Updated: October 3, 2024
Advertising & Editorial Disclosure
MoneyGeek's car insurance calculator will give you a customized estimate of your auto insurance cost. It's free to use, requires no personal information and we won't send you any spam.
Rates updated:
Nov 20, 2024
Although MoneyGeek partners with some of the companies we recommend, our content is written and reviewed by an independent team of writers, editors and licensed agents. Learn more about our editorial policies and expert editorial team.
Although MoneyGeek partners with some of the companies we recommend, our content is written and reviewed by an independent team of writers, editors and licensed agents. Learn more about our editorial policies and expert editorial team.
For a quick estimate of how much you’ll pay for car insurance in Vermont, use MoneyGeek’s car insurance calculator. It gives you an almost-instant ballpark figure across various providers.
Car insurance costs vary based on several factors. MoneyGeek’s analysis determines car insurance costs in Vermont, as well as the factors with the highest impact on those costs.
Vermont insurers request a wide range of personal information before providing you with an accurate car insurance quote. For most providers, the process takes between 10 and 15 minutes.
You can use the MoneyGeek car insurance calculator to see approximately how much your car insurance might cost per month or year. The figure is based on your driving record, age, car type and the coverage levels. Some factors have more influence on your costs than others.
The top factors in Vermont are adding a teen driver to your policy, your age and your credit score.
The cheapest car insurance provider depends on several factors, and MoneyGeek’s car insurance calculator for Vermont can give you a quick estimate. Based on our default driver, the most affordable and widely available insurer is Vermont Mutual, at an average of $202 per year.
Although cost is important, customer service and availability of the coverages you need should also be a top consideration when you’re choosing an insurance provider.
Using MoneyGeek’s calculator can get you a close estimate of your car insurance premiums. You can also obtain estimates by browsing our list of sample drivers with the cheapest car insurance in Vermont.
To better understand how costs vary nationwide compared to Vermont, you can check the average cost of insurance in Vermont.
To find an insurer that balances service quality and affordability, you can use MoneyGeek’s ratings of Vermont's best car insurance providers.
Insurers in Vermont use several factors to calculate car insurance rates, including gender, age, coverage levels, credit score and model of your car.
MoneyGeek found that the factors that influence car insurance costs in Vermont the most are adding a teen driver to your policy, your age and your credit score.
If you add a teen driver to your policy in Vermont, for example, your cost of insurance can spike by as much as 3.2x.
Families who add teen drivers to their policies tend to pay more for their car insurance. Teen drivers are riskier to insure because they lack experience and are more likely to cause accidents. Research shows that 75% of serious crashes by teen drivers are caused by speeding, distraction and poor scanning for road hazards.
In Vermont, your rates can increase by as much as 3.2x when you add a teen driver to your car insurance policy.
While calculating how much car insurance costs in Vermont, insurers consider age significant. By default, young drivers pay more for car insurance than older adults.
The cheapest car insurance in Vermont is for a 40-year-old driver. Younger drivers, between the ages of 19 and 20, on the other hand, pay the highest rates. Based on your age, you can pay as much as 2.5x more for car insurance in the state.
The cost of your car insurance also depends on the coverage amount you choose. A policy with higher coverage levels gives you more protection but also costs more.
The cheapest car insurance in Vermont is a state minimum liability-only policy, while the most expensive is a full coverage policy with 100/300/100 liability and a $500 deductible. This policy costs approximately 2.2 x more than the state minimum.
Your credit score impacts how much you pay for car insurance in Vermont. The lower your score, the more you’ll pay for your car insurance and vice versa. If you have a good credit score, you’ll pay less for car insurance.
Typically, having poor credit in Vermont can increase your rates by 2.3x.
The type of car you drive also influences your car insurance rates in Vermont. High-value cars with expensive parts and repair bills attract higher premiums. Luxury sports cars also feature high insurance costs, while SUVs, sedans and other less-expensive models have lower rates.
Depending on your car’s model, you can pay as much as 2x more for car insurance.
How much car insurance you purchase determines your rates. Calculating how much car insurance you need in Vermont allows you to secure coverage that fits your budget and protection needs.
Vermont law requires drivers to have a certain level of bodily injury liability insurance, property damage coverage and uninsured/underinsured motorist coverage. Depending on your needs, you may also purchase extra liability insurance and full coverage insurance.
Drivers can determine how much car insurance they need by researching [Vermont minimum car insurance requirements]https://www.moneygeek.com/insurance/auto/state-laws-minimum-requirements-vermont/).
Basically, Vermont drivers must have a minimum coverage of 25/50/10, which is $25,000 in bodily injury per person, $50,000 for bodily injury per accident and $10,000 per accident for property damage. You’re also required to have $50,000 in uninsured/underinsured coverage for bodily injury per person and $100,000 per accident.
If you need more protection, you can increase your limits or purchase full coverage insurance.
The state minimum policy offers standard protection during an accident. To get more coverage, you may need liability insurance.
Minimum liability insurance costs an average of $387 per year in Vermont. If you increase your bodily injury liability coverage to $300,000, you will pay an average of $473 per year.
You can also determine whether you need a full coverage policy based on your insurance needs, although it will cost you more. While comprehensive and collision insurance is not a requirement under Vermont law, some lenders might require it if you’re leasing or financing a vehicle purchase.
If you add comprehensive and collision coverage with a $1,000 deductible to your policy, you will pay about $310 per year in Vermont. If your car replacement value is quite low, you may wish to exclude this coverage and save that yearly expense.
Vermont drivers are required to have uninsured/underinsured motorist coverage. It will help protect against accidents with a driver who doesn’t have insurance or has too little. In Vermont, the percentage of uninsured motorists is 8.8% which may be why the state requires uninsured motorist coverage.
While personal injury protection (PIP) coverage is not compulsory in Vermont, you can purchase medical payments insurance. Known as MedPay, it’s an add-on that covers your medical expenses in an accident regardless of fault.
Car insurance rates in Vermont vary significantly depending on factors like your age, credit score and coverage amount. MoneyGeek responds to some of the commonly asked questions to ensure you understand how to calculate insurance premiums in Vermont.
You can get an accurate quote for your car insurance rates directly from insurers or use the MoneyGeek car insurance calculator for Vermont to get a ballpark figure.
Various factors determine car insurance costs in Vermont. However, the most significant are adding a teen driver to your policy, your age and your credit score.
Start with what’s required in Vermont: minimum coverage of 25/50/10 and uninsured/underinsured coverage. Then think about whether you want to increase liability limits, purchase full coverage car insurance or add additional coverages.
MoneyGeek partnered with Quadrant Data Services to get car insurance quotes from across Vermont. Our data science team analyzed how personal factors impacted cost and incorporated our findings into our calculator to provide users with an accurate estimate of their expected yearly auto insurance costs. Read more about our methodology here.
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.
