Chevrolet Bolt EV Car Insurance Cost

Insuring a Chevrolet Bolt EV typically averages about $880 per year through PEMCO. However, the actual costs can vary based on factors such as age, the model year of the car, and other individual considerations. You can utilize the quote tables provided below to determine the potential costs for your specific circumstances.

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Updated: 15 May 2024
Written by
Bob Phillips
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If you’re thinking about buying a Chevrolet Bolt EV, it’s important to consider the insurance costs. Insurance is a crucial aspect of owning a car, and it’s essential to understand its implications before making a purchase.

Selecting the right car insurance policy is vital to avoid unexpected and potentially high expenses in the future. It’s crucial to ensure you have adequate coverage in case of an accident to avoid significant out-of-pocket costs. Additionally, being found at fault in an accident could lead to increased premiums.

With over a decade of experience analyzing car insurance rates, I’ve observed the significant variability in these costs. Factors such as age, driving record, and location can have a considerable impact on insurance premiums.

How Much Does Chevrolet Bolt EV Car Insurance Cost?

Typically, PEMCO provides the most competitive annual rate of $880 for full coverage insurance on a 2023 Chevrolet Bolt EV.

While PEMCO’s rate serves as a valuable reference point, it’s crucial to recognize that car insurance costs can vary significantly due to various factors. These factors include your location, driving history, the model year of your car, and the specific coverage options you select. Maintaining a clean driving record can result in lower premiums, while a history of accidents or traffic violations may increase your costs.

Moreover, residing in an urban area with heavy traffic can lead to higher insurance rates compared to rural areas with lighter traffic. The type of coverage you opt for also affects your premium; for instance, full coverage insurance, including comprehensive and collision coverage, typically costs more than minimum liability coverage.

Insuranceopedia is available to assist you in comparing quotes from different insurance companies, ensuring that you find the best deal for your needs.

2023 Chevrolet Bolt EV Insurance Rates

Insurance Provider Average Annual Cost
PEMCO $880
Capital Insurance Group $1,053
Unigard $1,179
Oregon Mutual $1,324
Chubb $1,476
Travelers $1,471
GMAC Insurance Group $1,638
Penn National $1,644
USAA $1,690
Allied $1,811

2022 Chevrolet Bolt EV Insurance Rates

Insurance Provider Average Annual Cost
Clearcover $317
Countryway Insurance $814
Plymouth Rock $965
Colorado Farm Bureau Mutual $1,234
Partners Mutual Insurance Co $1,303
Utica National Ins Group $1,314
New Jersey Manufacturers $1,374
North Carolina Farm Bureau $1,350
Plymouth Rock Assurance $1,457
Buckeye Insurance Group $1,438

2021 Chevrolet Bolt EV Insurance Rates

Insurance Provider Average Annual Cost
Mercury Insurance $236
Kemper Auto | Infinity $282
Direct Auto $679
Plymouth Rock Assurance $810
Norfolk and Dedham Group $852
Safety Group $831
Clearcover $881
ACE American Pool $1,085
Arbella Insurance Group $1,087
Virginia Farm Bureau $1,095

2020 Chevrolet Bolt EV Insurance Rates

Insurance Provider Average Annual Cost
Safeco $158
Virginia Farm Bureau $854
PEMCO $883
North Carolina Farm Bureau $985
Concord Group $1,023
Capital Insurance Group $1,047
MO Farm Bureau Services $1,156
Unigard $1,240
New York Central Mutual Fire $1,213
Ohio Mutual Ins Group $1,252

2019 Chevrolet Bolt EV Insurance Rates

Insurance Provider Average Annual Cost
SAFECO $393
American National P $422
Wolverine Mutual $718
Utica National Ins Group $1,040
Georgia Farm Bureau $1,049
PEMCO $1,159
Mississippi Farm Bureau $1,157
Oregon Mutual $1,181
MO Farm Bureau Services $1,175
North Star $1,187

2018 Chevrolet Bolt EV Insurance Rates

Insurance Provider Average Annual Cost
SAFECO $475
Concord Group $521
Countryway Insurance $697
Direct Auto $812
MMG Insurance Company $903
Patriot Group $927
Vermont Mutual $964
PEMCO $1,056
MO Farm Bureau Services $1,283
Capital Insurance Group $1,297

