The Cheapest Car Insurance in Vermont for 2022
Vermont Mutual offers the cheapest car insurance in Vermont, with a minimum coverage policy costing around $155 per year.
We carefully analyzed and reviewed car insurance rates in Vermont to find the cheapest option for various driver profiles. While Vermont Mutual is the cheapest for most people, young drivers and those with bad credit might find lower rates with Allstate. MoneyGeek suggests comparing quotes from different providers because this could save you roughly $783 annually.
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The Cheapest Car Insurance in Vermont
If you want an even more local cost estimate, MoneyGeek broke down the cheapest car insurance companies in Vermont by city. We also listed our top picks for the best car insurance companies in Vermont for those looking for a balance of customer service and cost.
Why Trust MoneyGeek? Vermont car insurance rates in this study are based on our analysis of data and information from the Vermont Department of Insurance and Quadrant Information Services.
These rates were updated in August 2022 to reflect how car insurance rates in Vermont have changed up to this month.
Cheapest Minimum Liability Car Insurance in Vermont
The most affordable auto insurance coverage in Vermont is a minimum liability policy. This policy meets the minimum car insurance requirements of the state but provides limited protection to Vermont drivers.
According to MoneyGeek’s findings, on average, the most affordable companies in Vermont for minimum liability coverage are:
- Vermont Mutual: $155 per year
- Allstate: $182 per year
USAA has an even lower average rate of $120 per year, but its policy is only available to military personnel and their families. The insurer with the highest rate for minimum liability insurance in Vermont is Progressive, costing $496 per year on average.
CHEAPEST MINIMUM CAR INSURANCE IN VERMONT
These prices are only estimates based on rates for an average Vermont driver and should not be used to compare insurance prices.
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Cheapest Full Coverage Car Insurance in Vermont
A full coverage car insurance policy has comprehensive and collision insurance, covering on-road and off-road accident damage to your car, and often higher liability limits. That’s why it is more costly than minimum liability insurance.
Based on MoneyGeek’s research, on average, the cheapest companies for full coverage in Vermont are:
- Vermont Mutual: $360 per year
- Allstate: $489 per year
If you’re in a military family, USAA’s $292 average annual rate is the most affordable option. Progressive has the highest car insurance rate for full coverage in the state, with an average cost of $1,075 per year.
CHEAPEST FULL COVERAGE CAR INSURANCE IN VERMONT
Your car insurance costs may vary from the above figures depending on factors like age and driving history. These costs represent a policy with comprehensive and collision coverage of $100,000 in bodily injury liability per person, $300,000 in bodily injury coverage per accident and $100,000 in property damage per accident.
How to Compare Cheap Vermont Car Insurance Quotes Online
Most car insurance companies in Vermont allow customers to request accurate quotes through their websites easily.
- While looking for the best car insurance rates, specify consistent limits to all the potential providers. For example, if you ask for a quote for a policy with $50,000 in bodily liability insurance per accident from one provider, use the same amount for quotes from other providers.
- Use MoneyGeek’s car insurance calculator to get a quote estimate. If you want a personalized quote, you’ll have to enter more information. Alternatively, you can use MoneyGeek’s price study to identify the cheapest companies to contact for a quote.
- Based on MoneyGeek's findings, Vermont's cheapest car insurance providers are USAA, Vermont Mutual and Allstate
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Cheapest Car Insurance in Vermont for Young Drivers
Young drivers pay a higher premium for car insurance due to their inexperience behind the wheel. The average cost of car insurance for a 16-year-old in Vermont is $1,680 per year, while for a 25-year-old, it’s around $700 per year.
Vermont's cheapest company for young drivers, aged between 16-24 years, for full coverage is Allstate. For 25-year-olds, the cheapest full coverage insurance is offered by GEICO at around $525 per year.
ANNUAL CAR INSURANCE IN VERMONT FOR YOUNG DRIVERS
Teenage drivers in Vermont are considered riskier to insure, which their auto insurance premium reflects, with a 16-year-old driver paying around $817 more than a 25-year-old driver. To save on costs, it’s a good idea to ask companies about discounts for students or young drivers when getting your quote.
It’s important to understand that a variety of factors can impact your rate as a young driver, including your driving record, how long you’ve been a licensed driver and the type of car you drive.
Cheapest Car Insurance in Vermont for Seniors
Senior drivers in Vermont pay slightly less for full coverage car insurance than middle-aged drivers, which is rare nationwide. They pay an average of $602 per year, compared to the $609 paid by an average 40-year-old driver.
