2017 Chevrolet Bolt EV Insurance Cost in 2024

Enter your zip code below to view companies that have cheap auto insurance rates.

Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: May 23, 2024

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

Trying to find the cheapest car insurance rates for your Chevrolet Bolt EV? Paying cheap prices for Driverscar insurance can seem to be difficult for drivers who are new to online price comparisons. There are so many different companies and agents to choose from that it can turn into a real hassle to find the best prices.

The quickest way to compare rates takes advantage of the fact most larger insurance companies provide online access to give you rate quotes. To get started, all you need to do is take a few minutes to give details including your occupation, how your vehicles are used, whether or not you need a SR-22, and whether your vehicle is owned or leased. Your rating data is submitted instantly to multiple insurance providers and you get price estimates instantly.

Insurance savings promises

Insurance companies such as State Farm and Allstate regularly use television and radio advertisements. All the ads tend to make the same promise that drivers can save some big amount if you change your coverage. How do they all give you a lower rate? Here is the trick they use.

Many companies offer their best rates for the driver that earns them a profit. One example of a desirable risk might be a female over age 40, owns their home, and drives less than 5,000 miles a year. A driver that matches those criteria will probably get the lowest rates and is almost guaranteed to cut their rates substantially.

People who cannot meet those criteria will be charged a higher rate and this results in the driver buying from a lower-cost company. The wording the ads use say “people that switch” but not “all drivers who get quotes” can save as much as they claim. This is how companies can make those statements.

This really illustrates why you absolutely need to compare many company’s prices. It’s just not possible to know with any certainty which company will be your best fit.

Chevy Bolt EV insurance premiums can be more affordable

Smart consumers have a good feel for a few of the rating criteria that help determine your policy premiums. If you know what impacts premium levels, this helps enable you to make changes that can earn you lower insurance coverage prices. Many factors are taken into consideration when you quote your car insurance policy. A few of the factors are predictable such as your driving history, but other factors are less apparent like your continuous coverage or your vehicle rating.

Listed below are some of the most rate-impacting factors used by insurance companies to determine premiums.

  • Occupation reflects on rates – Jobs such as military generals, business owners and financial analysts tend to have higher rates than the rest of us in part from stressful work requirements and lots of time spent at work. On the flip side, jobs such as farmers, students and the unemployed generally pay rates lower than average on Bolt EV insurance.
  • Driving citations increase rates – Your driving citation history has a big impact on rates. Careful drivers pay lower auto insurance prices than bad drivers. Having just one speeding ticket or other violation may cause rates to rise by as much as thirty percent. People who have careless violations such as DUI or reckless driving may find that they have to to prove financial responsibility with their state motor vehicle department in order to drive a vehicle legally.
  • Keep premiums low by being claim-free – If you’re an insured who likes to file claims don’t be surprised to see either higher rates or even cancellation. Insurance companies give better rates to insureds who only file infrequent claims. Auto insurance is meant to be used in the event of more catestrophic claims.
  • Gender and insurance coverage premiums – Over the last 50 years, statistics have shown that females tend to be a little less risky than males. The data does not necessarily mean that men are worse drivers. They both are responsible for auto accidents at about the same rate, but the males tend to have higher claims. They also receive more major tickets such as driving while intoxicated (DWI) or driving recklessly.
  • Insure your auto and home with one company – Some insurers apply better rates to people who have multiple policies with them such as combining an auto and homeowners policy. Discounts can amount to ten percent or more. Even with this discount applied, it’s always a smart idea to comparison shop to make sure you are getting the best deal.

Earn discounts on auto insurance

Companies do not list every available discount very well, so the following is a list of both the well known as well as the least known credits that may apply to you.

  • Multiple Vehicles – Insuring all your vehicles with the same company qualifies for this discount.
  • Federal Government Employee – Employees or retirees of the government could provide a small rate reduction on Bolt EV insurance with select insurance companies.
  • Passive Restraints – Vehicles equipped with air bags may earn rate discounts of 20 to 30 percent.
  • Service Members Pay Less – Having a family member in the military could mean lower rates.
  • Multi-policy Discount – If you can bundle your homeowners and auto insurance and place coverage with the same company they may give you a discount of up to 20% and get you affordable car insurance.
  • Student Discounts – Maintaining excellent grades can save 20 to 25%. Earning this discount can benefit you until age 25.
  • Organization Discounts – Participating in certain professional organizations is a simple method to lower premiums on your policy.
  • Anti-theft Discount – Cars and trucks equipped with anti-theft or alarm systems help deter theft so companies will give you a small discount.
  • Early Switch Discount – A few auto insurance companies allow discounts for switching companies before your current coverage expires. This discount can save up to 10%.

As a sidenote, some credits don’t apply to all coverage premiums. Some only reduce the price of certain insurance coverages like liability and collision coverage. So even though you would think it’s possible to get free car insurance, auto insurance companies aren’t that generous.

