Chevrolet Bolt EV Insurance Rates

Average insurance rates for a Chevrolet Bolt EV are $1,340 a year for full coverage. Comprehensive costs approximately $258, collision insurance costs $464, and liability coverage is $460. A liability-only policy costs around $510 a year, and high-risk insurance costs around $2,908. 16-year-old drivers receive the highest rates at up to $5,128 a year.

Average premium for full coverage: $1,340

Rate estimates by individual coverage type:

Estimates include $500 comprehensive and collision deductibles, 30/60 liability limits, and includes medical and uninsured motorist coverage. Rates are averaged for all states and for all Bolt EV models.

Price Range by Coverage and Risk

Price Range by Location

Choosing to live in a large city has a large influence on car insurance rates. Rural locations tend to have lower incidents of accident claims than congested cities. The example below illustrates how geographic area affects auto insurance prices.

These examples show why everyone should compare rates quotes using their specific location, rather than using rate averages.

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

Detailed Rate Analysis

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

• The best full coverage rate is $774
• Raising to $1,000 deductibles will save $164 a year
• The estimated price for a 40-year-old driver who chooses $500 deductibles is $1,340
• Buying pricier low deductibles bumps up the cost to $1,658
• Unlucky drivers with multiple tickets or accidents could pay around $2,908
• The cost that insures a teenage driver for full coverage can cost $5,128

View Chart as Image

Insurance rates for a Chevrolet Bolt EV can also vary considerably based on the model of your Bolt EV, how you drive, and physical damage deductibles and liability limits.

If you like to drive fast or you caused an accident, you could be paying anywhere from $1,600 to $2,200 extra per year, depending on your age. Chevrolet Bolt EV insurance for high-risk drivers is expensive and can cost around 43% to 133% more than the average rate. View High Risk Driver Rates

A more mature driver with a clean driving record and higher comprehensive and collision deductibles may only pay around $1,300 every 12 months on average for full coverage. Rates are highest for teen drivers, since even teens with perfect driving records can expect to pay in the ballpark of $5,100 a year. View Rates by Age

Where you live also has a big influence on Chevrolet Bolt EV insurance rates. A middle-age driver might find rates as low as $880 a year in states like Iowa, Maine, and Idaho, or at least $1,910 on average in New York, Louisiana, and Michigan.

View Chart as Image

Opting for high physical damage deductibles can reduce rates by up to $490 a year, whereas buying more liability protection will push rates upward. Going from a 50/100 bodily injury protection limit to a 250/500 limit will cost as much as $414 more per year. View Rates by Deductible or Liability Limit

How to Find Low Cost Chevrolet Bolt EV Insurance

Saving money on auto insurance consists of avoiding accidents and violations, having above-average credit, eliminating unneeded coverage, and possibly raising deductibles. Comparison shop at every policy renewal by requesting quotes from direct carriers like Progressive, GEICO, and Esurance, and also from insurance agencies where you live.

The list below is a review of the data presented in the illustrations above.

• Consumers who purchase higher liability limits will pay around $510 each year to raise from a minimum limit to the 250/500 level
• Drivers can save around $160 per year just by quoting online well ahead of the renewal date
• Increasing deductibles can save approximately $475 each year
• Teenagers are expensive to insure, costing as high as $427 per month if full coverage is included