Cheapest Auto Insurance Quotes in Vermont (2022)
Cheapest Auto Insurance Quotes in Vermont (2022)
State Farm has the best cheap car insurance in Vermont, at $282 per year, or $24 per month, for minimum liability coverage.
Car insurance rates vary depending on where you live, your driving background, age, marital status and insurer. In Vermont, there is a difference of $553 per year between the most expensive and least expensive insurer for average minimum coverage, and $1,416 per year for full coverage. We recommend comparing quotes from multiple companies to ensure you're paying the best rate.
Cheapest car insurance in Vermont: State Farm
State Farm has the cheapest minimum-coverage insurance rates in Vermont. At only $282 per year, or $24 per month, a policy from State Farm is 41% less expensive than the state average.
The average cost of car insurance in Vermont is $474 per year, or $40 per month, for minimum liability.
Active duty military members, veterans and their families can take advantage of even better rates from USAA — $247 per year.
Find Cheap Auto Insurance Quotes in Vermont
Company | Annual rate | Monthly rate |
|---|---|---|
| State Farm | $282 | $24 |
| Concord | $417 | $35 |
| Allstate | $447 | $37 |
| Geico | $447 | $37 |
| Nationwide | $680 | $57 |
| Progressive | $800 | $67 |
| USAA | $247 | $21 |
USAA is only available to current and former military members and their families.
Unlike a full-coverage insurance policy, minimum coverage doesn't include comprehensive and collision coverage. Collision and comprehensive coverage offer protection for damage as a result of a collision, theft, vandalism or natural disaster — regardless of who's at fault.
Although minimum-coverage insurance usually costs less, purchasing lower liability coverage limits and opting out of comprehensive and collision coverage put you at risk financially if you're involved in an expensive accident.
Cheapest full-coverage car insurance in Vermont: State Farm
State Farm also offers the most affordable full-coverage policies in Vermont — $729 per year, and 46% cheaper than the state average.
Company | Annual rate | Monthly rate |
|---|---|---|
| State Farm | $729 | $61 |
| Concord | $1,005 | $84 |
| Geico | $1,274 | $106 |
| Nationwide | $1,467 | $122 |
| Allstate | $2,041 | $170 |
| Progressive | $2,145 | $179 |
| USAA | $863 | $72 |
USAA is only available to current and former military members and their families.
The average price of a full-coverage policy in Vermont is almost three times the cost of the average minimum liability policy. Although full coverage is $74 per month more expensive, on average, having higher limits could save you money in the long run if you're involved in an expensive accident.
Cheap car insurance for drivers with prior incidents
Accidents and traffic citations can significantly increase your auto insurance rates. Drivers with a history of driving under the influence (DUI) or speeding are considered high-risk because they're more likely to be involved in an accident, making them more expensive for insurers to cover.
Find Cheap Auto Insurance Quotes in Vermont
Cheapest car insurance after a speeding ticket: State Farm
Drivers with a recent speeding ticket can find the best rates with State Farm. A full-coverage policy costs $797 per year — 50% cheaper than the state average.
Company | Annual rate | Monthly rate |
|---|---|---|
| State Farm | $797 | $66 |
| Concord | $1,175 | $98 |
| Geico | $1,563 | $130 |
| Nationwide | $1,775 | $148 |
| Allstate | $2,319 | $193 |
| Progressive | $2,582 | $215 |
| USAA | $988 | $82 |
USAA is only available to current and former military members and their families.
On average, Vermont drivers can expect an 18% rate increase after receiving a single speeding ticket. However, the amount varies based on your insurer. While State Farm only increases rates by 9%, drivers insured with Geico pay 23% more after an infraction.
Cheapest car insurance after an accident: State Farm
Vermont drivers with an accident on their driving record can to find cheap full-coverage car insurance quotes at State Farm. Its annual rate is $865, which is 57% cheaper than the state average.
Company | Annual rate | Monthly rate |
|---|---|---|
| State Farm | $865 | $72 |
| Concord | $1,527 | $127 |
| Nationwide | $2,171 | $181 |
| Geico | $2,294 | $191 |
| Allstate | $2,856 | $238 |
| Progressive | $3,170 | $264 |
| USAA | $1,208 | $101 |
USAA is only available to current and former military members and their families.
Drivers with an accident history in Vermont pay $653 more on average for full-coverage insurance than drivers with a clean record — a 48% increase in premium.
Cheapest car insurance after a DUI: Concord
Concord offers the most affordable full-coverage insurance for Vermont drivers with a DUI citation, at $1,697 per year — 30% cheaper than the state average.
DUIs are serious offenses that come with a significant increase in your car insurance cost. On average, insurance rates in Vermont go up by 78% after a DUI charge.
