Chevrolet Bolt EV Insurance Rates

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: May 23, 2024

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The average auto insurance rates for a Chevrolet Bolt EV are $1,440 annually including full coverage. Comprehensive insurance costs on average $282 a year, collision costs $548, and liability is estimated at $452. Liability-only coverage costs approximately $504 a year, with high-risk coverage costing $3,136 or more. 16-year-old drivers cost the most to insure at $5,452 a year or more.

Average premium for full coverage: $1,440

Policy rates by type of insurance:

Comprehensive $282
Collision $548
Liability $452

Includes $500 comprehensive and collision deductibles, split liability limits of 30/60, and includes additional medical/uninsured motorist coverage. Prices are averaged for all 50 U.S. states and Bolt EV trim levels.

Price Range Variability

For a driver around age 40, Chevrolet Bolt EV insurance rates go from as cheap as $504 for just the minimum liability insurance to a high of $3,136 for coverage for higher-risk drivers.

Liability Only $504
Full Coverage $1,440
High Risk $3,136

Urban vs. Rural Price Range

Living in a larger city can make a big difference on car insurance rates. Rural areas are shown to have fewer comprehensive and collision claims than congested cities.

The diagram below illustrates the difference between rural and urban areas on car insurance rates.

Rural Areas $1,080
Small Cities $1,512
Large Cities $1,944

The examples above highlight why it is important to get quotes based on a specific location and their own personal driving habits, instead of making a decision based 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.

Additional Rate Analysis

The chart below breaks down estimated Chevrolet Bolt EV insurance rates for different risk profiles and scenarios.

  • The best full coverage rate is $822
  • Choosing higher $1,000 deductibles can save around $1,252 every year
  • The estimated rate for a good driver age 40 with $500 deductibles is $1,440
  • Buying low $100 deductibles for comp and collision coverage costs an additional $368 annually
  • Higher-risk drivers with multiple tickets or accidents could pay upwards of $3,136 or more
  • Policy cost with full coverage for a 16-year-old driver may cost $5,452 each year

View Chart as Image

Chevrolet Bolt EV insurance cost comparison chart
Column chart showing full coverage Chevrolet Bolt EV insurance prices range from $822 to $5,452

Insurance rates for a Chevrolet Bolt EV also range considerably based on the model year and trim level, your driving characteristics, and policy deductibles and limits.

Older drivers with no violations or accidents and high physical damage deductibles may pay as low as $1,300 annually on average, or $108 per month, for full coverage. Rates are highest for teenagers, where even without any violations or accidents they should be prepared to pay upwards of $5,400 a year. View Rates by Age

If you have a few points on your driving record or you caused a few accidents, you are likely paying at a minimum $1,700 to $2,400 additional every year, depending on your age. A high-risk auto insurance policy ranges from 44% to 132% more than the average rate. View High Risk Driver Rates

Opting for high physical damage deductibles can save as much as $560 annually, while buying higher liability limits will cost you more. Changing from a 50/100 bodily injury limit to a 250/500 limit will raise rates by up to $407 more each year. View Rates by Deductible or Liability Limit

