1. Vehicles
  2. Chevrolet
  3. Bolt EV
  4. 2020 Model Year

2020 Chevrolet Bolt EV Insurance Rates

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

Jeffrey Johnson graduated summa cum laude from the University of Baltimore School of Law and has worked in legal offices and nonprofits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman University and worked in film, education, and publishing. His professional writing has appeared on sites like The Manifest and Vice, and he is the author of a novel ...

Full Bio →

Written by

UPDATED: May 1, 2020

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.

Average insurance rates for a 2020 Chevrolet Bolt EV are $1,544 a year including full coverage. Comprehensive insurance costs approximately $332 each year, collision costs $656, and liability coverage costs around $398. Buying a liability-only policy costs as low as $460 a year, with high-risk insurance costing $3,356 or more. Teenage drivers receive the highest rates at $5,696 a year or more.

Annual premium for full coverage: $1,544

Rate estimates for 2020 Chevrolet Bolt EV Insurance

Comprehensive $332
Collision $656
Liability $398

Rate data is compiled from all 50 U.S. states and averaged for all 2020 Chevrolet Bolt EV models. Rates are based on a 40-year-old male driver, $500 comprehensive and collision deductibles, and a clean driving record. Remaining premium consists of UM/UIM coverage, Medical/PIP, and policy fees.

Price Range by Coverage and Risk

For a driver in their 40's, prices range go from as low as $460 for basic liability insurance to a high rate of $3,356 for a driver who has had serious violations or accidents.

Liability Only $460
Full Coverage $1,544
High Risk $3,356

View Chart as Image

2020 Chevrolet Bolt EV insurance rates compared
Column chart showing 2020 Chevrolet Bolt EV insurance prices range from $874 to $5,696 for full coverage

These differences highlight why all drivers should compare prices using their specific location and risk profile, rather than using average rates.

Use the form below to get rates for your location.

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

Recommended Companies for Cheap 2020 Chevrolet Bolt EV Insurance

Searching Companies

Trying to find the cheapest insurance rates for your Chevrolet Bolt EV? Are you burned out from not being able to afford to make your insurance payment? You have the same problem as many other drivers. Insurance companies such as State Farm, Farmers Insurance, GEICO and Allstate constantly bombard you with catchy ads and it is challenging if not impossible to not get sucked in by the cute commercials and take the time to shop coverage around.

If you are insured now or are shopping for new coverage, you can use these techniques to reduce the price you pay and possibly find even better coverage. Finding affordable coverage is not rocket science. Drivers just need to know the best way to shop over the internet.

Do you qualify for discount insurance coverage?

Insuring your fleet can be pricey, but you may be missing some discounts that you may not know about. Some trigger automatically when you get a quote, but once in a while a discount must be requested specifically before being credited.

  • Student Driver Training – Have your child enroll in driver’s education in high school.
  • Renewal Discounts – Select larger companies give a discount for buying a policy before your current expiration date. This can save 10% or more.
  • Anti-lock Brake System – Cars, trucks, and SUVs that have steering control and anti-lock brakes can reduce accidents and will save you 10% or more.
  • Onboard Data Collection – Insureds that choose to allow driving data submission to scrutinize their driving habits through the use of a telematics system such as Progressive’s Snapshot and State Farm’s In-Drive could possibly reduce rates if their driving habits are good.
  • Pay Now and Pay Less – If you pay your entire premium ahead of time instead of paying each month you may reduce your total bill.

A quick disclaimer, many deductions do not apply to the whole policy. Some only reduce the price of certain insurance coverages like physical damage coverage or medical payments. Just because you may think you would end up receiving a 100% discount, company stockholders wouldn’t be very happy.

A list of insurance coverage companies and their possible discounts can be found below.

  • Progressive offers discounts for online quote discount, multi-vehicle, good student, online signing, homeowner, continuous coverage, and multi-policy.
  • MetLife may offer discounts for good driver, claim-free, defensive driver, good student, and multi-policy.
  • Mercury Insurance offers premium reductions for low natural disaster claims, age of vehicle, good driver, anti-theft, location of vehicle, multi-policy, and good student.
  • Nationwide discounts include easy pay, good student, multi-policy, family plan, defensive driving, and Farm Bureau membership.
  • GEICO includes discounts for emergency military deployment, multi-policy, membership and employees, good student, federal employee, multi-vehicle, and driver training.
  • AAA may have discounts that include good driver, good student, multi-policy, education and occupation, anti-theft, and AAA membership discount.

