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Best Cheap Car Insurance in Vermont for 2021

Dec. 9, 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 20 auto insurers in Vermont and ranked the five cheapest options for several common driver types.


Cheapest for 20-year-old drivers in Vermont

Drivers in their 20s may have to get a lot of quotes to find cheap car insurance. Prices can be sky-high for younger 20-somethings, but tend to come down as drivers get more experience on the road. Still, some companies routinely have better insurance rates for young drivers, so it's best to shop around to find them.

Cheapest full coverage in Vermont for 20-year-olds

Drivers in Vermont with clean driving records may want to consider the following companies, which had the lowest average rates:

  1. Nationwide: $1,653 per year.
  2. Geico: $1,708 per year.
  3. State Farm: $2,565 per year.
  4. Allstate: $2,895 per year.
  5. MetLife: $3,273 per year.

Cheapest minimum coverage in Vermont for 20-year-olds

Drivers in Vermont who want just the state minimum coverage may want to check with these companies, which had the lowest average rates:

  1. Geico: $447 per year.
  2. Concord Group: $476 per year.
  3. Nationwide: $705 per year.
  4. Allstate: $767 per year.
  5. State Farm: $838 per year.

Cheapest coverage for 20-year-olds with poor credit in Vermont

Drivers with poor credit in Vermont should look at the following insurers with the lowest average rates for minimum coverage:

  1. Geico: $536 per year.
  2. Concord Group: $680 per year.
  3. Allstate: $853 per year.
  4. Nationwide: $945 per year.
  5. Union Mutual: $1,578 per year.

Cheapest for 20-year-old drivers with one at-fault crash in Vermont

For drivers with a recent accident in Vermont, here are the companies with the lowest average rates for minimum coverage:

  1. Geico: $532 per year.
  2. Concord Group: $633 per year.
  3. Nationwide: $800 per year.
  4. Allstate: $891 per year.
  5. Union Mutual: $933 per year.

Cheapest insurance for 20-year-old drivers after a DUI in Vermont

The cheapest auto insurance we found after a DUI is shown here, alongside the insurers’ average rates for minimum coverage.

  1. Geico: $687 per year.
  2. Concord Group: $791 per year.
  3. Nationwide: $919 per year.
  4. Allstate: $932 per year.
  5. Union Mutual: $1,206 per year.

Cheapest for 30-year-old drivers in Vermont

By the time they reach their 30s, most drivers will enjoy cheaper car insurance rates than in their teens and 20s. Still, factors like a person’s driving record and car make and model can increase prices. Drivers in their 30s can get lower rates by shopping around and taking advantage of any car insurance discounts.

Cheapest full coverage in Vermont for 30-year-olds

Drivers in Vermont with clean driving records may get the lowest rates from these companies:

  1. Nationwide: $818 per year.
  2. Geico: $856 per year.
  3. State Farm: $1,196 per year.
  4. Allstate: $1,365 per year.
  5. MetLife: $1,484 per year.

Cheapest minimum coverage in Vermont for 30-year-olds

Drivers in Vermont who want their state’s minimum coverage can check with the following companies, which had the lowest average rates:

  1. Union Mutual: $171 per year.
  2. Geico: $223 per year.
  3. Concord Group: $285 per year.
  4. Nationwide: $336 per year.
  5. State Farm: $390 per year.

Cheapest coverage for 30-year-olds with poor credit in Vermont

Drivers with poor credit in Vermont should consider the following companies with the lowest average rates for full coverage:

  1. Geico: $1,014 per year.
  2. Nationwide: $1,116 per year.
  3. Allstate: $2,001 per year.
  4. Progressive: $2,708 per year.
  5. MetLife: $2,759 per year.

Cheapest for 30-year-old drivers with one at-fault crash in Vermont

For drivers in Vermont with a recent accident, here are the lowest average rate options for full coverage:

  1. Nationwide: $1,190 per year.
  2. Geico: $1,307 per year.
  3. State Farm: $1,509 per year.
  4. Allstate: $1,880 per year.
  5. MetLife: $1,984 per year.