Company | Annual rate | Monthly rate |
|---|---|---|
| Concord | $1,697 | $141 |
| State Farm | $2,005 | $167 |
| Progressive | $2,534 | $211 |
| Allstate | $2,764 | $230 |
| Nationwide | $2,788 | $232 |
| Geico | $3,419 | $285 |
| USAA | $1,766 | $147 |
USAA is only available to current and former military members and their families.
Cheapest car insurance for drivers with poor credit: Concord
Concord offers the best rates for Vermont drivers with a low credit score. The state average is $2,026 per year, but the average rate from Concord is 32% cheaper, at $1,384 per year.
Company | Annual rate | Monthly rate |
|---|---|---|
| Concord | $1,384 | $115 |
| Geico | $1,563 | $130 |
| Nationwide | $1,760 | $147 |
| State Farm | $2,008 | $167 |
| Allstate | $2,574 | $215 |
| Progressive | $3,269 | $272 |
| USAA | $1,622 | $135 |
USAA is only available to current and former military members and their families.
Cheapest car insurance for married drivers: State Farm
Married drivers can find the most affordable car insurance rates from State Farm, where a full-coverage policy costs $729 per year.
Married drivers often get cheaper insurance rates than unmarried drivers because they are less likely to be involved in an accident. In Vermont, car insurance for married drivers costs 10% less than insurance for single drivers. However, some companies do not have any price difference between their single and married drivers. For instance, married drivers insured by State Farm pay the same rate as their unmarried counterparts.
Company | Annual rate | Monthly rate |
|---|---|---|
| State Farm | $729 | $61 |
| Concord | $846 | $71 |
| Geico | $1,209 | $101 |
| Nationwide | $1,347 | $112 |
| Progressive | $1,802 | $150 |
| Allstate | $1,872 | $156 |
| USAA | $754 | $63 |
USAA is only available to current and former military members and their families.
Cheapest car insurance for young drivers in Vermont: Concord
Concord offers the cheapest rates to young drivers in Vermont. The average 18-year-old driver insured with Concord pays $825 per year for minimum coverage and $1,911 for full coverage.
Drivers who are eligible for USAA can take advantage of even more affordable minimum-coverage rates. At $600 per year, a policy with USAA is $225 cheaper than Concord and $718 less than the state average.
Company | Liability only | Full coverage |
|---|---|---|
| Concord | $825 | $1,911 |
| State Farm | $894 | $2,283 |
| Allstate | $897 | $5,364 |
| Geico | $1,634 | $4,831 |
| Progressive | $1,849 | $4,582 |
| Nationwide | $2,529 | $5,470 |
| USAA | $600 | $2,006 |
USAA is only available to current and former military members and their families.
Young drivers typically have only a few years of driving experience under their belts. As a result, drivers in their teens and early 20s tend to pay higher car insurance rates than older individuals.
In Vermont, an 18-year-old driver pays nearly three times as much for car insurance than a 30-year-old driver.
We recommend younger drivers share a policy with a parent or other older driver, if possible, which often results in more affordable rates.
Cheapest car insurance for young drivers after a speeding ticket: Concord
Young drivers in Vermont with a recent speeding ticket can find the cheapest car insurance rates at Concord. A minimum-coverage policy for an 18-year-old costs $964 per year, which is 33% less than the state average.
Young drivers can expect a 9% increase in their insurance rates after a single speeding ticket.
Company | Annual rate | Monthly rate |
|---|---|---|
| Concord | $964 | $80 |
| State Farm | $990 | $83 |
| Allstate | $995 | $83 |
| Geico | $1,720 | $143 |
| Progressive | $2,045 | $170 |
| Nationwide | $2,712 | $226 |
| USAA | $645 | $54 |
USAA is only available to current and former military members and their families.
Cheapest car insurance for young drivers after an accident: State Farm
If you, as an 18-year-old, have an accident on your record, State Farm has the best rates in Vermont. The average cost of the company's minimum-coverage policy is $1,086 — 32% less than the state average.
Company | Annual rate | Monthly rate |
|---|---|---|
| State Farm | $1,086 | $91 |
| Concord | $1,230 | $103 |
| Allstate | $1,379 | $115 |
| Geico | $1,806 | $151 |
| Progressive | $2,241 | $187 |
| Nationwide | $2,773 | $231 |
| USAA | $719 | $60 |
*USAA is only available to current and former military members and their families.
On average, young drivers pay 22% more for insurance after an at-fault accident in Vermont. Not all insurers raise rates by the same amount, though. Although Nationwide's rates are the most expensive, the company has the lowest rate increase, at 10%. On the other hand, Allstate premiums with Allstate go up by 54% after an accident.
