Full coverage insurance for a Chevrolet Bolt ranges from $1,195 to $6,657 annually. Rates depend on the car’s model year, driver’s age, location, driving history, coverage level and insurer. This MoneyGeek article examines Chevrolet Bolt insurance costs, coverage options and the top providers for affordable rates.
Chevy Bolt Insurance Cost
Updated: March 11, 2025
Key Takeaways
State Farm offers the most affordable minimum coverage across all Chevy Bolt model years at $493 annually.
For a Chevrolet Bolt, the average annual cost is $606 for minimum coverage and $1,529 for full coverage.
MoneyGeek analyzed data and quotes for a Chevrolet Bolt from Quadrant Information Services, providing reliable insights into insurance costs.
Chevy Bolt Insurance Rates
What Is the Average Chevy Bolt Car Insurance Cost?
The average cost of full coverage insurance for a Chevrolet Bolt is $127 per month or $1,529 per year, based on a 40-year-old male with a clean driving record. Minimum coverage averages $51 monthly or $606 annually.
| Minimum Coverage | $606 |
| Full Coverage | $1,529 |
Chevy Bolt Insurance Costs by Company
Chevrolet Bolt insurance costs range from $1,215 to $2,168 per year, depending on age, model year and coverage level. The table below compares average Chevy Bolt insurance rates with the averages for all vehicles from several national and mid-size providers.
| Allstate | $1,976 | $1,809 | 9% |
| Auto-Owners | $1,253 | $1,226 | 2% |
| Farmers | $1,740 | $1,955 | -11% |
| GEICO | $1,251 | $1,332 | -6% |
| Kemper | $2,168 | $2,210 | -2% |
| Nationwide | $1,792 | $1,586 | 13% |
| Progressive | $2,017 | $1,740 | 16% |
| State Farm | $1,215 | $1,268 | -4% |
| Travelers | $1,274 | $1,521 | -16% |
| USAA | $1,258 | $1,199 | 5% |
Read more: Best Car Insurance Companies
Cost of Insuring a Chevy Bolt by Model Year
The year your Chevrolet Bolt was produced can influence your insurance costs, with older models often being cheaper to insure. For example, full coverage for a 2017 Bolt costs around $1,498 annually, while a 2020 model averages $1,561. Below are the average full and minimum coverage rates for each Chevy Bolt production year.
| 2022 | $624 | $1,513 |
| 2021 | $614 | $1,547 |
| 2020 | $612 | $1,561 |
| 2019 | $617 | $1,551 |
| 2018 | $621 | $1,531 |
| 2017 | $619 | $1,498 |
Chevy Bolt Insurance Costs by Driver Age
Chevrolet Bolt insurance rates vary widely depending on the driver's age. For instance, a 40-year-old pays an average of $1,534 annually for full coverage, much less than the $6,657 average for 16-year-olds. Below are the average full and minimum coverage premiums for Chevy Bolt drivers across age ranges.
| 16 | $2,801 | $6,657 |
| 17 | $2,300 | $5,496 |
| 18 | $2,011 | $4,853 |
| 19 | $1,433 | $3,462 |
| 20 | $1,287 | $3,148 |
| 21 | $1,020 | $2,545 |
| 22 | $932 | $2,337 |
| 23 | $865 | $2,180 |
| 24 | $819 | $2,071 |
| 25 | $721 | $1,835 |
| 26 | $702 | $1,790 |
| 27 | $685 | $1,749 |
| 28 | $674 | $1,722 |
| 29 | $664 | $1,697 |
| 30 | $642 | $1,627 |
| 35 | $624 | $1,569 |
| 40 | $618 | $1,534 |
| 45 | $611 | $1,506 |
| 50 | $596 | $1,455 |
| 55 | $579 | $1,410 |
| 60 | $580 | $1,406 |
| 65 | $619 | $1,470 |
| 70 | $672 | $1,574 |
| 75 | $746 | $1,725 |
| 80 | $843 | $1,918 |
| 85 | $910 | $2,056 |
| 90 | $960 | $2,151 |
Chevy Bolt Insurance Rates Explained
Many factors affect car insurance rates based on driver profiles. However, insurers also consider factors tied to your car. Below, we break down the vehicle-related cost factors.
