Chevrolet Bolt EV Insurance Rates
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Michelle Robbins
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UPDATED: May 23, 2024
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Average insurance prices for a Chevrolet Bolt EV are $1,340 every 12 months with full coverage. Comprehensive costs on average $258, collision costs $464, and liability costs $460. Buying just liability costs as little as $510 a year, with insurance for high-risk drivers costing around $2,908. Teen drivers receive the highest rates at $5,128 a year or more.
Average premium for full coverage: $1,340
Rate estimates by individual coverage type:
These estimates include $500 deductibles, liability limits of 30/60, and includes medical and UM/UIM coverage. Rates are averaged for all U.S. states and for all Bolt EV models.
Price Range by Coverage and Risk
For a driver in their 40's, prices range go from the cheapest price of $510 for just liability insurance to the much higher price of $2,908 for a driver that may need high-risk insurance.
Price Range by Location
Your location can make a big difference on auto insurance rates. Rural areas tend to have more infrequent collision claims than larger metro areas.
The example below illustrates how location helps determine car insurance rates.
These examples demonstrate why everyone should compare rates based on a specific location and their own driving history, instead of making a decision based on price averages.
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.
More Rate Details
The chart below details estimated 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 average price for a 40-year-old driver with $500 deductibles is $1,340
- Choosing pricier low deductibles for comprehensive and collision insurance increases the price to $1,658
- Drivers with multiple violations and an at-fault accident could pay upwards of $2,908 or more
- The cost to insure a 16-year-old driver for full coverage may cost $5,128 a year
Auto insurance rates for a Chevrolet Bolt EV can also vary considerably based on policy deductibles and limits, your driving record, and the trim level of your Bolt EV.
Choosing high deductibles could save up to $490 annually, whereas buying more liability protection will cost you more. Moving from a 50/100 liability limit to a 250/500 limit will cost as much as $414 extra every year. View Rates by Deductible or Liability Limit
A more mature driver with a good driving record and higher deductibles may pay as low as $1,300 per year on average for full coverage. Rates are highest for teen drivers, since even excellent drivers will have to pay upwards of $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 a minimum $1,600 to $2,200 in extra premium per year, depending on your age. Chevrolet Bolt EV insurance for high-risk drivers can cost from 43% to 133% more than average. View High Risk Driver Rates
Where you live makes a big difference in Chevrolet Bolt EV insurance prices. 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.
| State | Premium | Compared to U.S. Avg | Percent Difference |
|---|---|---|---|
| Alabama | $1,212 | -$128 | -9.6% |
| Alaska | $1,028 | -$312 | -23.3% |
| Arizona | $1,112 | -$228 | -17.0% |
| Arkansas | $1,340 | -$0 | 0.0% |
| California | $1,526 | $186 | 13.9% |
| Colorado | $1,280 | -$60 | -4.5% |
| Connecticut | $1,378 | $38 | 2.8% |
| Delaware | $1,516 | $176 | 13.1% |
| Florida | $1,678 | $338 | 25.2% |
| Georgia | $1,236 | -$104 | -7.8% |
| Hawaii | $962 | -$378 | -28.2% |
| Idaho | $908 | -$432 | -32.2% |
| Illinois | $998 | -$342 | -25.5% |
| Indiana | $1,010 | -$330 | -24.6% |
| Iowa | $904 | -$436 | -32.5% |
| Kansas | $1,274 | -$66 | -4.9% |
| Kentucky | $1,828 | $488 | 36.4% |
| Louisiana | $1,982 | $642 | 47.9% |
| Maine | $828 | -$512 | -38.2% |
| Maryland | $1,106 | -$234 | -17.5% |
| Massachusetts | $1,072 | -$268 | -20.0% |
| Michigan | $2,330 | $990 | 73.9% |
| Minnesota | $1,122 | -$218 | -16.3% |
| Mississippi | $1,606 | $266 | 19.9% |
| Missouri | $1,190 | -$150 | -11.2% |
| Montana | $1,440 | $100 | 7.5% |
| Nebraska | $1,058 | -$282 | -21.0% |
| Nevada | $1,608 | $268 | 20.0% |
| New Hampshire | $966 | -$374 | -27.9% |
| New Jersey | $1,498 | $158 | 11.8% |
| New Mexico | $1,188 | -$152 | -11.3% |
| New York | $1,412 | $72 | 5.4% |
| North Carolina | $770 | -$570 | -42.5% |
| North Dakota | $1,098 | -$242 | -18.1% |
| Ohio | $926 | -$414 | -30.9% |
| Oklahoma | $1,378 | $38 | 2.8% |
| Oregon | $1,226 | -$114 | -8.5% |
| Pennsylvania | $1,278 | -$62 | -4.6% |
| Rhode Island | $1,788 | $448 | 33.4% |
| South Carolina | $1,214 | -$126 | -9.4% |
| South Dakota | $1,132 | -$208 | -15.5% |
| Tennessee | $1,174 | -$166 | -12.4% |
| Texas | $1,616 | $276 | 20.6% |
| Utah | $994 | -$346 | -25.8% |
| Vermont | $916 | -$424 | -31.6% |
| Virginia | $804 | -$536 | -40.0% |
| Washington | $1,038 | -$302 | -22.5% |
| West Virginia | $1,230 | -$110 | -8.2% |
| Wisconsin | $926 | -$414 | -30.9% |
| Wyoming | $1,194 | -$146 | -10.9% |
With so much variability in rates, the best way to find out exactly what you will pay is to regularly compare rates from multiple companies. Every company uses a different rate calculation, and quoted rates can be significantly different.
