Cheapest Car Insurance Rates for January 2020

Auto Insurance Statistics in Vermont

Average Car Insurance Premiums

Average car insurance premiums in Vermont are actually much lower than the national average. According to Quote Wizard, the cost of auto insurance in Vermont is on average $680.18 each year. The cost of car insurance for the country annually is around $889.01. However, prices can fluctuate depending on your coverage type, zip code, urban conditions, and coverage limits.

Vermont Average Annual Car Insurance Rates  vs National

Drunk Driving Fatalities

Drinking and driving can be fatal in Vermont. Based on recent years, there was a big spike in drunk driving fatalities in 2016 but eventually declined to just under the national average in 2017. 

Drunk driving fatalities in Vermont from 2013 to 2017

Teen Drinking and Driving

Teen drinking and driving in Vermont is at a rate that is lower than the national average. The data below demonstrates the level of drinking and driving taking place in Vermont when compared to other states around the country.  

Teen Drinking & Driving in Vermont vs. Nationwide (2017)

Source: National Highway Safety and Traffic Information

SR-22 Insurance in Vermont

If you live in Vermont, you live in a state that requires drivers to provide proof of SR-22 insurance if they want to reinstate their licensees after a suspension. This form of insurance provides direct evidence that you have the minimum required insurance coverage if you are to get into an accident with another driver, or if an accident causes damage to someone else’s property.

Vermont is one of the strictest states in terms of SR-22 requirements. You will be required to have the insurance on file with the state for at least three years. If you cancel your coverage, or reduce your coverage below the state’s threshold, your license will be immediately revoked.

Make sure to compare multiple rates before you decide on a particular insurance provider. It’s the best way to guarantee you’re not overpaying for your SR-22 policy in Vermont.

Car Theft in Vermont

Car theft in Vermont occurs at a rate that is much lower than the national average. Learning about the number of car thefts in Vermont will help drivers to have a fuller understanding of the level of risk they take while driving and owning a car in the state.

Vehicle thefts by rank Nationwide vs. Vermont

Source: Insurance Information Institute

Vermont ranks on top for the lowest automobile thefts when compared with other states around the country

How Vermont Ranks #1 in List of States With The Least Car Thefts (per 100,000)

Source: World Atlas

Car insurance can be pricey, but it’s possible to find affordable car insurance in Vermont. A study was recently done to find the cheapest insurance providers in Vermont. The rates of these providers were compared to the rates paid by average car insurance clients in Vermont. However, the amount that you’ll pay for car insurance is also dependent on factors other than choosing the right insurance company. Some examples of these factors include your accident history, traffic tickets, your age, the type of car you drive, and the city you live in. Therefore, keeping a clean driving record can help you to lower your car insurance rates.

Any driver operating a motor vehicle in the state of Vermont is required to have some form of insurance in the event of property damage to yourself, to others, or to vehicles during a collision. Accidents can happen even if you are a careful driver due to mistakes other motorists can make while on the road. Having the right insurance is of vital importance to ensure that you never have to pay out of pocket for the coverage you need. Cheapautoinsurance.co will provide you with the important information you need to help you make the best decision when choosing car insurance.

Types of Auto Insurance Coverage in Vermont:

• Property Damage Liability Insurance
• Bodily Injury Liability Insurance
• Uninsured/Underinsured Motorist Bodily Injury Insurance
• Uninsured Motorist Property Damage Insurance

Minimum Requirements For Car Insurance in Vermont

There are minimum requirements for car insurance in the state of Vermont. It is recommended to carry at least the minimum amount of coverage to ensure that you are fulfilling state-mandated coverage requirements. The minimum amounts for car insurance coverage in Vermont are listed below:

• Uninsured Motorist Property Damage Coverage: $10,000 of coverage with a $150 deductible amount
• Uninsured Motorist Bodily Injury Coverage: $50,000 per person as well as $100,000 for each car accident
• Bodily Injury/Death Liability of one person: $25,000
• Bodily Injury/Death Liability of two people: $50,000
• Bodily Injury Liability Insurance Coverage: $25,000 for each person and $50,000 per accident
• Property Damage Liability Coverage: $10,000

New & Teen Drivers in Vermont

Vermont has a multi-stage licensing process which allows new and teen drivers to gain exposure gradually to potentially complex driving situations. The learner’s permit and junior driver’s license are key initial stages for teen drivers.