Best car insurance companies in Vermont
USAA is our pick for the best car insurance company in Vermont. It earned high marks from our editors, a best-in-class J.D. Power customer satisfaction score and the best financial stability rating.
Drivers who are not eligible for USAA should consider State Farm. It also received excellent scores in all categories, and offers very affordable rates for most Vermont drivers.
Company |
Editor's rating
|
JD Power
|
AM Best
|
|---|---|---|---|
| State Farm | 855 | A++ | |
| Geico | 841 | A++ | |
| Nationwide | 823 | A+ | |
| Progressive | 840 | A+ | |
| Allstate | 810 | A+ | |
| USAA | 887 | A++ | |
| Concord | NR | NR | A |
Our editor's rating is determined by analyzing each company's rates in relation to its competitors, the policy coverages it offers and customer satisfaction scores.
J.D. Power's Auto Claims Satisfaction Study is an annual nationwide survey that polls insurance customers about their experience filing claims with their insurer. Higher scores are better, and the best possible rating is 1,000.
A.M. Best's Financial Strength Rating is a letter grade that describes the overall financial health of an insurance company and its ability to pay out claims. The best score available is "A++". All of the companies we considered have a Financial Strength Rating from A.M. Best of "A" or better, meaning they have an "Excellent" or "Superior" ability to pay out claims, even in difficult economic times.
Average car insurance rates in Vermont by city
Drivers in Corinth and Tunbridge pay the cheapest full-coverage car insurance rates in Vermont, while those in Taftsville pay the highest premiums.
Where you live can impact your auto insurance rates as much as your driving history. However, car insurance rates in Vermont don't fluctuate significantly from city to city. There is only a $85-a-year difference between the most and least expensive locations.
City | Average annual rate | Percent from average |
|---|---|---|
| Adamant | $1,354 | 0% |
| Albany | $1,375 | 1% |
| Alburgh | $1,349 | -1% |
| Arlington | $1,371 | 1% |
| Ascutney | $1,383 | 2% |
Minimum auto insurance requirements in Vermont
Vermont, like most states, requires drivers to have a minimum amount of car insurance in order to drive legally in the state. These minimum insurance limits pay for injuries sustained by another driver and damage to their vehicle. They also cover your own losses if you're involved in an accident with a driver who does not have insurance, or whose policy doesn't offer sufficient coverage.
Coverage | Limit |
|---|---|
| Bodily injury liability | $25,000 per person/$50,000 per accident |
| Property damage liability | $10,000 per accident |
| Uninsured/underinsured motorist bodily injury | $50,000 per person/$100,000 per accident |
| Uninsured/underinsured motorist property damage | $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 car.
Recap of the cheapest car insurance in Vermont
- Minimum coverage: State Farm
- Full coverage: State Farm
- After a speeding ticket: State Farm
- After an at-fault accident: State Farm
- After a DUI: Concord
- Poor credit history: Concord
- Married drivers: State Farm
- Young drivers: Concord
- Young drivers after a ticket: Concord
- Young drivers after an accident: State Farm
Frequently asked questions
What is the average cost of car insurance in Vermont?
The average cost of car insurance in Vermont is $40 per month, or $474 per year, for a minimum coverage policy. The average cost for a full coverage policy is $114 per month, or $1,368 per year.
Who has the cheapest car insurance in Vermont?
State Farm has the cheapest auto insurance in Vermont. The company offers minimum-coverage insurance for $282 per year and full-coverage insurance for $729 per year.
Who has the best car insurance in Vermont?
USAA is our recommendation for best insurer in Vermont based on its high rating from our editors. State Farm is a great alternative for drivers who aren't eligible for USAA.
How much is car insurance in Burlington?
Drivers in Burlington pay $1,373 per year for full-coverage insurance, on average. Those who reside in South Burlington pay slightly less for car insurance — $1,350 per year.
average car insurance vermont
Methodology
We collected thousands of rates from ZIP codes across Vermont for the largest insurers in the state. We used a sample driver with the following profile:
- 30-year-old male
- Drives a 2015 Honda Civic EX
- Average credit
The base policy for the study was a full-coverage policy with the following limits:
Coverage type | Study limits |
|---|---|
| Bodily injury liability | $50,000 per person/$100,000 per accident |
| Property damage liability | $25,000 per accident |
| Uninsured/underinsured motorist bodily injury | $50,000 per person/$100,000 per accident |
| Uninsured/underinsured motorist property damage | $10,000 per accident |
| Comprehensive and collision | $500 deductible |
For our minimum-coverage policy, we quoted a policy with the minimum required limits in Vermont. Young driver quotes were gathered based on minimum-coverage limits.
For other rates analyses (credit score, accident history and marital 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.
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.