Cheapest Car Insurance In Vermont For 2024
After analyzing various quotes and comparing policies, we’ve determined that State Farm offers the cheapest car insurance policy in Vermont.
We’ve saved shoppers an average of $600 per year on their car insurance.
Searching for cheap car insurance in Vermont might seem daunting, but it doesn’t have to be stressful. One great option is State Farm, known for its competitive rates and reliable service.
In today’s economy, with costs rising and numerous options available, it’s important to find car insurance that fits your budget and meets your needs. Whether you’re a new driver, a daily commuter, or a family looking to save on insurance expenses, understanding what affects insurance rates and where to find the best deals is crucial.
Based on thorough research conducted over the past decade, I’ve condensed our findings to help you navigate this complex market.
Cheapest Car Insurance Companies In Vermont
Our Methodology
Throughout our inquiry, I employed a methodical strategy to collect and assess information regarding various auto insurance companies and their policies. Initially, I identified key metrics for assessment, such as coverage options, pricing, customer reviews, and the financial health of insurers. Subsequently, I sourced data from trustworthy channels like insurance company websites, consumer feedback platforms, and industry reports.
After compiling all the data, I organized it methodically and assessed each insurance provider based on predetermined criteria. This involved comparing coverage choices, premium costs, available discounts, and client feedback to determine the strengths and weaknesses of each company.
Quotes Analyzed
Years Of Industry Experience
Brands Reviewed
Research Hours
Cheapest Car Insurance In Vermont For Good Drivers
In Vermont, how much you pay for car insurance as a safe driver can change depending on different things like your driving record, age, and the type of coverage you choose. Generally, if you have a good driving history with no accidents or tickets, insurance companies will likely offer you lower rates since they see you as less of a risk.
Plus, you might qualify for extra discounts if you keep your driving record clean. It’s smart for safe drivers to shop around and compare quotes from different insurance companies to find the best deals and coverage that suits their specific needs.
| Provider | Average Monthly Cost | Average Annual Cost |
|
GEICO |
$48 |
$574 |
|
Allstate |
$30 |
$358 |
|
State Farm |
$22 |
$262 |
|
Progressive |
$37 |
$442 |
|
Nationwide |
$60 |
$718 |
Cheapest Car Insurance In Vermont For Minimum Coverage
In Vermont, State Farm is the top choice for liability car insurance, with average monthly rates as low as $22.
| Provider | Average Monthly Cost | Average Annual Cost |
|
GEICO |
$48 |
$574 |
|
Allstate |
$30 |
$358 |
|
$22 |
$262 |
|
|
Progressive |
$37 |
$442 |
|
Nationwide |
$60 |
$718 |
In Vermont, drivers must maintain the minimum car insurance coverage required by law, which typically includes liability coverage. This coverage consists of bodily injury liability and property damage liability.
Bodily injury liability assists with medical bills, rehabilitation expenses, and legal costs if you’re at fault in an accident causing injuries to others. Property damage liability covers repair or replacement costs for another person’s vehicle or property if you’re responsible for the damage.
These coverage requirements are set by state law in Vermont and can vary based on factors like your vehicle type and driving record. It’s important to review these requirements carefully and ensure you have adequate coverage to meet legal obligations and protect yourself financially in case of an accident.
Cheapest Car Insurance In Vermont For Drivers With Poor Credit
In Vermont, Concord Group provides the best prices for drivers with bad credit, with monthly rates starting at just $75 on average.
| Provider | Average Monthly Cost | Average Annual Cost |
|
American Family |
$124 |
$1,486 |
|
Concord Group |
$75 |
$898 |
|
Progressive |
$134 |
$1,606 |
|
Allstate |
$100 |
$1,198 |
|
State Farm |
$153 |
$1,834 |
Your credit score plays a big role in how much you pay for car insurance because it helps car insurance companies determine how risky you are to insure. People with lower credit scores are often seen as more likely to make claims, which can result in higher insurance rates.
In Vermont, drivers with bad credit might have to pay more for car insurance than those with good credit. Insurance companies take into account your credit history when setting rates because studies have shown a link between credit scores and the likelihood of filing claims.
If you have poor credit, it might be challenging to find affordable insurance options. However, you can look for discounts and compare quotes from different insurance companies to find the best rates possible.
Cheapest Car Insurance In Vermont For Young Drivers
In Vermont, young adults usually receive lower car insurance rates compared to teenagers. This is because as people grow older, they typically drive more safely, resulting in fewer accidents and insurance claims. Insurance companies consider these safer driving habits and lower premiums for young adults based on their improved safety records.
