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State Farm is the most affordable provider of minimum coverage car insurance policies in Vermont. Vermont Mutual and Concord Group also provide the cheapest rates for certain types of drivers.

Overall, the best auto insurance companies in Vermont balance service quality and cost.

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2023

Table of Contents

Cheapest Minimum Liability Car Insurance in Vermont (September 2023)

The cheapest car insurance providers for a minimum coverage policy in Vermont are:

  • State Farm: $201 per year
  • Vermont Mutual: $219 per year

GEICO has the priciest premiums in the state, costing around $394 annually.

Vermont law mandates that all drivers have basic insurance coverage, which includes bodily injury liability, property damage liability and uninsured/underinsured motorist coverage.

Company
Annual Premium
Monthly Premium

State Farm

$189

$16

State Farm

$201

$17

Vermont Mutual

$219

$18

Vermont Mutual

$219

$18

Allstate

$233

$19

State Farm

$235

$20

American Family

$242

$20

Allstate

$260

$22

American Family

$261

$22

Allstate

$264

$22

American Family

$307

$26

Progressive

$308

$26

Vermont Mutual

$332

$28

Concord Group

$341

$28

Concord Group

$342

$28

Progressive

$350

$29

Nationwide

$360

$30

GEICO

$361

$30

Nationwide

$370

$31

GEICO

$394

$33

Progressive

$406

$34

State Farm

$469

$39

Nationwide

$472

$39

Concord Group

$497

$41

Vermont Mutual

$514

$43

State Farm

$515

$43

Vermont Mutual

$523

$44

GEICO

$525

$44

State Farm

$640

$53

American Family

$689

$57

Nationwide

$708

$59

American Family

$717

$60

Concord Group

$726

$61

Concord Group

$727

$61

Allstate

$759

$63

Nationwide

$766

$64

Allstate

$784

$65

GEICO

$795

$66

Vermont Mutual

$816

$68

Progressive

$828

$69

Allstate

$862

$72

Progressive

$866

$72

American Family

$904

$75

GEICO

$915

$76

Nationwide

$920

$77

Concord Group

$995

$83

Progressive

$1,152

$96

GEICO

$1,173

$98

A minimum coverage policy only covers the damage or injury you cause others. Drivers who want coverage for the cost of damages to their car will need full coverage insurance — also called comprehensive and collision insurance.

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Cheapest Full Coverage Car Insurance in Vermont (September 2023)

Auto insurance companies that offer cheapest full coverage in the Green Mountain State are, on average:

  • Vermont Mutual: $514 per year
  • State Farm: $515 per year

GEICO has the most expensive full coverage premiums, roughly $915 per year. Full coverage insurance from Vermont Mutual costs $295 more per year than minimum coverage.

Full coverage gives drivers better financial protection. It typically covers damages from a hit-and-run driver, fire or vandalism.

Company
Annual Premium
Monthly Premium

State Farm

$189

$16

State Farm

$201

$17

Vermont Mutual

$219

$18

Vermont Mutual

$219

$18

Allstate

$233

$19

State Farm

$235

$20

American Family

$242

$20

Allstate

$260

$22

American Family

$261

$22

Allstate

$264

$22

American Family

$307

$26

Progressive

$308

$26

Vermont Mutual

$332

$28

Concord Group

$341

$28

Concord Group

$342

$28

Progressive

$350

$29

Nationwide

$360

$30

GEICO

$361

$30

Nationwide

$370

$31

GEICO

$394

$33

Progressive

$406

$34

State Farm

$469

$39

Nationwide

$472

$39

Concord Group

$497

$41

Vermont Mutual

$514

$43

State Farm

$515

$43

Vermont Mutual

$523

$44

GEICO

$525

$44

State Farm

$640

$53

American Family

$689

$57

Nationwide

$708

$59

American Family

$717

$60

Concord Group

$726

$61

Concord Group

$727

$61

Allstate

$759

$63

Nationwide

$766

$64

Allstate

$784

$65

GEICO

$795

$66

Vermont Mutual

$816

$68

Progressive

$828

$69

Allstate

$862

$72

Progressive

$866

$72

American Family

$904

$75

GEICO

$915

$76

Nationwide

$920

$77

Concord Group

$995

$83

Progressive

$1,152

$96

GEICO

$1,173

$98

The amount of car insurance you need will significantly impact your auto insurance quote. MoneyGeek outlined a sample full coverage policy with the following liability protection:

  • $100,000 bodily injury per person
  • $300,000 bodily injury per accident
  • $100,000 property damage per accident

Drivers who need to cut costs can remove comprehensive and collision coverage, opt for a lower liability limit or increase their deductible. The resulting coverage, however, may be inadequate if you’re in an accident.

