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Average Cost of Car Insurance in Vermont

On March 7, 2023

Vermont car insurance can be expensive, making finding cheap policies hard. Find the best deal by comparing insurance rates from several companies.

Finding affordable auto insurance that meets your needs is as simple as shopping for multiple quotes. Comparing dozens of auto insurance quotes from national and regional carriers is easy with the many quote comparison tools. Comparing rates can help you save money today.

Your age and driving record are important factors that determine your Vermont auto insurance rates. We have compiled average costs for different driver profiles. 

Vermont Car Insurance Average Costs

DriverAverage Annual PremiumAverage Monthly Premium
Average Driver$812$68
Adding a Young Driver$2,238$187
Drivers Buying Minimum Coverage$412$34
Drivers With a Violation$963$80
Drivers With Poor Credit$1,443$120

Insurance Quotes for Vermont Autos at The Best Price

You should consider all of your auto insurance options since no one-size-fits-all provider exists. The best auto insurance companies can offer the lowest premiums in Vermont. Several factors will be considered by auto insurers when calculating rates.

Depending on your marital status

Marriage often leads to lower auto insurance rates than single living arrangements. The perception of financial stability and reliability makes married couples lower-risk policyholders. A single Vermont driver pays $28* more a month than a married one.

Based on the driver’s age

In Vermont and nationwide, young drivers under 25 pay the highest rates for auto insurance, especially new and teen drivers. Insurance providers value the driving experience of drivers over 25 and under 70, so their rates consistently decrease with age.

For male and female drivers

Car insurance premiums for women tend to be lower than those for men because women tend to drive more safely and purchase smaller, less expensive vehicles. Car accidents involving women are statistically lower than that of men. In Vermont, women pay an average of $3* less per month for auto insurance than men.

High-risk car insurance cost

The driving history of policy holders determines auto insurance rates. Good drivers with clean records pay the least for car insurance in Vermont, while high-risk drivers pay more. Auto insurance rates are significantly higher for people with DUIs, at-fault accidents, or speeding tickets.

Calculating Vermont Insurance Rates

Several factors are taken into account by Vermont auto insurance companies when calculating premiums.

Driver’s history, age, credit history, gender, marital status, an vehicle type are some of the factors that may influence rates. Rates are also affected by individual insurance providers, deductibles, and bundles.

Vermont Driver Profile with Average Monthly Premium

  • $125* for a clean record
  • $171* for DUI
  • $170* for a fault-based accident
  • $176* speeding ticket

Levels of coverage for Vermont car insurance

Vermont’s insurance prices are affected by the level of coverage. The lowest rates are achieved by requiring liability insurance coverage for drivers. Insurers charge more for policies that provide comprehensive coverage, collision coverage, and full-coverage insurance.

Coverage Levels in Vermont with Average Monthly Premiums

  • You are only liable for $84*
  • $108* for comprehensive coverage
  • The collision costs $107*
  • $158* for full coverage 

The Best way to Save on Vermont Car Insurance

Car insurance rates in Vermont are low, yet they can be even lower. You can save on car insurance by following these tips:

Discount Comparison

With the same discount, you will likely save a different amount across providers. Many providers need to make this information readily available for each discount, making it challenging to figure out how much you will save. To get the bottom line, contact an agent.

Compare prices

Comparing quotes from similar insurance providers is recommended when it comes to insurance. Differences can be minor, but they can also be considerable. Even so, lowering your car insurance premiums begins with this step. If you want to switch providers, you won’t have any trouble doing so.

Improve your credit score

Low credit scores in Vermont are associated with higher car insurance rates. The likelihood of a low-credit-score driver filing a claim is statistically higher than the likelihood of a high-credit-score driver filing a claim. Your premium will reduce due to improving your credit score.

Increase your deductible

Car insurance premiums are lower if your deductible is higher. An accident claim will also result in less money for you. The deductible amount can be chosen to fit your budget and comfort level, and you can save money by choosing a lower deductible.

Invest in an older vehicle

Due to higher parts and labor costs, new cars tend to cost more to insure. It may be cheaper to buy an older car, depending on the model. You should choose a vehicle that is highly rated for safety and one that is reliable. A qualifying vehicle discount could help you save even more.

What You Need to Know About Getting Cheapest Car Insurance

It’s easy to find cheap coverage rates that meet your individual insurance needs by shopping around for all your options before buying or renewing an auto insurance policy. You can compare cheap car insurance rates from your couch with a quote comparison tool.

Motor vehicles parked or operated on Vermont roads must be insured. Insurance proof must always be available in your car, including

  • Law enforcement requests.
  • For Vehicle registration renewal.
  • An accident occurs with the vehicle.

Quick Facts

  • The highest auto insurance rates are paid by Vermont drivers under 25.
  • Each city in Vermont has its own auto insurance rate.
  • Minimum coverage policy rates vary depending on multiple factors.

Frequently asked questions

Is HMH a trusted and reliable car insurance agency in Vermont?

Hull Maynard Hersey Insurance provides affordable quotes and excellent customer service, making us a trusted insurance agency in Vermont. We are a locally owned and operated independent Insurance Agency. Our local agents are always available to take your call, answer your questions, and help you select the insurance coverage for your needs.

What makes Vermont’s car insurance rates so cheap?

Due to its low traffic density, lower rate of uninsured vehicle owners and low urban population, Vermont has the country’s ninth cheapest average car insurance rates. As a result of the low traffic density and urban population, accidents are less likely to occur, and congestion is lower.

A low 9% of Vermont drivers are uninsured. Vehicle density on highways and vehicle thefts are among the lowest in the state, reducing the risk of vehicle damage. In the state, car insurance premiums are lower because of these factors.

How much does Vermont car insurance cost?

Compared to other states, Vermont has a lower cost of car insurance. Vermont has the lowest average monthly premium for a minimum-coverage policy compared to other states. Because Vermont has no major cities and a low uninsured driver rate, its car insurance rates are low.

Briefly summarizing

For minimum coverage, car insurance in Vermont is affordable. In addition to the age of the driver, his or her driving history, the type of car, and the location, auto insurance rates can also be affected by several other factors. Contact us today for a free auto insurance quote, our team of agents will take the time to understand your needs and make sure you are fully covered.

*Disclaimer: Information presented in this article is for informational purposes only. Informational statements regarding insurance coverage, rates and policy costs are for general description purposes only. These statements do not amend, modify or supplement any insurance policy. Consult the actual policy or your agent for details regarding terms, conditions, coverage, exclusions, products, services, rates and programs which may be available to you.

About the Author

Jill Maynard-Nolan
President at Hull Maynard Hersey Insurance
Jill Maynard Nolan is the president of Hull Maynard Hersey Insurance. Jill has been in the insurance industry since 1991, following in her father’s footsteps - Hull Maynard. Jill and her team is dedicated to provide the customer service you need to feel comfortable and confident purchasing any type of insurance you might need.

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