Vermont Auto Insurance

state of VermontThe state requires that all licensed motorists intending to operate a motor vehicle must carry proof of financial responsibility in order to occupy the highways. Since this is made mandatory, it is advised for consumers to obtain quotes from multiple insurers in order to find the most affordable rate and be in compliance with the law.

Finding rates from companies no longer has to be a hassle. Thanks to the World Wide Web, shopping for cheaper coverage can now be done quickly and easily.

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Obtaining Cheap Car Insurance in Vermont

Comparing the rates of various insurers is the most effective way to save on coverage. This is because their is no such thing as one company that can be the "cheapest" for all motorists. Each company views an applicant differently based on their criteria and the risk and losses that they have experienced with similar drivers. Since no two companies have the same past experiences with similar operators, they calculate their rates differently from each other to compensate for any loss that they may have had in the past with a certain category of driver. For example, if a company has had a extensive amount of claims with their teenage clientele, the chances are that future teen applicants will be charged higher premiums whereas the same may not apply with an insurer that has found teens to be profitable for their business.

The Vermont Department of Insurance strongly suggests shopping around to compare VT auto insurance in order to save and the Internet makes for a very fast and efficient way for consumers to obtain multiple quotations from a variety of providers in order to find the best deals. Thanks to the help of comparison websites, an individual can enter their basic information into an online application and receive a multitude of rates from reliable companies that they can compare from easily and conveniently. The more prices and carriers that one has to choose from, the higher the chance that they can find a lower premium.

Vermont Auto Insurance Laws

Like many other states, VT makes it mandatory for motorists to maintain a liability policy at all times while operating motor vehicles within the state. There are two parts to this type of coverage; Bodily Injury, which covers the other party for injuries where the policyholder is found liable and Property Damage, which covers the other party's property if damaged by fault of the insured. In addition, motorists must also carry Uninsured Motorist protection which provides coverage for the bodily injury of occupants and damage to the insured vehicle if involved in a traffic accident with a driver that is not insured. The minimum limits required are as follows:

Liability:

  • $25,000 for bodily injury to one person
  • $50,000 for bodily injury to two or more people
  • $10,000 for property damage

Uninsured Motorist:

  • $50,000 for bodily injury to one person
  • $100,000 for bodily injury to two or more people
  • $10,000 for property damage
law book, scale and gavelAnyone caught in violation of this law will be issued a traffic citation which will result in having to pay a fine. They may also have points assessed against their driving privileges and may be required to file an SR-22 with the DMV. Motorists should be aware that the required coverage does not compensate the insured for any injuries that they may sustain as a result of an accident or any damages to their vehicle. There are add-ons such as comprehensive and collision and medical expenses that can be considered for purchase should the individual feel need for extensive protection.


Questions Pertaining to VT Coverage

  • What Price Factors Are Used by Vermont Auto Insurance Companies?

    'Vermont' written across the United States flagIn the state of Vermont, insurers use what are known as "price factors" to classify drivers and charge them accordingly. Companies set premiums by using rating classifications that are developed by determining the risk of insuring potential policyholders who fall into...

  • What is the Vermont Auto Insurance Plan (VTAIP)?

    Vermont state flagThe Vermont Auto Insurance Plan (VTAIP) is a program designed to help high-risk drivers find automobile coverage. Typically, motorists are encouraged to shop around and compare quotes to find an affordable policy with an adequate amount of protection, but...

News for Vermont Car Insurance

  • Vermont Drivers Get $16K After 'Erroneous' Claims Handling

    October 29, 2013 - Dairyland Auto paid more than $15,800 to car insurance customers in Vermont after regulators there uncovered mistakes the insurer had made evaluating total-loss auto claims years ago. According to the Vermont Department of Financial Regulation (DFR), investigators found that Dairyland had "inaccurately calculated" 11 Vermont ...

  • The Hartford Paying $158K after Vermont Insurance Investigation

    December 12, 2012 - Improper handling of total-loss auto insurance claims has cost The Hartford tens of thousands of dollars in restitution and fines following an investigation by regulators, according to a Tuesday release from the Vermont Department of Financial ...

  • Vermont Lawmakers Increase Fine for Driving Without Coverage

    Oct. 3, 2011 - Getting caught driving without insurance in the Green Mountain State is soon to become more costly. When a bill recently signed into law by the governor takes effect, the fines for driving uninsured will jump from a maximum of $100 to between $250 and $500. Vermont ...

Articles Related to Vermont Insurance

  • Automobile Insurance Coverage in Vermont

    Jan 09, 2012 - A motorist in Vermont without auto insurance could lose their driver's license if caught behind-the-wheel. All registered vehicles in the Green Mountain State must be insured with a minimum amount of liability coverage to...

  • Complying with the Vermont Auto Insurance Laws

    Nov 22, 2011 - Vehicle owners in Vermont must comply with the state car insurance laws or face potential consequences. These laws have been put into place to help ensure that occupants of...

  • Cheap Car Insurance in Vermont

    Oct 05, 2011 - There are many different details that go into an auto insurance policy, but one of the major characteristics that Vermont motorists look for in vehicle coverage is affordability. Nearly every driver has...

Resources on Vermont Auto Insurance