How Much Is Car Insurance in Vermont? (November 2024)


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Vermont drivers pay around $799 yearly for full coverage car insurance or $317 for minimum coverage. Your age, the amount of coverage you pick, where you live, how well you drive, and your credit history all affect your premium.

Why Trust MoneyGeek? We analyzed data and quotes from Quadrant Information Services and the Vermont Department of Financial Regulation to get the most precise average costs for various Vermont drivers.

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These rates reflect the average cost of car insurance in Vermont as of November 2024.

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Average Car Insurance Costs in Vermont

Vermont's average annual cost for full coverage car insurance is $799. Understanding these rates helps you determine if you're getting a reasonable deal or if it's expensive when comparing car insurance quotes.

Here's a summary of Vermont's car insurance rates, providing a clear idea of what you might pay monthly and yearly for minimum or full coverage.

100/300/100 Full Cov. w/$1,000 Ded.$799$67
100/300/100 Liability Only$386$32
State Minimum Liability Only$317$26

Why Are Car Insurance Rates Moderate in Vermont?

Car insurance in Vermont is generally more affordable than in other states. The average annual premium for full coverage with a $1,000 deductible is $799 or about $67 per month, well below the national average of $1,358 annually or $113 monthly.

This lower cost is due to Vermont's smaller population, less traffic, fewer car thefts and accidents, and rural setting, all of which contribute to fewer claims and lower costs for insurers.

Average Car Insurance Costs in Vermont by Company

Car insurance rates in Vermont differ significantly between companies. Vermont Mutual offers the most affordable full coverage at an annual premium of $538, unlike the priciest, GEICO, at $1,027 annually. Compare quotes from different providers to find the cheapest car insurance in Vermont.

Data filtered by:Results filtered by:
Coverage:
Coverage:Full Coverage
Age Group:
Age Group:30-59
Vermont Mutual$538$45
State Farm$591$49
Concord Group$808$67
Allstate$826$69
American Family$837$70
Progressive$850$71
Nationwide$916$76
GEICO$1,027$86
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Average Car Insurance Costs in Vermont by Coverage Level

The cost of car insurance in Vermont is also affected by the level of coverage you select. For instance, the average monthly cost for minimum coverage is $26, while opting for full coverage with a $1,000 deductible averages out to $67. Although more expensive, it's highly recommended to choose full coverage insurance because it provides a broader financial safeguard against potential mishaps.

Adding comprehensive and collision coverage will undoubtedly increase your premium, yet selecting higher deductibles can counterbalance the higher costs. Remember, these deductible amounts apply separately for each comprehensive and collision claim.

State Minimum Liability Only$317$26
100/300/100 Liability Only$386$32
300/500/300 Liability Only$473$39
State Minimum Liability w/ Full Cov. w/$1,000 Ded.$744$62
State Minimum Liability w/ Full Cov. w/$1,500 Ded.$754$63
100/300/100 Full Cov. w/$1,000 Ded.$799$67
100/300/100 Full Cov. w/$1,500 Ded.$809$67
State Minimum Liability w/ Full Cov. w/$500 Ded.$835$70
300/500/300 Full Cov. w/$1,000 Ded$842$70
300/500/300 Full Cov. w/$1,500 Ded.$852$71
100/300/1000,000 - 500 comp_coll$890$74
300/500/300 Full Cov. w/$500 Ded.$933$78

Minimum Car Insurance Requirements in Vermont

In Vermont, the minimum car insurance requirements include $25,000 for bodily injury per person, $50,000 for bodily injury per accident, $10,000 for property damage per accident and uninsured/underinsured motorist coverage of $50,000 per person and $100,000 per accident, with an additional $10,000 for property damage.

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    $25,000 for bodily injury liability per person

    In Vermont, this is the minimum amount required for coverage per person injured in an accident where you're at fault.

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    $50,000 for bodily injury liability per accident

    This represents the total minimum coverage for all injuries in an accident where you are at fault in Vermont.

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    $10,000 for property damage liability per accident

    Vermont requires this minimum amount to cover the cost of property damage in an accident for which you are responsible.

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    $50,000 uninsured motorist bodily injury per person

    This coverage is the minimum in Vermont to protect you if an uninsured driver injures you in an accident.

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    $100,000 uninsured motorist bodily injury per accident

    Vermont's minimum coverage for all injuries caused by an uninsured driver in an accident.

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    $10,000 uninsured/Underinsured property damage coverage

    This is the minimum amount in Vermont to cover property damage caused by an uninsured or underinsured driver.

Average Car Insurance Costs in Vermont by Age

Age significantly influences car insurance costs in Vermont. Younger drivers, particularly those between 22-29, face the highest average annual premiums at $1,032. As drivers mature, rates tend to decrease. Those aged 30-59 see more affordable car insurance, averaging $799 annually, while people aged 60 and above typically enjoy the lowest rates at around $771 per year. This trend reflects the insurance industry's view that experience and a lower risk of accidents come with age.

Data filtered by:Results filtered by:
Coverage:
Coverage:100/300/100 Full Cov. w/$1,000 Ded.
22-29$1,032$86
30-59$799$67
60 +$771$64

Average Car Insurance Costs in Vermont for Teens

In Vermont, age and gender help determine car insurance rates. A 16-year-old male driver added to a family policy averages an annual premium of $1,754, the highest among teen drivers.

Teenagers under 18 often require a parent or guardian to co-sign for car insurance, and if they choose an individual policy, the premium rises to $3,262.