How to Compare Cheap Vermont Car Insurance Quotes Online

Getting an auto insurance estimate online can take roughly 15 minutes. Insurance companies may also ask you to input personal information. Thus, the process can take time, especially if you want to compare premiums.

With MoneyGeek’s car insurance calculator, you can quickly get a quote without providing personal information. Just submit your driving record, age and gender to immediately receive an estimate. You can then start your research to find the cheapest car insurance.

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Cheapest Car Insurance in Vermont by Age (September 2023)

Age is one of the biggest factors affecting car insurance rates in Vermont. MoneyGeek found that Concord Group and State Farm offer the cheapest options on average, depending on what age group you and your family belong to.

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CHEAPEST CAR INSURANCE COMPANIES BY AGE

Cheapest for teens: Concord Group
Cheapest for young adults: State Farm
Cheapest for seniors: State Farm

Cheapest Car Insurance in Vermont for Teens and Their Families (September 2023)

In Vermont, the most affordable policies for teens on their family policy are:

  • Concord Group: $1,330 per year for male teens and State Farm: $1,177 per year for female teens
  • Nationwide: $1,392 per year for male teens and $1,197 per year for female teens

Progressive is the priciest option for those on their parent’s car insurance policy, costing around $2,136 per year for male teens and $1,960 per year for female teens.

As teens get older, their car insurance rates get lower. For 19-year-old males in Vermont, Statefarm ($1,120) offers them the cheapest car insurance rates.

Adding a teen to a family policy is cheaper than purchasing a separate one. A 16-year-old male Vermonter might spend roughly $3,245 per year on an individual policy. However, rates drop to an average of $1,751 per year if they are included in their family policy. That’s a staggering $1,494 difference.

