Chevrolet Bolt Insurance Rates

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UPDATED: Jun 6, 2023

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Estimated insurance rates for a Chevrolet Bolt are $1,218 a year for full coverage. Comprehensive costs around $232 each year, collision costs $368, and liability is $460. A liability-only policy costs around $510 a year, with high-risk insurance costing around $2,632. Teenage drivers pay the most at $4,716 a year or more.

Average premium for full coverage: $1,218

Premium estimates for type of coverage:

Comprehensive $232
Collision $368
Liability $460

Price estimates include $500 physical damage insurance deductibles, 30/60 split liability limits, and includes additional medical/uninsured motorist coverage. Rates include averaging for all states and Bolt models.

Insurance Price Range by Risk and Coverage

For the average driver, insurance rates for a Chevrolet Bolt go from as low as $510 for just the minimum liability insurance to a high rate of $2,632 for a high-risk insurance policy.

Liability Only $510
Full Coverage $1,218
High Risk $2,632

Insurance Price Range by Location

Choosing to live in a large city can make a big difference on auto insurance rates. Areas with sparse population are statistically proven to have a lower frequency of accident claims than densely populated cities.

The graphic below illustrates how location impacts auto insurance rates.

Rural Areas $914
Small Cities $1,279
Large Cities $1,644

These rate differences show why all drivers should compare rates quotes for a specific zip code and risk profile, instead of making a decision based on average rates.

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 Rate Analysis

The chart below shows estimated Chevrolet Bolt insurance rates for additional coverage choices and driver risks.

  • The best discount rate is $717
  • Raising to $1,000 deductibles will save about $136 a year
  • The average rate for a 40-year-old good driver using $500 deductibles is $1,218
  • Using low deductibles will increase the cost to $1,482
  • Drivers who are prone to accidents and violations could pay at least $2,632 or more
  • An auto insurance policy for full coverage for a 16-year-old driver can be $4,716

View Chart as Image

Chevrolet Bolt insurance cost comparison chart
Column chart showing full coverage Chevrolet Bolt insurance rates range from $717 to $4,716

Auto insurance prices for a Chevrolet Bolt also have a wide range based on your driving characteristics, the trim level of your Bolt, and deductibles and policy limits.

More mature drivers with a good driving record and high deductibles may pay as low as $1,100 every 12 months on average, or $92 per month, for full coverage. Prices are much higher for drivers in their teens, where even good drivers will have to pay as much as $4,700 a year. View Rates by Age

Where you choose to live also has a big influence on Chevrolet Bolt insurance prices. A middle-age driver might find prices as low as $810 a year in states like Idaho, Maine, and Iowa, or be forced to pay as much as $1,740 on average in Michigan, Louisiana, and New York.

Chevrolet Bolt Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $1,102 -$116 -9.5%
Alaska $934 -$284 -23.3%
Arizona $1,014 -$204 -16.7%
Arkansas $1,218 -$0 0.0%
California $1,390 $172 14.1%
Colorado $1,166 -$52 -4.3%
Connecticut $1,254 $36 3.0%
Delaware $1,380 $162 13.3%
Florida $1,524 $306 25.1%
Georgia $1,124 -$94 -7.7%
Hawaii $876 -$342 -28.1%
Idaho $826 -$392 -32.2%
Illinois $908 -$310 -25.5%
Indiana $918 -$300 -24.6%
Iowa $822 -$396 -32.5%
Kansas $1,158 -$60 -4.9%
Kentucky $1,664 $446 36.6%
Louisiana $1,804 $586 48.1%
Maine $754 -$464 -38.1%
Maryland $1,006 -$212 -17.4%
Massachusetts $976 -$242 -19.9%
Michigan $2,118 $900 73.9%
Minnesota $1,020 -$198 -16.3%
Mississippi $1,460 $242 19.9%
Missouri $1,080 -$138 -11.3%
Montana $1,310 $92 7.6%
Nebraska $962 -$256 -21.0%
Nevada $1,462 $244 20.0%
New Hampshire $880 -$338 -27.8%
New Jersey $1,364 $146 12.0%
New Mexico $1,080 -$138 -11.3%
New York $1,284 $66 5.4%
North Carolina $702 -$516 -42.4%
North Dakota $998 -$220 -18.1%
Ohio $842 -$376 -30.9%
Oklahoma $1,252 $34 2.8%
Oregon $1,118 -$100 -8.2%
Pennsylvania $1,164 -$54 -4.4%
Rhode Island $1,628 $410 33.7%
South Carolina $1,104 -$114 -9.4%
South Dakota $1,028 -$190 -15.6%
Tennessee $1,068 -$150 -12.3%
Texas $1,470 $252 20.7%
Utah $902 -$316 -25.9%
Vermont $834 -$384 -31.5%
Virginia $730 -$488 -40.1%
Washington $944 -$274 -22.5%
West Virginia $1,118 -$100 -8.2%
Wisconsin $844 -$374 -30.7%
Wyoming $1,088 -$130 -10.7%