| Model Year | Comprehensive | Collision | Liability | Total Premium |
|---|---|---|---|---|
| 2023 Chevrolet Bolt EV | $320 | $640 | $416 | $1,534 |
| 2022 Chevrolet Bolt EV | $310 | $612 | $430 | $1,510 |
| 2021 Chevrolet Bolt EV | $292 | $592 | $442 | $1,484 |
| 2019 Chevrolet Bolt EV | $270 | $516 | $456 | $1,400 |
| 2018 Chevrolet Bolt EV | $258 | $464 | $460 | $1,340 |
| 2017 Chevrolet Bolt EV | $242 | $426 | $460 | $1,286 |
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 Cheap Chevrolet Bolt EV Insurance
Saving money on insurance for a Chevrolet Bolt EV not only requires not taking risks behind the wheel, but also having a good credit score, eliminating unnecessary coverage, and taking advantage of discounts. Invest time comparing rates once a year by obtaining price quotes from direct companies like GEICO, Progressive, and Esurance, and also from local exclusive and independent agents.
The following is a brief summary of the data that was covered in the charts and tables above.
- You may be able to save as much as $160 per year simply by quoting online well ahead of the renewal date
- Insureds who require higher liability limits will pay about $510 every year to go from a minimum limit to a 250/500 level
- Teens are charged the highest rates, with premiums as much as $427 per month if comprehensive and collision insurance is included
- Drivers considered higher risk that tend to have accidents or serious violations may pay on average $1,570 more each year for Bolt EV insurance
Rate Tables and Charts
Rates by Driver Age
| Driver Age | Premium |
|---|---|
| 16 | $5,128 |
| 20 | $3,100 |
| 30 | $1,388 |
| 40 | $1,340 |
| 50 | $1,226 |
| 60 | $1,202 |
Full coverage, $500 deductibles
Rates by Deductible
| Deductible | Premium |
|---|---|
| $100 | $1,658 |
| $250 | $1,510 |
| $500 | $1,340 |
| $1,000 | $1,176 |
Full coverage, driver age 40
Rates by Liability Limit
| Liability Limit | Premium |
|---|---|
| 30/60 | $1,340 |
| 50/100 | $1,432 |
| 100/300 | $1,547 |
| 250/500 | $1,846 |
| 100 CSL | $1,478 |
| 300 CSL | $1,731 |
| 500 CSL | $1,915 |
Full coverage, driver age 40
Rates for High Risk Drivers
| Age | Premium |
|---|---|
| 16 | $7,296 |
| 20 | $4,940 |
| 30 | $2,962 |
| 40 | $2,908 |
| 50 | $2,780 |
| 60 | $2,756 |
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.
Potential Rate Discounts
If you qualify for discounts, you may save the amounts shown below.
| Discount | Savings |
|---|---|
| Multi-policy | $71 |
| Multi-vehicle | $72 |
| Homeowner | $21 |
| 5-yr Accident Free | $96 |
| 5-yr Claim Free | $87 |
| Paid in Full/EFT | $59 |
| Advance Quote | $65 |
| Online Quote | $95 |
| Total Discounts | $566 |
Discounts are estimated and may not be available from every company or in every state.
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