Chevrolet Bolt EV Insurance Rates
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Michelle Robbins
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UPDATED: May 23, 2024
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The average auto insurance rates for a Chevrolet Bolt EV are $1,400 annually for full coverage insurance. Comprehensive insurance costs on average $270, collision costs $516, and liability costs around $456. A liability-only policy costs as low as $508 a year, with high-risk insurance costing $3,048 or more. Teenage drivers cost the most to insure at $5,330 a year or more.
Average premium for full coverage: $1,400
Policy rates by type of insurance:
Estimates include $500 physical damage deductibles, 30/60 liability limits, and includes uninsured motorist and medical coverage. Prices are averaged for all 50 states and for different Bolt EV trim levels.
Price Range Variability
For the average 40-year-old driver, Chevrolet Bolt EV insurance rates go from as cheap as $508 for the bare minimum liability coverage to a much higher rate of $3,048 for a driver required to buy high-risk insurance.
Urban vs. Rural Price Range
Where you live can make a big difference on insurance rates. Rural areas are shown to have fewer physical damage claims than densely populated cities.
The price range example below illustrates the difference location can make on car insurance rates.
The examples above illustrate why anyone shopping for car insurance should compare prices based on a specific location and their own personal driving habits, instead of making a decision based on average rates.
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 illustrates estimated Chevrolet Bolt EV insurance rates for different risk profiles and scenarios.
- The best discount rate is $803
- Using higher $1,000 deductibles will save around $176 each year
- The estimated rate for a good driver age 40 with $500 deductibles is $1,400
- Using more expensive low deductibles for physical damage coverage costs an additional $350 annually
- High-risk insureds who are prone to accidents and violations could pay upwards of $3,048 or more
- Policy cost with full coverage for a 16-year-old driver with full coverage may cost $5,330 or more
Car insurance rates for a Chevrolet Bolt EV also range considerably based on the model year and trim level, your risk profile, and policy deductibles and limits.
An older driver with no driving violations and high physical damage deductibles may pay as low as $1,300 a year, or $108 per month, for full coverage. Rates are much higher for teenagers, where even without any violations or accidents they will be charged upwards of $5,300 a year. View Rates by Age
If you have a few points on your driving record or you caused a few accidents, you are probably paying at a minimum $1,700 to $2,300 extra every year, depending on your age. High-risk driver insurance can be from 43% to 135% more than a normal policy. View High Risk Driver Rates
Using high physical damage deductibles could cut rates by as much as $530 annually, while increasing your policy's liability limits will cost you more. Switching from a 50/100 bodily injury limit to a 250/500 limit will raise rates by up to $411 extra every 12 months. View Rates by Deductible or Liability Limit
Your home state has a huge impact on Chevrolet Bolt EV insurance prices. A driver around age 40 might see rates as low as $920 a year in states like Vermont, Wisconsin, and North Carolina, or be forced to pay as much as $1,890 on average in Michigan, New York, and Florida.
| State | Premium | Compared to U.S. Avg | Percent Difference |
|---|---|---|---|
| Alabama | $1,268 | -$132 | -9.4% |
| Alaska | $1,074 | -$326 | -23.3% |
| Arizona | $1,162 | -$238 | -17.0% |
| Arkansas | $1,400 | -$0 | 0.0% |
| California | $1,598 | $198 | 14.1% |
| Colorado | $1,340 | -$60 | -4.3% |
| Connecticut | $1,442 | $42 | 3.0% |
| Delaware | $1,586 | $186 | 13.3% |
| Florida | $1,754 | $354 | 25.3% |
| Georgia | $1,294 | -$106 | -7.6% |
| Hawaii | $1,008 | -$392 | -28.0% |
| Idaho | $946 | -$454 | -32.4% |
| Illinois | $1,046 | -$354 | -25.3% |
| Indiana | $1,056 | -$344 | -24.6% |
| Iowa | $946 | -$454 | -32.4% |
| Kansas | $1,330 | -$70 | -5.0% |
