Vermont Auto Insurance

Auto insurance in Vermont

Vehicle owners are obliged under the current laws to purchase a valid insurance policy, which will help them stay protected in case of accidents. Whether they are using their vehicle for personal or professional purposes, having insurance is a must. Without a valid insurance policy, they are liable for fines up to $1,000 and might even have their driver's license or vehicle registration suspended, for up to six months. If you are looking to discover more information on the topic of auto insurance in Vermont, all you have to do is keep on reading.

What type of car insurance do you legally in Vermont?

According to the Mandatory Liability Insurance Act, all Vermont residents who intend to operate a moving vehicle must purchase a liability insurance policy. If the mandatory insurance is missing, the respective vehicle registration will be suspended for several months or more. The local authorities in Vermont also have access to an online insurance verification system, which allows them to determine whether a vehicle is insured or not.

For a resident to operate a vehicle in the state of Vermont, the associated car insurance must comply with certain guidelines. These include: bodily injury liability ($50,000 per accident and $25,000 per person), property damage liability ($10,000 per accident), uninsured motorist bodily injury ($50,000 per accident and $25,000 per person), and uninsured motorist property damage coverage ($10,000). The full coverage insurance is more advantageous than the minimum liability coverage, including options such as comprehensive and collision insurance. Specialists recommend choosing a higher liability coverage limit than the one imposed by law in Vermont. Thus, you will be protected, no matter the nature of the accident.

The above-mentioned sums refer to the maximum amount insurance providers are willing to pay, should you be involved in an accident for which you are at fault. The law requires that all vehicle owners carry a copy of their insurance policy while driving. Naturally, it is illegal to drive without insurance in Vermont, with consequences including legal fines and suspension of your driver's license or vehicle registration, as previously stated. Should one continue to drive without a valid insurance policy, jail time might be legally enforced (repeated infraction).

Average cost of auto insurance in Vermont

The state minimum auto insurance policy in Vermont has a value of $335. However, a full coverage insurance policy has an average value of $1,158 per year. Collision and comprehensive coverages are not included in this policy, which means you will have to calculate your budget accordingly. Several factors influence the overall insurance rates, including: type of vehicle, presence of prior insurance, number of miles driven, location, driving record, age, gender, and marital status. It is for the best to choose an insurance policy with a wide coverage, staying away from those that are too cheap.

The average cost of auto insurance varies from one state to the other. This is true for both the minimum and full coverage, including when it comes to options such as comprehensive and collision insurance. The factors influencing these values include: weather-related accidents, at-fault accidents, number of drivers in accordance with the general population, number of uninsured drivers in the respective location, road conditions, etc.

Vermont has a significantly lower rate for the average car insurance than the national median, which is around $1,770. Among the states that have more expensive policies, there are: California, Colorado, Florida, Louisiana, Michigan, Nevada, New York, and Pennsylvania. As for the most affordable states, these include: Maine, Nebraska, New Mexico, North Dakota, Oregon, Tennessee, Washington, and Wisconsin. New York has the most expensive auto insurance, with $2,996 for the full coverage and $1,339 for the minimum one. Maine is the most affordable when it comes to such insurance policies, with $876 for the full coverage, respectively $227 for the minimum one.

Within the state of Vermont, there are noticeable differences between the various cities. Essex Junction has some of the most attractive rates to offer, while Bennington stands at the top of the list in terms of costs. The average annual premiums are as follows: Essex Junction - $1,112; South Burlington - $1,122; Burlington - $1,143; Rutland - $1,162; Bennington - $1,188.

The age of the driver is one of the primary factors influencing the auto insurance value. This type of insurance is more expensive for young drivers, as they are seen by insurance companies as more prone to causing accidents. A teenage driver must cover an annual premium of over $7,700, as opposed to a middle-aged driver, who might expect a premium that is close to $2,000. There are also slight differences between genders, with men benefitting from more affordable rates. The same can be said for married couples, who benefit from the most affordable coverages, as opposed to those who are single, divorced, or widowed.

In calculating the value of a potential coverage policy, auto insurance companies will analyze the driver's credit history, among other factors. A driver with exceptional credit can save valuables sums on his/her car insurance premium, in contrast to someone with a poor credit history, who might struggle to cover the high rates. Prior driving offenses, such as reckless driving, at-fault accidents, speeding, and reckless driving, will increase the overall rates as well. Usually, the rates vary in accordance with the type of coverage. You can add both comprehensive and collision insurance to the state minimum policy, in order to increase the level of protection offered.

Did not find your city or county on the list? Please use our auto insurance companies search box at the top to locate all the best auto insurance quotes in Vermont. Find car insurance in Vermont by city, zip code or county name.

Finding the right auto insurance in Vermont

If you are struggling to discover the right insurance policy, perhaps you might benefit from our assistance. With years of experience and knowledge accumulated in the field of auto insurance, we are happy to help drivers discover the best policies for their needs, giving careful consideration to the available budget. All you have to do is give us a call and we will be more than pleased to provide the desired support. This service is 100% free and it will save you from a complicated research process, so you can focus on more important matters.