Cheapest Car Insurance in Vermont 2021

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Vermont has over 500,000 licensed drivers, and every resident with a vehicle registered in the state is required to have car insurance. Because Vermont is a smaller state with below average population density, car insurance is more affordable. The average driver in Vermont pays $975 annually for full coverage car insurance and $256 annually for minimum coverage car insurance.

The cheapest car insurance in Vermont

Car insurance policies in Vermont are cheaper than the United States average premium. However, every insurance company charges a different rate. The table below includes the cheapest car insurance in Vermont from the most popular companies in the country:

Car Insurance Company Average Annual Premium for Minimum Coverage Average Annual Premium for Full Coverage
USAA $181 $827
Geico $202 $950
State Farm $324 $1,110
Allstate $383 $1,707
Nationwide $403 $1,016

Quadrant Information Services, 2020

USAA

USAA sells car insurance to military members, veterans and select immediate family members. It is widely considered to be one of the best insurance companies on the market and has the highest rating for overall customer satisfaction in the 2020 J.D. Power U.S. Auto Insurance Study in every region.

The average Vermont driver pays $827 per year for a full coverage policy from USAA and just $181 per year for a minimum coverage policy. Drivers can also take advantage of discounts to get a lower premium. USAA has savings opportunities for good students, taking a defensive driving course, insuring a new vehicle, garaging a vehicle on a military base and having a clean driving record.

Geico

For the average Vermont driver, it is hard to beat Geico’s cheap car insurance rates. The average full coverage insurance policy from Geico costs $950 per year and the average minimum coverage policy costs $202 per year.

Geico also offers multiple discounts to its policyholders. Discounts offered include savings for good students, military members, federal employees, emergency deployment, employee/membership groups, having a car with safety features, wearing a seatbelt and more.

State Farm

State Farm is the largest car insurance company in the country, with over 16% of the total market share. Affordable rates are one of the reasons why State Farm is so popular. In Vermont, the average driver pays $1,110 annually for a full coverage policy and $324 annually for a minimum coverage policy from State Farm.

Vermont drivers can lower their rate further by taking advantage of discounts. State Farm offers two safe driver rewards programs, Drive Safe & Save for drivers 25 and older and Steer Clear for drivers under 25. State Farm also has discounts for claim-free drivers, smart students, students away at school, insuring two or more vehicles and taking a driver training course.

Allstate

Allstate is a highly-rated insurance company. Its full coverage rates are higher than the other companies on our list, but its minimum coverage rates are competitive. The average full coverage policy from Allstate costs $1,707 per year and the average minimum coverage policy costs $383 per year.

In addition to a broad range of coverage options, Vermont drivers can also access a variety of discounts with Allstate. The company has savings opportunities for insuring a new car, bundling policies, smart students, signing a policy at least one week before it becomes effective, paying in full and enrolling in the Drivewise safe driver program.

Nationwide

Vermont drivers who are insured through Nationwide can take advantage of robust endorsements, good online resources and cheap coverage. The average Vermont driver will pay $1,016 per year for a full coverage policy from Allstate and $403 per year for a minimum coverage policy.

Nationwide offers common discounts, like taking a defensive driving course, being a safe driver, signing up for paperless billing statements and being accident-free. Drivers can also take advantage of the vanishing deductible program which lowers the policy’s deductible by $100 for each subsequent claims-free year, up to $500.

Affordable coverage for Vermont drivers

Drivers in Vermont are required to carry a minimum amount of liability insurance, which is represented as 25/50/10. This means that $25,000 in bodily injury coverage per person, $50,000 in bodily injury coverage per accident and $10,000 in property damage coverage per accident is required by law.

Purchasing liability only coverage is not a recommended strategy for getting cheap insurance. There is no guarantee that Vermont’s minimum insurance requirements will cover the full cost of an at-fault accident. If a driver’s financial responsibility exceeds their policy’s coverage limit, they must pay the difference out of pocket.

How to get cheap car insurance in Vermont

Choosing a cheap car insurance company is not the only way to get affordable coverage in Vermont. Drivers should also consider these approaches when looking for cheap insurance:

  • Get multiple quotes: While researching insurance companies, get quotes from a few different providers and compare them. That way, you can easily see which provider can give you the lowest price for the type and amount of coverage you need.
  • Look for discounts: Most insurance companies have discounts that can help drivers lower their rates. Look for insurance companies that offer multiple discounts that you qualify for.
  • Improve your credit score: Insurance companies look at your credit score to calculate your rate. Improving your credit score can help lower your insurance premium.
  • Pay in full: If you can afford to pay your annual premium in full, you may be able to take advantage of a paid-in-full discount.
  • Upgrade your vehicle: Cars that have certain safety features, like airbags, daytime running lights, anti-lock brakes and an anti-theft system, often qualify for savings. Consider making some upgrades to your vehicle to get a cheaper policy.

Frequently asked questions

What is the best car insurance in Vermont?

The best car insurance company in Vermont varies because every provider has its strengths and weaknesses. Drivers who are looking for the lowest possible rate might be happy with USAA, while drivers who are looking for the best discounts may be happier with Progressive. The only way to determine the best insurance company for you is to shop around and compare providers based on your personal criteria.

What is the average cost of car insurance in the U.S.?

The average cost of full coverage car insurance in the United States is $1,738 per year. In comparison, the average Vermont driver pays $975 for full coverage insurance. Car insurance in Vermont is significantly less expensive than the national average.

What information do I need to get an insurance quote?

To get a car insurance quote, you will need to provide some personal information, like your birthday, address and contact information. Some insurance companies will request your social security number. You will also need to provide information about your vehicle, like the vehicle identification number (VIN), year, make, model and the mileage.

Methodology

Bankrate utilizes Quadrant Information Services to analyze 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 sample drivers own a 2018 Honda Accord, commute five days a week and drive 12,000 miles annually.

These are sample rates and should be used for comparative purposes only. Your quotes may be different.