Vermont teenagers who plan on obtaining their driver’s licenses should become aware of the various teen driving laws. Teen drivers who are under 18 years of age are required to first complete a driver’s education course as well as passing a road test. In order to obtain a learner’s permit, a teen driver in Vermont is required to be at least 15 years old and they must also complete a knowledge test. The youngest age to receive a full license is 16 years and 6 months of age.

Driving in Vermont Winters

It is essential to have adequate car insurance coverage when driving during the snowy Vermont winters. In fact, when temperatures drop overnight and conditions turn icy, accidents are likely to increase. It is essential to be well prepared by investing in snow tires which are recommended on all four wheels. Practicing safe driving methods and keeping supplies fully stocked will go a long way towards helping Vermont drivers prepare for snowy, wintry conditions. The Vermont State Police make recommendations to have sturdy snow tires on each wheel and they also allow studded tires and tire chains as needed.

Cheap Auto Insurance Discounts

At Cheap Auto Insurance, we aim to provide comprehensive information to help you choose the lowest car insurance available in Vermont. One of the ways we have found that drivers can reduce their auto insurance rates is with auto insurance discounts. Below are some of the most common discounts that can save you on the cost of monthly or yearly premiums.

• Military or Veteran discount
• Multi-car auto insurance discount
• Mature driver discount
• Good student discount
• Senior citizen discount
• Car safety features discount
• Low-mileage discount
• Defensive driving discount
• Anti-theft discount
• Infrequent usage discount
• Bundling insurance policies discount

Cheapest Car Insurance Companies in Vermont

1. Geico: Geico offers affordable coverage, and you can apply for their coverage online. On average, Geico is the cheapest policy in all major cities of Vermont. Geico’s average rate is 533 dollars per year for Vermont residents. For comparison, the average Vermont resident pays 851 dollars per year. Geico offers reliable and comprehensive coverage, and they cover a number of potential expenses that many insurers miss. For instance, they offer both property damage liability and bodily injury liability coverage. In addition, Geico has an excellent record in terms of client satisfaction. No Vermont residents have filed complaints about Geico, which is something that many other insurance providers cannot say. More than four out of five Geico clients give their coverage a 5 star rating on a 1-5 scale.

2. Co-Operative Insurance: Co-Operative Insurance offers Vermont residents an average rate of 619 dollars per year for coverage. It’s even possible to get a discount on your rates from Co-Operative Insurance if you take driver’s education classes. Co-Operative Insurance is exclusively geared towards residents of Vermont and New Hampshire, and the coverage they offer is quite comprehensive. It’s also quite easy to make claims with Co-Operative Insurance, and claims can be made 24/7 by telephone. Claims can also be made online. When claims are reported online, you will get a response the next day.

3. Kemper Insurance: At the time of the study, Kemper was known as Unitrin. However, the company still offers excellent coverage. The company offered rates averaging 627 dollars per year at the time of the study. There are discounts available for those without an accident history within the past two years, people who insure multiple vehicles, cars with motorized seat belts, cars with anti-lock brakes, and cars with anti-theft devices. Kemper offers insurance for accidents that occur to a parked vehicle, which is something that many other insurers do not cover.

4. Union Mutual: Union Mutual car insurance rates average 747 dollars per year for Vermont residents, and they cover many types of damage that can occur to your vehicle. Not only will Union Mutual cover damage to your vehicle, but they will cover damage to the vehicle of another driver if you were at fault. In addition to paying for damages, Union Mutual will cover the expenses of a rental car if your car is not usable or stolen. Union Mutual also covers towing expenses that occur as a result of an accident.

5. Allstate: Allstate is a well-known provider of car insurance, and they offer affordable rates to Vermont residents. On average, Allstate clients in Vermont pay 826 dollars per year for car insurance. They offer quotes online and by phone. Allstate’s insurance plans are also comprehensive, and their clients tend to be satisfied with the coverage.

FAQ

General Vermont Car Insurance

This section answers the basic questions you have about car insurance in Vermont. Use this information to help you understand more specific questions.

Vermont Car Insurance Laws

Insurance laws change state to state. We’ll answer your questions about Vermont’s car insurance laws in this section.

Vermont Car Insurance Prices

It’s never fun when you pay too much for car insurance. We’ll answer some of the most popular questions about car insurance prices in Vermont in this section.

Vermont Car Insurance Claims and Coverage

If you need to use your car insurance coverage, then it’s important to understand how it works. We’ll answer questions about Vermont car insurance claims and coverage in this section.

Other Vermont Car Insurance Questions

This section covers questions about Vermont car insurance that don’t fit into our other categories. Use this section if you can’t find your questions anywhere else.

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