Chevrolet Volt 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: Apr 20, 2024

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Car insurance can be expensive if you don’t know how to shop around for insurance. You may even think you already have a good rate, but a little shopping may reveal you could save hundreds more on car insurance. If you need to save on your Chevrolet Volt’s car insurance costs, you’ve come to the right place.

Our guide goes over rate changes by area, coverage, safety ratings, and much more, so you can understand how insurers calculate your rates and what to do to save money.

If you want to jump right into comparing average Chevrolet Volt car insurance rates, use our free rate tool by entering your ZIP code.

Estimated insurance rates for a Chevrolet Volt are $1,354 a year for full coverage insurance. Comprehensive costs an estimated $260 a year, collision costs $472, and liability insurance costs $464. A liability-only policy costs as little as $514 a year, with high-risk insurance costing around $2,942. Teen drivers pay the most at $5,182 a year or more.

Average premium for full coverage: $1,354

Premium estimates broken down by type of coverage:

Comprehensive $260
Collision $472
Liability $464

Estimates include $500 policy deductibles, liability limits of 30/60, and includes medical/PIP and uninsured motorist coverage. Rates include averaging for all 50 states and Volt trim levels.

Insurance Price Range by Risk and Coverage

For an average driver, insurance rates for a Chevrolet Volt go from the low end price of $514 for liability-only coverage to a high of $2,942 for a driver that may need high-risk insurance.

Liability Only $514
Full Coverage $1,354
High Risk $2,942

Insurance Price Range by Location

Your location has a significant impact on the price of insurance. More rural locations are statistically proven to have lower incidents of physical damage claims than larger metro areas.

The diagram below illustrates the effect of geographic area on insurance prices.

Rural Areas $1,016
Small Cities $1,422
Large Cities $1,828

These rate differences illustrate why it is important to compare rates for a targeted area, rather than relying on 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.

Additional Charts and Tables

The chart below illustrates estimated Chevrolet Volt insurance rates for other coverage scenarios.

  • The lowest rate with discounts is $782
  • Drivers who choose higher $1,000 deductibles will pay approximately $1,188 each year
  • The estimated price for a 40-year-old good driver who has $500 deductibles is $1,354
  • Choosing low $100 deductibles for comprehensive and collision insurance bumps up the cost to $1,676
  • High risk drivers with multiple violations and an at-fault accident could pay up to $2,942 or more
  • An auto insurance policy that insures a teen driver can cost as much as $5,182 a year

View Chart as Image

Chevrolet Volt insurance cost comparison chart
Column chart showing full coverage Chevrolet Volt insurance rates range from $782 to $5,182

Auto insurance prices for a Chevrolet Volt also have a wide range based on the trim level of your Volt, your age and driving record, and liability limits and deductibles.

If you have a few violations or you caused an accident, you are probably paying $1,600 to $2,200 in extra premium annually, depending on your age. A high-risk auto insurance policy can cost anywhere from 42% to 132% more than average. View High Risk Driver Rates

Older drivers with a good driving record and higher comprehensive and collision deductibles could pay as little as $1,300 per year on average, or $108 per month, for full coverage. Prices are highest for drivers in their teens, since even teens with perfect driving records will have to pay at least $5,100 a year. View Rates by Age

Where you choose to live makes a big difference in Chevrolet Volt insurance rates. A 40-year-old driver could pay as low as $890 a year in states like North Carolina, Wisconsin, and Vermont, or as much as $1,830 on average in Florida, New York, and Michigan.