Chevy Bolt Rates vs. National Average
All Vehicles
Average Full Coverage Rate
$1,296Chevy Bolt
Average Full Coverage Rate
$1,529Premiums for Chevy Bolt are:$233 more
This is 18% more expensive.
Value
The Chevy Bolt's MSRP of $30,695 classifies it as a compact electric vehicle, which means insurers may charge more for insurance due to factors like repair costs and advanced technology.
Performance
The Chevrolet Bolt is an electric compact vehicle that accelerates from 0 to 60 mph in 6.6 seconds and delivers 200 horsepower. Its electric drivetrain and repair costs may raise insurance costs, not because it's considered high-performance.
Fuel type
Electric cars like the Chevrolet Bolt may cost more to insure due to the high replacement cost of batteries and the specialized repair services they require.
Vehicle age
Newer cars like the Chevy Bolt are usually more expensive to insure than older ones. However, collector and classic vehicles can be costly to insure.
Safety features
The Chevy Bolt's 5-star NHTSA safety rating can help reduce insurance costs by demonstrating strong safety performance.
Vehicle size
Vehicles like the Chevrolet Bolt, with a curb weight of 3,624 lbs, may have varying insurance costs based on factors like repair expenses and safety features rather than solely their weight.
Trim level
Higher trim levels like the 5dr WGN 1LT typically have higher insurance costs than base models.
Cheapest Chevy Bolt Insurance
State Farm offers the cheapest auto insurance for Chevrolet Bolt at $493 annually for minimum coverage, based on a 40-year-old male with a clean driving record. Below is a breakdown of the most affordable Chevy Bolt insurance rates across coverage levels, age groups, driving records, model years and more.
Cheapest Chevy Bolt Insurance by Coverage Level
The coverage level you choose greatly affects your Chevrolet Bolt insurance rate. State Farm offers the most affordable rates for state minimum and full coverage. Below is a breakdown of the cheapest providers for each coverage type.
Cheapest Chevy Bolt Minimum Coverage
For Chevrolet Bolt owners, State Farm offers the cheapest minimum coverage at $41 per month. GEICO, Travelers and Farmers also provide competitive rates, ranging from $42 to $57.
| USAA | $37 | $439 |
| State Farm | $41 | $493 |
| GEICO | $42 | $510 |
| Travelers | $52 | $623 |
| Farmers | $57 | $678 |
| Allstate | $57 | $680 |
| Progressive | $60 | $714 |
| Nationwide | $63 | $762 |
*State Farm offers the lowest average minimum coverage insurance rate for non-military-affiliated Chevy Bolt owners. USAA is the most affordable option for military-affiliated drivers.
Best Chevy Bolt Insurance Rates by Model Year
The above list doesn't consider your vehicle's production year, so lower rates might be available. Check the table below for the cheapest minimum coverage rates for each Chevrolet Bolt production year.
Data filtered by:Results filtered by:
Select
Model Year:2017
| Allstate | $685 | $57 |
| Farmers | $672 | $56 |
| GEICO | $523 | $44 |
| Nationwide | $755 | $63 |
| Progressive | $708 | $59 |
| State Farm | $497 | $41 |
| Travelers | $629 | $52 |
| USAA | $450 | $38 |
*USAA is available only to military veterans, active service members and their families.
Cheapest Full Coverage Chevy Bolt Insurance
State Farm offers the cheapest full coverage for a Chevrolet Bolt at $1,195 annually or $100 monthly. Below is the full list of Chevy Bolt full coverage car insurance providers and rates.
| State Farm | $100 | $1,195 |
| USAA | $101 | $1,214 |
| GEICO | $104 | $1,245 |
| Travelers | $107 | $1,278 |
| Farmers | $138 | $1,654 |
| Nationwide | $140 | $1,685 |
| Allstate | $158 | $1,896 |
| Progressive | $164 | $1,969 |
Cheapest Chevy Bolt Insurance by Age
Younger drivers aged 16 to 25 and seniors 55 and up often face higher car insurance costs. Below is a breakdown of the cheapest Chevrolet Bolt insurance options by age.
