Best Car Insurance in Vermont (March 2024)

The best car insurance in Vermont varies based on individual needs. American Family leads overall and excels for minimum coverage policies. For families with a teen driver, Nationwide stands out. If cost is your primary concern, MoneyGeek also compiled options for the cheapest car insurance in Vermont.

American Family stands as the top car insurance provider in Vermont, boasting a MoneyGeek score of 90. Scores among the ranked companies range from 69 to 90, demonstrating that American Family leads a competitive field. This scoring spread represents MoneyGeek's baseline evaluation of insurers but can vary for different types of drivers, as each individual's needs may influence their ideal choice for car insurance.

MoneyGeek found that American Family is the best option in Vermont for best full coverage car insurance. When it comes to ensuring that Vermont drivers have the coverage they need, these top providers stand out:

• American Family: MoneyGeek score of 90 out of 100 ($689 per year)
• State Farm: MoneyGeek score of 88 out of 100 ($591 per year)

American Family distinguishes itself with a superior blend of affordability and excellent customer satisfaction. Its score reflects a commitment to value and quality in the realm of car insurance. State Farm follows closely behind as a competitive option, offering a blend of robust service and affordability.

In Vermont, drivers have a range of choices to balance cost with service experience. For those looking to economize, MoneyGeek also explored the companies that offer the cheapest full coverage car insurance in Vermont, providing options for those prioritizing budget.

MoneyGeek found that American Family is the best option in Vermont for car insurance when it comes to customer service.

• American Family: MoneyGeek score of 96 out of 100 ($689 per year)
• Nationwide: MoneyGeek score of 89 out of 100 ($903 per year)

American Family stands out due to its exceptional customer satisfaction and claims handling, which are major contributors to its high MoneyGeek score. Notably, it provides top-notch service at a more affordable cost than its closest competition, Nationwide.

In Vermont, the car insurance market features a diverse array of companies, each with varying levels of customer satisfaction and claims experiences. It's crucial for an insurance company to offer good customer service and effective claims resolution because these factors significantly influence a customer's overall satisfaction and trust in the insurer. Efficient and empathetic customer service, especially in the aftermath of an accident or loss, can make a tremendous difference in easing the stress and uncertainty that policyholders might face.

MoneyGeek found that American Family is the best option in Vermont for drivers seeking car insurance with minimum coverage.

• American Family: MoneyGeek score of 91 out of 100 ($242 per year)
• State Farm: MoneyGeek score of 84 out of 100 ($218 per year)

American Family stands out in Vermont due to its exceptional balance of affordability, customer satisfaction and claims handling. Despite the higher annual cost compared to State Farm, at $242, American Family offers the minimum insurance required by law in Vermont, providing ample protection for drivers looking to stay legally insured.

In Vermont, while numerous companies can provide affordable car insurance for the legally required minimum coverage, purchasing only the minimum can have downsides. It might leave you underinsured in the case of a more serious accident, which can result in out-of-pocket expenses that significantly exceed the cost of a more comprehensive policy. It is always advisable to consider the level of coverage that best meets your needs, taking into account both your personal circumstances and financial security.

In Vermont, driver age notably influences car insurance rates due to associated costs and age-specific coverage options and discounts. MoneyGeek found that Nationwide, with a score of 88, is the top choice for teens, offering a balance of affordability at an annual premium of $947 and satisfactory claims handling. For young adults and seniors, State Farm emerges as the premium pick, scoring an impressive 90 for both age groups. Young adults benefit from an annual rate of $640, while seniors enjoy even lower rates at $469, coupled with the highest satisfaction and affordability scores. These superior offerings make State Farm the most advantageous for these age demographics.

MoneyGeek found that Nationwide is the best option in Vermont for car insurance for teens, offering a premium balance of cost and coverage. Compare the top providers with their respective scores and premiums below:

• Nationwide: MoneyGeek score of 88 out of 100 ($947 per year)
• State Farm: MoneyGeek score of 83 out of 100 ($812 per year)

Nationwide stands out primarily due to its superior claims handling and satisfaction scores. Even though its annual premium for a teen policy is higher than State Farm's, the overall service quality it provides justifies the expense. For a family looking to acquire cheap car insurance for a teen in Vermont, Nationwide's $947 annual cost exemplifies an affordable addition to a family policy compared to securing an independent policy for a teen.

Adding a teen to a car insurance policy in Vermont is typically more expensive due to the higher risk associated with inexperienced drivers. Insurance companies gauge the likelihood of claims from new drivers as higher and adjust premiums accordingly, which is why it's a common trend across many states to see a spike in rates when insuring young drivers.

MoneyGeek found that State Farm is the best option in Vermont for senior car insurance, garnering the highest MoneyGeek score. Here are the top two providers:

• State Farm: MoneyGeek score of 90 out of 100 ($537 per year)
• American Family: MoneyGeek score of 86 out of 100 ($717 per year)

State Farm stands out due to its exceptional balance of affordability, claims handling and customer satisfaction, marking it as a leading provider for seniors seeking reliable car insurance coverage. To secure cheap car insurance for a senior in Vermont, the annual cost from State Farm is notable, especially considering that prices for seniors may be marginally higher than for individuals in younger age brackets.

