
Vermont Mutual $924
Average cost to insure per month: Average cost to insure per year:
$70.35 $884.20

2011 Chevrolet Corvette Insurance Cost

Top Insurance Companies Average Annual Cost
Erie $629
Nationwide $761
Arbella $1,007
American Family $697
Vermont Mutual $839
Average cost to insure per month: Average cost to insure per year:
$65.55 $786.60

How to Find the Best Chevy Corvette Insurance

Working together with an independent insurance agent is a great way to find the best Chevy Corvette insurance. These agents shop and compare quotes from multiple insurance companies in your area and present you with the options that only offer the best blend of coverage and cost. Better yet, they'll be there down the road for you if you ever need to file an insurance claim or update your coverage.

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