How much are Chevrolet Volt insurance rates? [Compare Cheap Chevy Volt Insurance Quotes]

The average Chevy Volt car insurance rates are $142/month. With a price tag of $41,000, the Volt is more expensive to insure than other electric cars, but comparing Volt insurance quotes can help save you money. Good drivers can save as much as $2,622 a year over higher risk drivers. Compare Chevy Volt insurance rates online now!

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Zaneta Wood, Ed.S. has over 15 years of experience in research and technical writing bringing a keen understanding of data analysis and information synthesis to reach a wide variety of audiences. She studied adult education and instructional technology at Appalachian State...

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UPDATED: Jun 19, 2020

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Here's what you need to know...

  • Average full coverage Chevy Volt insurance costs around $1,700 a year or $142 each month
  • A liability-only policy costs around $682 a year or $57 each month
  • Highest rates are for teenage drivers at around $6,214 a year or $518 each month
  • Good drivers can save as much as $701 a year by earning policy discounts
  • Chevrolet Volt insurance costs around $181 more per year than the average vehicle
  • It’s impossible to predict exactly how much it will cost to ensure a Chevy Volt for YOUR personal situation because so many unique factors go into each individual’s premium (so compare quotes for exact rates)
  • The Volt is an expensive car to purchase, so you can count on the insurance costs being high as well
  • There are several more options for hybrid cars that may cost less to insure

Trying to find affordable Chevrolet Volt car insurance rates can seem like a chore, but it doesn’t have to be. How much are Chevy Volt insurance rates? Drivers pay an average of $1,700 a year, or around $142 a month for Chevrolet Volt rates. The Chevrolet Volt insurance rates you can find can be even better if you know what you’re looking for. And that’s exactly what this guide is designed for.

You can start comparing quotes for Chevrolet Volt car insurance rates from some of the best car insurance companies by using our free online tool now.

Chevrolet Volt Insurance Cost

The average Chevrolet Volt auto insurance costs are $1,700 a year or $142 a month.

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Are Chevrolet Volts Expensive to Insure?

The chart below details how Chevrolet Volt insurance rates compare to other hybrid/electrics like the Ford Fusion Energi, Toyota Prius, and Buick LaCrosse.

VehicleComprehensiveCollisionLiabilityTotal
Chevrolet Volt$370$774$398$1,700
Ford Fusion Energi$336$626$372$1,492
Toyota Prius$306$512$332$1,286
Buick LaCrosse$320$566$338$1,360
Ford C-Max Hybrid$282$566$398$1,404
Ford Fusion Hybrid$322$656$466$1,644
Lexus GS 450h$394$774$398$1,724

However, there are a few things you can do to find the cheapest Chevrolet insurance rates online.

What Impacts the Cost of Chevrolet Volt Insurance?

The Chevrolet Volt trim and model you choose can impact the total price you will pay for Chevrolet Volt insurance coverage.

Age of the Vehicle

Older Chevrolet Volt models generally cost less to insure. For example, car insurance rates for a 2018 Chevrolet Volt are $1,700, while 2011 Chevrolet Volt rates are $1,392, a difference of $308.

Model YearComprehensiveCollisionLiabilityTotal
2018 Chevrolet Volt$370$774$398$1,700
2017 Chevrolet Volt$356$756$416$1,686
2016 Chevrolet Volt$344$724$430$1,656
2015 Chevrolet Volt$326$698$442$1,624
2014 Chevrolet Volt$312$648$452$1,570
2013 Chevrolet Volt$300$610$456$1,524
2012 Chevrolet Volt$288$548$460$1,454
2011 Chevrolet Volt$270$504$460$1,392

Driver Age

Driver age can have a significant effect on the cost of Chevrolet Volt car insurance. For example, 30-year-old drivers pay approximately $75 more for their Chevrolet Volt car insurance than 40-year-old drivers.

Driver Location

Where you live can have a large impact on Chevrolet Volt insurance rates. For example, drivers in Phoenix may pay $935 a year less than drivers in Los Angeles.

Your Driving Record

Your driving record can have an impact on the cost of Chevrolet Volt auto insurance. Teens and drivers in their 20’s see the highest jump in their Chevrolet Volt car insurance with violations on their driving record.

