The Chevy Bolt is known for its spacious interior, smooth acceleration, and advanced technology, making it a practical choice for city and highway driving. However, you should be careful when choosing an insurance policy for your Chevy Bolt. The wrong provider can cause you a huge loss.
On average, Chevy Bolt insurance will cost $1,800 per year. However, there are ways you can cut costs on your Chevy Bolt insurance policy – especially by choosing the right kind of service provider.
It's now easier than ever to get a free quote for your Chevy Bolt- use Way.com to find multiple vetted insurance providers and compare deals in just minutes!
Your Chevy Bolt insurance rates can be affected by a number of factors , such as,
Teenagers pay higher premium rates for their Chevy Bolt than the rest of the age group. The premium rates for teenagers at different ages range from $9,599 to $7,906. This is often because of their relatively shorter driving history. Senior citizens pay around four times lesser premiums compared to teenagers.
| Age | Average Monthly Rate | Average Annual Rate |
|---|---|---|
| 17 | $799.92 | $9,599 |
| 18 | $745.50 | $8,946 |
| 19 | $658.83 | $7,906 |
| 20 | $574.42 | $6,893 |
| 21 | $481.75 | $5,781 |
| 22 | $469.17 | $5,630 |
| 23 | $410.50 | $4,926 |
| 24 | $390.00 | $4,680 |
| 25 | $336.58 | $4,039 |
| 30 | $262.17 | $3,146 |
| 35 | $245.58 | $2,947 |
| 40 | $236.17 | $2,834 |
| 45 | $229.83 | $2,758 |
| 55 | $210.75 | $2,529 |
| 65 | $219.83 | $2,638 |
| 75 | $277.50 | $3,330 |
Generally, older car models cost less to insure than newer models. However, some of the older Chevy Bolt models cost more to insure than the older models due to factors such as higher repair costs, limited availability of replacement parts, and safety features that may not meet current standards.
The average auto insurance premium for a 2023 Chevy Bolt is $1,107/year compared to $750/year for the 2017 model.
| Model Year | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| 2023 Chevy Bolt | $92.32 | $1,107.83 |
| 2022 Chevy Bolt | $111.11 | $1,333.33 |
| 2021 Chevy Bolt | $81.94 | $983.30 |
| 2020 Chevy Bolt | $72.62 | $871.47 |
| 2019 Chevy Bolt | $100.75 | $1,209.03 |
| 2018 Chevy Bolt | $110.86 | $1,330.30 |
| 2017 Chevy Bolt | $62.54 | $750.43 |
It costs around $1800 per year to insure a Chevy Bolt. However, Travelers offers the cheapest car insurance for Chevy Bolt at $1,584 per annum. Safe Auto is the most expensive insurance provider at $4,235 per annum.
| Company | Average Monthly Rate | Average Annual Rate |
|---|---|---|
| Travelers | $132 | $1,584 |
| Nationwide | $132.67 | $1,592 |
| USAA | $139.17 | $1,670 |
| Erie | $148.08 | $1,777 |
| Auto Owners | $161.08 | $1,933 |
| Westfield | $184.17 | $2,210 |
| State Farm | $189.58 | $2,275 |
| Mercury | $213.58 | $2,563 |
| Progressive | $240.08 | $2,881 |
| Allstate | $268.42 | $3,221 |
| Farmers | $271.75 | $3,261 |
| Safe Auto | $352.92 | $4,235 |
The average car insurance cost for a 2023 Chevy Bolt is $1,107.83 per year. However, PEMCO offers the cheapest rates,with an annual premium of $875.
| Company | Monthly Premium | Annual Premium |
|---|---|---|
| PEMCO | $72.92 | $875 |
| Capital Insurance Group | $87.17 | $1,046 |
| Unigard | $98.58 | $1,183 |
| Oregon Mutual | $111.33 | $1,336 |
| Chubb | $122.08 | $1,465 |
| Travelers | $123.17 | $1,478 |
| GMAC Insurance Group | $136.00 | $1,632 |
| Penn National | $138.50 | $1,662 |
| USAA | $139.25 | $1,671 |
| Allied | $149.92 | $1,799 |
The average car insurance cost for a 2022 Chevy Bolt is $1,333.33 per year. However, Clearcover offers the cheapest rates, with an annual premium of $318.
