Chevrolet Bolt EV Insurance Rates
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Michelle Robbins
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UPDATED: May 23, 2024
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Average auto insurance rates for a Chevrolet Bolt EV are $1,340 annually including full coverage. Comprehensive costs on average $258 each year, collision costs $464, and liability coverage is $460. Liability-only coverage costs around $510 a year, with high-risk coverage costing around $2,908. Teens receive the highest rates at $5,128 a year or more.
Average premium for full coverage: $1,340
Rate estimates by individual coverage type:
Full coverage includes $500 policy deductibles, 30/60 liability coverage, and includes medical and UM/UIM coverage. Rates are averaged for all 50 U.S. states and Bolt EV models.
Price Range by Coverage and Risk
For the average 40-year-old driver, prices range go from as cheap as $510 for just liability insurance to a high rate of $2,908 for a policy for a high-risk driver.
Price Range by Location
Choosing to live in a large city has a large influence on car insurance rates. Rural areas tend to have fewer comprehensive and collision claims than cities with more traffic congestion.
The graphic below illustrates the difference location can make on car insurance rates.
These examples highlight why all drivers should compare rates quotes based on a specific location and their own personal driving habits, rather than using averaged prices.
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.
More Rate Details
The chart below breaks down estimated Chevrolet Bolt EV insurance rates for different risk profiles and scenarios.
- The cheapest rate after discounts is $774
- Raising to $1,000 deductibles will save around $164 every year
- The estimated rate for a 40-year-old driver with $500 deductibles is $1,340
- Selecting low deductibles will cost $1,658
- Unlucky drivers with serious driving violations could pay upwards of $2,908 or more
- The cost with full coverage for a teenage driver may cost $5,128
Car insurance rates for a Chevrolet Bolt EV can also vary considerably based on the trim level of your Bolt EV, your driving characteristics, and policy deductibles and limits.
More mature drivers with no driving violations and high physical damage deductibles may only pay around $1,300 every 12 months on average for full coverage. Rates are much higher for teen drivers, where even without any violations or accidents they will be charged upwards of $5,100 a year. View Rates by Age
If you like to drive fast or you caused a few accidents, you are likely paying at a minimum $1,600 to $2,200 extra per year, depending on your age. Insurance for high-risk drivers is expensive and can cost around 43% to 133% more than the average policy. View High Risk Driver Rates
Choosing higher comprehensive and collision insurance deductibles can reduce rates by up to $490 a year, whereas increasing liability limits will cost you more. Changing from a 50/100 bodily injury limit to a 250/500 limit will cost as much as $414 extra every 12 months. View Rates by Deductible or Liability Limit
Where you live also has a big influence on Chevrolet Bolt EV insurance rates. A middle-age driver might find rates as low as $1,030 a year in states like Missouri, New Hampshire, and Vermont, or have to pay at least $1,910 on average in Michigan, New York, and Louisiana.
| State | Premium | Compared to U.S. Avg | Percent Difference |
|---|---|---|---|
| Alabama | $1,212 | -$128 | -9.6% |
| Alaska | $1,028 | -$312 | -23.3% |
| Arizona | $1,112 | -$228 | -17.0% |
| Arkansas | $1,340 | -$0 | 0.0% |
| California | $1,526 | $186 | 13.9% |
| Colorado | $1,280 | -$60 | -4.5% |
| Connecticut | $1,378 | $38 | 2.8% |
| Delaware | $1,516 | $176 | 13.1% |
| Florida | $1,678 | $338 | 25.2% |
| Georgia | $1,236 | -$104 | -7.8% |
| Hawaii | $962 | -$378 | -28.2% |
| Idaho | $908 | -$432 | -32.2% |
| Illinois | $998 | -$342 | -25.5% |
| Indiana | $1,010 | -$330 | -24.6% |
| Iowa | $904 | -$436 | -32.5% |