View Chart as Image

Chevrolet Bolt insurance rates by U.S. city

Using high physical damage deductibles can reduce prices by up to $400 annually, whereas increasing liability limits will increase prices. Going from a 50/100 limit to a 250/500 limit will cost up to $414 extra every year. View Rates by Deductible or Liability Limit

If you have a few violations or tend to cause accidents, you could be paying at least $1,400 to $2,000 in extra premium annually, depending on your age. Insurance for high-risk drivers is expensive and can cost from 42% to 128% more than a normal policy. View High Risk Driver Rates

With such a large range in prices, the only way to know your exact price is to do a rate comparison from multiple companies. Every auto insurance company uses a different method to calculate prices, and quoted prices will be substantially different from one company to the next.

Chevrolet Bolt Insurance Rates by Model Year
Model Year Comprehensive Collision Liability Total Premium
2020 Chevrolet Bolt $270 $474 $452 $1,354
2017 Chevrolet Bolt $232 $368 $460 $1,218

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 Find Cheaper Chevrolet Bolt Insurance

Finding better rates on insurance for a Chevrolet Bolt consists of being a low-risk driver, having good credit, not filing small claims, and maximizing policy discounts. Spend time shopping around at least every other year by getting quotes from direct carriers like Progressive, GEICO, and Esurance, and also from local insurance agents.

The items below are a condensed summary of the car insurance concepts touched on above.

  • Drivers considered higher risk with multiple at-fault accidents may be required to pay an average of $1,410 more every year to insure their Bolt
  • Drivers can save up to $140 per year simply by quoting online in advance
  • Increasing policy deductibles can save around $400 each year
  • Insureds who may need more liability coverage will pay an extra $510 each year to raise from 30/60 bodily injury limits to 250/500 limits

Rates by Driver Age

Chevrolet Bolt Insurance Rates by Driver Age
Driver Age Premium
16 $4,716
20 $2,800
30 $1,256
40 $1,218
50 $1,116
60 $1,094

Full coverage, $500 deductibles

Rates by Deductible

Chevrolet Bolt Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,482
$250 $1,360
$500 $1,218
$1,000 $1,082

Full coverage, driver age 40

Rates by Liability Limit

Chevrolet Bolt Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,218
50/100 $1,310
100/300 $1,425
250/500 $1,724
100 CSL $1,356
300 CSL $1,609
500 CSL $1,793

Full coverage, driver age 40

Rates for High Risk Drivers

Chevrolet Bolt Insurance Rates for High Risk Drivers
Age Premium
16 $6,688
20 $4,460
30 $2,674
40 $2,632
50 $2,516
60 $2,492

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 $167

Potential Rate Discounts

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

Discount Savings
Multi-policy $64
Multi-vehicle $65
Homeowner $20
5-yr Accident Free $82
5-yr Claim Free $78
Paid in Full/EFT $50
Advance Quote $57
Online Quote $85
Total Discounts $501
Rate after discounts $717

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

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