Chevrolet Bolt EV Insurance Rates

Estimated insurance rates for a Chevrolet Bolt EV are $1,340 a year with full coverage. Comprehensive costs on average $258 a year, collision insurance costs $464, and liability coverage costs around $460. A policy with only liability insurance costs as low as $510 a year, and a high-risk policy costs around $2,908. Teen drivers pay the most at up to $5,128 a year.

Average premium for full coverage: $1,340

Premium estimates by type of coverage:

Includes $500 physical damage deductibles, minimum liability limits, and includes both medical and uninsured motorist insurance. Rates include averaging for all U.S. states and Bolt EV trim levels.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Where you live has a large influence on auto insurance rates. Rural areas are statistically proven to have a lower frequency of collision claims than larger metro areas. The diagram below illustrates how your location can change car insurance rates.

These rate differences demonstrate why it is important to compare prices based on a specific location and risk profile, rather than using price averages.

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

Additional Rate Details

The chart below details average Chevrolet Bolt EV insurance rates for different risk profiles and scenarios.

• The lowest rate with discounts is $774
• Using higher $1,000 deductibles will save around $1,176 annually
• The average rate for a 40-year-old good driver with $500 deductibles is $1,340
• Choosing low $100 deductibles for physical damage coverage will increase the cost to $1,658
• Higher-risk drivers with multiple violations and an at-fault accident could pay upwards of $2,908
• An auto insurance policy for full coverage for a teenage driver may cost $5,128 or more

View Chart as Image

Car insurance prices for a Chevrolet Bolt EV also have a wide range based on your driving characteristics, the trim level and model year, and policy deductibles and limits.

Older drivers with no driving violations and high deductibles may only pay around $1,300 a year, or $108 per month, for full coverage. Prices are highest for drivers in their teens, where even good drivers will be charged upwards of $5,100 a year. View Rates by Age

Where you choose to live has a huge impact on Chevrolet Bolt EV insurance rates. A driver around age 40 might see prices as low as $970 a year in states like New Hampshire, Ohio, and Utah, or as much as $1,810 on average in Florida, Michigan, and New York.

View Chart as Image

Choosing high deductibles could cut prices by as much as $490 a year, while buying higher liability limits will cost you more. Moving from a 50/100 limit to a 250/500 limit will cost up to $414 extra every 12 months. View Rates by Deductible or Liability Limit

If you have a few violations or tend to cause accidents, you may be forking out at a minimum $1,600 to $2,200 extra annually, depending on your age. A high-risk auto insurance policy can be around 43% to 133% more than average. View High Risk Driver Rates

How to Find the Cheapest Chevrolet Bolt EV Insurance

Finding better rates on auto insurance requires being a safe and courteous driver, having above-average credit, being claim-free, and possibly raising deductibles. Invest the time to shop around every couple of years by requesting rates from direct companies like Progressive, GEICO, and Esurance, and also from local insurance agents.

Below is a recap of the material that was illustrated above.

• Consumers who require higher levels of liability will pay about $510 every year to increase from 30/60 bodily injury limits to 250/500 limits
• Teenage drivers are expensive to insure, possibly costing $427 per month if full coverage is included
• Drivers that have major violations or accidents may be required to pay an average of $1,570 more each year for auto insurance
• Increasing policy deductibles can save around $475 each year