Chevrolet Volt Safety Ratings

Your Chevrolet Volt auto insurance rates are influenced by the Chevrolet Volt’s safety ratings. See the breakdown below:

Test TypeRating
Small overlap front: driver-sideA
Small overlap front: passenger-sideN/R
Moderate overlap frontG
SideG
Roof strengthG
Head restraints and seatsG
Source: Insurance Institute for Highway Safety

Chevrolet Volt Crash Test Ratings

Chevrolet Volt crash test ratings can impact your Chevrolet Volt car insurance rates. See Chevrolet Volt crash test results below:

Vehicle TestedOverallFrontalSideRollover
2019 Chevrolet Volt 5 HB FWD5 stars5 stars5 stars5 stars
2018 Chevrolet Volt 5 HB FWD5 stars5 stars5 stars5 stars
2017 Chevrolet Volt 5 HB FWD5 stars5 stars5 stars5 stars
2016 Chevrolet Volt 4 DR FWDN/RN/RN/RN/R
1-5 Star Rating Scale, N/R = No Rating | Source: National Highway Traffic Safety Administration

Chevrolet Volt Safety Features

The numerous safety features of the Chevrolet Volt help contribute to lower insurance rates. The 2019 Chevrolet Volt has the following safety features:

  • Driver Air Bag
  • Passenger Air Bag
  • Front Head Air Bag
  • Rear Head Air Bag
  • Front Side Air Bag
  • Rear Side Air Bag
  • 4-Wheel ABS
  • 4-Wheel Disc Brakes
  • Brake Assist
  • Electronic Stability Control
  • Daytime Running Lights
  • Child Safety Locks
  • Front Tow Hooks
  • Traction Control
  • Blind Spot Monitor
  • Cross-Traffic Alert

Chevrolet Volt Insurance Loss Probability

The Chevrolet Volt’s insurance loss probability varies for each form of coverage. The lower percentage means lower Chevrolet Volt auto insurance rates; higher percentages mean higher Chevrolet Volt car insurance rates.

Insurance Coverage CategoryLoss Rate
Collision-11%
Property Damage-17%
Comprehensive-19%
Personal Injury-29%
Medical Payment-27%
Bodily Injury-10%
Source: Insurance Institute for Highway Safety

Chevrolet Volt Finance and Insurance Cost

If you are financing a Chevrolet Volt, you will pay more if you purchase Chevrolet Volt car insurance at the dealership, so be sure to shop around and compare Chevrolet Volt car insurance quotes from the best companies using our FREE tool below.

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Ways to Save on Chevrolet Volt Insurance

Save more on your Chevrolet Volt car insurance rates. Take a look at the following five strategies that will get you the best Chevrolet Volt auto insurance rates possible.

  • Improve Your Credit Score
  • Add a More Experienced Driver to Your Chevrolet Volt Policy
  • Ask Your Insurance Company About Chevrolet Volt Discounts
  • If You’re a Young Driver Living at Home, Add Yourself to Your Parents’ Plan
  • Understand the Different Types of Auto Insurance for Your Chevrolet Volt

Top Chevrolet Volt Insurance Companies

The best auto insurance companies for Chevrolet Volt car insurance rates will offer competitive rates, discounts, and account for the Chevrolet Volt’s safety features. The following list of car insurance companies outlines which companies hold the highest market share.

RankCompanyVolumeMarket Share
1State Farm$65,615,1909.3%
2GEICO$46,106,9716.6%
3Progressive$39,222,8795.6%
4Liberty Mutual$35,600,0515.1%
5Allstate$35,025,9035.0%
6Travelers$28,016,9664.0%
7USAA$23,483,0803.3%
8Chubb$23,388,3853.3%
9Farmers$20,643,5592.9%
10Nationwide$18,442,1452.6%
Source: Insurance Information Institute

Compare Free Chevrolet Volt Insurance Quotes Online

To start comparing Chevrolet Volt car insurance quotes for free, use our online car insurance comparison tool.

It is impossible to say how much the insurance will be for the Chevy Volt because there are so many factors that go into an individual’s car insurance premiums.

You’ll need to look at those, and talk to a few companies to best determine your rates.

These factors include:

  • Age of the driver
  • Value of the vehicle
  • Gender of the driver
  • Amount of the deductible
  • Insurance company
  • Driving history of the driver
  • Where the car will be driven
  • How much the car will be driven
  • The city, state and county the car will be in the most

While it is easy enough to determine what the national average monthly premium insuring a vehicle, it is virtually impossible to determine what it will be for you because of all the factors the insurance company considers when giving a car insurance quote.

