How Much Does Car Insurance Cost for Drivers Over Age 50 in Vermont?

For Vermont drivers, one of the things that affect the price of your policy is the neighborhood you call home in Vermont. Cities with more crime and/or more people like Newport, West Brattleboro, and Saint Johnsbury tend to pay slightly more, whereas areas with less congestion generally benefit from lower auto insurance rates.

The following table lists the highest-priced places in Vermont for drivers over age 50 to purchase car insurance in.

Rates are estimated as the garaging address in Vermont can lower or raise premium rates noticeably.

The type of vehicle to be insured is probably the largest consideration that determines the availablility of affordable auto insurance for drivers over age 50. Vehicles with high performance engines, poor safety ratings, or a high likelihood of having liability claims will cost substantially more to insure than safer models. The next table illustrates car insurance rates for a number of the most economical vehicles to buy insurance for.

Prices based on married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Vermont minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, multi-vehicle, and safe-driver. Premium amounts do not factor in Vermont location which can alter coverage prices significantly.

Looking at the numbers, vehicles like the Honda CR-V, Ford Escape, and Honda Accord are most likely going to be the more affordable vehicles to insure for older drivers.

Car insurance rates are higher with tickets and accidents

The easiest way to obtain cheap insurance for drivers over age 50 in Vermont is to be a careful driver and have a clean driving record. The chart below illustrates how traffic citations and at-fault collisions drive up premium costs for each different age group. The premiums assume a single female driver, full physical damage coverage, $250 deductibles, and no discounts are applied.

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The data above shows the average cost of car insurance per year with a clean driving record and no accidents is $1,590. Get one speeding ticket and the average cost jumps to $1,802, an increase of $212 each year. Then add two accidents along with the one speeding ticket and the 12-month cost of car insurance for drivers over age 50 increases to an average of $3,645. That’s an increase of $2,055, or $171 per month, just for not being a responsible driver!

Ending up with the highest-rated auto insurance company can be rather challenging considering how many companies sell insurance in Vermont. The company ratings below can help you choose which insurers you want to consider when trying to find the cheapest insurance for drivers over age 50. These rankings are only made up of companies that insure vehicles nationwide, so smaller regional companies are not included in this list.

Top 10 Major Car Insurance Companies in Vermont Ranked by A.M. Best Rating

1. GEICO – A++
2. Travelers – A++
3. State Farm – A++
4. USAA – A++
5. Allstate – A+
6. Nationwide – A+
7. Esurance – A+
8. Progressive – A+
9. The Hartford – A+
10. The General – A-

Top 10 Major Car Insurance Companies Overall in Vermont

1. The General
2. The Hartford
3. Progressive
4. Travelers
5. State Farm
6. Farmers Insurance
7. Safeco Insurance
8. USAA
9. GEICO
10. 21st Century

Is the best company Allstate, Progressive, State Farm, or Geico?

When it comes to car insurance for older drivers in Vermont, the most popular companies are Allstate, Progressive, State Farm, and Geico. They all have the same basic coverages, but each one has a slightly different set of options and discounts that may affect your buying decision. The data below points out ratings for price, service, and claims, in additional to some of the optional coverages shoppers can expect to find with each one.