Chevrolet Bolt Insurance Rates

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UPDATED: Jun 6, 2023

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Average insurance rates for a Chevrolet Bolt are $1,266 a year for full coverage insurance. Comprehensive insurance costs around $248 each year, collision costs $400, and liability insurance is $460. A policy with just liability insurance costs around $510 a year, with coverage for high-risk drivers costing $2,736 or more. Teen drivers receive the highest rates at $4,866 a year or more.

Average premium for full coverage: $1,266

Rate estimates for individual coverage type:

Comprehensive $248
Collision $400
Liability $460

Prices are based on $500 physical damage deductibles, 30/60 bodily injury liability limits, and includes medical and uninsured motorist coverage. Rates are averaged for all 50 states and Bolt models.

Price Range by Coverage and Risk

Using a middle-aged driver as an example, prices range go from as low as $510 for just liability coverage to a high rate of $2,736 for a driver who requires high-risk insurance.

Liability Only $510
Full Coverage $1,266
High Risk $2,736

Price Range by Location

Choosing to live in a large city has a significant impact on car insurance rates. Areas with sparse population tend to have a lower frequency of physical damage claims than larger metro areas.

The graphic below illustrates how where you live affects auto insurance rates.

Rural Areas $950
Small Cities $1,329
Large Cities $1,709

These examples illustrate why all drivers should compare rates quotes for a specific zip code and risk profile, 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.

Detailed Rate Analysis

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

  • The lowest rate with discounts is $743
  • Raising to $1,000 deductibles will save about $146 each year
  • The average rate for a 40-year-old driver using $500 deductibles is $1,266
  • Choosing low deductibles will cost an extra $284 a year
  • Higher-risk drivers with multiple violations and an at-fault accident could pay at least $2,736 or more
  • The cost for full coverage for a teen driver can be $4,866

View Chart as Image

Chevrolet Bolt insurance cost comparison chart
Column chart showing full coverage Chevrolet Bolt insurance prices range from $743 to $4,866

Insurance rates for a Chevrolet Bolt can also vary considerably based on your driver profile, the model year and trim level, and deductibles and policy limits.

More mature drivers with no violations or accidents and high deductibles could pay as little as $1,200 every 12 months on average for full coverage. Rates are highest for teen drivers, where even good drivers should be prepared to pay as much as $4,800 a year. View Rates by Age

Where you live also has a big influence on Chevrolet Bolt insurance rates. A middle-age driver might find rates as low as $830 a year in states like Vermont, Wisconsin, and North Carolina, or as much as $1,710 on average in Michigan, New York, and Florida.

Chevrolet Bolt Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $1,146 -$120 -9.5%
Alaska $972 -$294 -23.2%
Arizona $1,052 -$214 -16.9%
Arkansas $1,266 -$0 0.0%
California $1,444 $178 14.1%
Colorado $1,212 -$54 -4.3%
Connecticut $1,304 $38 3.0%
Delaware $1,436 $170 13.4%
Florida $1,586 $320 25.3%
Georgia $1,170 -$96 -7.6%
Hawaii $910 -$356 -28.1%
Idaho $858 -$408 -32.2%
Illinois $944 -$322 -25.4%
Indiana $954 -$312 -24.6%
Iowa $854 -$412 -32.5%
Kansas $1,204 -$62 -4.9%
Kentucky $1,730 $464 36.7%
Louisiana $1,876 $610 48.2%
Maine $784 -$482 -38.1%
Maryland $1,046 -$220 -17.4%
Massachusetts $1,014 -$252 -19.9%
Michigan $2,202 $936 73.9%
Minnesota $1,062 -$204 -16.1%
Mississippi $1,518 $252 19.9%
Missouri $1,124 -$142 -11.2%
Montana $1,362 $96 7.6%
Nebraska $1,000 -$266 -21.0%
Nevada $1,520 $254 20.1%
New Hampshire $914 -$352 -27.8%
New Jersey $1,418 $152 12.0%
New Mexico $1,122 -$144 -11.4%
New York $1,336 $70 5.5%
North Carolina $730 -$536 -42.3%
North Dakota $1,038 -$228 -18.0%
Ohio $876 -$390 -30.8%
Oklahoma $1,304 $38 3.0%
Oregon $1,162 -$104 -8.2%
Pennsylvania $1,210 -$56 -4.4%
Rhode Island $1,692 $426 33.6%
South Carolina $1,148 -$118 -9.3%
South Dakota $1,070 -$196 -15.5%
Tennessee $1,110 -$156 -12.3%
Texas $1,528 $262 20.7%
Utah $938 -$328 -25.9%
Vermont $868 -$398 -31.4%
Virginia $760 -$506 -40.0%
Washington $982 -$284 -22.4%
West Virginia $1,162 -$104 -8.2%
Wisconsin $878 -$388 -30.6%
Wyoming $1,130 -$136 -10.7%

