Chevrolet Bolt EV Car Insurance Cost 2025

The average cost of insuring a Chevrolet Bolt EV is $2,800 per year. However, this amount can fluctuate depending on factors such as your age, the model year of the vehicle, and other individual circumstances. You can use our quote tables below to get a more accurate estimate of your specific insurance costs.

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Updated: 25 April 2025
Written by Bob Phillips
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The average cost to insure a 2025 Chevrolet Bolt EV falls between $1,500 and $2,800 per year, depending on the driver’s profile, coverage level, and location. As an electric vehicle, the Bolt EV tends to be slightly more expensive to insure than traditional gas-powered models due to higher repair costs and specialized parts.

However, its strong safety ratings and compact design help offset some of those costs, making it more affordable than many other EVs in its class.

Drivers can find the most competitive rates by comparing multiple providers, as prices can vary significantly from one company to another.

How Much Does Chevrolet Bolt EV Car Insurance Cost?

On average, Chevrolet Bolt EV drivers can expect to pay around $2,800 per year for car insurance.

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.

Average Insurance Cost Of Chevrolet Bolt EV By Model Year

Model Year Average Premium
2025 Chevrolet Bolt EV $1,486
2023 Chevrolet Bolt EV $1,410
2022 Chevrolet Bolt EV $1,255
2021 Chevrolet Bolt EV $763
2020 Chevrolet Bolt EV $1,004
2019 Chevrolet Bolt EV $1,455
2018 Chevrolet Bolt EV $1,314
2017 Chevrolet Bolt EV $863

2025 Chevrolet Bolt EV Insurance Rates

The average annual insurance cost for a 2025 Chevrolet Bolt EV is $1,486. However, PEMCO offers the cheapest rates, averaging $932 per year.

Insurance Provider Average Annual Cost
PEMCO $932
Capital Insurance Group $1,098
Unigard $1,242
Oregon Mutual $1,403
Chubb $1,538
Travelers $1,552
GMAC Insurance Group $1,714
Penn National $1,745
USAA $1,754
Allied $1,883

2023 Chevrolet Bolt EV Insurance Rates

The average annual insurance cost for a 2023 Chevrolet Bolt EV is $1,410. However, PEMCO offers the cheapest rates, averaging $907 per year.

Insurance Provider Average Annual Cost
Oregon Mutual $1,295
PEMCO $907
USAA $1,720
Allied $1,786
Penn National $1,619
GMAC Insurance Group $1,626
Capital Insurance Group $1,044
Travelers $1,503
Unigard $1,146
Chubb $1,451

2022 Chevrolet Bolt EV Insurance Rates

The average annual insurance cost for a 2022 Chevrolet Bolt EV is $1,255. However, Clearcover offers the cheapest rates, averaging $309 per year.

Insurance Provider Average Annual Cost
Partners Mutual Insurance Co $1,338
Plymouth Rock $1,026
Pekin Insurance $839
North Carolina Farm Bureau $1,456
PEMCO $1,595
SECURA Insurance $1,434
Hastings Mutual Insurance Co $1,664
Clearcover $309
Buckeye Insurance Group $1,488
New Jersey Manufacturers $1,397

2021 Chevrolet Bolt EV Insurance Rates

The average annual insurance cost for a 2021 Chevrolet Bolt EV is $763. However, Kemper Auto | Infinity offers the cheapest rates, averaging $249 per year.

Insurance Provider Average Annual Cost
SECURA Insurance $1,067
Safeco $324
Concord Group $1,061
Norfolk and Dedham Group $883
Arbella Insurance Group $1,063
ACE American Pool $1,049
Mercury Insurance $273
Safety Group $833
Plymouth Rock Assurance $824
Kemper Auto | Infinity $249

2020 Chevrolet Bolt EV Insurance Rates

The average annual insurance cost for a 2020 Chevrolet Bolt EV is $1,004. However, Safeco offers the cheapest rates, averaging $200 per year.

Insurance Provider Average Annual Cost
Safeco $200
PEMCO $1,148
Capital Insurance Group $1,414
Farm Bureau Mutual (IA Group) $1,237
New Jersey Manufacturers $1,241
New York Central Mutual Fire $1,261
Virginia Farm Bureau $896
SafeAuto $543
Direct Auto $1,123
North Carolina Farm Bureau $980

2019 Chevrolet Bolt EV Insurance Rates

The average annual insurance cost for a 2019 Chevrolet Bolt EV is $1,455. However, Wolverine Mutual offers the cheapest rates, averaging $751 per year.

