Chevrolet Bolt EV Insurance Rates

Average insurance prices for a Chevrolet Bolt EV are $1,340 every 12 months for full coverage insurance. Comprehensive costs approximately $258 a year, collision insurance costs $464, and liability is $460. A liability-only policy costs around $510 a year, and high-risk insurance costs around $2,908. Teens receive the highest rates at up to $5,128 a year.

Average premium for full coverage: $1,340

Rate estimates by individual coverage type:

These estimates include $500 comprehensive and collision deductibles, bodily injury liability limits of 30/60, and includes both medical and UM/UIM coverage. Rates are averaged for all 50 states and Bolt EV trim levels.

Price Range by Coverage and Risk

Price Range by Location

Choosing to live in a large city can have significant affects on the price of auto insurance. Rural locations tend to have more infrequent physical damage claims than cities with more traffic congestion. The diagram below illustrates how rural and urban location affects auto insurance prices.

These examples illustrate why it is important to compare rates quotes using their specific location and their own driving history, instead of using averaged prices.

Use the form below to get customized rates for your location.

Rate Comparisons

The chart below illustrates average Chevrolet Bolt EV insurance rates for additional coverage and risk scenarios.

• The cheapest rate after discounts is $774
• Raising to $1,000 deductibles will save $1,176 each year
• The average price for a 40-year-old driver who chooses $500 deductibles is $1,340
• Selecting low $100 deductibles increases the price to $1,658
• At-risk drivers with serious driving violations could pay around $2,908
• The cost to insure a teen driver can cost $5,128

View Chart as Image

Insurance rates for a Chevrolet Bolt EV can also vary considerably based on policy deductibles and limits, your risk profile, and the model of your Bolt EV.

Choosing higher comprehensive and collision insurance deductibles can reduce rates by up to $490 every year, while buying higher liability limits will push rates upward. Switching from a 50/100 liability limit to a 250/500 limit will cost as much as $414 more per year. View Rates by Deductible or Liability Limit

Older drivers with a clean driving record and higher deductibles may pay as little as $1,300 every 12 months on average for full coverage. Rates are much higher for teen drivers, since even excellent drivers can expect to pay in the ballpark of $5,100 a year. View Rates by Age

If you like to drive fast or you were responsible for an accident, you are probably paying anywhere from $1,600 to $2,200 extra per year, depending on your age. A high-risk auto insurance policy is expensive and can cost as much as 43% to 133% more than the average policy. View High Risk Driver Rates

Where you live also has a big influence on Chevrolet Bolt EV insurance prices. A middle-age driver might find rates as low as $880 a year in states like North Carolina, Wisconsin, and Vermont, or have to pay at least $1,810 on average in Florida, New York, and Michigan.

View Chart as Image

How to Shop for Cheap Chevrolet Bolt EV Insurance

Saving money on car insurance consists of avoiding accidents and violations, having good credit, avoid buying unnecessary coverage, and possibly raising deductibles. Set aside time to shop around every other policy renewal by requesting rates from direct insurance companies like GEICO, Progressive, and Esurance, and also from local insurance agencies.

The list below is a brief summary of the ideas that were raised in the charts and tables above.

• Teenagers are expensive to insure, costing up to $427 per month if they have full coverage
• Higher risk drivers that tend to have accidents or serious violations may have to pay on average $1,570 more per year for car insurance
• Increasing deductibles could save as much as $475 each year
• It is possible to save around $160 per year just by quoting early and online