We analyzed the average car policy rates for a Chevrolet Corvette and its competitors. We besides found the cheapest insurance company for this particular car. It ‘s crucial to compare policy quotes across multiple insurers to find the best policy rate for your Corvette .
Cheapest insurance company for the Chevrolet Corvette: State Farm
Our Chevrolet Corvette quotes from top insurers found that State Farm offered the cheapest car indemnity for the Chevrolet Corvette. To insure the 2019 Chevrolet Corvette Stingray, State Farm is $ 3,419 cheaper than Allstate, which is the most expensive large insurance company for the Corvette. Progressive is the second-cheapest insurance company, costing just $ 27 more a calendar month to insure the 2015 Chevrolet Corvette Stingray 2LT .
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How much is insurance on a Chevrolet Corvette?
On average, the monetary value to insure a Chevrolet Corvette is $ 4,783 per year. indemnity rates will vary based on model year and vehicle respect. Newer models are much more expensive, which is why you see the insurance rates steadily increase .
Out of the models surveyed, the 2015 Chevrolet Corvette was the cheapest to insure at $ 4,576. This is $ 357 cheaper to insure each year compared to the 2019 Chevrolet Corvette. amazingly, the price for car insurance for a 2014 Chevrolet Corvette is about identical to the 2019 Chevrolet Corvette .
|
Vehicle |
Market value Read more: Classic Car Insurance | Bankrate |
Average Corvette car insurance price |
|---|---|---|
| 2019 Chevrolet Corvette | $47,698 | $4,933 |
| 2018 Chevrolet Corvette | $44,894 | $4,664 |
| 2017 Chevrolet Corvette | $38,381 | $4,846 |
| 2016 Chevrolet Corvette | $37,182 | $4,749 |
| 2015 Chevrolet Corvette | $32,644 | $4,576 |
| 2014 Chevrolet Corvette | $30,064 | $4,928 |
Compare Rates indemnity data for a 2020 Chevrolet Corvette was not available, but policy for a newer model is probably to cost more. The value of the Chevrolet Corvette is greatly impacted by the model year and type of shave, which can affect indemnity rates .
expensive tailored options may result in higher indemnity rates because they ‘re more expensive to replace after a brood incident. however, if the snip offers better condom features, the policy may cost less because the probability of an accident is lower .
For example, there ‘s a $ 6,513 leap out in market measure between a 2017 and a 2018 Chevrolet Corvette Stingray 2LT convertible. But the cost of indemnity dips slenderly, which may mean the 2018 model has better condom features compared to the 2017 model. Drivers with safe vehicles will typically receive lower insurance quotes .
How Chevrolet Corvette insurance costs compare to other sports cars
Compared to other types of democratic sports cars on the marketplace, the Chevrolet Corvette Stingray ‘s indemnity rates are much lower than early luxury sports cars. The cost to insure a 2018 Dodge Challenger SRT Hellcat is well more expensive to insure at $ 7,721, or $ 3,108 more than the Chevrolet Corvette Stingray .
The Chevrolet Camaro ZL1 is $ 1,735 more expensive to insure per year than the Corvette Stingray .
Methodology
Our sample driver was a 30-year-old single man living in New York, Los Angeles, Chicago and Dallas, with a clean drive record. The rates represent the price of a full-coverage policy, which is outlined below .
|
Coverage type |
Study limits Read more: Average Car Insurance Rates by Age (2022) |
|---|---|
| Bodily injury liability | $50,000 per person/$100,000 per accident |
| Property damage | $25,000 per accident |
| Uninsured/underinsured motorist bodily injury | $50,000 per person/$100,000 per accident |
| Comprehensive and collision | $500 deductible |
Our data source, Quadrant Information Services, had indemnity information for the Corvette Stingray. We used this datum as a substitute, as we have determined that the Corvette Stingray is the most democratic and powerful Corvette exemplar since its introduction in 2014. This has been outlined when necessity. Chevrolet Corvette Stingray average marketplace values were obtained from CarGurus .
ValuePenguin ‘s analysis used indemnity rate data from Quadrant Information Services. These rates were publicly sourced from insurance company filings and should be used for relative purposes only — your own quotes may be different .