Why is insurance so expensive on a 2010 Chevy Corvette?

"I'm 19 and have had my license since I was 16. I have a clean record. I'm getting quotes for $300 or more for insurance. Why is it so expensive?"

Answer
Car insurance rates vary. Your age and the type of vehicle you drive, among other things, can have a significant impact on your rates. Since a Chevy Corvette is considered a sports car, it can cost more to insure.
While it may be frustrating, the only thing you can do is continue to shop around. You can request car insurance quotes from both larger carriers and smaller, regional ones as well.
You could also consider looking at purchasing a different vehicle if the insurance is too high. Otherwise, once you maintain continuous insurance and a clean driving record, your rates will begin to lower over time.
You could pay the higher rate now and shop around again in 6 months.”
avatar
Emily Maracle
Answered on Jul 26, 2021
Emily Maracle is a car insurance specialist living in New York. Originally from the Pacific Northwest, she has a degree in English Literature and a background in customer service. She enjoys cooking, gardening, and living sustainably. In the future, she can't wait to upgrade to a hybrid or electric car.
thumb-up

Did this answer help you?

Ask us a question by email and we will respond within a few days.
thumb-up

Have a different question?

You can meet us at our office and discuss the details of your question.