2017 Chevrolet Bolt EV Insurance Rates

Insurance Provider Average Annual Cost
SAFECO $366
American National P&C $673
Buckeye Insurance Group $784
North Carolina Farm Bureau $852
Utica National Ins Group $893
Wolverine Mutual $920
Mercury Insurance Company $908
Indiana Farmers Mutual Ins $962
Titan $1,013
Western Reserve $1,118

Cost of Chevrolet Bolt EV Car Insurance By Age

Driver Age Good Driver Recent Accident Poor Credit
17 $7,373 $10,826 $12,655
18 $6,884 $10,065 $11,779
19 $6,073 $8,899 $10,413
20 $5,273 $7,760 $9,088
21 $4,449 $6,514 $7,624
22 $4,318 $6,339 $7,416
23 $3,791 $5,543 $6,492
24 $3,581 $5,292 $6,155
25 $3,080 $4,564 $5,316
30 $2,404 $3,549 $4,136
35 $2,264 $3,315 $3,869
40 $2,191 $3,193 $3,727
45 $2,124 $3,094 $3,647
55 $1,957 $2,848 $3,353
65 $2,009 $2,971 $3,487
75 $2,557 $3,733 $4,396

Chevrolet Bolt EV Car Insurance Rates By State

State Good Driver Recent Accident Poor Credit
Alabama $2,299 $3,366 $4,258
Alaska $1,923 $2,645 $2,584
Arizona $2,169 $3,106 $4,581
Arkansas $2,343 $3,729 $4,088
California $2,649 $4,661 $2,647
Colorado $2,441 $3,423 $4,375
Connecticut $3,145 $4,882 $6,177
Delaware $2,599 $3,479 $4,438
Florida $3,112 $4,258 $5,564
Hawaii $1,010 $1,357 $1,028
Idaho $1,750 $2,310 $2,804
Illinois $1,833 $2,786 $3,165
Indiana $1,890 $2,891 $3,243
Iowa $1,486 $2,031 $2,423
Kansas $1,999 $2,904 $3,371
Kentucky $2,858 $4,217 $4,966
Louisiana $3,659 $5,557 $6,045
Maine $1,401 $1,935 $2,847
Maryland $2,250 $3,257 $3,642
Massachusetts $1,818 $3,157 $1,807
Michigan $4,352 $6,649 $10,448
Minnesota $1,798 $2,394 $3,348
Mississippi $2,155 $3,101 $3,088
Missouri $2,052 $2,931 $3,822
Montana $2,054 $2,903 $3,352
Nebraska $1,761 $2,599 $2,825
Nevada $2,890 $4,269 $4,518
New Hampshire $2,022 $3,165 $4,024
New Jersey $2,195 $3,469 $4,564
New Mexico $2,261 $3,350 $3,473
New York $2,083 $2,627 $4,397
North Carolina $1,280 $2,231 $1,602
North Dakota $1,770 $2,693 $3,203
Ohio $1,582 $2,436 $2,500
Oklahoma $2,524 $3,609 $4,097
Oregon $2,292 $3,102 $3,693
Pennsylvania $1,957 $2,852 $3,324
Rhode Island $3,237 $4,733 $5,366
South Carolina $2,221 $3,068 $4,200
South Dakota $1,988 $2,824 $3,277
Tennessee $2,319 $3,428 $4,539
Texas $2,325 $3,379 $4,212
Utah $1,975 $2,792 $3,846
Vermont $1,548 $2,338 $2,479
Virginia $1,442 $2,227 $2,163
Washington $1,899 $2,599 $3,107
West Virginia $1,924 $2,756 $3,466
Wisconsin $1,929 $2,978 $3,423
Wyoming $1,785 $2,494 $2,651
Georgia $2,535 $3,749 $3,784

FAQs

Who has the cheapest car insurance for a Chevrolet Bolt EV?

For the 2023 model year, PEMCO offers the most affordable car insurance for the Chevrolet Bolt EV.

Which company offers the best car insurance for a Chevrolet Bolt EV?

Considering their combination of the lowest rates, extensive coverage options, and highly rated customer service, we believe that PEMCO provides the best car insurance for a Chevrolet Bolt EV.

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