The Best Car Insurance in Vermont
MoneyGeek also looked into Vermont's cheapest auto insurance providers for drivers who value price over all other factors.
Best Full Coverage Car Insurance Companies in Vermont: Overall
Allstate is the top pick for the best car insurance company in Vermont. MoneyGeek ranked Vermont's best car insurance companies using claims ratings, average rates and user satisfaction.
Overall, the following insurance providers are the best in the state:
- Allstate: MoneyGeek score of 85 out of 100 ($652 per year)
- GEICO: MoneyGeek score of 82 out of 100 ($701 per year)
USAA received a MoneyGeek score of 100 out of 100, making it one of the best insurance companies in Vermont. However, we excluded from our overall analysis since only military members and their families can purchase its policies.
If you want to prioritize saving on your premiums, MoneyGeek also determined the cheapest full coverage auto insurance in Vermont.
THE TOP CAR INSURANCE COMPANIES IN VERMONT
Allstate ranks highest for affordability and is tied first for user satisfaction and claims. It earned second place for financial stability. Allstate offers custom parts coverage to its customers.
Average Annual Cost: $652
Allstate offers various coverages to supplement your existing policy. For instance, custom parts and equipment insurance covers expenses related to replacing stolen or damaged aftermarket components, personal devices and audio or video equipment.
Also, Allstate Ride for Hire can help fill gaps in coverage when insuring rideshare vehicles. This coverage activates while your application is on as you wait for ride requests.
Portable electronics and media coverage is another rare add-on. This covers costs from loss to your CDs, tapes or similar items used with an auto sound system. To qualify, you must have comprehensive coverage with Allstate.
Allstate policyholders can also opt for new car replacement, accident forgiveness, gap insurance or deductible modification coverages. If you sign up for Allstate Deductible Rewards, you can get $100 off your deductible on the same day.
GEICO ranks second for affordability and is tied first for financial stability and user satisfaction. It also ranks second for claims ratings. You may get unique mechanical breakdown insurance (MBI) as part of your policy.
Average Annual Cost: $701
If your car is under 15 months old and has less than 15,000 miles on it, GEICO's MBI covers all parts and systems. You can earn or purchase accident forgiveness coverage at GEICO to keep your premiums low after your first at-fault accident. To qualify for accident forgiveness, you should be over 21 years old and remain accident-free for five years or more.
GEICO also offers its policyholders roadside assistance and rental car and/or travel reimbursement. If your vehicle breaks down, roadside assistance help cover lockout service expenses, towing and tire changing. You're entitled to a rental car if your vehicle isn't driveable for more than 24 hours after a covered loss.
Overall, GEICO is an excellent option for Vermont drivers.
As Vermont's third-best car insurer, State Farm policies cost an average of $717 yearly. This provider has the third-highest rating for affordability. It is tied first for financial stability and user satisfaction and is ranked second for claims. Rideshare drivers may qualify for insurance at State Farm.
State Farm's rideshare insurance ensures that your policy's medical, roadside assistance and rental car reimbursement coverage remain in place when you work with a ridesharing company. Coverage applies when the app is on and you are waiting for an assignment.
Nationwide ranks fourth for affordability, with average annual coverage at $797. This insurer is tied first for claims and ranks second for financial stability and user satisfaction. Customers can add identity theft coverage.
Nationwide offers identity theft coverage for damages up to $25,000 if you or anyone you live with falls victim to identity theft or fraud. If your vehicle is totaled after an accident, this coverage may reimburse the difference between its cash value and what you owe on the lease or loan.
Travelers offers car insurance policies at an average annual premium of $1,207, ranking fourth for affordability in South Carolina. The company ranks first for stability and claims, but ties for fourth in satisfaction. Travelers offers various add on coverages, including gap insurance.
With Travelers’ gap insurance, the insurer will pay you the difference between the actual cash value of your car and the remaining balance on your loan or lease if your vehicle is totaled. The insurer also provides accident forgiveness, which forgives one at-fault accident within a specific time period.
MoneyGeek examined the best full-coverage car insurance policies in Vermont by comparing quotes from multiple companies. We also pulled data from the National Association of Insurance Commissioners (NAIC) and J.D. Power's customer satisfaction and claim ratings.
Each insurance company maintains specific procedures for evaluating quotations. MoneyGeek’s methodology page offers additional insight into our research process.
MoneyGeek's Vermont Car Insurance Resources:
Best Car Insurance in Vermont for Customer Service
MoneyGeek's research found that Allstate is the best car insurance company for customer service in Vermont.
