Auto Insurance in Vermont
Vermont’s auto insurance rates are on the low side — on average $1,002 per year, compared to the nationwide average of $1,669. That said, how much you’ll pay can vary a lot depending on your car, your coverage, and your address. Use our tool to find your best rates:
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This New England state is absolutely covered in forests, which make up a majority of the area’s ecosystem. Lake Champlain runs along the western half of the state, and mountains abound in this area. Vermont is isolated from the Atlantic Ocean, but its lakes do generate significant lake effect snowfall throughout the region. The towns and cities in Vermont are small, resulting in low population density.
Vermont Minimum Liability
Vermont’s state minimum liability for auto insurance covers $25,000 in bodily injury claims per person, $10,000 in property damage claims, and a $50,000 cap per accident. That cover barely accommodates the typical costs associated with an accident, which sits at $15,443 bodily injury and $3,231 property damage. If you are involved in a serious accident, it’s easy to exceed these limits.
You should move beyond the state minimum coverage into a plan with higher limits, such as a 50/100 or a 100/300. These higher coverage plans do cost more, but they also provide you with better protection so you don’t risk paying out-of-pocket with an accident. One way of cutting down the cost of additional coverage is to go rate shopping with several auto insurance companies, instead of staying with your current company or going with the first business that gives you a quote.
Cheapest Car Insurance in Vermont
- $1,046State Farm
- $788Concord Group
- $1,149Vermont Mutual
Premium costs can be too much on a tight budget, so these auto insurance companies are good choices if your primary concern is the car insurance cost over any other factors. These are the cheapest auto insurance companies available in Vermont.
While you get ahead with a lower premium, you do pay for the affordable costs by giving up other benefits that come with higher-priced plans. The customer service may not be as timely getting back to your inquiries and you may run into problems with getting your claims processed quickly. In addition, you may not get the bells and whistles offered by other auto insurance companies, such as apps for claims reporting and information.
Most Popular Companies by Marketshare
- State Farm
- Concord Group
- Vermont Mutual
The most popular car insurance companies in Vermont show up all over the place, whether they have multiple offices in your location or they run the most commercials. You have their jingle memorized and you receive a few pieces of junk mail from them every week.
These popular car insurance companies have the biggest ad budgets and are typically national companies, so you’re not getting the same personal touch as smaller, local auto insurance companies give you. Due to the size of the popular car insurance companies, they can provide many coverage options, so it’s worth getting a few quotes to see whether they outperform other options.
Choosing the Best Car Insurance in Vermont
When you want the best auto insurance experience overall, these are some of the top-rated companies available. Characteristics that set the best auto insurance companies apart from other options include excellent customer service, a quick and easy accident claims process, and extensive coverage options.
These options may be pricey compared to others, but you get many benefits from your premium payments. For example, some companies offer discounts if you go for a certain period of time without an accident, lowering your premium. These auto insurance companies also have professional, well trained agents on staff who can effectively help you with any claims or problems you might have.
Where is car insurance most affordable?
Where you live has a lot of bearing on how much you’ll pay for car insurance.
Vermont offers affordable auto insurance throughout the state, putting it significantly below the national average. One of the biggest cities, Burlington, has the lowest insurance rates in this area. The small cities and towns have a rate close to the state average, allowing you to enjoy affordable rates anywhere in the state.
Burlington Auto Insurance
Burlington is the largest city in Vermont with 42,284, although that population is barely a blip on the radar for many other metropolitan areas. It’s close to the Canadian border, and it’s known for being the home town of Ben & Jerry’s ice cream company. It’s also popular for retirement communities. Burlington has lower than average auto insurance rates for the state.
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