Who Has the Cheapest Auto Insurance Quotes After a Speeding Ticket in Vermont?

The car, truck, or SUV requiring insurance is a large consideration when quoting the cheapest auto insurance after a speeding ticket in Vermont. Vehicles with limited top-end speed, good safety features, or a track record of few liability claims will cost much less to insure than adrenaline junky models. The data below illustrates insurance rates for a selection of the most cost-effective vehicles to buy coverage for.

Data based on married male driver age 50, two speeding tickets, no at-fault accidents, $500 deductibles, and Vermont minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, and homeowner. Price information does not factor in Vermont location which can affect insurance rates considerably.

Based upon these rates, vehicles like the Honda CR-V, Honda Accord, and Ford Escape are likely to be some of the most budget-friendly vehicles to insure after a few driving violations.

For Vermont drivers, one of the components used to establish the price you pay for insurance is your address in Vermont. Cities with larger populations or higher claims like Saint Johnsbury, Newport, and Springfield tend to pay more, whereas areas that are not as densely populated tend to receive cheaper rates.

The illustration below displays the higher priced cities in Vermont after a speeding ticket in which to buy car insurance.

Rate quotes are approximated as the specific area where the vehicle is garaged can change premiums substantially.

Discounts on the cheapest auto insurance after a speeding ticket in Vermont

Car insurance companies that offer quotes after a speeding ticket may have special discounts that may potentially lower prices by 25% or more if you can meet the requirements. Larger insurance companies and a selection of discounts are outlined below.

• Progressive may have discounts that include multi-policy, homeowner, online quote discount, good student, multi-vehicle, and online signing.
• SAFECO policyholders can earn discounts including anti-theft, anti-lock brakes, accident prevention training, multi-car, homeowner, and bundle discounts.
• American Family offers discounts for TimeAway discount, accident-free, good driver, air bags, bundled insurance, multi-vehicle, and Steer into Savings.
• MetLife may include discounts for good student, multi-policy, good driver, accident-free, defensive driver, and claim-free.
• GEICO may offer discounts for multi-policy, defensive driver, federal employee, good student, membership and employees, daytime running lights, and anti-theft.
• The Hartford discounts include good student, bundle, defensive driver, vehicle fuel type, driver training, air bag, and anti-theft.

The diagram below illustrates the difference between auto insurance rates with and without discounts applied to the premium. The data assumes a female driver, one traffic citation and no accidents, Vermont state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows the price with no discounts. The lower bar shows the rates with multiple vehicle, marriage, continuous coverage, paid-in-full, anti-theft, and homeowner discounts applied. When discounts are factored in, the the average amount saved on insurance after a speeding ticket is 28% or $501.

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Drive safe and save

One of the best ways to earn the best insurance prices in Vermont after a few driving violations is to drive cautiously and avoid accidents and keep your driving record clean. The chart below illustrates how traffic citations and at-fault claims drive up insurance rates for each age group. The rate quotes are based on a married male driver, comprehensive and collision coverage, $100 deductibles, and no discounts are applied.

google.charts.setOnLoadCallback(drawVioqcibChart);function drawVioqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘No Violations or Accidents’, ‘One Speeding Ticket and No Accidents’, ‘One Speeding Ticket and One Accident’],[‘Age 20’, 2721,2951,3611],[‘Age 30’, 1413,1645,2307],[‘Age 40’, 1359,1589,2249],[‘Age 50’, 1245,1477,2137],[‘Age 60’, 1223,1457,2115],[‘Age 70’, 1411,1641,2301]]);var options = {title: ‘Effect of Tickets and Accidents on Vermont Insurance Prices’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 600,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},colors:[‘#b2da64′,’#eed355′,’#e39e71’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in Vermont’,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);var chart = new google.visualization.BarChart(document.getElementById(‘qcibvio’));chart.draw(data, options);}

In the example above, the average cost of an auto insurance policy in Vermont per year with no violations or accidents is $1,562. Get one speeding ticket and the average cost swells to $1,793, an increase of $231 each year. Then throw in one accident along with the one speeding ticket and the 12-month cost of insurance after a speeding ticket goes up to an average of $2,453. That’s an increase of $891, or $74 per month, just for not being a responsible driver!

How to get the cheapest auto insurance after a speeding ticket in Vermont

The list below summarizes some of the recommended money-saving ideas that can help Vermont drivers locate more affordable auto insurance.

• Don’t waste money on full coverage for older vehicles
• Staying accident-free helps keep rates low
• Pay lower rates with good credit
• Safe vehicles generally have lower rates
• Bundle car and home insurance and save money
• Look for cheaper rates once a year by shopping around

The last suggestion is certainly crucial, as was affirmed in the article above. Car insurance prices change frequently, so you should be ready to switch companies if a cheaper price is available.

Being loyal to a particular company is commendable, but is isn’t recommended if that stubbornness costs you a small fortune. In just a few minutes you could compare prices to find cheaper car insurance after a speeding ticket.