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Cheap Chevrolet Bolt EV Car Insurance in 2025 (Big Savings With These 10 Companies!)

Nationwide, Safeco, and Progressive are our top picks for economical and cheap Chevrolet Bolt EV car insurance, beginning at $55 per month. These insurers prioritize delivering value-driven and comprehensive coverage plans, aiming to provide clients with peace of mind and robust security for their needs.

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D. Gilson, PhD

Professor & Published Author

D. Gilson is a writer and author of essays, poetry, and scholarship that explore the relationship between popular culture, literature, sexuality, and memoir. His latest book is Jesus Freak, with Will Stockton, part of Bloomsbury’s 33 1/3 Series. His other books include I Will Say This Exactly One Time and Crush. His first chapbook, Catch & Release, won the 2012 Robin Becker Prize from S...

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Dani Best

Licensed Insurance Producer

Dani Best has been a licensed insurance producer for nearly 10 years. Dani began her insurance career in a sales role with State Farm in 2014. During her time in sales, she graduated with her Bachelors in Psychology from Capella University and is currently earning her Masters in Marriage and Family Therapy. Since 2014, Dani has held and maintains licenses in Life, Disability, Property, and Casualt...

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Dani Best

Updated October 2024

Cheapest for Chevrolet Bolt EV: Nationwide
4.0

Company Facts

Min. Coverage for Chevrolet Bolt EV

$55/mo

A.M. Best Rating

A+

Complaint Level

Low

Pros & Cons

  • Extensive range of insurance products and financial services
  • Longstanding reputation and a history dating back to 1925
  • Nationwide operates in all 50 states and the District of Columbia
  • Positive customer feedback on customer service, ease of use, and competitive rates
  • Multiple discounts available
  • Some customers have reported issues with billing, claims processing, or customer service
  • Individual experiences may vary, and not all customers may have positive feedback
2nd Cheapest for Bolt EV: Safeco
3.8

Company Facts

Min. Coverage for Chevrolet Bolt EV

$57/mo

A.M. Best Rating

A

Complaint Level

Low

Pros & Cons

  • Competitive rates
  • Customizable policies
  • Positive customer reviews for claims handling
  • User-friendly website and mobile app
  • Some negative customer experiences reported (minority)
  • Specific average annual rates not provided
  • Limited information on discounts available
  • Complaint level not disclosed in the article
3rd Cheapest for Bolt EV: Progressive
4.3

Company Facts

Min. Coverage for Chevrolet Bolt EV

$60/mo

A.M. Best Rating

A+

Complaint Level

Low

Pros & Cons

  • Competitive pricing
  • Easy online tools
  • Good customer service
  • Claims processing
  • Payment processing
  • Coverage options

Nationwide is widely recognized as a top choice for cheap Chevrolet Bolt EV car insurance offering competitive rates starting at only $55 per month for minimum coverage.

Cheap Chevrolet Bolt EV Car Insurance: Nationwide, Safeco, and Progressive

Collaborating with Safeco and Progressive, these insurers provide cost-effective and thorough auto insurance plans designed to prioritize customer satisfaction and ensure peace of mind regarding security.

Our Top 10 Company Picks: Cheap Chevrolet Bolt EV Car Insurance

CompanyRankMonthly RatesA.M. BestBest ForJump to Pros/Cons
Nationwide TablePress Logo#1$55AVanishing DeductibleNationwide
Safeco TablePress Logo#2$57A+Discount OptionsSafeco
Progressive Tablepress Logo#3$60A+Competitive RatesProgressive
American Family Tablepress Logo#4$62A+Loyalty RewardsAmerican Family
Auto-Owners TablePress Logo#5$64A++Customer SatisfactionAuto-Owners
Travelers Tablepress Logo#6$65A++Safe DriverTravelers
Farmers Tablepress Logo#7$68AUsage BasedFarmers
Chubb TablePress Logo#8$70A++High-Value VehiclesChubb
Liberty Mutual Table Press Logo#9$72AAccident ForgivenessLiberty Mutual
Allstate Tablepress Logo#10$75A+Bundling OptionsAllstate

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The Chevrolet Bolt EV is an innovative and eco-friendly electric vehicle that has gained popularity among car enthusiasts and environmentally conscious drivers. However, before purchasing this sleek and efficient car, it is crucial to consider the cost of car insurance. Enter your ZIP code now to begin.

