Chevrolet Bolt EV Insurance Rates
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UPDATED: May 23, 2024
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Estimated insurance rates for a Chevrolet Bolt EV are $1,440 a year with full coverage. Comprehensive costs on average $282, collision insurance costs $548, and liability is estimated at $452. A policy with only liability insurance costs approximately $504 a year, and a high-risk policy costs around $3,136. 16-year-old drivers pay the most at up to $5,452 a year.
Average premium for full coverage: $1,440
Premium estimates by type of coverage:
Includes $500 policy deductibles, bodily injury liability limits of 30/60, and includes medical and UM/UIM coverage. Rates include averaging for all U.S. states and for all Bolt EV models.
Insurance Price Range by Risk and Coverage
For the average driver, insurance rates for a Chevrolet Bolt EV range from as low as $504 for just liability insurance to the much higher price of $3,136 for a driver who has had serious violations or accidents.
Insurance Price Range by Location
Living in a larger city can make a big difference on auto insurance rates. Rural areas are statistically proven to have a lower frequency of collision claims than congested cities. The example below illustrates how location impacts car insurance rates.
These rate differences demonstrate why everyone should get quotes based on a specific location and risk profile, instead of making a decision based on rate 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 average Chevrolet Bolt EV insurance rates for different risk profiles and scenarios.
- The best full coverage rate is $822
- Choosing higher $1,000 deductibles can save around $188 annually
- The average rate for a 40-year-old good driver with $500 deductibles is $1,440
- Buying pricier low deductibles for comp and collision coverage will increase the cost to $1,808
- Higher-risk drivers with multiple tickets or accidents could pay upwards of $3,136
- An auto insurance policy for full coverage for a 16-year-old driver for full coverage may cost $5,452 each year
Car insurance prices for a Chevrolet Bolt EV also have a wide range based on your driving characteristics, the trim level and model year, and policy deductibles and limits.
A more mature driver with no driving violations and high deductibles may pay as low as $1,300 annually on average, or $108 per month, for full coverage. Prices are highest for drivers in their teens, where even good drivers will be charged upwards of $5,400 a year. View Rates by Age
Where you choose to live plays a big part in determining prices for Chevrolet Bolt EV insurance prices. A good driver about age 40 could pay as low as $1,040 a year in states like New Hampshire, Ohio, and Utah, or at least $1,940 on average in Florida, Michigan, and New York.
| State | Premium | Compared to U.S. Avg | Percent Difference |
|---|---|---|---|
| Alabama | $1,302 | -$138 | -9.6% |
| Alaska | $1,104 | -$336 | -23.3% |
| Arizona | $1,196 | -$244 | -16.9% |
| Arkansas | $1,440 | -$0 | 0.0% |
| California | $1,640 | $200 | 13.9% |
| Colorado | $1,374 | -$66 | -4.6% |
| Connecticut | $1,480 | $40 | 2.8% |
| Delaware | $1,628 | $188 | 13.1% |
| Florida | $1,802 | $362 | 25.1% |
| Georgia | $1,328 | -$112 | -7.8% |
| Hawaii | $1,034 | -$406 | -28.2% |
| Idaho | $974 | -$466 | -32.4% |
| Illinois | $1,074 | -$366 | -25.4% |
| Indiana | $1,084 | -$356 | -24.7% |
| Iowa | $970 | -$470 | -32.6% |
| Kansas | $1,368 | -$72 | -5.0% |
| Kentucky | $1,964 | $524 | 36.4% |
| Louisiana | $2,130 | $690 | 47.9% |
| Maine | $888 | -$552 | -38.3% |
| Maryland | $1,186 | -$254 | -17.6% |
| Massachusetts | $1,150 | -$290 | -20.1% |
| Michigan | $2,502 | $1,062 | 73.8% |
| Minnesota | $1,206 | -$234 | -16.3% |
| Mississippi | $1,724 | $284 | 19.7% |
| Missouri | $1,278 | -$162 | -11.3% |
| Montana | $1,546 | $106 | 7.4% |
| Nebraska | $1,136 | -$304 | -21.1% |
| Nevada | $1,728 | $288 | 20.0% |
