Chevrolet Bolt EV Insurance Rates

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UPDATED: May 23, 2024

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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:

Comprehensive $258
Collision $464
Liability $460

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

For a 40-year-old driver, Chevrolet Bolt EV insurance rates range from as cheap as $510 for liability-only coverage to a high of $2,908 for a driver who has had serious violations or accidents.

Liability Only $510
Full Coverage $1,340
High Risk $2,908

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.

Rural Areas $1,005
Small Cities $1,407
Large Cities $1,809

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.

Enter your zip code below to view companies based on your location that have cheap auto insurance rates.

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

Chevrolet Bolt EV insurance cost comparison chart
Column chart showing Chevrolet Bolt EV insurance prices range from $774 to $5,128 for full coverage

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.

Chevrolet Bolt EV Insurance Rates by State
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%

View Chart as Image

Chevrolet Bolt EV insurance rates by U.S. city
Chevrolet Bolt EV Insurance Rates by Model Year
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 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

Rates by Driver Age

Chevrolet Bolt EV Insurance 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

Chevrolet Bolt EV Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,658
$250 $1,510
$500 $1,340
$1,000 $1,176

Full coverage, driver age 40

Rates by Liability Limit

Chevrolet Bolt EV Insurance Rates with Different Liability Limits
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

Chevrolet Bolt EV Insurance 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.

SR-22 Surcharge $188

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
Rate after discounts $774

Discounts are estimated and may not be available from every company or in every state.

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