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How Much Does It Cost to Insure a Chevrolet Corvette? – ValuePenguin

The market value of a 2021 chevrolet corvette is around $71,850, with average insurance rates of $2,962 a year, or $247 a month. The cheapest and most widely available insurer for this luxury vehicle is Travelers.

We looked at the average auto insurance rates for the Chevrolet Corvette and its competitors. we also find the cheapest insurance for this particular car. It’s important to compare insurance quotes from multiple insurers to find the best insurance rate for your corvette.

Reading: How much is insurance on a 2021 corvette

cheapest insurance company for chevrolet corvette: travelers

Travelers offers the cheapest auto insurance from any insurer available nationwide for the Chevrolet Corvette. Insuring the 2021 Chevrolet Corvette Stingray, Travelers is $3,575 per year cheaper than Allstate, which is the most expensive of the larger Corvette insurance companies. state farm is the second cheapest insurer widely available, costing $28 more per month to insure the 2021 chevrolet corvette stingray 2 liter.

country financial, erie and texas farm bureau have cheaper rates than travelers, but those companies sell insurance in fewer states. Looking at local insurers is a good way to make sure you’re getting the best deal.

corvette insurance for a 20 year old

A 20-year-old driver pays more than twice as much to insure a corvette than a 30-year-old, an average of $6,736 per year.

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Young drivers already pay more because insurers see them as a greater risk on the road. Combined with the price of Corvettes and the tendency for sports car drivers to be less cautious on the road, it can be financially prohibitive to drive a Corvette at that age.

The best way to reduce those costs is to sign up for a parent’s policy. Adding a young driver to a parent’s insurance is typically less than half as expensive as a stand-alone policy.

how much is insurance on a chevrolet corvette?

On average, the cost to insure a Chevrolet Corvette is $2,962 per year. insurance rates vary based on model year and vehicle value. newer models tend to be more expensive, which is why insurance rates are constantly rising.

Of the models tested, the 2015 Chevrolet Corvette was the cheapest to insure, at $2,560 per year. this is $728 per year cheaper to insure compared to the 2021 chevrolet corvette.

insurance data for a 2022 chevrolet corvette was not available, but insurance for a newer model usually costs more. Chevrolet Corvette value is greatly affected by model year and trim type, which can affect insurance rates.

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Expensive equipment options can result in higher insurance rates because they are more expensive to replace after a covered incident. however, if the model offers better safety features, insurance may cost less because the chance of an accident is less.

how chevrolet corvette insurance costs compare to other sports cars

compared to other types of popular sports cars on the market, chevrolet corvette stingray insurance rates are lower than other luxury sports cars. The cost to insure a 2021 Dodge Challenger SRT Hellcat is substantially higher, at $3,288 per year, or $697 per year more than the Chevrolet Corvette Stingray.

the chevrolet camaro zl1 is $191 more expensive to insure per year than the corvette stingray.

methodology

Our sample driver was a single man in his 30s with a clean driving record. Thousands of rates were collected from Illinois, Texas, New York and California. rates represent the cost of a full coverage policy, described below.

chevrolet corvette stingray average market values ​​were obtained from msn.com car market.

valuepenguin’s analysis used insurance rate data from quadrant information services. These rates were obtained publicly from insurer filings and should be used for comparison purposes only; your own quotes may be different.

See also: 5 Things to Consider When Choosing Health Coverage

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