Chevrolet Bolt EV Insurance Rates

Average insurance rates for a Chevrolet Bolt EV are $1,440 a year with full coverage. Comprehensive insurance costs approximately $282 a year, collision insurance costs $548, and liability costs around $452. A policy with just liability insurance costs as low as $504 a year, and coverage for high-risk drivers costs $3,136 or more. 16-year-old drivers receive the highest rates at up to $5,452 a year.

Average premium for full coverage: $1,440

Rate estimates by individual coverage type:

Includes $500 policy deductibles, 30/60 split liability limits, and includes additional medical/uninsured motorist coverage. Rates are averaged for all U.S. states and Bolt EV trim levels.

Price Range by Coverage and Risk

Price Range by Location

Where you live can make a big difference on the price of insurance. Rural locations tend to have lower incidents of collision claims than congested cities. The diagram below illustrates how location impacts auto insurance prices.

These examples demonstrate why it is important to compare prices using their specific location, instead of making a decision based on rate averages.

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

Additional Rate Analysis

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

• The best full coverage rate is $822
• Using higher $1,000 deductibles will save $1,252 annually
• The estimated price for a 40-year-old driver who chooses $500 deductibles is $1,440
• Buying low $100 deductibles for physical damage coverage will cost an additional $368 annually
• High-risk insureds with multiple tickets or accidents could pay around $3,136
• The cost that insures a 16-year-old driver can cost $5,452 or more

View Chart as Image

Insurance rates for a Chevrolet Bolt EV can also vary considerably based on the trim level of your Bolt EV, your age and driving habits, and physical damage deductibles and liability limits.

If you like to drive fast or you caused an accident, you may be forking out anywhere from $1,700 to $2,400 additional per year, depending on your age. A high-risk auto insurance policy can be from 44% to 132% more than the average rate. View High Risk Driver Rates

Older drivers with no violations or accidents and higher comprehensive and collision deductibles may pay as low as $1,300 a year for full coverage. Rates are highest for teen drivers, since even teens with perfect driving records should be prepared to pay in the ballpark of $5,400 a year. View Rates by Age

Where you live has a huge impact on Chevrolet Bolt EV insurance prices. A driver around age 40 might see rates as low as $1,040 a year in states like Utah, Ohio, and New Hampshire, or at least $1,940 on average in New York, Michigan, and Florida.

View Chart as Image

Opting for high physical damage deductibles could cut rates by as much as $560 annually, while buying higher liability limits will push rates upward. Moving from a 50/100 bodily injury protection limit to a 250/500 limit will cost as much as $407 more each year. View Rates by Deductible or Liability Limit

How to Find the Cheapest Chevrolet Bolt EV Insurance

Saving money on insurance for a Chevrolet Bolt EV requires being a good driver, having a good credit score, eliminating unnecessary coverage, and consideration of higher deductibles. Comparison shop at least every other year by getting quotes from direct companies like Progressive, GEICO, and Esurance, and also from local insurance agencies.

The following list is a recap of the car insurance concepts touched on above.

• Drivers considered higher risk that have major violations or accidents may have to pay on average $1,700 more per year than a safer driver
• You may be able to save around $180 per year just by quoting early and online
• Increasing deductibles can save approximately $550 each year
• Insureds who purchase an increased level of liability coverage will pay around $500 every year to increase from a minimum limit to the 250/500 level