Best Chevrolet Volt Car Insurance in 2024
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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Jeffrey Manola
Licensed Insurance Agent
Jeffrey Manola is an experienced insurance agent who founded TopQuoteLifeInsurance.com and NoMedicalExamQuotes.com. His mission when creating these sites was to provide online consumers searching for insurance with the most affordable rates available. Not only does he strive to provide consumers with the best prices for insurance coverage, but he also wants those on the market for insurance to ...
Licensed Insurance Agent
UPDATED: Jul 29, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.
Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Jul 29, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.
Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- 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.
| Vehicle | Comprehensive | Collision | Liability | Total |
| 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.
Read More: Compare Ford vs. Chevrolet Car Insurance Rates
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 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 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 Type | Rating |
| Small overlap front: driver-side | A |
|---|---|
| Small overlap front: passenger-side | N/R |
| Moderate overlap front | G |
| Side | G |
| Roof strength | G |
| Head restraints and seats | G |
| 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 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 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 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, 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.
| 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
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.
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.
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Frequently Asked Questions
How much does car insurance for a Chevrolet Volt cost?
The cost of car insurance for a Chevrolet Volt can vary based on several factors, including your location, driving history, age, coverage options, and the insurance provider you choose. Other factors that may influence the cost include the model year of the Chevrolet Volt, its safety features, and the average cost of repairs or replacement. To get an accurate estimate, it’s advisable to request quotes from multiple insurance companies.
What are the typical coverage options for Chevrolet Volt Car Insurance?
Typical coverage options for Chevrolet Volt car insurance include liability coverage (required in most states), collision coverage, comprehensive coverage, uninsured/underinsured motorist coverage, and personal injury protection. The coverage options you select will depend on your specific needs and budget.
Are there any discounts available for insuring a Chevrolet Volt?
Many insurance providers offer discounts that can help lower the cost of insuring a Chevrolet Volt. Some common discounts include multi-policy discounts (insuring multiple vehicles or bundling with other types of insurance), good driver discounts, safety feature discounts (if your Chevrolet Volt has anti-theft devices or advanced safety features), and discounts for completing defensive driving courses. It’s worth inquiring with insurance companies about the specific discounts they offer.
What factors can affect the cost of Chevrolet Volt Car Insurance?
Several factors can influence the cost of Chevrolet Volt car insurance, including your driving record, age, location, credit history, annual mileage, and the coverage options you choose. Other factors that may impact insurance rates include the crime rate and accident statistics in your area, the cost of repairs for the Chevrolet Volt, and the likelihood of theft. Provide accurate information to insurance providers to ensure an accurate quote.
Are there any specialized insurance considerations for insuring a Chevrolet Volt?
Insuring a Chevrolet Volt typically does not have any specific specialized insurance considerations. However, it’s important to check with insurance providers for any vehicle-specific requirements or recommendations. Additionally, if you have made any modifications or enhancements to your Chevrolet Volt, you may need to inform your insurance company to ensure proper coverage.
Free Car Insurance Comparison
Enter your ZIP code below to view companies that have cheap car insurance rates.
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Jeffrey Manola
Licensed Insurance Agent
Jeffrey Manola is an experienced insurance agent who founded TopQuoteLifeInsurance.com and NoMedicalExamQuotes.com. His mission when creating these sites was to provide online consumers searching for insurance with the most affordable rates available. Not only does he strive to provide consumers with the best prices for insurance coverage, but he also wants those on the market for insurance to ...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.