Insurance Provider Average Annual Cost
Sentry $1,682
Pekin Insurance $1,663
Wolverine Mutual $751
Liberty Mutual $1,497
MEEMIC Insurance Company $1,211
Penn National $1,753
21st Century $1,609
Tennessee Farmers $1,467
Donegal Mutual Insurance Co $1,738
MO Farm Bureau Services $1,182

2018 Chevrolet Bolt EV Insurance Rates

The average annual insurance cost for a 2018 Chevrolet Bolt EV is $1,314. However, New Jersey Manufacturers offers the cheapest rates, averaging $941 per year.

Insurance Provider Average Annual Cost
First Chicago Insurance $1,337
New Jersey Manufacturers $941
SafeAuto $1,091
Oregon Mutual $855
Wolverine Mutual $1,271
PEMCO $1,096
Mississippi Farm Bureau $1,630
Capital Insurance Group $1,567
Pekin Insurance $1,607
Liberty Mutual $1,747

2017 Chevrolet Bolt EV Insurance Rates

The average annual insurance cost for a 2017 Chevrolet Bolt EV is $863. However, Safeco offers the cheapest rates, averaging $57 per year.

Insurance Provider Average Annual Cost
Indiana Farmers Mutual Ins $1,017
Safeco $57
Titan $1,126
Utica National Ins Group $865
Wolverine Mutual $1,002
Pekin Insurance $998
Buckeye Insurance Group $775
North Carolina Farm Bureau $880
Farm Bureau Mutual (IA Group) $1,055
Atlantic States Insurance $857

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Cost of Chevrolet Bolt EV Car Insurance By Age

Age has a significant impact on car insurance rates. Teenagers generally pay the highest premiums, as they are statistically more likely to be involved in accidents compared to other age groups. As you get older, your premiums typically decrease, as you become a lower risk to insure.

Driver Age Good Driver Recent Accident Poor Credit
17 $9,627 $14,096 $16,490
18 $8,933 $13,170 $15,415
19 $7,882 $11,598 $13,613
20 $6,942 $10,100 $11,873
21 $5,761 $8,507 $9,971
22 $5,673 $8,295 $9,718
23 $4,962 $7,199 $8,463
24 $4,637 $6,846 $8,033
25 $4,070 $5,916 $6,945
30 $3,140 $4,622 $5,450
35 $2,960 $4,314 $5,092
40 $2,858 $4,160 $4,846
45 $2,714 $4,014 $4,690
55 $2,505 $3,742 $4,384
65 $2,614 $3,860 $4,521
$3,294 $4,875 $5,707

Chevrolet Bolt EV Car Insurance Rates By State

Where you live plays a crucial role in how insurance companies determine rates. Each state has its own regulations for auto insurance; for example, drivers in Michigan often face higher premiums due to the state’s requirement for higher coverage levels. Additionally, different areas experience varying climates—some may deal with extreme weather like hurricanes, storms, and flooding.

Each location also has unique statistics on crime and auto accidents, including thefts, crashes, and vehicle fatality rates. Insurance providers take all of these factors into account when calculating your specific Chevrolet Bolt EV insurance rate.

