Chevrolet Bolt EV Insurance Rates
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Michelle Robbins
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Michelle Robbins has been a licensed insurance agent for over 13 years. Her career began in the real estate industry, supporting local realtors with Title Insurance. After several years, Michelle shifted to real estate home warranty insurance, where she managed a territory of over 100 miles of real estate professionals. Later, Agent Robbins obtained more licensing and experience serving families a...
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UPDATED: May 23, 2024
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The average insurance rates for a Chevrolet Bolt EV are $1,400 a year including full coverage. Comprehensive insurance costs around $270, collision insurance costs $516, and liability costs around $456. Liability-only coverage costs as low as $508 a year, and high-risk coverage costs $3,048 or more. Teenage drivers cost the most to insure at up to $5,330 a year.
Average premium for full coverage: $1,400
Policy rates for type of insurance:
Prices include $500 deductibles, split liability limits of 30/60, and includes medical and uninsured motorist coverage. Prices are averaged for all 50 U.S. states and for all Bolt EV models.
Price Range Variability
For an average driver, Chevrolet Bolt EV insurance rates range from the low end price of $508 for just liability coverage to the much higher price of $3,048 for coverage for higher-risk drivers.
Urban vs. Rural Price Range
Where you live can make a big difference on the price of insurance. Areas with sparse population are shown to have lower incidents of comprehensive and collision claims than densely populated cities. The example below illustrates the effect of geographic area on auto insurance rates.
The examples above highlight why everyone should compare prices for a specific zip code, instead of making a decision based on average rates.
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.
Detailed Rate Analysis
The chart below breaks down average Chevrolet Bolt EV insurance rates for additional coverage choices and driver risks.
- The best discount rate is $803
- Using higher $1,000 deductibles will save about $176 every year
- The estimated price for a good driver age 40 using $500 deductibles is $1,400
- Using pricier low deductibles for physical damage coverage will cost an additional $350 annually
- High-risk insureds who are prone to accidents and violations could pay at least $3,048
- Policy cost that insures a 16-year-old driver for full coverage can be $5,330 or more
Insurance rates for a Chevrolet Bolt EV also range considerably based on the model of your Bolt EV, your driving record and age, and deductibles and policy limits.
If you have a few points on your driving record or you caused an accident, you are likely paying at least $1,700 to $2,300 additional every year, depending on your age. Chevrolet Bolt EV insurance for high-risk drivers can be from 43% to 135% more than a normal policy. View High Risk Driver Rates
A more mature driver with no violations or accidents and higher comprehensive and collision deductibles may pay as low as $1,300 a year, or $108 per month, for full coverage. Rates are much higher for teenagers, since even teens with perfect driving records should be prepared to pay as much as $5,300 a year. View Rates by Age
Your home state has a huge impact on Chevrolet Bolt EV insurance prices. A driver around age 40 might see rates as low as $1,070 a year in states like Missouri, New Hampshire, and Vermont, or be forced to pay as much as $2,000 on average in Michigan, New York, and Louisiana.
| State | Premium | Compared to U.S. Avg | Percent Difference |
|---|---|---|---|
| Alabama | $1,268 | -$132 | -9.4% |
| Alaska | $1,074 | -$326 | -23.3% |
| Arizona | $1,162 | -$238 | -17.0% |
| Arkansas | $1,400 | -$0 | 0.0% |
| California | $1,598 | $198 | 14.1% |
| Colorado | $1,340 | -$60 | -4.3% |
| Connecticut | $1,442 | $42 | 3.0% |
| Delaware | $1,586 | $186 | 13.3% |
| Florida | $1,754 | $354 | 25.3% |
| Georgia | $1,294 | -$106 | -7.6% |
| Hawaii | $1,008 | -$392 | -28.0% |
| Idaho | $946 | -$454 | -32.4% |
| Illinois | $1,046 | -$354 | -25.3% |
| Indiana | $1,056 | -$344 | -24.6% |
