Chevrolet Bolt EV Insurance Rates

Average auto insurance rates for a Chevrolet Bolt EV are $1,400 annually for full coverage. Comprehensive insurance costs an estimated $270, collision insurance costs $516, and liability coverage costs $456. A liability-only policy costs as little as $508 a year, and high-risk insurance costs $3,048 or more. Teens receive the highest rates at up to $5,330 a year.

Average premium for full coverage: $1,400

Rate estimates broken down by individual coverage type:

Rate estimates include $500 physical damage deductibles, 30/60 split liability limits, and includes UM/UIM and medical coverage. Rates are averaged for all states and for different Bolt EV trim levels.

Price Range by Coverage and Risk

Price Range by Location

Your location has a large influence on insurance rates. More rural locations tend to have fewer accident claims than cities with more traffic congestion. The price range example below illustrates how location impacts insurance prices.

These examples show why anyone shopping for car insurance should compare rates for a targeted area and their own personal driving habits, rather than using averaged prices.

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

Rates by State, City, and Model

The chart below shows average Chevrolet Bolt EV insurance rates for other coverage scenarios.

• The cheapest rate after discounts is $803
• Drivers who choose higher $1,000 deductibles will pay approximately $176 a year
• The estimated rate for a 40-year-old driver who has $500 deductibles is $1,400
• Selecting more expensive low deductibles for comprehensive and collision insurance costs an additional $350 each year
• High-risk insureds with serious driving violations could pay up to $3,048
• The cost with full coverage for a teenage driver with full coverage can cost as much as $5,330 a year

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Insurance rates for a Chevrolet Bolt EV can also vary considerably based on the trim level of your Bolt EV, your driver profile, and liability limits and deductibles.

An older driver with a clean driving record and high physical damage deductibles may only pay around $1,300 per year on average for full coverage. Rates are much higher for teen drivers, where even without any violations or accidents they can expect to pay at least $5,300 a year. View Rates by Age

If you like to drive fast or you caused a few accidents, you could be paying $1,700 to $2,300 extra per year, depending on your age. High-risk driver insurance can cost around 43% to 135% more than the average policy. View High Risk Driver Rates

Choosing higher comprehensive and collision insurance deductibles could save up to $530 a year, while increasing your policy's liability limits will increase premiums. Going from a 50/100 bodily injury limit to a 250/500 limit will cost as much as $411 more per year. View Rates by Deductible or Liability Limit

Where you live makes a big difference in Chevrolet Bolt EV insurance rates. A 40-year-old driver could pay as low as $920 a year in states like Iowa, Maine, and Idaho, or have to pay at least $2,000 on average in New York, Louisiana, and Michigan.

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How to Buy the Best Chevrolet Bolt EV Insurance

Saving money on auto insurance not only requires being a safe and courteous driver, but also having a good credit history, eliminating unneeded coverage, and deciding if full coverage is necessary. Spend time shopping around at least every other year by getting quotes from direct carriers like Progressive and GEICO, and also from local exclusive and independent agents.

Below is a brief recap of the car insurance concepts touched on above.

• Drivers who tend to receive serious violations may pay on average $1,650 more annually for auto insurance
• Drivers can save approximately $170 per year just by shopping early and online
• Increasing deductibles could save up to $525 each year
• Consumers who want higher levels of liability will pay approximately $500 each year to go from a minimum limit to higher 250/500 limits