On average, the most affordable auto insurance companies for senior drivers in Vermont with full coverage are:
- Vermont Mutual: $360 per year
- GEICO: $509 per year
If you are a member of a military family, USAA's $316 average annual rate for seniors is your most affordable option.
CHEAPEST CAR INSURANCE RATES FOR SENIORS
Insurance companies tend to view senior drivers as a higher-risk group due to common physical obstacles that come with age (such as poorer vision, reflexes and attention). In the hopes of protecting drivers of all ages, the Vermont DMV conducts driver re-examination tests for mature drivers on a requested basis to assess the capabilities of older drivers.
Senior drivers in Vermont may find the best rates by comparing quotes. That could allow them to save around $740 on their annual premium when comparing what Vermont Mutual charges to what Progressive charges.
Cheapest Car Insurance for Drivers With Tickets in Vermont
Vermont drivers with a minor traffic violation, such as a speeding ticket, pay more for car insurance. A driver in Vermont with a speeding ticket pays $723 per year on average for full coverage, while a driver without a ticket pays around $609.
On average, the cheapest companies for drivers with a speeding ticket and full coverage in Vermont are:
- Vermont Mutual: $427 per year
- Allstate: $557 per year
USAA is the cheapest insurance option for military-affiliated drivers with a speeding ticket; its average rate is $330 annually.
AVERAGE CAR INSURANCE RATES WITH A TICKET
According to the National Highway Traffic Safety Administration (NHTSA), distracted driving resulted in 60 crashes in the state of Vermont in 2018. If you find yourself searching for affordable car insurance after a distracted driving or speeding ticket, know that your rates will likely increase. Finding cheap insurance for drivers with a ticket can be done by comparing quotes with more than one of the top-rated auto insurance companies in Vermont. The above table illustrates estimates of what Vermont residents can expect to pay if they’re penalized for speeding or distracted driving.
A traffic violation will impact your rates, especially if your distracted driving causes an accident, but for how long depends on your insurance provider and your driving record before the incident. A citation from distracted driving can make you a higher-risk driver, which will impact your monthly premiums. Compare car insurance quotes from multiple providers to find the best rates after a citation.
Cheapest Car Insurance for Drivers With a DUI in Vermont
Drivers with serious traffic offenses like driving under the influence (DUI) are riskier to insure in Vermont and pay higher car insurance costs. They are also often required to file an SR-22. The average full coverage auto insurance cost for a driver without a DUI is $609 per year in Vermont, while a driver with a DUI pays around $1,114.
On average, the cheapest car insurance companies for drivers with a DUI and full coverage in Vermont are:
- State Farm: $588 per year
- Allstate: $659 per year
USAA has the lowest rate for military drivers with a DUI, with an average cost of $569 per year.
AVERAGE CAR INSURANCE RATES WITH A DUI
On top of the risk of jail time, a DUI can impact your car insurance rate for years. But comparing quotes from multiple insurers can help you find the best rate. For example, you could save around $929 annually by choosing State Farm over GEICO. State Farm is known as a top insurance company for high-risk drivers in Vermont.
Cheapest in Vermont for Drivers With an At-Fault Accident
Getting into an at-fault accident in Vermont results in paying more for auto insurance. On average, an at-fault accident on a driver’s record makes a full coverage auto insurance policy cost $869 per year.
The cheapest full coverage car insurance for drivers with an at-fault accident in Vermont are:
- Vermont Mutual: $360 per year
- State Farm: $638 per year
If you’re eligible because of a military background, you can choose USAA, one of the cheapest options at an average cost of $401 per year for drivers with an at-fault accident on their record in Vermont.
CHEAPEST CAR INSURANCE WITH AN AT-FAULT ACCIDENT
Cheapest Car Insurance in Vermont for Drivers With Bad Credit
Vermont drivers with bad credit scores pay more for car insurance than those with good scores. The average cost of full coverage car insurance for a driver with a poor credit score is $1,083 per year, almost double what a driver with a good score pays — around $609 per year.
MoneyGeek established that, on average, the most affordable insurers for drivers with a bad credit score and full coverage in Vermont are:
- Allstate: $715 per year
- Concord Group: $715 per year
If you're in a military family, USAA is the cheapest for Vermont residents with bad credit scores, averaging $528 annually.
