Simply put, when individuals shop for a new automobile, they usually give little thought to the cost to insure it. Many get swept up in the buying experience which quite frankly, can be an emotional process. They work hard to negotiate a price with a dealership, and as the process unfolds, they forget all about how the insurance premium for damage to the vehicle (your collision and comprehensive coverage). According to this table, the classification code for a Corvette is 22. Therefore, the collision and comprehensive coverage). According to this table, the classification code for a Corvette is 22. Therefore, the collision and comprehensive coverage). According to this table, the classification code for a Corvette is 22. Therefore, the collision and comprehensive coverages instead of $250 as we used, you might save up to $400 a year depending on where you live (the savings are.