Auto Insurance in Vermont

Vermont is famed for being the Green Mountain State after being discovered by the fabled French explorer, Samuel de Champlain. In more modern times, Vermont has become more familiar for being one of the cheapest places to purchase auto insurance throughout the entire United States.

Following the release of average auto insurance prices for the first quarter of 2010, motorists in Vermont are now paying 3% less than they were during an equivalent period in 2009. The average premium in Vermont is now just $1,252 and this figure works out to be $322 cheaper than the national US average.

However, auto insurance in Vermont is actually quite complex and there are many different compulsory obligations that must be purchased to make up a basic policy. All drivers are expected to carry an absolute minimum of $25,000 in bodily injury liability per person and $50,000 in bodily injury liability per accident. Furthermore, all vehicle owners must carry $10,000 of property damage cover.

Vermont, which operates under the Tort system, also makes protection against uninsured and underinsured motorists a mandatory factor in terms of auto insurance. Drivers must have $50,000 per person and $100,000 per accident in UIM cover. Additionally, motorists are expected to carry $10,000 worth of uninsured motorist property damage cover.

Although this equates to a substantial amount of auto insurance, the sparse terrain associated with the Green Mountain State means that accidents are less likely to happen and insurance carriers alter their premiums to a more affordable level because of this.

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