Chevrolet Bolt EV Insurance Rates

The average auto insurance rates for a Chevrolet Bolt EV are $1,340 annually for full coverage. Comprehensive insurance costs on average $258 a year, collision insurance costs $464, and liability coverage costs $460. A liability-only policy costs as little as $510 a year, and high-risk insurance costs $2,908 or more. 16-year-old drivers cost the most to insure at up to $5,128 a year.

Average premium for full coverage: $1,340

Policy rates by type of insurance:

Rate estimates include $500 physical damage insurance deductibles, bodily injury liability limits of 30/60, and includes medical/PIP and uninsured motorist coverage. Prices are averaged for all states and Bolt EV trim levels.

Price Range Variability

Urban vs. Rural Price Range

Your location has a large influence on car insurance rates. Rural areas are shown to have fewer accident claims than congested cities. The diagram below illustrates how your location can change car insurance rates.

The examples above show why it is important to compare rates based on a specific location and their own personal driving habits, rather than using rate averages.

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

Additional Charts and Tables

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

• The best full coverage rate is $774
• Drivers who choose higher $1,000 deductibles will pay around $1,176 a year
• The estimated rate for a good driver age 40 with $500 deductibles is $1,340
• Buying low $100 deductibles for comprehensive and collision insurance costs an additional $318 each year
• High-risk insureds with multiple tickets or accidents could pay upwards of $2,908
• Policy cost with full coverage for a teenage driver may cost $5,128 a year

View Chart as Image

Car insurance rates for a Chevrolet Bolt EV also range considerably based on the model year and trim level, your driver profile, and policy deductibles and limits.

Older drivers with no driving violations and high physical damage deductibles may only pay around $1,300 per year on average, or $108 per month, for full coverage. Rates are highest for teenagers, where even without any violations or accidents they will be charged upwards of $5,100 a year. View Rates by Age

If you have a few points on your driving record or you caused a few accidents, you could be paying at a minimum $1,600 to $2,200 extra every year, depending on your age. A high-risk auto insurance policy can cost around 43% to 133% more than the average rate. View High Risk Driver Rates

Opting for high physical damage deductibles could save up to $490 a year, while buying higher liability limits will cost you more. Going from a 50/100 bodily injury limit to a 250/500 limit will raise rates by up to $414 extra every 12 months. View Rates by Deductible or Liability Limit

Your home state makes a big difference in Chevrolet Bolt EV insurance rates. A 40-year-old driver could pay as low as $880 a year in states like Idaho, Maine, and Iowa, or at least $1,910 on average in Michigan, Louisiana, and New York.

View Chart as Image

How to Buy the Best Chevrolet Bolt EV Insurance

Finding cheaper rates on auto insurance not only requires being a low-risk driver, but also having a good credit score, avoid buying unnecessary coverage, and possibly raising deductibles. Invest the time to shop around every other policy renewal by requesting rates from direct carriers like Progressive, GEICO, and Esurance, and also from local insurance agents.

The items below are a brief recap of the ideas that were illustrated above.

• Teen drivers are expensive to insure, costing up to $427 each month if comprehensive and collision insurance is included
• Drivers who tend to receive serious violations may be required to pay an average of $1,570 more each year to insure their Bolt EV
• Increasing comprehensive and collision deductibles could save up to $475 each year
• Drivers can save as much as $160 per year just by quoting early and online