Your home state plays a big part in determining prices for Chevrolet Bolt EV insurance prices. A good driver about age 40 could pay as low as $1,110 a year in states like Missouri, New Hampshire, and Vermont, or at least $2,050 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 $1,302 -$138 -9.6%
Alaska $1,104 -$336 -23.3%
Arizona $1,196 -$244 -16.9%
Arkansas $1,440 -$0 0.0%
California $1,640 $200 13.9%
Colorado $1,374 -$66 -4.6%
Connecticut $1,480 $40 2.8%
Delaware $1,628 $188 13.1%
Florida $1,802 $362 25.1%
Georgia $1,328 -$112 -7.8%
Hawaii $1,034 -$406 -28.2%
Idaho $974 -$466 -32.4%
Illinois $1,074 -$366 -25.4%
Indiana $1,084 -$356 -24.7%
Iowa $970 -$470 -32.6%
Kansas $1,368 -$72 -5.0%
Kentucky $1,964 $524 36.4%
Louisiana $2,130 $690 47.9%
Maine $888 -$552 -38.3%
Maryland $1,186 -$254 -17.6%
Massachusetts $1,150 -$290 -20.1%
Michigan $2,502 $1,062 73.8%
Minnesota $1,206 -$234 -16.3%
Mississippi $1,724 $284 19.7%
Missouri $1,278 -$162 -11.3%
Montana $1,546 $106 7.4%
Nebraska $1,136 -$304 -21.1%
Nevada $1,728 $288 20.0%
New Hampshire $1,038 -$402 -27.9%
New Jersey $1,610 $170 11.8%
New Mexico $1,276 -$164 -11.4%
New York $1,516 $76 5.3%
North Carolina $830 -$610 -42.4%
North Dakota $1,180 -$260 -18.1%
Ohio $994 -$446 -31.0%
Oklahoma $1,478 $38 2.6%
Oregon $1,318 -$122 -8.5%
Pennsylvania $1,374 -$66 -4.6%
Rhode Island $1,920 $480 33.3%
South Carolina $1,304 -$136 -9.4%
South Dakota $1,216 -$224 -15.6%
Tennessee $1,260 -$180 -12.5%
Texas $1,736 $296 20.6%
Utah $1,066 -$374 -26.0%
Vermont $986 -$454 -31.5%
Virginia $862 -$578 -40.1%
Washington $1,114 -$326 -22.6%
West Virginia $1,320 -$120 -8.3%
Wisconsin $996 -$444 -30.8%
Wyoming $1,282 -$158 -11.0%

View Chart as Image

Chevrolet Bolt EV insurance rates by U.S. city

Because rates have so much variability, the best way to figure out exactly what you will pay is to get quotes from multiple companies. Each auto insurer utilizes a different rate formula, and rates will be varied between companies.

Chevrolet Bolt EV Insurance Rates by Model Year
Model Year Comprehensive Collision Liability Total Premium
2023 Chevrolet Bolt EV $346 $660 $390 $1,554
2022 Chevrolet Bolt EV $332 $656 $398 $1,544
2021 Chevrolet Bolt EV $320 $640 $416 $1,534
2019 Chevrolet Bolt EV $292 $592 $442 $1,484
2018 Chevrolet Bolt EV $282 $548 $452 $1,440
2017 Chevrolet Bolt EV $270 $516 $456 $1,400

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 Buy the Cheapest Chevrolet Bolt EV Insurance

Finding cheaper rates on insurance for a Chevrolet Bolt EV takes having a decent driving record, having good credit, paying for small claims out-of-pocket, and insuring your home and auto with the same company. Set aside time to compare rates at least once a year by getting rate quotes from direct car insurance companies like Progressive, GEICO, and Esurance, and also from several local insurance agents.

The following items are a recap of the primary concepts that were covered above.

  • You may be able to save as much as $180 per year simply by quoting early and online
  • Drivers considered higher risk that have major violations or accidents pay on average $1,700 more each year than a driver with a clean driving record
  • Increasing comprehensive and collision deductibles could save up to $550 each year
  • 16 to 18-year-old drivers pay higher rates, with premiums being up to $454 each month if they have full coverage

Rates by Driver Age

Chevrolet Bolt EV Insurance Rates by Driver Age
Driver Age Premium
16 $5,452
20 $3,348
30 $1,496
40 $1,440
50 $1,316
60 $1,292

Full coverage, $500 deductibles

Rates by Deductible

Chevrolet Bolt EV Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,808
$250 $1,636
$500 $1,440
$1,000 $1,252

Full coverage, driver age 40

Rates by Liability Limit

Chevrolet Bolt EV Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,440
50/100 $1,530
100/300 $1,643
250/500 $1,937
100 CSL $1,576
300 CSL $1,824
500 CSL $2,005

Full coverage, driver age 40

Rates for High Risk Drivers

Chevrolet Bolt EV Insurance Rates for High Risk Drivers
Age Premium
16 $7,782
20 $5,336
30 $3,198
40 $3,136
50 $2,996
60 $2,970

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 $205

Potential Rate Discounts

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

Discount Savings
Multi-policy $77
Multi-vehicle $77
Homeowner $22
5-yr Accident Free $107
5-yr Claim Free $94
Paid in Full/EFT $66
Advance Quote $72
Online Quote $103
Total Discounts $618
Rate after discounts $822

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

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