Is a Corvette expensive to insure?

The average cost of full coverage insurance for a Corvette is higher than the national average. This is likely because Corvettes are sports cars with poor crash test ratings, high MSRPs and powerful engines. Sports car drivers are also seen as more likely to engage in risky driving behavior by many insurance companies. If you're interested in purchasing a Corvette, you may want to explore car insurance quotes to see how the cost of coverage may factor into your vehicle budget.

How can I save money on Corvette car insurance?

Corvette car insurance can be expensive, but choosing a higher deductible can help bring premiums down without skimping on coverage. But, keep in mind that this will raise your out-of-pocket expenses if you need to file a claim. As a rule of thumb, your deductible should always be an amount of money you can comfortably pay out at a moment's notice.

Are Corvettes considered sports cars?

Yes, the Corvette is considered a sports car. With a lightweight, aerodynamic design, the Corvette’s fiberglass construction is designed for speed. Some upgraded Corvette models may even be classified as supercars.

Car Insurance for Chevrolet Corvette

How much does it cost to insure a Corvette?

If you're in the market for a Corvette, you might want to brace yourself for higher insurance costs. Chevrolet Corvette car insurance costs, on average, $292 per month for full coverage — that's 31 percent more more than the national average. A minimum coverage policy for the Corvette is on the cheaper end of the spectrum at $57 per month, 14 percent less than the national average.

Car insurance companies consider a variety of factors when pricing your policy. Some of these are unique to you, like your driving record, age or years of driving experience, where you live and your credit history (in most states). The type of car you drive also plays an important role in what you pay for your coverage. Additionally, things like how much your car costs to fix, its safety features and crash ratings can all impact your premium.

$3,502 Avg annual full coverage
insurance premium

$689 Avg annual min coverage
insurance premium

Manufacturer's suggested retail price (MSRP): $68,300

Trims available: 1LT, 2LT and 3LT

Repair costs

Corvettes are high-performance vehicles, and the parts and systems may be difficult to find and expensive to replace. Specialty parts and labor typically correspond with higher insurance rates.

Safety features

Although the small size of a Corvette lends itself to greater risk for the driver and passenger, modern Corvettes do have some safety features that may help improve crash outcomes. These include an electronic stability system, blind spot alerts and parking assist.

Crash ratings

The 2025 Corvette was not crash-tested by the National Highway Traffic Safety Association (NHTSA) or Insurance Institute for Highway Safety (IIHS). This isn't uncommon for sports cars and other specialty vehicles.

Cheapest car insurance companies for a Corvette

Not all car insurance companies are the same. For the most part, auto insurers all look at the same factors when pricing your policy, like your driving record, prior insurance, where you live and your credit history (in most states). Car insurance companies differ in how they weigh those factors to calculate your rate, which is why the best way to find the cheapest car company is to compare quotes.

How much does it cost to insure my Corvette?

Bankrate rounded up average rates from some of the cheapest Chevrolet Corvette car insurance companies to help you get started.

2023 Corvette car insurance premium by carrier


Nationwide	$1,680	- $1,822
Auto-Owners	$2,104	- $1,398
The General	$2,258	- $1,244
Travelers	$2,303	- $1,199
Progressive	$2,743	- $759

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This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

Insurance disclosure

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

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Powered by Coverage.com (NPN: 19966249)

Advertising disclosure

This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

Insurance disclosure

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

Other car insurance coverage for a Corvette

In every state except New Hampshire, you'll need a car insurance policy. Each state has its own minimum coverage requirements, but oftentimes, a minimum coverage car insurance policy doesn't offer sufficient financial protection. Your car insurance policy can help you out in more ways than you might think. For broader protection, consider these endorsements:

New car replacement: This coverage can replace your totaled model with a new version, so you do not have to deal with finding a pre-owned model similar to the one you lost.
Roadside assistance: Low-riding Corvettes are best towed on a flatbed truck, which can cost a bit more than front-wheel towing, so this may be applicable for Corvette drivers.
Collision coverage: Collision coverage pays to repair your vehicle after an accident, even when you're found at-fault.
Comprehensive coverage: Called other-than-collision coverage, this type of coverage allows you to file claims for non-accident-related losses like vehicle theft and vandalism.

