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


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ByMark Fitzpatrick
Reviewed byMark Friedlander
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ByMark Fitzpatrick
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Reviewed byMark Friedlander
Edited byKatherine Kurtz
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Updated: June 19, 2024

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Drivers in Vermont looking for car insurance can expect to pay around $753 a year for a full coverage policy. Those looking for minimum coverage might see annual costs near $304. Your age, how much coverage you want, where you live, how safely you drive and your credit history all affect your car insurance rates.

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 a variety of Vermont drivers.

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

7,416Quotes Analyzed
 
9Companies Compared
 
5ZIP Codes

Average Car Insurance Costs in Vermont

Vermont's average full coverage car insurance cost is around $753 yearly. Knowing the average cost of car insurance in your state can help you figure out if you're getting an affordable rate when comparing car insurance quotes.

Below is a summary of car insurance costs in Vermont. Whether you're looking for minimum coverage or comprehensive full coverage, these amounts give you an idea of what you might pay monthly or annually for your insurance.

100/300/100 Full Cov. w/$1,000 Ded.Average Annual Premium$753Average Monthly Premium$63
100/300/100 Liability OnlyAverage Annual Premium$371Average Monthly Premium$31
State Minimum Liability OnlyAverage Annual Premium$304Average Monthly Premium$25

Why Are Car Insurance Rates Moderate in Vermont?

Car insurance in Vermont is generally more affordable compared with other states. For full coverage with a $1,000 deductible, the average annual premium is $753, which translates to about $63 per month. This is significantly less than the national average cost of car insurance, which is $1,244 annually or $104 monthly for a comparable policy.

The lower cost in Vermont can be attributed to factors such as a smaller population, less traffic and lower instances of car thefts and accidents, which all contribute to fewer insurance claims. Additionally, Vermont's rural setting can lead to lower costs for insurers.

Average Car Insurance Costs in Vermont by Company

Car insurance premiums can differ significantly between companies. In Vermont, State Farm offers the most affordable full coverage at an annual premium of $515, in contrast to GEICO, the priciest, at $1,001 per year.

Finding the cheapest car insurance in Vermont requires comparing quotes from different providers. Selecting the right policy will help ease your budget.

Data filtered by:Results filtered by:
Coverage:
Coverage:Full Coverage
Age Group:
Age Group:30-59
State FarmAnnual Premium$515Monthly Premium$43
Vermont MutualAnnual Premium$543Monthly Premium$45
American FamilyAnnual Premium$689Monthly Premium$57
Concord GroupAnnual Premium$727Monthly Premium$61
AllstateAnnual Premium$795Monthly Premium$66
ProgressiveAnnual Premium$850Monthly Premium$71
NationwideAnnual Premium$903Monthly Premium$75
GEICOAnnual Premium$1,001Monthly Premium$83
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Average Car Insurance Costs in Vermont by Coverage Level

The cost of car insurance in Vermont is also influenced by the level of coverage you select. For example, minimum coverage averages around $25 per month, while the full coverage with a $1,000 deductible averages approximately $63 per month. A full coverage policy is often recommended despite the higher price because it offers more comprehensive protection.

While including comprehensive and collision coverage in your insurance plan raises your premium, choosing higher deductibles can counterbalance the increased cost. Each comprehensive and collision coverage comes with a deductible amount, which is the out-of-pocket expense you agree to pay in the event of a claim.

State Minimum Liability OnlyAverage Annual Premium$304Average Monthly Premium$25
100/300/100 Liability OnlyAverage Annual Premium$371Average Monthly Premium$31
300/500/300 Liability OnlyAverage Annual Premium$455Average Monthly Premium$38
State Minimum Liability w/ Full Cov. w/$1,000 Ded.Average Annual Premium$698Average Monthly Premium$58
State Minimum Liability w/ Full Cov. w/$1,500 Ded.Average Annual Premium$708Average Monthly Premium$59
100/300/100 Full Cov. w/$1,000 Ded.Average Annual Premium$753Average Monthly Premium$63
100/300/100 Full Cov. w/$1,500 Ded.Average Annual Premium$763Average Monthly Premium$64
State Minimum Liability w/ Full Cov. w/$500 Ded.Average Annual Premium$781Average Monthly Premium$65

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 are 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 can affect the cost of car insurance in Vermont. Young drivers, particularly those aged 22 to 29, typically pay the most, with car insurance premiums decreasing as motorists get older. This trend reflects insurers' view of risk associated with age; inexperienced drivers face higher rates, while mature drivers enjoy more affordable premiums.

