Who Has the Cheapest Auto Insurance for Active Military in Vermont?

This would be a really short article if we could just tell you the one auto insurance company that has the best auto insurance prices in Vermont. It’s just not that easy, however, as there are a lot of unknowns like the number of miles you drive in a year, whether you are female or male, and if full coverage is needed, that all go into determining the rate you pay. In this article, we will teach you about the best ways to find cheap auto insurance and will hopefully give you a good beginning to your search for cheaper coverage.

Finding reliable, cost effective car insurance is challenging, and finding out which company quotes the lowest-priced insurance rates for active military calls for even more rate comparisons. Premiums will probably be slightly less expensive than the average rate in Vermont, with the lower price attributed to the decrease in risk related to offering insurance for military personnel. Economical insurance should be possible from many providers.

Each auto insurance company uses slightly different criteria to set premium rates, so first we will examine the insurance companies that tend to have lower prices in Vermont. It’s important that readers know that Vermont insurance rates are based on many factors that will increase or decrease the policy price. Simply having another birthday, moving across town, or getting a couple of tickets can trigger rate changes that can make some companies much higher than others.

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Safeco normally has some of the best car insurance rates in Vermont at around $477 annually. California Casualty, USAA, The Hartford, and Travelers would also be considered some of the cheaper Vermont car insurance companies.

As the example above demonstrates, if you are currently insured with The Hartford and switched to California Casualty, you might see a yearly savings of approxmiately $132. Policyholders with Travelers might save as much as $215 a year, and Unitrin customers might realize rate reductions of up to $217 a year.

Understand that those estimates are averages for all types of drivers and the different vehicles they drive and do not factor in a price discount for active military. So the company that can offer the best rates for your situation may not even be in the list above. That helps illustrate why you need to get car insurance quotes using your own driver and vehicle profiles.

The vehicle model requiring insurance is one of the largest considerations when comparing quotes for low-cost coverage for active military. Vehicles with higher performance, poor safety ratings, or high incidents of liability claims will cost significantly more to insure than safer models. The table below features coverage premiums for a number of the most cost-effective vehicles to buy coverage for.

Data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Vermont minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, multi-policy, and safe-driver. Premium amounts do not factor in the specific area where the vehicle is garaged which can influence coverage prices greatly.

Looking at the data, we can conclude that cars like the Ford Escape, Chevrolet Traverse, Honda CR-V, and Hyundai Santa Fe are most likely going to be the most affordable vehicles to insure for military personnel.

When shopping for insurance for military personnel, one of the many considerations that is used by insurance companies to determine rate quotes is where your home is located in Vermont. More densely populated places like Northfield, White River Junction, and Saint Albans are more likely to have higher rates, whereas areas with less congestion get the luxury of paying less.

The information below lists the highest-priced areas in Vermont for active military in which to purchase auto insurance.

Premium costs are estimated as zip code location can influence rates noticeably.

Difference between liability only and full coverage rates

Finding the cheapest auto insurance for active military in Vermont is probably important to the majority of drivers, and one good way to find cheap insurance is to not buy comprehensive and collision coverage. The chart below illustrates the comparison of car insurance costs when comparing full coverage to liability only. The price estimates are based on no accidents or driving violations, $250 deductibles, drivers are not married, and no discounts are applied to the premium.

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If we average all the age groups together, full coverage on your policy costs $1,257 per year more than just buying liability insurance. That is a large expense which might make you wonder if paying for full coverage is a waste of money. There is no exact formula that is best for determining when to drop physical damage coverage, but there is a general guideline you can use. If the annual cost of coverage is more than 10% of the replacement cost minus the deductible, then you may need to consider dropping full coverage.

Violations and accidents raise rates

The common sense way to earn the best insurance rates in Vermont for military personnel is to drive safely and avoid accidents and traffic citations. The information below shows how violations and at-fault collisions can drive up insurance premiums for each different age group. The costs are based on a single male driver, full physical damage coverage, $1,000 deductibles, and no discounts are factored in.

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 Two Accidents’],[‘Age 20’, 1699,1829,3033],[‘Age 30’, 903,1033,2237],[‘Age 40’, 877,1007,2213],[‘Age 50’, 805,933,2137],[‘Age 60’, 781,909,2115],[‘Age 70’, 971,1099,2307]]);var options = {title: ‘Effect of Citations and Accidents on Vermont Car 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 previous example, the average cost of auto insurance per year with no accidents and a clean driving record is $1,006. Receive one speeding ticket and the average cost rises to $1,135, an increase of $129 each year. Then add in two accidents along with the one speeding ticket and the 12-month cost of insurance for active military jumps again to an average of $2,340. That’s an increase of $1,334, or $111 per month, just for not driving attentively!

How to get the cheapest auto insurance for active military in Vermont

It is possible to find better rates, and here are a few thrifty solutions that can help Vermont drivers quote more affordable coverage.

• Save money by only buying liability coverage for older vehicles
• Avoid at-fault accidents and claims
• Better credit rating means better rates
• Vehicles with good safety ratings have lower liability rates
• Ensure your driving record is clean
• Increase deductibles to save money
• Compare rate quotes frequently

The last suggestion is extremely vital, as was pointed out in the prior information. Prices charged by companies can change in a short period of time, so drivers shouldn’t be resistant to switch carriers if a lower-cost policy is available. Having brand loyalty is commendable, but it isn’t a good idea if that inflexibility results in costing you thousands of dollars over several years. In just a few minutes you could compare rates to find cheaper insurance for active military.

Who has the cheapest insurance quotes for military personnel?

There are many different ways to quote insurance rates in Vermont, but the three most common methods are through a captive (or exclusive) agency such as Allstate or State Farm, an independent agent, or buying direct from a company like Progressive or Geico.

They all follow the same basic process, but it’s important to understand the differences in how they function.

Independent agents can place your business with multiple companies and can do rate comparisons with each one. These agents have the freedom to give you a larger rate selection, which may give you improved chances of finding a lower rate. If you want to switch companies, your agent can switch companies without having to get a different agent.

An agent who is captive is only able to place business with a single company, two popular examples being a State Farm or Allstate agent. Exclusive agents are unable to provide rates from more than one company, so keep that in mind.

The third popular method of shopping for insurance is direct, which means you bypass an agent and instead buy buying direct from a company like Geico or Esurance. Buying insurance direct may be a decent choice families who have little risk and know more than average about the limitations of their policy.

So which way is best to buy the cheapest auto insurance for active military in Vermont? One answer would be shopping direct results in the cheapest price because there is no agent taking a commission, but unfortunately, it’s not that simple. We could also say that using an independent agent is the best way to go since there are more companies to choose from, but that assumption is not true either. In some circumstances, exclusive agents have extremely competitive rates that cannot be met by either independent or direct companies.

Because there is so much variation in insurance prices, the only real way to ensure you are not overpaying for insurance is to do a thorough rate comparison. If you have the time, get quotes from all three types to get a good idea who is cheapest. For a list of companies with online discounts, click here to view.