Best Car Insurance in Vermont

The #1 car insurance company is State Farm because it is the largest auto insurer in the U.S., with a market share of 16%. State Farm insures over 80 million people and offers coverage in all 50 states.

Largest Auto Insurance Companies in America

Together, these 10 companies own more than 70% of the auto insurance market share in the U.S. As a result, it shouldn't come as a surprise that these companies tend to be the best options for most types of drivers.

Best Car Insurance Companies by Category

To learn more, check out WalletHub's guides to the best car insurance and the largest auto insurers.

Drivers in Vermont need $25,000 of bodily injury liability insurance per person (up to $50,000 per accident) and $10,000 of property damage liability insurance. Vermont also requires uninsured motorist protection. UM replaces the liability coverage an at-fault driver should've had and pays for your costs up to your policy limits.

Here's How Much Car Insurance Drivers Need in Vermont:

If you lease or finance your car, you may be required to carry coverage types that are not mandatory under Vermont law. Lenders usually require comprehensive and collision insurance. Collision insurance covers repairs to your car when you hit another car or object. If the damage to your vehicle was caused by something other than a collision—like a natural disaster, vandalism, falling objects, or animals—it is most likely covered by comprehensive insurance. Lenders may also require gap insurance, which covers the difference between what you owe on your loan or lease and what the vehicle was worth if it gets stolen or totaled.

Even if you're not required to carry these optional coverage types, you may still need them. You can learn more about when to drop optional coverage and the penalties for driving without insurance in Vermont to make sure you're paying for the coverage you need.

Car insurance in Vermont is $27 per month for minimum coverage and $101 per month for full coverage, on average. The cheapest insurance companies in Vermont are State Farm, Geico and Auto-Owners, and getting quotes from several companies can help you find the best deal.

Average Cost of Car Insurance in Vermont by Category

• Clean driving record: $27 per month
• After an at-fault accident: $51 per month
• Driver with poor credit: $51 per month
• Teen driver: $74 per month
• After a DUI: $60 per month

The average cost of car insurance in Vermont is 56% lower than the national average auto insurance premium, and Vermont ranks 4 out of 50 for the most affordable car insurance rates in the U.S.. There are several factors that affect how much you'll pay for car insurance in Vermont, including your driving record, age, location, the amount of coverage that you purchase, and the insurance company you buy it from.

Finally, it's worth noting that car insurance premiums in Vermont are low, compared to the cost of coverage in neighboring states like New Hampshire and New York. You can find more details in the table below.

Cost of Car Insurance in Vermont vs. Neighboring States

Note: Rates are an approximation based on a driver in Vermont with minimum coverage. Actual rates will vary.

The minimum liability car insurance requirements in Vermont are $25,000 in bodily injury liability insurance per person ($50,000 per accident) and $10,000 in property damage liability insurance. These requirements can also be written as 25/50/10.

Liability insurance pays for others' medical expenses and property damage after an accident you were responsible for. In addition, drivers in Vermont will need to purchase $50,000 per person, $100,000 per accident, and $10,000 in property damage uninsured/underinsured motorist coverage to satisfy the state's minimum car insurance requirements.

Types of Car Insurance Required in Vermont

• Bodily injury liability (BI)
• Property damage liability (PD)
• Uninsured motorist (UM)
• Underinsured motorist (UIM)
• Uninsured motorist property damage (UMPD)

If Vermont drivers do not purchase at least the minimum amounts of car insurance coverage required by Vermont law, they can face penalties for driving without insurance.

Drivers should also consider purchasing other types of car insurance in order to better protect themselves, given that liability insurance does not provide any coverage for the policyholder's own injuries or property. For instance, both collision insurance and comprehensive insurance cover damage to the policyholder's car. You will likely need these types of insurance if your vehicle is financed.

To learn more, check out WalletHub's guides on how much car insurance you need and cheap car insurance in Vermont.

Full coverage insurance in Vermont costs an average of $216 per month. A full coverage policy usually includes collision and comprehensive insurance, plus the types of coverage required by Vermont law. In Vermont, liability insurance and uninsured motorist coverage are mandatory for all drivers.

Average Cost of Full Coverage Insurance in Vermont

Note: Premiums are average rates for a good driver in Vermont; individual premiums will vary.

How to Get Cheaper Full Coverage Insurance in Vermont

1. Compare quotes from several companies to make sure you're getting the best deal.
2. Increase your deductible. Higher deductibles lead to lower premiums, but remember to only pick a deductible you'd be able to afford in an emergency.
3. Don't forget to make sure you're getting all the discounts you can.

To learn more, check out WalletHub's guide to full coverage car insurance.