Are you a fan of electric vehicles? Well, you must be, if you’re reading this page right now. whether you’re currently driving a Chevrolet Bolt around town, or thinking about buying one, you’re going to want to make sure you can get affordable insurance on it. Unfortunately, this can be a challenge with cutting edge technology like the tech which comes with electric cars. However, there are ways around these challenges. And we’ll be happy to show you what those are.
The Chevy bolt EV is an electric 5 door hatchback offered by Chevrolet. They partnered with the LG Corporation in order to come up with the design for an all-electric vehicle. Although the LG components are currently being produced in South Korea, the final vehicle is assembled at the GM Orion assembly plant and Detroit, Michigan. It started production in 2016, and as of this writing, is still in production to this day. It has a purely electric 238 mile range, and is said to be the gas equivalent of 119 miles per gallon.
The Chevy bolt was first test marketed in California in December of 2016, where the infrastructure for purely electric cars was the most robust. High sales numbers let the company to branch out and start selling its car all across North America in 2017. It received rave critical reviews and earned many awards – such as Motor Trend’s 2017 car of the year, the 2017 North American Car of the Year, and the All-Star award from Automobile Magazine for 2017. It also got an honorable mention in Time Magazine as one of the best 25 inventions of 2016.
Did you know that your Chevrolet bolt EV car insurance premiums will differ widely from state to state? And it isn’t just because of the way different insurance laws work in different states, either. In some areas, the infrastructure for electric vehicles just isn’t as robust or as plentiful as it is in larger cities who have the environment in mind with regard to their infrastructure. If you live in an area that caters to electric vehicles like yours, that’s great! But if you don’t, you may be at risk for some higher auto insurance costs.
Likewise, different insurance companies will have different feelings about how to cover an electric vehicle. Some older insurance companies – while more established and more financially sound – may I act like an old man shaking a stick and telling those newfangled electric vehicles to get off his lawn in the form of higher premiums. Other companies may be embracing these environmentally friendly vehicles, either because they believe in supporting the technology or because they may have the option of accepting tax breaks to provide motorists with an affordable insurance policy which may encourage them to buy such vehicles.
For many people, when it comes to the choice of either an electric/hybrid vehicle, or it’s gasoline-powered twin, their monthly insurance rate could make all the difference. Will you save money in the long run paying less (or zero) money for gas with a hybrid or an electric vehicle, even if your paying higher insurance premiums? Or will a lower rate for a gas-powered vehicle make up for the extra cost of purchasing gasoline? The answer to these questions all depends on your personal needs, the frequency with which you drive, the gas mileage of your vehicle, and the miles you drive each year.
With any major purchase in life, you have to compare your options before you settle. Car insurance is no exception. If you want the most affordable rate on your Chevrolet bolt EV auto insurance premiums, then you’re going to have to compare rates. But don’t do it the stressful way by calling each company yourself and asking for a quote. Do it the easy way with our quote generator here at AutoInsuranceEZ.com!