Chevrolet Volt Car Insurance: How Much Should You Expect to Pay?

Quick Facts

• A Chevrolet Volt is less expensive to insure than the average car.

• Liability car insurance for a Volt comes in at around $56 monthly, while full coverage normally runs about $152.

• Hugo offers the most affordable average rates for a Volt with liability only coverage offered for as little as $36 a month.

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Volt Overview

The Chevrolet Volt is a great car for drivers on a budget, with 2019 models starting at $33,520. There's a Volt for every driver, with two different trim options available.

We sifted through thousands of auto insurance quotes on Compare.com, and we've found that Chevrolet Volt insurance rates average out to around $137 monthly. But how does that fare against its competitors?

How Much is Car Insurance for a Chevrolet Volt?

You'll see in the table above that when you compare the Chevrolet Volt to other vehicles, insurance prices are below average. On average, Volt drivers will pay about $152 a month for full coverage, which has comprehensive and collision coverages in addition to liability, and about $56 per month for liability only insurance (our guide, "State Minimum vs. Full Coverage", can provide more details on these different types of insurance).

Compared to other models, the Volt is slightly more affordable, with premiums around 8% lower than Chevrolet's other vehicle offerings. Likewise, compared to other vehicles of a similar body style, Volt coverage is lower than average, with both full coverage and liability only insurance averaging less expensive rates than other cars.

Impressively, they're overall more affordable to insure than the average vehicle, regardless of body style, make, or model.

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Who has the Cheapest Car Insurance for a Chevrolet Volt?

Browsing for an auto insurance policy for your Chevrolet Volt? You might want to know which carrier offers the cheapest premiums. While there will never be one company that offers the cheapest prices for everyone, the lowest average rates for liability only insurance are sometimes as low as $32 monthly from Aspire. The runner up for most affordable rates is Ohio Mutual, with auto insurance policies starting as cheap as just $33 per month.

Rounding out the list are MetroMile, Mile Auto, and Hugo. But just because these five companies offer the cheapest average rates doesn't necessarily mean they'll give you the best rates for your Chevrolet Volt.

Insurance carriers take a multitude of different factors into consideration when calculating how much to charge you. By reviewing quotes from an array of car insurance companies at once, you can be confident you're finding the cheapest rate.

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What Factors Affect Car Insurance Rates for a Chevrolet Volt?

There are many variables that insurance carriers use to calculate how much to charge you for a policy -- and every carrier weighs different factors more heavily than others, so there's not a singular company that's the lowest for everyone.

The sections below show numerous things car insurance companies use to calculate rates:

Vehicle Age

The Chevrolet Volt has been around for a while -- that means vehicle age can make a difference in what you end up paying for insurance. Generally, it costs less to insure older cars because they're worth less than newer models, and as time goes on and Volts begin to depreciate, insurance costs will gradually get lower.

Based on the information in the table above, the Chevrolet Volt does not follow this trend, as the cheapest models to insure are those that are 4 to 5 and 6 to 7 years old, while the most expensive models are 8 to 10 years old, on average.

Your Age

Your age is another variable that plays a significant role in how much you pay for auto insurance. Based on the information in the table above, drivers who have more experience pay less for car insurance than younger drivers. Chevrolet Volt drivers who are 18 to 24 actually pay $25 more than those 25 or older.

Auto insurance prices continue to decrease as you get older, with the cheapest age group for Volt drivers being 55-64.

Your Gender

Because women are less likely to get speeding tickets and get into accidents, they run a lower risk of filing a claim with insurance. So, women tend to pay less for auto insurance than men. Surprisingly, when it comes to Volt drivers specifically, men pay about 7% less than women per month for insurance.

Where You Live

You may already know that factors such as what vehicle you drive and how old you are play a role in your car insurance rates, but did you know that where you live has just as much of an impact? Car insurance is regulated on the state level and not nationally, so premiums fluctuate quite a bit from state to state.

For example, the average Chevrolet Volt owner from New York pays around $98 a month for liability coverage, while the same driver in California will pay less than 50% of that price, on average. The chart above shows average prices for the 10 largest states by population, just to give you a good idea of how much premiums can change depending on where you live.

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Chevrolet Volt Car Insurance Discounts

Whatever your home state, your age, or your car, it's always a good idea to take advantage of as many insurance discounts as possible when shopping around for a policy.

