Chevrolet Bolt EV Insurance Rates

The average insurance prices for a Chevrolet Bolt EV are $1,340 every 12 months with full coverage. Comprehensive costs approximately $258 a year, collision insurance costs $464, and liability coverage is $460. Liability-only coverage costs around $510 a year, and high-risk coverage costs around $2,908. Teenage drivers cost the most to insure at up to $5,128 a year.

Average premium for full coverage: $1,340

Policy rates by type of insurance:

Prices include $500 comprehensive and collision deductibles, 30/60 bodily injury liability limits, and includes uninsured/under-insured motorist coverage. Prices are averaged for all U.S. states and Bolt EV trim levels.

Price Range Variability

Urban vs. Rural Price Range

Choosing to live in a large city has a large influence on the price of insurance. Rural locations are shown to have more infrequent collision claims than densely populated cities. The diagram below illustrates how location impacts auto insurance prices.

The examples above demonstrate why it is important to compare rates quotes using their specific location and their own driving history, rather than using average rates.

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

More Rate Information

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

• The best discount rate is $774
• Raising to $1,000 deductibles will save $1,176 annually
• The average price for a good driver age 40 who chooses $500 deductibles is $1,340
• Using low $100 deductibles increases the price to $1,658
• Unlucky drivers who are prone to accidents and violations could pay around $2,908
• Policy cost to insure a teenage driver can cost $5,128

View Chart as Image

Insurance rates for a Chevrolet Bolt EV also range considerably based on liability limits and deductibles, your driving record, and the model of your Bolt EV.

Using high physical damage deductibles can reduce rates by up to $490 a year, while buying higher liability limits will push rates upward. Moving from a 50/100 liability limit to a 250/500 limit will raise rates by up to $414 more each year. View Rates by Deductible or Liability Limit

Older drivers with no violations or accidents and higher deductibles may only pay around $1,300 every 12 months on average, or $108 per month, for full coverage. Rates are much higher for teenagers, since even excellent drivers should be prepared to pay in the ballpark of $5,100 a year. View Rates by Age

If you have a few points on your driving record or you were responsible for an accident, you may be forking out anywhere from $1,600 to $2,200 additional every year, depending on your age. A high-risk auto insurance policy is expensive and can cost around 43% to 133% more than a normal policy. View High Risk Driver Rates

Your home state also has a big influence on Chevrolet Bolt EV insurance rates. A middle-age driver might find rates as low as $970 a year in states like Utah, Ohio, and New Hampshire, or be forced to pay as much as $1,810 on average in New York, Michigan, and Florida.

View Chart as Image

How to Shop for the Right Chevrolet Bolt EV Insurance

Finding cheaper rates on auto insurance consists of avoiding accidents and violations, having above-average credit, not filing small claims, and consideration of higher deductibles. Spend time shopping around at every other renewal by getting quotes from direct companies, and also from insurance agencies where you live.

The list below is a quick rundown of the concepts that were touched on above.

• Drivers with reckless driving or DUI convictions could be forced to pay on average $1,570 more per year for car insurance
• Teenagers are the costliest to insure, as much as $427 each month if full coverage is included
• You may be able to save around $160 per year just by quoting early and online
• Increasing comprehensive and collision deductibles could save as much as $475 each year
• You may be able to save around $160 per year just by quoting early and online