Auto insurance rates in Vermont are relatively low; in 2010 annual rates were $1,218, compared to a national average of $1,528 for that year.

Annual Changes

Between the beginning of 2009 and the beginning of 2010, the average annual premium in Vermont fell 6%. It is not possible to know whether this downward trend will continue. Therefore, monitoring rates and obtaining frequent quotes through this site is the best way for Vermont drivers to ensure that they are paying the lowest possible rates for auto insurance. Rates are set and decided by the insurers themselves and there is no fixed rate set by the state of Vermont or by the industry itself.

Seasonal Changes

Vermont auto insurance rates changed often throughout 2010. A rise in early spring was followed by a drop in average rates in April, which in turn rose again and then remained stable before falling in August and then dropping even further in September. After that month, prices rose and fell from month to month, albeit within a narrow price range. Shopping around by obtaining periodic multiple quotes is always recommended as rate changes can occur quite rapidly.

Insurance Requirements

The minimum insurance requirements in Vermont include personal liability coverage of $25,000 per person and a $50,000 limit per accident, while the minimum property damage liability coverage is only $10,000. There is also a mandatory uninsured and underinsured motorist coverage requirement with minimum limits of $50,000 per person and $100,000 per accident for bodily injury and $10,000 for property damage. Under the tort system that is in force in Vermont, one party is judged responsible for all damages that result from an accident. Higher coverage limits are therefore highly recommended to preserve assets in the event of a lawsuit.

Advice for Getting the Best Deals

Both regional and national insurance companies provide Vermont drivers with reliable auto insurance coverage. Since each company sets its own rates according to different criteria, no one company is known to offer the lowest prices for all policies . Obtaining multiple quotes from reliable insurance companies that are rated A or higher by A. M. Best is highly recommended. The J. D. Power consumer satisfaction ratings for each company should also be taken into account.

Vermont drivers use our site for obtaining multiple quotes and monitoring prices at regular intervals in order to get the lowest possible car insurance prices.