| Kansas | $1,274 | -$66 | -4.9% |
| Kentucky | $1,828 | $488 | 36.4% |
| Louisiana | $1,982 | $642 | 47.9% |
| Maine | $828 | -$512 | -38.2% |
| Maryland | $1,106 | -$234 | -17.5% |
| Massachusetts | $1,072 | -$268 | -20.0% |
| Michigan | $2,330 | $990 | 73.9% |
| Minnesota | $1,122 | -$218 | -16.3% |
| Mississippi | $1,606 | $266 | 19.9% |
| Missouri | $1,190 | -$150 | -11.2% |
| Montana | $1,440 | $100 | 7.5% |
| Nebraska | $1,058 | -$282 | -21.0% |
| Nevada | $1,608 | $268 | 20.0% |
| New Hampshire | $966 | -$374 | -27.9% |
| New Jersey | $1,498 | $158 | 11.8% |
| New Mexico | $1,188 | -$152 | -11.3% |
| New York | $1,412 | $72 | 5.4% |
| North Carolina | $770 | -$570 | -42.5% |
| North Dakota | $1,098 | -$242 | -18.1% |
| Ohio | $926 | -$414 | -30.9% |
| Oklahoma | $1,378 | $38 | 2.8% |
| Oregon | $1,226 | -$114 | -8.5% |
| Pennsylvania | $1,278 | -$62 | -4.6% |
| Rhode Island | $1,788 | $448 | 33.4% |
| South Carolina | $1,214 | -$126 | -9.4% |
| South Dakota | $1,132 | -$208 | -15.5% |
| Tennessee | $1,174 | -$166 | -12.4% |
| Texas | $1,616 | $276 | 20.6% |
| Utah | $994 | -$346 | -25.8% |
| Vermont | $916 | -$424 | -31.6% |
| Virginia | $804 | -$536 | -40.0% |
| Washington | $1,038 | -$302 | -22.5% |
| West Virginia | $1,230 | -$110 | -8.2% |
| Wisconsin | $926 | -$414 | -30.9% |
| Wyoming | $1,194 | -$146 | -10.9% |
With so much variability in rates, the best way to figure out exactly what you will pay is to do a rate comparison and see how they stack up. Every auto insurance company calculates rates differently, so rate quotes can be significantly different between companies.
| Model Year | Comprehensive | Collision | Liability | Total Premium |
|---|---|---|---|---|
| 2023 Chevrolet Bolt EV | $320 | $640 | $416 | $1,534 |
| 2022 Chevrolet Bolt EV | $310 | $612 | $430 | $1,510 |
| 2021 Chevrolet Bolt EV | $292 | $592 | $442 | $1,484 |
| 2019 Chevrolet Bolt EV | $270 | $516 | $456 | $1,400 |
| 2018 Chevrolet Bolt EV | $258 | $464 | $460 | $1,340 |
| 2017 Chevrolet Bolt EV | $242 | $426 | $460 | $1,286 |
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 More Affordable Chevrolet Bolt EV Insurance
Saving money on auto insurance consists of being a good driver, having a good credit score, not filing small claims, and maximizing policy discounts. Make time to compare rates every year by getting quotes from direct car insurance companies like Progressive and GEICO, and also from several local insurance agents.
The following list is a summary of the coverage data touched on in this article.
- You may be able to save as much as $160 per year simply by quoting online in advance
- Increasing deductibles could save up to $475 each year
- Drivers age 16 to 20 are expensive to insure, as much as $427 per month if comprehensive and collision insurance is included
- Drivers who have multiple accidents or major violations pay on average $1,570 more each year than a safer driver
Rate Tables and Charts
Rates by Driver Age
| Driver Age | Premium |
|---|---|
| 16 | $5,128 |
| 20 | $3,100 |
| 30 | $1,388 |
| 40 | $1,340 |
| 50 | $1,226 |
| 60 | $1,202 |
Full coverage, $500 deductibles
Rates by Deductible
| Deductible | Premium |
|---|---|
| $100 | $1,658 |
| $250 | $1,510 |
| $500 | $1,340 |
| $1,000 | $1,176 |
Full coverage, driver age 40
Rates by Liability Limit
| Liability Limit | Premium |
|---|---|
| 30/60 | $1,340 |
| 50/100 | $1,432 |
| 100/300 | $1,547 |
| 250/500 | $1,846 |
| 100 CSL | $1,478 |
| 300 CSL | $1,731 |
| 500 CSL | $1,915 |
Full coverage, driver age 40
Rates for High Risk Drivers
| Age | Premium |
|---|---|
| 16 | $7,296 |
| 20 | $4,940 |
| 30 | $2,962 |
| 40 | $2,908 |
| 50 | $2,780 |
| 60 | $2,756 |
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 | $71 |
| Multi-vehicle | $72 |
| Homeowner | $21 |
| 5-yr Accident Free | $96 |
| 5-yr Claim Free | $87 |
| Paid in Full/EFT | $59 |
| Advance Quote | $65 |
| Online Quote | $95 |
| Total Discounts | $566 |
Discounts are estimated and may not be available from every company or in every state.
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