The average cost to insure a Chevrolet Bolt is $104 per month for liability coverage and $197 for full coverage. Chevy Bolt insurance rates are similar to those of comparable electric vehicles (EVs), like the Nissan Leaf, Hyundai Ioniq 5, and Kia Niro.
Chevrolet originally launched the Bolt, an affordable EV, in 2017 but discontinued production of the popular vehicle in 2023. The car had some reports of vehicle malfunctions, and Chevrolet wanted to update the car’s battery.1
Here’s what you should know about insuring a Chevy Bolt, including finding the right coverage for your model year and state.
Auto insurers consider your vehicle age in addition to factors like driving history and location when determining premiums.3 Different model years may have different safety features, and older models may have more wear and tear.
Bolt owners pay an average of $104 per month for liability coverage and $197 for full coverage, but rates vary by vehicle age. Compare average monthly quotes by model year for the Bolt below.
Chevrolet stopped producing the first-generation Bolt models after the 2023 model year to shift production to a new style of EV battery. The 2023 Bolt had a manufacturer’s suggested retail price (MSRP) ranging between $27,495 and $30,670.
Below, you can compare average insurance costs for the 2023 Bolt from several car insurance companies.
In 2022, a new Chevy Bolt had an original MSRP ranging from $32,495 to $35,545, depending on trim level. Here’s what different insurers are quoting for a 2022 Bolt model.
New Chevy Bolt EVs had an MSRP of $37,495 or $42,695 for the 2021 model year. Here are average insurance quotes for the 2021 Bolt from several auto insurance companies.
Buying a new Chevy Bolt in 2020 cost the same as the year before, at $37,495 and $41,895. Below, you can compare average insurance costs for the 2020 Bolt from different insurance companies.
The 2019 Chevy Bolt had an MSRP ranging from $37,495 to $41,895 for the two trim levels it offered.
Insurance costs vary by auto insurance company. Compare average monthly quotes for the 2019 Bolt below.
In its second year of production, the Chevy Bolt had two different trim levels with MSRPs of $37,495 and $41,780.
Here are the average quotes for the 2018 Chevrolet Bolt from several insurance companies.
The Chevy Bolt launched in 2017, with an original MSRP ranging from $37,495 to $41,780 for its inaugural model. Below, you can compare average insurance quotes for a 2017 Bolt from top insurance companies.
Car insurance rates can vary significantly by location, primarily because state laws regulate the insurance industry. The risks your car faces vary depending on where you live.2
Below, you can compare average monthly car insurance quotes across all Chevy models by state. Alaska and Hawaii aren’t included due to insufficient data.
Earning discounts, increasing your deductible, and maintaining a clean driving record can all help you save money on car insurance. Lowering your premium is important, but not having enough coverage can cost you money in the event of an accident.
You should consider the following auto coverages to protect your vehicle:
The following information can help you answer your remaining questions about car insurance for your Chevrolet Bolt.
USAA, GEICO, and State Farm charge the lowest rates for Chevy Bolt car insurance. USAA customers with a Bolt pay an average of $48 per month for liability coverage and $100 for full coverage. Bolt drivers with coverage from GEICO and State Farm pay a little bit more but still have affordable average rates.
The average cost of insurance for a Chevy Bolt is $104 per month for liability-only insurance and $197 for full-coverage insurance, Insurify data shows. How much you pay for coverage will depend on your driving record, chosen insurance company, coverage level, location, and more.
Not necessarily. Compared to the cost of insuring vehicles nationwide, the Chevy Bolt’s car insurance premiums are generally in line with average rates. Compared to similar EV models, the Bolt costs less to insure than the Nissan Leaf and the Hyundai Ioniq 5 but is more expensive than the Kia Niro.
Chevy stopped making the original Bolt in 2023. Although the vehicle was popular, Chevy wanted to switch production to a new battery style that would lower production costs. Chevy is relaunching the Bolt for 2027.
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