Drivers in the state of Vermont must meet certain basic insurance requirements while operating a vehicle. At a minimum, drivers are required to have Bodily Injury Liability coverage and Property Damage Liability coverage for any damages that result from a car accident they cause. They’re also required to have Personal Injury Protection (PIP) and Uninsured/Underinsured Motorist Coverage.
These requirements are just a small part of Vermont’s auto insurance laws, though, as drivers can also benefit from other types of car insurance that may not be required by law but could protect them in different ways. For example, because the state is a no-fault state it’s important for both bodily injury liability and property damage liability coverage to include Personal Injury Protection (PIP), which can help cover medical expenses for drivers and passengers involved in the accident, regardless of who is considered at fault.
Having this extra level of protection may be especially important for Vermont residents because all drivers are required to have uninsured motorist coverage, so if another driver only has the minimum car insurance and doesn’t have the extra protection of PIP, you won’t be able to make a claim for medical bills against them. Another benefit that is only required in Vermont, though not required by law, is rental car reimbursement coverage. This coverage will reimburse drivers for the cost of renting a car when their own vehicle undergoes repairs after an accident.
Cheapest Auto Insurance in Vermont
Drivers should be aware that car insurance rates can vary considerably from company to company, but the cost isn’t always indicative of the type of coverage provided; people often assume that if they get a cheaper quote for car insurance they’re compromising on quality. This is not necessarily true, however, and it’s important for drivers to compare quotes from several companies before choosing the company that provides the best deal.
Even if two companies provide similar quotes, drivers should also shop around because each company’s rates and discounts may be different. For example, many car insurance companies will offer a low rate for enrolling in an approved defensive driving course or by putting the driver as an authorized user on another person’s car insurance policy such as a parent or spouse. So even though one company may have a lower rate, another might have a lower rate plus a discount for the same actions.
Cheapest Full Coverage in Vermont
Drivers who want to find cheap full coverage car insurance that provides them with the best protection at a low price should keep in mind that there is no “one size fits all” option, and each company’s premiums are going to be different. However, drivers can compare quotes from a variety of companies using an independent online service such as CarInsurance.com, where they can receive competing quotes instantly rather than having to request them one by one.
Best Insurance Companies in Vermont
autoInsuranceit.com has compiled a list of the best car insurance companies in Vermont that have the highest consumer satisfaction ratings from J.D. Power, an independent company that studies customer satisfaction across a variety of different industries and releases annual reports on which companies are the most trusted. These three popular auto insurance providers earned high scores from customers in various study areas including the cost to service, price, interaction, policy offerings, billing and payment.
Drivers With a DUI in Vermont
What will happen to your car insurance rate after you’re convicted of driving under the influence (DUI) depends on the severity of the violation and how many times you’ve been cited for drinking and driving. Drivers who only have one DUI conviction may see their rates increase by a few points the next time they renew their policy, but a multiple DUI offense or a record of repeat violations can significantly increase your premiums. Your premium may also increase if you were cited for speeding, reckless driving, or negligent driving because these infractions are all considered to be high-risk behaviors.
Drivers With Tickets in Vermont
Motorists who accumulate six or more points on their record in two years can be required to pay an additional surcharge for three years, so drivers who get several speeding tickets every few years will end up paying significantly more money than drivers with clean records. This is especially true if the driver was cited for reckless driving or other high-risk behavior like passing a school bus, but drivers who get only speeding tickets can still end up with higher premiums.
Drivers With Bad Credit in Vermont
People who want cheap car insurance may not realize that auto insurance companies are also concerned about risk, and if you have a low credit score or other negative items on your financial background it could influence the price of your policy. For example, drivers with poor credit may not be eligible for the discounts offered by some companies, and they may have to pay more money to insure their vehicles.
Seniors in Vermont
Drivers who are 65 years of age or older can get a discount on their car insurance because senior citizens are statistically less likely to receive traffic citations than younger drivers. However, senior citizens with poor driving records can expect to pay a higher rate than younger drivers with similar infractions or violations on their records.
Drivers Who Are Younger Than 25 in Vermont
In most states, teenage drivers are considered high-risk by insurance companies because they have less experience behind the wheel and are more likely to be involved in accidents. Teen drivers are usually required to purchase car insurance before they can get a license, but in Vermont, anyone who is 16 or older must have proof of financial responsibility in order to drive legally. Teenage drivers who complete an approved driver education course may be eligible for a discount on their Auto Insurance premiums.
Student Drivers in Vermont
Most car insurance companies offer special discounts for drivers who are enrolled in an accredited post-secondary education institution, but this discount is typically available only to full-time students that attend school on a regular basis. Discounts range from 5% to 25%, but most companies will not offer coverage if the student does not have a good academic record.
Military Drivers in Vermont
Military personnel is likely to have lower car insurance premiums because they are considered low risk by the insurance industry. Military drivers can usually receive a discount of 10% or more for being members of the military, and some insurers will offer additional discounts if the insured is serving under hostile conditions.
Drivers With Low Mileage in Vermont
Some people who drive less than 5,000 miles a year may be eligible for a discount on their car insurance policy. This benefit is typically offered to anyone who drives very infrequently and only uses their vehicle for occasional trips, but drivers who log fewer than the approved number of miles per year should contact their insurer before purchasing a policy with this type of discount.
Drivers Who Use Their Car for Work in Vermont
Most car insurance companies offer lower premiums for drivers who use their cars for commercial purposes. Individuals who are employed or run a business – even part-time – may be eligible to receive a commercial discount on their Auto Insurance, and some companies will allow customers to waive the requirement that they use their vehicles for business purposes if they can prove that their commute to work is longer than 50 miles.
Drivers Who Make Regular Payments in Vermont
Car insurance companies will usually offer discounts to drivers who pay their monthly premiums on time, and there are other incentives that many people may not realize exist. Many car insurance companies also reward policyholders who refer other people to their agency, and your friends or family members can usually receive a price reduction for buying an Auto Insurance policy that is identical or very similar to the one you currently have.
Conclusion
If you are looking for the cheapest car insurance in Vermont, then this guide is perfect. We have researched and looked at rates from top companies to find out which company will give you the best deal on your policy. You can browse quotes online or contact us to get a quote sent over right away! Your driver’s license type, age, past driving history and more may affect how much your rate is so we recommend getting as many quotes as possible before making any decisions about who to go with. Good luck finding cheap full coverage in Vermont that offers everything you need!
