Chevrolet Bolt EV Insurance Rates

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:

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

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.

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.

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

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.

View Chart as Image

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

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