The Rundown

  • State Farm provides liability coverage beginning at just $55 per month
  • Discover high-quality and affordable auto insurance options
  • Depend on advisors to select the most economical car insurance policy

#1 – Nationwide: Top Overall Pick

Nationwide: Cheap Chevrolet Bolt EV Car Insurance

Pros

  • Affordability: Competitive rates starting at $55 per month, making it one of the most economical options. Learn more through our Nationwide insurance review.
  • Customer Satisfaction: Nationwide is known for good customer service and a strong financial stability rating.
  • Coverage Options: Offers comprehensive coverage options suitable for various needs, including electric vehicles.

Cons

  • Availability: May not be available in all states or regions, limiting accessibility for some customers.
  • Discounts: While competitive in pricing, may have fewer discount options compared to other providers.

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#2 – Safeco: Best for Discount Options

Safeco: Cheap Chevrolet Bolt EV Car Insurance

Pros

  • Affordability: Offers competitive rates starting at $57 per month, making it a budget-friendly option.
  • Discount Opportunities: Provides various discounts, such as for safe driving and bundling policies, helping customers save further.
  • Claims Satisfaction: Known for efficient claims processing and good customer satisfaction in handling claims.

Cons

  • Coverage Limitations: Some policies may have limitations on coverage options compared to other providers.
  • Regional Availability: Availability may vary by region, potentially limiting access for some customers. Read more through our Safeco insurance review.

#3 – Progressive: Best for Competitive Rates

Progressive: Cheap Chevrolet Bolt EV Car Insurance

Pros

  • Competitive Rates: Offers competitive rates starting at $60 per month, appealing to cost-conscious consumers.
  • Technology: Provides advanced online tools and mobile app functionalities for managing policies and claims. Learn more through our Progressive insurance review.
  • Bundle Discounts: Offers significant savings through bundling options with other insurance products.

Cons

  • Customer Service: Mixed reviews regarding customer service experiences, with some customers reporting dissatisfaction.
  • Claims Process: Claims processing time and complexity might be higher compared to other insurers.

#4 – American Family: Best for Loyalty Rewards

American Family: Cheap Chevrolet Bolt EV Car Insurance

Pros

  • Coverage Customization: Offers customizable coverage options to tailor insurance policies to individual needs.
  • Customer Rewards: Provides loyalty rewards and incentives for long-term customers, enhancing customer retention.
  • Financial Stability: Known for strong financial stability, providing reassurance to policyholders.

Cons

  • Higher Premiums: Premiums start at $62 per month, slightly higher compared to some competitors. Read more through our American Family insurance review.
  • Service Area: Limited availability in certain states or regions, restricting access for potential customers.

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#5 – Auto-Owners: Best for Customer Satisfaction

Auto-Owners: Cheap Chevrolet Bolt EV Car Insurance

Pros

  • Customer Service: High customer satisfaction ratings for personalized service and claims handling.
  • Policy Options: Offers a wide range of policy options and customizable coverage to meet diverse needs.
  • Stability: Strong financial stability and reputation for reliability in the insurance industry. Learn more through our Auto-Owners insurance review.

Cons

  • Cost: Premiums start at $64 per month, which may be higher compared to more budget-friendly options.
  • Availability: Limited availability in some states or regions, potentially limiting options for certain customers.

#6 – Travelers: Best for Safe Driver

Travelers: Cheap Chevrolet Bolt EV Car Insurance

Pros

  • Competitive Rates: Offers competitive rates starting at $65 per month, appealing to budget-conscious consumers.
  • Coverage Options: Provides a wide range of coverage options, including specialized protections for electric vehicles.
  • Financial Strength: Strong financial stability and a good reputation in the insurance industry.

Cons

  • Customer Service: Some mixed reviews regarding customer service experiences, with occasional reports of delays in claims processing.
  • Discounts: While offers discounts, they may not be as extensive or widely available compared to other insurers. Learn more through our Travelers insurance review.