View Chart as Image

Chevrolet Bolt insurance rates by U.S. city

Choosing high deductibles can reduce rates by up to $430 each year, whereas increasing liability limits will increase rates. Switching from a 50/100 limit to a 250/500 limit will cost as much as $414 more each year. View Rates by Deductible or Liability Limit

If you like to drive fast or tend to cause accidents, you are probably paying at least $1,500 to $2,100 additional per year, depending on your age. Insurance for high-risk drivers is expensive and can cost anywhere from 43% to 132% more than average. View High Risk Driver Rates

With so much variability in rates, the only way to figure out your exact price is to do a rate comparison from as many companies as possible. Every auto insurance company uses a different rate calculation, and rates can be significantly different from one company to the next.

Chevrolet Bolt Insurance Rates by Model Year
Model Year Comprehensive Collision Liability Total Premium
2020 Chevrolet Bolt $282 $512 $442 $1,394
2017 Chevrolet Bolt $248 $400 $460 $1,266

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 Affordable Chevrolet Bolt Insurance

Saving money on Chevrolet Bolt insurance consists of being a safe and courteous driver, having a good credit history, avoid buying unnecessary coverage, and taking advantage of discounts. Take the time to comparison shop at every other renewal by requesting rates from direct insurance companies like GEICO and Progressive, and also from local exclusive and independent agents.

Below is a brief review of the concepts that were touched on in the above illustrations.

  • High-risk drivers with DUI or reckless driving convictions may pay on average $1,470 more every year for auto insurance
  • Teenage drivers are charged the highest rates, costing up to $406 per month including comprehensive and collision insurance
  • It is possible to save up to $150 per year simply by quoting online in advance
  • Increasing deductibles can save around $425 each year
  • It is possible to save up to $150 per year simply by quoting online in advance

Rates by Driver Age

Chevrolet Bolt Insurance Rates by Driver Age
Driver Age Premium
16 $4,866
20 $2,910
30 $1,310
40 $1,266
50 $1,160
60 $1,136

Full coverage, $500 deductibles

Rates by Deductible

Chevrolet Bolt Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,550
$250 $1,420
$500 $1,266
$1,000 $1,120

Full coverage, driver age 40

Rates by Liability Limit

Chevrolet Bolt Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,266
50/100 $1,358
100/300 $1,473
250/500 $1,772
100 CSL $1,404
300 CSL $1,657
500 CSL $1,841

Full coverage, driver age 40

Rates for High Risk Drivers

Chevrolet Bolt Insurance Rates for High Risk Drivers
Age Premium
16 $6,912
20 $4,638
30 $2,784
40 $2,736
50 $2,616
60 $2,592

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 $174

Potential Rate Discounts

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

Discount Savings
Multi-policy $66
Multi-vehicle $67
Homeowner $20
5-yr Accident Free $87
5-yr Claim Free $81
Paid in Full/EFT $53
Advance Quote $60
Online Quote $89
Total Discounts $523
Rate after discounts $743

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

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