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Best Cheap Car Insurance in Vermont for 2020

Jan. 2, 2020
Auto Insurance, Insurance
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Patience and persistence matter if you’re looking for cheap car insurance in Vermont. Prices can vary significantly among insurance companies, so it makes sense to compare as many as you can.

To make things simpler, NerdWallet collected rates from the 11 largest auto insurers in Vermont and ranked the five cheapest options for several common driver types.

Cheapest for good drivers in Vermont

For those with good credit and clean driving histories in Vermont, these are the cheapest insurance companies and average rates for full coverage policies:

  1. Concord Group: $771 per year.
  2. Geico: $784 per year.
  3. Vermont Mutual: $795 per year.
  4. Co-Operative: $829 per year.
  5. Nationwide: $1,025 per year.
Drivers with no recent accidents or violations can get cheaper car insurance rates for having good credit. For this calculation, NerdWallet averaged rates for 40-year-old men and women with a clean driving record and good credit. In terms of driving and credit history, a large portion of drivers are closest to this profile, which carries standard "full coverage" insurance, including comprehensive and collision, along with state-required coverage. Prices shown include a good driver discount, when available from the insurer.

Cheapest for minimum coverage in Vermont

For Vermont drivers seeking minimum coverage policies, here are the cheapest companies and their average rates:

  1. Union Mutual: $194 per year.
  2. Co-Operative: $225 per year.
  3. Geico: $241 per year.
  4. Vermont Mutual: $255 per year.
  5. Concord Group: $277 per year.
We calculated these numbers by averaging rates for 40-year-old good drivers (earning them a discount if the insurer offers one) who have only the minimum mandatory insurance in their state. Such light coverage isn't typically recommended since it might not cover all the bills resulting from a car accident, but it's better than nothing — especially if you can't afford much more. If you're looking for the cheapest possible insurance you can get, though, you'll still want to get car insurance quotes from at least three auto insurers.

Cheapest for good drivers with poor credit

For Vermont drivers with spotty credit and clean driving histories, here are the cheapest insurers and their average rates for full coverage auto policies:

  1. Geico: $962 per year.
  2. Concord Group: $1,108 per year.
  3. Co-Operative: $1,248 per year.
  4. Nationwide: $1,444 per year.
  5. Allstate: $1,810 per year.
If you have a spotty credit history, it's important to shop around to find the cheapest auto insurance rates you can. Poor credit can have a bigger effect on car insurance premiums than even a DUI conviction or a recent at-fault crash, but prices vary by insurer. To calculate these figures, NerdWallet averaged rates for 40-year-olds with a clean driving record and associated good driver discount, if the insurer offered one. They had poor credit as reported to their insurer, and standard "full coverage" car insurance.

Cheapest for drivers with one at-fault crash

For drivers with a recent at-fault accident on their records, here are the cheapest auto insurers and average rates for full coverage policies:

  1. Vermont Mutual: $947 per year.
  2. Concord Group: $1,008 per year.
  3. Geico: $1,207 per year.
  4. State Farm: $1,294 per year.
  5. Liberty Mutual: $1,524 per year.
After a relatively minor crash, some auto insurers will charge a lot more than others for coverage. To get these figures, we averaged rates for 40-year-olds with typical "full coverage" insurance and one recent at-fault crash costing $10,000 in property damage. Your rates will remain high for three to five years after you cause an accident or have a moving violation — and you still may be rejected for coverage from certain companies, including those above. If you fall into this category, be sure to shop for new insurance rates just after the three-year and five-year anniversaries of your infraction.

