Cheap Auto Insurance Quotes for Homeowners in Vermont

For people who own their homes, one of the largest things that determine the price you pay for insurance is where you live. More populated areas like Northfield, Saint Johnsbury, and Bellows Falls tend to have higher auto insurance costs, whereas areas that are not as densely populated benefit from having to pay less for coverage.

The next table rates the most expensive areas in Vermont for homeowners to buy auto insurance in.

Rate quotes are approximated as the specific Vermont residence address can influence price quotes significantly.

Finding out which insurers offer the cheapest auto insurance rates for homeowners takes a little more effort than just comparing rates from one or two companies. Each company has a different formula to set policy rates, so let’s rank the most affordable auto insurance companies in Vermont.

We do need to point out that Vermont auto insurance rates are based on many factors that will increase or decrease the price of coverage. Simply improving your credit, having a teenage driver, or getting a few speeding tickets can trigger rate changes resulting in some rates now being much cheaper than others.

Cheap Insurance Rates for Homeowners

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Safeco quotes some of the lowest car insurance rates in Vermont at around $467 each year. California Casualty, The Hartford, USAA, and Travelers would also be considered some of the cheaper Vermont car insurance companies.

In the above rates, if you have coverage with USAA and switched to California Casualty, you might realize a yearly price reduction of around $119. Vermont drivers with Travelers could save as much as $210 a year, and Unitrin insureds might lower prices by up to $219 a year.

Understand that those estimates are averages across all ages of drivers and types of vehicles and and are not figured with a rate discount for homeowners. So the company that fits your age and vehicle best may not even be featured in the company chart above. That helps illustrate why you need to compare rates from as many companies as possible using your own driver data and vehicle information.

The vehicle you are trying to insure is one of the largest factors that determines the availablility of cheap car insurance for homeowners in Vermont. Vehicles with limited speed and performance, advanced safety features, or a low likelihood of liability claims will cost quite a bit less to insure than adrenaline junky models. The next lists illustrates auto insurance costs for some of the cheaper vehicles to insure.

Premium data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Vermont minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, homeowner, and multi-policy. Table data does not factor in zip code location which can increase or decrease premium rates substantially.

Data based on single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Vermont minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, multi-vehicle, and safe-driver. Premium costs do not factor in specific location which can lower or raise coverage prices considerably.

Premium data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Vermont minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, multi-policy, and safe-driver. Rate quotes do not factor in vehicle location which can lower or raise insurance rates considerably.

Accidents and violations increase rates

The obvious way to enjoy cheap car insurance for homeowners in Vermont is to be a good driver and avoid accidents and violations. The illustration below demonstrates how traffic citations and accidents can drive up insurance prices for different ages of insureds. The premium estimates are based on a single female driver, full coverage, $500 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’, 1585,1731,2125],[‘Age 30’, 1091,1231,1627],[‘Age 40’, 1013,1159,1553],[‘Age 50’, 891,1031,1429],[‘Age 60’, 861,1003,1397],[‘Age 70’, 1005,1151,1545]]);var options = {title: ‘Effect of Tickets and Accidents on Vermont Insurance Cost’,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 car insurance per year with no accidents and a clean driving record is $1,074. Add in one speeding ticket and the average cost jumps to $1,218, an increase of $143 each year. Then add one accident along with the one speeding ticket and the annual cost of auto insurance for homeowners jumps again to an average of $1,613. That’s an increase of $538, or $45 per month, just for not driving carefully!