Best Vermont Auto Insurance 2023

In this guide about Vermont auto insurance, we discuss all the details of auto insurance in VT and how you can find cheap car insurance in Vermont.

Accidents can happen anywhere, anytime. Therefore, it’s only wise that every driver, no matter how experienced they are, has auto insurance. Most states have made it mandatory for drivers to carry an auto insurance policy. In this brief guide about Vermont auto insurance, we will discuss all the essential details of auto insurance in the northeastern state of the U.S. and how you can find cheap car insurance in VT. If you want to check on the rates outside Vermont, check our list of best car insurance providers. 

What Are Vermont Minimum Requirements for Auto Insurance? 

The state law of Vermont requires every driver to have at least Vermont minimum car insurance. To help you prevent getting into any legal trouble, here we’re highlighting the minimum Vermont auto insurance state requirements:

• Bodily injury liability coverage – $25,000 per person and $50,000 per accident
• Property damage liability coverage – $10,000
• Uninsured motorist bodily injury coverage – $50,000 per person and $10,000 per accident
• Uninsured motorist property damage coverage – $10,000 with $150 deductible (the deductible amount doesn’t apply in some cases)

The state law of Vermont requires the following liability coverage options to be offered by insurance providers, and a customer cannot reject or opt-out from them:

• Bodily injury liability 
• Property damage
• Uninsured motorist bodily injury

The cost of minimum coverage auto insurance in Vermont is $46 per month or $552 per year, on average. It can vary significantly depending on the insurance provider, your age, gender, city, and driving record.

Vermont Auto Insurance Minimum Requirements for Financed Cars

If you drive a financed car in Vermont, you need to have the standard 100/300/100 liability coverage, at a minimum. You will also be required to carry collision and comprehensive insurance by your bank.

Best Coverage Options

Here are some of the best VT car insurance options for an average driver, listed on the basis of their costs – from cheap car insurance in VT to expensive.

Company	Average Annual Rate
	For State Minimum	For 50/100/50	For 100/300/100
GEICO General Insurance Co	$168	$185	$485
Allstate Fire & Casualty Insurance Company	$302	$303	$1,183
Nationwide Mutual Insurance Company	$360	$364	$789
State Farm	$419	$486	$1,255
Progressive Northern Insurance Company	$436	$412	$1,103

Average Costs of Auto Insurance in Vermont

Car insurance in Vermont is lower than the national average, on the whole. However, the rates for individual drivers vary, as they are impacted by a variety of factors. To give you an idea, we’re listing the average car insurance quotes in Vermont for both men and women belonging to different age groups:

State Average Costs by Age and Gender – for Minimum Coverage

Age Group	Average Price for Men	Average Price for Women
20-30	$885 to $377	$764 to $374
30-40	$885 to $364	$764 to $364
40-50	$364 to $339	$364 to $339
50-60	$339 to $329	$339 to $330

It’s important to note that the cost of auto insurance generally reduces as the age of the driver increases because older people tend to be more responsible drivers, on average, than young drivers. 

The cost of auto insurance also depends greatly on your driving record and health. For example, seniors with disabilities can expect to pay a higher cost for auto insurance than other drivers. But, with a little research, you can find cheap auto insurance in Vermont.

Cheapest Car Insurance in Vermont

There are many auto insurance companies in Vermont for seniors, but USAA is the cheapest car insurance provider. The cheapest car insurance for students is provided by Allstate.

Cost of Car Insurance, VT by Major Cities

City	Average Rate
Burlington	$1,105
South Burlington	$1,095
Rutland	$1,120
Montpelier	$1,139

How to Reduce the Cost of Auto Insurance in Vermont?

The state of Vermont has some of the cheapest car insurance rates in the country. The auto insurance rates in Vermont can be further reduced by:

• Installing security features in your car
• Opting for a model with a high safety rating 
• Driving safely and maintaining a good driving record – driving violations, such as DUI, increase the cost of your auto insurance. 
• Maintain a good credit score
• Opting for higher deductibles 
• Searching for Vermont auto insurance discounts online
• Looking for bundle offers – many insurance providers give you cheap car insurance in VT if you buy more than one type of insurance policy from them. For example, you can buy auto insurance and homeowners coverage from the same company. 
• Comparing multiple insurance providers. Instead of buying auto insurance from the first you come across, always compare the rates of different companies to find the best company for your age group, driving profile, and credit history. Your goal should be to find an insurance provider offering the maximum possible or required coverage at the lowest possible premium.

Vermont Auto Insurance – Traffic Rules and Penalties 

The state law of Vermont requires all drivers to carry at least the minimum auto insurance. Drivers are also required to carry proof of insurance at all times. If you’re caught driving without car insurance, you can be subject to fines of up to $500 under Vermont car insurance laws. 