| New Hampshire | $1,038 | -$402 | -27.9% |
| New Jersey | $1,610 | $170 | 11.8% |
| New Mexico | $1,276 | -$164 | -11.4% |
| New York | $1,516 | $76 | 5.3% |
| North Carolina | $830 | -$610 | -42.4% |
| North Dakota | $1,180 | -$260 | -18.1% |
| Ohio | $994 | -$446 | -31.0% |
| Oklahoma | $1,478 | $38 | 2.6% |
| Oregon | $1,318 | -$122 | -8.5% |
| Pennsylvania | $1,374 | -$66 | -4.6% |
| Rhode Island | $1,920 | $480 | 33.3% |
| South Carolina | $1,304 | -$136 | -9.4% |
| South Dakota | $1,216 | -$224 | -15.6% |
| Tennessee | $1,260 | -$180 | -12.5% |
| Texas | $1,736 | $296 | 20.6% |
| Utah | $1,066 | -$374 | -26.0% |
| Vermont | $986 | -$454 | -31.5% |
| Virginia | $862 | -$578 | -40.1% |
| Washington | $1,114 | -$326 | -22.6% |
| West Virginia | $1,320 | -$120 | -8.3% |
| Wisconsin | $996 | -$444 | -30.8% |
| Wyoming | $1,282 | -$158 | -11.0% |
Opting for high physical damage deductibles can save as much as $560 annually, whereas buying more liability protection will cost you more. Moving from a 50/100 limit to a 250/500 limit will cost up to $407 extra every 12 months. View Rates by Deductible or Liability Limit
If you have a few violations or tend to cause accidents, you may be forking out at a minimum $1,700 to $2,400 extra annually, depending on your age. Chevrolet Bolt EV insurance for high-risk drivers ranges from 44% to 132% more than the average rate. View High Risk Driver Rates
| Model Year | Comprehensive | Collision | Liability | Total Premium |
|---|---|---|---|---|
| 2023 Chevrolet Bolt EV | $346 | $660 | $390 | $1,554 |
| 2022 Chevrolet Bolt EV | $332 | $656 | $398 | $1,544 |
| 2021 Chevrolet Bolt EV | $320 | $640 | $416 | $1,534 |
| 2019 Chevrolet Bolt EV | $292 | $592 | $442 | $1,484 |
| 2018 Chevrolet Bolt EV | $282 | $548 | $452 | $1,440 |
| 2017 Chevrolet Bolt EV | $270 | $516 | $456 | $1,400 |
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 Find the Cheapest Chevrolet Bolt EV Insurance
Finding better rates on insurance for a Chevrolet Bolt EV takes being safe and accident-free, having above-average credit, being claim-free, and possibly raising deductibles. Spend time shopping around every other policy renewal by requesting quotes from direct companies like Progressive, GEICO, and Esurance, and also from local insurance agents.
Below you'll find a recap of the ideas that were touched on above.
- Youthful drivers are expensive to insure, possibly costing $454 per month if full coverage is included
- Drivers considered higher risk that have major violations or accidents may be required to pay an average of $1,700 more each year than a low-risk driver
- Increasing policy deductibles can save around $550 each year
- You may be able to save as much as $180 per year just by quoting online well ahead of the renewal date
Rate Tables and Charts
Rates by Driver Age
| Driver Age | Premium |
|---|---|
| 16 | $5,452 |
| 20 | $3,348 |
| 30 | $1,496 |
| 40 | $1,440 |
| 50 | $1,316 |
| 60 | $1,292 |
Full coverage, $500 deductibles
Rates by Deductible
| Deductible | Premium |
|---|---|
| $100 | $1,808 |
| $250 | $1,636 |
| $500 | $1,440 |
| $1,000 | $1,252 |
Full coverage, driver age 40
Rates by Liability Limit
| Liability Limit | Premium |
|---|---|
| 30/60 | $1,440 |
| 50/100 | $1,530 |
| 100/300 | $1,643 |
| 250/500 | $1,937 |
| 100 CSL | $1,576 |
| 300 CSL | $1,824 |
| 500 CSL | $2,005 |
Full coverage, driver age 40
Rates for High Risk Drivers
| Age | Premium |
|---|---|
| 16 | $7,782 |
| 20 | $5,336 |
| 30 | $3,198 |
| 40 | $3,136 |
| 50 | $2,996 |
| 60 | $2,970 |
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 | $77 |
| Multi-vehicle | $77 |
| Homeowner | $22 |
| 5-yr Accident Free | $107 |
| 5-yr Claim Free | $94 |
| Paid in Full/EFT | $66 |
| Advance Quote | $72 |
| Online Quote | $103 |
| Total Discounts | $618 |
Discounts are estimated and may not be available from every company or in every state.
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