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Vermont Cheapest Car Insurance & Best Coverage Options

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Updated May 31st, 2021

Checked by
Jaime Arias
Licensed Agent
Reviewed by
Maurice Draine
Former P&C Agent
Advertiser Disclosure: Some of the offers within the content are from companies where AutoInsureSavings.org may receive compensation. This does not influence our analysis of services or products. Our opinions are our own in good faith.

AutoInsureSavings.org licensed agents did a comparison study of the cheapest car insurance companies in Vermont and found Safeco ($403 per year) provides the cheapest rate for minimum coverage.

Nationwide Insurance ($1,317 per year) provides affordable coverage options for Vermont drivers who prefer full coverage policies

Affordable Vermont Car Insurance Rates

Vermont drivers can save more on car insurance premiums by comparing quotes from multiple insurers with the lowest rates from our insurance study.

Cheapest Car Insurance in Vermont - Quick Hits
AutoInsureSavings.orgThe cheapest Vermont car insurance options are:

Cheapest for minimum coverage: Safeco
Cheapest for full coverage: Nationwide
Cheapest after an at-fault accident: Nationwide
Cheapest after a speeding ticket: Concord Group
Cheapest after a DUI: State Farm
Cheapest for poor credit history: GEICO
Cheapest for young drivers: Progressive
For young drivers with a speeding violation: Concord Group
For young drivers with an at-fault accident: State Farm

Check out this useful guide on Vermont car insurance for more details on the average rates from leading insurance providers.

Affordable Vermont Insurance Coverage with Safeco, USAA, and The Hartford compared to average rates.

Cheapest Car Insurance in Vermont for Minimum Coverage

Our agents found that Safeco Insurance has the most affordable annual averages for Vermont drivers, with a $403 quote for minimum coverage for our sample 30-year-old.

The average Vermont rate for minimum liability insurance policies is $476 per year, and Safeco’s rate is $73 cheaper or 16% less expensive.

CompanyAverage annual rate
Safeco$403
USAA$405
The Hartford$488
State Farm$573
Vermont Mutual$610
Allstate$637
Nationwide$670
Concord Group$682
MetLife$704

*USAA is for qualified military members, their spouses, and direct family members. Your rates may vary based on the driver’s profile.

Drivers in Vermont who only want minimum coverage can drive legally for less by switching to one of the cheapest insurance companies illustrated above. 

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Cheapest Full Coverage Car Insurance in Vermont

Nationwide offers the cheapest insurance option with a quote at $1,317 per year or $109 per month for affordable full coverage rates. Nationwide’s rate is 22% less expensive than Vermont’s average rate of $1,679 annually. 

InsurerAnnual costMonthly cost
Nationwide$1,317$109
Concord Group$1,380$115
State Farm$1,416$118
GEICO$1,483$123
Vermont average$1,679$139

The average cost of full coverage auto insurance in Vermont is $139 per month or $1,679 annually. Full coverage insurance can cost as much as three times more than the average car insurance premiums for a minimum liability policy.

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AutoInsureSavings.org licensed agents to suggest drivers who own a vehicle under 10 years old or worth more than $3,000 should consider a full coverage insurance policy to guarantee they will receive the benefits they need when an auto accident occurs that leaves their car totaled.

Cheapest Insurance With a Speeding Ticket in Vermont

Vermont drivers with a speeding ticket on their driving record can save more with Concord Group, which has average annual premium costs of $1,490 per year. We found Concord’s rate is 22% cheaper than Vermont’s mean speeding violation rate of $1,899 annually.

InsurerAnnual costMonthly cost
Concord Group$1,490$124
Safeco$1,563$130
State Farm$1,682$140
Vermont average$1,899$158

According to the Insurance Information Institute (III.org), Vermont drivers can expect their car insurance rates to increase by an average of 19% after receiving a traffic violation. The amount your average rates will rise depends on how fast you were going and how many speeding violations you already have on your driving record.

Cheapest Car Insurance in Vermont With a Car Accident

Drivers in Vermont with an at-fault accident on their driving records can still save on their car insurance rates with Nationwide, which offers a $170 monthly rate or 21% cheaper than Vermont’s average.