| Iowa | $946 | -$454 | -32.4% |
| Kansas | $1,330 | -$70 | -5.0% |
| Kentucky | $1,912 | $512 | 36.6% |
| Louisiana | $2,074 | $674 | 48.1% |
| Maine | $864 | -$536 | -38.3% |
| Maryland | $1,154 | -$246 | -17.6% |
| Massachusetts | $1,122 | -$278 | -19.9% |
| Michigan | $2,434 | $1,034 | 73.9% |
| Minnesota | $1,172 | -$228 | -16.3% |
| Mississippi | $1,680 | $280 | 20.0% |
| Missouri | $1,242 | -$158 | -11.3% |
| Montana | $1,506 | $106 | 7.6% |
| Nebraska | $1,104 | -$296 | -21.1% |
| Nevada | $1,680 | $280 | 20.0% |
| New Hampshire | $1,008 | -$392 | -28.0% |
| New Jersey | $1,566 | $166 | 11.9% |
| New Mexico | $1,242 | -$158 | -11.3% |
| New York | $1,476 | $76 | 5.4% |
| North Carolina | $808 | -$592 | -42.3% |
| North Dakota | $1,146 | -$254 | -18.1% |
| Ohio | $966 | -$434 | -31.0% |
| Oklahoma | $1,438 | $38 | 2.7% |
| Oregon | $1,284 | -$116 | -8.3% |
| Pennsylvania | $1,336 | -$64 | -4.6% |
| Rhode Island | $1,870 | $470 | 33.6% |
| South Carolina | $1,268 | -$132 | -9.4% |
| South Dakota | $1,182 | -$218 | -15.6% |
| Tennessee | $1,226 | -$174 | -12.4% |
| Texas | $1,688 | $288 | 20.6% |
| Utah | $1,038 | -$362 | -25.9% |
| Vermont | $960 | -$440 | -31.4% |
| Virginia | $840 | -$560 | -40.0% |
| Washington | $1,084 | -$316 | -22.6% |
| West Virginia | $1,284 | -$116 | -8.3% |
| Wisconsin | $970 | -$430 | -30.7% |
| Wyoming | $1,248 | -$152 | -10.9% |
Using high physical damage deductibles could cut rates by as much as $530 annually, whereas buying more liability protection will increase rates. Changing from a 50/100 bodily injury protection limit to a 250/500 limit will raise rates by up to $411 more each year. View Rates by Deductible or Liability Limit
| Model Year | Comprehensive | Collision | Liability | Total Premium |
|---|---|---|---|---|
| 2023 Chevrolet Bolt EV | $332 | $656 | $398 | $1,544 |
| 2022 Chevrolet Bolt EV | $320 | $640 | $416 | $1,534 |
| 2021 Chevrolet Bolt EV | $310 | $612 | $430 | $1,510 |
| 2019 Chevrolet Bolt EV | $282 | $548 | $452 | $1,440 |
| 2018 Chevrolet Bolt EV | $270 | $516 | $456 | $1,400 |
| 2017 Chevrolet Bolt EV | $258 | $464 | $460 | $1,340 |
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 Find the Right Chevrolet Bolt EV Insurance
Finding cheaper rates on insurance for a Chevrolet Bolt EV requires not taking risks behind the wheel, having a good credit score, paying for small claims out-of-pocket, and deciding if full coverage is necessary. Compare prices at least once a year by obtaining price quotes from direct car insurance companies, and also from local insurance agencies.
The following is a quick rundown of the primary concepts that were covered in the above illustrations.
- You may be able to save up to $170 per year just by quoting online well ahead of the renewal date
- Drivers considered higher risk with reckless driving or DUI convictions may have to pay on average $1,650 more every year for Bolt EV insurance
- Increasing comprehensive and collision deductibles can save approximately $525 each year
- Teens are charged the highest rates, with premiums being up to $444 each month if comprehensive and collision insurance is included
Rate Tables and Charts
Rates by Driver Age
| Driver Age | Premium |
|---|---|
| 16 | $5,330 |
| 20 | $3,252 |
| 30 | $1,454 |
| 40 | $1,400 |
| 50 | $1,282 |
| 60 | $1,258 |
Full coverage, $500 deductibles
Rates by Deductible
| Deductible | Premium |
|---|---|
| $100 | $1,750 |
| $250 | $1,588 |
| $500 | $1,400 |
| $1,000 | $1,224 |
Full coverage, driver age 40
Rates by Liability Limit
| Liability Limit | Premium |
|---|---|
| 30/60 | $1,400 |
| 50/100 | $1,491 |
| 100/300 | $1,605 |
| 250/500 | $1,902 |
| 100 CSL | $1,537 |
| 300 CSL | $1,788 |
| 500 CSL | $1,970 |
Full coverage, driver age 40
Rates for High Risk Drivers
| Age | Premium |
|---|---|
| 16 | $7,602 |
| 20 | $5,186 |
| 30 | $3,106 |
| 40 | $3,048 |
| 50 | $2,912 |
| 60 | $2,888 |
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 | $75 |
| Multi-vehicle | $75 |
| Homeowner | $22 |
| 5-yr Accident Free | $103 |
| 5-yr Claim Free | $91 |
| Paid in Full/EFT | $63 |
| Advance Quote | $69 |
| Online Quote | $99 |
| Total Discounts | $597 |
Discounts are estimated and may not be available from every company or in every state.
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