Finding out which insurers offer the cheapest car insurance rates for safe drivers in Vermont will take a little more sweat in order to find a policy that fits your budget. Every auto insurer has a different process for determining prices, so let's take a look at the most budget-friendly car insurance companies in Vermont.
It's important that you understand Vermont car insurance rates are impacted by many things which can substantially decrease or increase the cost of having a policy. Improving your credit rating, having a teen driver, or having a fender bender may prompt premium changes that can make some companies more affordable than before.
Lowest Insurance Price Quotes for Safe Drivers
|Rank||Company||Cost Per Year|
|12||National Grange Mutual||$1,144|
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Safeco may have some of the cheapest car insurance rates in Vermont at around $477 each year. California Casualty, USAA, The Hartford, and Travelers are also some of the best Vermont insurance companies.
As depicted above, if you buy coverage from The Hartford and switched to California Casualty, you might realize a yearly price reduction of in the neighborhood of $127. Policyholders with Travelers could save as much as $196 a year, and Unitrin insureds might see rate reductions of $212 a year.
These prices are averaged across all types of insureds and vehicles and do not factor in a price discount for safe drivers. So the company that can offer you the lowest price may not even be in the list above. That illustrates why you need to compare rates from as many companies as possible using your own driver data and vehicle information.
The vehicle model requiring insurance is one of the largest factors that determines whether or not you find the best cheap auto insurance for safe drivers. Vehicles with lots of horsepower, poor safety ratings, or an increased likelihood of liability claims will cost quite a bit more to insure than safer models.
The next table ranks coverage prices for a handful of the most cost-effective automobiles to insure.
|Make and Model||Estimated Cost for Full Coverage|
|Honda CR-V EX 4WD||$447|
|Chevrolet Silverado LS Extended Cab 4WD||$471|
|Toyota RAV4 2WD||$477|
|Ford Escape Limited 4WD||$475|
|Jeep Wrangler Unlimited Sport Islander Package 4WD 4-Dr||$486|
|Hyundai Elantra Blue 4-Dr Sedan||$488|
|Honda Civic EX 4-Dr Sedan||$493|
|Dodge Grand Caravan CV||$489|
|Chevrolet Impala LTZ||$496|
|Toyota Corolla XRS||$505|
|Nissan Rogue S 2WD||$510|
|Toyota Tacoma Double Cab 4WD||$528|
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Data rating is based on single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Vermont minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, homeowner, and multi-vehicle. Table data does not factor in specific zip code location which can affect price quotes greatly.
Based upon the table data, we can assume that vehicles like the Toyota Prius, Honda CR-V, Chevrolet Silverado, Toyota RAV4, and Ford Escape are going to be the most economical vehicles to insure for good drivers.
For good drivers, one of the more important things that aid in calculating the cost of insurance is where you normally keep your vehicle in Vermont. Areas with increased crime or more people like Northfield, Newport, and Bennington tend to pay more, whereas areas that tend to be more rural have the enjoyment of a little cheaper coverage.
The information below shows the highest-priced places in Vermont for safe drivers to purchase auto insurance in.
|7||White River Junction||$1,016|
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Premium amounts are approximated as specific Vermont garaging address can alter premiums considerably.
Which car insurance company is best in Vermont?
Buying coverage from the right insurance company can be difficult considering how many choices there are in Vermont. The company information in the next section can help you decide which coverage providers you want to consider when comparing rate quotes. These ratings are for the largest companies in the United States, so companies that may only write in Vermont are not included in this list.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies
Get discount Vermont insurance rates
Auto insurance companies that provide coverage for safe drivers may also provide policy discounts that can lower rates by as much as 30% if you meet the requirements. The best car insurance companies and some of the premium reductions they offer are included below.
- Esurance may include discounts for Switch & Save, safety device, good student, online quote, emergency road assistance, and good driver.
- The Hartford offers premium reductions for good student, driver training, vehicle fuel type, air bag, and defensive driver.
- AAA policyholders can earn discounts including AAA membership discount, multi-car, pay-in-full, multi-policy, anti-theft, education and occupation, and good student.
- GEICO may have discounts that include daytime running lights, defensive driver, multi-policy, anti-lock brakes, and federal employee.
- State Farm has savings for good driver, good student, driver's education, Drive Safe & Save, and multiple policy.
The diagram below shows the difference between auto insurance rates with and without discounts applied to the premium. The information is based on a female driver, no driving violations, no at-fault accidents, Vermont state minimum liability limits, full coverage, and $500 deductibles.
The first bar for each age group shows insurance cost with no discounts. The lower bar shows the rates with homeowner, multiple policy, accident-free, marriage, multiple vehicle, and vehicle safety discounts applied. In this example, the average savings per year on car insurance for safe drivers is 27% or $295.
Why you should be shopping around
Vermont car insurance rates are influenced by many factors which can substantially change your annual premium. Simply having another birthday, buying a new vehicle, or getting caught speeding may prompt premium changes that can make some companies affordable when they were higher priced.
In addition, insurance companies file new Vermont auto insurance rates multiple times each year in order to protect their financial rating. Unexpectedly high claims may cause more expensive premiums, while lower claim expenses can cause cheaper Vermont car insurance rates.
To illustrate this point, the bar chart below demonstrates which company has the cheapest car insurance in Vermont for a 45-year-old female driver with no prior accidents, a clean driving record, and a good credit rating. If we compare prices based on her current risk factors, Safeco has the cheapest car insurance rates in Vermont at $467 a year. This is $614 less than the average premium paid by Vermont drivers of $1,081. California Casualty, USAA, The Hartford, and Travelers also make the list of the cheapest Vermont auto insurance companies.
Now we will give the driver in the first example an accident claim, a little lower credit rating, and a speeding ticket. Because each company uses their own method to set premium rates, comparing quotes may result in a completely different list of companies as shown below.
California Casualty now has the cheapest insurance rate in Vermont with Co-Operative Insurance, Concord, The Hartford, and GEICO also being competitive. This demonstrates why it is crucial to shop around to get the best car insurance rates for safe drivers. Car insurance prices are impacted by many risk factors and can change without notice, so the best option the last time you compared rates may now be an over-priced policy.