Vermont
Car insurance quick facts
25/50/10
Minimum liability requirements
$1,300
Average annual car insurance cost
Immediately
Days to update your license
At-fault state
In at fault states, the driver who caused the accident pays for damages.
Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.
Updated
Unless you’ve lived in multiple states, you might not know that each enforces its own laws and minimum requirements when it comes to auto insurance. Here’s what to expect from your auto insurnace when you get behind the wheel and out on Vermont’s winding mountain roads.
Car insurance quick facts
In at fault states, the driver who caused the accident pays for damages.
Discover coverage that’s broader than competitors, valuable discounts up to 30% off and perks like shrinking deductibles that reward no claims.
Company | Direct premiums written (billions) | Market share |
---|---|---|
Progressive | $68,688 | 17.7% |
Geico | $57,791 | 14.90% |
Liberty Mutual | $35,104 | 9.10% |
State Farm | $31,769 | 8.20% |
Allstate | $22,414 | 5.80% |
Concord | $18,748 | 4.80% |
USAA | $18,608 | 4.80% |
Travelers | $15,357 | 4% |
Vermont Mutual | $15,131 | 3.90% |
Patrons Co-op Fire | $14,909 | 3.80% |
Vermont’s statewide averages for car insurance costs were right around $950 to $1,000 annually in 2017. In fact, only three states in the nation had lower average rates. The national average comes in at $1,300.
You’ll find quite a bit of cost differences across the state, though. For example, a driver in downtown Burlington might pay more than someone living on a farm 30 miles away. This is partly because living in an area with high population density typically means a vehicle is at higher risk for theft, vandalism and traffic accidents.
Because insurance providers base much of their policy cost calculations on a driver’s likelihood of filing claims, lower risk can translate into lower costs for the customer.
Of Vermont’s largest cities, Rutland has the cheapest rates and Essex Junction has the most expensive car insurance rates. Essex Junction drivers could face rates 3 times more than Rutland drivers.
Company | Annual car insurance rate |
---|---|
Allstate | $2834 |
Progressive | $2008 |
Liberty Mutual | $2093 |
Geico | $998 |
InsureMyTesla | $2093 |
Company | Annual car insurance rate |
---|---|
Allstate | $2588 |
Progressive | $2032 |
Liberty Mutual | $2342 |
Geico | $957 |
InsureMyTesla | $2342 |
Company | Annual car insurance rate |
---|---|
Allstate | $2578 |
Progressive | $2042 |
Liberty Mutual | $2093 |
Geico | $998 |
InsureMyTesla | $2093 |
Company | Annual car insurance rate |
---|---|
Allstate | $2578 |
Progressive | $1995 |
Liberty Mutual | $2093 |
Geico | $998 |
InsureMyTesla | $2093 |
Company | Annual car insurance rate |
---|---|
Allstate | $2578 |
Progressive | $1995 |
Liberty Mutual | $2097 |
Geico | $1000 |
InsureMyTesla | $2097 |
To legally drive in Vermont, you’ll need insurance that includes at least:
In addition, you’ll need to carry uninsured/underinsured motorist coverage with at least:
Yes. An SR-22 isn’t actually insurance, but rather a document proving to the state that you’re legally and legitimately insured. You might need an SR-22 in Vermont if you’ve gotten a DUI or you’re caught driving without car insurance.
Car insurance helps to protect you, your vehicle and everyone else on the road, and it’s legally required to get behind the wheel in the scenic state of Vermont. Vermont’s auto insurance rates are relatively low compared to national averages, but you could find ways to save even more if you’re willing to shop around and compare offerings from multiple providers.
To learn more about insurance regulations, discounts, policy extras and more, read our comprehensive guide to car insurance.
Compare car insurance companies near you.
Your information is secure.
Learn how insurance companies use identifying info from your VIN to set rates.
Ways to protect your assets and what you need to know about marital debt.
Which type of car insurance policy fits your car and driving needs?
Benefits and drawbacks of investing in insurance stocks.
If your child gets sick or injured and has to take time away from college, tuition insurance can reimburse you for what you already paid.
Most working Americans pay around $1,489 in premiums each year. Compare costs now.
Learn the common health reasons that lead to denials and how to get life insurance anyway.
Are birth and fertility talk the elephant in the womb? Finder research looks at birth rates, fertility rates and the average age of mothers in America.
Learn when your home insurance policy would and wouldn’t pay to remove this building material.
Check out the top 50 American car models, and find out what makes them American.