ValuePenguin's analysis found that State Farm offers the cheapest minimum coverage policy ($377 per year), while Concord Group has the most affordable full coverage policy ($1,282).
Your car insurance rates will vary depending on your area of residence, driving background, driver profile and insurer. Since every driver is different, we've compiled insurance data to show what your quote estimate could look like for your profile.
Cheapest auto insurance in Vermont
Minimum coverage car insurance is the lowest amount of coverage you need in order to legally drive in Vermont. The cheapest minimum policies are provided by State Farm, Allstate and Geico. In Vermont, these companies have an average annual quote of $447, or 20% more than the state average.
Find Cheap Auto Insurance Quotes in Vermont
Unlike full coverage, minimum coverage doesn't include comprehensive and collision coverage. Collision and comprehensive coverage protect you from car damage as a result of a collision, theft, vandalism or natural disaster — regardless of who's at fault.
Although minimum coverage usually costs less, purchasing lower liability coverage limits and opting out of comprehensive and collision coverage risk insufficient protection following an expensive accident.
Cheapest company for full coverage: Concord Group
Concord Group, Nationwide and State Farm offer the most affordable full coverage policies in Vermont. The average cost of a full coverage policy in Vermont is more than three times the cost of the average minimum liability policy. This is because a full coverage policy offers comprehensive and collision reimbursement.
Comprehensive and collision coverages are included in full coverage policies and reimburse damage to your car following most accidents, thefts, natural disasters and vandalism.
We suggest drivers with a vehicle less than 10 years old or worth more than $3,000 obtain either higher limits or additional coverage. In the event you are underinsured and involved in an accident, you could find yourself paying expensive out-of-pocket fees.
Cheap car insurance for drivers with prior incidents
Accidents and traffic citations can significantly increase your annual premiums. Drivers with a history of driving under the influence (DUI) or speeding are likely to repeat these incidents, making them high-risk for insurers to cover. As a result, finding inexpensive policies can be difficult.
To mitigate the shopping process, we found the cheapest full coverage policy for drivers with the following backgrounds:
Find Cheap Auto Insurance Quotes in Vermont
Cheapest for drivers with an accident: Concord Group
Vermont drivers with an accident on their driving record may be able to find cheap full coverage car insurance quotes at Concord Group, State Farm and Nationwide.
Having a single accident on your driving record can increase your auto insurance quotes substantially.
The annual difference in car insurance quotes in Vermont for a full coverage plan with no accident history versus a plan with one accident is $705.
Cheapest car insurance for people with a speeding ticket: Concord Group
Acquiring a speeding ticket increases Vermont drivers' annual premiums by an average of 15%. According to our analysis, if you have recently been caught speeding, you can find the most inexpensive full coverage auto insurance with Concord Group.
To ensure you receive the best price for your background, you should check out these two alternatives: Geico and State Farm. Both companies are around the same price range as Concord Group.
Cheapest car insurance for drivers with a DUI: State Farm
DUIs are serious offenses that can result in numerous consequences. It's no surprise that if you are charged with a DUI, you will most likely be paying more for auto insurance than drivers with a clean record.
Out of the seven largest insurers in Vermont, State Farm is by far the cheapest for full coverage, according to our analysis. The second best low-cost option is Concord Group, which is $606 more than State Farm.
Cheapest car insurance for drivers with poor credit: Concord Group
The insurers that offer the cheapest full coverage car insurance for drivers with bad credit are Concord Group, Geico and Nationwide.
Your credit score is one of the many factors insurers take into consideration when creating a quote estimate. Drivers with poor credit tend to spend more on auto insurance than drivers with an average credit score.
Cheapest car insurance for married drivers: Concord Group
Married drivers can receive the most affordable car insurance rates for full coverage from Concord Group, Nationwide and Geico.
Oftentimes, married drivers receive cheaper insurance rates than unmarried drivers. In Vermont, car insurance for married drivers costs 7% less than insurance for single drivers. However, some companies do not have any price difference between their single and married drivers. Married drivers insured by State Farm, for instance, pay no less than their single counterparts.
Cheapest car insurance for young drivers: Concord Group
Young drivers typically have only a few years of driving experience under their belt. As a result of this inexperience, drivers in their teens and 20s tend to receive higher car insurance rates than older individuals.
Concord Group offers the cheapest rates, by far, to young people. The average 18-year-old driver insured under Concord Group pays $2,464 annually for a full coverage plan.
Drivers who currently or previously served in the military are eligible to obtain an auto insurance policy from USAA, which has the most affordable policy overall. Family members of eligible USAA drivers are also able to obtain a quote from the company.
USAA is excluded from rankings because it is only available to current and former military members and their families.
Drivers who have already weighed all their options and compared quotes from multiple companies can take a few additional steps to obtain lower rates.
