Vermont drivers pay an average monthly rate of $100 per month for full coverage. This is lower than the national average monthly rate of $138. The state-required minimum or liability insurance coverage averages $24 per month in Vermont, also lower than the national average of $40 per month.
Remember, overall rates change depending on several variables, including where you live in the state. Insurance companies look at collective claims for losses, including accidents, theft and personal injury lawsuits, when they set costs for specific cities and areas. Your individual price will also be different, since it will be based on unique factors, such as age and driving history. Those who are looking for the cheapest car insurance in Vermont will need to have a great driving record.
What Is the Average Premium in Vermont for Full Coverage Car Insurance?
Full coverage auto insurance in Vermont averages $1,200 per year.
Many drivers choose full coverage over the minimum required insurance, since a full-coverage plan offers greater protection, including collision insurance and comprehensive insurance on top of liability. Full coverage auto insurance provides greater peace of mind when you are out on the road.
How Much Is It for Liability Insurance or the Minimum Required Car Insurance in Vermont?
The average state-required minimum liability auto insurance paid in Vermont is $300 per year.
Although this is where the cheapest car insurance in Kentucky can be found, many drivers feel that carrying the minimum required car insurance is not enough. Since Vermont is an at-fault state, the driver who causes the accident will be responsible for the other party’s injuries and damages. With today’s costs, in many cases the minimum liability insurance is not enough to cover the costs, leaving the at-fault driver paying out of pocket. The at-fault driver will also get no help from their insurance company for their own injuries and damages.
How Do Rates Compare Across Major Cities in Vermont?
Expect to pay different rates depending on the Vermont city you live in. Insurance costs for cities are based on collective claims activity.
See our breakdown below for the monthly average rate paid in four Vermont cities:
Unless otherwise specified, we use the following methodology to arrive at our average cost: male, age 30, lowest possible legal coverage allowed by state. Your rates will be determined by several factors, including your age, your gender and the amount of coverage you want to purchase.