Chevrolet Bolt Insurance Rates

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UPDATED: Jun 6, 2023

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Average insurance prices for a Chevrolet Bolt are $1,266 every 12 months for full coverage. Comprehensive costs an estimated $248, collision insurance costs $400, and liability is estimated at $460. Liability-only coverage costs approximately $510 a year, and high-risk coverage costs around $2,736. Teen drivers receive the highest rates at up to $4,866 a year.

Average premium for full coverage: $1,266

Rate estimates broken down by individual coverage type:

Comprehensive $248
Collision $400
Liability $460

Prices are based on $500 physical damage insurance deductibles, minimum liability limits, and includes both medical and UM/UIM coverage. Rates are averaged for all states and for different Bolt trim levels.

Price Range by Coverage and Risk

Using a middle-aged driver as an example, prices range range from the cheapest price of $510 for basic liability insurance to a much higher rate of $2,736 for high-risk insurance.

Liability Only $510
Full Coverage $1,266
High Risk $2,736

Price Range by Location

Living in a larger city can have significant affects on insurance rates. More rural locations tend to have more infrequent accident claims than larger metro areas. The price range example below illustrates how where you live affects insurance prices.

Rural Areas $950
Small Cities $1,329
Large Cities $1,709

These examples show why anyone shopping for car insurance should get quotes for a targeted area and their own driving history, instead of using 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.

Rate Comparisons

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

  • The lowest rate with discounts is $743
  • Choosing higher $1,000 deductibles can save approximately $146 a year
  • The average price for a 40-year-old driver who has $500 deductibles is $1,266
  • Choosing more expensive low deductibles for comp and collision coverage increases the price to $1,550
  • Unlucky drivers with multiple violations and an at-fault accident could pay up to $2,736
  • The cost to insure a teen driver with full coverage can cost as much as $4,866 each year

View Chart as Image

Chevrolet Bolt insurance cost comparison chart
Column chart showing Chevrolet Bolt insurance rates range from $743 to $4,866 for full coverage

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

Choosing high deductibles can save as much as $430 every year, while increasing your policy's liability limits will increase premiums. Going from a 50/100 liability limit to a 250/500 limit will cost as much as $414 extra every 12 months. View Rates by Deductible or Liability Limit

An older driver with no driving violations and higher deductibles may pay as little as $1,200 annually on average for full coverage. Rates are highest for teen drivers, since even excellent drivers will be charged at least $4,800 a year. View Rates by Age

If you like to drive fast or you were responsible for an accident, you could be paying $1,500 to $2,100 extra per year, depending on your age. High-risk driver insurance ranges as much as 43% to 132% more than average. View High Risk Driver Rates

Where you live plays a big part in determining prices for Chevrolet Bolt insurance prices. A good driver about age 40 could pay as low as $840 a year in states like Iowa, Maine, and Idaho, or as much as $1,810 on average in New York, Louisiana, and Michigan.

Chevrolet Bolt Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $1,146 -$120 -9.5%
Alaska $972 -$294 -23.2%
Arizona $1,052 -$214 -16.9%
Arkansas $1,266 -$0 0.0%
California $1,444 $178 14.1%
Colorado $1,212 -$54 -4.3%
Connecticut $1,304 $38 3.0%
Delaware $1,436 $170 13.4%
Florida $1,586 $320 25.3%
Georgia $1,170 -$96 -7.6%
Hawaii $910 -$356 -28.1%
Idaho $858 -$408 -32.2%
Illinois $944 -$322 -25.4%
Indiana $954 -$312 -24.6%
Iowa $854 -$412 -32.5%
Kansas $1,204 -$62 -4.9%
Kentucky $1,730 $464 36.7%
Louisiana $1,876 $610 48.2%
Maine $784 -$482 -38.1%
Maryland $1,046 -$220 -17.4%
Massachusetts $1,014 -$252 -19.9%
Michigan $2,202 $936 73.9%
Minnesota $1,062 -$204 -16.1%
Mississippi $1,518 $252 19.9%
Missouri $1,124 -$142 -11.2%
Montana $1,362 $96 7.6%
Nebraska $1,000 -$266 -21.0%
Nevada $1,520 $254 20.1%
New Hampshire $914 -$352 -27.8%
New Jersey $1,418 $152 12.0%
New Mexico $1,122 -$144 -11.4%
New York $1,336 $70 5.5%
North Carolina $730 -$536 -42.3%
North Dakota $1,038 -$228 -18.0%
Ohio $876 -$390 -30.8%
Oklahoma $1,304 $38 3.0%
Oregon $1,162 -$104 -8.2%
Pennsylvania $1,210 -$56 -4.4%
Rhode Island $1,692 $426 33.6%
South Carolina $1,148 -$118 -9.3%
South Dakota $1,070 -$196 -15.5%
Tennessee $1,110 -$156 -12.3%
Texas $1,528 $262 20.7%
Utah $938 -$328 -25.9%
Vermont $868 -$398 -31.4%
Virginia $760 -$506 -40.0%
Washington $982 -$284 -22.4%
West Virginia $1,162 -$104 -8.2%
Wisconsin $878 -$388 -30.6%
Wyoming $1,130 -$136 -10.7%

View Chart as Image

Chevrolet Bolt insurance rates by U.S. city
Chevrolet Bolt Insurance Rates by Model Year
Model Year Comprehensive Collision Liability Total Premium
2020 Chevrolet Bolt $282 $512 $442 $1,394
2017 Chevrolet Bolt $248 $400 $460 $1,266

Rates are averaged for all Chevrolet Bolt 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 Affordable Chevrolet Bolt Insurance

Saving money on car insurance takes being a low-risk driver, maintaining a good credit score, eliminating unneeded coverage, and possibly higher deductibles. Take the time to comparison shop every couple of years by getting rate quotes from direct carriers like GEICO, Progressive, and Esurance, and also from several local insurance agents.

The items below are a brief review of the material that was touched on in the above illustrations.

  • Policyholders who want more liability coverage will pay about $510 each year to raise limits from a minimum limit to a 250/500 level
  • Teen drivers have the highest car insurance rates, costing as high as $406 per month if the policy includes full coverage
  • Higher risk drivers with DUI or reckless driving convictions pay on average $1,470 more annually to insure their Bolt
  • Increasing deductibles could save as much as $425 each year

Rates by Driver Age

Chevrolet Bolt Insurance Rates by Driver Age
Driver Age Premium
16 $4,866
20 $2,910
30 $1,310
40 $1,266
50 $1,160
60 $1,136

Full coverage, $500 deductibles

Rates by Deductible

Chevrolet Bolt Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,550
$250 $1,420
$500 $1,266
$1,000 $1,120

Full coverage, driver age 40

Rates by Liability Limit

Chevrolet Bolt Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,266
50/100 $1,358
100/300 $1,473
250/500 $1,772
100 CSL $1,404
300 CSL $1,657
500 CSL $1,841

Full coverage, driver age 40

Rates for High Risk Drivers

Chevrolet Bolt Insurance Rates for High Risk Drivers
Age Premium
16 $6,912
20 $4,638
30 $2,784
40 $2,736
50 $2,616
60 $2,592

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 $174

Potential Rate Discounts

If you qualify for discounts, you may save the amounts shown below.

Discount Savings
Multi-policy $66
Multi-vehicle $67
Homeowner $20
5-yr Accident Free $87
5-yr Claim Free $81
Paid in Full/EFT $53
Advance Quote $60
Online Quote $89
Total Discounts $523
Rate after discounts $743

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

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