Enter your ZIP code for FREE online car insurance quotes now!

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Can you explain more about how the Volt runs?

It’s safe to say that say that the Volt operates in a way similar to a standard diesel train locomotive.

It uses electricity to drive the vehicle and a small gasoline engine to recharge the depleted batteries while you drive.

This system has proven to be extremely cost efficient in the railroad industry where locomotives can pull incredibly large amounts of cargo while using very little fuel.

Chevy has simply adapted this principle for use in automobiles and has thus produced an equally efficient car. Yet, because of the car’s unique nature, it is expensive.  Expensive cars usually require more expensive insurance.

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Will the insurance for the Chevy Volt be higher than other cars?

One of the first things that you have to consider is the value of the Chevy Volt. The cost of the Volt is a whopping $41,000 to start.

There are a couple of upgrades that you will need to include if you want your Volt to be more efficient that will add nearly $10,000 to the overall cost. This means you will be insuring a $43,200 vehicle.

What this means it that insuring a Chevy Volt isn’t going to be cheap. What’s more, it is going to be downright expensive to insure this car.

Perhaps not thousands of dollars a month, but certainly in the $125 to $200 a month range depending on where you live.

This range is so big because all of the other factors mentioned above will have to be considered as well. If you are a bad or high-risk driver, for example, your rates will increase. If you choose a larger deductible then your rates will decrease.

Different insurance companies offer different kinds of discounts as well. That is why it is important to shop around for your car insurance before you choose a company. The rates can vary by several hundred dollars a year.

Will the tax credit for the Chevy Volt help to negate some of that insurance cost?

As you probably know, the government is giving you a tax credit of $7,500 if you purchase a hybrid or electric car. The problem with this tax credit is that it isn’t cash in your pocket. (And you still need to find electric car auto insurance).

Some of you will see a return based on this credit and some of you won’t, depending on your tax situation.

In addition, the Chevy Volt takes 12 hours to charge enough to drive for 50 miles unless you purchase the upgrade for your vehicle.

Most people use the tax credit offered by the federal government, plus any credits their state government provides, to pay for the necessary upgrade to get a 4 hour charge time instead of 12.

So, will the tax credit help you out? It’s possible, but unlikely, that this will make the difference that you want for your vehicle. As mentioned above, a tax credit isn’t cash; it’s $7,500 deducted from your income so that your taxable income is lowered.

If you get money back from the government each year, then this could be a big break for you if not then you probably won’t benefit the way you think.

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Are there more affordable hybrid or electric cars on the market to insure?

Yes, there are several other electric or hybrid cars for you to consider. The Toyota Prius has been on the market since 1997 and is a popular choice for people who want an ecologically friendly vehicle (find Toyota Prius auto insurance rates here).

Its price tag of $30,000 will help reduce your insurance costs. The Nissan Leaf is another option and for $32,000 this will also garner you lower interest rates.

There are several other choices for you to consider and there are some upcoming hybrid, crossover and electric vehicles that will make a big difference in this overall market that could help with insurance rates too.

The key is to shop around for the best car and the best insurance rates too.

Enter your ZIP code below today and get your FREE car insurance quotes today!

References:

  1. http://www.chevrolet.com/volt-electric-car.html
  2. http://www.iii.org/article/what-determines-price-my-auto-insurance-policy
  3. http://www.huffingtonpost.com/laura-adams/how-age-gender-and-marital-status-affect-your-car-insurance_b_6973360.html
  4. http://money.usnews.com/money/blogs/my-money/2010/11/01/how-to-get-car-insurancedespite-your-history
  5. http://www.cbsnews.com/news/car-insurance-the-10-most-and-least-costly-states/
  6. https://www.flickr.com/photos/rudisillart/6881614482/sizes/h//
  7. http://www.chevrolet.com/volt-electric-car/?seo=goo_|_2008_Chevy_Retention_|_IMG_Chevy_Volt_|_Chevy_Volt_|_chevy_volt&utm_source=Google&utm_medium=cpc&utm_campaign=Retention-Chevy-IMG_Chevy_Volt&utm_content=Search&utm_term=chevy_volt
  8. http://www.bankrate.com/finance/insurance/how-to-choose-insurance-deductible.aspx
  9. https://www.flickr.com/photos/toyota-europe/7487146148/sizes/h//

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