Vermont Car Insurance

To drive legally within the state of Vermont, drivers must have liability insurance. Liability coverage functions as a protection for drivers if they are deemed responsible for collisions. It keeps drivers from having to pay out of pocket for any hospital or car repair bills with which they are served, and also acts as a protection against getting sued by providing insurance holders with legal representation and assistance in paying for legal fees. However, keep in mind that having liability insurance will not actually prevent others from involving insurance holders in lawsuits. According to Vermont state law, the minimum amount of liability coverage required is as follows:

Required Coverages in Vermont:

  • Bodily Injury Liability Per Person: $25,000
  • Bodily Injury Liability Per Accident: $50,000
  • Property Damage Liability: $10,000

Violation of the law will result in penalties, as described by the statute. If you drive without insurance, you will be fined, and you may face the suspension of your license and the revocation of your driving privileges. You will also be responsible for any damage or injuries you cause during a collision, and risk getting sued by the other party.

Determining Your Rate in Vermont

According to the Consumer’s Guide to Insurance, car insurance companies in Vermont look at different factors to determine insurance rates. These factors include the gender, age, and marital status of the driver, as well as the age and type of vehicle. Companies also look at how the vehicle is used and where the vehicle is located. For example, drivers living in areas with high crime rates will be considered more high risk to insure, so as a result, their insurance rates will be costlier. In addition, car insurance in Vermont is priced according to the driver’s record and credit history.

Auto insurance in Vermont costs drivers an average of $646, according to the Insurance Information Institute, which is lower than the nation’s average of $785. Drivers can keep their insurance rates down by keeping a good driving record, installing safety features in their vehicles, and increasing their deductibles.