Best Cheap Car Insurance Companies for High-Risk Drivers in Vermont

Individuals with a history of traffic violations, speeding tickets or a DUI are classified as high-risk drivers by auto insurance companies. As a result, their auto insurance premiums are often higher than the average driver with a clean driving record. To get the best rates, MoneyGeek recommends shopping around and comparing quotes.

In Vermont, you are likely to find top-quality high-risk car insurance at competitive rates with State Farm at around $806 per year. This provider received high ratings for affordability, stability, claims and customer satisfaction.

When compared to the average driver, high-risk drivers file more insurance claims. They usually have multiple citations, one or more car accidents in the past three years, poor credit or a DUI conviction. New and young drivers are also classified as high-risk due to their inexperience.

Auto insurance premiums can be significantly higher for high-risk drivers than for those with clean records. Vermont high-risk drivers, for instance, pay 26% more for auto insurance than the average driver.

MoneyGeek examined several Vermont insurance carriers to identify the most affordable provider in the state. According to MoneyGeek, State Farm is the cheapest insurer, costing an average of $806 per year.

In our comprehensive study of State Farm auto insurance, MoneyGeek looks at its benefits, drawbacks, rates and service quality.

According to MoneyGeek’s data, State Farm is the best insurance company in Vermont for high-risk drivers. The company received a MoneyGeek score of 96 out of 100. MoneyGeek's in-depth State Farm review assessed the company's pros, cons, coverage, rates and customer service.

Allstate is Vermont's second-best insurer for high-risk drivers, scoring 94 out of 100. MoneyGeek also analyzed Allstate's offerings, including rates, service quality, complaint rates and available discounts.

The cheapest car insurance for drivers with a DUI is from State Farm at roughly $784 per year. Read MoneyGeek's State Farm review to learn more information about this provider.

If you are a military member or relative, MoneyGeek found that USAA is the cheapest option for high-risk auto insurance for those who qualify.

Nationwide is the cheapest provider for young drivers at $2,894 per year. Rates may vary depending on age. For example, the difference in premiums for a 16- and 19-year-old driver may adjust by about 15%.

Teenagers are classified as high-risk drivers by insurance companies due to their inexperience. Auto insurance companies predict they’re more likely to be involved in traffic violations and accidents. MoneyGeek's Nationwide review provides more details about its auto insurance coverage.

Allstate is the cheapest auto insurance carrier for Vermont drivers with poor credit. An annual premium averages $953. MoneyGeek’s guide on Allstate car insurance analyzes the provider's pros, cons, rates and service quality.

Insurance companies often look at a driver's record and profile to determine rates. Therefore, high-risk drivers often have to pay higher premiums.

In Vermont, drivers considered high-risk pay an average of $1,192 per year for insurance. In comparison, drivers without tickets or accidents on their record pay an average of $860. That's a difference of over $300.

Using MoneyGeek's Vermont auto insurance calculator, you can get an idea of how much a policy would cost you depending on your age, driving record, car specs and coverage options. MoneyGeek's auto insurance calculator can help you determine which of these factors has the most impact on your rates.

Auto insurance is required in Vermont, and all drivers must carry minimum liability insurance. However, since auto insurance is a voluntary market, providers may refuse to cover you if they consider you too risky to insure.

If this happens to you, your best bet is to seek a residual market plan via the Automobile Insurance Plan Service Office (AIPSO). The insurance industry has depended on AIPSO, a nationwide, non-profit organization, to offer services to the car insurance residual market for almost 50 years.

The Vermont Automobile Insurance Plan (VAIP) was created under Vermont law as amended by the 1969 General Assembly to provide coverage to drivers unable to purchase car insurance premiums through the voluntary market. VAIP assists with bodily injury, property damage, medical payments and physical damage to your vehicle.

To be eligible for VAIP coverage, you must provide proof that you have been unable to get vehicle insurance in Vermont for the last 60 days.

High-risk drivers often struggle to get insurance. To help with the process, MoneyGeek answered some commonly asked questions regarding Vermont's high-risk auto insurance.

MoneyGeek calculated average rates using full coverage car insurance policies with 100/300/100 liability insurance and comprehensive and collision coverage with a $1,000 deductible. Minimum coverage car insurance policy rates were calculated based on each state’s minimum car insurance requirement.

To calculate rates for high-risk drivers, MoneyGeek averaged the premiums insurance companies charge for three of the most common driving violations: speeding, at-fault accident and DUI.

To determine the best car insurance company for high-risk drivers, MoneyGeek scored companies based on affordability, customer satisfaction and complaints — obtained from J.D. Power surveys and NAIC complaint scores — and financial strength ratings as calculated by AM Best. Affordability received the greatest weighting in our calculations.