Chevrolet Bolt EV Insurance Rates

The average insurance rates for a Chevrolet Bolt EV are $1,340 a year including full coverage. Comprehensive costs approximately $258, collision insurance costs $464, and liability costs around $460. Buying just liability costs as low as $510 a year, and insurance for high-risk drivers costs around $2,908. Teenage drivers cost the most to insure at up to $5,128 a year.

Average premium for full coverage: $1,340

Policy rates by type of insurance:

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

Price Range Variability

Urban vs. Rural Price Range

Where you live can make a big difference on car insurance prices. Rural locations are shown to have lower incidents of comprehensive and collision claims than densely populated cities. The price range example below illustrates how rural and urban location affects auto insurance prices.

The examples above highlight why anyone shopping for car insurance should compare prices using their specific location, instead of making a decision based on average rates.

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

Rates by State, City, and Model

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

• The best discount rate is $774
• Using higher $1,000 deductibles will save $164 every year
• The estimated price for a good driver age 40 who chooses $500 deductibles is $1,340
• Using more expensive low deductibles for physical damage coverage bumps up the cost to $1,658
• High-risk insureds who are prone to accidents and violations could pay around $2,908
• Policy cost that insures a 16-year-old driver with full coverage can cost $5,128 or more

View Chart as Image

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

If you have a few points on your driving record or you caused an accident, you are likely paying anywhere from $1,600 to $2,200 extra every year, depending on your age. High-risk driver insurance can be from 43% to 133% more than a normal policy. View High Risk Driver Rates

An older driver with a clean driving record and higher comprehensive and collision deductibles may pay as low as $1,300 a year, or $108 per month, for full coverage. Rates are much higher for teenagers, since even teens with perfect driving records can expect to pay in the ballpark of $5,100 a year. View Rates by Age

Your home state has a huge impact on Chevrolet Bolt EV insurance prices. A driver around age 40 might see rates as low as $1,030 a year in states like Vermont, New Hampshire, and Missouri, or be forced to pay as much as $1,910 on average in Louisiana, New York, and Michigan.

View Chart as Image

Using high physical damage deductibles could cut rates by as much as $490 annually, while increasing your policy's liability limits will push rates upward. Changing from a 50/100 bodily injury protection limit to a 250/500 limit will raise rates by up to $414 more per year. View Rates by Deductible or Liability Limit

How to Find Cheap Chevrolet Bolt EV Insurance

Finding cheaper rates on insurance for a Chevrolet Bolt EV requires avoiding accidents and violations, having above-average credit, paying for small claims out-of-pocket, and possibly raising deductibles. Compare prices every other policy renewal by obtaining price quotes from direct car insurance companies, and also from local auto insurance providers.

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

• Teenagers are expensive to insure, with premiums being up to $427 each month if full coverage is included
• Drivers considered higher risk that tend to have accidents or serious violations will likely pay on average $1,570 more per year for car insurance
• Increasing comprehensive and collision deductibles can save approximately $475 each year
• You may be able to save around $160 per year just by shopping early and online