Chevrolet Bolt EV Insurance Rates

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UPDATED: May 23, 2024

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

Average premium for full coverage: $1,400

Policy rates for type of insurance:

Comprehensive $270
Collision $516
Liability $456

Rate estimates include $500 deductibles, split liability limits of 30/60, and includes uninsured/under-insured motorist coverage. Prices are averaged for all 50 U.S. states and Bolt EV trim levels.

Price Range Variability

Using a 40-year-old driver as an example, Chevrolet Bolt EV insurance rates range from the low end price of $508 for your basic liability-only policy to a high of $3,048 for coverage for higher-risk drivers.

Liability Only $508
Full Coverage $1,400
High Risk $3,048

Urban vs. Rural Price Range

Where you live can have significant affects on the price of insurance. Areas with sparse population are shown to have lower incidents of comprehensive and collision claims than larger metro areas. The diagram below illustrates how rural and urban location affects auto insurance rates.

Rural Areas $1,050
Small Cities $1,470
Large Cities $1,890

The examples above highlight why it is important to compare prices for a specific zip code, instead of using price 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 Information

The chart below breaks down average Chevrolet Bolt EV insurance rates for additional coverage choices and driver risks.

  • The lowest rate with discounts is $803
  • Using higher $1,000 deductibles will save about $1,224 every year
  • The estimated price for a good driver age 40 using $500 deductibles is $1,400
  • Choosing low $100 deductibles for physical damage coverage will cost an additional $350 every year
  • Drivers with multiple violations and an at-fault accident could pay at least $3,048
  • Policy cost that insures a teen driver can be $5,330 or more

View Chart as Image

Chevrolet Bolt EV insurance cost comparison chart
Column chart showing Chevrolet Bolt EV insurance prices range from $803 to $5,330 for full coverage

Insurance rates for a Chevrolet Bolt EV also range considerably based on the trim level of your Bolt EV, your driving record and age, and deductibles and policy limits.

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

Older drivers with no violations or accidents and higher comprehensive and collision deductibles may pay as little as $1,300 a year, or $108 per month, for full coverage. Rates are highest for teenagers, since even teens with perfect driving records should be prepared to pay as much as $5,300 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 $1,070 a year in states like Missouri, New Hampshire, and Vermont, or as much as $2,000 on average in Michigan, New York, and Louisiana.

Chevrolet Bolt EV Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $1,268 -$132 -9.4%
Alaska $1,074 -$326 -23.3%
Arizona $1,162 -$238 -17.0%
Arkansas $1,400 -$0 0.0%
California $1,598 $198 14.1%
Colorado $1,340 -$60 -4.3%
Connecticut $1,442 $42 3.0%
Delaware $1,586 $186 13.3%
Florida $1,754 $354 25.3%
Georgia $1,294 -$106 -7.6%
Hawaii $1,008 -$392 -28.0%
Idaho $946 -$454 -32.4%
Illinois $1,046 -$354 -25.3%
Indiana $1,056 -$344 -24.6%
Iowa $946 -$454 -32.4%
Kansas $1,330 -$70 -5.0%
Kentucky $1,912 $512 36.6%
Louisiana $2,074 $674 48.1%
Maine $864 -$536 -38.3%
Maryland $1,154 -$246 -17.6%
Massachusetts $1,122 -$278 -19.9%
Michigan $2,434 $1,034 73.9%
Minnesota $1,172 -$228 -16.3%
Mississippi $1,680 $280 20.0%
Missouri $1,242 -$158 -11.3%
Montana $1,506 $106 7.6%
Nebraska $1,104 -$296 -21.1%
Nevada $1,680 $280 20.0%
New Hampshire $1,008 -$392 -28.0%
New Jersey $1,566 $166 11.9%
New Mexico $1,242 -$158 -11.3%
New York $1,476 $76 5.4%
North Carolina $808 -$592 -42.3%
North Dakota $1,146 -$254 -18.1%
Ohio $966 -$434 -31.0%
Oklahoma $1,438 $38 2.7%
Oregon $1,284 -$116 -8.3%
Pennsylvania $1,336 -$64 -4.6%
Rhode Island $1,870 $470 33.6%
South Carolina $1,268 -$132 -9.4%
South Dakota $1,182 -$218 -15.6%
Tennessee $1,226 -$174 -12.4%
Texas $1,688 $288 20.6%
Utah $1,038 -$362 -25.9%
Vermont $960 -$440 -31.4%
Virginia $840 -$560 -40.0%
Washington $1,084 -$316 -22.6%
West Virginia $1,284 -$116 -8.3%
Wisconsin $970 -$430 -30.7%
Wyoming $1,248 -$152 -10.9%

View Chart as Image

Chevrolet Bolt EV insurance rates by U.S. city

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

Chevrolet Bolt EV Insurance Rates by Model Year
Model Year Comprehensive Collision Liability Total Premium
2023 Chevrolet Bolt EV $332 $656 $398 $1,544
2022 Chevrolet Bolt EV $320 $640 $416 $1,534
2021 Chevrolet Bolt EV $310 $612 $430 $1,510
2019 Chevrolet Bolt EV $282 $548 $452 $1,440
2018 Chevrolet Bolt EV $270 $516 $456 $1,400
2017 Chevrolet Bolt EV $258 $464 $460 $1,340

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 Best Chevrolet Bolt EV Insurance

Finding cheaper rates on car insurance requires not taking risks behind the wheel, having a good credit score, paying for small claims out-of-pocket, and deciding if full coverage is necessary. Shop around at least once a year by quoting rates from direct car insurance companies, and also from local insurance agencies.

The following is a brief recap of the primary concepts that were raised in the charts and tables above.

  • You may be able to save up to $170 per year just by quoting early and online
  • Higher risk drivers who tend to receive serious violations may have to pay on average $1,650 more every year for Bolt EV insurance
  • Increasing comprehensive and collision deductibles can save approximately $525 each year
  • Teens are charged the highest rates, with premiums being up to $444 each month if comprehensive and collision insurance is included

Rates by Driver Age

Chevrolet Bolt EV Insurance Rates by Driver Age
Driver Age Premium
16 $5,330
20 $3,252
30 $1,454
40 $1,400
50 $1,282
60 $1,258

Full coverage, $500 deductibles

Rates by Deductible

Chevrolet Bolt EV Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,750
$250 $1,588
$500 $1,400
$1,000 $1,224

Full coverage, driver age 40

Rates by Liability Limit

Chevrolet Bolt EV Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,400
50/100 $1,491
100/300 $1,605
250/500 $1,902
100 CSL $1,537
300 CSL $1,788
500 CSL $1,970

Full coverage, driver age 40

Rates for High Risk Drivers

Chevrolet Bolt EV Insurance Rates for High Risk Drivers
Age Premium
16 $7,602
20 $5,186
30 $3,106
40 $3,048
50 $2,912
60 $2,888

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.

SR-22 Surcharge $199

Potential Rate Discounts

If you qualify for discounts, you may save the amounts shown below.

Discount Savings
Multi-policy $75
Multi-vehicle $75
Homeowner $22
5-yr Accident Free $103
5-yr Claim Free $91
Paid in Full/EFT $63
Advance Quote $69
Online Quote $99
Total Discounts $597
Rate after discounts $803

Discounts are estimated and may not be available from every company or in every state.

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