MoneyGeek ranked insurers in the state based only on user satisfaction and claims ratings.
The top two auto insurance companies are:
- Allstate: MoneyGeek score of 90 out of 100
- State Farm: MoneyGeek score of 87 out of 100
These are the best customer service providers in the state without considering policy cost in our analysis.
THE TOP TWO CAR INSURANCE COMPANIES IN VERMONT FOR SERVICE QUALITY
Allstate is the best insurer for customer service in Vermont, with high user satisfaction and claims ratings of 4.5 out of 5. It is tied second for financial stability.
Allstate allows you to add portable electronics and media coverage to your policy if you have comprehensive coverage. This add-on covers the loss of any tapes, compact discs or similar goods used with your car's sound system. With its deductible modification, you will receive a $100 discount on your deductible the day you sign up with Allstate. An additional $100 safe driving discount applies each year for a maximum of $500.
With Allstate, you can also get custom parts and equipment coverage as an optional feature. The custom equipment includes special carpeting, custom murals, graphics and height-extending roofs. We suggest directly asking the insurer for the full list of covered custom parts.
Allstate is an outstanding option if you're looking for a company that prioritizes customer service. In dire situations, it's best to work with an insurer that can process your claims efficiently.
The second-best auto insurance company for customer service in Vermont is State Farm. It has the highest financial stability and user satisfaction scores and is tied second for claims ratings.
Drivers can receive compensation for services like mechanical labor, towing, gasoline or battery delivery and tire replacement with State Farm's additional roadside assistance coverage. If you lose, misplace or lock your car key inside your vehicle, you can get up to an hour of free locksmith assistance.
State Farm also has rental car and travel reimbursement coverage that you can add to your policy. This coverage pays for travel costs such as meals, lodging and transportation. Depending on your chosen limits, you can get up to $500 and $500 in deductible repayment if you're held liable after a vehicular accident.
Additionally, State Farm policyholders can opt for rideshare insurance. Drivers for ridesharing companies like Uber and Lyft can get medical and emergency roadside assistance coverage.
Best Car Insurance in Vermont for Minimum Coverage
Vermont drivers on a budget will find Allstate as their best car insurance option.
MoneyGeek evaluated insurance companies that meet Vermont's state minimum coverage requirements and found that the top two insurance companies for drivers on a budget are:
- Allstate: MoneyGeek score of 88 out of 100 ($242 per year)
- State Farm: MoneyGeek score of 81 out of 100 ($346 per year)
Drivers on a tight budget can opt to buy basic minimum insurance as required by their state. This type of insurance, while inexpensive, may not provide adequate coverage. To help you get started, MoneyGeek determined companies that offer the cheapest minimum coverage car insurance in Vermont.
MoneyGeek’s Pick: Allstate
An affordable minimum coverage policy at an average of $242 per year
Discounts for bundling insurances, paying in full and paying your premiums responsibly
Excellent claims and user satisfaction score of 4.5 out of 5
No discount for insuring multiple cars
Individuals with clean driving records — no tickets or accidents in the last few years — can pay discounted premiums with Allstate. Bundling your home/condo or renters insurance with your Allstate insurance can qualify you for further discounts.
Customers who opt for paperless billing can save money through Allstate's eSmart program. Furthermore, drivers who have paid their premiums responsibly in the last year may receive additional discounts. The company offers discounts if you have certain vehicle safety features like airbags or an anti-lock brake system (ABS).
For Vermont customers looking for minimum coverage, it may help to know that Allstate auto insurance has advantages and disadvantages. For instance, while Allstate has affordable rates, multiple discount options and high ratings for customer service, it doesn't offer discounts for insuring multiple cars.
Best Car Insurance in Vermont for Young Drivers and Students
The best car insurance provider for a young driver or student in Vermont is Allstate. MoneyGeek evaluated auto insurance rates in Vermont for students in high school, college or individuals in their late teens or early 20s.
Based on our analysis, the top two picks are:
- Allstate: MoneyGeek score of 93 out of 100
- State Farm: MoneyGeek score of 75 out of 100
Insurance companies consider young drivers riskier to insure due to their lack of experience on the road. Fortunately, students and young drivers in Vermont can still purchase affordable car insurance with top-notch service. To help you save on your monthly expenses, MoneyGeek selected the cheapest car insurance in Vermont for young drivers and students.