Before you buy a policy, ask all companies you are considering which discounts you qualify for. A few discounts may not apply in your area.

How to get free insurance coverage quotes online

Getting a low cost price on 2020 Chevy Bolt EV insurance doesn’t have to be difficult. All you need to do is take a couple of minutes comparing free car insurance quotes provided by online insurance companies. This can be done by following the guidelines below.

  1. One of the fastest ways to get quotes for comparison is a comparison rater form. This easy form saves time by eliminating separate forms for each company. In just a few minutes this one form gets rate comparisons instantly.
  2. A more time consuming way to find more affordable insurance consists of visiting each individual company website to complete a price quote. For example, we’ll assume you want to see prices from Auto-Owners, Allstate and GMAC. You would have to go to every website to input your insurance information, and that’s why the first method is more popular.

You can choose any of those ways to find more affodable coverage, but be sure you’re using apples-to-apples coverage information for each quote you get. If you enter unequal deductibles or liability limits it will be very difficult to determine the lowest rate for your Chevy Bolt EV.

What insurance coverages do I need?

When choosing proper insurance coverage, there really is not a “perfect” insurance plan. Everyone’s situation is unique so your insurance needs to address that. Here are some questions about coverages that might help in determining whether or not you could use an agent’s help.

  • Am I covered if I hit my neighbor’s mailbox?
  • How much liability do I need to cover my assets?
  • Should I get collision insurance on every vehicle?
  • Should I waive the damage coverage when renting a car?
  • Is my business laptop covered if it gets stolen from my vehicle?
  • What is the rate difference between pleasure use and commuting?
  • Can my babysitter drive my car?
  • Does my policy cover my teen driver if they drive my company car?
  • Can I rate high risk drivers on liability-only vehicles?

If you’re not sure about those questions, then you may want to think about talking to an agent. If you want to speak to an agent in your area, fill out your zip code. It’s fast, doesn’t cost anything and can help protect your family.

Be skeptical of insurance ads

Consumers can’t ignore all the ads for insurance savings by Progressive, Allstate and GEICO. All the ads make an identical promise that you’ll save big just by moving to them.

That’s great but how can every company charge less that you’re paying now? You have to listen carefully.

Most companies have specific characteristics for the type of driver that earns them a profit. For instance, a desirable risk might be described as over the age of 35, has other policies, and drives less than 5,000 miles a year. A propective insured that matches those criteria will get low rates and will also pay quite a bit less when switching companies.

People who cannot meet the “perfect” profile may be required to pay a more expensive rate and this results in the customer buying from a different company. Company advertisements say “drivers who switch” not “all people who quote” save that much money. That is how insurance companies can make claims that they all have the best premium rates.

Because each company has a different risk profile, it’s extremely important to get car insurance quotes from several different companies. It’s not possible to predict which company will give you lower car insurance rates than your current company.

Detailed coverages of your car insurance policy

Understanding the coverages of car insurance can help you determine the right coverages at the best deductibles and correct limits. The coverage terms in a policy can be confusing and reading a policy is terribly boring. Shown next are the usual coverages found on the average car insurance policy.

Liability

Liability coverage will cover damages or injuries you inflict on other’s property or people that is your fault. Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have policy limits of 25/50/25 that translate to a $25,000 limit per person for injuries, $50,000 for the entire accident, and $25,000 of coverage for damaged propery. Occasionally you may see a combined single limit or CSL which combines the three limits into one amount with no separate limits for injury or property damage.

Liability coverage pays for things such as pain and suffering, court costs, medical expenses and attorney fees. The amount of liability coverage you purchase is your choice, but it’s cheap coverage so purchase as large an amount as possible.

Medical expense insurance

Coverage for medical payments and/or PIP provide coverage for immediate expenses for doctor visits, funeral costs, chiropractic care and rehabilitation expenses. They are often used to fill the gap from your health insurance policy or if you do not have health coverage. It covers not only the driver but also the vehicle occupants and will also cover being hit by a car walking across the street. PIP is not available in all states and may carry a deductible

Collision coverage protection

Collision coverage will pay to fix damage to your Bolt EV resulting from colliding with a stationary object or other vehicle. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage pays for claims such as crashing into a ditch, damaging your car on a curb, driving through your garage door and hitting a mailbox. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are older. You can also bump up the deductible to bring the cost down.