Data filtered by:Results filtered by:
Gender:
Gender:Male
16$1,754$3,262
17$1,741$2,884
18$1,556$2,556
19$1,445$2,189
20$1,469$1,837
21$1,137$1,426
22$1,092$1,307
23$1,125$1,161
24$1,060$1,098
25$921$951

Average Car Insurance Costs in Vermont for New Cars

The average annual cost for full coverage car insurance is $699 for a 2012 model and $903 for a 2022 model. Newer cars have higher actual cash values, cost more to repair and are more likely to be stolen, leading to more expensive premiums.

Owners of newer vehicles should consider comprehensive and collision coverages, which offer financial protection against accidents, natural disasters and theft.

Data filtered by:Results filtered by:
Coverage:
Coverage:Full Coverage
Age Group:
Age Group:30-59
2012 Vehicle$699$58
2022 Vehicle$903$75
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ACTUAL CASH VALUE

The actual cash value (ACV) of your vehicle is the amount your insurance company uses to calculate the payout for a comprehensive or collision claim. This figure represents your car's market value, factoring in depreciation. It determines the maximum reimbursement for your damaged or totaled vehicle, directly affecting your financial coverage.

Average Car Insurance Costs in Vermont by Driving Record

The average cost of car insurance in Vermont fluctuates depending on your driving record.

  • With a ticket: $977 per year; $81 per month
  • With an at-fault accident: $1,157 per year; $96 per month
  • With a DUI: $1,622 per year; $135 per month

Violations like speeding tickets, accidents, and DUIs increase your premiums. The severity of the violation affects the cost, and these records can impact your rates for years. For instance, a DUI can affect your insurance costs in Vermont for at least six years.

Check how different coverage types and age groups influence the average insurance cost for various driving records.

Data filtered by:Results filtered by:
Coverage:
Coverage:100/300/100 Full Cov. w/$1,000 Ded.
Age Group:
Age Group:30-59
Clean$799$67
Ticket$977$81
At-fault Accident$1,157$96
DUI$1,622$135

Average Car Insurance Costs in Vermont by Credit Score

Vermont drivers with excellent credit scores pay an average of $559 annually for car insurance, while those with poor credit may pay around $1,125. A good credit score, typically ranging from 670 to 739, can help you secure lower rates. Insurers use your credit score to gauge your financial responsibility and risk of filing claims.

Data filtered by:Results filtered by:
Coverage:
Coverage:100/300/100 w/ $1000 Deductible
Age Group:
Age Group:30-59
Excellent$559$47
Good$647$54
Fair$773$64
Below Fair$904$75
Poor$1,125$94
Compare Auto Insurance Rates

Ensure you're getting the best rate for your auto insurance. Compare quotes from the top insurance companies.

Factors Affecting Car Insurance Rates in Vermont

Many factors determine the cost you'll pay for car insurance in Vermont. Here are the most common:

  • Driving Record: A clean driving record can lead to more affordable car insurance rates because traffic violations and accidents typically result in higher premiums.
  • Credit History: Insurers consider credit scores when setting rates, with higher credit scores often leading to lower car insurance costs in Vermont.
  • Age and Gender: Younger drivers, especially men, may face higher rates due to statistics suggesting a higher risk of accidents in these demographics.
  • Vehicle Type: A car's make, model and age impact insurance rates. Newer, more expensive vehicles may require higher premiums due to the repair or replacement costs.
  • Location within Vermont: Premiums in urban areas with higher traffic congestion and theft rates may be more expensive than in rural areas with lower risk factors.
  • Coverage Type: Choosing state minimum coverage can be more affordable while adding collision insurance or comprehensive insurance increases the cost proportionally to the level of protection.
  • Annual Mileage: High annual mileage can lead to higher premiums as the risk of accidents increases with more time on the road.
  • Marital Status: Married drivers may receive lower rates because statistical data suggests that married individuals engage in safer driving behaviors.
  • Driving Experience: Inexperienced drivers in Vermont may have higher premiums, as insurers equate less driving experience with a greater likelihood of filing a claim.

Compare car insurance quotes to find a policy that meets your driving needs and budget. By not exploring your options, you could miss out on potential savings.

How to Save Money on Car Insurance in Vermont

To get affordable car insurance in Vermont, compare rates, increase your deductible and avail of all eligible discounts.

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    Shop Around for Options

    Comparing rates from different insurers can help you find the cheapest car insurance in Vermont. Providers may offer varying premiums for the same coverage.

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    Maintain a Clean Driving Record

    A clean driving record with no accidents or violations can significantly lower your insurance rates because insurers consider you less risky.

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    Bundle Insurance Policies

    Purchasing auto insurance along with other policies like home or life insurance from the same company can unlock discounts and lead to more affordable rates.

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    Increase Your Deductible

    Opting for a higher deductible can reduce your premium costs, but ensure you can afford the deductible in case of a claim.

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    Look for Discounts

    Many insurers offer discounts for things like being a good student, having anti-theft devices or for safe driving. Check what discounts are available to lower your costs.

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    Drive a Car with Lower Insurance Costs

    The type of car you drive affects your insurance rates. Choose a model with a strong safety record and lower repair costs to find more affordable insurance.

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    Review Your Coverage Regularly

    Life changes can affect your insurance needs. Regularly reviewing your policy ensures you're not overpaying for coverage you don't need.

FAQ: Car Insurance Costs in Vermont

Get answers about what impacts the average cost of car insurance in Vermont and how to find affordable rates.

What are the minimum car insurance requirements in Vermont?
What is the average cost of full coverage and minimum coverage auto insurance in Vermont?
What is the average cost of car insurance for a 22-year-old in Vermont?
What are the cheapest car insurance companies in Vermont?

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.