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:
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.
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.
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
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.
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% |
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
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
Rate Tables and Charts
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
Deductible | Premium |
---|---|
$100 | $1,750 |
$250 | $1,588 |
$500 | $1,400 |
$1,000 | $1,224 |
Full coverage, driver age 40
Rates by Liability Limit
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
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.
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 |
Discounts are estimated and may not be available from every company or in every state.
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