MoneyGeek’s Pick: Allstate
The most affordable quotes for adding young drivers to a policy, at an average of $1,564 per year
Offers student, driver's education and distant student discounts
Good claims and user satisfaction ratings of 4.5 out of 5
Does not offer common discounts like multiple car or defensive driving
Insuring young drivers tends to be expensive. Fortunately, Allstate offers cheaper insurance with excellent service. Young and inexperienced individuals are likely to contact customer service more frequently than seasoned drivers. Therefore, this makes a company's customer service more important to these consumers.
Allstate offers discounts to students, as well. Full-time enrollees who earn good grades can pay reduced rates. These drivers can also save on their premiums by completing the teenSMART driving education course. Student policyholders who attend school more than 100 miles from where their car is parked also qualify for cheaper insurance rates.
According to MoneyGeek, Allstate is the best insurance company for first-time and new drivers and students. It offers young drivers the most affordable rates and provides discounts to distant students.
Best Car Insurance in Vermont for Seniors
MoneyGeek evaluated the best auto insurance companies in Vermont for seniors based on their affordability and customer service record. The two top-rated insurers:
- Allstate: MoneyGeek score of 87 out of 100 ($679 per year)
- GEICO: MoneyGeek score of 85 out of 100 ($678 per year)
These companies balanced both cost and service quality, thus garnering high scores according to MoneyGeek's scoring system. If you're seeking potential savings, MoneyGeek created a list of cheap auto insurance companies for seniors in Vermont.
MoneyGeek’s Pick: Allstate
A reasonably priced option for seniors at $679 per year
Provides coverage add-ons like new car replacement and gap insurance
Offers a senior driver discount
Perfect claims and customer satisfaction ratings
No multi-car discount
No defensive driving discount
Because car insurance rates are generally more expensive for seniors, you'll be happy to know that Allstate is a stellar option overall. Allstate balances excellent customer service and affordable premiums.
Policyholders may also supplement their existing policy with roadside assistance or rental car/travel reimbursement should they need extra coverage. Roadside assistance covers expenses for towing, replacing dead batteries, fixing flat tires and refilling empty gas tanks. Meanwhile, rental car/travel reimbursement covers the cost of renting a vehicle as long as it's a collision or comprehensive loss.
Senior citizens can take advantage of Allstate's special auto insurance discount. It's important to note that Allstate has its drawbacks. For instance, this insurer doesn't provide a defensive driving discount — an ideal cost-cutting option for seniors.
Best Car Insurance in Vermont for Bad Driving Records
Based on average rates, Allstate offers the best car insurance in Vermont if you have a history of traffic offenses, including at-fault accidents.
For individuals with bad driving records, the best insurers in Vermont are:
- Allstate: MoneyGeek score of 86 out of 100 ($867 per year)
- State Farm: MoneyGeek score of 85 out of 100 ($851 per year)
These top-rated companies prioritize customer service and offer affordable rates for drivers with an at-fault accident on their driving record. In case you need a headstart, MoneyGeek also examined the cheapest car insurance in Vermont for drivers with a DUI or bad record.
MoneyGeek’s Pick: State Farm
An affordable full-coverage policy for individuals with bad driving records, at an average of $867 per year
Offers roadside assistance, rental car reimbursement, accident forgiveness and new car replacement coverage
Satisfaction and claims ratings of 4.5 out of 5
Does not offer better car replacement coverage
Allstate offers the most affordable auto insurance for individuals with a poor driving record in Vermont — an annual average of $867. The company has excellent claims and a user satisfaction score of 4.5 out of 5.
Allstate offers the following discounts and coverages to customers with poor driving records:
- Roadside Assistance: This coverage reimburses costs for towing and labor if your car gets stranded on the road. Jumpstarts, flat tire repairs, delivering fuel and towing services are all included in this package.
- Rental Car Reimbursement: Allstate pays for transportation expenses like hiring a rental car if you experience a covered collision or comprehensive loss.
- New Car Replacement: With this coverage, Allstate can replace a vehicle two model years old or less with a new car.
- Accident Forgiveness: This additional coverage keeps your rates from increasing in case of an at-fault automobile accident.
Best Car Insurance in Vermont for a Military Background
For current and former military members in Vermont, USAA is the top car insurance provider, according to MoneyGeek. Across all categories, the company earned a perfect score of 100.
USAA costs an average of $160 annually for a miminum coverage policy. On average, individuals with a history of at-fault accidents pay roughly $534 per year.
MoneyGeek’s Pick: USAA
An affordable full coverage policy at an average of $534 per year
Claims and user satisfaction rating of 5 out of 5
Offers rideshare insurance coverage
Offers discounts for garaged cars
Only available for current and former military personnel and their families
Along with affordable insurance policies, USAA is known for its excellent customer service and strong reputation across the country.