While no two auto insurance carriers offer the same exact discounts, there are a few different ones that you'll find with most companies. These include discounts like:

• Vehicle safety discounts for having a vehicle with higher safety ratings or one with certain safety features (like anti-lock brakes or air bags)
• Defensive driving discounts for taking a defensive driving class through a certified school or institution
• Multi-policy discounts for getting both your home and auto policies from the same carrier
• Pay-in-full discounts for drivers who agree to pay their entire policy premium at once, rather than in monthly installments

These are just a few of the discounts insurance carriers offer, and sometimes, it's actually your insurance profile and driving record that get you the best rates.

Although you can't control every single aspect of your auto insurance profile (like some of the attributes we mentioned above), there is quite a bit that you can control. Below are just a few of the ones you can use in your favor when it comes to saving cash:

Your Driving Record

You've most likely noticed ads from car insurance companies posting hefty discounts for safe drivers. It checks out that your insurance prices will increase if you get tickets for speeding or get into a collision. But you're probably wondering exactly how much these infractions will cost you.

According to the table above, accidents will usually cost Volt drivers less than tickets, but both will result in higher than normal rates. Chevrolet Volt drivers with one ticket will pay about $68 per month, while drivers with a single accident on their record pay an average of $67 a month (up $11 from the $56/mo. overall average). The rates only go up the more accidents you have or tickets you get.

How Much You Drive

The total distance you drive impacts your car insurance rates. Those who drive less have fewer opportunities to get into an accident, so they'll usually end up paying less for auto insurance. Above, you can see that Chevrolet Volt owners who drive fewer than 2,500 miles every year pay about $54 monthly for car insurance, while those who put 10,000 miles or more on their cars pay $58.

If you drive a limited amount, you might consider getting a usage-based or pay-per-mile insurance policy. With these kinds of coverage, you pay a small base rate each month, with your final monthly bill being calculated based on how many miles you drove.

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How Do Chevrolet Volts Compare to Other Vehicles?

If you're considering purchasing a new vehicle and a Chevrolet Volt is on your shortlist, you might want to know how it compares to other vehicles. Insurance is just one cost that's associated with a new car purchase, but it's definitely one that's worth thinking about carefully.

Check out the table below to see how the Chevrolet Volt stacks up:

As you can see, a Chevrolet Volt is a great value when it comes to overall price tag. The Volt retails at $33,520, which is quite a bit lower than the national average vehicle price of $46,099.

Similarly, auto insurance premiums run below average when compared to other vehicles on the market. Full coverage insurance for a Chevrolet Volt is about $26 a month cheaper than average, while liability only coverage is over $30 less a month.

However, it is worth noting that the Volt owners tend to drive their cars less than the average American driver, with only 10,418 annual miles for the average owner.

Chevrolet Volt Car Insurance Costs by Model Year

Thus far, you've seen how different things affect how much you might pay for insurance. If you're considering purchasing a new Volt, having a good idea of exactly what you'll pay can be extremely helpful as you weigh your options and compare it to other vehicles on your shortlist.

For this reason, we've crunched the numbers and broken down Chevrolet Volt auto insurance rates by model year. Simply choose a specific Volt model year in the dropdown below and see average rates for both full coverage and liability only insurance. We've also included some other helpful info that might help you make a decision, like which trim levels are offered, the base MSRP, and who offers the cheapest policies for each year the Volt has been around.

Choose Your Model

2019 Chevrolet Volt Car Insurance 2018 Chevrolet Volt Car Insurance 2017 Chevrolet Volt Car Insurance 2016 Chevrolet Volt Car Insurance 2015 Chevrolet Volt Car Insurance 2014 Chevrolet Volt Car Insurance 2013 Chevrolet Volt Car Insurance 2012 Chevrolet Volt Car Insurance 2011 Chevrolet Volt Car Insurance

2019 Chevrolet Volt Car Insurance

You can expect full coverage for a 2019 Volt to run around $143 monthly, while liability only coverage will average about $45 a month.

If you're looking for the cheapest possible 2019 Chevrolet Volt insurance policy, MetroMile offered the lowest policy we found, with rates as little as just $27 per month.

Want to know just how much you'll pay? Enter your ZIP code below to get lots of free customized quotes.

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2018 Chevrolet Volt Car Insurance

2018 Chevrolet Volt drivers can expect to pay an average of $58 monthly for liability or $163 for full coverage.

Mercury offered the most affordable policy we found, with rates sometimes as cheap as $19 per month.