#7 – Farmers: Best for Usage Based

Farmers: Cheap Chevrolet Bolt EV Car Insurance

Pros

  • Coverage Variety: Offers a variety of coverage options, including options specific to electric vehicles like the Chevrolet Bolt EV. Read more through our Farmers insurance review.
  • Additional Features: Provides additional features such as roadside assistance and rental car reimbursement in comprehensive policies.
  • Claims Handling: Generally good reputation for efficient claims processing and customer support.

Cons

  • Cost: Premiums start at $68 per month, which may be higher compared to some competitors.
  • Availability: Availability and coverage options may vary by state, potentially limiting choices for some customers.

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#8 – Chubb: Best for High-Value Vehicles

Chubb: Cheap Chevrolet Bolt EV Car Insurance

Pros

  • High-Value Vehicles: Specializes in insuring high-value vehicles like the Chevrolet Bolt EV, offering tailored coverage options.
  • Coverage Options: Provides comprehensive coverage that includes specialized protections for luxury and electric vehicles.
  • Customer Support: Known for excellent customer service and personalized assistance. Read more through our Chubb insurance review.

Cons

  • Cost: Higher premium rates starting at $70 per month, making it one of the more expensive options on the list.
  • Availability: Limited availability and may not be accessible to all consumers, especially in certain regions or states.

#9 – Liberty Mutual: Best for Accident Forgiveness

Liberty Mutual: Cheap Chevrolet Bolt EV Car Insurance

Pros

  • Accident Forgiveness: Offers accident forgiveness programs, allowing policyholders to maintain rates after an accident. Follow us more through our Liberty Mutual insurance review.
  • Bundle Discounts: Provides significant savings through bundling home and auto insurance policies.
  • Digital Experience: User-friendly website and mobile app for managing policies and claims.

Cons

  • Cost: Premiums start at $72 per month, making it one of the more expensive options on the list.
  • Customer Satisfaction: Mixed reviews regarding customer service quality and claims handling efficiency.

#10 – Allstate: Best for Bundling Options

Allstate: Cheap Chevrolet Bolt EV Car Insurance

Pros

  • Bundling Options: Offers extensive bundling options with other insurance products, potentially reducing overall costs. Read more through our Allstate insurance review.
  • Coverage Features: Comprehensive coverage options with additional perks like roadside assistance and rental car reimbursement.
  • Brand Reputation: Well-known brand with a strong presence and good financial stability in the insurance market.

Cons

  • Higher Premiums: Premiums start at $75 per month, which may be less competitive for budget-conscious consumers.
  • Claims Experience: Some reports of delays in claims processing and customer service issues.

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Factors That Affect Chevrolet Bolt EV Car Insurance Rates

Insuring your Chevrolet Bolt EV involves considering various factors. As an electric vehicle, its advanced technology can impact insurance rates. Your age, driving history, location, and credit score are all factors insurers assess.

Choosing comprehensive coverage, which includes protections like theft and vandalism, may increase premiums compared to basic liability. Bundling with renters insurance could potentially offer discounts across both policies.

Understanding the Insurance Coverage Options for a Chevrolet Bolt EV

Understanding insurance options for your Chevrolet Bolt EV is crucial. Liability covers damage to others, while collision pays for your car’s repairs in accidents. Comprehensive protects from non-collision incidents like theft and natural disasters.

Chevrolet Bolt EV Car Insurance Monthly Rates by Coverage Level & Provider

Insurance CompanyMinimum CoverageFull Coverage
Allstate$75$145
American Family$62$130
Auto-Owners$64$130
Chubb$70$150
Farmers$68$135
Liberty Mutual$72$140
Nationwide$55$125
Progressive$60$130
Safeco$57$125
Travelers$65$135

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Medical payments cover injuries, and uninsured/underinsured motorist insurance handles accidents with insufficiently insured drivers. Bundling with modified life insurance can offer additional savings and comprehensive coverage across different needs. Enter your ZIP code now to start.

Comparing Car Insurance Quotes for a Chevrolet Bolt EV

When insuring your Chevrolet Bolt EV, it’s crucial to compare quotes from various providers to find the best rates and coverage options. Insurers use different methods to calculate premiums, so researching and using online tools to request quotes is essential.

