Chevrolet Bolt EV Insurance Rates

The average insurance rates for a Chevrolet Bolt EV are $1,340 a year with full coverage. Comprehensive costs on average $258 each 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 around $2,908. Teen 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:

Estimates include $500 deductibles, 30/60 split liability limits, and includes medical and UM/UIM coverage. Prices are averaged for all U.S. states and Bolt EV models.

Price Range Variability

Urban vs. Rural Price Range

Your location has a large influence on auto insurance rates. Rural areas are shown to have lower incidents of collision claims than larger metro areas. The graphic below illustrates how rural and urban location affects car insurance rates.

The examples above demonstrate why all drivers should compare rates based on a specific location, rather than using price averages.

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

More Rate Details

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 $164 annually
• The estimated price for a good driver age 40 with $500 deductibles is $1,340
• Choosing low deductibles for comprehensive and collision insurance bumps up the cost to $1,658
• High-risk insureds with multiple violations and an at-fault accident could pay upwards of $2,908
• Policy cost that insures a teenage driver may cost $5,128 a year

View Chart as Image

Car insurance rates for a Chevrolet Bolt EV also range considerably based on the trim level and model year, your age and driving habits, and policy deductibles and limits.

If you have a few points on your driving record or you caused an accident, you may be forking out at a minimum $1,600 to $2,200 extra every year, depending on your age. Insurance for high-risk drivers can cost around 43% to 133% more than average. View High Risk Driver Rates

More mature drivers with no driving violations and higher comprehensive and collision deductibles may only pay around $1,300 per year on average, or $108 per month, for full coverage. Rates are highest for teenagers, since even teens with perfect driving records will be charged upwards of $5,100 a year. View Rates by Age

Your home state makes a big difference in Chevrolet Bolt EV insurance rates. 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 a year, whereas increasing liability limits will cost you more. Moving from a 50/100 bodily injury protection limit to a 250/500 limit will raise rates by up to $414 extra every 12 months. View Rates by Deductible or Liability Limit

How to Find Low Cost Chevrolet Bolt EV Insurance

Finding cheaper rates on auto insurance not only requires not taking risks behind the wheel, but also having a positive credit history, not filing small claims, and possibly raising deductibles. Shop around at least every other year by getting quotes from direct companies, and also from several local insurance agents.

The following is a review of the car insurance concepts raised in the charts and tables above.

• Drivers who have several accidents or serious violations pay on average $1,570 more each year for Bolt EV insurance
• You may be able to save as much as $160 per year just by quoting online in advance
• Increasing comprehensive and collision deductibles can save approximately $475 each year
• Consumers who require higher liability limits will pay about $510 every year to go from a 30/60 limit to the 250/500 level