For Vermont car insurance, individuals aged 22 to 29 pay an average annual premium of $975, whereas those aged 30 to 59 and 60+ pay $753 and $724, respectively. This illustrates a downward trend in premium costs as drivers age.

Data filtered by:Results filtered by:
Coverage:
Coverage:100/300/100 Full Cov. w/$1,000 Ded.
22-29Average Annual Premium$975Average Monthly Premium$81
30-59Average Annual Premium$753Average Monthly Premium$63
60 +Average Annual Premium$724Average Monthly Premium$60

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 teenage 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 soars to $3,262.

Data filtered by:Results filtered by:
Gender:
Gender:Male
16Added to Family Policy Premium$1,754Individual Premium$3,262
17Added to Family Policy Premium$1,741Individual Premium$2,884
18Added to Family Policy Premium$1,556Individual Premium$2,556
19Added to Family Policy Premium$1,445Individual Premium$2,189
20Added to Family Policy Premium$1,469Individual Premium$1,837
21Added to Family Policy Premium$1,137Individual Premium$1,426
22Added to Family Policy Premium$1,092Individual Premium$1,307
23Added to Family Policy Premium$1,125Individual Premium$1,161

Average Car Insurance Costs in Vermont for New Cars

The average annual cost for full coverage car insurance on a 2012 car model is $699, while the same coverage jumps to $903 for a 2022 model. This increase is largely because newer models often have higher actual cash values and may cost more to repair. Additionally, they could have a greater risk of theft, which drives premiums up.

Owners of newer car models are recommended to consider comprehensive and collision coverage, which can provide financial protection against a range of incidents, including accidents, natural disasters and theft, for all-around vehicle security.

Data filtered by:Results filtered by:
Coverage:
Coverage:Full Coverage
Age Group:
Age Group:30-59
2012 VehicleAnnual Premium$699Monthly Premium$58
2022 VehicleAnnual Premium$903Monthly Premium$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 you receive 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: $920 per year; $77 per month
  • With an at-fault accident: $1,094 per year; $91 per month
  • With a DUI: $1,543 per year; $129 per month

Violations like tickets, accidents and DUIs will raise your car insurance premium. The more severe the violation, the higher the cost. Plus, as long as they're on your record, they'll impact what you pay. For example, in Vermont, a DUI can stay on your driving record for up to 10 years, affecting your insurance costs for that duration.

The table shows how different coverage types and age groups affect the average cost of insurance in Vermont 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
CleanAverage Annual Premium$753Average Monthly Premium$63
TicketAverage Annual Premium$920Average Monthly Premium$77
At-fault AccidentAverage Annual Premium$1,094Average Monthly Premium$91
DUIAverage Annual Premium$1,543Average Monthly Premium$129

Average Car Insurance Costs in Vermont by Credit Score

In Vermont, drivers with excellent credit scores pay an average of $559 annually for car insurance, while those with poor credit might see rates around $1,125. The cost of car insurance is influenced by your credit score because companies consider your financial responsibility as indicative of your risk for filing claims.

A good credit score is typically from 670 to 739. Drivers with higher scores often enjoy more affordable rates.

Data filtered by:Results filtered by:
Coverage:
Coverage:100/300/100 w/ $1000 Deductible
Age Group:
Age Group:30-59
ExcellentAnnual Premium$559Monthly Premium$47
GoodAnnual Premium$647Monthly Premium$54
FairAnnual Premium$773Monthly Premium$64
Below FairAnnual Premium$904Monthly Premium$75
PoorAnnual Premium$1,125Monthly Premium$94
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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: The make, model and age of a vehicle impact insurance rates. Newer, expensive cars may require higher premiums due to the cost of repairs or replacement.

  • Location within Vermont: Urban areas with higher traffic congestion and theft rates may have more expensive premiums compared with 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 spent on the road.

  • Marital Status: Married drivers may receive lower rates due to statistical data that suggests 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 matches your driving needs and fits your budget. You could miss potential savings by not exploring your options.

How to Save Money on Car Insurance in Vermont

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

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    Shop Around for Options

    Comparing rates from different insurers can lead to finding 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 of a risk.

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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 has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick 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.