To get the best price, we suggest comparing insurance quotes with State Farm, which provided us a $186 monthly rate for drivers with an at-fault accident

InsurerAnnual costMonthly cost
Nationwide$2,048$170
State Farm$2,236$186
Concord Group$2,290$190
Vermont average$2,572$214

Just one at-fault accident on your record in Vermont can significantly increase your car insurance premium. Our research found that the difference between the average premium for a driver with a clean driving history than a driver with one accident is $705.

Cheapest Insurance With a DUI in Vermont

According to our rate analysis, State Farm offers the cheapest coverage rates for Vermont drivers with a DUI with a $2,411 annual premium or $200 per month.

State Farm’s rate is 20% less expensive than Vermont’s average insurance premium for drivers with a DUI in their driving history.  

InsurerAnnual costMonthly cost
State Farm$2,411$200
Nationwide$2,524$210
GEICO$2,733$228
Vermont average$2,993$249

A DUI is a severe offense that can cause numerous consequences for a Vermont policyholder. Along with their insurance rates going up by 55%, the driver could also have a temporary driver’s license restriction. The Vermont Department of Motor Vehicles recommends taking a defensive driving course to lower insurance costs.  

Cheapest Car Insurance With Poor Credit in Vermont

Vermont drivers with poor credit can get the most affordable insurance rates with GEICO, which provided our agents a $127 monthly rate for full coverage car insurance.

The next cheapest insurance options are State Farm and Liberty Mutual for drivers with poor credit, and both auto insurers are 20% less expensive with a $141 and $155 per month rate, respectfully. 

InsurerAnnual costMonthly cost
GEICO$1,530$127
State Farm$1,694$141
Liberty Mutual$1,864$155
Vermont average$2,304$192

Your credit history can have an impact on how much you pay for car insurance. Credit scores are among the many factors that car insurance companies consider when providing you with a quote.

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It is found that drivers who have poor credit will often file more claims and be involved in more accidents than drivers who have good credit.

Cheapest Car Insurance Coverage in Vermont for Young Drivers

During our comparison shopping study, young Vermont drivers or college students can get the cheapest auto insurance coverage with Progressive, which provided us a $3,876 annual rate for full coverage.

Young or teen drivers who need minimum coverage should compare quotes with Allstate, Travelers, and Progressive.

Allstate offers the cheapest minimum liability coverage rate at $1,127 per year for adolescent drivers, while Travelers is $1,200 per year, and Progressive’s rate is $1,299 annually.

All three car insurers are 14% cheaper than Vermont’s state minimum liability rate for younger drivers.

InsurerFull coverageMinimum coverage
Progressive$3,876$1,299
USAA$3,956$1,123
Concord Insurance$4,130$1,538
Nationwide$4,462$1,749
State Farm$4,844$1,342
GEICO$5,139$1,444
Liberty Mutual$5,428$1,624
Allstate$5,832$1,127
Travelers$6,032$1,200
Vermont average$5,235$1,510

Young or teen drivers needing coverage in Vermont will pay more for their car insurance premium regardless of what company they choose.

Inexperienced drivers are at a higher risk than older and more experienced drivers, according to the National Highway Traffic Safety Administration (NHTSA).

Our agents recommend teen drivers to go on their parent’s policy or have an adult family member on the policy to save money. 

Cheapest Car Insurance for Young Drivers with a Speeding Ticket

Young Vermont drivers with a speeding violation should look to Concord Group to get the best rates. The average insurance cost from Concord is $4,039 per year for full liability coverage insurance.

Concord’s speed violation rate is 33% cheaper than the $5,495 average in Vermont for younger drivers. 

InsurerAnnual costMonthly cost
Concord Group$4,039$310
State Farm$4,944$412
Progressive$5,022$418
Vermont average$5,495$457

Cheapest Car Insurance for Young Drivers in Vermont with a Car Accident

The cheapest auto insurance coverage for younger drivers with an accident in Vermont is State Farm, which provided our agents a $434 monthly rate for full coverage or $80 less than Allstate’s rate at $514 per month.

The next cheapest option is Concord, with a $448 monthly rate or 10% less expensive than Vermont’s average quote.  

InsurerAnnual costMonthly cost
State Farm$5,213$434
Concord Insurance$5,376$448
GEICO$5,832$486
Allstate$6,172$514
Vermont average$5,743$478

Best Car Insurance Companies in Vermont

AutoInsureSavings.org licensed agents found that Concord Group, GEICO, and State Farm offers some of the most affordable rates with excellent customer service and good financial strength to various Vermont drivers.

