Cheapest 2018 Chevrolet Volt Insurance Rates in 2024

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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: Jun 6, 2023

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Searching for lower car insurance rates for your Chevrolet Volt? Are you a victim of overpriced car insurance? You’re in good company because there are a lot of people just like you who feel imprisoned by their car insurance policy.

Find out how much Chevy Volt insurance costs. There is such a variety of insurance companies to purchase coverage from, and although it’s a good thing to have a choice, lots of choices makes it harder to find the lowest rates.

How to Buy Car Insurance Online

Comparing Chevy Volt insurance costs is a ton of work if you don’t utilize the most efficient way. You can spend countless hours talking to local insurance agents in your area, or you could use the web to maximize your effort.

Many of the larger companies participate in a marketplace where insurance shoppers send in one quote, and each company provides a quote determined by their information. This saves time by eliminating quote requests for every car insurance company.

To submit your quote information now, click here to start a free quote.

The single downside to pricing coverage this way is you can’t choose the providers to get quotes from. So if you prefer to pick individual companies to compare rates, we have assembled a list of low cost car insurance companies in your area. Click to view list.

Whichever way you use, make sure you use identical coverage limits and deductibles for each price quote. If each company quotes higher or lower deductibles then you won’t be able to determine the best price for your Chevy Volt. Slightly different insurance coverages or limits can mean a large discrepancy in price. And when price shopping your coverage, quoting more provides better odds of finding lower pricing.

Chevy Volt Insurance Discounts Help Lower Rates

Companies that sell car insurance don’t necessarily list all available discounts very well, so the below list has a few of the more well known in addition to some of the lesser obvious insurance savings.

  • ABS Braking Discount – Vehicles that have steering control and anti-lock brakes are safer to drive so you can save 10 percent or more.
  • Good Driver Discount – Accident-free drivers can pay as much as 50% less for Volt insurance than drivers with accident claims.
  • Drivers Education – Reduce the cost of insurance for teen drivers by having them enroll in driver’s education if it’s offered in school.
  • Homeowners Pay Less – Owning your own home or condo can get you a discount due to the fact that maintaining a home requires personal responsibility.
  • Multi-policy Discount – If you combine your auto and homeowners policies with the same insurance company you could save nearly 15% which can help you find cheap insurance.
  • Save over 55 – If you’re over the age of 55, you can possibly qualify for reduced rates for Volt insurance.

A little note about advertised discounts, some of the credits will not apply to your bottom line cost. Most only apply to specific coverage prices like medical payments or collision. If you do the math and it seems like it’s possible to get free car insurance, nobody gets a free ride. Any qualifying discounts will definitely lower the cost of your policy.

A few of the larger companies and a selection of discounts include:

  • Progressive has discounts for homeowner, good student, continuous coverage, multi-vehicle, online signing, online quote discount, and multi-policy.
  • SAFECO may have discounts that include safe driver, teen safety rewards, drive less, homeowner, and bundle discounts.
  • American Family discounts include accident-free, air bags, TimeAway discount, good student, good driver, early bird, and Steer into Savings.
  • MetLife offers discounts for defensive driver, claim-free, good driver, multi-policy, good student, and accident-free.
  • GEICO may include discounts for daytime running lights, five-year accident-free, federal employee, good student, air bags, anti-theft, and multi-vehicle.
  • The Hartford has savings for good student, driver training, anti-theft, defensive driver, bundle, and air bag.

Before purchasing a policy, check with all companies you are considering to apply every possible discount. All car insurance discounts may not be offered in your state. To locate providers with discount rates, click here to view.

Why Your Chevy Volt Insurance Costs Might be Higher

Consumers need to have an understanding of a few of the rating criteria that play a part in calculating insurance rates. If you have some idea of what influences your rates, this empowers consumers to make smart changes that can help you get better insurance rates.