Cheapest insurance for 30-year-old drivers after a DUI in Vermont

For the cheapest auto insurance after a DUI, we found the following options for full coverage.

  1. Nationwide: $1,494 per year.
  2. State Farm: $1,762 per year.
  3. Geico: $1,805 per year.
  4. Progressive: $1,819 per year.
  5. Allstate: $1,853 per year.

Cheapest for 40-year-old drivers in Vermont

Drivers in their 40s tend to have better insurance rates than their younger counterparts on average, but still pay more than older age groups. Shopping around for cheap car insurance quotes with multiple insurers is the best way to find lower rates. Good drivers who don’t get behind the wheel often might want to consider pay-per-mile insurance, which charges drivers by how many miles they drive.

Cheapest full coverage in Vermont for 40-year-olds

Drivers in Vermont with clean driving records may want to think about the following companies, which had the lowest average rates:

  1. Nationwide: $799 per year.
  2. Geico: $830 per year.
  3. State Farm: $1,170 per year.
  4. Allstate: $1,365 per year.
  5. MetLife: $1,394 per year.

Cheapest minimum coverage in Vermont for 40-year-olds

Drivers in Vermont who want just the minimum coverage may want to check prices from these companies, which had the lowest average rates:

  1. Union Mutual: $171 per year.
  2. Geico: $221 per year.
  3. Concord Group: $238 per year.
  4. Nationwide: $331 per year.
  5. State Farm: $393 per year.

Cheapest coverage for 40-year-olds with poor credit in Vermont

Drivers with poor credit in Vermont can check out the following insurers with the lowest average rates for full coverage:

  1. Geico: $987 per year.
  2. Nationwide: $1,088 per year.
  3. Allstate: $2,001 per year.
  4. Progressive: $2,572 per year.
  5. MetLife: $2,619 per year.

Cheapest for 40-year-old drivers with one at-fault crash in Vermont

For drivers with a recent accident living in Vermont, here are the companies with the lowest average rates for full coverage:

  1. Nationwide: $1,167 per year.
  2. Geico: $1,276 per year.
  3. State Farm: $1,476 per year.
  4. MetLife: $1,861 per year.
  5. Allstate: $1,880 per year.

Cheapest insurance for 40-year-old drivers after a DUI in Vermont

The cheapest full coverage auto insurance we found for drivers with a DUI came from the following companies.

  1. Nationwide: $1,472 per year.
  2. State Farm: $1,723 per year.
  3. Progressive: $1,731 per year.
  4. Geico: $1,774 per year.
  5. Allstate: $1,853 per year.

Cheapest for 50-year-old drivers in Vermont

Drivers in their 50s have cheaper car insurance rates than most other age groups on average. Prices will continue to drop as they inch toward their 60s and gain more driving experience. Rates can still vary depending on other factors such as a driver’s gender and location, so it’s smart to shop around to find the best rate. Our list of the best cheap car insurance companies is a good place to start.

Cheapest full coverage in Vermont for 50-year-olds

Drivers in Vermont with clean driving records may want to get quotes from these insurers, which had the lowest average rates:

  1. Geico: $747 per year.
  2. Nationwide: $749 per year.
  3. State Farm: $1,147 per year.
  4. Allstate: $1,254 per year.
  5. MetLife: $1,296 per year.

Cheapest minimum coverage in Vermont for 50-year-olds

Drivers in Vermont who opt for the state minimum coverage may want to consider the following companies, with the lowest average rates:

  1. Union Mutual: $150 per year.
  2. Geico: $203 per year.
  3. Concord Group: $224 per year.
  4. Nationwide: $315 per year.
  5. State Farm: $390 per year.

Cheapest coverage for 50-year-olds with poor credit in Vermont

Drivers with poor credit in Vermont can check with the following companies, which showed the lowest average rates for full coverage:

  1. Geico: $911 per year.
  2. Nationwide: $1,017 per year.
  3. Allstate: $1,837 per year.
  4. Progressive: $2,370 per year.
  5. MetLife: $2,395 per year.