ValuePenguin surveyed with similar insurance company results:

Company% respondents extremely satisfied recent claim% respondents rated customer service as excellent
USAA78%62%
Nationwide78%53%
State Farm73%46%
Allstate72%47%
Progressive74%34%
GEICO64%42%
Concord GroupN/AN/A

If you are in the market for a new car insurance policy and are only concerned about the price, these three companies offer some of the state’s best insurance rates.

We also used data from the National Association of Insurance Commissioners (NAIC), J.D. Power’s claims satisfaction survey, and each car insurance company’s financial strength rating from AM Best.

CompanyNAIC complaint indexJ.D. Power claims satisfactionAM Best rating
Concord0.18n/aA+
Nationwide0.37876A+
Allstate0.63876A+
Travelers0.65861A++
State Farm0.66881A++
Progressive0.67856A+
Safeco0.67870A
MetLife0.68886A+
Liberty Mutual0.92870A
GEICO1.01871A++
Vermont Mutual1.11n/aA+

NAIC complaint ratio looks at the number of complaints of the best car insurance company based on market share.

The lower the complaint ratio, the better. It is an indication of the quality of the insurance carrier’s customer service and claims satisfaction.

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In this instance, the insurance carrier who rated the best based on a low amount of complaints is Concord Insurance Group.

When you have more information about what each company has to provide you with, it will be easier for you to narrow down your choices and make an informed decision on the best auto insurance company in Vermont is the best option for you.

Average Car Insurance Costs by City in Vermont

Your zip code in Vermont is a significant factor in your average auto insurance rates, along with your credit score, driving record, marital status, type of motor vehicle, and coverage levels.

Typically, densely populated areas, high crime areas, or poor road conditions tend to have expensive auto insurance rates.

AutoInsureSavings.org insurance experts did a study on the most populous Vermont cities.

Cheapest Auto Insurance in Burlington, VT

Burlington drivers can find the cheapest auto insurance with Nationwide Insurance who provided our agents a $1,315 average rate per year for our 30-year-old driver. Nationwide’s quote is 24% less expensive than Burlington’s average rates. 

Burlington CompanyAverage Premium
Nationwide$1,315
Concord Group$1,366
State Farm$1,520
Burlington average$1,730

Cheapest Auto Insurance in Essex, VT

Drivers in Essex can find the best coverage rates with Concord, which provided us a quote at $1,286 annually or $107 per month for a full coverage insurance policy. Concord’s rate is 27% cheaper than Essex’s yearly insurance rate of $1,747 per year.

Essex CompanyAverage Premium
Concord Group$1,286
Nationwide$1,411
GEICO$1,636
Essex average$1,747

Cheapest Auto Insurance in Colchester, VT

Our licensed agents found Vermont Mutual is the cheapest insurance company for people in Colchester. They provided us a $1,302 annual rate for full coverage, 22% less expensive than Colchester’s yearly average rate of $1,660.

Colchester CompanyAverage Premium
Vermont Mutual$1,302
Nationwide$1,344
State Farm$1,531
Colchester average$1,660

Cheapest Auto Insurance in Rutland, VT

Our research found the cheapest auto insurance in Rutland is with Concord, Nationwide, and GEICO. Concord is the most affordable, with a $103 monthly rate or $1,237 per year, while Nationwide offers a $1,470 quote, and GEICO offers a $1,572 rate per year.

Rutland CompanyAverage Premium
Concord Group$1,237
Nationwide$1,470
GEICO$1,572
Rutland average$1,690

Cheapest Auto Insurance in Bennington, VT

People in Bennington can find cheap auto coverage with State Farm, which provided our agents a low annual insurance rate of $1,217 per year for a 30-year-old with full coverage. The next most affordable option is Nationwide, with an annual $1,350 per year or $112 monthly rate.

Bennington CompanyAverage Premium
State Farm$1,217
Nationwide$1,350
Safeco$1,451
Bennington average$1,648

Cheapest Auto Insurance in Brattleboro, VT

Brattleboro drivers can find the best full coverage insurance policy with Nationwide, which provided our agents a $1,382 annual rate per year of $115 per month. Nationwide’s insurance quote is 22% cheaper than average rates for 30-year-old drivers in Brattleboro. 

