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 a year, collision insurance costs $464, and liability costs around $460. A liability-only policy costs as low as $510 a year, and high-risk insurance costs around $2,908. 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:

Price estimates include $500 physical damage insurance deductibles, liability limits of 30/60, and includes uninsured/under-insured motorist coverage. Prices are averaged for all U.S. states and Bolt EV trim levels.

Price Range Variability

Urban vs. Rural Price Range

Where you live can have significant affects on auto insurance rates. Rural areas are shown to have a lower frequency of collision claims than congested cities. The diagram below illustrates the difference location can make on car insurance rates.

The examples above demonstrate why it is important to compare prices based on a specific location and risk profile, instead of using rate averages.

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

More Rate Information

The chart below details average Chevrolet Bolt EV insurance rates for different risk profiles and scenarios.

• The best full coverage rate is $774
• Using higher $1,000 deductibles will save around $1,176 annually
• The average rate for a good driver age 40 with $500 deductibles is $1,340
• Buying low $100 deductibles for physical damage coverage will increase the cost to $1,658
• Drivers with multiple tickets or accidents could pay upwards of $2,908
• Policy cost for full coverage for a teen driver may cost $5,128 or more

View Chart as Image

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

Older drivers with no driving violations and high deductibles may pay as little as $1,300 a year, or $108 per month, for full coverage. Rates are highest for teenagers, where even good drivers will be charged upwards of $5,100 a year. View Rates by Age

Your home state has a huge impact on Chevrolet Bolt EV insurance prices. A driver around age 40 might see rates as low as $970 a year in states like New Hampshire, Ohio, and Utah, or at least $1,810 on average in Florida, Michigan, and New York.

View Chart as Image

Opting for high physical damage deductibles could cut rates by as much as $490 every year, while buying higher liability limits will cost you more. Moving from a 50/100 limit to a 250/500 limit will raise rates by up to $414 extra every 12 months. View Rates by Deductible or Liability Limit

If you have a few points on your driving record or tend to cause accidents, you may be forking out at a minimum $1,600 to $2,200 extra every year, depending on your age. A high-risk auto insurance policy can be as much as 43% to 133% more than the average rate. View High Risk Driver Rates

How to Find Cheaper Chevrolet Bolt EV Insurance

Finding cheaper rates on car insurance requires being a low-risk driver, having above-average credit, not filing small claims, and possibly raising deductibles. Make time to compare rates once a year by requesting rates from direct companies like GEICO, Progressive, and Esurance, and also from local insurance agents.

The items below are a condensed summary of the data that was touched on in this article.

• You may be able to save as much as $160 per year just by quoting early and online
• Policyholders who require more liability coverage will pay around $510 every year to increase from a 30/60 limit to 250/500 limits
• Teen drivers are expensive to insure, as much as $427 each month if full coverage is included
• Higher risk drivers with multiple at-fault accidents may be required to pay an average of $1,570 more each year to insure their Bolt EV