Vermont Auto Insurance (2023)

Car insurance in Vermont is usually affordable, partially due to the state’s low population and light traffic. The typical Vermont driver pays 24% less for car insurance than the average American and can pay up to 38% less for minimum coverage.

While there are many factors that affect the price of your auto insurance, State Farm and USAA are often the cheapest coverage options in Vermont. However, having a low credit score or a DUI on your record might make other companies more affordable.

Read on to learn more about Vermont car insurance and which companies offer the cheapest coverage in the Green Mountain State. Then, compare quotes with as many companies as possible to ensure you get the best rates.

Which insurance companies in Vermont have the cheapest rates?

The amount you pay for your insurance depends on a variety of factors, including your age, the make and model of your car, and your credit score.

While any quotes you receive for Vermont insurance will be unique, State Farm usually offers the cheapest insurance in the Green Mountain State. Active or retired military members and their families can see even lower rates by choosing USAA.

To see how Vermont’s average monthly auto insurance rates compare with the rest of the country, consult the map below.

Although State Farm and USAA offer the lowest rates overall, you should still compare quotes with as many Vermont insurance companies as possible. You might find lower prices for your situation with other companies.

Minimum Insurance Rates in Vermont

Most states require a minimum amount of auto insurance before you can drive, and Vermont is no exception. Vermonters need to have the following car insurance to legally drive or register a car:

• Bodily injury — $25,000 per person
• Bodily injury — $50,000 per accident
• Property damage — $10,000 per accident
• Uninsured/underinsured motorist bodily injury — $50,000 per person
• Uninsured/underinsured motorist bodily injury — $100,000 per accident
• Uninsured/underinsured motorist property damage — $10,000 per accident

Buying Vermont’s minimum car insurance is your cheapest option for coverage, with the average driver paying about $335 a year. You can check the average prices for insurance companies below.

Although the average minimum insurance costs under $400 per year, Vermont drivers can save a lot by choosing either State Farm or USAA. Read our State Farm auto insurance review to learn more about the company.

Although minimum insurance is your cheapest option, it comes with a financial risk. If you get into an accident, you’ll have to pay for repairs to your car by yourself. Additionally, you’ll be legally responsible for any damage you cause that exceeds your policy’s limits.

Full Coverage Rates in Vermont

While Vermont doesn’t require it, many drivers need full coverage. Most car loans require that you have full coverage to finance a car, but having more insurance on your car is never a bad idea. You can get an idea of how much full coverage might cost you in Vermont below.

Once again, State Farm and USAA offer the lowest rates in Vermont. There is a considerable difference between the cheapest and most expensive companies — Allstate is nearly $1,200 more expensive than State Farm.

Full coverage insurance includes liability, comprehensive, collision, uninsured/underinsured motorist, and either personal injury protection or medical payments. However, you can add additional coverages to your policy to increase the protection of your car. Popular options for Vermonters include the following:

• GAP coverage or loan/lease payoff
• Rental car reimbursement
• Roadside assistance
• Custom parts and equipment

While adding more coverage to your policy offers better protection for your car, it also increases your rates. Adding as much coverage as possible to your policy can be tempting, but you should only purchase what you need to help keep costs down. Learn more about GAP insurance on an auto loan.

Vermont Car Insurance Rates by Age

Of all the factors affecting your insurance rates, age is one of the most important. Young drivers pay some of the highest rates for car insurance because they are more likely to cause accidents or drive recklessly.

Although finding cheap rates for teens can be difficult, you won’t be stuck with high prices forever. As long as you keep your driving record clean, your rates will start to drop around age 25.

Although State Farm is usually one of the cheapest options for car insurance in Vermont, Geico offers more affordable rates for teens. This is why you should always compare rates — your unique circumstances might make one company more affordable than another.

Vermont Car Insurance Rates by Credit Score

Most states allow car insurance companies to look at your credit score to determine your rates, including Vermont. Drivers with low credit scores can pay up to 50% more for insurance than drivers with high scores.

State Farm is once again outdone by Geico when it comes to insurance for people with low credit scores. While State Farm offers affordable rates in a few states for drivers with low credit scores, it’s usually on the high end.

Vermont Car Insurance Rates After an Accident

When an insurance company crafts your rates, it’s trying to determine how risky you are to insure. Insurance companies want to minimize their risk of paying expensive claims, so the greater the likelihood that you will cost the company money, the more you’ll pay for insurance.