Chevrolet Volt Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $1,224 -$130 -9.6%
Alaska $1,040 -$314 -23.2%
Arizona $1,126 -$228 -16.8%
Arkansas $1,354 -$0 0.0%
California $1,544 $190 14.0%
Colorado $1,294 -$60 -4.4%
Connecticut $1,394 $40 3.0%
Delaware $1,534 $180 13.3%
Florida $1,694 $340 25.1%
Georgia $1,250 -$104 -7.7%
Hawaii $974 -$380 -28.1%
Idaho $916 -$438 -32.3%
Illinois $1,010 -$344 -25.4%
Indiana $1,020 -$334 -24.7%
Iowa $914 -$440 -32.5%
Kansas $1,286 -$68 -5.0%
Kentucky $1,848 $494 36.5%
Louisiana $2,006 $652 48.2%
Maine $836 -$518 -38.3%
Maryland $1,118 -$236 -17.4%
Massachusetts $1,086 -$268 -19.8%
Michigan $2,354 $1,000 73.9%
Minnesota $1,134 -$220 -16.2%
Mississippi $1,624 $270 19.9%
Missouri $1,202 -$152 -11.2%
Montana $1,456 $102 7.5%
Nebraska $1,068 -$286 -21.1%
Nevada $1,624 $270 19.9%
New Hampshire $976 -$378 -27.9%
New Jersey $1,514 $160 11.8%
New Mexico $1,200 -$154 -11.4%
New York $1,428 $74 5.5%
North Carolina $782 -$572 -42.2%
North Dakota $1,108 -$246 -18.2%
Ohio $936 -$418 -30.9%
Oklahoma $1,390 $36 2.7%
Oregon $1,240 -$114 -8.4%
Pennsylvania $1,292 -$62 -4.6%
Rhode Island $1,808 $454 33.5%
South Carolina $1,228 -$126 -9.3%
South Dakota $1,144 -$210 -15.5%
Tennessee $1,188 -$166 -12.3%
Texas $1,632 $278 20.5%
Utah $1,004 -$350 -25.8%
Vermont $928 -$426 -31.5%
Virginia $812 -$542 -40.0%
Washington $1,046 -$308 -22.7%
West Virginia $1,240 -$114 -8.4%
Wisconsin $938 -$416 -30.7%
Wyoming $1,208 -$146 -10.8%

View Chart as Image

Chevrolet Volt insurance rates by U.S. city

Choosing high deductibles could save up to $490 each year, while buying higher liability limits will increase premiums. Switching from a 50/100 bodily injury protection limit to a 250/500 limit will cost up to $417 extra every year. View Rates by Deductible or Liability Limit

With such a large range in prices, the only way to figure out which insurance company is cheapest is to get quotes from as many companies as possible. Every company uses a different rate calculation, and quoted prices will be substantially different.

Chevrolet Volt Insurance Rates by Model Year
Model Year Comprehensive Collision Liability Total Premium
2019 Chevrolet Volt $326 $698 $442 $1,624
2018 Chevrolet Volt $312 $648 $452 $1,570
2017 Chevrolet Volt $300 $610 $456 $1,524
2016 Chevrolet Volt $288 $548 $460 $1,454
2015 Chevrolet Volt $270 $504 $460 $1,392
2014 Chevrolet Volt $260 $472 $464 $1,354
2013 Chevrolet Volt $254 $440 $474 $1,326
2012 Chevrolet Volt $234 $410 $474 $1,276
2011 Chevrolet Volt $228 $372 $478 $1,236

Rates are averaged for all Chevrolet Volt 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 Low Cost Chevrolet Volt Insurance

Finding better rates on Chevrolet Volt insurance not only requires avoiding accidents and claims, but also maintaining a good credit score, paying for small claims out-of-pocket, and qualifying for all possible discounts. Shop around once a year by getting quotes from direct insurance companies, and also from local insurance agencies.

The points below are a review of the data that was covered in the above illustrations.

  • It is possible to save approximately $160 per year simply by quoting early and online
  • Drivers who want increased liability limits will pay about $510 annually to go from 30/60 bodily injury limits to the 250/500 level
  • Drivers under the age of 20 are the costliest to insure, with premiums being up to $432 per month if the policy includes full coverage
  • High-risk drivers who have several accidents or serious violations may have to pay on average $1,590 more annually to insure a Chevrolet Volt

Just by getting quotes, you can save over $200 a year.

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How does the size and class of the Chevrolet Volt affect liability rates?

What does liability insurance cover? Required in most states, this coverage will protect you if you hit another driver by paying for the other driver’s medical bills and property damage costs. Insurers will raise your rates if your vehicle is in a size class that is proven to cause significant damage to other vehicles.

To help you understand how the size and class function in crashes, watch the crash test between a large SUV and a small car.

With liability insurance, it is not how your car fares in a crash that matters to insurers but how other cars will fare around your vehicle. This is why if your car is also shown to be likely to crash (perhaps there is a defect in the car or the car simply has a powerful engine encouraging speeding), insurers will raise your rates.

Because the Chevrolet Volt is a small, four-door car, it likely won’t do much damage to other cars. So unless it is prone to crashing, the liability rates shouldn’t be too bad. To make sure of this, however, we are going to take a look at the Insurance Institute for Highway Safety’s (IIHS) data on insurance losses by vehicle make and model.

  • Bodily injury liability loss: -6 percent (average)
  • Property damage liability loss: -12 percent (average)

Even though the Chevrolet Volt’s liability losses are average for its size group, the losses are still negative, which is great. Based on these losses, we can assume that the Chevrolet Volt has average insurance rates for liability coverage. To make sure, however, we are going to go over rates in the next section.