Cheapest insurance after a DUI in Vermont

After a DUI, here are the cheapest auto insurers and their average rates in Vermont for full coverage:

  1. State Farm: $1,193 per year.
  2. Concord Group: $1,289 per year.
  3. Liberty Mutual: $1,615 per year.
  4. Allstate: $1,672 per year.
  5. Geico: $1,677 per year.
A conviction for driving under the influence, or DUI, generally results in higher auto insurance premiums than before. NerdWallet analyzed rates for 40-year-old drivers and standard “full coverage” car insurance with a recent DUI conviction to see which companies were cheapest. Be warned that you may be rejected for coverage, including from the companies listed above. Rates can vary by hundreds between carriers after a DUI, and some penalize for longer than others, so it’s important to shop around for the best available price right after you see a price hike and each year after that.

Cheapest insurance after a ticket in Vermont

Here are the cheapest car insurance companies and their average rates for Vermont drivers with a recent speeding ticket and full coverage policies:

  1. Co-Operative: $829 per year.
  2. Concord Group: $882 per year.
  3. Geico: $909 per year.
  4. Vermont Mutual: $947 per year.
  5. State Farm: $1,193 per year.
Getting a speeding ticket will result in higher car insurance rates from most companies for three to five years. To see who has the cheapest rates, we calculated average car insurance rates for 40-year-old drivers with “full coverage” insurance and a recent ticket for speeding 16 mph over the limit. Though these larger companies were the cheapest we found on average, others may be cheaper for you, so be sure to get at least three quotes before deciding on a carrier.

Cheapest for couples and families in Vermont

Adding drivers and vehicles to a policy generally results in discounts, but savings vary by company. For that reason, it’s best to compare insurance quotes every time something big happens, such as a marriage, a big move or a new teen driver in the house. To point Vermont residents in the right direction, NerdWallet analyzed rates for a 50-year-old married couple insuring two vehicles with and without a teen driver on their policy.

Cheapest for a married couple in Vermont

For a 50-year-old wife and husband with good credit and clean driving histories, here are the cheapest auto insurers we found in Vermont for full coverage on two vehicles:

  1. Vermont Mutual: $966 per year.
  2. Co-Operative: $1,021 per year.
  3. Geico: $1,067 per year.
  4. Concord Group: $1,139 per year.
  5. Union Mutual: $1,448 per year.
Couples who live together can save on auto insurance by combining policies, whether they are married or not, because they can earn multi-car and multi-driver discounts. Once they tie the knot, rates can dip further, but not because of discounts — insurers see married people as less risky and so charge them lower rates. Our hypothetical 50-year-old couple’s clean driving record also earns them both a good driver discount.

Cheapest for families with a teen in Vermont

For a 50-year-old married couple with an 18-year-old on their auto policy, here are the cheapest insurers we found for full coverage on two vehicles:

  1. Geico: $1,823 per year.
  2. Concord Group: $1,978 per year.
  3. Vermont Mutual: $2,285 per year.
  4. Co-Operative: $2,509 per year.
  5. Nationwide: $2,881 per year.
Adding a teen with two years’ driving experience to a married couple's policy is sure to cause a big jump in rates. Since different insurers tend to see a teen’s inexperience in different ways, we analyzed rates to see which companies had the cheapest car insurance for teens. These rates are averaged for 50-year-old couples with male and female 18-year-old drivers.

Cheapest for young drivers in Vermont

Drivers in their 20s typically pay higher rates for car insurance compared with drivers with more experience on the roads. However, young drivers can still save by shopping around for insurance quotes and selecting the cheapest company. To give you a leg up, NerdWallet looked at rates for 25-year-old drivers in Vermont to see which insurers were cheapest on average.

Cheapest full coverage for young good drivers

For young Vermont drivers with good credit and clean driving histories, here are the cheapest companies and rates for full coverage car insurance:

  1. Geico: $945 per year.
  2. Concord Group: $1,019 per year.
  3. Vermont Mutual: $1,131 per year.
  4. Co-Operative: $1,132 per year.
  5. Nationwide: $1,219 per year.
Drivers in their 20s can have a hard time finding cheap car insurance, and that's even truer when they need full coverage. The rates above are averages for 25-year-old male and female drivers with comprehensive and collision coverages, which are often required for drivers with active auto loans or leases. These rates reflect a good driver discount. Young drivers, like all drivers, should check several quotes to find the cheapest for the coverage levels they need.

