August 3, 2021

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Auto Insurance for High-Risk Drivers in Vermont – Bankrate

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There are a number of factors that can put a driver in the high-risk category. Typically, an insurance company considers you a high-risk driver if you have an at-fault accident, a speeding ticket or a DUI conviction on your driving record or if you have a lapse in insurance coverage.

Although Vermont is one of the smallest states in terms of population, there are a fair number of high-risk drivers. For instance, more than 2,500 Vermont drivers were processed for a DUI in 2016. High-risk drivers in Vermont pay much higher auto insurance rates than drivers with a clean record and no insurance-related violations.

Rates for high-risk car insurance in Vermont

Every driver in Vermont pays a different rate for car insurance. Insurance companies look at personal factors like your ZIP code, credit score and claims history when calculating your rate. Certain criteria can make you a high-risk driver, like the marks on your driving record and even your age. If you have a speeding ticket, an at-fault accident or a DUI on your record or if you are a teen driver, be prepared to pay more for high risk auto insurance in Vermont.

Rates after a speeding ticket

Speeding tickets are not the most severe traffic offense, but they can have a big impact on your car insurance rate in Vermont. The actual rate increase depends on your insurance company and the number of speeding tickets you have received.

If you have multiple speeding tickets on your record, it is likely that your rate will increase even more. On top of that, getting a speeding ticket in Vermont means you will lose points on your driving record and you will be required to pay a fine.

Even the best car insurance companies often charge higher rates for drivers with a speeding ticket. The table below includes the average car insurance rate increase after a single speeding ticket from six of the biggest car insurance companies in Vermont:

Car insurance company Vermont average annual premium for full coverage before a speeding ticket Vermont average annual premium for full coverage after a speeding ticket % increase
Allstate $1,893 $2,172 15%
Geico $968 $1,136 17%
Nationwide $984 $1,152 17%
USAA $807 $912 13%

Rates after an accident

In Vermont, your auto insurance premium will likely increase at least an average of 10% after an accident. If you have more than one accident on your record, it is likely that your insurance company will raise your rate even more. Plus, you will be required to pay your insurance deductible if the accident caused any damage, and you will lose points on your driving record.

As you can see in the table below, the cost of high risk car insurance in Vermont varies based on the insurance company. Allstate has the lowest average increase of 20%, and Geico has the highest average rate increase of 51%. Here are the average rate increases after an accident from several popular car insurance providers in Vermont:

Car insurance company Vermont average annual premium for full coverage before an accident Vermont average annual premium for full coverage after an accident % increase
Allstate $1,893 $2,270 20%
Geico $968 $1,466 51%
Nationwide $984 $1,307 33%
USAA $807 $1,166 44%

Rates after a DUI

A DUI conviction is one of the most serious traffic offenses in Vermont, and it will have the most significant impact on your car insurance rate. If you have multiple DUIs on your record, your rate will likely increase even more, and it is possible that your insurance provider would cancel your coverage altogether.

A higher car insurance premium is not the only consequence of a DUI in Vermont. You will have restricted driving privileges, you will be required to complete community service and you will also have to pay a hefty fine. Additionally, you must purchase SR-22 insurance to prove that you meet Vermont’s minimum car insurance laws.

After three to five years, a DUI will stop affecting the cost of Vermont high risk auto insurance. Here are the average rate increases after a DUI from various insurance providers in Vermont:

Car insurance company Vermont average annual premium for full coverage before a DUI Vermont average annual premium for full coverage after a DUI % increase
Allstate $1,893 $2,399 27%
Geico $968 $2,113 118%
Nationwide $984 $1,596 62%
State Farm $1,129 $1,155 2%
Union Mutual $1,488 $2,322 56%
USAA $807 $1,623 101%

Rate for teen drivers

Young drivers in Vermont are considered high-risk because they have the least amount of driving experience, and are more likely to get into an accident than older drivers. Once a driver reaches their mid twenties, they should see their auto insurance rate start to drop. In the table below, we highlighted the average annual premiums for teen drivers in Vermont from a few different car insurance providers:

Car insurance company Average annual premium for full coverage
Allstate $2,417
Geico $1,453
Main Street America Group $2,411
Nationwide $778
State Farm $2,039
Union Mutual $8,701
USAA $1,650

*16-year-old on their parents’ policy

Who is a high-risk driver?

The definition of a high-risk driver is somewhat subjective. Bankrate defines a high-risk driver as someone who has an at-fault accident, single speeding ticket, single DUI conviction or lapse in insurance coverage violation on their record. The industry-standard definition of a high-risk driver includes individuals with a messy driving record, but it also includes drivers who have a poor credit score or have an active SR-22 certificate on their record.

How to lower your rate if you are a high-risk driver

If you are paying an expensive premium for Vermont high risk auto insurance, there are ways you may be able to get a lower rate. Here are some tips to help you get cheap car insurance in Vermont:

  • Shop around: Before choosing an insurance company, get quotes from a few insurance companies to see which one can give you the best rate.
  • Look for discounts: When you are comparing insurance providers, look for companies that offer multiple discounts you can take advantage of for the biggest savings potential.
  • Raise your deductible: Raising your deductible will lower your monthly premium, but make sure you can afford the higher out-of-pocket cost before you do it.
  • Improve your credit score: Drivers with a high credit score pay the lowest rates, so improving your credit can help you get a lower car insurance premium.

Frequently asked questions

How much car insurance is required in Vermont?

Drivers in Vermont are required to carry 25/50/10 liability insurance, which includes $25,000 in bodily injury coverage per person, $50,000 in bodily injury coverage per accident and $10,000 in property damage coverage per accident.

What is the best car insurance company in Vermont?

The best car insurance company in Vermont is different for every driver. It depends on how much coverage you want, how much money you want to spend, what discounts you can qualify for and more. We recommend shopping around and comparing several providers using your personal criteria to find the best provider for your needs.

How much does car insurance typically cost in Vermont?

The average cost of car insurance in Vermont is $1,207 per year for a full coverage policy and $101 per year for a minimum coverage policy. However, these average rates are for drivers with a clean record. High-risk drivers in Vermont will pay higher rates for car insurance.

Methodology

Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:

  • $100,000 bodily injury liability per person
  • $300,000 bodily injury liability per accident
  • $50,000 property damage liability per accident
  • $100,000 uninsured motorist bodily injury per person
  • $300,000 uninsured motorist bodily injury per accident
  • $500 collision deductible
  • $500 comprehensive deductible

To determine minimum coverage limits, Bankrate used minimum coverages that meet each state’s requirements. Our base profile drivers own a 2019 Toyota Camry, commute five days a week and drive 12,000 miles annually. These are sample rates and should only be used for comparative purposes.

High-risk drivers
Incident: Rates were calculated by evaluating our base profile with the following incidents applied: clean record (base), at-fault accident, single speeding ticket, single DUI conviction and lapse in coverage.

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