Chevrolet Bolt Insurance Rates
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UPDATED: Jun 6, 2023
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The average auto insurance rates for a Chevrolet Bolt are $1,320 annually for full coverage insurance. Comprehensive costs an estimated $260 a year, collision costs $446, and liability is $456. Liability-only insurance costs around $508 a year, with high-risk driver insurance costing around $2,858. 16-year-old drivers cost the most to insure at $5,040 a year or more.
Average premium for full coverage: $1,320
Policy rates broken down by type of insurance:
Estimates include $500 deductible amounts, 30/60 bodily injury liability limits, and includes medical and UM/UIM coverage. Prices are averaged for all 50 states and Bolt trim levels.
Price Range Variability
For the normal driver, Chevrolet Bolt insurance rates go from as cheap as $508 for just liability insurance to a high of $2,858 for a driver who requires high-risk insurance.
Urban vs. Rural Price Range
Choosing to live in a large city can make a big difference on the price of insurance. More rural locations are shown to have fewer physical damage claims than congested cities.
The diagram below illustrates how geographic area affects insurance prices.
The examples above illustrate why it is important to compare rates quotes for a targeted area 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.
More Rate Details
The chart below illustrates estimated Chevrolet Bolt insurance rates for other coverage scenarios.
- The best full coverage rate is $767
- Raising to $1,000 deductibles will save approximately $1,160 each year
- The estimated rate for a good driver age 40 who has $500 deductibles is $1,320
- Buying low $100 deductibles will cost $1,632
- Drivers with multiple tickets or accidents could pay up to $2,858 or more
- Policy cost with full coverage for a 16-year-old driver can cost as much as $5,040
Auto insurance rates for a Chevrolet Bolt also range considerably based on the model year and trim level, your risk profile, and liability limits and deductibles.
Older drivers with a good driving record and high physical damage deductibles may pay as low as $1,200 every 12 months on average, or $100 per month, for full coverage. Rates are highest for teenagers, where even without any violations or accidents they will have to pay at least $5,000 a year. View Rates by Age
If you have a few points on your driving record or you caused a few accidents, you are probably paying $1,600 to $2,200 in extra premium every year, depending on your age. A high-risk auto insurance policy is expensive and can cost from 44% to 135% more than the average rate. View High Risk Driver Rates
Opting for high physical damage deductibles can reduce rates by up to $480 annually, while buying higher liability limits will increase premiums. Switching from a 50/100 bodily injury limit to a 250/500 limit will raise rates by up to $411 extra every year. View Rates by Deductible or Liability Limit
Your home state also has a big influence on Chevrolet Bolt insurance prices. A middle-age driver might find rates as low as $870 a year in states like North Carolina, Wisconsin, and Vermont, or at least $1,780 on average in Florida, New York, and Michigan.
| State | Premium | Compared to U.S. Avg | Percent Difference |
|---|---|---|---|
| Alabama | $1,194 | -$126 | -9.5% |
| Alaska | $1,014 | -$306 | -23.2% |
| Arizona | $1,096 | -$224 | -17.0% |
| Arkansas | $1,320 | -$0 | 0.0% |
| California | $1,506 | $186 | 14.1% |
| Colorado | $1,262 | -$58 | -4.4% |
| Connecticut | $1,356 | $36 | 2.7% |
| Delaware | $1,496 | $176 | 13.3% |
| Florida | $1,652 | $332 | 25.2% |
| Georgia | $1,218 | -$102 | -7.7% |
| Hawaii | $948 | -$372 | -28.2% |
| Idaho | $892 | -$428 | -32.4% |
| Illinois | $984 | -$336 | -25.5% |
| Indiana | $994 | -$326 | -24.7% |
| Iowa | $892 | -$428 | -32.4% |
| Kansas | $1,254 | -$66 | -5.0% |
| Kentucky | $1,802 | $482 | 36.5% |
| Louisiana | $1,954 | $634 | 48.0% |
