What Used Cars are the Cheapest to Insure in Vermont?
Want to know the cheapest pre-owned vehicle to insure in Vermont? We researched insurance quotes in the state to save you the effort!
This article covers insurance basics for the state of Vermont and tips to save money on premiums. We also found the best insurance companies and answered frequently asked questions!
Vermont Cheapest Used Cars to Insure
We used a basic driver’s profile to assess cars from the 2021 production year. The 45 cars used are from the Insurance Institute for Highway Safety (IIHS) 2021 Top Safety Pick+ list. After putting them through an insurance quote generator, we’ve compiled a list of the cheapest used cars to insure.
1. 2021 XC60 by Volvo
The cheapest used vehicle to insure in Vermont is the 2021 Volvo XC60, which costs $227 monthly for full coverage. This is above the state average of $88 per month. A liability-only policy for this four-door compact SUV costs $86 per month.
The Volvo XC60 has three engine options and your choice of front-wheel or all-wheel drive. The XC60 comes standard with automatic emergency braking, lane-keeping assist, blind-spot monitoring and LED headlights to keep you safe on the road.
Its front-wheel-drive models get 22 mpg in the city and 29 mpg on the highway, making it a solid choice for efficiency.
2. 2021 Bronco Sport by Ford
The second-cheapest used car to insure in Vermont is the 2021 Ford Bronco Sport. It costs $259 per month for a full-coverage policy, which is more expensive than the state full-coverage average. Liability-only coverage for this four-door SUV with off-roading capability costs $86 per month.
The IIHS gave the Bronco Sport its highest rating of “Good” in all its crashworthiness tests and its highest rating of “Superior” in its crash avoidance and mitigation tests. It also sports impressive gas mileage at 25 mpg in the city and 28 mpg on the highway.
3. 2021 Palisade by Hyundai
The 2021 Hyundai Palisade is the third-cheapest used car to insure in Vermont, with a full-coverage policy costing $265 per month. This is above the average cost of $88 per month in the state. A liability-only policy costs $92 per month for this four-door SUV with three rows of seats.
The Palisade gets 19 mpg in the city and 24 mpg on the highway when driving its standard all-wheel-drive models.
It has received the IIHS’s highest score of “Good” in all but one of its crashworthiness tests. It’s ranked with the highest score of “Superior” in all the IIHS’s crash avoidance and mitigation tests.
The 45 Cheapest Used Vehicles to Insure in Vermont
We collected policy estimates for 45 vehicles from the Insurance Institute for Highway Safety‘s 2021 Top Safety Pick+ list. All 45 cars are ranked by their full-coverage policy costs below. We have also included the costs of their liability-only policies for your comparison.
|Year||Make||Model||Full Coverage||Liability Only|
Full Coverage vs. Liability Insurance Costs
Liability-only insurance is cheaper than full coverage, but it only covers damage caused by the insured driver. Full coverage also includes fire, theft, and collision. Below are the average costs for both full-coverage and liability-only insurance in Vermont.
|Full-coverage policy||Liability-only policy|
The Best Vermont Car Insurance Companies
The three best automobile insurance companies in Vermont are Vermont Mutual Insurance, Travelers, and Concord Group Insurance.
After establishing the Vermont insurance companies with the largest market shares over 2%, we compared their complaint index figures. Companies with lower complaint indexes indicate fewer complaints and happier claimants.
You can see all of the rankings below:
|Insurance Company||Market Share||Percent of Total Complaints||Complaint Index|
|Vermont Mutual Insurance||3.90%||N/A||0.21|
|Concord Group Insurance||4.83%||N/A||0.69|
|Patrons Co-op Fire Insurance Co.||3.84%||N/A||1.38|
|Berkshire Hathaway Inc.||14.90%||N/A||2.56|
The figures in the Complaint Index data are national numbers from the National Association of Insurance Commissioners (NAIC).
Tips to Lower Insurance Premiums in Vermont
Drivers in Vermont can follow these tips to maximize discounts and minimize insurance premiums:
- Check Your Eligibility for Discounts: You could be eligible for discounted car insurance by bundling plans or having a good driving record.
- Pass a Defensive Driving Class: Defensive driving classes can lead to auto insurance discounts lasting multiple years.
- Compare Your Options: Shopping around for different insurance providers can lower your insurance premium significantly.
- Opt for Minimal Coverage: Liability-only insurance coverage is cheaper than more comprehensive policies, making it a great option if you can’t afford a full-coverage plan.
