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...
Licensed Insurance Agent
UPDATED: May 23, 2024
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Estimated insurance rates for a Chevrolet Bolt EV are $1,340 a year for full coverage insurance. Comprehensive costs approximately $258 each year, collision costs $464, and liability insurance is estimated at $460. Liability-only coverage costs approximately $510 a year, with high-risk coverage costing around $2,908. 16-year-old drivers pay the most at $5,128 a year or more.
Average premium for full coverage: $1,340
Premium estimates by type of coverage:
Includes $500 physical damage insurance deductibles, bodily injury liability limits of 30/60, and includes medical and uninsured motorist coverage. Rates include averaging for all 50 states and Bolt EV models.
Insurance Price Range by Risk and Coverage
For the average driver, insurance rates for a Chevrolet Bolt EV go from the low end price of $510 for just liability coverage to a high rate of $2,908 for a driver who has had serious violations or accidents.
Insurance Price Range by Location
Living in a larger city has a significant impact on the price of auto insurance. Rural locations are statistically proven to have lower incidents of physical damage claims than congested cities.
The graphic below illustrates how location impacts auto insurance prices.
These rate differences illustrate why all drivers should get quotes using their specific location, rather than relying on 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.
Detailed Rate Analysis
The chart below illustrates estimated Chevrolet Bolt EV insurance rates for additional coverage and risk scenarios.
- The best full coverage rate is $774
- Choosing higher $1,000 deductibles can save $164 each year
- The estimated price for a 40-year-old good driver who chooses $500 deductibles is $1,340
- Buying low deductibles for comp and collision coverage bumps up the cost to $1,658
- High-risk insureds with multiple tickets or accidents could pay around $2,908 or more
- An auto insurance policy that insures a teen driver can cost $5,128 each year
Insurance prices for a Chevrolet Bolt EV also have a wide range based on the trim level and model year, your age and driving record, and physical damage deductibles and liability limits.
If you have a few violations or you caused an accident, you are probably paying anywhere from $1,600 to $2,200 extra annually, depending on your age. Insurance for high-risk drivers ranges anywhere from 43% to 133% more than the average rate. View High Risk Driver Rates
More mature drivers with a clean driving record and higher comprehensive and collision deductibles could pay as little as $1,300 annually on average, or $108 per month, for full coverage. Prices are highest for drivers in their teens, since even teens with perfect driving records can expect to pay in the ballpark of $5,100 a year. View Rates by Age
Where you choose to live plays a big part in determining prices for Chevrolet Bolt EV insurance rates. A good driver about age 40 could pay as low as $880 a year in states like North Carolina, Wisconsin, and Vermont, or at least $1,810 on average in Florida, New York, and Michigan.
| 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 can save as much as $490 each year, whereas increasing liability limits will push prices upward. Switching from a 50/100 bodily injury protection limit to a 250/500 limit will cost up to $414 more per year. View Rates by Deductible or Liability Limit
With such a large range in prices, the only way to figure out who has the best car insurance prices is to do a rate comparison from as many companies as possible. Each auto insurer utilizes a different rate formula, so the prices will be substantially different.
| 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 Chevrolet Bolt EV insurance takes being a low-risk driver, having above-average credit, paying for small claims out-of-pocket, and maximizing policy discounts. Comparison shop every other policy renewal by getting quotes from direct insurance companies, and also from your local car insurance providers.
The items below are a recap of the ideas that were touched on above.
- Teen drivers are expensive to insure, with premiums being up to $427 per month if full coverage is included
- High-risk drivers that have major violations or accidents could be charged and average of $1,570 more per year to insure their Bolt EV
- Increasing policy deductibles can save approximately $475 each year
- It is possible to save around $160 per year simply by quoting online in advance
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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