The cheapest car insurance in Vermont is a minimum coverage policy from State Farm with an average monthly rate of $18 and an annual cost of $218. This rate presents a $99 savings compared to the state's average. These rates are from Quadrant Information Services and reflect the most affordable rates in Vermont as of December 2024. Read our research methodology to learn more about how we found the cheapest Vermont car insurance.
Cheapest Car Insurance in Vermont
Updated: December 19, 2024
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Key Takeaways
Vermont Mutual, State Farm, American Family, Allstate and Concord Group are the cheapest car insurance companies for most Vermont drivers as of December 2024.
The cheapest car insurance rates start at $18 per month for minimum coverage policies and $45 for full coverage on average.
On average, drivers in Vermont pay $26 per month for minimum coverage and $67 per month for full coverage.
What is the Cheapest Car Insurance in Vermont?
Cheapest Car Insurance Companies in Vermont
Vermont Mutual is the cheapest car insurance company for many drivers, with an average monthly cost of $32 for both minimum and full coverage. This is much lower than the state's average of $46. Other affordable options include State Farm, Allstate, American Family and Concord Group.
| Vermont Mutual | $32 | $14 |
| State Farm | $34 | $13 |
| American Family | $46 | $1 |
| Allstate | $46 | $0 |
We used combined minimum and full coverage rates for a 40-year-old driver with good credit and no driving violations to calculate these averages.
Best Car insurance Rates In Vermont
State Farm offers the most affordable car insurance for minimum coverage, while Vermont Mutual is the cheapest for full coverage in Vermont. While it's cost-effective for most, your personal background influences your rate. Below, we showcase affordable car insurance rates for various driving profiles.
| Minimum Coverage | State Farm | $18 |
| Full Coverage | Vermont Mutual | $45 |
| Drivers With Bad Credit | Allstate | $33 |
| Drivers With a DUI | State Farm | $20 |
| Drivers With an Accident | Vermont Mutual | $20 |
| Drivers With a Speeding Ticket | State Farm | $20 |
Read More: Cheapest Car Insurance
Cheapest Minimum Coverage Car Insurance in Vermont
Along with State Farm, Vermont Mutual, American Family, and Allstate also provide cheap minimum liability coverage for Vermont drivers. Use the table below to explore rates from similar companies with the best minimum coverage rates and see how they compare to the $26 monthly state average.
| State Farm | $18 | $8 |
| Vermont Mutual | $20 | $7 |
| American Family | $22 | $4 |
| Allstate | $24 | $3 |
Cheapest Full Coverage Car Insurance in Vermont
Vermont Mutual offers the cheapest full coverage auto insurance in Vermont, with rates averaging $45 per month or $538 per year. This is $22 less than the state average.
| Vermont Mutual | $45 | $22 |
| State Farm | $49 | $17 |
Cheapest Car Insurance in Vermont for Young Drivers
In Vermont, young adult drivers find State Farm to be the most affordable choice. A 25-year-old can get a minimum coverage plan for just $21 a month.
| State Farm | $21 | $13 |
| Allstate | $26 | $8 |
| American Family | $28 | $6 |
| Vermont Mutual | $30 | $4 |
| Progressive | $34 | $0 |
We used minimum coverage for a 25-year-old driver with good credit and no driving violations to determine the cheapest provider.
Cheapest Car Insurance Rates for Young Drivers in Vermont
Young drivers in Vermont can find affordable auto insurance with State Farm and Allstate. While premiums depend on driving history and other factors, the rates below are a solid starting point for finding affordable insurance as a young driver.
| State Farm | Minimum Coverage | $21 |
| State Farm | Full Coverage | $62 |
| Allstate | Drivers With Bad Credit | $37 |
| State Farm | Drivers With a DWI | $23 |
| State Farm | Drivers With an Accident | $25 |
| State Farm | Drivers With a Speeding Ticket | $23 |
Read More: Cheapest Car Insurance for Young Drivers
Cheapest Car Insurance in Vermont for Seniors
Senior drivers in Vermont can find affordable rates with State Farm, averaging $17 per month for minimum coverage.
| State Farm | $17 | $9 |
| Vermont Mutual | $20 | $6 |
| American Family | $24 | $2 |
| Progressive | $26 | $0 |
We used minimum coverage for a 65-year-old driver with good credit and no driving violations to determine the cheapest provider.
Cheapest Car Insurance Rates for Seniors in Vermont
State Farm offers the most affordable rates for senior drivers needing minimum or full coverage, and for those with a DWI or speeding ticket. Allstate and Vermont Mutual also provide competitive rates for specific needs. Quotes may vary, but use the table below as a guide for your car insurance shopping.
| State Farm | Minimum Coverage | $17 |
| State Farm | Full Coverage | $45 |
| Allstate | Drivers With Bad Credit | $38 |
| State Farm | Drivers With a DUI | $19 |
| Vermont Mutual | Drivers With an Accident | $20 |
| State Farm | Drivers With a Speeding Ticket | $19 |
Read More: Cheapest Car Insurance for Seniors
Cheap Auto Insurance for High-Risk Drivers in Vermont
Drivers in Vermont with a DUI, at-fault accident or speeding ticket are considered "high-risk" by insurers, leading to higher premiums compared to those with clean records. Premiums for high-risk drivers vary depending on the offense. Below are the best rates for drivers with these violations.