Cheapest minimum coverage for young good drivers

For young drivers seeking minimum coverage policies in Vermont with good credit and driving histories, here are the cheapest companies we found and their average rates:

  1. Union Mutual: $220 per year.
  2. Geico: $285 per year.
  3. Co-Operative: $298 per year.
  4. Allstate: $330 per year.
  5. Vermont Mutual: $352 per year.
Since young people often have fewer assets to protect with liability insurance, they can usually get away with lower coverage limits. For an age group with relatively high insurance rates on average, that's good news, keeping rates as low as possible. For this price set, we averaged rates for 25-year-old male and female drivers who have clean driving records, good credit and bare-bones insurance coverage.

Poor credit and minimum coverage

For young drivers in Vermont with spotty credit histories and no recent tickets or moving violations, here are the cheapest insurers and their average rates for minimum coverage policies:

  1. Geico: $353 per year.
  2. Union Mutual: $399 per year.
  3. Allstate: $447 per year.
  4. Co-Operative: $450 per year.
  5. Concord Group: $563 per year.
Poor credit is common for younger folks just starting out, who may still be building their credit files. That can increase rates further, so it's extra important to shop around and compare as many insurance quotes as possible to find the cheapest you can get. For these prices, we averaged rates for 25-year-old male and female drivers with no recent accidents or violations (earning them a good driver discount), minimum coverage car insurance, and credit in the "poor" tier as reported to an insurer.

Cheapest for minimum coverage after a crash

For young drivers with a recent at-fault accident on their records, here are the cheapest Vermont auto insurers and their average rates for minimum coverage policies:

  1. Vermont Mutual: $395 per year.
  2. Geico: $416 per year.
  3. Union Mutual: $451 per year.
  4. Allstate: $461 per year.
  5. State Farm: $510 per year.
To get prices for this group, we averaged rates for 25-year-old male and female drivers with good credit and a recent at-fault crash costing $10,000 in property damage. Since car insurance is often pricier after a crash, and especially so for young drivers, we assumed minimum required insurance in the state to contain costs for our hypothetical driver. Depending on your situation, you may still be rejected for coverage, including from the companies listed above. If you've caused a crash, no matter your age, be sure to check auto insurance quotes just after the third and fifth anniversaries of your incident, when insurers often adjust rates downward.

Cheapest for minimum coverage after a DUI

For young Vermont drivers with a recent DUI on their records, here are the cheapest companies and average rates for minimum coverage auto policies:

  1. Allstate: $444 per year.
  2. State Farm: $467 per year.
  3. Geico: $557 per year.
  4. Liberty Mutual: $656 per year.
  5. Concord Group: $658 per year.
Young drivers with a recent DUI on their records will need to be diligent to find the lowest car insurance rates they can get — it's likely that many companies' rates will be quite expensive. Depending on the circumstances, you may be rejected for coverage, including from the companies listed above. But spending the time to shop around for quotes can help you find the lowest price from a company available to you. For this analysis, we averaged rates for male and female 25-year-old drivers with a recent DUI conviction. They had good credit and minimum required car insurance, which helps keep rates down.

Cheapest for minimum coverage and a ticket

For young Vermont drivers with a recent speeding ticket on their records, here are the cheapest auto insurers and average rates in our analysis for minimum coverage policies:

  1. Co-Operative: $298 per year.
  2. Union Mutual: $307 per year.
  3. Geico: $326 per year.
  4. Allstate: $367 per year.
  5. Vermont Mutual: $395 per year.
Getting a speeding ticket is never fun, and neither is the higher car insurance bill you may receive months later. At that point, it's time to shop around for better rates, and it wouldn't hurt to repeat on your third and fifth ticket anniversaries, when insurers may adjust rates downward. We analyzed rates for 25-year-old male and female drivers with a recent speeding violation for going 16 mph over the speed limit to see prices for this group.

