Vermont may be a small state, but you still need a car. Therefore, at some point you’re going to have to shop for auto insurance. There is no simpler way to compare companies than with Vermont car insurance quotes. You can get your quotes now, just by entering your zip code above.
For those new to the state or those who just want to learn more about how insurance works in Vermont, please keep reading. We’ve included information about the minimum amounts of insurance you need to legally drive in the state, important pieces of insurance legislation you should be aware of, rate information and more. So get a quote above instantly or keep reading to learn more.
Minimum Auto Insurance Requirements In Vermont
In Vermont you are required to carry both liability coverage and uninsured/underinsured motorist (UM/UIM) coverage. Liability coverage protects you financially if you cause an accident; whereas uninsured/underinsured motorist coverage protects you if you get in an accident with an uninsured/uninsured who causes the accident. Both are important and both are required by law.
You’ll need to buy at least the following amounts of each type of coverage:
- $25,000 bodily injury liability for bodily injury or death per injured person;
- $50,000 bodily injury liability for bodily injury or death per accident;
- $10,000 property damage liability for property damage per accident;
- $50,000 uninsured/underinsured motorist coverage for bodily injury or death per injured person;
- $100,000 uninsured/underinsured motorist coverage for bodily injury or death per accident;
- $10,000 uninsured/underinsured motorist coverage for property damage per claim.
The Vermont Insurance Division states that, “The minimum limits mandated by law may not provide sufficient protection for some people.” In other words, if you have any major financial assets you wish to protect (e.g. your home) you are advised to buy more than the minimum amount of coverage outlined above. To find out how much you’ll need, you’ll have to talk to your licensed insurance agent or company.
In addition, there are several other types of optional coverages you may wish to consider buying to supplement your mandatory coverage. This can include collision coverage (for vehicle damage in accidents), comprehensive coverage (for vehicle damage outside accidents) and medical payment coverage (for your own medical and hospital bills), among others.
Vermont State Auto Insurance Laws
Knowing your mandatory insurance requirements is just the first step to knowing more about your legal rights and responsibilities as a driver in Vermont. For a complete summary of the most important insurance laws you should read the full text of Title 8 of the Vermont Statutes.
Of particular interest to car owners and drivers in Vermont are the following chapters:
- Chapter 105 – Fire and Casualty Insurance
- Chapter 113 – Liability Insurance
- Chapter 128 – Property and Casualty Rate Regulation
- Chapter 135 – Insurance Policies
- Chapter 200 – Consumer Protection.
Perhaps the most important thing overall to know about Vermont’s car insurance laws, is that they are based on the tort system of comparative negligence. This means fault is assigned in an accident. Your ability to collect damages is based on how much at fault you are in an accident. For example, if you were found to be 30% responsible for an accident, the other insurance company would only have to reimburse you 70% of the damages.
However, if you are found to be more than 51% responsible for an accident you may find you will not be able to collect any damages from the other driver’s insurance company. To learn more about this law, you should speak to your insurance agent and/or company, as it can play a hugely important role in how any potential claims are processed.
For more on Vermont insurance laws, have a look at the insurance Division’s Insurance Regulations, Orders, Bulletins & Market Conduct page. You may also want to have a quick look at the DMV’s FAQ page about Accidents and Insurance.
Vermont Car Insurance Companies
Despite Vermont’s relatively small population, there are still a multitude of car insurance companies to choose from. The easiest way to find them is just by using the free auto insurance quote form at the top and bottom of this page. The other option is to visit the websites of large insurers and get quotes from them individually.
The following companies are all members of the Insurance Information Institute and represent many of the largest companies in the state to issue auto insurance policies.
Kemper Corporation (formerly Unitrin)
You should of course know that just because a company is big, does not make it the right fit for you. Research now, can really pay off later if you have to make an insurance claim. You should at the very least check out the number of complaints a company has, as well as make sure your insurance agent or company has a valid license.
Finally, if you are unsatisfied with your auto insurance company, you may want to look into whether or not you could benefit from filing a complaint.
Average Vermont Auto Insurance Rates
Vermont auto insurance rates are among the lowest in the entire country. In 2008, the Insurance Information Institute found that average annual auto insurance premiums were just $653 in Vermont. This was about $150 less per year than the US average.
Vermont’s relative standing has improved if numbers provided by CarInsurance.com are to be believed. They claim the average car insurance quote in Vermont is for a policy costing $861 per year, compared to the US policy average of $1,446. Keep in mind this is just the average quote price, not the actual price of any policy purchased.
Thus, Vermont drivers get a good deal when it comes to coverage. Yet they could be doing even better, if they got a few more instant car insurance quotes online. The good news is that you can, right here.
Vermont Car Accident Statistics
The other piece of good news for car owners and drivers in Vermont is that the state is safer than the US average when it comes to traffic fatalities. According to the National Highway Traffic Safety Administration (NHTSA), the state recorded 74 traffic fatalities in 2008. While, any number greater than zero is too many, it was proportionately lower than other states.
The fatality rate in Vermont for 2009 was 0.97 fatalities per 100 million vehicle miles traveled. The US average for that same year was 1.14. The drinking and driving rate in the state is about inline with the US norm (31% of fatalities in Vermont vs 32% in the rest of the US). Finally the following 5 counties contained 55% of all deaths in 2009 according to the NHTSA: Rutland County, Franklin County, Washington County, Bennington County and Windham County.
For more on how to be a better driver and about what the state is doing to improve highway safety, have a look at the DMVs Safety & Enforcement resources.
Vermont Car Insurance Quotes Are Good For Saving Money
Car insurance can be a bit outrageous when it comes to its prices. Nonetheless, you need to buy it as it is required by law. So the best way to go about doing so is getting many Vermont car insurance quotes for free online. With all the advantages that the Internet has brought since its introduction, it is only proper that Vermont insurance companies have decided to utilize such an avenue to get their services closer to the people.
Usually the problem with getting car insurance, is that people find it too time-consuming to go around and look for which options to choose and who to buy from. Online, you can get all the information that you need about your chosen quotes, without ever having to leave the comforts of your own house. And all you need is your computer and an Internet connection.
The task of getting a Vermont auto insurance quote online is quite easy. All you have to do is to fill out the given application form. In this case, be truthful when it comes to the information that you put in the form. Sometimes, people have the tendency of putting false information about their driving history, car or any number of things to make themselves look better.
Do not in any way do this! You may find your Vermont car insurance policy legally revoked during an accident, if you provide false or misleading information on an insurance application. You could also face other penalties as well. The savings are not worth the potential penalties.
Truly, getting a car insurance quote online is an easy task, as it alleviates any of those unnecessary agendas that are placed before you. Just think about it. Back in the day, people had to do so much paperwork just to get that much needed car insurance. And you don’t, since you can get your quote instantly. So get a Vermont car insurance quote today and be covered, whenever and wherever you hit the road.
Local Guides to Vermont’s Insurance
A Consumer’s Guide to Buying Automobile Insurance – published by the Vermont Insurance Division.