A list of companies and their possible discounts include:

  • GEICO offers discounts for multi-policy, seat belt use, military active duty, membership and employees, and good student.
  • Travelers discounts include save driver, multi-policy, good student, new car, and student away at school.
  • Nationwide may offer discounts for business or organization, accident-free, good student, anti-theft, family plan, and defensive driving.
  • Farmers Insurance has savings for pay in full, switch companies, good student, alternative fuel, mature driver, and electronic funds transfer.
  • Esurance policyholders can earn discounts including online quote, claim free, multi-policy, paid-in-full, homeowner, and good driver.
  • State Farm may have discounts that include driver’s education, Drive Safe & Save, safe vehicle, multiple autos, defensive driving training, passive restraint, and good student.
  • Progressive may include discounts for multi-vehicle, multi-policy, good student, continuous coverage, online signing, and homeowner.
  • Mercury Insurance has discounts for ease of repair, annual mileage, low natural disaster claims, multi-car, and good driver.

Check with each insurance company to give you their best rates. Discounts may not be offered in your area. If you would like to view companies offering auto insurance discounts, enter your zip code here.

Tailor your insurance coverage coverage to you

When choosing the right insurance coverage, there really is no one size fits all plan. Everyone’s needs are different.

Here are some questions about coverages that may help highlight whether you will benefit from professional help.

  • Is business property covered if stolen from my car?
  • Is my babysitter covered when using my vehicle?
  • Can I afford low physical damage deductibles?
  • Can I rent a car in Mexico?
  • What is no-fault insurance?
  • Will I lose any money if I cancel my policy before it expires?
  • Do I get a pro-rated refund if I cancel my policy early?
  • Am I covered if I break a side mirror?
  • Am I covered by my spouse’s policy after a separation?

If it’s difficult to answer those questions but you know they apply to you, then you may want to think about talking to a licensed agent. To find an agent in your area, complete your zip code.

Insurance policy specifics

Learning about specific coverages of your policy aids in choosing the right coverages for your vehicles. Insurance terms can be ambiguous and reading a policy is terribly boring.

Coverage for liability

This coverage will cover damage or injury you incur to people or other property in an accident. It protects you from claims by other people, and doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You might see values of 25/50/25 which means $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged property. Alternatively, you may have a combined limit that pays claims from the same limit rather than limiting it on a per person basis.

Liability coverage pays for things such as attorney fees, emergency aid, pain and suffering and bail bonds. How much coverage you buy is a personal decision, but buy as large an amount as possible.

Comprehensive protection

Comprehensive insurance coverage pays to fix your vehicle from damage that is not covered by collision coverage. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims such as damage from a tornado or hurricane, theft, a broken windshield, damage from getting keyed and hitting a bird. The highest amount you can receive from a comprehensive claim is the actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Medical expense coverage

Coverage for medical payments and/or PIP provide coverage for immediate expenses like nursing services, prosthetic devices and funeral costs. They are used to fill the gap from your health insurance policy or if there is no health insurance coverage. Coverage applies to you and your occupants and also covers if you are hit as a while walking down the street. Personal injury protection coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Uninsured or underinsured coverage

Your UM/UIM coverage provides protection when other motorists are uninsured or don’t have enough coverage. This coverage pays for hospital bills for your injuries as well as your vehicle’s damage.

Since a lot of drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. So UM/UIM coverage should not be overlooked. Most of the time these coverages do not exceed the liability coverage limits.

Collision protection

Collision insurance will pay to fix damage to your Bolt EV from colliding with an object or car. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for things like sustaining damage from a pot hole, damaging your car on a curb, hitting a parking meter, scraping a guard rail and rolling your car. Paying for collision coverage can be pricey, so consider removing coverage from older vehicles. Another option is to raise the deductible to save money on collision insurance.

In any little way, save everyday

Drivers leave their current company for a number of reasons such as delays in responding to claim requests, unfair underwriting practices, lack of trust in their agent or high prices. Regardless of your reason for switching companies, finding a new company can be less work than you think.

As you shop your coverage around, it’s not a good idea to buy less coverage just to save a little money. There are many occasions where someone dropped comprehensive coverage or liability limits only to find out that they should have had better coverage. The goal is to buy enough coverage for the lowest price, but do not sacrifice coverage to save money.

Budget-conscious 2017 Chevy Bolt EV insurance can be bought online as well as from insurance agents, and you need to comparison shop both so you have a total pricing picture. A few companies do not provide the ability to get quotes online and many times these smaller providers only sell coverage through independent agents.

Free Auto Insurance Comparison

Enter your zip code below to view companies that have cheap auto insurance rates.

secured lock Secured with SHA-256 Encryption

You May Also Enjoy These Articles