Chevrolet Bolt EV Insurance Rates

The average insurance rates for a Chevrolet Bolt EV are $1,340 a year for full coverage. Comprehensive costs around $258 a year, collision insurance costs $464, and liability coverage costs around $460. Liability-only coverage costs as low as $510 a year, and high-risk coverage costs around $2,908. Teens cost the most to insure at up to $5,128 a year.

Average premium for full coverage: $1,340

Policy rates for type of insurance:

Includes $500 physical damage insurance deductibles, split liability limits of 30/60, and includes medical and uninsured motorist coverage. Prices are averaged for all states and Bolt EV trim levels.

Price Range Variability

Urban vs. Rural Price Range

Where you live has a large influence on auto insurance rates. Areas with sparse population are shown to have a lower frequency of accident claims than cities with more traffic congestion. The diagram below illustrates how where you live affects auto insurance rates.

The examples above show why it is important to compare prices for a specific zip code and risk profile, rather than using averaged prices.

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

Detailed Rate Analysis

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

• The cheapest rate after discounts is $774
• Using higher $1,000 deductibles will save about $1,176 a year
• The average rate for a good driver age 40 using $500 deductibles is $1,340
• Selecting low $100 deductibles for physical damage coverage will increase the cost to $1,658
• Higher-risk drivers with serious driving violations could pay at least $2,908
• Policy cost for full coverage for a teenage driver can be $5,128 or more

View Chart as Image

Insurance rates for a Chevrolet Bolt EV also range considerably based on your risk profile, the trim level of your Bolt EV, and deductibles and policy limits.

Older drivers with no violations or accidents and high deductibles may only pay around $1,300 a year, or $108 per month, for full coverage. Rates are much higher for teenagers, where even good drivers should be prepared to pay as much as $5,100 a year. View Rates by Age

Your home state has a huge impact on Chevrolet Bolt EV insurance rates. A driver around age 40 might see rates as low as $880 a year in states like Idaho, Maine, and Iowa, or have to pay at least $1,910 on average in Michigan, Louisiana, and New York.

View Chart as Image

Choosing higher comprehensive and collision insurance deductibles could cut rates by as much as $490 a year, while buying higher liability limits will increase rates. Going from a 50/100 limit to a 250/500 limit will raise rates by up to $414 more each year. View Rates by Deductible or Liability Limit

If you have a few points on your driving record or tend to cause accidents, you could be paying at least $1,600 to $2,200 additional every year, depending on your age. A high-risk auto insurance policy can be around 43% to 133% more than the average policy. View High Risk Driver Rates

How to Find the Cheapest Chevrolet Bolt EV Insurance

Finding cheaper rates on auto insurance requires being a low-risk driver, having a good credit history, avoid buying unnecessary coverage, and deciding if full coverage is necessary. Take the time to comparison shop at least once a year by quoting rates from direct carriers like GEICO, Progressive, and Esurance, and also from local insurance agents.

The items below are a recap of the primary concepts that were touched on in the above illustrations.

• Drivers can save up to $160 per year just by quoting early and online
• Drivers that have major violations or accidents may be required to pay an average of $1,570 more every year to insure their Bolt EV
• Increasing comprehensive and collision deductibles can save around $475 each year
• Teen drivers are charged the highest rates, costing up to $427 each month including comprehensive and collision insurance