What does liability insurance cost for the Chevrolet Volt?

We went ahead and got a sample quote from Geico to show you how much liability insurance will cost and how it can change as you increase your coverage level. Our quote is based on a 40-year-old male driver in Pennsylvania who owns a 2019 Chevrolet Volt, has a bachelor’s degree, travels 13,000 miles a year, and has a clean driving record. Let’s start with the average rates for six months of bodily injury coverage.

  • Low ($15,000/$30,000): $40.67
  • Medium ($100,000/$200,000): $83.37
  • High ($500,000/$500,000): $134.21

It will cost you an average of $43 to upgrade to medium coverage and $94 to upgrade to high coverage. This breaks down to $7 a month or $15 a month. The next set of rates is for property damage liability coverage.

  • Low ($5,000): $436.93
  • Medium ($20,000): $466.16
  • High ($100,000): $487.53

The costs for upgrades for property damage liability coverage are low. It is only $30 more for medium coverage (or $5 a month) and $51 for high coverage (or $8 a month). This means that for both bodily injury and property damage liability, you will pay $12 more a month for medium coverage and $23 more a month for high coverage.

Broken down like this, the costs don’t seem as bad. We highly recommend purchasing at least medium coverage for your vehicle. Not having a high limit of liable coverage leaves you vulnerable to out of pocket costs and legal action.

What are the safety features and ratings of the Chevrolet Volt?

Car manufacturers have come a long way since they produced the first cars, which often didn’t even include seat belts. Today, the importance of safety features is emphasized by car manufacturers, and you should take note of them. The more safety features your car has, the cheaper your insurance rate will be.

AutoBlog.com found that the 2019 Chevrolet Volt has the following standard safety features:

  • Crash prevention features include anti-lock brakes and stability control.
  • Crash safety features include front-impact airbags, side-impact airbags, overhead airbags, knee airbags, and seatbelt pretensioners.
  • Anti-theft protection features include vehicle intrusion alarm and ignition disable device.

The Chevrolet Volt’s multiple airbags offer more protection, which is important as the Chevrolet is a smaller vehicle. However, the base model’s feature list is missing anti-whiplash headrests, which can help prevent neck injuries in a crash. Still, overhead airbags should help protect passengers in case of a rollover.

In addition to safety feature discounts, the crash rating of your vehicle model can help reduce your rates. The IIHS performed crashworthiness tests on the 2015 Chevrolet Volt sedan and hatchback models. Let’s take a look at how these two versions fared.

  • Small overlap front (driver-side) crash test: Good (hatchback) and Acceptable (sedan).
  • Moderate overlap front: Good (hatchback) and Good (sedan).
  • Side: Good (hatchback) and Good (sedan).
  • Roof strength: Good (hatchback) and Good (sedan).
  • Head restraints and seats: Good (hatchback) and Good (sedan).

Both versions of the 2015 Chevrolet Volt did well, as good is the highest rating and acceptable is the second-highest rating. Because the Chevrolet Volt has such great crashworthiness tests, you should have a lower rate, especially if you have the sedan version (the IIHS awarded the 2015 Chevrolet sedan the top safety pick award for 2015).

However, cars do have more fatalities than SUVs and pickups, so rates may still be a little higher. The IIHS’s 2018 data on driver fatalities per million vehicles recorded the following fatalities: 48 car fatalities, 34 pickup fatalities, and 23 SUV fatalities. For all occupant fatalities, the numbers are as follows: 69 car fatalities, 42 pickup fatalities, and 32 SUV deaths.

The IIHS’s data suggests that pickups and SUVs are safer than cars. However, a more extensive study on crash performance would have to be done to make certain. There is some data on fatalities by crash types for cars, which we’ve included below.

  • Frontal Impact: 7,433 fatalities
  • Side Impact: 3,568 fatalities
  • Rear Impact: 834 fatalities
  • Other (mostly rollovers): 1,303 fatalities

There were a total of 13,138 fatalities for cars in 2018, which is very high. To put this number in perspective, in 2018, there were a total of 4,369 pickup fatalities and 5,035 SUV fatalities. Still, the great crash ratings of the Chevrolet Volt will balance out the negativity of higher fatality rates for cars, so you should still get a decent rate.

What is the MSRP of the Chevrolet Volt?

MSRP is an acronym for the manufacturer suggested retail price. This is the value a manufacturer believes its car is worth. Sellers will use the MSRP to create their invoice price, also known as the sticker price. Few people will pay the sticker price or the MSRP price.

