Chevrolet Bolt EV Insurance Rates

U.S. average insurance rates for a Chevrolet Bolt EV are $1,400 a year including full coverage. Comprehensive costs approximately $270, collision insurance costs $516, and liability costs around $456. A policy with just liability insurance costs as low as $508 a year, and coverage for high-risk drivers costs around $3,048. Teen drivers pay the highest rates at up to $5,330 a year.

Average premium for full coverage: $1,400

Price estimates by individual coverage:

These estimates include $500 physical damage insurance deductibles, split liability limits of 30/60, and includes both medical and UM/UIM coverage. Estimates are averaged for all 50 U.S. states and for different Bolt EV trim levels.

Price Range from Low to High

Geographic Price Range

Where you live can have significant affects on car insurance prices. Rural locations have a lower frequency of comprehensive and collision claims than larger metro areas. The price range example below illustrates how location helps determine auto insurance prices.

The ranges above highlight why anyone shopping for car insurance should compare prices using their specific location and risk profile, instead of using price averages.

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

Rate Comparisons

The chart below breaks down average Chevrolet Bolt EV insurance rates for additional coverage and risk scenarios.

• The lowest rate with discounts is $803
• Using higher $1,000 deductibles will save $176 every year
• The average rate for the average middle-age driver who chooses $500 deductibles is $1,400
• Choosing more expensive low deductibles for physical damage coverage will increase the cost to $1,750
• Drivers with multiple violations and an at-fault accident could pay around $3,048
• The price for full coverage for a teen driver with full coverage can cost $5,330 or more

View Chart as Image

Insurance prices for a Chevrolet Bolt EV are also quite variable based on your driving record, the model of your Bolt EV, and physical damage deductibles and liability limits.

An older driver with a clean driving record and high deductibles may pay as little as $1,300 a year for full coverage. Prices are highest for teenage drivers, where even good drivers can expect to pay in the ballpark of $5,300 a year. View Rates by Age

The state you live in has a huge impact on Chevrolet Bolt EV insurance prices. A driver around age 40 might see prices as low as $1,070 a year in states like Vermont, New Hampshire, and Missouri, or as much as $2,000 on average in Louisiana, New York, and Michigan.

View Chart as Image

Choosing high deductibles could cut prices by as much as $530 every year, while increasing your policy's liability limits will push prices upward. Changing from a 50/100 limit to a 250/500 limit will increase prices by as much as $411 more per year. View Rates by Deductible or Liability Limit

If you have some driving violations or tend to cause accidents, you are likely paying anywhere from $1,700 to $2,300 extra each year, depending on your age. High-risk driver insurance can be as much as 43% to 135% more than average. View High Risk Driver Rates

How to Find Cheap Chevrolet Bolt EV Insurance

Getting lower rates on car insurance requires being a low-risk driver, maintaining good credit, being claim-free, and possibly raising deductibles. Invest time comparing rates at least once a year by obtaining price quotes from direct car insurance companies like Progressive and GEICO, and also from insurance agencies where you live.

The items below are a brief summary of the primary concepts that were covered in the charts and tables above.

• You may be able to save around $170 per year just by shopping early and online
• Higher risk drivers that tend to have accidents or serious violations could be forced to pay on average $1,650 more per year to insure their Bolt EV
• Increasing physical damage deductibles can save around $525 each year
• Teen drivers are expensive to insure, possibly costing $444 a month for full coverage