Chevrolet Bolt EV Insurance Rates

The average insurance rates for a Chevrolet Bolt EV are $1,440 a year for full coverage. Comprehensive costs an estimated $282 each year, collision insurance costs $548, and liability is $452. A liability-only policy costs around $504 a year, and high-risk insurance costs around $3,136. Teen drivers cost the most to insure at up to $5,452 a year.

Average premium for full coverage: $1,440

Policy rates broken down by type of insurance:

These estimates include $500 policy deductibles, split liability limits of 30/60, and includes medical/PIP and uninsured motorist coverage. Prices are averaged for all states and Bolt EV models.

Price Range Variability

Urban vs. Rural Price Range

Choosing to live in a large city can make a big difference on insurance rates. More rural locations are shown to have a lower frequency of accident claims than larger metro areas. The graphic below illustrates how your location can change insurance prices.

The examples above show why all drivers should compare rates quotes for a targeted area and risk profile, instead of making a decision based on price averages.

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

Additional Charts and Tables

The chart below shows average Chevrolet Bolt EV insurance rates for other coverage scenarios.

• The lowest rate with discounts is $822
• Raising to $1,000 deductibles will save approximately $188 a year
• The average rate for a good driver age 40 who has $500 deductibles is $1,440
• Choosing low deductibles will increase the cost to $1,808
• Drivers with multiple violations and an at-fault accident could pay up to $3,136
• Policy cost for full coverage for a 16-year-old driver can cost as much as $5,452

View Chart as Image

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

More mature drivers with no driving violations and high deductibles may pay as low as $1,300 every 12 months on average, or $108 per month, for full coverage. Rates are highest for teenagers, where even good drivers will be charged at least $5,400 a year. View Rates by Age

Your home state also has a big influence on Chevrolet Bolt EV insurance prices. A middle-age driver might find rates as low as $950 a year in states like Iowa, Maine, and Idaho, or as much as $2,050 on average in New York, Louisiana, and Michigan.

View Chart as Image

Choosing high deductibles can reduce rates by up to $560 annually, whereas increasing liability limits will increase premiums. Going from a 50/100 limit to a 250/500 limit will raise rates by up to $407 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 could be paying $1,700 to $2,400 extra every year, depending on your age. Insurance for high-risk drivers is expensive and can cost from 44% to 132% more than average. View High Risk Driver Rates

How to Find Cheap Chevrolet Bolt EV Insurance

Finding cheaper rates on insurance for a Chevrolet Bolt EV consists of being safe and accident-free, having above-average credit, avoid buying unnecessary coverage, and possibly higher deductibles. Invest the time to shop around at least once a year by requesting quotes from direct carriers like GEICO, Progressive, and Esurance, and also from local independent and exclusive agents.

Below you'll find a brief summary of the primary concepts that were illustrated above.

• Drivers can save approximately $180 per year just by quoting online in advance
• Drivers considered higher risk that tend to have accidents or serious violations pay an average of $1,700 more annually than a low-risk driver
• Increasing comprehensive and collision deductibles can save around $550 each year
• Youthful drivers have the highest car insurance rates, costing up to $454 each month if full coverage is included