Instead, shoppers will often purchase a car at what is known as the fair market price. This is the price you should be looking for when you shop for a vehicle. Watch the video below for a further explanation of these car prices.

Below, you can see Kelley Blue Book’s (KBB) price estimates for a 2019 Chevrolet Volt.

  • MSRP: $34,395
  • Invoice: $33,121
  • Fair Market Range: $30,264 to $33,295
  • Fair Purchase Price: $31,780

The fair purchase price is significantly lower than the MSRP and invoice prices. However, insurers don’t really care about the fair purchase price. The price that insurers use to calculate your collision and comprehensive car insurance rates is the MSRP.

The MSRP gives insurers an idea of how much parts will cost for repairs or how much it will cost to replace your car if you total it. If insurers don’t calculate rates properly, they risk a financial loss if you file a claim. This is also why lenders sometimes force people to buy comprehensive and collision car insurance when they sign the car lease.

If lenders don’t use force-placed insurance, they have no guarantee that drivers will carry collision and comprehensive coverage. These two coverages are what protect your lender from financial loss if you are in any of the following types of crashes:

  • Collision coverage covers repair costs if you collide with another vehicle or an object like a fence post.
  • Comprehensive coverage covers repair costs if natural disasters or bad weather wreck your vehicle. It will also cover damage from animal collisions, vandalism, and theft.

Both lenders and insurers will use the loss history (claims paid) on your vehicle to help determine rates for these two coverages. Insurers are well aware of what the best and worst vehicles are for overall collision losses. If your vehicle has poor losses, you will pay more.

While the IIHS listed great losses for comprehensive coverage, collision coverage losses were only average.

  • Chevrolet Volt Collision Losses: -6 percent (average)
  • Chevrolet Volt Comprehensive Losses: -32 percent (substantially better than average)

Since the Chevrolet Volt’s losses are decent, you shouldn’t have a very high rate for car insurance.

How much will it cost to repair my Chevrolet Volt?

If you have a deductible, you will have to pay for some of the repairs yourself until insurance steps in. For example, if you have a $500 deductible and are in an accident, you will have to pay $500 towards accident costs before your insurer will pay the rest. This is why it’s important to pick a deductible that you can pay.

Insurers, however, are concerned with the costs of repair, not what your deductible is. After all, your deductible is what you’ll have to pay. The costs of repair are what your insurer will have to pay to get you back on the road.

On RepairPal.com, the Chevrolet Volt’s alternative fuel average annual repair costs are estimated to be $550. This price estimate includes regular maintenance, such as inspections and oil changes. While the Chevrolet Volt’s average repair costs are less than repair costs for all vehicles ($652), it is still more expensive than repair costs for alternative fuel vehicles ($471).

Still, RepairPal.com gave the Chevrolet Volt a reliability rating of four out of five stars. This is great, as it means the Chevrolet Volt is more reliable than other vehicles. This means fewer breakdowns and unscheduled trips to the repair shop.

Our hope is that our guide to the Chevrolet Volt’s rates has given you the tools you need to find cheap car insurance. By understanding the basics of what determines the price of car insurance and shopping around, you can save hundreds every year. Want to start comparison shopping for Chevrolet Volt insurance costs right away? Use our free tool to start comparing rates.

Rates by Driver Age

Chevrolet Volt Insurance Rates by Driver Age
Driver Age Premium
16 $5,182
20 $3,134
30 $1,404
40 $1,354
50 $1,238
60 $1,216

Full coverage, $500 deductibles

Rates by Deductible

Chevrolet Volt Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,676
$250 $1,528
$500 $1,354
$1,000 $1,188

Full coverage, driver age 40

Rates by Liability Limit

Chevrolet Volt Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,354
50/100 $1,447
100/300 $1,563
250/500 $1,864
100 CSL $1,493
300 CSL $1,748
500 CSL $1,934

Full coverage, driver age 40

Rates for High Risk Drivers

Chevrolet Volt Insurance Rates for High Risk Drivers
Age Premium
16 $7,380
20 $4,998
30 $2,996
40 $2,942
50 $2,812
60 $2,788

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 $190

Potential Rate Discounts

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

Discount Savings
Multi-policy $72
Multi-vehicle $73
Homeowner $21
5-yr Accident Free $97
5-yr Claim Free $88
Paid in Full/EFT $59
Advance Quote $66
Online Quote $96
Total Discounts $572
Rate after discounts $782

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

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