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How Much are Chevrolet Volt Insurance Rates?

Average Chevrolet Volt insurance rates cost $142 per month ($1,700 per year). On average, comprehensive coverage costs $414, collision coverage costs $604, and liability coverage costs $480 for Chevrolet Volt insurance. Good drivers can save as much as $701 a year by earning discounts.

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Eric Stauffer is a former insurance agent and banker turned consumer advocate. His priority is to help educate individuals and families about the different types of insurance they need, and assist them in finding the best...

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UPDATED: Jul 18, 2020

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Key takeaways:

  • Full coverage 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

Chevrolet Volt insurance costs are around $181 more annually than the average vehicle with full coverage costing around $1,700 a year or $142 a month. The highest rates are for teens who will pay around $6,214 a year or $518 a month.

Good drivers can save up to $701 in policy discounts by remaining safe and courteous. Let’s take a closer look at Chevrolet Volt insurance rates, crash test ratings, and more.

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 car 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 Toyota Prius, Ford Fusion Hybrid, and Buick LaCrosse.

Vehicle Comprehensive Collision Liability Total
Chevrolet Volt $370 $774 $398 $1,700
Toyota Prius $306 $512 $332 $1,286
Ford Fusion Hybrid $322 $656 $466 $1,644
Buick LaCrosse $320 $566 $338 $1,360
Chrysler Pacifica Hybrid $370 $656 $338 $1,500
Lexus GS 450h $394 $774 $398 $1,724
Honda Accord Hybrid $362 $718 $316 $1,532

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

The average Chevrolet Volt car insurance rates are higher for newer models. For example, car insurance for a 2018 Chevrolet Volt costs $1,700, while 2011 Chevrolet Volt insurance costs are $1,392, a difference of $308.

Model Year Comprehensive Collision Liability Total
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 impact on Chevrolet Volt auto insurance rates. For example, 20-year-old drivers pay approximately $2,079 more each year for their Chevrolet Volt auto insurance than 30-year-old drivers.

Driver Location

Where you live can have a large impact on Chevrolet Volt insurance rates. For example, drivers in Los Angeles may pay $1,462 a year more than drivers in Indianapolis.

Your Driving Record

Your driving record can have an impact on your Chevrolet Volt car insurance rates. 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 tied to the Chevrolet Volt’s safety ratings. See the breakdown below:

Test Type Rating
Small overlap front: driver-side Acceptable
Small overlap front: passenger-side Not Tested
Moderate overlap front Good
Side Good
Roof strength Good
Head restraints and seats Good
Source: Insurance Institute for Highway Safety

Chevrolet Volt Crash Test Ratings

Not only do good Chevrolet Volt crash test ratings mean you are better protected in a crash, but good Chevrolet Volt crash ratings also mean cheaper insurance rates.

Vehicle Tested Overall Frontal Side Rollover
2019 Chevrolet Volt 5 HB FWD 5 stars 5 stars 5 stars 5 stars
2018 Chevrolet Volt 5 HB FWD 5 stars 5 stars 5 stars 5 stars
2017 Chevrolet Volt 5 HB FWD 5 stars 5 stars 5 stars 5 stars
2016 Chevrolet Volt 4 DR FWD N/R N/R N/R N/R
1-5 Star Rating Scale, N/R = No Rating | Source: National Highway Traffic Safety Administration

Chevrolet Volt Safety Features

The Chevrolet Volt safety features can help lower insurance costs. According to AutoBlog, the 2020 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 lower percentage means lower Chevrolet Volt car insurance rates; higher percentages mean higher Chevrolet Volt auto insurance rates. Insurance loss probability on the Chevrolet Volt fluctuates between each type of coverage.

Insurance Coverage Category Loss 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, most lenders will require your carry higher Chevrolet Volt coverage options including comprehensive coverage, so be sure to shop around and compare Chevrolet Volt auto insurance rates from the best companies using our FREE tool below.

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Ways to Save on Chevrolet Volt Insurance

There are many ways that you can save on Chevrolet Volt car insurance. Below are five actions you can take to find cheap Chevrolet Volt auto insurance rates.

  • Be Picky About Who Drives Your Chevrolet Volt
  • Take Public Transit Instead of Driving Your Chevrolet Volt
  • Work with a Direct Insurer Instead of an Insurance Broker for Your Chevrolet Volt
  • Ask About Chevrolet Volt Discounts If You Were Listed on Someone Else’s Policy
  • Re-Check Chevrolet Volt Quotes Every 6 Months

Top Chevrolet Volt Insurance Companies

Who is the top car insurance company for Chevrolet Volt insurance rates? While the actual rates you pay will depend on many factors, here are some of the top companies offering Chevrolet Volt auto insurance coverage (ordered by market share). Many of these companies offer discounts for security systems and other safety features that the Chevrolet Volt offers.

Rank Company Volume Market Share
1 State Farm $65,615,190 9.3%
2 GEICO $46,106,971 6.6%
3 Progressive $39,222,879 5.6%
4 Liberty Mutual $35,600,051 5.1%
5 Allstate $35,025,903 5.0%
6 Travelers $28,016,966 4.0%
7 USAA $23,483,080 3.3%
8 Chubb $23,388,385 3.3%
9 Farmers $20,643,559 2.9%
10 Nationwide $18,442,145 2.6%
Source: Insurance Information Institute

Compare Free Chevrolet Volt Insurance Quotes Online

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.

About Eric Stauffer

Author: Eric StaufferI am a former insurance agent and banker turned consumer advocate. My priority is to help educate individuals and families about the different types of insurance they need, and assist them in finding the best place to get it.

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