Also, 2 points will be added to your license, and you will be required to maintain an SR-proof of insurance with the Vermont Department of Motor Vehicles. 

The penalty can be severe and can even lead to license suspension and detention if you fail to provide proof of insurance following a traffic violation or an accident. 

Vermont law provides a 60-day grace period to new residents to get their vehicles registered in the state. It’s important to note here that you need to have valid auto insurance for Vermont to get your car registered.

Driving under influence, without a license, registration, or insurance, with an expired license, registration, or insurance, reckless driving, speeding, hit and run, making illegal U-turns, running a red light, child restraint violations, and making unlawful modifications in the vehicle are all punishable offenses by law in the state of Vermont.

Best Car Insurance Companies in Vermont 

The following chart enlists the essential details of some of the best car insurances in Vermont. Take a look to learn about the average car insurance quotes for Vermont, ratings of different auto insurance providers, discounts, coverage options, and rates for different user cases.

Company	Provisions & Coverage Options	Ratings	Discounts	Car Insurance Costs for Different User Cases
Progressive Average Yearly Price – $1,432 Cost for Minimum Coverage – $436	Standard  Collision and Comprehensive  Roadside assistance  New car protection  Accident forgiveness	AM Best – A+ JD Power Rating (on a 1,000 point scale) – 826 Standard & Poor’s – AA Moody’s – Aa	Safe driving discounts Bundle discounts Security devices discounts	Drivers with DUI – $2,101 Drivers with an At-Fault Accident – $3,030 Speeding Drivers – $2,310 Insurance Cost for Good, Average, and Bad Credit – $1,927, $2,394, and $3,221
GEICO Average Yearly Price – $701 Cost for Minimum Coverage – $168 Best for – Price-focused consumers	Standard  Collision and Comprehensive Roadside assistance  Accident forgiveness	AM Best – A++ JD Power Rating (on a 1,000 point scale) – 827 Standard & Poor’s – AA+ Moody’s – Aa1	Safe driving discounts Bundle discounts Security devices discounts	Drivers with DUI – $2,189 Drivers with an At-Fault Accident – $1,315 Speeding Drivers – $886 Insurance Cost for Good, Average, and Bad Credit – $784, $826, and $1,013
State Farm Insurance Vermont Average Yearly Price – $717 Cost for Minimum Coverage – $419 Best for – People looking for discounts	Standard  Collision and Comprehensive  Roadside assistance	AM Best – A++ JD Power (on a 1,000 point scale) – 838 Standard & Poor’s – AA	Safe driving discounts Bundle discounts Security devices discounts	Drivers with DUI – $1,218 Drivers with an At-Fault Accident – $1,322 Speeding Drivers – $1,218 Insurance Cost for Good, Average, and Bad Credit – $1,113, $1,508, and $2,763
Allstate Average Yearly Price – $652 Cost for Minimum Coverage – $302 Best for – Getting rewards for safe driving	Standard  Collision and Comprehensive  Roadside assistance  New car protection  Accident forgiveness	AM Best – A+ JD Power (on a 1,000 point scale) –  834 Standard & Poor’s – AA- Moody’s – Aa3	Safe driving discounts Bundle discounts Security devices discounts	Drivers with DUI – $1,979 Drivers with an At-Fault Accident – $1,918 Speeding Drivers – $1,662 Insurance Cost for Good, Average, and Bad Credit – $1,453, $1,685, and $2,021
Nationwide Average Yearly Price – $797 Cost for Minimum Coverage – $360	Standard  Collision and Comprehensive  Roadside assistance  New car protection  Accident forgiveness	AM Best –  JD Power (on a 1,000 point scale) – 817 Standard & Poor’s – A+ Moody’s – A1	Safe driving discounts Bundle discounts Security devices discounts	Drivers with DUI – $1,712 Drivers with an At-Fault Accident – $1,397 Speeding Drivers – $1,151 Insurance Cost for Good, Average, and Bad Credit – $965, $1,143, and $1,329
USAA  (Cheapest auto insurance in Vermont) Average Yearly Price – $389 Cost for Minimum Coverage – $258	Standard  Collision and Comprehensive Roadside assistance  New car protection  Accident forgiveness	AM Best – A++ JD Power (on a 1,000 point scale) – 893 Standard & Poor’s – AA+ Moody’s – Aa1	Safe driving discounts Bundle discounts Security devices discounts	Drivers with DUI –$1,262 Drivers with an At-Fault Accident – $858 Speeding Drivers – $709 Insurance Cost for Good, Average, and Bad Credit – $619, $758, and $1,317

 

There you have it – all the essential details you need to know about vehicle insurance and some of the best insurance providers in the state. Now you can make a well-informed decision and get cheap car insurance in VT that at the same time will cater to your needs.