One of the easiest ways for a company to determine your riskiness is to look at your driving history. Incidents like at-fault accidents, speeding tickets, and other traffic violations can increase your insurance significantly.

Take a look below to get an idea of how an at-fault accident affects your car insurance.

State Farm might be your best choice for affordable car insurance quotes in Vermont if you have an at-fault accident on your record. While your rates will be higher after an accident, they’ll fall after about three years if you keep your driving record clean.

Vermont Car Insurance Rates After a DUI

According to Vermont State Highway Safety Office, Vermont defines drunk driving by a driver’s blood alcohol content (BAC), ranging from 0.08 for drivers over 21 to 0.02 for bus drivers or minors. To combat drunk driving, Vermont imposes strict consequences:

• First convictions face up to two years in prison, a 90-day license suspension, and a $750 fine.
• Second-time offenders see up to two years in prison, an 18-month suspension, and a $1,500 fine.
• A third conviction earns up to five years in prison, a fine of $2,500, and a permanent suspension of their license.

Getting a DUI will drastically increase your rates, and you might have to find insurance for high-risk drivers if your current provider will no longer cover you. To get an idea of how much your rates might increase after a DUI, check below.

State Farm has the cheapest average rates by nearly $350, but other factors might make another company more appealing.

You can lower your rates by avoiding additional violations, but DUIs take longer to fall off your record than at-fault accidents. A DUI will affect your rates for about seven years.

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Which cities in Vermont have the cheapest car insurance?

One of the key ways insurance companies decide how much to charge you is by looking at where you live. Auto insurance in Vermont is generally cheaper than the national average, but are some cities more expensive than others?

Some states see a great deal of variation between cities, but Vermonters pay about the same no matter where they live. Whether in Burlington, Essex Junction, or Rutland, insurance between Vermont cities is usually affordable.

What are Vermont’s car insurance laws?

Aside from requiring a minimum amount of insurance, Vermont has several other laws drivers should be aware of.

Drivers must carry proof of insurance whenever they get behind the wheel of their car and are required to show law enforcement whenever asked. If you’re caught without car insurance, you’ll face a fine of up to $600, suspension of your license until you can prove coverage, and you’ll need to get financial responsibility insurance for three years.

Additionally, you’ll face harsher punishments for any traffic violations you commit if you don’t have insurance.

If you don’t have insurance because companies refuse to sell to you or it’s too expensive, you can apply for coverage from the Vermont Automobile Insurance Plan. This program ensures that all drivers can get the minimum insurance Vermont requires.

What is Vermont’s financial responsibility insurance?

Vermont requires drivers to file financial responsibility insurance after a DUI, a reckless driving charge, driving without insurance, or driving with a suspended license. Drivers can prove financial responsibility by having an insurance company file an SR-22 form.

An SR-22 form proves that a driver has at least the minimum amount of insurance required by Vermont. If you’re ordered to establish financial responsibility, you’ll have to file an SR-22 form for at least three years.

If you allow your financial responsibility insurance to lapse, your driving privileges will be suspended until you can refile an SR-22 form with the DMV.

How do you get Vermont SR-22 insurance?

Getting SR-22 auto insurance in Vermont is easy, especially if you already have insurance. You can simply contact a representative from your insurance company and ask them to file an SR-22 form.

Most companies charge a flat fee between $50 and $115 to file an SR-22 form for you, and your insurance rates will likely increase. However, you may still be able to find cheap SR-22 insurance with certain insurance companies.

If you need a new insurance policy, make sure to include that you need SR-22 insurance when you request a quote. Some companies will deny you coverage, but most will work with you.

Some drivers need SR-22 insurance to reinstate their licenses but don’t have a car. If you find yourself in this situation, the easiest way to get SR-22 insurance is to buy a non-owners policy. A non-owners policy covers you when you occasionally drive someone else’s car and allows you to file an SR-22 form.

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Find the Best Vermont Auto Insurance Today

Finding cheap car insurance in Vermont doesn’t have to be a chore, especially if you look at State Farm or USAA. While factors like at-fault accidents, low credit scores, or DUIs will increase how much you’ll pay, the Green Mountain State usually has cheap insurance.

Although Vermont’s average car insurance rate is below the national average, the rates you see will be unique to your circumstances. To find the best prices, compare quotes with as many Vermont insurance companies as possible.

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