Company
Family Plan Annual Premium
Individual Plan Annual Premium

GEICO

$424

$905

GEICO

$524

$1,119

State Farm

$539

$574

GEICO

$557

$1,190

State Farm

$602

$641

State Farm

$609

$649

State Farm

$657

$699

State Farm

$687

$843

State Farm

$691

$736

GEICO

$702

$1,059

Nationwide

$716

$962

Nationwide

$719

$880

Allstate

$724

$787

Nationwide

$728

$1,200

State Farm

$730

$777

GEICO

$734

$1,569

Nationwide

$750

$1,422

State Farm

$759

$808

Allstate

$773

$859

Concord Group

$782

$889

State Farm

$790

$969

Allstate

$795

$865

Allstate

$812

$883

Nationwide

$815

$998

Concord Group

$828

$986

Concord Group

$831

$944

State Farm

$832

$1,019

Allstate

$834

$988

GEICO

$843

$1,272

GEICO

$847

$1,278

Nationwide

$857

$1,150

State Farm

$861

$916

Nationwide

$866

$1,060

Allstate

$869

$945

GEICO

$876

$1,610

Concord Group

$880

$1,048

Concord Group

$888

$1,009

State Farm

$892

$1,095

State Farm

$901

$1,254

GEICO

$912

$1,787

Nationwide

$912

$1,225

Nationwide

$916

$1,122

Concord Group

$921

$1,157

Allstate

$922

$1,187

Allstate

$931

$1,035

Nationwide

$933

$1,539

Concord Group

$937

$1,116

Concord Group

$949

$1,078

Allstate

$950

$1,056

Concord Group

$978

$1,279

State Farm

$978

$1,198

Nationwide

$979

$1,315

Concord Group

$990

$1,244

Concord Group

$1,002

$1,193

Allstate

$1,020

$1,134

Nationwide

$1,023

$1,938

State Farm

$1,031

$1,435

Concord Group

$1,049

$1,531

Concord Group

$1,051

$1,375

Concord Group

$1,070

$1,344

GEICO

$1,094

$1,651

GEICO

$1,110

$2,176

Concord Group

$1,117

$1,688

Nationwide

$1,119

$2,185

State Farm

$1,120

$1,370

GEICO

$1,120

$3,207

Nationwide

$1,120

$1,848

Progressive

$1,132

$1,502

Concord Group

$1,134

$1,483

GEICO

$1,139

$2,094

Concord Group

$1,142

$1,667

State Farm

$1,145

$1,567

Progressive

$1,149

$1,112

Progressive

$1,156

$1,163

State Farm

$1,177

$1,637

Allstate

$1,194

$1,415

Nationwide

$1,197

$2,336

Nationwide

$1,197

$2,336

Concord Group

$1,215

$1,835

Allstate

$1,245

$1,475

Concord Group

$1,251

$1,827

GEICO

$1,263

$3,616

Progressive

$1,272

$1,231

GEICO

$1,284

$3,874

Nationwide

$1,290

$2,445

Nationwide

$1,301

$2,853

Progressive

$1,305

$1,313

State Farm

$1,308

$1,790

Concord Group

$1,330

$2,009

Progressive

$1,336

$1,813

GEICO

$1,337

$2,457

Allstate

$1,346

$1,592

Progressive

$1,351

$1,307

Nationwide

$1,392

$3,052

Nationwide

$1,392

$3,052

Allstate

$1,419

$1,826

Allstate

$1,429

$1,690

Progressive

$1,437

$1,390

Progressive

$1,437

$1,446

Allstate

$1,482

$1,908

State Farm

$1,490

$2,038

GEICO

$1,558

$3,055

GEICO

$1,567

$4,729

Progressive

$1,580

$2,097

Progressive

$1,581

$1,591

Allstate

$1,613

$2,058

GEICO

$1,631

$4,670

Allstate

$1,715

$2,188

Progressive

$1,729

$2,824

Allstate

$1,775

$2,099

Progressive

$1,802

$2,446

Progressive

$1,804

$2,394

Progressive

$1,939

$3,210

Progressive

$1,960

$3,202

Progressive

$1,995

$3,259

GEICO

$2,025

$6,110

Progressive

$2,063

$2,800

Allstate

$2,135

$2,724

Progressive

$2,136

$3,537

Progressive

$2,182

$3,613

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MONEYGEEK EXPERT TIP

On average, car insurance rates for male teens tend to be significantly more expensive than for female teens. This rate difference is not as notable when drivers reach their 20s and beyond.

Many insurers offer discounts tailored to young drivers. Allstate, Progressive and State Farm offer good and distant student discounts, whereas GEICO and Nationwide just give lower rates to students with good marks.

Cheapest Car Insurance in Vermont for Young Adults (September 2023)

Vermonters in their 20s might secure the most affordable full coverage rates with the following carriers:

  • State Farm: $640 per year
  • Vermont Mutual: $816 per year

GEICO is the priciest option at $1,173 per year, on average. Younger drivers pay roughly $125 more per year for a full coverage policy than their middle-aged counterparts.

Company
Annual Premium
Monthly Premium

State Farm

$189

$16

State Farm

$201

$17

Vermont Mutual

$219

$18

Vermont Mutual

$219

$18

Allstate

$233

$19

State Farm

$235

$20

American Family

$242

$20

Allstate

$260

$22

American Family

$261

$22

Allstate

$264

$22

American Family

$307

$26

Progressive

$308

$26

Vermont Mutual

$332

$28

Concord Group

$341

$28

Concord Group

$342

$28

Progressive

$350

$29

Nationwide

$360

$30

GEICO

$361

$30

Nationwide

$370

$31

GEICO

$394

$33

Progressive

$406

$34

State Farm

$469

$39

Nationwide

$472

$39

Concord Group

$497

$41

Vermont Mutual

$514

$43

State Farm

$515

$43

Vermont Mutual

$523

$44

GEICO

$525

$44

State Farm

$640

$53

American Family

$689

$57

Nationwide

$708

$59

American Family

$717

$60

Concord Group

$726

$61

Concord Group

$727

$61

Allstate

$759

$63

Nationwide

$766

$64

Allstate

$784

$65

GEICO

$795

$66

Vermont Mutual

$816

$68

Progressive

$828

$69

Allstate

$862

$72

Progressive

$866

$72

American Family

$904

$75

GEICO

$915

$76

Nationwide

$920

$77

Concord Group

$995

$83

Progressive

$1,152

$96

GEICO

$1,173

$98

Cheapest Car Insurance in Vermont for Seniors (September 2023)

Senior drivers in the Green Mountain State can find the cheapest full coverage policies with the following providers:

  • State Farm: $469 per year
  • Vermont Mutual: $523 per year

A full coverage policy with Progressive costs $828 annually, making it the priciest option. Senior Vermonters pay $46 more for full coverage than middle-aged drivers. Rates tend to increase as drivers reach their 70s and 80s.