Comprehensive (Other than Collision)

Comprehensive insurance coverage covers damage that is not covered by collision coverage. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive insurance covers claims like damage from flooding, hail damage, damage from getting keyed and hitting a bird. The maximum payout you’ll receive from a claim is the ACV or actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Protection from uninsured/underinsured drivers

Uninsured or Underinsured Motorist coverage gives you protection from other drivers when they either have no liability insurance or not enough. It can pay for injuries to you and your family as well as damage to your Chevy Bolt EV.

Because many people only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage should not be overlooked. Usually the UM/UIM limits are set the same as your liablity limits.

Power to the consumer

We just presented some good ideas how to compare 2020 Chevy Bolt EV insurance car insurance rates online. The key thing to remember is the more rate quotes you have, the better likelihood of getting inexpensive car insurance. Drivers may discover the lowest priced auto insurance comes from some of the smallest insurance companies. Regional companies may only write in your state and offer lower premium rates as compared to the big name companies such as GEICO and State Farm.

Lower-priced auto insurance is available from both online companies in addition to many insurance agents, and you need to price shop both to get a complete price analysis. Some companies may not have internet price quotes and usually these regional carriers provide coverage only through local independent agents.

When shopping online for auto insurance, do not buy lower coverage limits just to save a few bucks. There are too many instances where drivers have reduced liability coverage limits only to regret they didn’t have enough coverage. Your goal should be to purchase a proper amount of coverage at the best price, not the least amount of coverage.

For more information, link through to the following helpful articles:

Rates by U.S. City

2020 Chevrolet Bolt EV Insurance Rates by City
City Premium
New York City, NY $2,442
Los Angeles, CA $2,640
Philadelphia, PA $2,064
Jacksonville, FL $2,241
Phoenix, AZ $1,795
Chicago, IL $2,074
Houston, TX $2,421
Seattle, WA $1,504
Columbus, OH $1,290
Indianapolis, IN $1,313

Rates by Driver Age

2020 Chevrolet Bolt EV Insurance Rates by Driver Age
Driver Age Premium
16 $5,696
20 $3,588
30 $1,618
40 $1,544
50 $1,410
60 $1,384

Full coverage, $500 deductibles

Rates by Deductible

2020 Chevrolet Bolt EV Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,980
$250 $1,776
$500 $1,544
$1,000 $1,320

Full coverage, driver age 40

Rates by Liability Limit

Chevrolet Bolt EV Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,544
50/100 $1,624
100/300 $1,723
250/500 $1,982
100 CSL $1,663
300 CSL $1,882
500 CSL $2,042

Full coverage, driver age 40

Rates for High Risk Drivers

2020 Chevrolet Bolt EV Insurance Rates for High Risk Drivers
Age Premium
16 $8,154
20 $5,710
30 $3,440
40 $3,356
50 $3,202
60 $3,176

Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident

If a financial responsibility filing is required, the additional charge below may also apply.

SR-22 Surcharge $219

Potential Rate Discounts

If you qualify for discounts, you may save the amounts shown below.

Discount Savings
Multi-policy $83
Multi-vehicle $81
Homeowner $22
5-yr Accident Free $119
5-yr Claim Free $101
Paid in Full/EFT $74
Advance Quote $79
Online Quote $111
Total Discounts $670
Rate after discounts $874

Discounts are estimated and may not be available from every company or in every state.

Find companies with the cheapest rates in your area

2020 Chevrolet Bolt EV Insurance Rates by State
State Premium
Alabama $1,396
Alaska $1,184
Arizona $1,282
Arkansas $1,544
California $1,760
Colorado $1,474
Connecticut $1,588
Delaware $1,748
Florida $1,932
Georgia $1,426
Hawaii $1,108
Idaho $1,044
Illinois $1,152
Indiana $1,162
Iowa $1,042
Kansas $1,468
Kentucky $2,106
Louisiana $2,286
Maine $952
Maryland $1,272
Massachusetts $1,236
Michigan $2,682
Minnesota $1,292
Mississippi $1,852
Missouri $1,370
Montana $1,658
Nebraska $1,218
Nevada $1,852
New Hampshire $1,114
New Jersey $1,726
New Mexico $1,368
New York $1,628
North Carolina $890
North Dakota $1,264
Ohio $1,066
Oklahoma $1,586
Oregon $1,414
Pennsylvania $1,474
Rhode Island $2,060
South Carolina $1,400
South Dakota $1,304
Tennessee $1,352
Texas $1,862
Utah $1,144
Vermont $1,056
Virginia $924
Washington $1,194
West Virginia $1,416
Wisconsin $1,070
Wyoming $1,376

Free Auto Insurance Comparison

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

 Secured with SHA-256 Encryption

You May Also Enjoy These Articles