Chevrolet Bolt EV Insurance Rates

The average insurance prices for a Chevrolet Bolt EV are $1,400 every 12 months including full coverage. Comprehensive insurance costs an estimated $270 a year, collision costs $516, and liability insurance costs around $456. Liability-only coverage costs as low as $508 a year, with high-risk coverage costing $3,048 or more. Teenage drivers cost the most to insure at $5,330 a year or more.

Average premium for full coverage: $1,400

Policy rates broken down by type of insurance:

Estimates include $500 physical damage deductibles, bodily injury liability limits of 30/60, and includes medical/PIP and uninsured motorist coverage. Prices are averaged for all 50 U.S. states and Bolt EV trim levels.

Price Range Variability

Urban vs. Rural Price Range

Where you live has a significant impact on the price of auto insurance. More rural locations are shown to have more infrequent comprehensive and collision claims than densely populated cities.

The diagram below illustrates how your location can change insurance prices.

The examples above highlight why it is important to compare prices for a targeted area and their own driving history, rather than relying on average rates.

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

Additional Charts and Tables

The chart below breaks down estimated Chevrolet Bolt EV insurance rates for other coverage scenarios.

• The best discount rate is $803
• Using higher $1,000 deductibles will save approximately $1,224 every year
• The average price for a good driver age 40 who has $500 deductibles is $1,400
• Using low $100 deductibles for physical damage coverage costs an extra $350 a year
• Drivers who are prone to accidents and violations could pay up to $3,048 or more
• Policy cost to insure a teen driver can cost as much as $5,330 or more

View Chart as Image

Insurance rates for a Chevrolet Bolt EV also range considerably based on liability limits and deductibles, your driving characteristics, and the model year and trim level.

Using high physical damage deductibles could cut rates by as much as $530 each year, while buying higher liability limits will increase premiums. Changing from a 50/100 liability limit to a 250/500 limit will raise rates by up to $411 more each year. View Rates by Deductible or Liability Limit

Older drivers with no violations or accidents and higher deductibles could pay as little as $1,300 a year, or $108 per month, for full coverage. Rates are much higher for teenagers, since even excellent drivers should be prepared to pay at least $5,300 a year. View Rates by Age

If you have a few points on your driving record or you were responsible for an accident, you are likely paying $1,700 to $2,300 additional every year, depending on your age. A high-risk auto insurance policy can be anywhere from 43% to 135% more than a normal policy. View High Risk Driver Rates

Your home state has a huge impact on Chevrolet Bolt EV insurance rates. A driver around age 40 might see rates as low as $1,070 a year in states like Vermont, New Hampshire, and Missouri, or be forced to pay as much as $2,000 on average in Louisiana, New York, and Michigan.

View Chart as Image

Because rates have so much variability, the best way to figure out which auto insurance is cheapest is to get quotes from as many companies as possible. Each insurance company uses a different method to calculate rates, and rates will be varied.

How to Shop for Low Cost Chevrolet Bolt EV Insurance

Finding cheaper rates on Chevrolet Bolt EV insurance requires being a safe and courteous driver, having above-average credit, paying for small claims out-of-pocket, and maximizing policy discounts. Invest the time to shop around every other policy renewal by requesting rates from direct car insurance companies, and also from local insurance agencies.

Below is a review of the ideas that were illustrated above.

• Teenage drivers are expensive to insure, with premiums being up to $444 each month if full coverage is included
• High-risk drivers who have several accidents or serious violations may have to pay on average $1,650 more annually for auto insurance
• Increasing comprehensive and collision deductibles could save as much as $525 each year
• You may be able to save approximately $170 per year simply by quoting early and online