Insuring a Chevrolet Volt: What to Know in 2025

• Chevy Volt insurance cost averages $2,106 per year (about $176 per month) for a full coverage policy.
• The cheapest Chevrolet Volt insurance is on the LT Hatchback trim level at an estimated $2,076 per year.
• The Volt Premier Hatchback is the most expensive to insure at $2,138 per year.
• The Chevrolet Volt is one of the more expensive small cars to insure, costing $202 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 $2,106 per year, which is about $176 a month. The average compact car costs $1,904 a year to insure, so expect to pay around $202 more per year to insure a Volt when compared to the segment average.

When broken down by individual policy coverages, comprehensive is approximately $456 a year, collision insurance is approximately $828, and the remaining liability and medical payments insurance is approximately $822.

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 $1,784 for the 2013 model year to the most expensive rate of $2,106 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 $360 per year on Chevrolet Volt insurance.
• Volt insurance rates for teens are expensive. Average rates for full coverage Volt insurance costs $7,741 per year for a 16-year-old driver, $7,437 per year for a 17-year-old driver, and $6,547 per year for an 18-year-old driver.
• Being a safe driver saves money. Having frequent accidents may increase rates, potentially as much as $1,036 per year for a 30-year-old driver and even $558 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 $331 per year versus a credit score ranging from 670-739. Conversely, a credit score below 579 could cost around $383 more per year.
• Car insurance is cheaper with higher deductibles. Raising your policy deductibles from $500 to $1,000 could save around $290 per year for a 40-year-old driver and $568 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 $304 per year for a 40-year-old driver and $600 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 ($1,758 per year) and a 20-year-old driver ($4,260 per year) is $2,502, or a savings of 83.2%.

How much do different Volt models cost to insure?

Chevy Volt insurance cost ranges from $2,076 to $2,138 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 $250 more per year than the Honda Civic, $516 more than the Toyota Corolla, $218 more than the Nissan Sentra, and $42 less than the Hyundai Elantra.

The Volt ranks 28^th out of 33 total vehicles in the small car class. It costs an estimated $2,106 per year to insure for full coverage and the category average cost is $1,904 annually, a difference of $202 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.