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The average cost of insurance for Chevrolet Corvette cars typically hovers around $4,783 annually. But you need to know that auto insurance rates greatly vary according to the driver’s age and the average premium rate represents the annual cost of full coverage that is worked out for 30 year old drivers who drive the Chevrolet Corvette Stingray 2 LT convertible. So, for younger drivers below 20 years of age, the costs can be pretty high primarily because of their lack of experience behind the driving wheel. Besides, the exact corvette model to be insured can also affect the insurance rates.
New and latest Chevy Corvette models 2021 can be the most expensive to insure as compared to versions of the past years. And premiums charged could be the highest for drivers in the age group 17 to 20 years old. While insurance data for 2020 Chevrolet Corvette vehicles are not available, you can expect the premium to be slightly lower than the 2021 models. The market worth of Chevrolet Corvette cars is greatly influenced by the model and year of manufacturing and the type of trim and so, insurance rates may also get affected and newer models have high-end features.
Trim Chevrolet Corvette versions are highly expensive and as a result, the insurance rates provided could be significantly higher than they are for older versions. This is because if a new corvette car meets with an accident and requires replacement of some parts, insurer will have to pay more and so, to compensate for possible financial losses the premium will be high. The only silver lining in the cloud is that trim corvette versions have advanced safety features and these can be helpful in reducing insurance rates. To learn more about Chevy Corvette auto insurance rates online, keep reading on!
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All Corvette models come standard with a variety of superior safety features. These make the cars safer to drive and help in reducing insurance premiums. Here is a list of some safety features in corvettes that you need to know:
There are several types of factors which influence insurance costs for Chevrolet corvette. Some of them are as mentioned below:
It is possible to save money on even corvette insurance 17 year old or slightly higher aged driver cost by using few strategies as under:
Younger drivers often pay more to insure their cars, given their lack of driving experience. With lower metrics, they are seen as a riskier to insure.
The average annual cost of insurance for a Chevrolet Corvette is usually $5,482. An 18 year old teenage driver pays 3K more than an average 40-year-old driver.
To save money on car insurance, consider insuring your teen under your policy as an added driver. Teens generally save more by contracting their own car insurance.
| Age | Average Annual Rates |
|---|---|
| 16 | $7,028 |
| 17 | $6,226 |
| 18 | $5,482 |
| 19 | $3,926 |
| 20 | $3,504 |
| 21 | $2,774 |
| 22 | $2,555 |
| 23 | $2,338 |
| 24 | $2,195 |
| 25 | $1,991 |
| 40 | $1,680 |
There may be some additional factors which might impact your ability to qualify for low sustainable Chevrolet Corvette auto insurance rates as are mentioned below.
In the USA, the average cost of car insurance is between $771 and $1,602 per year.
Yes, Corvettes are some of the most expensive cars one can insure. The cost of insurance and the driver's age will determine whether or not the owner will be paying a lot more than they would for other models.
Corvettes are expensive cars to insure because they're fast and sporty, so you can expect them to be involved in more accidents where someone is probably not at fault. When the insurance company assesses your risk for this type of car, it's likely that you'll pick up a higher premium or your insurance won't be as cheap.
On average, the cost to insure a Chevrolet Corvette for a 19 year old are $4,783 per year.