Insuring a Chevrolet Volt: What to Know in 2025

• Chevy Volt insurance cost averages $2,056 per year (about $171 per month) for a full coverage policy.
• The cheapest Chevrolet Volt insurance is on the LT Hatchback trim level at an estimated $2,028 per year.
• The Volt Premier Hatchback is the most expensive to insure at $2,086 per year.
• The Chevrolet Volt is one of the more expensive small cars to insure, costing $197 more per year on average as compared to the rest of the vehicles in the segment.

How much does Chevy Volt insurance cost?

Average car insurance cost for a Chevy Volt is $2,056 per year, which is about $171 a month. The average compact car costs $1,859 a year to insure, so expect to pay around $197 more per year to insure a Volt when compared to the segment average.

When broken down by individual policy coverages, comprehensive is approximately $446 a year, collision insurance is approximately $808, and the remaining liability and medical payments insurance is approximately $802.

The chart below illustrates how average Volt insurance rates change based on driver age and different policy deductibles.

The next table shows average Chevy Volt car insurance rates for the 2013 to 2019 model years. Insurance prices range from $1,744 for the 2013 model year to the most expensive rate of $2,056 for a 2019 Chevy Volt.

Additional rate scenarios and policy discounts are listed below.

• Research discounts to save money. Discounts may be available if the policyholders drive a vehicle with safety or anti-theft features, insure multiple vehicles on the same policy, drive low annual mileage, belong to certain professional organizations, sign their policy early, or many other discounts which could save the average driver as much as $354 per year on Chevrolet Volt insurance.
• Volt insurance rates for teens are expensive. Average rates for full coverage Volt insurance costs $7,555 per year for a 16-year-old driver, $7,257 per year for a 17-year-old driver, and $6,388 per year for an 18-year-old driver.
• Being a safe driver saves money. Having frequent accidents may increase rates, potentially as much as $1,012 per year for a 30-year-old driver and even $544 per year for a 60-year-old driver.
• Improve your credit rating to save on insurance. Maintaining a good credit rating over 800 could save around $323 per year versus a credit score ranging from 670-739. Conversely, a credit score below 579 could cost around $374 more per year.
• Car insurance is cheaper with higher deductibles. Raising your policy deductibles from $500 to $1,000 could save around $286 per year for a 40-year-old driver and $554 per year for a 20-year-old driver.
• Low physical damage deductibles increases cost. Lowering the comprehensive and collision deductibles from $500 to $250 could cost an additional $296 per year for a 40-year-old driver and $586 per year for a 20-year-old driver.
• Older drivers pay less than younger drivers. The difference in insurance rates for a 2019 Chevy Volt between a 60-year-old driver ($1,716 per year) and a 20-year-old driver ($4,158 per year) is $2,442, or a savings of 83.1%.

How much do different Volt models cost to insure?

Chevy Volt insurance cost ranges from $2,028 to $2,086 per year for an average driver. The cheapest model to insure is the LT Hatchback and the higher cost model is the Premier Hatchback trim.

The next table displays the average yearly and 6-month car insurance costs, including a monthly budget figure, for each Chevrolet Volt trim level.

How do Chevy Volt car insurance rates compare?

When compared to other compact cars, insurance for a Chevrolet Volt costs $244 more per year than the Honda Civic, $504 more than the Toyota Corolla, $214 more than the Nissan Sentra, and $40 less than the Hyundai Elantra.

The Volt ranks 28^th out of 33 total vehicles in the small car class. It costs an estimated $2,056 per year to insure for full coverage and the category average cost is $1,859 annually, a difference of $197 per year.

The table below shows how insurance rates for a 2019 Chevy Volt fare against the entire class of compact cars. The difference column shows how much more or less the insurance cost is for each model when compared to the Volt.