Chevrolet Bolt Insurance Rates

The average insurance rates for a Chevrolet Bolt are $1,218 a year for full coverage. Comprehensive costs approximately $232, collision insurance costs $368, and liability coverage costs around $460. Liability-only coverage costs as low as $510 a year, and high-risk coverage costs around $2,632. Teenage drivers cost the most to insure at up to $4,716 a year.

Average premium for full coverage: $1,218

Policy rates by type of insurance:

These estimates include $500 policy deductibles, 30/60 liability limits, and includes uninsured motorist and medical coverage. Prices are averaged for all states and for different Bolt trim levels.

Price Range Variability

Urban vs. Rural Price Range

Where you live has a large influence on car insurance rates. Rural locations are shown to have a lower frequency of accident claims than densely populated cities. The price range example below illustrates how your location can change auto insurance prices.

The examples above show why anyone shopping for car insurance should compare prices using their specific location and risk profile, rather than using average rates.

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

Additional Rate Information

The chart below shows average Chevrolet Bolt insurance rates for additional coverage and risk scenarios.

• The best discount rate is $717
• Using higher $1,000 deductibles will save $136 a year
• The average rate for a good driver age 40 who chooses $500 deductibles is $1,218
• Using more expensive low deductibles for physical damage coverage will increase the cost to $1,482
• Higher-risk drivers who are prone to accidents and violations could pay around $2,632
• Policy cost for full coverage for a teenage driver with full coverage can cost $4,716 or more

View Chart as Image

Insurance rates for a Chevrolet Bolt also range considerably based on your risk profile, the trim level of your Bolt, and physical damage deductibles and liability limits.

An older driver with no violations or accidents and high deductibles may only pay around $1,100 a year, or $92 per month, for full coverage. Rates are much higher for teenagers, where even good drivers should be prepared to pay in the ballpark of $4,700 a year. View Rates by Age

Your home state has a huge impact on Chevrolet Bolt insurance rates. A driver around age 40 might see rates as low as $810 a year in states like Iowa, Maine, and Idaho, or be forced to pay as much as $1,740 on average in New York, Louisiana, and Michigan.

View Chart as Image

Using high physical damage deductibles could cut rates by as much as $400 a year, while increasing your policy's liability limits will push rates upward. Going from a 50/100 limit to a 250/500 limit will raise rates by up to $414 more each year. View Rates by Deductible or Liability Limit

If you have a few points on your driving record or tend to cause accidents, you could be paying anywhere from $1,400 to $2,000 additional every year, depending on your age. High-risk driver insurance can be around 42% to 128% more than a normal policy. View High Risk Driver Rates

How to Find Cheap Chevrolet Bolt Insurance

Finding cheaper rates on auto insurance requires avoiding accidents and claims, having a good credit history, avoid buying unnecessary coverage, and consideration of higher deductibles. Invest the time to shop around at every policy renewal by requesting quotes from direct carriers like GEICO, Progressive, and Esurance, and also from local exclusive and independent agents.

The points below are a brief summary of the data illustrated above.

• Consumers who purchase increased liability limits will pay an extra $510 each year to increase from a 30/60 limit to 250/500 limits
• Drivers can save around $140 per year just by shopping early and online
• Increasing comprehensive and collision deductibles can save around $400 each year
• Drivers under the age of 20 are the costliest to insure, costing up to $393 each month including comprehensive and collision insurance