USAA also delivers the following additional benefits to its policyholders:
- Rental Car or Travel Reimbursement: You can add this coverage at a premium to cover the cost of a rented car as your vehicle undergoes repairs after a covered loss.
- Rideshare Insurance: You can safeguard yourself with USAA's rideshare gap coverage while waiting for a ride request. For some customers, this coverage is available for as little as six dollars per month.
- Vehicle Storage Discount: If you store your vehicle in a garage, you can save on your premiums through discounts.
- Legacy Discount: A driver under 25 years old previously covered by their parent's USAA policies can receive a discount when purchasing their own policy.
Best Car Insurance in Vermont for Those With New Cars
Allstate has the top overall rating for drivers with new cars in Vermont, with a MoneyGeek score of 85 out of 100.
Owners of new cars may want policies that cover the cost of replacing their recently purchased vehicles. At an extra cost, new car replacement policies pay to replace a totaled car with a comparable brand and model during the first few years of ownership.
Additionally, insurance companies with better car replacement coverage allow you to purchase a newer model if your vehicle is totaled. Cars under five years old are usually eligible for this coverage, which costs more.
MoneyGeek’s Pick: Allstate
Low-cost policies at an average of $652 per year
Offers new car replacement coverage
Does not offer better replacement coverage
Allstate is one of the few companies in South Carolina that offers new car replacement coverage. This coverage is valuable for drivers with new cars, since it ensures that you will be reimbursed with a new model of your car in the event that your car is totaled in an accident.
Allstate’s new car replacement is available to drivers with cars that are less than two model years old. Normally, your car depreciates in value the moment you drive it off the lot, so an insurer isn’t obligated to provide you a replacement car of equivalent value unless you have this insurance.
Best Car Insurance in Vermont for Low-Mileage Drivers
The best pay-per-mile insurance program in Vermont is Nationwide SmartMiles. Several insurance providers across the country offer pay-per-mile insurance, which is becoming increasingly popular.
This program can benefit individuals who rarely drive their vehicles since it allows them to pay based on the miles they drive each year.
MoneyGeek’s Pick: Nationwide
Affordable policies for infrequent drivers
Claims rating of 4.5 and a customer satisfaction score of 4 out of 5
More expensive than a standard auto insurance policy for frequent drivers
Nationwide's SmartMiles program offers a fixed and variable rate, depending on total miles driven. This program tracks the first 250 miles of a road trip. Individuals who don't drive as often but occasionally travel via road trips can benefit from this coverage. Drivers with clean records may also receive discounts of up to 10%. Note that premiums may vary depending on how often you drive with SmartMiles.
An advantage of Nationwide is that it offers reasonably priced policies for individuals who don't drive often. However, it may not fit everyone's needs. MoneyGeek found that Nationwide's standard premiums are pricier for Vermont drivers who move around frequently.
How to Find the Best Car Insurance in Vermont For You
Drivers need to consider many factors to find the best car insurance in Vermont. Make sure to research financially sound insurance companies that offer affordable insurance plans and great customer service.
MoneyGeek ranked the top auto insurance companies in Vermont based on these factors. However, each driver should conduct their own research to identify their ideal provider.
Research customer service reputations in Vermont
To find the best car insurance companies in Vermont, MoneyGeek gathered quotes from several providers for a sample driver profile. In addition to MoneyGeek's recommendations, you can also refer to J.D. Power's ratings and the NAIC's complaint index to find Vermont's best insurance providers. The Vermont Department of Motor Vehicles website contains additional information about car insurance in the state.
Compare quotes for yourself
MoneyGeek researched insurance rates for a sample driver to assess the best insurance rates in Vermont. For a better picture of average prices and coverage in the state, compare quotes from at least three different insurers.
Make sure the company has the coverage you want in Vermont
Before buying auto insurance, check to see if each company offers the coverage, discounts or benefits for your unique circumstances. Some insurers do not specify whether their discounts or additional coverage are available for Vermont's residents.
Double-check financial stability ratings
Consider the company's financial standing before making a purchase. When it comes to paying claims, larger insurance companies have a better track record. Regional insurance companies may not process claims as quickly or fairly.
FAQs About the Best Car Insurance in Vermont
Multiple factors can affect the insurance rates in Vermont, including the amount of required coverage. MoneyGeek answered some frequently asked questions for a quick glimpse into Vermont’s car insurance details.
About Mark Fitzpatrick