Chevrolet Bolt EV Insurance Rates

Average insurance prices for a Chevrolet Bolt EV are $1,340 every 12 months with full coverage. Comprehensive costs around $258 a year, collision insurance costs $464, and liability is $460. A policy with just liability insurance costs around $510 a year, and coverage for high-risk drivers costs around $2,908. Teenage drivers receive the highest rates at up to $5,128 a year.

Average premium for full coverage: $1,340

Rate estimates for individual coverage type:

These estimates include $500 deductible amounts, 30/60 split liability limits, and includes additional medical/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

Choosing to live in a large city can have significant affects on insurance rates. Areas with sparse population tend to have more infrequent collision claims than densely populated cities. The diagram below illustrates the difference between rural and urban areas on auto insurance rates.

These examples demonstrate why it is important to compare rates quotes for a specific zip code and their own driving history, instead of using average rates.

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

Additional Rate Analysis

The chart below details average Chevrolet Bolt EV insurance rates for additional coverage choices and driver risks.

• The best discount rate is $774
• Raising to $1,000 deductibles will save about $1,176 annually
• The average price for a 40-year-old driver using $500 deductibles is $1,340
• Using low $100 deductibles increases the price to $1,658
• At-risk drivers who are prone to accidents and violations could pay at least $2,908
• The cost to insure a teen driver can be $5,128

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

Using high physical damage deductibles can reduce rates by up to $490 every year, while buying higher liability limits will increase rates. Moving from a 50/100 liability limit to a 250/500 limit will cost as much as $414 more each year. View Rates by Deductible or Liability Limit

Older drivers with no violations or accidents and higher deductibles may pay as little as $1,300 every 12 months on average for full coverage. Rates are much higher for teen drivers, since even excellent drivers should be prepared to pay as much as $5,100 a year. View Rates by Age

If you like to drive fast or you were responsible for an accident, you may be forking out at least $1,600 to $2,200 additional per year, depending on your age. A high-risk auto insurance policy is expensive and can cost as much as 43% to 133% more than a normal policy. View High Risk Driver Rates

Where you live also has a big influence on Chevrolet Bolt EV insurance prices. A middle-age driver might find rates as low as $970 a year in states like New Hampshire, Ohio, and Utah, or be forced to pay as much as $1,810 on average in Florida, Michigan, and New York.

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How to Shop for Cheap Chevrolet Bolt EV Insurance

Saving money on car insurance consists of having a good driving record, having above-average credit, eliminating unnecessary coverage, and deciding if full coverage is necessary. Set aside time to compare rates at least every other year by quoting rates from direct companies like GEICO, Progressive, and Esurance, and also from several local insurance agents.

The next list is a brief summary of the car insurance concepts covered above.

• Higher risk drivers that tend to have accidents or serious violations pay on average $1,570 more every year to buy Chevrolet Bolt EV insurance
• You may be able to save up to $160 per year just by quoting early and online
• Increasing deductibles could save as much as $475 each year
• Policyholders who may need increased levels of liability coverage will pay an extra $510 every year to raise from a minimum limit to a 250/500 level