Gianetta Palmer is a writer, copywriter, and essayist. Her work has appeared in EverydayHealth.com, Healthline, and The Dyrt Magazine. She is the author of Scrunchie-Fried and writes a lot about car insurance in her spare time.

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Joel Ohman is the CEO of a private equity-backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He also has an MBA from the University of South Florid...

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Reviewed by Joel Ohman
Founder, CFP®

UPDATED: Jun 17, 2021

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Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.

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Are you looking for a new or used Chevrolet Bolt EV? And wondering how much it costs to insure by year? We researched average annual car insurance costs for each model year and have compiled the results for you below.

Chevrolet Bolt EV insurance facts

  • Average full coverage auto insurance premium: $133/month

  • Most affordable companies: Nationwide ($115/month) & GEICO ($119/month)

  • Bolt EV insurance cost vs. average rates: $17 less expensive than the average vehicle

Explore the pricing information below to find how much it will cost you to insure your Chevy Bolt EV by model year and auto insurer.

Make sure to comparison shop before making a new car purchase to save money. 

Free Auto Insurance Comparison

Enter your ZIP code below to view companies that have cheap auto insurance rates.

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Below average Chevrolet Bolt EV insurer costs by state:

Risk factors affecting Chevrolet Bolt EV car insurance rates

The make and model of your vehicle, along with the year of manufacture, are the three most important factors in determining your car’s value, which in turn is the main factor in determining your car insurance premium. Your own personal driving history, age, marital status, credit scoretype of vehicle, coverage levels, and other personal factors are also important components of your rate.

How to save money on Chevy Bolt EV car insurance coverage?

Many driver discounts are available to people through most major auto insurance companies, such as

  • Student discounts

  • Safe drivers

  • Senior discounts

With all Chevrolet models, you can get the following car insurance discounts:

  • Passive restraint systems

  • Anti-lock brakes

  • Anti-theft devices

Chevrolet automobile brand

Chevrolet or referred to as Chevy, is a vehicle brand of General Motors specializing in popular, affordable cars for the United States market. The target market of Chevy is middle-class customers and the more affluent for higher-end models such as Cadillac. Chevrolet focuses on high quality, advanced technology, creative designs, and affordability. All Chevrolet automobiles have high safety ratings, with many of their cars getting “Top Safety Pick” and 5-star safety and crash test ratings from the National Highway Traffic Safety Administration (NHTSA). The Chevrolet Corvette, Tahoe, Silverado, and Suburban are some of their most popular vehicles.

Higher than average Chevy Bolt EV repair costs equal higher coverage rates

Many consumers are attracted to Chevrolet’s creative designs, increased fuel efficiency, and driver-assist technologies, like Chevy’s Enhanced Driver Alert Package. Automotive parts are common but generally more expensive than popular vehicles, like the Toyota, Honda, or Subaru. Repairing a Chevrolet is higher than average since repair parts are slightly more expensive. For this reason, many Chevrolets are going to have higher than average car insurance rates to similar cars in their class.

Rapid depreciation for Chevrolet Bolt EV affecting auto policies

Another factor to consider for Chevrolets is rapid depreciation, affecting auto insurance rates. As your vehicle’s value goes down each year, your auto policy could go down at each renewal. On the other hand, in an auto accident, you need repair parts that rarely go down in price for all Chevy models. This could put you in a difficult situation position since many car insurance companies will subtract depreciation from the amount paid for your insurance claim resulting in a situation where your claim payout doesn’t fully cover your repair cost.

High IIHS and NHTSA safety ratings decreasing car insurance rates for drivers

Chevrolets are known for their safety ratings, safety features, 5-star crash test ratings, driver-assist technologies such as the Driver Alert Technology Package, and lower auto insurance rates for drivers with a good driving record, sometimes getting 20% driver discounts for passive restraints and safety features for most Chevrolet models. The Chevrolet Equinox, Cruze, and Bolt EV are the Insurance Institute for Highway Safety (IIHS) “Top Safety Picks,” and the NHTSA consistently gives Chevy automobiles top safety ratings each year, lowering your car insurance costs.

AutoInsureSavings.org licensed car insurance agents to recommend comprehensive and collision coverage, uninsured motorist coverage, and roadside assistance for new Chevrolet automobile owners when buying a car insurance policy.

Make sure to shop around with multiple car insurance carriers before making a new car purchase.