Company
Annual Premium
Monthly Premium

State Farm

$189

$16

State Farm

$201

$17

Vermont Mutual

$219

$18

Vermont Mutual

$219

$18

Allstate

$233

$19

State Farm

$235

$20

American Family

$242

$20

Allstate

$260

$22

American Family

$261

$22

Allstate

$264

$22

American Family

$307

$26

Progressive

$308

$26

Vermont Mutual

$332

$28

Concord Group

$341

$28

Concord Group

$342

$28

Progressive

$350

$29

Nationwide

$360

$30

GEICO

$361

$30

Nationwide

$370

$31

GEICO

$394

$33

Progressive

$406

$34

State Farm

$469

$39

Nationwide

$472

$39

Concord Group

$497

$41

Vermont Mutual

$514

$43

State Farm

$515

$43

Vermont Mutual

$523

$44

GEICO

$525

$44

State Farm

$640

$53

American Family

$689

$57

Nationwide

$708

$59

American Family

$717

$60

Concord Group

$726

$61

Concord Group

$727

$61

Allstate

$759

$63

Nationwide

$766

$64

Allstate

$784

$65

GEICO

$795

$66

Vermont Mutual

$816

$68

Progressive

$828

$69

Allstate

$862

$72

Progressive

$866

$72

American Family

$904

$75

GEICO

$915

$76

Nationwide

$920

$77

Concord Group

$995

$83

Progressive

$1,152

$96

GEICO

$1,173

$98

Several auto insurance providers in Vermont have discounts for seniors: Allstate, American Family and GEICO. Note that age isn't the only factor influencing premiums, so comparing multiple carriers can help you find the cheapest option.

Cheapest Car Insurance for Higher Risk Drivers (September 2023)

Drivers with a violation on their record typically pay higher premiums. State Farm is the cheapest provider for those with a ticket or DUI, whereas Vermont Mutual is a low-cost option for those with an at-fault accident on their records.

CHEAPEST CAR INSURANCE COMPANIES FOR HIGHER RISK DRIVERS

Cheapest after a ticket: State Farm ($550 per year)
Cheapest after an accident: Vermont Mutual ($523 per year)
Cheapest after a DUI: State Farm ($550 per year)
Cheapest for poor credit: Concord Group ($1,042 per year)
Cheapest for sports cars: State Farm ($624 per year)

Cheapest Car Insurance in Vermont After a Ticket

Drivers with a speeding ticket can get the cheapest auto insurance from companies like:

  • State Farm: $550 per year
  • Vermont Mutual: $689 per year

With an annual rate of $1,203, Progressive stands out as the priciest carrier in the state. We found that people with a ticket pay around $162 more yearly for a full coverage policy.

Company
Annual Premium
Monthly Premium

State Farm

$206

$17

State Farm

$217

$18

State Farm

$257

$21

Allstate

$259

$22

Vermont Mutual

$282

$24

Vermont Mutual

$282

$24

Allstate

$290

$24

Allstate

$294

$24

American Family

$305

$25

American Family

$332

$28

Concord Group

$381

$32

Concord Group

$384

$32

Vermont Mutual

$397

$33

American Family

$401

$33

GEICO

$423

$35

Progressive

$436

$36

Nationwide

$438

$36

Nationwide

$453

$38

Progressive

$474

$40

GEICO

$483

$40

Progressive

$508

$42

State Farm

$510

$43

Nationwide

$534

$45

State Farm

$550

$46

Concord Group

$559

$47

GEICO

$612

$51

Vermont Mutual

$689

$57

Vermont Mutual

$689

$57

State Farm

$697

$58

Concord Group

$815

$68

Concord Group

$825

$69

Nationwide

$835

$70

Allstate

$867

$72

Allstate

$899

$75

Nationwide

$899

$75

GEICO

$927

$77

American Family

$936

$78

American Family

$975

$81

Vermont Mutual

$982

$82

Allstate

$989

$82

GEICO

$1,076

$90

Nationwide

$1,078

$90

Concord Group

$1,122

$93

Progressive

$1,203

$100

American Family

$1,257

$105

Progressive

$1,272

$106

GEICO

$1,368

$114

Progressive

$1,466

$122

Cheapest Car Insurance in Vermont After an Accident

Following an at-fault accident, the cheapest auto insurance options in Vermont are:

  • Vermont Mutual: $523 per year
  • State Farm: $594 per year

GEICO remains the most expensive option, costing roughly $1,592 per year. Drivers with an at-fault accident on their record tend to pay an average of $326 more annually.

Company
Annual Premium
Monthly Premium

Vermont Mutual

$219

$18

Vermont Mutual

$219

$18

State Farm

$223

$19

State Farm

$235

$20

State Farm

$279

$23

American Family

$299

$25

Allstate

$311

$26

Vermont Mutual

$332

$28

American Family

$337

$28

Allstate

$349

$29

Allstate

$356

$30

American Family

$383

$32

Concord Group

$487

$41

Concord Group

$491

$41

Vermont Mutual

$523

$44

Vermont Mutual

$523

$44

Nationwide

$528

$44

Nationwide

$547

$46

State Farm

$550

$46

Progressive

$558

$46

State Farm

$594

$50

Progressive

$616

$51

Progressive

$639

$53

Nationwide

$644

$54

GEICO

$647

$54

GEICO

$708

$59

Concord Group

$720

$60

State Farm

$754

$63

Vermont Mutual

$816

$68

GEICO

$837

$70

American Family

$898

$75

American Family

$969

$81

Allstate

$1,013

$84

Nationwide

$1,042

$87

Concord Group

$1,053

$88

Allstate

$1,058

$88

Concord Group

$1,066

$89

Nationwide

$1,121

$93

Allstate

$1,155

$96

American Family

$1,172

$98

Nationwide

$1,297

$108

GEICO

$1,443

$120

Concord Group

$1,457

$121

Progressive

$1,551

$129

GEICO

$1,592

$133

Progressive

$1,635

$136

Progressive

$1,847

$154

GEICO

$1,884

$157

Cheapest Car Insurance in Vermont After a DUI

On average, the cheapest car insurance companies for drivers with a DUI are the following:

  • State Farm: $550 per year
  • Allstate: $1,026 per year

GEICO offers the most expensive policy at an average of $2,646 per year. If a driver is convicted of a DUI, annual rates can increase by $742.

Company
Annual Premium
Monthly Premium

State Farm

$206

$17

State Farm

$217

$18

State Farm

$257

$21

Allstate

$310

$26

Allstate

$349

$29

Allstate

$353

$29

Progressive

$384

$32

Progressive

$423

$35

American Family

$427

$36

Progressive

$456

$38

American Family

$472

$39

State Farm

$510

$43

Concord Group

$547

$46

State Farm

$550

$46

Concord Group

$552

$46

American Family

$576

$48

Nationwide

$647

$54

Vermont Mutual

$653

$54

Vermont Mutual

$653

$54

Nationwide

$666

$56

State Farm

$697

$58

Vermont Mutual

$752

$63

Nationwide

$763

$64

Concord Group

$810

$68

Allstate

$1,026

$86

Progressive

$1,036

$86

Allstate

$1,069

$89

GEICO

$1,101

$92

Progressive

$1,128

$94

GEICO

$1,167

$97

Allstate

$1,172

$98

Concord Group

$1,187

$99

Concord Group

$1,201

$100

Nationwide

$1,283

$107

Progressive

$1,291

$108

American Family

$1,362

$113

Nationwide

$1,362

$113

GEICO

$1,381

$115

American Family

$1,426

$119

Nationwide

$1,538

$128

Concord Group

$1,641

$137

American Family

$1,858

$155

GEICO

$2,480

$207

Vermont Mutual

$2,507

$209

Vermont Mutual

$2,507

$209

GEICO

$2,646

$221

Vermont Mutual

$2,896

$241

GEICO

$3,127

$261

Cheapest Car Insurance in Vermont for Drivers With Poor Credit (September 2023)

The most affordable auto insurance policies for those with poor credit are:

  • Concord Group: $1,042 per year
  • Nationwide: $1,057 per year

State Farm is the most expensive option in Vermont, costing $1,640 per year.