Cheapest Car Insurance in Vermont With a DUI
State Farm offers the best rates for Vermont drivers with DUIs, averaging $20 per month ($236 per year) for minimum coverage. Check the table below for a list of insurance providers and their average monthly premiums for drivers with DUIs in Vermont.
| State Farm | $20 | $30 |
| Allstate | $32 | $18 |
| Progressive | $32 | $18 |
| American Family | $39 | $11 |
| Concord Group | $45 | $4 |
We used a 40-year-old driver with good credit and a DUI on record to calculate these averages.
Cheapest Car Insurance in Vermont With an Accident
Vermont Mutual, with rates averaging $20 per month ($240 per year), is the cheapest company for drivers after an at-fault accident. The table below shows a list of other insurers offering affordable coverage for drivers with accidents on their records. Rates are for a minimum coverage policy.
| Vermont Mutual | $20 | $18 |
| State Farm | $21 | $16 |
| American Family | $27 | $11 |
| Allstate | $32 | $6 |
We used a 40-year-old driver with good credit and an at-fault accident on record to calculate these averages.
Cheapest Car Insurance in Vermont With a Speeding Ticket
State Farm offers the cheapest car insurance for drivers with a speeding ticket, averaging $20 per month. Check the table below to compare providers offering minimum coverage for drivers with speeding tickets.
| State Farm | $20 | $12 |
| Vermont Mutual | $25 | $6 |
| Allstate | $26 | $5 |
| American Family | $28 | $4 |
We used a 40-year-old driver with good credit and a speeding ticket on record to calculate these averages.
Cheapest Car Insurance in Vermont for Drivers With Bad Credit
State Farm is the cheapest car insurance provider for drivers with poor credit scores, with rates starting at $20 per month or $236 annually for minimum coverage.
| Allstate | $33 | $14 |
| Concord Group | $40 | $7 |
| Vermont Mutual | $44 | $3 |
| American Family | $46 | $1 |
| Nationwide | $47 | $0 |
These rates are based on a 40-year-old driver with bad credit and a clean driving record.
The lowest rate referenced is for a minimum coverage policy for 40-year-olds with good credit and no driving violations.
Cheapest Home and Auto Insurance in Vermont
If you're looking to bundle home and auto insurance, Allstate is the most affordable option. In the table below, you can view more cheap companies for bundling home and auto policies.
| Allstate | $1,367 |
| State Farm | $1,466 |
Rates are for a 40-year-old driver with good credit and no driving violations.
How Much Does Car Insurance Cost in Vermont?
In Vermont, the monthly average cost for full coverage car insurance is $67, while minimum coverage averages at $26. By understanding the average cost of car insurance in Vermont, you can gauge if you're getting a fair deal on your policy.
Is Car Insurance in Vermont Expensive?
Vermont ranks as the state with the most affordable car insurance. It's likely due to the state's low population density, fewer natural disasters, and a lower rate of vehicle thefts.
Vermont Car Insurance Minimum Requirements
Vermont law requires every driver to carry car insurance with minimum coverage limits to legally operate a vehicle. These limits include $25,000 for bodily injury per person, $50,000 per accident, and $10,000 for property damage. Additionally, coverage for uninsured/underinsured motorists is set at $50,000 per person and $100,000 per accident, with $10,000 for property damage.
If you finance or lease your car, you will likely have to buy comprehensive and collision insurance in addition to minimum liability coverages. Although a minimum liability auto insurance policy is the least expensive option, it offers the lowest amount of financial protection. Experts recommend driving with full coverage insurance with the highest deductible and liability limits you can afford.
Bodily Injury Liability
Covers costs if you're at fault in an accident causing injury to others. Minimum limits are $25,000 per person and $50,000 per accident. This helps cover medical expenses and legal fees.
Property Damage Liability
Covers damage you cause to someone else's property. The minimum limit is $10,000 per accident. This helps pay for repairs to vehicles or other property.
Uninsured/Underinsured
Protects you if you're hit by a driver with little or no insurance. Minimum limits are $50,000 per person and $100,000 per accident. This covers medical expenses and damages.
Drivers with serious traffic violations, like speeding or drunk driving, may need SR-22 insurance, which can increase your premium. In Vermont, either you or your insurance company can file the SR-22 form. It's valid for 3 years from your most recent offense.
Alternative Ways to Satisfy Vermont Car Insurance Requirements
A surety bond is the most common alternative to car insurance in Vermont. It works by guaranteeing payment to the state if you cause an accident, fulfilling the state's minimum coverage requirements.