| Company | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| Clearcover | $26.50 | $318 |
| Pekin Insurance | $70.25 | $843 |
| Plymouth Rock | $81.67 | $980 |
| Partners Mutual Insurance Co | $110.25 | $1,323 |
| New Jersey Manufacturers | $112.92 | $1,355 |
| North Carolina Farm Bureau | $119.58 | $1,435 |
| Buckeye Insurance Group | $121.42 | $1,457 |
| SECURA Insurance | $123.00 | $1,476 |
| PEMCO | $133.25 | $1,599 |
| Hastings Mutual Insurance Co | $136.00 | $1,632 |
The average car insurance cost for a 2021 Chevy Bolt is $983.30 per year. However, Mercury Insurance offers the cheapest rates, with an annual premium of $233.
| Company | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| Mercury Insurance | $19.42 | $233 |
| Kemper Auto Infinity | $23.67 | $284 |
| Safeco | $30.83 | $370 |
| Plymouth Rock Assurance | $68.75 | $825 |
| Norfolk and Dedham Group | $69.75 | $837 |
| Safety Group | $69.75 | $837 |
| ACE American Pool | $88.92 | $1,067 |
| Arbella Insurance Group | $89.50 | $1,074 |
| SECURA Insurance | $90.17 | $1,082 |
| Concord Group | $91.67 | $1,100 |
The average annual insurance cost for a 2020 Chevy Bolt is $871.47. However, Safeco offers the cheapest rates, with an annual premium of $147.
| Company | Monthly Premium | Annual Premium |
|---|---|---|
| Safeco | $12.25 | $147 |
| SafeAuto | $46.92 | $563 |
| Virginia Farm Bureau | $71.42 | $857 |
| North Carolina Farm Bureau | $82.25 | $987 |
| Direct Auto | $95.08 | $1,141 |
| PEMCO | $95.58 | $1,147 |
| Farm Bureau Mutual (IA Group) | $101.75 | $1,221 |
| New York Central Mutual Fire | $102.25 | $1,227 |
| New Jersey Manufacturers | $104.08 | $1,249 |
| Capital Insurance Group | $113.67 | $1,364 |
The average car insurance cost for a 2019 Chevy Bolt is $1,209.03 per year. However, Wolverine Mutual offers the cheapest rates, with an annual rate of $735.
| Company | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| Wolverine Mutual | $61.25 | $735 |
| MO Farm Bureau Services | $94.50 | $1,134 |
| MEEMIC Insurance Company | $100.75 | $1,209 |
| Tennessee Farmers | $123.50 | $1,482 |
| Liberty Mutual | $127.75 | $1,533 |
| 21st Century | $134.25 | $1,611 |
| Pekin Insurance | $138.75 | $1,665 |
| Sentry | $141.00 | $1,692 |
| Donegal Mutual Insurance Co | $141.08 | $1,693 |
| Penn National | $142.42 | $1,709 |
The average annual insurance cost for a 2018 Chevy Bolt is $1,330.30. However, Oregon Mutual offers the cheapest rates, averaging $867 per year.
| Company | Monthly Premium | Annual Premium |
|---|---|---|
| Oregon Mutual | $72.25 | $867 |
| New Jersey Manufacturers | $75.25 | $903 |
| SafeAuto | $88.00 | $1,056 |
| PEMCO | $93.17 | $1,118 |
| Wolverine Mutual | $106.67 | $1,280 |
| First Chicago Insurance | $111.75 | $1,341 |
| Capital Insurance Group | $127.67 | $1,532 |
| Pekin Insurance | $131.00 | $1,572 |
| Mississippi Farm Bureau | $136.50 | $1,638 |
| Liberty Mutual | $142.50 | $1,710 |
The average car insurance cost for a 2017 Chevy Bolt is $750.43 per year. However, Safeco offers the cheapest rates, with an annual rate of $73.
