Shedding light on car insurance prices
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The average cost of insurance for a 2017 Chevrolet Volt is $177 a month, or $2,124 a year. With an MSRP of $33,520, the annual insurance cost–to–base car price ratio is 14.2%, which is higher than the national average of 16%, which is much higher than the average of 4%.
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| Model | Monthly insurance rate | Base car price |
|---|---|---|
| Bolt Ev | $238 | $36,620 |
| Camaro | $154 | $25,905 |
| City Express | $171 | $22,405 |
| Colorado | $161 | $20,000 |
| Corvette | $238 | $55,450 |
| Cruze | $238 | $16,975 |
| Equinox | $177 | $23,100 |
| Express | $171 | $30,745 |
| Impala | $175 | $27,500 |
| Malibu | $238 | $21,680 |
| Silverado | $160 | $27,785 |
| Sonic | $174 | $15,145 |
| Spark | $181 | $13,000 |
| SS | $164 | $46,625 |
| Suburban | $172 | $49,915 |
| Tahoe | $169 | $47,215 |
| Traverse | $171 | $28,700 |
| Trax | $180 | $21,000 |
| Volt | $177 | $33,220 |
The Chevrolet Volt has been around since 2011. The plug-in hybrid car is known for its powerful acceleration and high safety scores. The latest model was awarded a 5-Star Overall Safety Rating by the National Highway Traffic Safety Administration and was rated as a Top Safety Pick+ by the Insurance Institute for Highway Safety. In 2016, the Chevrolet Volt was named Green Car of the Year by the Green Car Journal. The Chevrolet Volt was ranked as the top selling plug-in electric car until 2015, when it was surpassed by the Nissan Leaf.
Insurance companies determine the insurance cost for a Chevrolet Volt based on safety ratings, theft rates, replacement costs and overall damage susceptibility. Insurance rates can change based on a driver’s history and location. Chevrolet shoppers should grab quotes from several insurance companies to find the lowest premium possible before they commit. Chevrolet Volt shoppers should also do their research and see if they qualify for insurance discounts with each insurance company.
From a price standpoint, the Chevrolet Volt ranks right in the middle of our list of the 360 priciest car models to insure. Explore the prices of other car brands and models.
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