Chevrolet Bolt EV Insurance Rates

U.S. average insurance prices for a Chevrolet Bolt EV are $1,340 every 12 months for full coverage. Comprehensive insurance costs an estimated $258 a year, collision insurance costs $464, and liability costs $460. Liability-only insurance costs as little as $510 a year, and high-risk driver insurance costs $2,908 or more. Teenage drivers pay the highest rates at up to $5,128 a year.

Average premium for full coverage: $1,340

Price estimates broken down by individual coverage:

Rate estimates include $500 policy deductibles, 30/60 split liability limits, and includes both medical and UM/UIM coverage. Estimates are averaged for all states and Bolt EV trim levels.

Price Range from Low to High

Geographic Price Range

Your location can make a big difference on insurance rates. More rural locations have more infrequent accident claims than densely populated cities. The diagram below illustrates how location helps determine insurance prices.

The ranges above show why it is important to compare rates for a targeted area and their own driving history, instead of making a decision based on average rates.

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

Rate Comparisons

The chart below shows average Chevrolet Bolt EV insurance rates for other coverage scenarios.

• The best discount rate is $774
• Drivers who choose higher $1,000 deductibles will pay approximately $1,176 a year
• The average price for the average middle-age driver who has $500 deductibles is $1,340
• Using low $100 deductibles for comprehensive and collision insurance costs an extra $318 annually
• Drivers who are prone to accidents and violations could pay up to $2,908
• The price to insure a 16-year-old driver can cost as much as $5,128 a year

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Car insurance prices for a Chevrolet Bolt EV are also quite variable based on deductibles and policy limits, your driver profile, and the model year and trim level.

Using high physical damage deductibles could save up to $490 annually, while buying higher liability limits will increase premiums. Going from a 50/100 liability limit to a 250/500 limit will increase prices by as much as $414 extra every 12 months. View Rates by Deductible or Liability Limit

Older drivers with no driving violations and higher deductibles may pay as low as $1,300 per year on average for full coverage. Prices are much higher for teenage drivers, since even excellent drivers will be charged at least $5,100 a year. View Rates by Age

If you have some driving violations or you were responsible for an accident, you could be paying $1,600 to $2,200 extra each year, depending on your age. A high-risk auto insurance policy can cost from 43% to 133% more than a normal policy. View High Risk Driver Rates

The state you live in makes a big difference in Chevrolet Bolt EV insurance prices. A 40-year-old driver could pay as low as $880 a year in states like Iowa, Maine, and Idaho, or be forced to pay as much as $1,910 on average in New York, Louisiana, and Michigan.

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How to Shop for the Best Chevrolet Bolt EV Insurance

Getting lower rates on insurance for a Chevrolet Bolt EV not only requires being safe and accident-free, but also maintaining a good credit score, eliminating unnecessary coverage, and possibly higher deductibles. Invest time comparing rates at least every other year by obtaining price quotes from direct carriers like Progressive, GEICO, and Esurance, and also from several local insurance agents.

Below you'll find a brief recap of the car insurance concepts covered in the charts and tables above.

• Drivers considered higher risk who tend to receive serious violations pay on average $1,570 more annually than a low-risk driver
• Drivers can save approximately $160 per year just by quoting early and online
• Increasing physical damage deductibles could save as much as $475 each year
• Insureds who want more liability protection will pay an extra $510 each year to go from a low limit to a 250/500 level