| Kentucky | $1,912 | $512 | 36.6% |
| Louisiana | $2,074 | $674 | 48.1% |
| Maine | $864 | -$536 | -38.3% |
| Maryland | $1,154 | -$246 | -17.6% |
| Massachusetts | $1,122 | -$278 | -19.9% |
| Michigan | $2,434 | $1,034 | 73.9% |
| Minnesota | $1,172 | -$228 | -16.3% |
| Mississippi | $1,680 | $280 | 20.0% |
| Missouri | $1,242 | -$158 | -11.3% |
| Montana | $1,506 | $106 | 7.6% |
| Nebraska | $1,104 | -$296 | -21.1% |
| Nevada | $1,680 | $280 | 20.0% |
| New Hampshire | $1,008 | -$392 | -28.0% |
| New Jersey | $1,566 | $166 | 11.9% |
| New Mexico | $1,242 | -$158 | -11.3% |
| New York | $1,476 | $76 | 5.4% |
| North Carolina | $808 | -$592 | -42.3% |
| North Dakota | $1,146 | -$254 | -18.1% |
| Ohio | $966 | -$434 | -31.0% |
| Oklahoma | $1,438 | $38 | 2.7% |
| Oregon | $1,284 | -$116 | -8.3% |
| Pennsylvania | $1,336 | -$64 | -4.6% |
| Rhode Island | $1,870 | $470 | 33.6% |
| South Carolina | $1,268 | -$132 | -9.4% |
| South Dakota | $1,182 | -$218 | -15.6% |
| Tennessee | $1,226 | -$174 | -12.4% |
| Texas | $1,688 | $288 | 20.6% |
| Utah | $1,038 | -$362 | -25.9% |
| Vermont | $960 | -$440 | -31.4% |
| Virginia | $840 | -$560 | -40.0% |
| Washington | $1,084 | -$316 | -22.6% |
| West Virginia | $1,284 | -$116 | -8.3% |
| Wisconsin | $970 | -$430 | -30.7% |
| Wyoming | $1,248 | -$152 | -10.9% |
Because rates have so much variability, the only way to figure out exactly what you will pay is to compare rates from multiple companies. Each insurance company uses a different method to calculate rates, so rate quotes will be varied between companies.
| Model Year | Comprehensive | Collision | Liability | Total Premium |
|---|---|---|---|---|
| 2023 Chevrolet Bolt EV | $332 | $656 | $398 | $1,544 |
| 2022 Chevrolet Bolt EV | $320 | $640 | $416 | $1,534 |
| 2021 Chevrolet Bolt EV | $310 | $612 | $430 | $1,510 |
| 2019 Chevrolet Bolt EV | $282 | $548 | $452 | $1,440 |
| 2018 Chevrolet Bolt EV | $270 | $516 | $456 | $1,400 |
| 2017 Chevrolet Bolt EV | $258 | $464 | $460 | $1,340 |
Rates are averaged for all Chevrolet Bolt EV 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 Low Cost Chevrolet Bolt EV Insurance
Finding cheaper rates on insurance for a Chevrolet Bolt EV requires being a safe and courteous driver, having a good credit score, being claim-free, and maximizing policy discounts. Make time to compare rates at every policy renewal by obtaining price quotes from direct insurance companies like Progressive, GEICO, and Esurance, and also from local exclusive and independent agents.
Below is a review of the data touched on in this article.
- Insureds who require higher levels of liability will pay an extra $500 annually to increase from a 30/60 limit to higher 250/500 limits
- It is possible to save as much as $170 per year simply by shopping early and online
- Increasing comprehensive and collision deductibles could save up to $525 each year
- Teenage drivers are expensive to insure, possibly costing $444 each month if comprehensive and collision insurance is included
Rate Tables and Charts
Rates by Driver Age
| Driver Age | Premium |
|---|---|
| 16 | $5,330 |
| 20 | $3,252 |
| 30 | $1,454 |
| 40 | $1,400 |
| 50 | $1,282 |
| 60 | $1,258 |
Full coverage, $500 deductibles
Rates by Deductible
| Deductible | Premium |
|---|---|
| $100 | $1,750 |
| $250 | $1,588 |
| $500 | $1,400 |
| $1,000 | $1,224 |
Full coverage, driver age 40
Rates by Liability Limit
| Liability Limit | Premium |
|---|---|
| 30/60 | $1,400 |
| 50/100 | $1,491 |
| 100/300 | $1,605 |
| 250/500 | $1,902 |
| 100 CSL | $1,537 |
| 300 CSL | $1,788 |
| 500 CSL | $1,970 |
Full coverage, driver age 40
Rates for High Risk Drivers
| Age | Premium |
|---|---|
| 16 | $7,602 |
| 20 | $5,186 |
| 30 | $3,106 |
| 40 | $3,048 |
| 50 | $2,912 |
| 60 | $2,888 |
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.
| Discount | Savings |
|---|---|
| Multi-policy | $75 |
| Multi-vehicle | $75 |
| Homeowner | $22 |
| 5-yr Accident Free | $103 |
| 5-yr Claim Free | $91 |
| Paid in Full/EFT | $63 |
| Advance Quote | $69 |
| Online Quote | $99 |
| Total Discounts | $597 |
Discounts are estimated and may not be available from every company or in every state.
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