Vermont is home to more than 500,000 licensed drivers. Every resident who has a vehicle registered in Vermont must have car insurance. Car insurance in Vermont is cheaper because it is smaller and has a lower population density. An average Vermont driver pays $1,207 annually to insure their car with full coverage and $292 for minimal coverage.
Vermont has the cheapest car insurance
Vermont’s average premium for car insurance is lower than that of the United States. Each insurance company has a different rate. Below is a table that lists the lowest auto insurance Vermont companies based on price, market share.
USAA
USAA offers car insurance to veterans, military personnel and selected family members. It is widely regarded as one of the top insurance companies and has the highest overall satisfaction rating in 2020 J.D. Power U.S. Auto Insurance Study for every region.
An average Vermont driver will pay $807 annually for a USAA full coverage policy and $195 for a minimum coverage plan. To get a lower premium, drivers can also benefit from discounts. USAA offers savings opportunities to students who are good at defensive driving, have a clean driving record, and can insure a new car or vehicle on military bases.
Geico
Geico’s low car insurance rates are unbeatable for the average Vermont driver. Geico’s average insurance policy covers $968/year, while the average policy covers $211/year.
Geico offers several discounts for its policyholders. You can get discounts for military personnel, good students, federal employees, emergency deployment, employee/membership group members, car safety features, seatbelts, and other benefits.
All over the country
Nationwide insurance covers Vermonters. They have access to strong endorsements, great online resources, and affordable coverage. An average Vermont driver will pay $984 annually for Allstate’s full coverage policy and $337 for Allstate’s minimum coverage policy.
Nationwide offers common discounts such as taking defensive driving courses, being a safe driver and signing up for paperless billing statements. The vanishing deductible program allows drivers to lower their deductible by $100 each year until they are free from any claims. This can be up to $500.
State Farm
State Farm is the biggest car insurance company in America, accounting for more than 16%. State Farm’s popularity is due to its affordable rates. The average Vermont driver pays $1,129 annually to purchase a full coverage policy, and $366 annually to purchase a minimal coverage policy from State Farm.
Discounts are available for Vermont drivers to lower their rates. State Farm offers two safety driver reward programs: Drive Safe & Save to drivers over 25 years old and Steer Clear to drivers under 25. State Farm offers discounts to claim-free drivers, smart students and students away from school.
Allstate
Allstate is an insurance company that has been highly rated. Although its full coverage rates are higher that those of other companies on the list, it has low minimum coverage rates. Allstate’s average full coverage policy is $1,893 per annum and its average minimum coverage policy is $447 per annum.
Allstate offers a wide range of coverage options for Vermonters. They also offer a variety discounts. There are savings opportunities available for purchasing a new vehicle, bundling policies and smart students. You can also enroll in the Drivewise safe driving program.
Vermont drivers must have minimum coverage
Vermont drivers must have minimum liability insurance. This is represented by 25/50/10. This law requires that each person has $25,000 in bodily injuries coverage, $50,000 per accident bodily injury coverage and $10,000 per accident property damage coverage.
For cheap insurance, it is not a good idea to purchase liability-only coverage. It is not guaranteed that Vermont’s minimum requirements for insurance will cover all the costs of an at-fault collision. Drivers who have financial responsibility beyond their policy’s coverage limit must pay out of pocket the difference.
How to Get Cheap Car Insurance in Vermont
It is not enough to choose a low-cost car insurance company in Vermont. These are some other options drivers should consider when searching for affordable insurance.
- Compare multiple quotes: Get quotes from several providers while researching insurance companies. This will allow you to easily compare quotes and determine which provider offers the best price for you.
- Discounts: Many insurance companies offer discounts that will help drivers lower their rates. You should look for companies that offer multiple discounts, so you can be eligible for them.
- Credit score improvement: Insurance companies consider your credit score when calculating your rate. Your insurance premium can be reduced by improving your credit score.
- You may be eligible for a paid in-full discount if you are able to pay your annual premium.
- Upgrade your vehicle: Vehicles with certain safety features like anti-theft systems, daytime running lamps, and anti-lock brakes often qualify for savings. To get a lower policy, consider upgrading your vehicle.
Questions frequently asked
Which is the best Vermont car insurance?
Because every provider is different, the best Vermont car insurance company will vary. USAA might offer the lowest rate, but Progressive may offer the best discount. You can only find the right insurance company for your needs by shopping around and comparing providers based on your individual criteria.
What is the average cost for car insurance in the United States?
The average annual cost of full-coverage car insurance in the United States for is $1,674 annually. Full coverage insurance costs $1,207 on average in Vermont. Vermont’s car insurance is considerably cheaper than the national average.
What information is required to obtain an insurance quote?
You will need to give some personal information in order to get a quote for car insurance. This includes your name, address, and contact information. Some insurance companies may require your social security number. Information about your vehicle will be required, including the year, make, and model, as well as the VIN, VIN, year, make, and mileage.
