Chevrolet Bolt EV Insurance Rates

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UPDATED: May 23, 2024

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Average insurance prices for a Chevrolet Bolt EV are $1,400 every 12 months for full coverage. Comprehensive insurance costs approximately $270 a year, collision costs $516, and liability coverage costs around $456. Liability-only coverage costs as low as $508 a year, with high-risk coverage costing $3,048 or more. Teenage drivers receive the highest rates at $5,330 a year or more.

Average premium for full coverage: $1,400

Rate estimates by individual coverage type:

Comprehensive $270
Collision $516
Liability $456

Price estimates include $500 policy deductibles, 30/60 liability coverage, and includes medical/PIP and uninsured motorist coverage. Rates are averaged for all states and Bolt EV trim levels.

Price Range by Coverage and Risk

For the average driver, prices range go from the cheapest price of $508 for liability-only coverage to a high of $3,048 for a policy for a high-risk driver.

Liability Only $508
Full Coverage $1,400
High Risk $3,048

Price Range by Location

Where you live has a large influence on car insurance rates. Rural locations tend to have more infrequent accident claims than densely populated cities.

The diagram below illustrates how location impacts auto insurance prices.

Rural Areas $1,050
Small Cities $1,470
Large Cities $1,890

These examples show why it is important to compare prices using their specific location and their own driving history, rather than using 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.

Additional Charts and Tables

The chart below shows estimated Chevrolet Bolt EV insurance rates for additional coverage and risk scenarios.

  • The best discount rate is $803
  • Using higher $1,000 deductibles will save $1,224 a year
  • The average price for a 40-year-old driver who chooses $500 deductibles is $1,400
  • Using low $100 deductibles for physical damage coverage costs an extra $350 each year
  • Higher-risk drivers who are prone to accidents and violations could pay around $3,048 or more
  • The cost to insure a teenage driver can cost $5,330 or more

View Chart as Image

Chevrolet Bolt EV insurance cost comparison chart
Column chart showing full coverage Chevrolet Bolt EV insurance prices range from $803 to $5,330

Car insurance rates for a Chevrolet Bolt EV can also vary considerably based on policy deductibles and limits, your driver profile, and the model of your Bolt EV.

Using high physical damage deductibles could cut rates by as much as $530 a year, while buying higher liability limits will push rates upward. Going from a 50/100 liability limit to a 250/500 limit will cost as much as $411 extra every 12 months. View Rates by Deductible or Liability Limit

Older drivers with no driving violations and higher deductibles may only pay around $1,300 a year for full coverage. Rates are much higher for teen drivers, since even excellent drivers will be charged in the ballpark of $5,300 a year. View Rates by Age

If you like to drive fast or you were responsible for an accident, you could be paying anywhere from $1,700 to $2,300 extra per year, depending on your age. A high-risk auto insurance policy can be around 43% to 135% more than a normal policy. View High Risk Driver Rates

Where you live has a huge impact on Chevrolet Bolt EV insurance rates. A driver around age 40 might see rates as low as $920 a year in states like Iowa, Maine, and Idaho, or be forced to pay as much as $2,000 on average in New York, Louisiana, and Michigan.

Chevrolet Bolt EV Insurance Rates by State
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%

View Chart as Image

Chevrolet Bolt EV insurance rates by U.S. city

With so much variability in rates, the only way to know who has the cheapest car insurance rates is to get quotes and see how they stack up. Each insurance company uses a different method to calculate rates, so rate quotes can be significantly different.

Chevrolet Bolt EV Insurance Rates by Model Year
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 Shop for Cheaper Chevrolet Bolt EV Insurance

Saving money on auto insurance requires avoiding accidents and claims, maintaining a good credit score, eliminating unneeded coverage, and avoiding coverage lapses. Spend time shopping around every year by requesting quotes from direct carriers like GEICO, Progressive, and Esurance, and also from your local independent and exclusive agents.

The points below are a condensed summary of the coverage data touched on above.

  • Drivers can save around $170 per year simply by quoting early and online
  • Increasing deductibles could save as much as $525 each year
  • Drivers under the age of 20 pay the highest auto insurance rates, costing as high as $444 per month if the policy includes full coverage
  • Drivers with multiple at-fault accidents may pay on average $1,650 more per year to insure a Chevrolet Bolt EV

Rates by Driver Age

Chevrolet Bolt EV Insurance 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

Chevrolet Bolt EV Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,750
$250 $1,588
$500 $1,400
$1,000 $1,224

Full coverage, driver age 40

Rates by Liability Limit

Chevrolet Bolt EV Insurance Rates with Different Liability Limits
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

Chevrolet Bolt EV Insurance 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.

SR-22 Surcharge $199

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
Rate after discounts $803

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

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