  • Too many insurance claims will drive insurance rates up – If you are the type of insured that files lots of claims don’t be surprised to see either a policy non-renewal or much higher rates. Companies give the best rates to policyholders who do not file claims often. Insurance coverage is designed for the bigger claims that can’t be paid out-of-pocket.
  • Pleasure use saves money – The more you drive in a year the higher your rates will be. Many insurance companies calculate prices based upon how the vehicle is primarily used. Cars and trucks used primarily for pleasure use can be on a lower rate level than those that get driven frequently. Make sure your policy reflects the correct driver usage, because it can save money. Having the wrong rating on your Volt may be costing you higher rates.
  • Single vs. married – Having a wife or husband may earn you lower rates when shopping for insurance. Having a spouse generally demonstrates drivers are more stable financially and it’s proven that married drivers get in fewer accidents.
  • Discounts for multiple policies – The majority of insurance companies will give lower prices for people that buy multiple policies in the form of a multi-policy discount. This can amount to ten or even up to twenty percent in some cases. If you currently are using one company, it’s in your best interest to check prices from other companies to verify if the discount is saving money.
  • Lower prices with GPS tracking and theft deterrents – Driving a car with an alarm system can earn a premium discount. Theft prevention features like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can help prevent your car from being stolen.
  • Your career may increase insurance rates – Careers like lawyers, business owners and financial analysts tend to have the highest rates attributed to high stress levels and lengthy work days. On the flip side, jobs such as actors, students and performers receive lower rates for Volt insurance.
  • Premiums are lower the older you get – Older drivers are more cautious drivers, cause fewer claims and accidents , and are generally more financially stable.Inexperience drivers have been known to be inattentive in a vehicle so they pay higher insurance rates.
  • Improve your credit rating and save – Having a good credit rating factor in determining what you pay for insurance. If your credit rating can use some improvement, you could pay less to insure your 2018 Chevrolet Volt by improving your rating. Consumers who have very high credit ratings tend to be better risks to insure than drivers with lower credit scores.

Which is the best auto insurance?

When choosing coverage for your vehicles, there isn’t really a “perfect” insurance plan. Your needs are not the same as everyone else’s so your insurance should reflect that These are some specific questions can help discover whether you would benefit from an agent’s advice.

  • When do I need to add a new car to my policy?
  • Does my policy cover my teen driver if they drive my company car?
  • Am I covered when pulling a rental trailer?
  • Which is better, split liability limits or combined limits?
  • Do I need PIP (personal injury protection) coverage in my state?
  • Is my nanny covered when driving my vehicle?
  • Am I covered when driving in Canada or Mexico?

If you can’t answer these questions but you know they apply to you, you might consider talking to a licensed agent. To find lower rates from a local agent, simply complete this short form or you can also visit this page to select a carrier.

Free Auto Insurance Comparison

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Insurance ads are Enticing

Insurance companies such as Allstate and Progressive endlessly run ads in print and on television. They all seem to state the claim that people will save just by switching to their company. Is it even possible that every company can say the same thing?

Many companies quote the lowest rates for the type of driver that will generate a profit. An example of a profitable customer could possibly be over age 30, has never had a claim, and insures a new vehicle. A driver who matches those parameters may get the lowest prices and will most likely pay quite a bit less when switching companies.

Consumers who don’t measure up to those criteria may receive higher rates and ends up with business not being written. The wording the ads use say “drivers who switch” but not “everyone who gets a quote” save that much when switching. That’s the way companies can make it sound like they have such great car insurance rates. Because of these techniques, drivers must compare quotes as often as possible. Because you never know which insurance companies will have the best rates for your profile.

Parts of Your Insurance Policy

Knowing the specifics of your insurance policy can help you determine which coverages you need at the best deductibles and correct limits. The terms used in a policy can be ambiguous and coverage can change by endorsement. Listed below are the usual coverages found on the average insurance policy.

Medical costs insurance

Medical payments and Personal Injury Protection insurance provide coverage for immediate expenses such as prosthetic devices, EMT expenses, doctor visits, surgery and chiropractic care. They can be used to fill the gap from your health insurance policy or if you lack health insurance entirely. It covers you and your occupants and also covers any family member struck as a pedestrian. PIP is not an option in every state and may carry a deductible

Collision protection

Collision coverage pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for things such as scraping a guard rail, colliding with a tree and crashing into a building. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. You can also choose a higher deductible in order to get cheaper collision rates.

