Best Cheap Car Insurance Quotes for High Risk Drivers in Vermont

Comparing rates for budget auto insurance is confusing at best, and finding out which companies have the most affordable car insurance rates for high risk drivers requires even more work. Policy prices should be significantly pricier than the average policy in Vermont due to the potential for higher claims related to offering insurance for high risk drivers, but reasonably-priced coverage should be attainable if you compare enough rates.

Every auto insurer uses different criteria for determining rates in each state, so let’s take a look at the lowest cost car insurance companies in Vermont.

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Safeco quotes some of the best car insurance rates in Vermont at around $463 annually. California Casualty, The Hartford, USAA, and Travelers would also be considered some of the lowest-priced Vermont car insurance companies.

As the rates illustrate above, if you buy coverage from California Casualty and switched to Safeco, you could realize a yearly savings of in the vicinity of $51. Policyholders with The Hartford may save as much as $157 a year, and USAA insureds might realize rate reductions of up to $182 a year.

Be aware that those prices are averaged for all insureds and vehicles and are not factoring in a price surcharge for high risk drivers. So the insurer that is most affordable for your situation may not even be in the above list. That is why you need to compare as many prices as possible using your own specific driver and vehicle information.

One of the key factors that influence the cost of insurance is where you call home in Vermont. Areas with more people or higher crime rates like Northfield, Manchester Center, and Saint Johnsbury tend to have more expensive car insurance rates, whereas areas that tend to be more rural get the luxury of paying less.

The next table illustrates the most costly cities in Vermont for high risk drivers in which to purchase auto insurance.

Price information shown is approximated as the specific geographic location can raise or lower prices greatly.

Discounts on the best cheap auto insurance for high risk drivers in Vermont

Insurers that offer cheap quotes for high risk drivers may also give you policy discounts that can reduce rates by as much as 35% or more if you meet certain criteria. Large car insurance companies and their possible discounts are outlined below.

The illustration below compares car insurance rates with and without policy discounts. The prices are based on a female driver, one accident and two traffic tickets, Vermont state minimum liability limits, full physical damage coverage, and $100 deductibles.

The first bar for each age group shows the price with no discounts. The second bar shows the rates with homeowner, anti-theft, continuous coverage, multiple policy, multiple vehicle, and paperless filing discounts applied. When drivers qualify for the discounts, the the average yearly reduction on car insurance for high risk drivers is 32% or $635.

google.charts.setOnLoadCallback(drawDiscqcibChart);function drawDiscqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Female Driver No Discounts’, ‘Female Driver with Discounts’],[‘Age 20’, 3777,2715],[‘Age 30’, 2975,2149],[‘Age 40’, 2853,2055],[‘Age 50’, 2647,1907],[‘Age 60’, 2599,1873],[‘Age 70’, 2835,2041]]);var options = {title: ‘Effect of Discounts on Insurance Rates for High Risk Drivers’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’:{left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#c096ca’, ‘#e1b7ec’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdisc’));chart.draw(data, options);}

The chart below shows how choosing a deductible can increase or decrease insurance costs when searching for cheap insurance for high risk drivers. The prices are based on a single female driver, full physical damage coverage, and no discounts are applied to the premium.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 2111,1929,1727,1537],[‘Age 30’, 1479,1347,1195,1049],[‘Age 40’, 1365,1245,1109,977],[‘Age 50’, 1199,1095,973,859],[‘Age 60’, 1157,1055,941,831],[‘Age 70’, 1339,1223,1095,975]]);var options = {title: ‘Impact of Deductibles on Insurance Rates in Vermont’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);formatter.format(data,4);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdfd’));chart.draw(data, options);}

The chart above illustrates that a 30-year-old driver could lower their policy premium by $256 a year by changing from a $100 deductible to a $500 deductible, or save $388 by switching to a $1,000 deductible. Even younger drivers, such as the 20-year-old chart data, could lower their rates as much as $574 or more just by using higher deductibles. If you do make the decision to raise your deductibles, it will now be necessary to have spare funds to be able to pay the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.

Find the best cheap auto insurance for high risk drivers in Vermont

It is possible to find better rates, and here are a few thrifty ideas that can help drivers buy cheaper auto insurance.

• Maintain a safe distance and avoid accidents
• Increase the comprehensive and collision deductibles on your policy
• Earn a discount by not filing claims
• Avoid getting citations and tickets
• Do not pay for full coverage on older vehicles
• Shop around for cheaper prices

That final tip is incredibly critical, as we pointed out in the prior article. Prices charged by companies in Vermont vary considerably, so drivers shouldn’t hesitate to switch to a new company if a better deal can be had.

Staying with the same company for years is fine, but is isn’t recommended if that loyalty ends up costing hundreds every year. Now is a great time to shop around to find cheaper insurance for high risk drivers.