Cheapest Vermont Car Insurance For 16-Year-Olds
In Vermont, Auto-Owners provides the best prices for 16-year-olds, with an average monthly cost of $137, making it the most affordable option in the state.
| Provider | Average Monthly Cost | Average Annual Cost |
| Nationwide | $236 | $2,830 |
| Geico | $265 | $3,178 |
| Vermont Mutual | $270 | $3,238 |
| Auto-Owners | $137 | $1,642 |
| State Farm | $194 | $2,326 |
Cheapest Vermont Car Insurance For 17-Year-Olds
Auto-Owners offers affordable insurance rates for seventeen-year-olds, with an average cost of $129.
| Provider | Average Monthly Cost | Average Annual Cost |
| USAA | $211 | $2,530 |
| Nationwide | $236 | $2,830 |
| Geico | $240 | $2,878 |
| Auto-Owners | $129 | $1,546 |
| State Farm | $172 | $2,062 |
Cheapest Vermont Car Insurance For 18-Year-Olds
Auto-Owners provides the best prices for 18-year-olds, with an average monthly cost of $122 for insurance.
| Provider | Average Monthly Cost | Average Annual Cost |
| USAA | $175 | $2,098 |
| Geico | $232 | $2,782 |
| Nationwide | $236 | $2,830 |
| Auto-Owners | $122 | $1,462 |
| State Farm | $154 | $1,846 |
Cheapest Vermont Car Insurance For 21-Year-Olds
Auto-Owners offers the best prices for 21-year-olds, with a typical monthly cost of $105.
| Provider | Average Monthly Cost | Average Annual Cost |
| State Farm | $108 | $1,294 |
| Nationwide | $126 | $1,510 |
| Geico | $127 | $1,522 |
| USAA | $107 | $1,282 |
| Auto-Owners | $105 | $1,258 |
Cheapest Car Insurance In Vermont For Seniors
Seniors in Vermont can get great rates from Travelers, with monthly premiums starting as low as $75 on average.
| Provider | Average Monthly Cost | Average Annual Cost |
|
Nationwide |
$72 |
$862 |
|
State Farm |
$50 |
$598 |
|
American Family |
$62 |
$742 |
|
Allstate |
$70 |
$838 |
|
GEICO |
$75 |
$898 |
Elderly individuals often receive lower car insurance rates for a few reasons. Insurance companies see them as experienced and reliable drivers who follow safe driving practices. Many seniors also drive less frequently, reducing their chances of accidents and insurance claims.
Some insurance companies have discounts specifically for senior drivers, taking into consideration their age, driving habits, and completion of safety courses. Seniors can save money on their insurance by taking defensive driving courses to improve their skills and promote safer driving among older individuals.
Cheapest Car Insurance In Vermont For Drivers With Prior Incidents
In Vermont, people with a history of accidents, speeding tickets, or DUIs may have trouble getting cheap car insurance. This is because insurance companies see them as high-risk and are more likely to have to pay out money for claims in the future.
Because of this, the cost of insurance goes up for these individuals. Vermont has even higher insurance costs because of the number of traffic incidents. Insurance companies use statistics to show that people with a history of driving incidents are more likely to make claims in the future.
Cheapest Car Insurance In Vermont For Drivers With A Speeding Ticket
State Farm provides the best affordable choice for drivers who have gotten a speeding ticket, with average costs around $60.
| Provider | Average Monthly Cost | Average Annual Cost |
| GEICO | $153 | $1,834 |
| Concord | $125 | $1,498 |
| State Farm | $60 | $718 |
| Allstate | $180 | $2,158 |
| Progressive | $120 | $1,438 |
Cheapest Car Insurance In Vermont For Drivers With An At-Fault Accident
State Farm is recognized for providing a top choice for drivers who are at fault for accidents, with an average price of $62 for their insurance rates.
| Provider | Average Monthly Cost | Average Annual Cost |
| USAA | $100 | $1,198 |
| Allstate | $212 | $2,542 |
| Concord | $130 | $1,558 |
| State Farm | $62 | $742 |
| Progressive | $150 | $1,798 |
Cheapest Car Insurance In Vermont For Drivers After A DUI
State Farm offers the best-priced insurance for drivers who have a DUI on their driving record, with typical premiums around $100.
| Provider | Average Monthly Cost | Average Annual Cost |
| Concord | $152 | $1,822 |
| Allstate | $188 | $2,254 |
| Nationwide | $228 | $2,734 |
| State Farm | $100 | $1,198 |
| GEICO | $350 | $4,198 |
Cheapest Car Insurance In Vermont For Full Coverage
In Vermont, State Farm provides the cheapest prices for comprehensive car insurance, starting at just $55 per month on average.
| Provider | Average Monthly Cost | Average Annual Cost |
|
State Farm |
$55 |
$658 |
|
GEICO |
$114 |
$1,366 |
|
Co-Op |
$123 |
$1,474 |
|
Nationwide |
$112 |
$1,342 |
|
Allstate |
$160 |
$1,918 |
In Vermont, full coverage car insurance goes beyond the basic liability coverage required by the state, providing comprehensive protection for drivers and their vehicles. It includes additional features such as collision and comprehensive insurance.
