Chevrolet Bolt EV Insurance Rates
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Michelle Robbins
Licensed Insurance Agent
Michelle Robbins has been a licensed insurance agent for over 13 years. Her career began in the real estate industry, supporting local realtors with Title Insurance. After several years, Michelle shifted to real estate home warranty insurance, where she managed a territory of over 100 miles of real estate professionals. Later, Agent Robbins obtained more licensing and experience serving families a...
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UPDATED: May 23, 2024
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Estimated auto insurance rates for a Chevrolet Bolt EV are $1,340 annually with full coverage. Comprehensive costs around $258 each year, collision insurance costs $464, and liability coverage costs around $460. Liability-only coverage costs as low as $510 a year, and high-risk coverage costs around $2,908. 16-year-old drivers pay the most at up to $5,128 a year.
Average premium for full coverage: $1,340
Premium estimates for type of coverage:
Price estimates include $500 policy deductibles, 30/60 liability coverage, and includes additional medical/uninsured motorist coverage. Rates include averaging for all U.S. states and Bolt EV models.
Insurance Price Range by Risk and Coverage
For the normal driver, insurance rates for a Chevrolet Bolt EV range from as cheap as $510 for just the minimum liability insurance to a high rate of $2,908 for a policy for a high-risk driver.
Insurance Price Range by Location
Where you live has a large influence on insurance rates. Areas with sparse population are statistically proven to have fewer collision claims than congested cities. The graphic below illustrates how geographic area affects auto insurance rates.
These rate differences demonstrate why all drivers should compare prices for a specific zip code and their own personal driving habits, rather than using rate averages.
Use the form below to get customized rates for your location.
Enter your zip code below to view companies based on your location that have cheap auto insurance rates.
Additional Rate Analysis
The chart below details average Chevrolet Bolt EV insurance rates for additional coverage choices and driver risks.
- The best full coverage rate is $774
- Using higher $1,000 deductibles will save about $164 annually
- The estimated rate for a 40-year-old good driver using $500 deductibles is $1,340
- Buying low deductibles for physical damage coverage will cost $1,658
- Higher-risk drivers with multiple tickets or accidents could pay at least $2,908
- An auto insurance policy with full coverage for a teenage driver can be $5,128 or more
Insurance prices for a Chevrolet Bolt EV also have a wide range based on the model of your Bolt EV, your driving record, and deductibles and policy limits.
More mature drivers with a clean driving record and high physical damage deductibles may only pay around $1,300 a year, or $108 per month, for full coverage. Prices are highest for drivers in their teens, where even without any violations or accidents they can expect to pay as much as $5,100 a year. View Rates by Age
If you have a few violations or you caused a few accidents, you may be forking out at least $1,600 to $2,200 extra annually, depending on your age. Insurance for high-risk drivers can be around 43% to 133% more than the average rate. View High Risk Driver Rates
Opting for high physical damage deductibles could cut prices by as much as $490 a year, whereas increasing liability limits will increase prices. Moving from a 50/100 bodily injury limit to a 250/500 limit will cost up to $414 more per year. View Rates by Deductible or Liability Limit
Where you choose to live has a huge impact on Chevrolet Bolt EV insurance rates. A driver around age 40 might see prices as low as $970 a year in states like New Hampshire, Ohio, and Utah, or at least $1,810 on average in Florida, Michigan, and New York.
| State | Premium | Compared to U.S. Avg | Percent Difference |
|---|---|---|---|
| Alabama | $1,212 | -$128 | -9.6% |
| Alaska | $1,028 | -$312 | -23.3% |
| Arizona | $1,112 | -$228 | -17.0% |
| Arkansas | $1,340 | -$0 | 0.0% |
| California | $1,526 | $186 | 13.9% |
| Colorado | $1,280 | -$60 | -4.5% |
| Connecticut | $1,378 | $38 | 2.8% |