Cheapest for 50-year-old drivers with one at-fault crash in Vermont

For drivers living in Vermont with a recent accident, here are the insurers with the lowest average full coverage rates:

  1. Nationwide: $1,107 per year.
  2. Geico: $1,178 per year.
  3. State Farm: $1,448 per year.
  4. MetLife: $1,718 per year.
  5. Allstate: $1,727 per year.

Cheapest insurance for 50-year-old drivers after a DUI in Vermont

The cheapest auto insurance we found for drivers with a recent DUI comes from the following companies, listed with rates for full coverage.

  1. Nationwide: $1,411 per year.
  2. Progressive: $1,618 per year.
  3. Geico: $1,672 per year.
  4. State Farm: $1,692 per year.
  5. Allstate: $1,702 per year.

Cheapest for 65-year-old drivers in Vermont

Although 65-year-olds have cheaper car insurance rates than many other age groups on average, prices will start increasing as they get older. To find cheap auto insurance for seniors, drivers in their mid-60s should make sure to shop around to find the best rate. Drivers in this age group should also take advantage of any available discounts for senior citizens.

Cheapest full coverage in Vermont for 65-year-olds

Drivers in Vermont with clean driving records may want to think about getting quotes from these companies, which had the lowest average rates:

  1. Nationwide: $730 per year.
  2. Geico: $760 per year.
  3. State Farm: $1,079 per year.
  4. MetLife: $1,176 per year.
  5. Progressive: $1,441 per year.

Cheapest minimum coverage in Vermont for 65-year-olds

Drivers in Vermont who want just the state minimum coverage may want to check with these insurers, which had the lowest average rates:

  1. Union Mutual: $179 per year.
  2. Geico: $211 per year.
  3. Concord Group: $237 per year.
  4. Nationwide: $317 per year.
  5. State Farm: $373 per year.

Cheapest coverage for 65-year-olds with poor credit in Vermont

Drivers with poor credit in Vermont can look at the following companies with the lowest average rates for full coverage:

  1. Geico: $929 per year.
  2. Nationwide: $988 per year.
  3. Allstate: $2,131 per year.
  4. MetLife: $2,174 per year.
  5. Progressive: $2,424 per year.

Cheapest for 65-year-old drivers with one at-fault crash in Vermont

For drivers with a recent accident living in Vermont, here are the companies with the lowest average rates for full coverage:

  1. Nationwide: $1,083 per year.
  2. Geico: $1,195 per year.
  3. State Farm: $1,364 per year.
  4. MetLife: $1,569 per year.
  5. Allstate: $2,021 per year.

Cheapest insurance for 65-year-old drivers after a DUI in Vermont

The cheapest auto insurance we found after a DUI came from the following companies, shown with their average rates for full coverage.

  1. Nationwide: $1,387 per year.
  2. State Farm: $1,596 per year.
  3. Geico: $1,690 per year.
  4. Progressive: $1,828 per year.
  5. Allstate: $1,988 per year.

Cheapest for military families

If you’re an active member of the military or a veteran — or have an immediate family member who is — chances are you’ll get a relatively cheap rate with USAA, a company that isn’t available to the general public.

Because of that restriction, USAA isn’t ranked with the others, but it was among the cheapest five auto insurance options for 40 of the 40 driver profiles we examined.

» MORE: Best car insurance for veterans and military

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 insurance estimates from an average of 14 insurers in each state and Washington, D.C., for single male and female drivers with good credit and no tickets or violations. The analysis included 5-10 of the largest insurance companies in each state; smaller insurers were also included when rates were available. Liberty Mutual and its subsidiaries were excluded from our analysis as rates were not available.

For full coverage policies, we used the following coverage limits:

  • $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.

In states where required, minimum additional coverages were added. Some policies include additional coverages at the insurer’s discretion.

  • We used a 2018 Toyota Camry L for all drivers and assumed 12,000 annual miles driven.
  • We analyzed rates for drivers 20 to 80 years old in five-year increments.

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 that happened six months ago, resulting in $10,000 in property damage and no bodily injury claim.
  • For drivers with a DUI, we added a single drunken driving violation that happened six months ago.

These are rates generated through Quadrant Information Services. Your own rates will be different.