CHEAPEST CAR INSURANCE RATES FOR DRIVERS WITH BAD CREDIT
Your credit score shows insurers how financially responsible you are, so a bad score leads an insurance provider to set a higher premium to protect themselves from financial losses. Educate yourself on how to improve your credit score to get a better car insurance rate in Vermont.
For now, compare quotes. MoneyGeek found that Allstate, costing an average of $715 annually, is over $1,000 cheaper than Progressive for bad credit Vermont drivers getting full coverage.
Cheapest Car Insurance in Vermont for Military Drivers
USAA has the cheapest car insurance in Vermont for military-affiliated drivers, costing an average of $120 per year for minimum coverage. It is $35 cheaper than the second most affordable company, Vermont Mutual, which is open to all drivers.
USAA offers its insurance products exclusively to active-duty military members, veterans and their families.
- Average rate: $120 per year
- Ranks cheapest out of eight insurers
USAA is the most affordable option for military members and veterans in Vermont. It has an average insurance rate of $120 per year for minimum liability coverage.
Eligible policyholders can further save money with USAA auto insurance discounts. For example, you can get a lower insurance premium by bundling policies, insuring multiple cars, completing a driver’s education course or sticking with USAA for a certain period.
Cheapest Car Insurance in Vermont by City
The city you live in can significantly impact your car insurance costs. For example, Burlington is the cheapest city in Vermont, with an average car insurance cost of $812 per year for a full coverage policy.
You can find out more information about insurance in your area by clicking your city below.
AVERAGE INSURANCE RATE BY CITY IN VERMONT
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Car Insurance in Vermont: What You Need to Know
Below, MoneyGeek lists the important details about car insurance in Vermont.
Vermont Insurance Requirements
Proof of Insurance in Vermont
Vermont doesn't require insurance proof when registering a car at the DMV. But if the police pull you over, you need to show proof of insurance or another document proving financial responsibility.
Minimum Liability Insurance Requirements in Vermont Vermont requires that drivers get liability insurance to cover third-party injuries and property damage. The cheapest auto policy you can get includes:
- $25,000 for bodily injury or death per person
- $50,000 for bodily injury or death per accident
- $10,000 for property damage
Vermont also requires uninsured/underinsured motorist coverage:
- $50,000 for bodily injury per person
- $100,000 for bodily injury per accident
- $10,000 for property damage
However, these state-mandated limits are generally considered insufficient. Most financial experts recommend buying a policy with higher limits.
Alternatives to Insurance in Vermont
Vermont drivers who don’t want to purchase cheap auto insurance can pay a $115,000 bond or deposit to the state as an alternative to make sure they can compensate others if they are involved in an accident.
How Much Coverage Do You Need in Vermont?
Experts and consumer groups urge drivers to get liability coverage of $100,000 per person for bodily injury and $300,000 per accident.
Additionally, you may want to consider collision and comprehensive coverage (full coverage policy) if you have a fairly new car. That covers damage to your vehicle because of a traffic accident or weather and theft.
High-Risk Insurance Program in Vermont
High-risk drivers, such as those with a DUI or multiple traffic violations, can choose from several insurers in Vermont that provide cheap high-risk coverage, including State Farm, Esurance, GEICO, The Hartford and Travelers.
FAQs About Car Insurance in Vermont
The most common questions about car insurance in Vermont are often centered around costs and coverage limits. Some that you may come across include:
Expert Advice on Finding Cheap Car Insurance in Vermont
To help you find credible and accurate insight on car insurance in Vermont, MoneyGeek received expert advice from trusted professionals. The perspectives and opinions expressed are those of the individual contributor.
- How does the Vermont Department of Financial Regulation act as a resource for consumers in regard to auto insurance? And home insurance?
- What are the key factors drivers in Vermont should look for when searching for the best auto insurance coverage?
- What steps can drivers in Vermont take to find affordable car insurance?
- What resources does the Vermont Department of Financial Regulation have for consumers?
Deputy Commissioner of Insurance at the Vermont Department of Financial Regulation
Assistant Professor of Economics at Middlebury College
Associate Professor at Landmark College
About the Author
- Governing: The Future of States and Localities. "Military Active-Duty Personnel, Civilians by State." Accessed March 7, 2020.
- National Association of Insurance Commissioners. "2018 Market Share Reports." Accessed March 7, 2020.
- United States Census Bureau. "Vermont Veteran Statistics." Accessed March 7, 2020.