Teens signing onto their parents' insurance to form a combined policy will pay less than if they had a separate policy. Many insurers also have discounts available for their drivers that you may already qualify for.
Cheapest for young drivers with one accident: Concord Group
Having an accident on record negatively affects your car insurance rate. This price increase can be detrimental for young people, who already face high premiums.
The best way to mitigate high costs is to compare quotes from multiple insurers. Concord Group, the cheapest Vermont insurer for full coverage, is $5,658 less expensive than Allstate, the state's most expensive insurer.
Cheapest for young drivers with one speeding ticket: Concord Group
Speeding tickets have a similar effect on your auto insurance rates as accidents. Both increase your premium costs.
If you have a speeding ticket on your record, we recommend you contact Concord Group for the best rates. The average cost of the company's annual full coverage premium is $2,756 — nearly half as much as the average Vermont speeder spends on a full liability policy.
Best car insurance companies in Vermont
Customer service is one of the most important parts of an insurance policy, and based on our survey, the best auto insurance companies for customer service in Vermont are:
- State Farm
Percentage of respondents overall extremely satisfied with most recent claim
Percentage of respondents who rated customer service as "excellent"
To find the best auto insurance companies in Vermont, we also looked at the complaint ratios for the largest companies in the state, using data from the National Association of Insurance Commissioners (NAIC).
Based on complaint ratio, Concord Group, Nationwide and Allstate had the best customer feedback.
A complaint ratio measures how many complaints each company receives per $1 million of premiums they receive and is an indication to us of the quality of a carrier's customer service and satisfaction. The lower the ratio, the fewer complaints a company received relative to its share of premiums underwritten, meaning that customers were less likely to complain.
2019 NAIC complaint index
2020 J.D. Power claims satisfaction
AM Best rating
Cheap car insurance in Vermont by city
Where you live is a major factor in determining average auto insurance rates. For instance, densely populated areas and cities with high crime rates tend to have expensive auto insurance rates. We've ranked every Vermont city from those with the cheapest full coverage auto insurance rates to the most expensive per year.
Average annual cost
Percentage difference from average
Vermont rate changes by company
In Vermont, auto insurance providers decreased their premiums by 2.9% in 2020, continuing a cycle of lower rates from the past few years. State Farm showed the most significant decrease in premiums, lowering prices 18.6% compared to 2019. A few other insurance providers in Vermont also opted to decrease their rates. For example, Progressive and Vermont Mutual reduced their rates by 4.5% and 1.3%, respectively.
Premiums written (millions) 2019
Rate change 2019
Rate change 2020
|Patrons Co-operative Fire Insurance||$15.1||5.4%||0.0%|
Minimum auto insurance requirements in Vermont
Vermonters need to have a minimum amount of car insurance in order to drive. By getting minimum coverage, you can dramatically reduce the cost of your policy. However, full coverage auto insurance may be more appropriate for some drivers.
Below we've included the minimum coverage limits for Vermont drivers:
- Bodily injury liability insurance: $25,000 per person and $50,000 per accident
- Property damage liability insurance: $10,000 per accident
- Uninsured/underinsured motorist bodily injury insurance: $50,000 per person and $100,000 per accident
- Uninsured/underinsured motorist property damage insurance: $10,000 per accident
We recommend Vermont drivers consider higher liability limits, as well as comprehensive and collision coverage. Minimum coverage plans may not be enough to fully cover the cost of damage in an expensive accident or protect against any damage caused to your automobile.
Recap of the cheapest auto insurance in Vermont
- Minimum coverage: State Farm
- Full coverage: Concord Group
- After an at-fault accident: Concord Group
- After a speeding ticket: Concord Group
- After a DUI: State Farm
- Poor credit history: Concord Group
- Married couples: Concord Group
- Young drivers: Concord Group
- Young drivers with one accident: Concord Group
- Young drivers with a speeding ticket: Concord Group
We collected thousands of rates from ZIP codes across Vermont for the largest 10 insurers. We used a sample driver with the following profile:
- 30-year-old man
- Drives a 2015 Honda Civic EX
- Average credit
The base policy for the study was a full-coverage policy with the following limits:
|Bodily liability||$50,000 per person/$100,000 per accident|
|Personal injury protection||$10,000|
|Property damage||$25,000 per accident|
|Uninsured/underinsured motorist bodily injury||$50,000 per person/$100,000 per accident|
|Comprehensive and collision||$500 deductible|
For our minimum-coverage policy, we quoted a policy with the minimum required limits in Vermont, above.
For other rates analyses (age, credit score, accident history and marriage status) the base policy listed above was alternated to reflect the new driver.
ValuePenguin's analysis used insurance rate data from Quadrant Information Services. These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes may be different.