Your credit score is one of the main factors insurers examine to compute your rates. In the Green Mountain State, drivers with poor credit (below 580) usually pay $608 more each year than those with good credit (750 and above).

Company
Annual Premium
Monthly Premium

Allstate

$1,282

$107

Nationwide

$1,307

$109

Concord Group

$1,425

$119

Vermont Mutual

$1,943

$162

GEICO

$1,959

$163

Progressive

$1,998

$167

American Family

$2,015

$168

State Farm

$2,101

$175

Allstate

$363

$30

Nationwide

$650

$54

American Family

$688

$57

Progressive

$689

$57

Concord Group

$702

$58

State Farm

$749

$62

Vermont Mutual

$768

$64

GEICO

$877

$73

Concord Group

$1,042

$87

Nationwide

$1,057

$88

Allstate

$1,124

$94

Vermont Mutual

$1,232

$103

GEICO

$1,463

$122

American Family

$1,468

$122

Progressive

$1,586

$132

State Farm

$1,640

$137

Allstate

$323

$27

Concord Group

$482

$40

Vermont Mutual

$494

$41

American Family

$505

$42

Nationwide

$517

$43

Progressive

$583

$49

State Farm

$624

$52

GEICO

$656

$55

Nationwide

$965

$80

Concord Group

$1,030

$86

Allstate

$1,165

$97

Vermont Mutual

$1,232

$103

GEICO

$1,260

$105

Progressive

$1,447

$121

State Farm

$1,510

$126

American Family

$1,551

$129

Allstate

$371

$31

Concord Group

$478

$40

Vermont Mutual

$494

$41

Nationwide

$496

$41

Progressive

$526

$44

American Family

$562

$47

GEICO

$573

$48

State Farm

$591

$49

Because individuals with poor credit have a higher likelihood of filing claims, their premiums are usually more expensive. This practice isn’t legal in some states, but Vermont law allows it.

Improve your credit standing to get a more affordable rate. Another way to cut down on expenses is to maximize common discounts and weigh different insurer options.

Cheapest Car Insurance in Vermont for Sports Cars (September 2023)

Sports car owners may find the most affordable quotes with the following providers:

  • State Farm: $624 per year
  • American Family: $748 per year

With Progressive, full coverage auto insurance can cost roughly $1,174 annually. MoneyGeek determined that rates are higher for sports car drivers since repairs and replacements cost more.

The cost to insure a Toyota Camry LE is $193 cheaper than the cost to cover a sports car.

Company
Annual Premium
Monthly Premium

State Farm

$189

$16

State Farm

$201

$17

Vermont Mutual

$219

$18

Vermont Mutual

$219

$18

Allstate

$233

$19

State Farm

$235

$20

American Family

$242

$20

Allstate

$260

$22

American Family

$261

$22

Allstate

$264

$22

American Family

$307

$26

Progressive

$308

$26

Vermont Mutual

$332

$28

Concord Group

$341

$28

Concord Group

$342

$28

Progressive

$350

$29

Nationwide

$360

$30

GEICO

$361

$30

Nationwide

$370

$31

GEICO

$394

$33

Progressive

$406

$34

Nationwide

$472

$39

Concord Group

$497

$41

GEICO

$525

$44

State Farm

$576

$48

State Farm

$624

$52

American Family

$748

$62

American Family

$779

$65

Concord Group

$787

$66

Concord Group

$797

$66

State Farm

$804

$67

Nationwide

$818

$68

Nationwide

$902

$75

GEICO

$975

$81

Progressive

$989

$82

American Family

$991

$83

Allstate

$999

$83

Allstate

$1,017

$85

Nationwide

$1,082

$90

Concord Group

$1,083

$90

Allstate

$1,139

$95

GEICO

$1,139

$95

Progressive

$1,174

$98

GEICO

$1,448

$121

Progressive

$1,571

$131

Our analysis used a Ford Mustang as a sample sports car. Note that your final quote will depend on your car model. Unless you have a sports, electric or luxury vehicle, the model of your car won’t significantly impact your rates.