UM/UIM Coverage

This coverage gives you protection from other motorists when they either have no liability insurance or not enough. It can pay for hospital bills for your injuries as well as your vehicle’s damage.

Since a lot of drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

Comprehensive or Other Than Collision

This coverage pays for damage from a wide range of events other than collision. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things like vandalism, a tree branch falling on your vehicle and rock chips in glass. The most you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle is not worth much consider dropping full coverage.


This coverage provides protection from damage or injury you incur to other people or property. This insurance protects YOU against other people’s claims, and does not provide coverage for damage sustained by your vehicle in an accident.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see values of 25/50/25 which means a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property.

Liability can pay for things like repair costs for stationary objects, structural damage, loss of income, legal defense fees and court costs. The amount of liability coverage you purchase is your choice, but consider buying as high a limit as you can afford.

Smart Shoppers get Results

When searching for cheaper Chevy Volt insurance costs, it’s not a good idea to buy less coverage just to save a little money. In many instances, someone sacrificed uninsured motorist or liability limits and discovered at claim time that their decision to reduce coverage ended up costing them more. The ultimate goal is to buy a smart amount of coverage at the best possible price, but do not sacrifice coverage to save money.

You just read quite a bit of information on how to save on 2018 Chevy Volt insurance costs. The key concept to understand is the more quotes you get, the better your chances of lowering your rates. You may even discover the biggest savings come from a lesser-known regional company. Some small companies may cover specific market segments cheaper than their larger competitors like State Farm and Allstate.

To learn more, feel free to visit the following helpful articles:

Use our FREE quote tool to compare insurance rates now!

Frequently Asked Questions

Are there any specialized insurance options or considerations for electric vehicles like the Chevy Volt?

Some insurance companies offer specialized coverage options or discounts for electric vehicles (EVs) like the Chevy Volt. These may include coverage for EV-specific components, such as the battery, or discounts for eco-friendly vehicles. It’s recommended to inquire with your insurance provider about any EV-specific options or discounts they may offer.

Can I transfer my current insurance policy to my newly purchased Chevy Volt?

In most cases, you can transfer your current insurance policy to your newly purchased Chevy Volt. However, it’s important to contact your insurance provider as soon as possible to inform them of the change and update your policy details. They may need specific information about the vehicle, such as its VIN (Vehicle Identification Number), to ensure accurate coverage.

Are there any specific maintenance requirements for my Chevy Volt to ensure insurance coverage?

While specific maintenance requirements may vary among insurance companies, it is generally recommended to maintain your vehicle according to the manufacturer’s guidelines. Regular maintenance, such as oil changes, tire rotations, and brake inspections, can contribute to the overall safety and reliability of your car, potentially reducing the risk of accidents and insurance claims.

Does the location where I live affect my Chevy Volt insurance rates?

Yes, your location can impact your insurance rates. Insurance companies consider factors such as the crime rate, frequency of accidents, and local traffic patterns when determining premiums. If you live in an area with high rates of theft or accidents, your insurance rates may be higher compared to a less risky location.

What is the difference between liability coverage and full coverage for my Chevy Volt?

Liability coverage refers to the portion of your insurance policy that covers damages and injuries you may cause to others in an accident. It does not cover damages to your own vehicle. Full coverage, on the other hand, typically includes liability coverage as well as comprehensive and collision coverage, which cover damages to your own vehicle. Full coverage is optional but provides more extensive protection.

Will the cost of insurance for my Chevy Volt decrease as it gets older?

In general, the cost of insurance for a vehicle tends to decrease as it gets older. This is because older vehicles typically have lower market values, which can result in lower premiums for comprehensive and collision coverage. However, other factors such as the car’s safety features, repair costs, and overall reliability may also impact insurance rates.

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