Collision coverage pays for repairs to your car after an accident with another vehicle or object, regardless of fault. Meanwhile, comprehensive coverage handles damages from events like theft, vandalism, fire, or natural disasters.
This type of car insurance offers peace of mind by providing extensive financial protection in various scenarios, ensuring coverage for damages to both your car and others involved in an accident. However, it’s essential to carefully review your policy to understand coverage limits and deductibles for adequate protection.
Average Cost Of Auto Insurance In Vermont – By Age
| Age | Average Monthly Cost | Average Annual Cost |
| 16 | $300 | $3,598 |
| 17 | $270 | $3,238 |
| 18 | $244 | $2,926 |
| 19 | $224 | $2,686 |
| 21 | $144 | $1,726 |
| 25 | $105 | $1,258 |
| 30 | $94 | $1,126 |
| 40 | $90 | $1,078 |
| 50 | $82 | $982 |
| 55 | $79 | $946 |
| 65 | $86 | $1,030 |
| 75 | $86 | $1,030 |
Average Cost Of Car Insurance In Vermont – By Gender & Marital Status
| Gender | Marital Status | Average Annual Cost |
| Female | Single | $994 |
| Male | Single | $1,018 |
| Female | Married | $1,000 |
| Male | Married | $1,078 |
Average Cost Of Auto Insurance In Vermont – By Credit Tier
| Credit Tier | Average Monthly Cost | Average Annual Cost |
| Excellent | $83 | $994 |
| Good | $85 | $1,018 |
| Poor | $150 | $1,798 |
Cheapest Car Insurance In Vermont By City
| City | Average Monthly Cost | Average Annual Cost |
| Burlington | $106 | $1,270 |
| West Hartford | $109 | $1,306 |
| Williston | $108 | $1,294 |
| Essex Junction | $107 | $1,282 |
| Bennington | $106 | $1,270 |
Minimum Car Insurance Requirements In Vermont
In Vermont, to drive legally, you need car insurance that covers bodily injury and property damage. This is typically expressed as three numbers like 25/50/10. The first number is the coverage for bodily injury per person ($25,000), the second is the coverage for bodily injury per accident ($50,000), and the third is the coverage for property damage per accident ($10,000).
Vermont also mandates Personal Injury Protection (PIP) coverage, part of its no-fault insurance system. PIP helps pay for medical bills and lost wages for you and your passengers, no matter who’s at fault in an accident. This provides crucial financial protection for accident-related injuries.
Alternatively, drivers can opt for the “Health Insurance Primary” (HIP) option, where their health insurance covers medical costs from accidents instead of PIP. However, not all health insurance plans qualify for HIP, so it’s important to confirm eligibility with your health insurance provider.
Car Insurance Discounts In Vermont
When you’re searching for car insurance, it’s wise to explore companies that offer personalized discounts. Additionally, having a conversation with your insurance agent can uncover potential discounts you haven’t utilized yet.
Here are some typical discounts offered by major car insurance providers:
- Safe Driver Discount: Qualify for this discount if you have a clean driving record without any accidents or traffic violations.
- Bundle Discount: Many insurers offer discounts to individuals who bundle their car insurance with other policies such as homeowners or renters insurance.
- Defensive Driving Course Discount: Completing a defensive driving course could make you eligible for discounts on your car insurance premiums. These courses teach valuable skills to help drivers avoid accidents and reduce their risk on the road.
- Multi-Vehicle Discount: Insuring multiple vehicles under one policy may earn you a discount, saving money compared to insuring each vehicle separately.
- Good Student Discount: Students who maintain good grades could qualify for a discount on their car insurance premiums.
FAQs
How much is car insurance a month in Vermont?
The average monthly cost of auto insurance in Vermont can change depending on factors like the driver’s age, driving history, and the type of coverage they choose.
What is the minimum car insurance one must have in Vermont?
In Vermont, drivers are required to have the basic car insurance, which covers bodily injury and property damage. Additionally, they need to have Personal Injury Protection (PIP) coverage as per the law.
Which insurance is better in Vermont?
The top insurance provider in Vermont may vary based on your preferences, driving habits, and the type of coverage you require. It’s wise to gather quotes from multiple companies to discover which one aligns best with your needs.
