Vermont Car Insurance
Last Updated on April 24, 2020
Residents of Vermont are known for their love of the outdoors. During the cold winters, skiers and snowboarders from all over the country visit Vermont to take advantage of the fresh power on the mountaintops that run through the state. Snowmobiling is also very popular. During the mild summers, residents enjoy the warm respite by hiking, fishing, and camping. While many of Vermont’s activities take place in the great outdoors and require two feet and a considerable amount of skill, Vermont is a very rural state.
The largest city is Burlington with 42,000 people and after that, the population per town or city declines sharply. Since there aren’t many people, mass transportation systems are hard to justify and you need a car to get around Vermont. Maybe even a vehicle with four-wheel drive. Just make sure that when you’re driving, you’re driving with the proper insurance. You wouldn’t think about hitting the slopes without the proper protection. Don’t try to do it when driving.
Average Auto Insurance Prices in Vermont
Due to Vermont’s low population, reasonably safe driving record, and young driver graduated licensing system, the state enjoys some of the lowest insurance rates in the nation. It would make sense that one of the smallest states has the lowest rates. It’s important to remember that while the state you live in will have some bearing on your insurance rates, insurance companies also take other factors into consideration when determining your premium. Things like driving record, age, car make, model, and use, as well as your home address and credit score, can all help lessen or increase your premium. Remember that if you aren’t pleased with one quote, you aren’t necessarily bound to that insurer. Shop around for the best prices. Here are some guidelines to help you set your expectations.
- Current average annual auto insurance premiums in the United States: $1613.49
- Current average annual auto insurance premiums in Vermont: $1487.42
Average Insurance Rates for the Top Five Most Populated Cities
- Burlington: $1058
- South Burlington: $1019
- Rutland: $1318
- Montpelier: $1013
- Saint Albans: $1440
Vermont Minimum Auto Insurance Requirements
When you register your car in Vermont, there will be certain legal limits of insurance that you will need to apply for. As long as your insurance policy reflects these limits, you aren’t in danger of violating the law but you do put yourself and others at danger for being underinsured, which can sometimes be just as bad as not having any insurance at all. If you cause an accident and the damage is worth more than your insurance policy, you may end up paying the remaining balance out of pocket if the other party feels like pursuing the issue. Below are the legal limits for vehicle insurance and then a recommended amount. For the best protection, purchase the recommended amounts.
- Bodily Injury Liability per person: $25,000
- Bodily Injury Liability per accident: $50,000
- Property Damage Liability: $10,000
- Uninsured/Underinsured Motorist Bodily Injury per person: $50,000
- Uninsured/Underinsured Motorist Bodily Injury per accident: $100,000
- Uninsured Motorist Property Damage: $5,000
The following amounts and policies are recommended.
- Bodily Injury Liability per person: $100,000
- Bodily Injury Liability per accident: $300,000
- Property Damage Liability: $50,000
- Uninsured/Underinsured Motorist Bodily Injury per person: $100,000
- Uninsured/Underinsured Motorist Bodily Injury per accident: $300,000
- Uninsured Motorist Property Damage: $5,000
- Medical Payments: $5,000
- Collision: $500 deductible
- Comprehensive: $50 deductible
You’ll notice that some policies that aren’t legally required are still recommended. They are very inexpensive to add to your policy and help protect any damage or bodily injury you sustain from an accident.
Penalties for Driving Without Insurance in Vermont
It’s not a good day when you get caught driving without insurance. Initially, when you register your car with the Vermont DMV, you must provide proof of insurance. After that, there are multiple ways that you can go from insured to uninsured, the most common being letting your coverage lapse by not paying your bill. Maybe it seems like a good way to save a bit of money but it will cost you much more down the road. In addition to a traffic citation you could face the following penalties:
- Points against your license
- Financial responsibility insurance
- Driver’s license revocation
Financial responsibility insurance is a very expensive form of liability insurance that is often required if you’re in an uninsured accident.
How to Get Auto Insurance in Vermont
Searching for insurance isn’t quite as fun as searching for that perfect slope or finding that charming bed and breakfast but it’s a necessity. Here at Insurance Panda, we make sure that the search is a little bit easier when you use our auto insurance quote comparison tool. All you need to do is enter your zip code, fill out a brief form and you’ll then have access to some of the best insurance providers in Vermont.
Additional Vermont Auto Insurance Resources
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