2023 Chevrolet Corvette Car Insurance Calculator

Discover and learn how different risk factors impact car insurance rates for a 2023 Chevrolet Corvette. Experiment with options like driver's age, policy discounts, and vehicle trim level to see how rates are affected. Know immediately if the choice you make has an impact on rates and why.

The average estimated car insurance premium for a 2023 Chevrolet Corvette is $2,818 per year, or about $235 per month. This is based on a 40-year-old male driver with no prior driving violations or at-fault accidents. Comprehensive and collision deductibles are $500 and Uninsured and Underinsured Motorist (UM/UIM) coverage is included.

Annual Premium

$2,818

Cost Per Month

$235

The Annual Premium and Cost Per Month change instantly as you adjust calculator options.

If you change a factor that results in a higher insurance cost, the rates turn red. If you adjust a factor that saves money, the rates turn green. For a detailed explanation of each rate change, click the blue button above.

Quick Guide to Using the Insurance Rate Calculator

  1. Update Options: Adjust any settings in the form below.
  2. Observe Rate Changes: Watch how the Annual Premium at the bottom of the page changes.
  3. Get Detailed Insights: Click the blue up arrow button for an explanation of the rate change.

Key Features:

Chevrolet Corvette Options

Driver Options

Insurability Factors

Policy Coverages

Calculated vs. Average Rate

Discover how your personalized car insurance rate compares to the average annual premium for a 2023 Chevrolet Corvette.

As you adjust the calculator settings, the 'Your Rate' value dynamically shifts left or right on the rate range bar. This movement visually demonstrates how your rate compares to the typical insurance cost for this vehicle model.

For continuous comparison while you explore different settings, you have the option to pin this rate range bar to the bottom of your screen.

$2,818
Average Rate
Your Rate
$2,818

The 'Average Rate' is calculated based on default options for a typical driver profile: a 40-year-old married male with good credit, no prior accidents or violations, current car insurance coverage, and homeownership. The coverage includes collision and comprehensive coverage with $500 deductibles, liability limits of 100/300/100, and includes Uninsured/Underinsured Motorist and Medical Payments coverages.

The 'Average Rate' is a combined value for all 2023 Chevrolet Corvette trim levels.

Insurance Rate Analysis

Your personalized insurance analysis will appear below after modifying any options in the calculator settings above.

Based on the default settings in the calculator options, the annual premium for a 2023 Chevrolet Corvette is $2,818.

After making any changes in the calculator settings, this section will explain the choices that have a positive effect on either rates or coverage, as well as those that have a negative effect.

Factors That Favorably Influence Your Rates and Coverage

There are many things that have a positive effect on your rates, like being a mature driver, being married, having great credit, owning your home, and more.

Once you've fine-tuned the settings in our calculator, this section will provide an analysis of all the factors that have contributed to reducing your rates or improving your coverage options.

Factors That Could Increase Rates or Result in Coverage Gaps

Certain circumstances may lead to higher insurance rates or potential gaps in your coverage. These include life events such as being involved in at-fault accidents, incurring driving violations, experiencing lapses in coverage, or simply being a younger driver. While not all of these factors are within your control, many can be managed to mitigate their impact.

As you adjust the settings in our calculator, this section will detail and explain all the factors that have contributed to higher rates or reduced levels of coverage.

2023 Chevrolet Corvette vs. the Sports Car Segment

The table below compares insurance rates for the 2023 Chevrolet Corvette against all other models in the sports car segment. The Chevrolet Corvette is highlighted in light orange, and the segment's average insurance rate is in light blue.

Annual Premium values in the table are based on the current selections in the rate calculator settings.

The Difference column indicates the annual premium variance between each model shown and the Chevrolet Corvette, with green values denoting cheaper rates and red values indicating more expensive rates compared to the Chevrolet Corvette.

After choosing a vehicle trim level in the calculator options, the rates shown will reflect your choice.

2023 Chevrolet Corvette Segment Insurance Cost Comparison
Rank Make and Model Annual Premium Difference
1Mazda MX-5 Miata$2,104-$714
2Audi TT$2,364-$454
3BMW Z4$2,488-$330
4Subaru WRX$2,508-$310
5Ford Mustang$2,514-$304
6Nissan Z$2,554-$264
7Toyota GR Supra$2,596-$222
8Toyota GR86$2,628-$190
9BMW M2$2,646-$172
10Subaru BRZ$2,740-$78
11Chevrolet Corvette$2,818--
12BMW M3$2,876$58
13Lexus RC F$2,930$112
14Porsche 718$2,938$120
15Chevrolet Camaro$2,976$158
2023 Sports Car Average$3,120$302
16Mercedes-Benz AMG GT53$3,170$352
17Jaguar F-Type$3,274$456
18Porsche Taycan$3,352$534
19BMW M4$3,390$572
20Dodge Challenger$3,432$614
21Lexus LC 500$3,438$620
22Porsche 911$3,740$922
23Acura NSX$4,236$1,418
24Audi R8$4,374$1,556
25Mercedes-Benz SL 55$4,382$1,564
26Mercedes-Benz SL 63$4,664$1,846

Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included. Premiums are averaged for all trim levels for each model.

2023 Corvette Insurance Rates by Trim Level

The table below shows insurance rates for all trim levels available for the 2023 Chevrolet Corvette.

Annual Premium and Cost Per Month values show in the table are based on the current selections in the rate calculator settings. After setting the trim level option in the calculator settings, it will be highlighted in the table.

2023 Chevrolet Corvette Insurance Rates by Trim Level
2023 Chevrolet Corvette Trim Level Annual Premium Cost Per Month
Stingray 1LT Coupe$2,396$200
Stingray 2LT Coupe$2,528$211
Stingray 3LT Coupe$2,598$217
Stingray 1LT Convertible$2,632$219
Stingray 2LT Convertible$2,732$228
Stingray 3LT Convertible$2,792$233
Z06 1LT Coupe$2,894$241
Z06 2LT Coupe$2,962$247
Z06 3LT Coupe$2,992$249
Z06 1LT Convertible$3,052$254
Z06 1LT Convertible$3,108$259
Z06 1LT Convertible$3,130$261

Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included.

Insurance Rates by Driver Age

The table below shows average car insurance rates for the 2023 Chevrolet Corvette for different driver ages.

2023 Chevrolet Corvette Insurance Cost for Drivers Aged 16 to 80
Driver Age Annual Premium Cost Per Month
16$9,454$788
17$9,287$774
18$8,574$715
19$7,731$644
20$6,006$501
21$5,741$478
22$5,191$433
23$4,204$350
24$4,011$334
25$3,276$273
30$3,032$253
35$2,888$241
40$2,818$235
45$2,618$218
50$2,470$206
55$2,306$192
60$2,312$193
65$2,458$205
70$2,598$217
75$2,972$248
80$3,622$302

Data Methodology: Rated driver is male and has no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Drivers under the age of 25 are considered single, while drivers 25 and over are rated as married. Annual premium is averaged for all Chevrolet Corvette trim levels.