Cheapest Chevy Bolt Insurance for Young Drivers
State Farm has the cheapest Chevrolet Bolt insurance for drivers aged 16 to 25 at $90 monthly or $1,080 annually for minimum coverage. The table below shows a full list of affordable rates for young drivers.
| USAA | $76 | $912 |
| State Farm | $90 | $1,080 |
| GEICO | $100 | $1,204 |
| Travelers | $107 | $1,284 |
| Allstate | $127 | $1,519 |
| Farmers | $148 | $1,770 |
| Nationwide | $171 | $2,056 |
| Progressive | $176 | $2,118 |
*State Farm is the cheapest insurer for young non-military-affiliated drivers. USAA is the most affordable option for military-affiliated drivers.
Cheapest Chevy Bolt Insurance for Seniors
State Farm offers the cheapest car insurance for seniors aged 55 and up at $45 monthly or $542 annually. See the full list of affordable Chevrolet Bolt insurers below:
| State Farm | $45 | $542 |
| USAA | $48 | $581 |
| GEICO | $50 | $606 |
| Travelers | $61 | $734 |
| Allstate | $68 | $817 |
| Progressive | $73 | $875 |
| Nationwide | $75 | $898 |
| Farmers | $77 | $918 |
Cheapest Chevy Bolt Insurance After an Accident
For Chevrolet Bolt drivers, State Farm, GEICO and Travelers offer the most affordable car insurance after an accident. See the complete list below.
| State Farm | $52 | $619 |
| USAA | $55 | $664 |
| GEICO | $67 | $803 |
| Travelers | $75 | $897 |
| Allstate | $78 | $931 |
| Progressive | $98 | $1,176 |
| Nationwide | $99 | $1,192 |
| Farmers | $112 | $1,350 |
Chevy Bolt Insurance Cost: Bottom Line
Make it a habit to compare rates from different providers to find the cheapest car insurance. This article covers Chevrolet Bolt insurance, breaking down costs by demographic groups and identifying the most affordable providers.
Chevy Bolt Insurance Rates: FAQ
Below are answers to common questions about Chevrolet Bolt insurance costs to help you understand what to expect and plan accordingly.
What company has the cheapest car insurance for a Chevrolet Bolt?
State Farm offers the cheapest car insurance for a Chevrolet Bolt, with an annual minimum coverage rate of $493.
What is the average cost of car insurance for a Chevrolet Bolt?
The average cost of car insurance for a Chevrolet Bolt is $606 annually for minimum coverage and $1,529 annually for full coverage.
Chevy Bolt Insurance Ratings: Our Review Methodology
MoneyGeek analyzed data and quotes for a Chevy Bolt from Quadrant Information Services.
Drivers and Cars
MoneyGeek used a sample driver profile with the following characteristics to calculate the average rates for insuring a Chevy Bolt:
- 40-year-old male
- Clean driving record
- 12,000 miles driven annually
We also modified the sample driver profile to determine Chevy Bolt insurance rates for different age groups, driving records and model years. MoneyGeek collected data for the following model years:
- 2012
- 2013
- 2014
- 2015
- 2016
- 2017
- 2018
- 2019
- 2020
- 2021
- 2022
If data on specific model years wasn't available, our data scientists estimated rates based on how insurers typically price car models each year. The published rates are estimates and may not reflect the rate you'll receive for your Chevy Bolt.
Coverage Levels
Each state differs in minimum coverage requirements, so our rates are a combination of minimum coverage policies in the states where we gathered our data.
MoneyGeek’s analysis also includes average rates for a full coverage policy that includes comprehensive and collision coverage (with a $1,000 deductible) and the following increased liability coverage limits:
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $100,000 property damage liability per accident
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.