2021 Chevrolet Bolt EV

Cheapest Insurance CompaniesAverage Annual Cost
21st Century $2240
Acuity$2354
Allied$1916
Allstate$2016
American Family$1955
Arbella$1989
Country Financial$2139
Erie$1750
GEICO$1528
Kentucky Farm Bureau$2177
Liberty Mutual$1846
Mercury$1890
Nationwide$1490
Progressive$1788
State Farm$1649
Texas Farm Bureau$2011
The Hanover$2196
Travelers$2088

Compare all 2021 Chevrolet Bolt EV rates

Average Cost to Insure Per Year

$1590

List Price

$36500

Trims Available

LT - Premier - Engine: 200-hp electric motor with Chevy Safe Assist driver technologies: forward collision warning (FCW) with pedestrian detection, automatic emergency braking (AEB), lane departure warning (LDW), lane-keeping assistance (LKA), a following distance indicator, IntelliBeam automatic high-beam headlights, Standard and passive safety features: Adaptive Cruise Control, Lane Departure Warning, Rear Cross-Traffic Alert, Lane Change Alert with Side Blind Zone Alert, Safety Alert Seat, Onstar Safety and Security, Airbags, Anti-lock brakes, Stability control, Airbags, and Pretensioners

2020 Chevrolet Bolt EV

Cheapest Insurance CompaniesAverage Annual Cost
21st Century $2249
Allied$1890
Allstate$1980
American Family$1899
Arbella$1903
Country Financial$2067
Erie$1755
GEICO$1536
Kentucky Farm Bureau$2098
Liberty Mutual$1844
Mercury$1878
Nationwide$1487
State Farm$1659
Texas Farm Bureau$1944
The Hanover$2159
Travelers$2035

Compare all 2020 Chevrolet Bolt EV rates

Average Cost to Insure Per Year

$1578

List Price

$36620

Trims Available

LT - Premier - Engine: 200-hp electric motor with Chevy Safe Assist driver technologies: forward collision warning (FCW) with pedestrian detection, automatic emergency braking (AEB), lane departure warning (LDW), lane-keeping assistance (LKA), a following distance indicator, IntelliBeam automatic high-beam headlights, Standard and passive safety features: Adaptive Cruise Control, Lane Departure Warning, Rear Cross-Traffic Alert, Lane Change Alert with Side Blind Zone Alert, Safety Alert Seat, Onstar Safety and Security, Airbags, Anti-lock brakes, Stability control, Airbags, and Pretensioners

2019 Chevrolet Bolt EV

Cheapest Insurance CompaniesAverage Annual Cost
21st Century $2267
Allied$1520
Allstate$1900
American Family$1589
Arbella$1651
Country Financial$2021
Erie$1387
GEICO$1284
Kentucky Farm Bureau$2074
Liberty Mutual$1415
Mercury$1439
Nationwide$1236
State Farm$1329
Texas Farm Bureau$1740
The Hanover$2169
Travelers$1922

Compare all 2019 Chevrolet Bolt EV rates

Average Cost to Insure Per Year

$1568

List Price

$36620

Trims Available

LT - Premier - Engine: 200-hp electric motor with Chevy Safe Assist driver technologies: forward collision warning (FCW) with pedestrian detection, automatic emergency braking (AEB), lane departure warning (LDW), lane-keeping assistance (LKA), a following distance indicator, IntelliBeam automatic high-beam headlights, Standard and passive safety features: Adaptive Cruise Control, Lane Departure Warning, Rear Cross-Traffic Alert, Lane Change Alert with Side Blind Zone Alert, Safety Alert Seat, Onstar Safety and Security, Airbags, Anti-lock brakes, Stability control, Airbags, and Pretensioners

2018 Chevrolet Bolt EV

Cheapest Insurance CompaniesAverage Annual Cost
21st Century $2248
Allied$1487
Allstate$1745
American Family$1526
Arbella$1630
Country Financial$1946
Erie$1326
GEICO$1235
Kentucky Farm Bureau$2016
Liberty Mutual$1354
Mercury$1421
Nationwide$1216
State Farm$1289
Texas Farm Bureau$1689
The Hanover$2164
Travelers$1835

Compare all 2018 Chevrolet Bolt EV rates

Average Cost to Insure Per Year

$1529

List Price

$36620

Trims Available

LT - Premier - Engine: 200-hp electric motor with Chevy Safe Assist driver technologies: forward collision warning (FCW) with pedestrian detection, automatic emergency braking (AEB), lane departure warning (LDW), lane-keeping assistance (LKA), a following distance indicator, IntelliBeam automatic high-beam headlights, Standard and passive safety features: Adaptive Cruise Control, Lane Departure Warning, Rear Cross-Traffic Alert, Lane Change Alert with Side Blind Zone Alert, Safety Alert Seat, Onstar Safety and Security, Airbags, Anti-lock brakes, Stability control, Airbags, and Pretensioners

2017 Chevrolet Bolt EV

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 1477
Acuity$ 1477
American Family$ 1724
American Family$ 1724
Arbella$ 1676
Arbella$ 1676
Country$ 1672
Country$ 1672
Erie$ 1189
Erie$ 1189
Mercury$ 1221
Mercury$ 1221
Plymouth Rock Insurance$ 1362
Plymouth Rock Insurance$ 1362
State Farm$ 1729
State Farm$ 1729
Tennessee Farmers$ 1236
Tennessee Farmers$ 1236
Texas Farm Bureau$ 1137
Texas Farm Bureau$ 1137
USAA$ 1282
USAA$ 1282
Vermont Mutual$ 1503
Vermont Mutual$ 1503

Compare all 2017 Chevrolet Bolt EV rates

Average Cost to Insure Per Year

$ 1396

List Price

$ 36620

Trims Available

LT - Premier