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How much is Chevrolet Volt depreciation?
I’m ready to join the green revolution by buying either an electric or hybrid vehicle. The Chevy Volt has my attention due to the low price, but I also don’t want to eat a ton of depreciation by buying a new one. How much does the Chevrolet Volt depreciate?
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
The Chevrolet Volt has one of the lowest depreciation rates in the hybrid segment. With only around 13% depreciation after five years, buying a newer model is almost the same as buying a used one—at least in terms of price.
That said, Chevrolet discontinued the Volt after the 2019 model year, so you won’t be able to get a brand-new one. Your best bet is to research several different model years to find the best deal.
Whatever vehicle you end up purchasing, you’ll need new
car insurance
, too. Slash your Chevrolet Volt insurance costs
(or insurance for any other vehicle)—without sacrificing coverage—by downloading the Jerry
app.Jerry offers a free insurance comparison tool that scans quotes from over 55 top-rated insurers in just 45 seconds. After you find a great rate, Jerry can help you buy new insurance and cancel your old policy. Users save an average of $800+ per year.
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- Gregory R.
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Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
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