Insurance rates for Bolt? - Chevy Bolt EV Forum
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post #1 of 10 (permalink) Old 01-08-2017, 12:33 AM Thread Starter
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Insurance rates for Bolt?

I wonder if anyone can provide information on insurance rates for the Bolt. Are they typically higher/lower than for a standard car of the same value? Are there insurers offering discounts for EVs?
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post #2 of 10 (permalink) Old 01-08-2017, 04:20 AM
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I'm sure that your insurance company can easily provide the information.
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post #3 of 10 (permalink) Old 01-08-2017, 08:50 AM
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post #4 of 10 (permalink) Old 01-08-2017, 09:17 AM
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My agent said they are higher on ev and hybrid cars. My premium is 116 per month. I'm sure deductible and other things factor in too.
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post #5 of 10 (permalink) Old 01-08-2017, 10:01 PM
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Yes, higher for sure. High cost, aluminum body panels, expensive batteries, commuter vehicle. Overall cost of ownership will likely balance out with lower cost per mile of operation factors.
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post #6 of 10 (permalink) Old 01-08-2017, 10:27 PM
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A few months ago when I switched from my old 2009 Infiniti FX 50S to a 2013 Volt my insurance went down about by about 3 dollars a month. I called GEICO to complain that given the comparative value and horsepower differences of the cars my insurance should have dropped by more than $3. The first agent I spoke to said Volts are expensive to insure because they are part electric. I didn't buy that. I called around and got much better quotes from other providers. I called GEICO back and gave them those figures. The agent said that the other companies must have been running their quotes using some new method based on credit score and that she'd run GEICO's version for me. My insurance dropped by over $70 dollars a month for the exact same coverage. So maybe insurance on a Volt and other electric cars is higher, but it is certainly may be worth calling your company to make sure that they've applied every applicable discount and used every calculation method to make sure that you are getting the best rate that you can.
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post #7 of 10 (permalink) Old 01-08-2017, 10:45 PM Thread Starter
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Great advice! Thank you.
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post #8 of 10 (permalink) Old 01-10-2017, 08:42 AM
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Best to call your company and see if they can apply any additional discounts to your policy. I'm with Allstate and they give me discounts for winter tires, taking a safety program, new vehicle discount, etc.
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post #9 of 10 (permalink) Old 01-12-2017, 10:44 PM
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My rate was about $700/year in OR
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post #10 of 10 (permalink) Old 01-13-2017, 08:55 AM
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My rate is $854 per year in CA
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