State Good Driver Recent Accident Poor Credit
Alabama $2,997 $4,371 $5,554
Alaska $2,501 $3,457 $3,343
Arizona $2,798 $4,090 $5,983
Arkansas $3,048 $4,872 $5,311
California $3,419 $6,061 $3,460
Colorado $3,237 $4,457 $5,654
Connecticut $4,044 $6,292 $8,043
Delaware $3,353 $4,465 $5,814
Florida $4,012 $5,590 $7,230
Georgia $3,326 $4,950 $4,946
Hawaii $1,312 $1,791 $1,308
Idaho $2,234 $3,032 $3,697
Illinois $2,433 $3,608 $4,144
Indiana $2,449 $3,757 $4,225
Iowa $1,917 $2,690 $3,093
Kansas $2,590 $3,720 $4,397
Kentucky $3,782 $5,433 $6,437
Louisiana $4,796 $7,219 $7,820
Maine $1,794 $2,550 $3,659
Maryland $2,962 $4,256 $4,706
Massachusetts $2,399 $4,081 $2,366
Michigan $5,652 $8,601 $13,614
Minnesota $2,378 $3,099 $4,370
Mississippi $2,840 $3,994 $4,081
Missouri $2,706 $3,810 $4,944
Montana $2,674 $3,761 $4,367
Nebraska $2,267 $3,410 $3,653
Nevada $3,765 $5,575 $5,905
New Hampshire $2,573 $4,114 $5,206
New Jersey $2,912 $4,546 $5,918
New Mexico $2,929 $4,436 $4,511
New York $2,776 $3,478 $5,729
North Carolina $1,700 $2,894 $2,111
North Dakota $2,364 $3,556 $4,137
Ohio $2,019 $3,221 $3,311
Oklahoma $3,271 $4,750 $5,275
Oregon $3,043 $4,014 $4,760
Pennsylvania $2,527 $3,754 $4,379
Rhode Island $4,233 $6,149 $6,955
South Carolina $2,888 $3,930 $5,523
South Dakota $2,553 $3,667 $4,318
Tennessee $3,060 $4,453 $5,968
Texas $3,079 $4,410 $5,474
Utah $2,585 $3,585 $5,028
Vermont $1,987 $3,088 $3,254
Virginia $1,837 $2,877 $2,788
Washington $2,473 $3,362 $4,080
West Virginia $2,529 $3,618 $4,470
Wisconsin $2,503 $3,870 $4,409
Wyoming $2,324 $3,288 $3,454

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Are Chevrolet Bolt EVs Expensive To Insure?

The Chevrolet Bolt EV is generally affordable to insure compared to other electric vehicles. On average, annual premiums for the 2025 Bolt EV range from $1,500 to $2,800, depending on individual factors like location, age, driving history, and coverage level. Its relatively low cost of repairs and strong safety ratings contribute to more moderate insurance rates. However, as with most electric cars, replacement parts and specialized maintenance can sometimes push premiums slightly higher than for traditional gas-powered vehicles. Overall, the Bolt EV offers a good balance between eco-friendly performance and manageable insurance costs for most drivers.

Cheapest Car Insurance Companies For A Chevrolet Bolt EV

The table above highlights five of the most affordable insurance providers for the 2025 Chevrolet Bolt EV. PEMCO offers the lowest estimated annual premium at $920, which breaks down to about $77 per month. Capital Insurance Group follows with a yearly cost of $1,100, translating to around $92 each month. Unigard presents a competitive rate at $1,240 annually or approximately $103 monthly. Oregon Mutual comes next at $1,400 per year, equaling about $117 per month. Finally, Chubb provides coverage at an estimated annual cost of $1,540, which works out to roughly $128 each month. These figures are adjusted within a 5% range and are intended to guide drivers in comparing affordable options for insuring their Bolt EV.

Insurance Company Average Monthly
PEMCO $77
Capital Insurance Group $92
Unigard $103
Oregon Mutual $117
Chubb $128

Common Chevrolet Bolt EV Insurance Discounts

Discounts can be a great way to reduce your car insurance costs. Most auto insurance providers offer various discounts, and here are some common ones you might be eligible for:

  • Multi-policy: Bundle your home and auto insurance policies with one provider to often receive a discounted rate.
  • Pay annually: Pay your premium all at once, rather than in monthly installments, and you may qualify for lower rates.
  • Defensive driving: Completing defensive driving courses from a certified institution can make you eligible for discounted premiums.

There may be other discounts available as well. It’s a good idea to speak with your insurance agent, as they can help you identify which discounts you qualify for.

Our Methodology

To calculate average car insurance costs, Insuranceopedia collected thousands of quotes from leading auto insurance providers. The sample profile used was for a 40-year-old male driver purchasing full-coverage car insurance with coverage limits of $100,000 in property damage liability, $100,000 in bodily injury liability, and a $1,000 deductible. Keep in mind, though, that these figures may not reflect your individual circumstances.

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FAQs

Do You Need Insurance Before You Can Purchase A Chevrolet Bolt EV?

Yes, you’ll need to provide proof of insurance before you can drive your Chevrolet Bolt EV off the dealership lot. It’s best to purchase a policy first and inform your insurance company about your new car, rather than accepting insurance directly through the dealership.

How Can You Get The Cheapest Insurance For Your Chevrolet Bolt EV?

The best way to find the most affordable insurance rates for your Chevrolet Bolt EV is by shopping around and comparing quotes from various auto insurance companies. Fortunately, Insuranceopedia makes it easy to compare quotes from multiple providers all in one place, right here on our website.

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