Who Has the Cheapest Car Insurance Quotes for Seniors in Vermont?

Wouldn’t this article be short if you could just magically know the single best company in Vermont that has the cheapest rates for seniors? It’s not that simple, unfortunately, as there are a ton of unknown aspects like the number of years you have been driving, the amount of physical damage deductibles, and if you rent or own your home, that all factor into the price you pay. In this article, we will teach you about the best ways to maintain low rates and educate you enough to have a solid foundation to find cheaper car insurance in Vermont.

For senior citizens, one of the largest considerations that auto insurance companies use when figuring the policy price is your address in Vermont. Areas that are more densely populated like Newport, Brattleboro, and Bennington likely pay more, whereas areas with less congestion benefit from lower rates.

The table below sorts the highest-priced areas in Vermont for seniors to buy auto insurance in.

Annual rates are comparative as specific location information can affect coverage prices significantly.

The vehicle that is being insured is probably the largest consideration when consumers are trying to find the cheapest auto insurance for seniors in Vermont. Vehicles with more horsepower, poor passenger safety features, or a history of substantial liability claims will cost more to insure than more modest models. The data below outlines coverage prices for a selection of the cheapest vehicles to insure in Vermont.

Premium data assumes married female driver age 60, no speeding tickets, no at-fault accidents, $500 deductibles, and Vermont minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, claim-free, and multi-policy. Estimates do not factor in specific garaging location which can revise auto insurance rates substantially.

Data based on married female driver age 60, no speeding tickets, no at-fault accidents, $500 deductibles, and Vermont minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, homeowner, and claim-free. Table data does not factor in specific Vermont garaging location which can raise or lower premiums greatly.

Table data represents married female driver age 60, no speeding tickets, no at-fault accidents, $500 deductibles, and Vermont minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, homeowner, and multi-vehicle. Rate information does not factor in specific garaging location which can revise price quotes considerably.

Does it make sense to buy full coverage?

Finding the cheapest auto insurance for seniors in Vermont should be important to the majority of vehicle owners, and one good way to reduce the cost of insurance is to only buy liability insurance. The illustration below shows the difference between auto insurance costs with full phyical damage coverage and with liability coverage only. The information is based on no accidents or driving violations, $1,000 deductibles, drivers are single, and no discounts are taken into consideration.

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If averaged for all ages, physical damage coverage on your policy costs $1,357 per year more than carrying just liability coverage. That touches on the question if you should buy full coverage at all. There is no set guideline of when to eliminate physical damage coverage on your policy, but there is a guideline you can use. If the yearly cost for physical damage coverage is about 10% or more of the replacement cost minus the deductible, then you may want to consider only buying liability coverage.

There are a few situations where dropping physical damage coverage is not recommended. If you still have a loan on your vehicle, you have to keep full coverage as part of the loan conditions. Also, if your emergency fund is not enough to purchase a different vehicle in the event your current vehicle is totaled, you should maintain full coverage.