Brattleboro CompanyAverage Premium
Nationwide$1,382
Concord Group$1,399
Liberty Mutual$1,487
Brattleboro average$1,762

Average Insurance Cost for All Cities in Vermont

CityAnnual Premium CostCityAnnual Premium Cost
Burlington$1,730Swanton village$1,662
Essex$1,747Sheldon$1,766
South Burlington$1,766Clarendon$1,762
Colchester$1,660West Rutland$1,648
Rutland city$1,690Vernon$1,660
Bennington$1,648Newbury$1,683
Brattleboro$1,762Morrisville$1,589
Milton$1,600Danville$1,648
Essex Junction$1,662Westford$1,766
Williston$1,631Grand Isle$1,660
Hartford$1,680Wallingford$1,762
Springfield$1,654Bethel$1,662
Middlebury$1,660Fairfield$1,654
Barre city$1,648Starksboro$1,643
Barre$1,580Huntington$1,598
Shelburne$1,762Guilford$1,644
Montpelier$1,644Monkton$1,660
Winooski$1,766Dummerston$1,673
St. Johnsbury$1,662Moretown$1,628
St. Albans city$1,668Wolcott$1,673
Swanton$1,660Ludlow$1,762
St. Albans$1,599Wilmington$1,680
Northfield$1,654New Haven$1,662
Lyndon$1,644Calais$1,686
Morristown$1,638Alburgh$1,766
Waterbury$1,762Waitsfield$1,660
Rockingham$1,662North Bennington$1,628
Jericho$1,689South Hero$1,762
Georgia$1,660Proctor$1,662
Fairfax$1,619Newfane$1,644
Randolph$1,662Middlesex$1,654
Castleton$1,680Dorset$1,660
Hinesburg$1,673Berkshire$1,662
Stowe$1,662Londonderry$1,680
Newport city$1,660Warren$1,690
Derby$1,698Whitingham$1,673
Manchester$1,762Barnet$1,637
Richmond$1,654Poultney village$1,660
Rutland$1,766Corinth$1,720
Bristol$1,644Burke$1,762
Cambridge$1,673Lunenburg$1,654
Charlotte$1,680Franklin$1,699
Brandon$1,660Johnson village$1,644
Highgate$1,720Waterford$1,673
Johnson$1,654Cabot$1,680
Williamstown$1,682Sharon$1,660
Hartland$1,692Plainfield$1,662
Shaftsbury$1,673Troy$1,766
Pownal$1,762Marshfield$1,654
Windsor$1,680Lyndonville$1,710
Norwich$1,766Enosburg Falls$1,654
Poultney$1,644Lincoln$1,673
Underhill$1,660Chittenden$1,677
Chester$1,662Addison$1,644
Westminster$1,762Danby$1,710
Bellows Falls$1,654Cavendish$1,766
Hyde Park$1,673Eden$1,662
Woodstock$1,762Chelsea$1,660
Hardwick$1,658Fletcher$1,762
Royalton$1,710Brookfield$1,710
Pittsford$1,644Concord$1,658
Berlin$1,766Irasburg$1,662
Enosburgh$1,662Marlboro$1,654
Weathersfield$1,713Woodstock village$1,766
Barton$1,654Bridport$1,644
Ferrisburgh$1,695Bolton$1,728
Richford$1,710Pawlet$1,719
Bradford$1,762Tunbridge$1,729
Putney$1,673Orwell$1,662
Arlington$1,766West Windsor$1,654
Newport$1,644Mount Holly$1,766
Vergennes$1,658Brighton$1,727
Fair Haven$1,662Leicester$1,673
East Montpelier$1,762Duxbury$1,658
Thetford$1,710Salisbury$1,644

Minimum Auto Insurance Requirements in Vermont

One of the best ways Vermonters can save money is by buying the minimum amount of car insurance. By getting state minimums in Vermont, you can drastically reduce your monthly insurance cost.

Our agents recommend full coverage insurance for most drivers with a clean driving record, including comprehensive and collision coverage.

Below are the minimum coverage limits for Vermont drivers.