For business owners, self-insurance is an option. This involves proving financial stability to cover potential damages, making it suitable for those managing multiple vehicles.
How Much Car Insurance Should I Get in Vermont?
MoneyGeek recommends that drivers secure full coverage car insurance, which encompasses liability, collision and comprehensive coverage. For optimal protection, consider these liability limits:
- $100,000 in bodily injury liability per person
- $300,000 in bodily injury liability per accident
- $100,000 in property damage per accident
Comprehensive coverage ensures your car is protected from off-road harm, like if it's stolen, vandalized or hurt by severe weather or fire. Collision coverage, on the other hand, takes care of damages to your car when you're involved in a road accident.
If your car is valuable, MoneyGeek suggests you get both comprehensive and collision insurance, even though it's not a legal requirement. Choose your deductible for these coverages based on what you can comfortably pay out-of-pocket before insurance pays the rest.
Cheap Car Insurance in Vermont: Bottom Line
Vermont Mutual has the cheapest full coverage at $45, and State Farm wins for minimum coverage at $18. Cheap rates are tempting, but remember, the least expensive plan might not be the best. Experts recommend getting as much coverage as you can afford for the best financial protection on the road.
Cheap Car Insurance in Vermont: FAQ
MoneyGeek answers commonly asked questions about the cheapest car insurance in Vermont to ensure you get the right coverage for your situation.
What are the cheapest car insurance companies in Vermont?
Vermont Mutual offers the most affordable full coverage auto insurance in Vermont, with rates starting at $45 per month. State Farm is the cheapest for minimum coverage at $18 monthly. Both options provide significant savings without compromising on quality protection.
Who has the cheapest car insurance rates for young drivers in Vermont?
State Farm offers the most affordable car insurance rates for young drivers in Vermont, with an average monthly rate of $21 and $62 for minimum and full coverage, respectively.
Who offers the cheapest car insurance rates for seniors in Vermont?
State Farm offers the most affordable car insurance rates for seniors in Vermont, with an average monthly cost of $17 and $45 for minimum and full coverage, respectively.
Should you buy the cheapest car insurance available in Vermont?
Buying the cheapest car insurance may not always be the wisest choice. It's crucial to select a policy that offers sufficient financial protection against significant losses. Vermont Mutual and State Farm provide affordability and quality service, making them the best car insurance in Vermont.
How much does car insurance in Vermont cost, on average?
On average, full coverage car insurance in Vermont costs about $67 monthly, while a state minimum policy is usually around $26.
What are car insurance requirements in Vermont?
In Vermont, drivers are required to have minimum coverage auto insurance which includes bodily injury liability of $25,000 per person and $50,000 per accident, along with property damage liability of $10,000 per accident. Additionally, uninsured/underinsured motorist coverage of $50,000 per person and $100,000 per accident, and $10,000 for property damage is also a requirement.
Affordable Car Insurance in Vermont: How We Found the Best Cheap Rates
MoneyGeek obtained auto insurance rates from the Vermont Department of Insurance and Quadrant Information Services. We examined 7,416 auto insurance quotes from 9 providers across 5 ZIP codes to determine the most affordable car insurance companies in Vermont.
Vermont Driver Profile
We used a driver profile with the following background information to identify the cheapest auto insurance companies in Vermont:
- 40-year-old male
- 2012 Toyota Camry LE
- Clean driving record
- 12,000 miles driven annually
To find the cheapest option for various driver backgrounds, we adjusted this sample profile by age, driving record, credit score, car make and model, and military service where specified.
Standard Coverage Levels in Vermont
We compared car insurance companies in Vermont that offer both minimum and full coverage policies. The minimum coverage liability limits in Vermont are:
- $25,000 for bodily injury liability per person.
- $50,000 for bodily injury liability per accident.
- $10,000 for property damage liability per accident.
- $50,000 uninsured motorist bodily injury per person
- $100,000 uninsured motorist bodily injury per accident
- $10,000 uninsured/Underinsured property damage coverage
For full coverage policy rates, we used the following liability limits:
- $100,000 for bodily injury liability per person
- $300,000 for bodily injury liability per accident
- $100,000 for property damage liability
- Comprehensive and collision coverage with a $1,000 deductible
Home and Auto Coverage Levels in Vermont
MoneyGeek analyzed the rates of insurance companies for a full coverage auto insurance policy that includes the following coverage and limits:
- $100,000 in property damage liability
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- Comprehensive and collision coverage with a $1,000 deductible
We also analyzed rates for a homeowners insurance policy that includes the following limits and coverage:
- $250,000 dwelling coverage
- $25,000 other structures coverage
- $100,000 personal property coverage
- $25,000 loss of use coverage
- $100,000 personal liability coverage
- $1,000 medical payments coverage
- All-perils coverage with a $1,000 deductible
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.