If you want to know just how much your rate will be, just enter your ZIP code below and get free quotes in minutes.

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2017 Chevrolet Volt Car Insurance

On average, drivers who own a 2017 Volt can expect to pay $60 to $161 a month for liability only and full coverage car insurance, respectively.

Mile Auto has prices as low as $16 monthly for the 2017 Chevrolet Volt.

These average premiums are a great starting point if you're in the market for a 2017 Chevrolet Volt, but there are many different variables that go into calculating your policy rates. If you want to figure out exactly what you'll be asked to pay, get customized quotes by entering your ZIP below.

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2016 Chevrolet Volt Car Insurance

The average cost to insure a 2016 Chevrolet Volt with liability only coverage is $53 per month, while full coverage runs around $153 a month.

With prices as low as just $21 per month, MetLife offered the cheapest policy we found.

Want to figure out exactly what you'll be asked to pay? Just enter your ZIP code below to get a variety of free personalized quotes.

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2015 Chevrolet Volt Car Insurance

It costs about $51 a month for liability or $138 for a full coverage policy for the 2015 Volt.

With rates sometimes as little as $20 monthly, MetLife offered the lowest policy we found for the 2015 Chevrolet Volt.

If you want to find the best prices for insurance for a 2015 Chevrolet Volt, enter your ZIP code below and compare several personalized quotes in just a few minutes.

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2014 Chevrolet Volt Car Insurance

On average, drivers who own a 2014 Chevrolet Volt can expect to pay $55 to $146 per month for liability only and full coverage car insurance, respectively.

Looking for the most affordable policy? MetLife offered liability only coverage for as cheap as $17 a month.

If you want to know just how much your price will be, get free quotes in minutes by just entering your ZIP code below.

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2013 Chevrolet Volt Car Insurance

The average cost to insure a 2013 Volt with liability only coverage is $56 monthly, while full coverage runs around $152 a month.

We found MetLife offered the lowest policy, with rates as cheap as just $17 per month.

If you want to know exactly how much you can expect to pay for your Volt, just enter your ZIP code below and get several free quotes in minutes.

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2012 Chevrolet Volt Car Insurance

It costs about $63 monthly for liability or $151 for a full coverage policy for the 2012 Chevrolet Volt.

With rates sometimes as little as $20 per month, Aspire offered the cheapest policy we found.

Want something more accurate than national averages? Get several personalized quotes for free by just entering your ZIP code below.

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2011 Chevrolet Volt Car Insurance

2011 Volt drivers can expect to pay an average of $47 monthly for liability or $127 for full coverage.

With premiums as low as just $21 a month, Shelter Mutual offered the most affordable policy we found for the 2011 Chevrolet Volt.

If you want more accurate quotes of how much you can expect to pay, just enter your ZIP code below and get free quotes in minutes.

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Chevrolet Volt Insurance FAQs

Is a Chevrolet Volt expensive to insure?

Liability insurance runs an average of $56 per month, while full coverage will cost you around $152. When compared to the national average of all cars, prices come in on the cheaper end of the spectrum.

How can I get the best price on car insurance for my Chevrolet Volt?

The only way to make sure you're getting the cheapest price on auto insurance is to regularly shop around and compare quotes from a range of carriers. It's recommended to review quotes every 6 months or so. Luckily, sites like Compare.com let you compare premiums from a wide array of companies at once, meaning you can find the most affordable rates (or guarantee you already have the best deal) for free.

Does the color of my Chevrolet Volt affect my insurance rates?

Have you heard that it is more expensive to insure red cars that silver or white vehicles before? Well, that's simply not true. There are a variety of factors insurance carriers consider when they offer you a premium, but your car's color isn't one of them.

Do I need to have insurance before I buy a Chevrolet Volt?

You'll need to have valid car insurance for your vehicle before you can legally drive your it off the dealership lot. Some dealerships might offer you an auto insurance policy as part of the car-buying process, but it's best to let your auto insurance company know before you buy.

What car insurance discounts can I get for my Chevrolet Volt?

You will find a bunch of different discounts out there for car insurance. Many of them (like "safe driver discounts" and "multi-vehicle discounts") are based less on your Volt and more on you, but if your Volt has safety features like anti-theft systems, anti-lock brakes, airbags, and other features, it may be eligible for certain discounts. To find out which discounts you may receive, talk with your insurance agent and ask about their discounts.