Average cost of car insurance in Vermont in 2024

How much is car insurance in Vermont? 

Car insurance in Vermont averages $1,061 per year for full coverage and $238 per year for minimum coverage. These rates are 47 percent and 62 percent cheaper than the full and minimum national averages of $2,014 and $622, respectively. However, Vermont car insurance rates vary widely by personal factors, which include age, marital status, credit history, driving record and claims history. The company you choose, your coverage choices, limits and deductibles also factor into auto insurance premiums.

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Vermont car insurance rates by city

While average Vermont rates are far below the national average, some cities have higher average rates than others. We compared average rates for some of the largest Vermont cities to show how rates may differ. For instance, drivers living in Bennington pay around 1 percent more than the state average for full coverage, but if you live in Burlington, you save an average of 7 percent. Characteristics like population density, crime statistics, regional weather and repair costs influence rates by city.

Average car insurance costs by age and gender in Vermont

Although some states exclude age and gender as factors in car insurance rating, Vermont is not one of them. Young drivers typically pay more than older drivers, with rates usually dropping after age 25. Rates for females are generally lower than for males, and in Vermont, average rates are lowest for drivers ages 50-70. The following tables reflect rates for drivers on their own policy, but rates for 16-year-olds are for drivers on their parents' policy.

Cost considerations for young drivers in Vermont

While 16- and 17-year-old drivers usually must be on their parents’ policy, drivers 18 and older can choose to be on their own. This choice often comes at a cost, as you can see in the table below. An 18-year-old driver could save around 36 percent being listed on their parents’ policy rather than their own. Note that some companies may require you to live in the same home as your parents to be listed on their policy.

How does driving record impact the cost of car insurance in Vermont?

Car insurance rates in Vermont by credit score

Vermont car insurance rates by vehicle type

Estimate your car insurance cost in Vermont

Average state premiums may give you an idea of what you will pay for coverage in Vermont, but comparing personalized estimates may give you a more accurate figure. Get started with quick personalized estimates below.

How to save on car insurance in Vermont

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

• Shop around: If you want to find the cheapest car insurance, most insurance professionals recommend comparing quotes for the same coverage levels from various carriers. This will show you which company offers the lowest rates for your unique circumstances.
• Compare discounts: Most carriers offer at least a handful of discounts to help drivers save. Looking for eligible discounts could help you choose the cheapest auto insurance company. Common discounts to look for include safe driver, paid-in-full, good student and bundling.
• Increase your deductible: The higher your deductible is, the less you will typically pay each month for car insurance. You can compare different deductible options to see if a higher comprehensive or collision deductible offers meaningful savings and choose a deductible amount that fits your budget and comfort level. Keep in mind that most professionals recommend choosing a deductible you can comfortably pay out of pocket on short notice.
• Consider your car: Although most drivers won't buy a new car to save on auto coverage, if you're already in the market for a new vehicle, comparing sample quotes for the models you're considering could help you see how each vehicle type affects your cost of insurance.
• Increase your credit score: In Vermont, it is legal for car insurance companies to consider your credit-based insurance score when calculating your premium. Insurance companies do this because drivers with poor credit histories are statistically more likely to file claims. Improving your credit score may help you save, especially if your score is fairly low.

Frequently asked questions

Methodology 

Bankrate utilizes Quadrant Information Services to analyze 2023 rates for ZIP codes and carriers in all 50 states and Washington, D.C. Rates are weighted based on the population density in each geographic region. 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 coverage that meets each state’s requirements. Our base profile drivers own a 2021 Toyota Camry, commute five days a week and drive 12,000 miles annually.

These are sample rates and should only be used for comparative purposes.

Credit-based insurance scores: Rates were calculated based on the following insurance credit tiers assigned to our drivers: “poor, average, good (base) and excellent.” Insurance credit tiers factor in your official credit scores but are not dependent on that variable alone. Four states prohibit or limit the use of credit as a rating factor in determining auto insurance rates: California, Hawaii, Massachusetts and Michigan.

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

Model: To determine cost by vehicle type, we evaluated our base profile with the following vehicles applied: BMW 330i, Ford F-150, Honda Odyssey, Toyota Prius and Toyota Camry (base).

Age: Rates were calculated by evaluating our base profile with the ages 16-70 (base: 40 years) applied. Depending on age, drivers may be a renter or homeowner. Age is not a contributing rating factor in Hawaii and Massachusetts due to state regulations.

Gender: The following states do not use gender as a determining factor in calculating premiums: California, Hawaii, Massachusetts, Michigan, North Carolina, Pennsylvania.

Teens: Rates were determined by adding a 16- or 17-year-old teen to their 40-year-old married parents' policy. The rates displayed reflect the total cost of a driver this age added to their parents’ policy unless otherwise noted.