So what about insurance?
As with any car manufacturer, when it comes to car insurance, there are a number of things that together help an insurer decide on your premium.
A number of these relate to you, such as:
- Your age
- How long you’ve been driving
- Your no claims history
- Where you live
- How many miles a year you drive
In addition, some depend on the car itself:
- The market value of the car
- The ‘insurance group’ of the car
Car insurance groups are set by a body called the Group Rating Panel, which includes members of the Association of British Insurers (ABI) and Lloyds Market Association (LMA).
They take into account a number of things including the power of the car, the cost to repair it, and the availability of spares.
The lowest insurance group is 1 and they range up to 50.
If you are thinking of picking up the latest Corvette brand new, the cost of insurance might not be your first concern. Its 6.2 litre V8 and 466 BHP engine mean it’s a group 48 when it comes to insurance.
For an older ‘classic’ Corvette or Camaro, a number of classic car policies can be found offering good value. Classic car owners tend to be careful drivers with restricted mileage, a good combination for lower insurance costs.
For the more mainstream brands we compiled consumer quotations in February and can show you the average Chevrolet car insurance prices quoted:
The Matiz was the most popular car requested, accounting for almost a quarter of all Chevrolet quotes. The Spark made up a further 17% of requests, with the Aveo a further 12%.
(Just so you know: these averages are based on all our customer quotes, from people with different age ranges, addresses and driving histories. You may find a cheaper or more expensive quote based on your circumstances)