It's important to recognize that while car insurance rates for seniors do not inherently surpass those for middle-aged adults, there is a general upward trend in premiums with increasing age. MoneyGeek's rates reflect senior drivers in their 60s, and while those in their 70s and 80s might experience slightly increased rates, it is a nuanced aspect of insurance pricing that takes into account various risk factors associated with age.

MoneyGeek found that American Family is the best option in Vermont for car insurance for young adults. This top ranking is based on its high MoneyGeek score, which is an indication of customer satisfaction, affordability and other factors.

• American Family: MoneyGeek score of 91 out of 100 ($904 per year)
• State Farm: MoneyGeek score of 90 out of 100 ($739 per year)

American Family stands out for its exceptional balance of affordability and customer satisfaction, showcasing its value for drivers in their 20s looking for quality coverage in Vermont. To secure a policy with American Family at the competitive annual cost of $904, a young adult in Vermont will likely incur slightly higher expenses than more mature drivers due to the inherent risk insurers associate with younger, less experienced drivers.

For a young adult in Vermont, finding cheap car insurance can be a challenging endeavor. Premiums are typically higher for young adults, as statistics indicate they are more prone to accidents and risky driving behavior compared to their older counterparts, leading to higher costs for insurers and therefore higher premiums. Despite this, MoneyGeek's analysis helps identify the most cost-effective options for this demographic.

MoneyGeek found that State Farm is the best option in Vermont for drivers with driving offenses, offering a perfect blend of affordability, satisfaction and a solid claims handling record. The two highest-ranking providers for such drivers are:

• State Farm: MoneyGeek score of 90 out of 100 ($649 per year)
• American Family: MoneyGeek score of 90 out of 100 ($1,065 per year)

State Farm stands out as the leading car insurer for motorists with driving offenses in Vermont. Notably, MoneyGeek used a dataset comprising drivers with speeding tickets, at-fault accidents and DUIs to arrive at these conclusions. Major contributors to the MoneyGeek score include customer satisfaction, affordability and claims handling — services critical to policyholders seeking value and reliability.

It's impressive that State Farm not only leads in overall score but also offers the lowest annual cost at $649 for drivers with offenses. To obtain cheap car insurance as a high risk driver in Vermont, one may anticipate paying more than the rates typically seen by drivers in their 30s, 40s or 50s due to the elevated risks associated with such driving records.

After a ticket, at-fault accident or DUI, car insurance premiums in Vermont and elsewhere tend to be higher because insurers adjust rates based on perceived risk. Driving offenses suggest a higher likelihood of future claims, prompting insurance companies to raise premiums to offset the potential costs of these higher risk profiles.

MoneyGeek found that Allstate is the best option in Vermont for new drivers seeking car insurance. With providers analyzed for their performance on several metrics, the following stand out:

• Allstate: MoneyGeek score of 100 out of 100 ($1,437 per year)

Allstate distinguishes itself as the leading provider of car insurance for new drivers in Vermont not only by achieving a perfect MoneyGeek score but also by ensuring the inclusion of essential coverages. MoneyGeek filtered out insurers that don't offer new car replacement and/or better car replacement coverages, acknowledging their significance for drivers with new vehicles.

The key factors contributing to Allstate's top MoneyGeek score include customer satisfaction, affordability of premiums, claims handling, available coverage options and company stability. With an annual cost of $1,437, opting for an insurer like Allstate that provides new or better car replacement coverages could signify financial savings in the event of an accident, even if the premiums are marginally higher. In the absence of these coverages, drivers can be compensated for the depreciated value of their vehicle, which may be considerably lower than the cost of a new car.

MoneyGeek found that USAA is the best option in Vermont for car insurance tailored to the needs of military personnel. Evaluating the providers for their MoneyGeek scores, the top two companies are as follows:

• USAA: MoneyGeek score of 95 out of 100 ($500 per year)
• American Family: MoneyGeek score of 89 out of 100 ($689 per year)

Additionally, for those with a military background, USAA remains a notable option even if based on the MoneyGeek score, which values a balance of service quality and affordability, it did not win in Vermont.

USAA stands out due to its high satisfaction, affordability and claims handling scores, which are significant contributors to its overall MoneyGeek score. The annual cost of $500 makes USAA not just the best in service but also the most affordable choice for those eligible. For military drivers who are predominantly cost-focused, exploring the cheapest car insurance in Vermont for military drivers can provide additional options.

In Vermont, the finest car insurance providers stand out by blending cost-effectiveness, robust financial health and a history of exceptional customer service. MoneyGeek has meticulously evaluated these factors to aid you in decision-making. For those seeking to personally navigate the insurance landscape, a methodical approach consisting of at least four key steps is recommended to ensure a well-informed choice.

The best car insurance options for you largely depend on your specific needs and preferences. We’ve answered some of the most common questions to help you make the right purchase.