How to get a Corvette car insurance quote

You can get an insurance quote for your car online, over the phone or in person, depending on the insurer. If you're in the market for a new vehicle, comparing quotes before you sign on the dotted line can help you determine how different models would fit into your budget. Here’s a step-by-step guide to gathering and comparing quotes:

Gather personal details: You’ll likely be asked to provide your name, address, date of birth and driver’s license number, as well as the make, model and year of your car — and potentially the vehicle identification number (VIN). If you haven't purchased a car yet, you may be able to get sample quotes by providing an agent with the make and model.
Use online quote tools: To expedite the process of shopping around, you might consider using comparison websites or apps that allow you to get quotes from multiple insurers at once. Alternatively, go directly to insurance company websites and use their online quote tools to receive personalized quotes.
Provide driver details and mileage: You could be asked for specific details about your vehicle, including add-on features or modifications. You might also need to provide your average annual mileage and how the vehicle is primarily used (e.g., for business purposes or personal use). Additionally, you’ll need to provide accurate information about all drivers who will be covered by the policy, including their driving history, age and relationship to you.
Review quotes: Compare the quotes you receive, paying attention to coverage options, limits, deductibles and overall cost. Insurance experts also recommend reviewing customer service scores, financial strength ratings, digital tools and customer reviews to get a holistic view of how a carrier will meet your needs.
Select carrier and apply: Choose the insurance policy that best fits your needs and budget. Complete the application process by providing any additional required information and making your first premium payment.

Compare Corvette with other similar models

Chevrolet Corvette Stingray Avg annual full coverage premium $3,502 Read More	Ford Mustang Avg annual full coverage premium $3,528 Read More	Jaguar F-Type Avg annual full coverage premium $5,175 See more models
Price (MSRP)
$68,300	$31,920	$77,900
NHTSA Safety rating The NHTSA uses a 5-star rating program to evaluate how vehicles perform in crash tests based on frontal, side and rollover collisions.
Not rated	5 stars	Not rated
Gas mileage
19 combined mpg	26 combined mpg	19 combined mpg
IIHS/HLDI Collision insurance losses The IIHS and HLDI collect data on how insurance losses for specific models compare to the average for all passenger vehicles. These results are adjusted for deductible and specifically for collision claim losses.
Substantially worse than average	Substantially worse than average	Substantially worse than average

Frequently asked questions

The average cost of full coverage insurance for a Corvette is higher than the national average. This is likely because Corvettes are sports cars with poor crash test ratings, high MSRPs and powerful engines. Sports car drivers are also seen as more likely to engage in risky driving behavior by many insurance companies. If you're interested in purchasing a Corvette, you may want to explore car insurance quotes to see how the cost of coverage may factor into your vehicle budget.
Corvette car insurance can be expensive, but choosing a higher deductible can help bring premiums down without skimping on coverage. But, keep in mind that this will raise your out-of-pocket expenses if you need to file a claim. As a rule of thumb, your deductible should always be an amount of money you can comfortably pay out at a moment's notice.
Yes, the Corvette is considered a sports car. With a lightweight, aerodynamic design, the Corvette’s fiberglass construction is designed for speed. Some upgraded Corvette models may even be classified as supercars.

Bankrate utilizes Quadrant Information Services to analyze September 2025 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Rates are weighted based on the population density in each geographic region. Quoted rates for our base profile are based on the following characteristics and full coverage limits with bundling and paperless billing discounts applied:

40 year old

Single male and female driver

2023 Toyota Camry

Primary vehicle

Good credit score

Clean driving record

Commutes 5 days

Bodily injury liability

$100,000 per person
$300,000 per accident

Property damage liability

$50,000 per accident

Personal injury protection

$100,000 per accident

Uninsured motorist bodily injury

$100,000 per person
$300,000 per accident

Collision deductible

$500

Comprehensive deductible

$500

To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. These are sample rates and should only be used for comparative purposes. Your quotes will differ.

If otherwise specified, the base profile has been modified with the following driver characteristics:

Other profiles

Rates were calculated based on the following insurance credit tiers assigned to our drivers: “poor, average, good (base) and excellent.” Insurance credit tiers factor in your official credit scores but are not dependent on that variable alone. Four states prohibit or limit the use of credit as a rating factor in determining auto insurance rates: California, Hawaii, Massachusetts and Michigan.
Rates were calculated by evaluating our base profile with the following incidents applied: clean record (base), at-fault accident, single speeding ticket, single DUI conviction and lapse in coverage.
Rates were calculated by evaluating our base profile with the following differences in mileage: 2K, 5K, 12K (base), 15K and 20K.
Unless otherwise stated, rates are for 2023 vehicle models. For new vs used vehicles, we included the following year in our calculations: 2013.
Rates were calculated by evaluating our base profile with the ages 18-70 (base: 40 years) applied. Depending on age, drivers may be a renter or homeowner. Age is not a contributing rating factor in Hawaii and Massachusetts due to state regulations. For teen drivers, rates were determined by adding a 16- or 17-year-old teen to their 40-year-old married parents' policy. The rates displayed reflect the total cost of a driver this age added to their parents’ policy.
The following states do not use gender as a determining factor in calculating premiums: California, Hawaii, Massachusetts, Michigan, North Carolina, Pennsylvania.
Rates were evaluated based on the following marital/family status: single (base), married, 40-year-old married man and woman. Marital status is not a rating factor in Hawaii and Massachusetts.