Average cost of car insurance in Vermont

1

At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict , this post may contain references to products from our partners. Here’s an explanation for

The average annual Vermont car insurance rates are $1,207 for full coverage and $292 for minimum coverage. Many variables influence what drivers pay for auto insurance besides a car’s make and model, but among all of the data points, age, driving history, zip code and chosen provider seem to play the biggest roles.

How much does car insurance cost in Vermont

Many things can influence the cost of a car insurance premium. Specifically, Vermont auto insurance rates are impacted by its state requirements for minimum coverage and other factors like car make and model, age of drivers insured, driving records, drivers’ genders and specific ZIP codes. Other factors include a driver’s:

  • Marital status
  • Deductible
  • Credit score
  • Coverage types

Every driver has a unique premium, but the state average in Vermont is $1,207 per year for full coverage and $292 per year for minimum coverage. Both amounts are significantly cheaper than the current national averages for full and minimum coverage. Across the United States, Americans pay an average of $1,674 per year for full coverage and $565 per year for minimum coverage.

Vermont car insurance rates by company

Vermont auto insurance rates will largely depend on which company you are insured with. As shown in the different rates below, it is almost always worth your time and effort to shop around and get quotes from multiple providers because sometimes the cost difference is significant. The good news is that in Vermont some of the cheapest companies are often also the best.

Car insurance company Average annual premium for minimum coverage Average annual premium for full coverage
Allstate $447 $1,893
Geico $211 $968
MetLife $507 $1,696
Nationwide $337 $984
State Farm $366 $1,129
Union Mutual $122 $1,488
USAA $195 $807

Vermont car insurance rates by city

Below are the top 20 most populated cities in Vermont and the average amounts drivers pay for full coverage. The percentage difference is how the city average compares to the state average for full coverage, which is $1,207 annually. Many Vermont cities have slightly more affordable car insurance premiums than is average for the state.

City Average annual premium for full coverage % difference from state average annual premium
Burlington $1,131 -6%
Rutland $1,179 -2%
Essex Junction $1,111 -8%
South Burlington $1,114 -8%
Brattleboro $1,205 0%
Barre $1,206 0%
Colchester $1,148 -5%
St. Albans $1,185 -2%
Bennington $1,207 0%
Montpelier $1,200 -1%
Milton $1,183 -2%
Middlebury $1,181 -2%
St. Johnsbury $1,218 1%
Springfield $1,210 0%
Williston $1,159 -4%
Lyndonville $1,222 1%
Newport $1,226 2%
Swanton $1,189 -1%
White River Junction $1,212 0%
Winooski $1,119 -7%

Vermont car insurance rates by age

A driver’s age heavily influences the average cost of car insurance in Vermont. The younger you are, the more likely you are to pay more. However, with a clean driving record, most people will see their rates start to go down by their 30s.

Age Average annual premium in Vermont
Age 16* $2,401
Age 18 $4,158
Age 20 $3,540
Age 25 $1,413
Age 30 $1,179
Age 40 $1,138
Age 50 $994
Age 60 $967
Age 70 $1,083

*16 year old calculated on parent’s policy disclosure

Vermont car insurance rates by driving record

Although Vermont’s average cost insurance rate is $1,207 for full coverage, you typically pay more if you have a violation on your record. Below are the average amounts drivers pay with one speeding ticket, accident or DUI in their driving history. If you have more than one, or a combination of violations, you will likely pay more for car insurance.

Driving incident Average annual full coverage premium in Vermont % increase of average annual premium
Speeding ticket $1,403 15%
Accident $1,593 28%
DUI $2,839 81%

How to save on car insurance in Vermont

Vermont car insurance rates are low compared to other states, but they could be even lower with the right steps. Here are our top five ways to save on car insurance:

  1. Shop around: When it comes to insurance, shopping around is recommended because you will get different quotes from similar providers. Sometimes the difference is small, but sometimes it is a lot. Nevertheless, this is usually the first step to getting cheaper car insurance. Don’t worry about switching providers because doing is relatively easy.
  2. Compare discounts: Discounts are not the same across providers, making the odds that you will save a different amount with the same discount high. The difficult part may be figuring out just how much you will save because most providers do not make this information readily accessible for each discount. You will need to speak with an agent to get the bottom line. Do this step at the same time as step 1 to save yourself time.
  3. Increase your deductible: The higher your deductible is, the less you will pay each month for car insurance. However, you will also receive less after an accident claim because of this. You can compare different deductible options to see if a lower deductible offers meaningful savings and choose a deductible amount that fits your budget and comfort level.
  4. Drive an older car: New cars typically cost more to insure because they have more expensive parts and labor costs. An older car may save you money, but it depends on the car. Consider finding one that is reliable and has a high safety rating. To save even more, you could find a car that also pairs with qualifying vehicle discounts.
  5. Increase your credit score: In Vermont, it is legal for car insurance companies to increase your premium because of a low credit score. Insurance companies do this because drivers with low credit scores are statistically more likely to file a claim than drivers with strong credit scores. With an improved credit score, your premium will often reduce as a result.

Frequently asked questions

How much is car insurance in Vermont per month?

Assuming you pay an amount similar to the average car insurance rates in Vermont, then car insurance should be about:

  • $292 for minimum coverage across 12 months, or $24.33 per month.
  • $1,207 for full coverage across 12 months, or $100.58 per month.

How should I choose a car insurance company?

To find the best car insurance company for you and your family, you could consider researching J.D. Power scores and AM Best scores, two trusted third-party agencies, for each provider. AM Best reports how financially strong a company is and J.D. Power reports how customers interpret their experience with a company. Generally, most people want strong scores for both because it is indicative of how fast a company processes claims.

From there, researching average premium costs and available discounts could be your next step. Once you have done this, you will likely have a clearer view of which companies offer the best car insurance policies and maybe even which ones offer the cheapest.

Methodology

Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:

  • $100,000 bodily injury liability per person
  • $300,000 bodily injury liability per accident
  • $50,000 property damage liability per accident
  • $100,000 uninsured motorist bodily injury per person
  • $300,000 uninsured motorist bodily injury per accident
  • $500 collision deductible
  • $500 comprehensive deductible

To determine minimum coverage limits, Bankrate used minimum coverages that meet each state’s requirements. Our base profile drivers own a 2019 Toyota Camry, commute five days a week and drive 12,000 miles annually.

Age: Rates were calculated by evaluating our base profile with the ages 18-60 (base: 40 years) applied.

Incident: Rates were calculated by evaluating our base profile with the following incidents applied: clean record (base), at-fault accident, single speeding ticket, single DUI conviction and lapse in coverage.