LiabilityMinimum coverage
Bodily injury liability insurance$25,000 per person and $50,000 per accident
Property damage liability insurance$10,000 per accident
Uninsured motorist coverage bodily injury insurance$50,000 per person and $100,000 per accident
Uninsured motorist coverage property damage insurance$10,000 per accident

*must include underinsured motorist coverage.

Not only do our agents recommend adding collision and comprehensive coverage, but we also recommend higher liability limits for most drivers in Vermont.

State minimum coverage in Vermont isn’t enough auto coverage to fully cover the cost of damage in the event of an expensive auto accident or protection against property damage to your motor vehicle

Frequently Asked Questions

Who has the Cheapest Car Insurance Coverage in Vermont?

Safeco offers the most affordable rates to various Vermont drivers at $403 per year for minimum coverage. USAA is cheap coverage ($405 per year). However, if you are not eligible for their coverage, your next best options for low-priced car insurance are The Hartford ($488) and State Farm ($573).

To find out who offers affordable car insurance in Vermont, you want to make sure to compare rates by getting quotes from top car insurance providers.

How Much is Minimum Coverage Car Insurance in Vermont per Month?

The average cost for minimum coverage in the state is just $39 per month or $476 per year. Vermont drivers have some of the most affordable car insurance rates in the country, and they ranked eighth in our recent national cheap car insurance study. 

How Much Is Full Coverage Car Insurance in Vermont?

The average cost of full coverage auto insurance in Vermont is $139 per month or $1,679 annually. Concord Group, Nationwide, and State Farm offer full coverage insurance at an average rate lower than the state’s average by 16%. 

Full coverage costs significantly more than minimum liability coverage, and for that reason, many drivers will choose an auto policy with less coverage to save money. If you have a newer vehicle or concerns about minimum coverage not providing you with enough protection, you should consider full coverage insurance.

How do I Save on Car Insurance in Vermont?

There are several ways you can save money on your car insurance premium costs in Vermont. Initially, it would be best to compare quotes from multiple providers to determine which company in the area offers the lowest rates for you. After that, you should inquire about a money-saving driver discount provided by each insurance provider you have in mind.

The more car insurance discounts you are eligible for, the more money you can save. Taking time to make sure your credit report is accurate and up to date and practicing safe driving habits are two more things you can do that will help you save on your Vermont car insurance rates.

How Much Will my Car Insurance Rise With a Speeding Ticket in Vermont?

The average rate increase for a speeding violation in Vermont is 19%. Vermont relies on a point-based system to determine how much a driver’s insurance costs increase from traffic tickets. Minor violations typically cause drivers to receive 2 points, while more severe violations can cause drivers to have 4 points or more added to Vermont driving records.

To learn more about the most affordable car insurance options in Vermont, contact the experts at AutoInsureSavings.org. Our licensed professionals will be happy to answer any questions you have.

Methodology

AutoInsureSavings.org comparison shopping study used a full-coverage auto policy for a 30-year-old driving a 2018 Honda Accord with the following coverage limits:

Coverage typeStudy limits
Bodily injury liability$50,000 per person / $100,000 per accident
Property damage liability$25,000 per accident
Personal injury protection$10,000
Uninsured / underinsured motorist bodily injury$50,000 per person / $100,000 per accident
Comprehensive and collision coverage$500 deductible

We used rates for drivers with an accident history, credit score, and marital status for other Vermont rate analyses. We used insurance rate data from Quadrant Information Services, which are publicly available for comparative purposes only. Your rates may vary when you get quotes.

Sources

– Insurance Institute for Highway Safety (IIHS.org). “Fatality Facts 2018 State by state.”
– National Highway Traffic Safety Administration. “Traffic Safety Facts.”
– National Association of Insurance Commissioners. “Market Share Reports for Property/Casualty Groups and Companies.”
-Department of Motor Vehicles, Vermont. “Older Drivers.”
– Centers for Disease Control and Prevention. “Sobering Facts: Alcohol-Impaired Driving State Fact Sheets.”
– AAA. “Keys to Drive – Insurance – Vermont.”

Maurice Draine

Maurice Draine

Maurice, a former licensed P&C insurance agent with a 4-year degree in journalism. He resides in Minneapolis and has worked as a technical writer for UnitedHealthcare and Wells Fargo, where he created Medicare-related policies and procedures for three years. He is also an editor for AutoInsureSavings.org.

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