Chevrolet Bolt EV Insurance Rates

Average insurance rates for a Chevrolet Bolt EV are $1,340 a year with full coverage. Comprehensive insurance costs on average $258 a year, collision insurance costs $464, and liability costs $460. A policy with just liability insurance costs as little as $510 a year, and coverage for high-risk drivers costs $2,908 or more. Teen 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:

Prices include $500 comprehensive and collision deductibles, split liability limits of 30/60, and includes medical and uninsured motorist coverage. Rates are averaged for all U.S. states and Bolt EV trim levels.

Price Range by Coverage and Risk

Price Range by Location

Your location can have significant affects on auto insurance rates. Rural areas tend 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 examples demonstrate why it is important to compare rates based on a specific location and risk profile, instead of using price averages.

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

Detailed Rate Analysis

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

• The lowest rate with discounts is $774
• Drivers who choose higher $1,000 deductibles will pay around $1,176 annually
• The average rate for a 40-year-old driver with $500 deductibles is $1,340
• Choosing low $100 deductibles for comprehensive and collision insurance will cost an extra $318 every year
• Higher-risk drivers with multiple violations and an at-fault accident could pay upwards of $2,908
• The cost for full coverage for a teen driver may cost $5,128 a year

View Chart as Image

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

Older drivers with no violations or accidents and high deductibles may pay as little as $1,300 per year on average for full coverage. Rates are highest for teen drivers, where even good drivers should be prepared to pay upwards of $5,100 a year. View Rates by Age

Where you live makes a big difference in Chevrolet Bolt EV insurance prices. A 40-year-old driver could pay 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 save up to $490 every year, while buying higher liability limits will cost you more. Moving from a 50/100 limit to a 250/500 limit will cost as much as $414 more each year. View Rates by Deductible or Liability Limit

If you like to drive fast or tend to cause accidents, you may be forking out at a minimum $1,600 to $2,200 additional per year, depending on your age. A high-risk auto insurance policy can cost as much as 43% to 133% more than average. View High Risk Driver Rates

How to Find the Right Chevrolet Bolt EV Insurance

Saving money on car insurance not only requires having a decent driving record, but also having a good credit history, eliminating unnecessary coverage, and dropping full coverage on older vehicles. Invest the time to shop around at least once a year by getting rate quotes from direct companies like GEICO and Progressive, and also from local insurance agents.

The following items are a quick rundown of the primary concepts that were illustrated above.

• You may be able to save as much as $160 per year just by quoting early and online
• Higher risk drivers with reckless driving or DUI convictions may be required to pay an average of $1,570 more each year than a driver with a clean driving record
• Increasing deductibles can save around $475 each year
• 16 to 18-year-old drivers pay higher rates, with premiums as much as $427 per month including comprehensive and collision insurance