Even though Chevrolet stopped making the Volt in 2019, by that time they had transformed the vehicle into an electric car that remains an affordable option for environmentally conscious drivers. But will saving money on fuel costs also save you money on your car insurance premium?
If you are looking for quotes on car insurance that meet your needs and budget, talk to an independent agent to find high-quality Chevrolet Volt insurance at an affordable rate.
What Kind of Insurance Do You Need for Your Chevy Volt?
Bodily injury liability: Bodily injury liability is designed to pay for injuries and lost wages for third-party drivers, passengers, and pedestrians involved in an accident where you're the at-fault driver. In most states, this is mandatory coverage.
Property damage liability: An at-fault accident that results in damage to someone's property will be covered by property damage liability insurance. This insurance is also required by most states.
Most mandated liability minimums will not be enough to cover you in the event of an accident, so you'll want to work with your independent agent to make sure you have an adequate amount of property damage liability.
Medical payments/Personal injury protection: Depending on where you live, you may be able to choose either medical payments insurance or personal injury protection. This type of insurance may pay for costs of physical recovery for you and your passengers if you are in an accident.
Uninsured motorist coverage: When you're in an accident, whoever is at fault is the responsible party for the claims. However, what happens if you are in an accident with an uninsured driver? You'll be left paying for the damages to your vehicle yourself. Uninsured and underinsured motorist coverage protects you from having to pay these expenses.
Collision: If your Chevy Volt is damaged from hitting another vehicle, structure, or object, then your collision insurance coverage will pay for repairs and even the replacement of your vehicle if necessary. The only time collision insurance is not recommended is if the value of the vehicle is not worth replacing it.
Comprehensive: There are a variety of incidents that can cause damage to your Chevy Volt. Vandalism, theft, and damage caused by a natural disaster, animal, or falling objects are covered under your comprehensive insurance coverage.
Glass coverage: Rock chips, cracks, and broken windshields are inconvenient and can be expensive to repair. Glass coverage is a low-cost addition you can add to your insurance package. If you have this coverage, your glass repair will be no cost.
Gap insurance: Sometimes you find yourself owing more on your car than it's worth. Usually, this happens if you buy or lease a vehicle brand new and have the unfortunate incident of getting in an accident immediately. Gap insurance will pay the outstanding loan amount if your car is deemed a total loss.
What Affects the Cost of Insurance for Your Chevy Volt?
Annual mileage: Insurance costs may increase if you drive more than 10,000 to 15,000 miles per year.
Your driving record: A violation-free record can reduce your insurance premium by hundreds of dollars.
The value of your vehicle: Since the Chevy Volt has not been produced in several years, the price of the vehicle is not exponentially high. This will help insurance premiums when shopping for car insurance as vehicle value is an important factor in car premium prices.
|Average cost of a Chevrolet Volt||Premium|
|2018||$16,075 - $18,925||$1,700|
|2017||$13,875 - $17,075||$1,686|
|2016||$12,625 - $15,225||$1,656|
Average Chevy Volt Insurance Costs
The average 40-year-old Chevy Volt driver pays $1,712 each year for full coverage auto insurance, including comprehensive and collision coverage.
If you're only interested in liability insurance you'll pay $452. However, young drivers and high-risk drivers will pay immensely more.
|Average cost to insure Chevy Volt||$1,712|
The Safety of Your Chevy Volt
Insurance rates are greatly impacted by the safety of your Chevy Volt. The National Highway Traffic Safety Administration (NHTSA) gave the 2019 Chevy Volt an overall five-star safety rating in addition to five stars in the following categories.
- NHTSA overall frontal-crash
- NHTSA overall side-crash
- NHTSA side pole-crash
- NHTSA rollover
The Insurance Institute for Highway Safety (IIHS) gave the Chevy Volt the highest rank in all of its crash tests including overlap, side, rear, and roof tests.
How Location Affects Your Chevy Volt Insurance
Drivers in large cities may pay much higher insurance rates than those who live in smaller towns. Your location has a big effect on your car insurance premiums, so it's important to get a personalized quote from your agent.
Chevy Volt insurance average rates:
40-year-old driver | Full coverage | $500 deductible
|Los Angeles, CA:||Philadelphia, PA:||Seattle, WA:|
Average Cost to Insure a Chevy Volt
|Top three most expensive states for Chevy Volt insurance:|
|Michigan, Louisiana, Kentucky||$2,500|
|Top three most affordable states for Chevy Volt insurance:|
|North Carolina, Virginia, Maine||$1,000|
Top Independent Insurance Carriers That Insure the Chevy Volt
According to a recent US Independent Insurance Agent Satisfaction Study by J.D. Power, the following companies provide excellent service to their insurance customers:
Where to Find Car Insurance for Chevy Volt
Environmentally conscious drivers will find a lot to like about the Chevy Volt. The vehicle is a top safety pick and offers a variety of options and amenities to suit nearly any driver. But if you purchase a Volt, be prepared to pay a little more for your car insurance.
An independent agent can help you find high-quality Chevy Volt insurance that fits your needs and budget. An independent agent in your area can obtain quotes from multiple insurance companies and can help you compare rates and coverage so you can be sure you are making the right choice.
Find a local independent agent today to make sure you get the coverage you need.