| Company | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| Safeco | $6.08 | $73 |
| Buckeye Insurance Group | $61.33 | $736 |
| Atlantic States Insurance | $68.25 | $819 |
| North Carolina Farm Bureau | $69.75 | $837 |
| Utica National Ins Group | $73.42 | $881 |
| Wolverine Mutual | $79.42 | $953 |
| Indiana Farmers Mutual Ins | $82.92 | $995 |
| Farm Bureau Mutual (IA Group) | $84.25 | $1,011 |
| Pekin Insurance | $85.83 | $1,030 |
| Titan | $90.42 | $1,085 |
The auto insurance rates of Chevy Bolt have varied over the past few years due to inflation, expensive spare parts, and logistical issues. The average car insurance premium for the recent Chevy Bolt models is as follows:
Crash test ratings can significantly affect car insurance costs, as vehicles with higher ratings are considered safer and less risky to insure. The Chevy Bolt EV has very good overall crash test ratings.
| Model Year | Overall Rating | Frontal Crash | Side Crash | Rollover |
|---|---|---|---|---|
| 2021 Chevy Bolt Ev | 5 stars | 5 stars | 5 stars | 4 stars |
| 2022 Chevy Bolt EV | 5 stars | 5 stars | 5 stars | 4 stars |
| 2023 Chevy Bolt EV | 5 stars | 5 stars | 5 stars | 4 stars |
| 2024 Chevy Bolt EV | 5 stars | 5 stars | 5 stars | 4 stars |
The Chevy Bolt EV comes with a range of safety features, which can help reduce the insurance rates when you apply.
Some of the installed features include:
Chevy Bolt has high safety performance, earning the Insurance Institute for Highway Safety (IIHS) Top Safety Pick (TSP) designation. High safety ratings often lower premium rates.
| IIHS Safety Test | Chevy Bolt EV Rating |
|---|---|
| Overall Evaluation | Good |
| Crashworthiness | Good |
| - Small overlap front (driver-side) | Good |
| - Small overlap front (passenger-side) | Good |
| - Moderate overlap front | Good |
| - Side | Good |
| - Roof strength | Good |
| - Head restraints & seats | Good |
| Front Crash Prevention | Superior (with optional equipment) |
| Headlights | Acceptable (with optional equipment) |
| Child Seat Anchors (LATCH) | Acceptable |
Simply download the Way App or head to the Way.com website to start your auto insurance journey and get a free quote in minutes! Our platform lets you compare offers from more than 150 different insurance providers, letting you choose the best policy for your Chevy Bolt—all in as little as 60 seconds!
Chevy Bolt insurance costs vary depending on factors like the model year, your driving history, location, and coverage levels. Generally, EVs cost more to insure due to the higher repair costs, specialized parts, and the unique nature of the vehicle's battery system.
Older Chevy Bolt models may cost more to insure because they may have higher repair costs, especially if parts are harder to find or more expensive.
Yes, you can purchase full coverage insurance for a Chevy Bolt, which includes liability, collision, and comprehensive coverage. Full coverage is often recommended to protect against potential accidents, theft, or damage.
The specialized nature of the vehicle’s electric powertrain and battery system is one potential challenge that is related to insuring a Chevy Bolt. These components can be more expensive to repair or replace than those in traditional gasoline-powered cars, which may lead to higher insurance premiums.
To lower your insurance premium for the Chevy Bolt, you can consider raising your deductible, ensuring you qualify for all available discounts, or adjusting your coverage to fit your needs. It's also important to compare rates from different insurance providers. Safe driving habits and maintaining a good credit score can also help in securing a more affordable premium.
The auto insurance rates published in this guide are based on the results of research completed by Way.com’s data team. Using a mix of public and internal data, we analyzed millions of rate averages across U.S. ZIP codes.
Quotes are typically based on a full coverage policy average unless otherwise noted within the content.
These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes will differ. Given this, it’s important to go through our insurance steps form to find how much you can save with way.com
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