Vermont has beautiful scenery and has a very high quality of life. This makes it rank as one of the best places that you can live in the United States. The great news is that Vermont has some of the lowest car insurance rates in the country. Car insurance in Vermont is among the 8 lowest in the United States. The good news is that since the state government plans to have new inspection procedures and policies soon, the car insurance in Vermont can fall even lower. Since Vermont shares a border of almost 90 miles with Canada and 15 border crossings, a lot of traffic from the United States to Canada and back passes through Vermont.
The reason why auto insurance in Vermont is low is that the number of uninsured drivers is low. Also, the population is spread out. Both these factors present a positive note to insurance companies. Another reason is that a large part of the state is considered rural. This results in lower insurance risk as a low-density population will result in lesser accidents and therefore, lesser payouts.
We have mentioned below the minimum insurance liability limits in Vermont:
- $25,000 per person bodily injury liability.
- $50,000 per crash bodily injury liability per crash.
- $10,000 per crash damage liability.
- $50,000 per uninsured/underinsured motorist bodily injury.
- $100,000 per crash for the uninsured/underinsured motorist bodily injury.
- $10,000 per crash uninsured/underinsured motorist property damage.
Though the coverage amounts are higher, the coverage types in Vermont are the same as other states. This is why you can check and choose from a variety of insurance providers. Even though the insurance premiums in Vermont are low, we can help you choose the best auto insurance in Vermont and get the best price.
Factors that Determine Car Insurance in Vermont
Even within Vermont, the car insurance rates differ. The cheapest car insurance in Vermont on an average is in South Burlington, Stowe and Essex Junction. The highest auto insurance in Vermont on an average is in Newport, Northfield, and Fair Haven. Some of the other important factors which determine the insurance rate for your car are the age, make and model of your car. Your personal details like your age, driving record, the amount and type of coverage you take are important. This is why the car insurance rate varies even for different members of your family. This is why it is important to check with different insurance companies and get the best auto insurance rates available. You can also check the best car insurance companies in the United States.
Types of Coverage for Auto Insurance in Vermont
Of the six coverage options that are common for car insurance, auto liability coverage, underinsured and uninsured motorist coverage, and personal injury protection are mandatory. You can also opt for additional types of coverage like collision coverage, medical payments, and comprehensive coverage. Since the minimum coverage amounts are decently high for underinsured and uninsured motorist coverage and personal injury protection, you may not need coverage amounts higher than the minimum. For auto liability coverage it makes sense to take a higher coverage amount than the minimum $10,000/- as mandated by law.
One factor that is important which you need to consider when you opt for insurance in Vermont is the weather. With snowfall of an average of 20 feet every year in Mount Mansfield, accidents or damage to your car can happen due to weather. You may need to modify your car so that you can drive in heavy snow. The State Police in Vermont recommends that you should have snow tires on all your wheels. You can also go for studded tires and tire chains. To insure your car against damage from the unpredictable weather, it makes sense to opt for comprehensive cover.
It is also important to check the reputation of the car insurance company before you decide on one. You can check unbiased ratings and reviews of each insurance company on NAIC (national association of insurance commissioners). This makes sure that you are not swayed by negative reviews from biased and angry reviews online.