Chevrolet Bolt Insurance Rates
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UPDATED: Jan 6, 2020
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Average auto insurance rates for a Chevrolet Bolt are $1,416 annually with full coverage. Comprehensive costs an estimated $298, collision costs $530, and liability insurance costs $430. A policy with just liability insurance costs as little as $486 a year, with coverage for high-risk drivers costing around $3,062. Teens receive the highest rates at $5,298 a year or more.
Average premium for full coverage: $1,416
Rate estimates broken down by individual coverage type:
Rates include $500 deductible amounts, 30/60 liability limits, and includes uninsured motorist and medical coverage. Rates are averaged for all U.S. states and for different Bolt trim levels.
Price Range by Coverage and Risk
For a middle-aged driver, prices range go from as cheap as $486 for the bare minimum liability coverage to a much higher rate of $3,062 for a high risk driver.
Price Range by Location
Your location has a significant impact on car insurance rates. More rural locations tend to have fewer collision claims than cities with more traffic congestion.
The price range example below illustrates the effect of location on insurance prices.
These examples demonstrate why anyone shopping for car insurance should compare rates for a targeted area and their own personal driving habits, rather than relying on averaged prices.
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 Information
The chart below details estimated Chevrolet Bolt insurance rates for other coverage scenarios.
- The cheapest rate after discounts is $815
- Drivers who choose higher $1,000 deductibles will pay approximately $188 annually
- The estimated rate for a 40-year-old driver who has $500 deductibles is $1,416
- Selecting more expensive low deductibles for comprehensive and collision insurance will cost $1,780
- High risk drivers with serious driving violations could pay up to $3,062 or more
- The cost with full coverage for a teen driver with full coverage can cost as much as $5,298 a year
Insurance rates for a Chevrolet Bolt can also vary considerably based on the trim level of your Bolt, your driving record, and liability limits and deductibles.
An older driver with no violations or accidents and high physical damage deductibles could pay as little as $1,300 per year on average for full coverage. Rates are much higher for teen drivers, where even without any violations or accidents they should be prepared to pay at least $5,200 a year. View Rates by Age
If you like to drive fast or you caused a few accidents, you may be forking out $1,700 to $2,300 additional per year, depending on your age. High-risk driver insurance can cost anywhere from 43% to 134% more than the average policy. View High Risk Driver Rates
Choosing higher comprehensive and collision insurance deductibles could save up to $560 each year, while increasing your policy's liability limits will increase premiums. Moving from a 50/100 bodily injury limit to a 250/500 limit will cost as much as $387 more each year. View Rates by Deductible or Liability Limit
Where you live makes a big difference in Chevrolet Bolt insurance rates. A 40-year-old driver could pay as low as $1,020 a year in states like Utah, Ohio, and New Hampshire, or have to pay at least $1,910 on average in New York, Michigan, and Florida.
|State||Premium||Compared to U.S. Avg||Percent Difference|
With so much variability in rates, the best way to find out which company is cheapest is to compare rates from as many companies as possible. Every company calculates rates differently, and rates can be significantly different between companies.
|Model Year||Comprehensive||Collision||Liability||Total Premium|
|2017 Chevrolet Bolt||$298||$530||$430||$1,416|
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 Cheaper Chevrolet Bolt Insurance
Saving money on Chevrolet Bolt insurance not only requires having a good driving record, but also having good credit, eliminating unnecessary coverage, and maximizing policy discounts. Take the time to shop around at least every two years by obtaining price quotes from direct companies like Progressive and GEICO, and also from several local insurance agents.
The next list is a summary of the information that was covered in this article.
- Increasing deductibles could save up to $550 each year
- You may be able to save approximately $170 per year simply by shopping early and online
- Drivers who want increased levels of liability coverage will pay approximately $470 every year to go from a minimum limit to higher 250/500 limits
- Drivers age 20 and younger are expensive to insure, with premiums as much as $442 per month if they have full coverage
- High-risk drivers that have multiple accidents or serious violations pay on average $1,650 more annually to buy Chevrolet Bolt insurance
Rate Tables and Charts
Rates by Driver Age
Full coverage, $500 deductibles
Rates by Deductible
Full coverage, driver age 40
Rates by Liability Limit
Full coverage, driver age 40
Rates for High Risk Drivers
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.
|5-yr Accident Free||$104|
|5-yr Claim Free||$92|
|Paid in Full/EFT||$64|
Discounts are estimated and may not be available from every company or in every state.