Cheapest Car Insurance in Vermont for Military Drivers (September 2023)

USAA is the cheapest auto insurance provider for those with a military background. Its policies cost $472 per year. The carrier is available nationwide and caters specifically to active military members, veterans and eligible military families.

mglogo
MoneyGeek Top Pick
USAA
  • $472 per year

USAA offers bundling, good student, multiple car and safe driving discounts to its policyholders.

Car Insurance in Vermont: What You Need to Know

Vermont law requires that drivers have minimum car insurance requirements, which include bodily injury and property damage liability. Drivers also need uninsured/underinsured motorist coverage, which other states usually don’t require. Ensure that you’re sufficiently protected by understanding how much auto insurance you need.

Vermont Car Insurance Requirements

Drivers are only required to purchase Vermont’s minimum insurance coverage (bodily injury liability, property damage liability, plus uninsured/underinsured motorist coverage). Although it’s cheaper to purchase just the state minimum coverage, expenses may skyrocket if you’re in an accident.

Vermont requires SR-22 insurance for drivers with repeated or severe driving violations, which may result in pricier premiums and increased coverage mandates.

  • male icon

    Bodily Injury Liability

    Drivers who cause a vehicular accident must cover the medical expenses of anyone injured. Vermont drivers must have $25,000 in bodily injury liability per person and $50,000 in bodily injury liability per accident. Beyond these limits, drivers must pay out of pocket.

  • accident2 icon

    Property Damage Liability

    This covers the cost of repairs for another car or property (house wall, fence or post). The state’s limit is $10,000 in property damage liability per accident.

  • carInsurance icon

    Uninsured/Underinsured Motorist Coverage

    The Vermont limit for uninsured/underinsured motorist coverage is $50,000 per person and $100,000 per accident. Property damage for uninsured/underinsured motorists is $10,000 per accident.

Drivers can get more extensive protection by increasing limits to $100,000 in bodily injury liability insurance per person, as well as $300,000 in bodily injury liability insurance and $100,000 in property damage insurance per accident.

Comprehensive insurance pays for off-road damages like animal damage, natural disasters and theft. Collision insurance protects against expenses if a driver crashes into another vehicle or hits a tree.

Car Insurance Alternatives in Vermont

The Green Mountain State offers drivers ways to operate a vehicle legally without the required minimum coverage.

According to the Vermont Department of Motor Vehicles, drivers can obtain Financial Responsibility Insurance. This option provides liability insurance coverage for an individual (as opposed to the usual coverage for both an individual and a vehicle). With Financial Responsibility Insurance, drivers don't necessarily need to own their vehicle. Thus, it's an ideal option for drivers who often rent cars or those who work for ride-sharing companies.

Alternatively, Vermonters can pay a $115,000 bond or deposit to the state instead of purchasing minimum auto insurance. This guarantees drivers can provide monetary compensation to others if involved in an accident.

FAQs About Car Insurance in Vermont

It’s normal for drivers to ask questions about car insurance affordability and quality since it’s an important investment. MoneyGeek answers frequently asked questions about auto insurance in Vermont.

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.

  1. How does the Vermont Department of Financial Regulation act as a resource for consumers in regard to auto insurance? And home insurance?
  2. What are the key factors drivers in Vermont should look for when searching for the best auto insurance coverage?
  3. What steps can drivers in Vermont take to find affordable car insurance?
  4. What resources does the Vermont Department of Financial Regulation have for consumers?
David Raleigh
David Raleigh
Dr. Jeanette Landin
Dr. Jeanette Landin

Associate Professor at Landmark College

Kevin Gaffney
Kevin Gaffney

Deputy Commissioner of Insurance at the Vermont Department of Financial Regulation

Steven Pecsok
Steven Pecsok

Assistant Professor of Economics at Middlebury College

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick is a senior content director at MoneyGeek with over five years of experience analyzing the insurance market, conducting original research and creating content that can be personalized for every buyer. He has been quoted on insurance topics in several publications, including CNBC, NBC News and Mashable.

Mark 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 economics and insurance knowledge to bring transparency around financial topics and help others feel confident in their money moves.


sources
  • Vermont Department of Motor Vehicles. "Insurance." Accessed December 15, 2022.