Nationwide Site Screenshot: Cheap Chevrolet Bolt EV Car Insurance

Consider different car insurance coverage types, from basic liability to comprehensive plans that may include extras like roadside assistance or rental car reimbursement. Also, compare deductible amounts, as higher deductibles usually mean lower premiums. Finding the right balance ensures you get affordable and effective coverage tailored to your Chevrolet Bolt EV.

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The Average Cost of Car Insurance for a Chevrolet Bolt EV

Insuring a Chevrolet Bolt EV typically costs between $55 and $75 per month on average. This figure can vary based on factors such as the driver’s age, location, driving record, and the specific coverage options selected.

Affordable Chevrolet Bolt EV car insurance includes additional services beyond basic coverage.

Ty Stewart Licensed Insurance Agent

Additionally, insurance premiums for electric vehicles may differ among providers, so it’s beneficial to compare quotes from multiple insurers. Bundling with travel insurance can also offer potential discounts and comprehensive coverage across different needs, providing additional savings and peace of mind for Chevy Bolt EV owners. Enter your ZIP code now to begin.

Frequently Asked Questions

What factors affect the cost of insurance for a Chevrolet Bolt EV?

The cost of insurance for a Chevrolet Bolt EV can be influenced by various factors such as the driver’s age, location, driving history, coverage limits, deductible amount, and the insurance company’s policies.

Are electric cars generally more expensive to insure than gasoline-powered cars?

Electric cars like the Chevrolet Bolt EV can sometimes be more expensive to insure due to their higher overall value, specialized parts, and potentially higher repair costs. However, insurance rates can vary depending on other factors as well. Enter your ZIP code now to begin.

Does the cost of insurance for a Chevrolet Bolt EV vary by location?

Yes, the cost of insurance for a Chevrolet Bolt EV can vary by location. Insurance companies consider factors such as the rate of accidents, thefts, and the overall cost of living in the area when determining insurance rates. Exploring options listed in our Good2Go car insurance review can help find competitive rates tailored to electric vehicles like the Chevrolet Bolt EV.

Are there any discounts available to help reduce the insurance cost for a Chevrolet Bolt EV?

Yes, there may be discounts available to help reduce the insurance cost for a Chevrolet Bolt EV. Some insurance companies offer discounts for safety features, such as advanced driver assistance systems, anti-theft devices, or for being a low-mileage driver. It’s best to check with individual insurance providers to see what discounts they offer.

Can I compare insurance quotes for a Chevrolet Bolt EV from different companies?

Yes, it is highly recommended to compare insurance quotes from different companies when insuring a Chevrolet Bolt EV. Insurance rates can vary significantly between providers, so obtaining multiple quotes allows you to find the best coverage options at the most competitive price. Enter your ZIP code now to start.

What are the starting monthly insurance rates for a Chevrolet Bolt EV with Nationwide, Safeco, and Progressive?

Nationwide offers the lowest starting rate at $55 per month, followed by Safeco at $57 and Progressive at $60, catering to budget-conscious Chevrolet Bolt EV owners. Exploring options for the best car insurance discounts can further reduce premiums, ensuring affordable coverage tailored to your needs.

How does coverage for electric vehicles like the Chevrolet Bolt EV differ from traditional gasoline-powered cars?

Insurance for electric vehicles like the Chevrolet Bolt EV considers unique factors such as specialized parts, higher repair costs, and risks associated with battery technology and charging infrastructure.

What factors influence the cost of insurance for a Chevrolet Bolt EV, according to the article?

Insurance costs for a Chevrolet Bolt EV depend on factors like driver age, location, driving history, credit score, vehicle value, and selected coverage options (e.g., liability, comprehensive). Enter your ZIP code now to start.

Which insurance provider offers accident forgiveness programs for Chevrolet Bolt EV owners?

Liberty Mutual provides accident forgiveness programs for Chevrolet Bolt EV owners, allowing policyholders to maintain rates after an accident. Consider adding comprehensive coverage to your policy for enhanced protection against various risks.

How does bundling insurance policies potentially reduce costs for insuring a Chevrolet Bolt EV?

Bundling home and auto insurance policies with providers like Liberty Mutual and Allstate can lead to significant savings on premiums for Chevrolet Bolt EV owners, simplifying insurance management and enhancing cost efficiency.

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