Motorcycle Insurance in Vermont: The Cheapest Quotes and Best Companies

Motorcycle insurance in Vermont is mandatory. You’ll also need to have insurance if you want to buy and finance a bike from a dealer or when it’s time to renew its registration.

Most riders opt for a liability-only policy since it’s less expensive, but in an “at fault” state like Vermont, this might cause more harm than good. If you get into an accident and are at fault, you need to pay for the other person’s expenses. Liability-only policies work for this, assuming that your coverage limit is more than enough, but they don’t provide protection against damages to yourself and your bike.

Full-coverage policies may require you to pay more per year, but with inclusions like collision and comprehensive insurance, you also get more protection for your assets. The profile used for this analysis is a good rider in Vermont with 50/100/25 liability-only coverage.

MoneyGeek compared quotes from several providers in the state and found the ones offering the cheapest motorcycle insurance in Vermont for liability-only policies are, on average:

• Markel: $125 per year
• Harley-Davidson: $129 per year

Shopping around for quotes before deciding on a policy can save you as much as $114 per year for liability-only motorcycle insurance. Markel’s rate is 47.7% lower than Nationwide’s, which is the most expensive insurer at an average of $239.

Purchasing full coverage offers you more protection when riding your bike, making it a better option for motorcycle insurance in Vermont. Including collision and comprehensive insurance gives you additional coverage. It saves you from costs caused by injuries in an accident or if you damage your bike. Also, riders who are still in the process of paying monthly amortization for their motorcycle often need a full-coverage policy rather than one that’s liability-only.

For a good rider with 50/100/25 coverage plus a $500 deductible for comprehensive and collision coverage, the carriers that offer the cheapest motorcycle insurance rates in Vermont on average are:

• Harley-Davidson: $219 per year
• Dairyland: $221 per year

With a difference of roughly $495, Harley-Davidson offers a full coverage policy that’s 69.3% cheaper than the most expensive option. Nationwide’s rate is an average of $714 each year for a policy with similar coverages.

Insurance providers offer varying rates for motorcycle insurance in Vermont, but they all consider various factors when calculating it. These include your age, riding experience and record. Your bike’s year, make and model are considered as well.

Using quotes from several carriers offering insurance, MoneyGeek found that the average cost of motorcycle insurance in Vermont with a full coverage policy is $337 per year or roughly $28 per month. Compared to the national average of $364 for every 12-month cycle, Vermont’s rate is $26 or 7% cheaper.

Liability-only policies, while providing limited protection, cost around $158 per year or $13 per month. This is higher than the national average of $141 by $17.

To calculate for Vermont averages, a good rider profile was used. It included $50,000/$100,000 coverage limits for bodily injuries, a $25,000 coverage limit for property damage, a $500 deductible for collision and comprehensive coverage. It also included minimum coverage for uninsured and underinsured motorists.

Price is always a factor when evaluating which motorcycle insurance carrier you should go with, but other criteria should be considered as well. MoneyGeek used price as one of the categories to determine which company has the best motorcycle insurance in Vermont. Other categories evaluated included products and services offered and financial stability. You can see each category’s contribution to the overall score in the methodology section. The insurance company with the highest score in Vermont is Harley-Davidson.

After ranking several carriers in the state, MoneyGeek determined the companies with the best motorcycle insurance in Vermont are:

You can save money by putting time into collecting motorcycle insurance quotes in Vermont and comparing them. It’s easy to get quotes online as long as you’re able to provide the following information:

• Your motorcycle’s year, make and model
• Your age and driving experience
• Your address in Vermont
• The number of riders who will drive the bike and their driving experiences
• Your preferred coverages (more information about this can be found below)
• How you store the bike overnight

Most states require riders to have motorcycle insurance. In Vermont, having motorcycle insurance is vital because it’s considered an “at fault” state. This means you shoulder the other person's expenses if you’re responsible for the accident. If you don’t have the right coverage, you might end up having to use your savings.

The minimum state requirements for motorcycle insurance in Vermont are as follows:

• $25,000 per-person bodily injury liability
• $50,000 per-accident bodily injury liability
• $10,000 property damage liability
• Uninsured/underinsured motorist coverage

Riders in Vermont have to have motorcycle insurance with at least 25/50/10 coverage for bodily injury and property damage. This means that you get coverage up to $50,000 for all people injured in an accident, subject to a maximum coverage of $25,000 per person. You also have a coverage limit of $10,000 for property damage.

Vermont insurance laws state that uninsured motorist and uninsured motorist coverages are mandatory. These coverages protect you from costs such as medical bills and lost wages if you can’t go to work because of the accident if the rider who caused it doesn’t have enough coverage in his policy. PIP coverage is not mandatory.

According to the Vermont Department of Financial Regulation, riders need uninsured/underinsured motorist coverage (UM/UIM) in the amounts of $50,000 in bodily injury or death per person, $100,000 bodily injury or death per accident and $10,000 property damage coverage.

Since motorcycle insurance in Vermont is a requirement for any rider in the state, it’s crucial to understand available options. Below are the most commonly asked questions by riders in Vermont.

MoneyGeek used information from Vermont’s Department of Motor Vehicles and the Vermont Department of Financial Regulation to ensure materials are updated and accurate. Quotes were collected from various motorcycle insurance carriers in Vermont to determine which offers the cheapest premium. The best motorcycle insurance provider in Vermont was determined using three areas, including cost of the policy (60%), products and services (30%) and financial stability figures from AM Best (10%).