Chevrolet Bolt EV Insurance Rates
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Michelle Robbins
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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 insurance rates for a Chevrolet Bolt EV are $1,340 a year with full coverage. Comprehensive insurance costs approximately $258, collision insurance costs $464, and liability coverage costs around $460. A liability-only policy costs as low as $510 a year, and high-risk insurance costs $2,908 or more. 16-year-old drivers pay the most at up to $5,128 a year.
Average premium for full coverage: $1,340
Premium estimates by type of coverage:
Includes $500 policy deductibles, 30/60 bodily injury liability limits, and includes medical and UM/UIM coverage. Rates include averaging for all U.S. states and for different Bolt EV trim levels.
Insurance Price Range by Risk and Coverage
For an average driver, insurance rates for a Chevrolet Bolt EV range from as low as $510 for just liability insurance to a much higher rate of $2,908 for a driver who requires high-risk insurance.
Insurance Price Range by Location
Where you live has a large influence on the price of insurance. Rural locations are statistically proven to have a lower frequency of collision claims than congested cities. The price range example below illustrates the effect of geographic area on auto insurance prices.
These rate differences demonstrate why anyone shopping for car insurance should compare prices using their specific location and risk profile, 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.
More Rate Details
The chart below details average Chevrolet Bolt EV insurance rates for additional coverage and risk scenarios.
- The best full coverage rate is $774
- Using higher $1,000 deductibles will save $164 annually
- The average rate for a 40-year-old good driver who chooses $500 deductibles is $1,340
- Buying more expensive low deductibles for physical damage coverage will cost an extra $318 each year
- Higher-risk drivers with multiple tickets or accidents could pay around $2,908
- An auto insurance policy for full coverage for a teenage driver with full coverage can cost $5,128 or more
Auto insurance prices for a Chevrolet Bolt EV also have a wide range based on your driving characteristics, the trim level and model year, and physical damage deductibles and liability limits.
An older driver with a good driving record and high 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 good drivers will have to pay in the ballpark of $5,100 a year. View Rates by Age
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 Utah, Ohio, and New Hampshire, or at least $1,810 on average in New York, Michigan, and Florida.
| 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% |
Opting for high physical damage deductibles could cut prices by as much as $490 a year, while increasing your policy's liability limits will push prices upward. Moving from a 50/100 limit to a 250/500 limit will cost up to $414 extra every year. View Rates by Deductible or Liability Limit
If you have a few violations or tend to cause accidents, you may be forking out anywhere from $1,600 to $2,200 in extra premium annually, depending on your age. High-risk driver insurance can be around 43% to 133% more than the average rate. View High Risk Driver Rates
| 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 Find the Cheapest Chevrolet Bolt EV Insurance
Finding better rates on auto insurance requires being a good driver, having good credit, being claim-free, and possibly higher deductibles. Take the time to compare rates at every other renewal by getting rate quotes from direct companies like Progressive, GEICO, and Esurance, and also from several local insurance agents.
The following list is a recap of the concepts that were covered in the above illustrations.
- Drivers that have major violations or accidents pay on average $1,570 more per year than a safer driver
- Drivers age 16 to 20 have the highest car insurance prices, possibly costing $427 per month if they have full coverage
- You may be able to save around $160 per year just by shopping early and online
- Increasing policy deductibles can save around $475 each year
- You may be able to save around $160 per year just by shopping early and online
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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