| Delaware | $1,516 | $176 | 13.1% |
| Florida | $1,678 | $338 | 25.2% |
| Georgia | $1,236 | -$104 | -7.8% |
| Hawaii | $962 | -$378 | -28.2% |
| Idaho | $908 | -$432 | -32.2% |
| Illinois | $998 | -$342 | -25.5% |
| Indiana | $1,010 | -$330 | -24.6% |
| Iowa | $904 | -$436 | -32.5% |
| Kansas | $1,274 | -$66 | -4.9% |
| Kentucky | $1,828 | $488 | 36.4% |
| Louisiana | $1,982 | $642 | 47.9% |
| Maine | $828 | -$512 | -38.2% |
| Maryland | $1,106 | -$234 | -17.5% |
| Massachusetts | $1,072 | -$268 | -20.0% |
| Michigan | $2,330 | $990 | 73.9% |
| Minnesota | $1,122 | -$218 | -16.3% |
| Mississippi | $1,606 | $266 | 19.9% |
| Missouri | $1,190 | -$150 | -11.2% |
| Montana | $1,440 | $100 | 7.5% |
| Nebraska | $1,058 | -$282 | -21.0% |
| Nevada | $1,608 | $268 | 20.0% |
| New Hampshire | $966 | -$374 | -27.9% |
| New Jersey | $1,498 | $158 | 11.8% |
| New Mexico | $1,188 | -$152 | -11.3% |
| New York | $1,412 | $72 | 5.4% |
| North Carolina | $770 | -$570 | -42.5% |
| North Dakota | $1,098 | -$242 | -18.1% |
| Ohio | $926 | -$414 | -30.9% |
| Oklahoma | $1,378 | $38 | 2.8% |
| Oregon | $1,226 | -$114 | -8.5% |
| Pennsylvania | $1,278 | -$62 | -4.6% |
| Rhode Island | $1,788 | $448 | 33.4% |
| South Carolina | $1,214 | -$126 | -9.4% |
| South Dakota | $1,132 | -$208 | -15.5% |
| Tennessee | $1,174 | -$166 | -12.4% |
| Texas | $1,616 | $276 | 20.6% |
| Utah | $994 | -$346 | -25.8% |
| Vermont | $916 | -$424 | -31.6% |
| Virginia | $804 | -$536 | -40.0% |
| Washington | $1,038 | -$302 | -22.5% |
| West Virginia | $1,230 | -$110 | -8.2% |
| Wisconsin | $926 | -$414 | -30.9% |
| Wyoming | $1,194 | -$146 | -10.9% |
| Model Year | Comprehensive | Collision | Liability | Total Premium |
|---|---|---|---|---|
| 2023 Chevrolet Bolt EV | $320 | $640 | $416 | $1,534 |
| 2022 Chevrolet Bolt EV | $310 | $612 | $430 | $1,510 |
| 2021 Chevrolet Bolt EV | $292 | $592 | $442 | $1,484 |
| 2019 Chevrolet Bolt EV | $270 | $516 | $456 | $1,400 |
| 2018 Chevrolet Bolt EV | $258 | $464 | $460 | $1,340 |
| 2017 Chevrolet Bolt EV | $242 | $426 | $460 | $1,286 |
Rates are averaged for all Chevrolet Bolt EV models and trim levels. Rates assume a 40-year-old male driver, full coverage with $500 deductibles, and a clean driving record.
How to Buy Cheaper Chevrolet Bolt EV Insurance
Finding better rates on auto insurance requires being safe and accident-free, having a good credit history, being claim-free, and dropping full coverage on older vehicles. Invest the time to compare rates every year by quoting rates from direct companies, and also from local exclusive and independent agents.
Below you'll find a condensed summary of the coverage data presented in the illustrations above.
- You may be able to save up to $160 per year just by quoting online in advance
- Increasing policy deductibles could save up to $475 each year
- Youthful drivers pay higher prices, possibly costing $427 per month including comprehensive and collision insurance
- Drivers with multiple at-fault accidents may pay on average $1,570 more every year than a low-risk driver
Rate Tables and Charts
Rates by Driver Age
| Driver Age | Premium |
|---|---|
| 16 | $5,128 |
| 20 | $3,100 |
| 30 | $1,388 |
| 40 | $1,340 |
| 50 | $1,226 |
| 60 | $1,202 |
Full coverage, $500 deductibles
Rates by Deductible
| Deductible | Premium |
|---|---|
| $100 | $1,658 |
| $250 | $1,510 |
| $500 | $1,340 |
| $1,000 | $1,176 |
Full coverage, driver age 40
Rates by Liability Limit
| Liability Limit | Premium |
|---|---|
| 30/60 | $1,340 |
| 50/100 | $1,432 |
| 100/300 | $1,547 |
| 250/500 | $1,846 |
| 100 CSL | $1,478 |
| 300 CSL | $1,731 |
| 500 CSL | $1,915 |
Full coverage, driver age 40
Rates for High Risk Drivers
| Age | Premium |
|---|---|
| 16 | $7,296 |
| 20 | $4,940 |
| 30 | $2,962 |
| 40 | $2,908 |
| 50 | $2,780 |
| 60 | $2,756 |
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.
Potential Rate Discounts
If you qualify for discounts, you may save the amounts shown below.
| Discount | Savings |
|---|---|
| Multi-policy | $71 |
| Multi-vehicle | $72 |
| Homeowner | $21 |
| 5-yr Accident Free | $96 |
| 5-yr Claim Free | $87 |
| Paid in Full/EFT | $59 |
| Advance Quote | $65 |
| Online Quote | $95 |
| Total Discounts | $566 |
Discounts are estimated and may not be available from every company or in every state.
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