Cheap for military families

The cheapest car insurance for military, veterans and their families may come from USAA, which isn’t available to the general public. For that reason, we don’t rank it alongside companies available to everyone, but USAA was among the three cheapest options in Vermont for every driver category above.

Recap: Cheapest car insurance in Vermont

  • Good drivers: Concord Group.
  • Minimum coverage: Union Mutual.
  • Poor credit: Geico.
  • After an at-fault crash: Vermont Mutual.
  • After a DUI: State Farm.
  • After a speeding ticket: Co-Operative.
  • Married couples: Vermont Mutual.
  • Families with a teen: Geico.
  • Young good drivers: Geico.
  • Minimum coverage for young good drivers: Union Mutual.
  • Minimum coverage for young drivers with poor credit: Geico.
  • Minimum coverage for young drivers after a crash: Vermont Mutual.
  • Minimum coverage for young drivers after a DUI: Allstate.
  • Minimum coverage for young drivers after a ticket: Co-Operative.

» MORE: Compare car insurance

Minimum car insurance requirements in Vermont

Vermont auto policies must include liability insurance and uninsured/underinsured motorist coverage with the following minimum limits:

  • $25,000 bodily injury liability per person.
  • $50,000 bodily injury liability per crash.
  • $10,000 property damage liability per crash.
  • $50,000 uninsured/underinsured motorist bodily injury per person.
  • $100,000 uninsured/underinsured motorist bodily injury per crash.
  • $10,000 uninsured/underinsured motorist property damage per crash.

It’s wise to consider buying more than the legal minimum, as those amounts may not be enough to fully cover car accidents. For instance, causing a crash could easily leave you owing more than $10,000 in property damage. You’d have to pay the remaining balance if that’s where your limit ends.

Check out NerdWallet’s guide to minimum car insurance requirements by state for more help planning your Vermont auto policy.

Alternative car insurance in Vermont

Drivers with poor credit, DUIs or other red flags could have trouble getting auto coverage on the voluntary market. As an alternative, you can apply for coverage through the Vermont Automobile Insurance Plan.

For more help finding cheap car insurance in Vermont, try NerdWallet’s easy-to-use car insurance comparison tool.

Methodology

For our “good driver” profile, NerdWallet averaged rates from the largest insurers in the state for 40-year-old men and women in all ZIP codes with 12,000 annual miles driven. The policy includes:

  • $100,000 bodily injury liability per person.
  • $300,000 bodily injury liability per accident.
  • $50,000 property damage liability per accident.
  • $100,000 uninsured motorist coverage per person.
  • $300,000 uninsured motorist coverage per accident.
  • Collision coverage with a $1,000 deductible.
  • Comprehensive coverage with a $1,000 deductible.
If required, minimum additional coverages were added and "good driver" discounts were automatically applied. Our “young driver” had all the same characteristics, but average rates were for 25-year-old men and women. We used a 2016 Toyota Camry LE for all single drivers. We used the same assumptions for all other driver profiles, with the following exceptions:

  • For drivers with minimum coverage, we adjusted the numbers above to reflect minimum required coverage by law in the state.
  • We changed the credit tier from “good” to “poor” as reported to the insurer to see rates for drivers with poor credit.
  • For drivers with one at-fault crash, we added a single at-fault crash costing $10,000 in property damage.
  • For drivers with a ticket, we added a single speeding violation for driving 16 mph over the speed limit.
  • For drivers with a DUI, we added a single drunken driving violation.
Couples in our analyses were 50-year-old men and women with good credit and clean driving histories, averaged across all ZIP codes with the same policy outlined above. To see rates for families with a teen, we added an 18-year-old licensed two years ago, averaging rates for male and female teens. For couples and families we added a 2016 Nissan Rogue S to create a two-car household.

In all cases, a paperless discount, e-signature discount and electronic funds transfer discount were automatically applied. These are rates provided by Quadrant Information Services. Your own rates will be different.