Chevrolet, sometimes referred to as Chevy (informal), is a division of the American manufacturer General Motors (GM) founded 110 years ago, on November 3rd, 1911.
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How to Insure Your Chevrolet Corvette Car?
About Chevrolet
Chevrolet’s headquarter is located in Detroit, Michigan, U.S. Chevrolet is one of the well-liked automobile brands around the globe, known for its reliable cars in various shapes and sizes.
The Chevrolet logo is a way of displaying the value and elegance of the brand at a glance. Some describe it as a bowtie, and sometimes across.
The Chevy emblem may be easy to recognize anywhere in the world, but the meaning of the Chevy logo is harder to distinguish.
About Chevrolet Corvette
The Chevrolet Corvette is a two-door, two-passenger luxury sports car marketed by Chevrolet. This vehicle has been produced for more than 60 years and has eight design generations.
The Corvette was front-engined from 1953 to 2019, but since 2020, it has been mid-engined. The Corvette has quickly and extensively become known as “America’s Sports Car.”
All Things About Chevrolet Corvette
Chevrolet Corvette average insurance rates
The average auto insurance expense for Chevrolet Corvette is relatively high; it’s about $1,680 per year. Compared to other Chevrolet models, Corvette is expensive to insure; in fact, it is approximately $252 more than the annual national average.
Although, the premiums vary based on the insurance company you choose, some personal criteria, and your Corvette year.
So, is Chevy Corvette Expensive to Insure? Why?
Insurers base your auto insurance premium on a range of factors that include the car’s value, repair cost, safety rating, theft rate, horsepower, and whether it’s a sports car or a luxury car.
Considering all these factors, the Corvette is expensive to insure because Corvette is classified as a sports car. Statistics have proven that sports car drivers tend to have riskier driving behaviors.
Which Corvette is the cheapest and most expensive to insure?
The most affordable Chevy Corvette model to insure is the Stingray 1LT Coupe. After that, the Stingray 2LT Coupe has the cheapest car insurance rates.
The three priciest C8 Corvette to insure are Stingray 1LT Convertible, the Stingray 2LT Convertible, and the Stingray 3LT Convertible.
Chevrolet Corvette money-saving features
- Front and side airbags for driver and passenger
- Active handling stability control
- All-speed traction control
- Anti-lock brakes
- High-definition rear camera
- Anti-theft system
- Seatbelt pretensioners
- Rear Park assist
- Daytime running headlamps
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What can you do to save money on Chevrolet Corvette insurance?
Policy discounts save money. Always ask if you are qualified for discounts; for example, if the policyholder is a member of specific professional organizations, are accident-free, sign their policy early, or many other behaviors that can make them eligible for discounts which could save them up to $316 a year.
Corvette insurance is expensive, especially for high-risk drivers. If you have been considered a high-risk driver, we advise you to stay away from Corvette and all sports cars. The insurance cost will go over the roof.
Raising deductibles always makes insurance more affordable. Raise your policy deductibles from $500 to $1,000, and you see that you’ll save about $352 each year.
The policyholder’s credit score is one factor that determines insurance rates, and drivers who have and keep a credit score save up to $294 annually.
Don’t just accept your renewal quote so soon; first, take quotes from other company’s sites, and if you didn’t find a better price elsewhere, then renew your policy.
Review your existing policy and remove the coverages that aren’t of any use to you.