| Maine | $816 | -$504 | -38.2% |
| Maryland | $1,088 | -$232 | -17.6% |
| Massachusetts | $1,056 | -$264 | -20.0% |
| Michigan | $2,296 | $976 | 73.9% |
| Minnesota | $1,106 | -$214 | -16.2% |
| Mississippi | $1,582 | $262 | 19.8% |
| Missouri | $1,170 | -$150 | -11.4% |
| Montana | $1,420 | $100 | 7.6% |
| Nebraska | $1,040 | -$280 | -21.2% |
| Nevada | $1,584 | $264 | 20.0% |
| New Hampshire | $952 | -$368 | -27.9% |
| New Jersey | $1,476 | $156 | 11.8% |
| New Mexico | $1,170 | -$150 | -11.4% |
| New York | $1,392 | $72 | 5.5% |
| North Carolina | $762 | -$558 | -42.3% |
| North Dakota | $1,080 | -$240 | -18.2% |
| Ohio | $912 | -$408 | -30.9% |
| Oklahoma | $1,356 | $36 | 2.7% |
| Oregon | $1,210 | -$110 | -8.3% |
| Pennsylvania | $1,260 | -$60 | -4.5% |
| Rhode Island | $1,762 | $442 | 33.5% |
| South Carolina | $1,196 | -$124 | -9.4% |
| South Dakota | $1,114 | -$206 | -15.6% |
| Tennessee | $1,156 | -$164 | -12.4% |
| Texas | $1,590 | $270 | 20.5% |
| Utah | $978 | -$342 | -25.9% |
| Vermont | $906 | -$414 | -31.4% |
| Virginia | $792 | -$528 | -40.0% |
| Washington | $1,020 | -$300 | -22.7% |
| West Virginia | $1,210 | -$110 | -8.3% |
| Wisconsin | $916 | -$404 | -30.6% |
| Wyoming | $1,178 | -$142 | -10.8% |
Because rates have so much variability, the only way to figure out which auto insurance is cheapest is to get quotes from multiple companies. Every auto insurance company utilizes a different rate formula, and quoted rates will be varied between companies.
| Model Year | Comprehensive | Collision | Liability | Total Premium |
|---|---|---|---|---|
| 2020 Chevrolet Bolt | $298 | $530 | $430 | $1,416 |
| 2017 Chevrolet Bolt | $260 | $446 | $456 | $1,320 |
Rates are averaged for all Chevrolet Bolt 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 Low Cost Chevrolet Bolt Insurance
Finding cheaper rates on insurance for a Chevrolet Bolt consists of having a good driving record, having above-average credit, being claim-free, and qualifying for all possible discounts. Invest the time to compare rates at every other renewal by getting quotes from direct insurance companies like Progressive, GEICO, and Esurance, and also from your local independent and exclusive agents.
The next list is a review of the concepts that were presented in the illustrations above.
- Drivers considered higher risk who have several accidents or serious violations may pay on average $1,540 more annually to buy Chevrolet Bolt insurance
- Drivers age 20 and younger are the costliest to insure, possibly costing $420 each month if full coverage is included
- It is possible to save approximately $160 per year simply by quoting early and online
- Increasing comprehensive and collision deductibles could save up to $475 each year
- It is possible to save approximately $160 per year simply by quoting early and online
Rate Tables and Charts
Rates by Driver Age
| Driver Age | Premium |
|---|---|
| 16 | $5,040 |
| 20 | $3,044 |
| 30 | $1,368 |
| 40 | $1,320 |
| 50 | $1,206 |
| 60 | $1,184 |
Full coverage, $500 deductibles
Rates by Deductible
| Deductible | Premium |
|---|---|
| $100 | $1,632 |
| $250 | $1,488 |
| $500 | $1,320 |
| $1,000 | $1,160 |
Full coverage, driver age 40
Rates by Liability Limit
| Liability Limit | Premium |
|---|---|
| 30/60 | $1,320 |
| 50/100 | $1,411 |
| 100/300 | $1,525 |
| 250/500 | $1,822 |
| 100 CSL | $1,457 |
| 300 CSL | $1,708 |
| 500 CSL | $1,890 |
Full coverage, driver age 40
Rates for High Risk Drivers
| Age | Premium |
|---|---|
| 16 | $7,172 |
| 20 | $4,850 |
| 30 | $2,908 |
| 40 | $2,858 |
| 50 | $2,732 |
| 60 | $2,708 |
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 | $70 |
| Multi-vehicle | $70 |
| Homeowner | $21 |
| 5-yr Accident Free | $93 |
| 5-yr Claim Free | $85 |
| Paid in Full/EFT | $57 |
| Advance Quote | $64 |
| Online Quote | $93 |
| Total Discounts | $553 |
Discounts are estimated and may not be available from every company or in every state.
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