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Best Cheap Car Insurance in Vermont for 2019

Jan. 2, 2019
Auto Insurance, Insurance
At NerdWallet, we strive to help you make financial decisions with confidence. To do this, many or all of the products featured here are from our partners. However, this doesn’t influence our evaluations. Our opinions are our own.

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 eight largest auto insurers in Vermont and ranked the three cheapest options for several common driver types.

Cheapest for good drivers

Concord Group had the cheapest rates in Vermont for good drivers with good credit this year, at $64 per month, on average. Vermont Mutual and Co-Operative round out the cheapest three.

InsurerAverage price
*These companies are not rated because there is not enough data to evaluate them against larger companies.

NerdWallet rating: Not rated*

$768/year

$64/month

NerdWallet rating: Not rated*

$789/year

$66/month

NerdWallet rating: Not rated*

$811/year

$68/month
For this calculation, NerdWallet averaged rates for 40-year-old men and women with a clean driving record and good credit. With the exception of age, a large portion of drivers are closest to this profile, which carries standard "full coverage" insurance, including state-required coverage.

Cheapest for drivers with poor credit

Concord Group was the cheapest carrier we found in Vermont for drivers with credit issues, at $92 per month, on average. Co-Operative and Nationwide were second and third, respectively.

InsurerAverage price
*Concord group and Co-Operative are not rated because there is not enough data to evaluate them against larger companies.

NerdWallet rating: Not rated*

$1,107/year

$92/month

NerdWallet rating: Not rated*

$1,222/year

$102/month
4.0 NerdWallet rating

$1,337/year

$111/month
Poor credit can have a bigger effect on car insurance premiums than even a DUI conviction or a recent accident. To calculate these figures, NerdWallet averaged rates for 40-year-olds with a clean driving record, poor credit as reported to their insurer, and standard "full coverage" insurance.

Cheapest for drivers with one at-fault crash

Vermont Mutual was the cheapest insurer we found for drivers who recently caused a crash, at $76 per month, on average. Concord Group and State Farm also made the cut.

InsurerAverage price
*Vermont Mutual and Concord Group are not rated because there is not enough data to evaluate them against larger companies.

NerdWallet rating: Not rated*

$913/year

$76/month

NerdWallet rating: Not rated*

$1,007/year

$84/month
4.0 NerdWallet rating

$1,384/year

$115/month
To get these figures, we averaged rates for 40-year-olds with one recent at-fault crash and the typical "full coverage" insurance. Your rates will remain high for three to five years after you cause an accident or have a moving violation. 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 for low-mileage drivers

Concord Group was the cheapest auto insurer we found for Vermont drivers who put few miles on their odometers, at $62 per month, on average. Vermont Mutual and Co-Operative complete the list.

InsurerAverage price
*These companies are not rated because there is not enough data to evaluate them against larger companies.

NerdWallet rating: Not rated*

$743/year

$62/month

NerdWallet rating: Not rated*

$789/year

$66/month

NerdWallet rating: Not rated*

$811/year

$68/month
Whether you're retired, work at home or often use public transportation, you may be able to get cheaper car insurance simply because you drive less. The rates above are for 40-year-olds with typical "full coverage" insurance and a clean driving record who drive 5,000 miles per year instead of the standard 12,000.

Cheapest for minimum coverage

Co-Operative was the cheapest insurer we found for minimum coverage in Vermont, at $19 per month, on average. Vermont Mutual and Concord Group were second- and third-cheapest, respectively.

InsurerAverage price
*These companies are not rated because there is not enough data to evaluate them against larger companies.

NerdWallet rating: Not rated*

$229/year

$19/month

NerdWallet rating: Not rated*

$254/year

$21/month

NerdWallet rating: Not rated*

$287/year

$24/month
We calculated these numbers by averaging rates for 40-year-old good drivers 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.

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.

Here’s a summary of where you’ll find the cheapest insurance, by category:

Cheapest car insurance in Vermont

CategoryCheapest option
Good driversConcord Group
Drivers with poor creditConcord Group
Drivers with one at-fault crashVermont Mutual
Low-mileage driversConcord Group
Minimum coverageCo-Operative Insurance
For our base-profile driver with good credit and a clean driving history, NerdWallet averaged rates from the largest insurers for 40-year-old men and women in 20 ZIP codes. The policy includes:

  • $100,000 bodily injury liability coverage per person.
  • $300,000 bodily injury liability coverage per crash.
  • $50,000 property damage liability coverage per crash.
  • $100,000 uninsured/underinsured motorist bodily injury coverage per person.
  • $300,000 uninsured/underinsured motorist bodily injury coverage per crash.
  • $10,000 uninsured/underinsured property damage liability coverage per crash.
  • Collision coverage with $1,000 deductible.
  • Comprehensive coverage with $1,000 deductible.

We used the same assumptions for all other driver profiles, with the following exceptions:

  • For drivers with poor credit, we adjusted the credit tier from “good” to “poor.”
  • For drivers with one at-fault crash, we added a single at-fault crash.
  • For low-mileage drivers, we adjusted the miles driven from 12,000 per year to 5,000.
  • For drivers with minimum coverage, we adjusted the numbers above to reflect minimum required coverage by law in the state.

We used a 2015 Toyota Camry in all cases. These are rates generated through Quadrant Information Services. Your own rates will be different.