In order to provide the most accurate and relevant data, we used an in-state address and a basic driver profile to identify the cheapest used vehicles to insure in Vermont. We used this information to run the 45 aforementioned vehicles through an insurance quote generator.
Basic Driver Profile
- 35-year-old male with a bachelor’s degree
- Single and employed full time
- Homeowner but did not bundle policies
- Owns the vehicle rather than leases or finances it
- Has been with the current insurance carrier for five or more years
We used vehicles on the IIHS 2021 Top Safety Pick+ 2021 list. The IIHS is an independent, nonprofit organization that collects safety data for cars on the market.
We used the following limits for liability-only quotes:
- $100,000/$300,000 liability limits
- $100,000 property damage limits
- $10,000 personal injury protection
For the full-coverage quotes, we included the following coverages with the liability selections:
- $1,000 deductible on collision coverage
- $1,000 deductible for comprehensive coverage
- $50/$1,500 rental reimbursement
- $100 roadside assistance
Frequently Asked Questions
What is the cheapest SUV to insure in Vermont?
The 2021 Volvo XC60 is the cheapest used SUV to insure in Vermont at $227 per month for a full-coverage policy.
Are older cars cheaper to insure?
Older cars are cheaper to insure because they are less valuable than new vehicles. Older cars are also cheaper to repair and replace parts, making insurance policies less expensive for these vehicles.
How much liability insurance is required in Vermont?
In Vermont, drivers need car insurance with a bodily injury liability of $25,000 per person and $50,000 per accident, property damage liability coverage of $10,000 per accident, and uninsured motorist coverage of at least $50,000 per person, $100,000 per accident, and $10,000 for property damage.
What is the penalty for driving without insurance in Vermont?
Driving without insurance in Vermont can accrue a fine of $100 and up to $500 for repeat offenders. Drivers can also have their licenses suspended until they can prove that they have completed their suspension period and acquired the proper insurance. Some courts will order drivers to get an SR-22.
What is the basic insurance for a car?
Basic car insurance is liability-only insurance. This policy covers damage caused by the insured driver. There are other levels of auto insurance, however, and lenders may require more extensive coverage, such as comprehensive and collision insurance.
What car has the highest insurance rates?
Sports, luxury, and rare vehicles have the highest insurance rates. Their replacement is expensive, so insuring them is too. Classic cars are also costly to insure because car makers no longer produce them, so sourcing parts for repairs is difficult and expensive.
- (2023.) 2021 Top Safety Picks. Insurance Institute for Highway Safety. Retrieved April 20, 2023, from https://www.iihs.org/ratings/top-safety-picks/2021
- (2023.) Average Cost of Car Insurance in Vermont. Bankrate. Retrieved April 20, 2023, from https://www.bankrate.com/insurance/car/average-cost-of-car-insurance-in-vermont/
- (2023.) Largest Auto Insurance Companies in Vermont. Everquote. Retrieved April 20, 2023, from https://www.everquote.com/blog/car-insurance/largest-companies-vermont/
- (2023.) Consumer Insurance Search Results. NAIC. Retrieved April 20, 2023, from https://content.naic.org/cis_refined_results.htm
- (2023.) Auto Insurance Requirements in Vermont. Value Penguin. Retrieved April 20, 2023, from https://www.valuepenguin.com/auto-insurance/vermont/requirements
- (2023.) Penalties for Driving Without Insurance in Vermont. ValuePenguin. Retrieved April 20, 2023, from https://www.valuepenguin.com/auto-insurance/vermont/penalties-driving-without-insurance
- (n.d.) 2021 Volvo XC60. Car and Driver. Retrieved April 26, 2023, from https://www.caranddriver.com/volvo/xc60-2021.
- (n.d.) 2021 Ford Bronco Sport. Car and Driver. Retrieved April 26, 2023, from https://www.caranddriver.com/ford/bronco-sport-2021.
- (2023.) 2021 Ford Bronco Sport. Insurance Institute for Highway Safety. Retrieved April 26, 2023, from https://www.iihs.org/ratings/vehicle/ford/bronco-sport-4-door-suv/2021.
- (n.d.) 2021 Hyundai Palisade. Car and Driver. Retrieved April 26, 2023, from https://www.caranddriver.com/hyundai/palisade-2021.
- (2023.) 2021 Hyundai Palisade. Insurance Institute for Highway Safety. Retrieved April 26, 2023, from https://www.iihs.org/ratings/vehicle/hyundai/palisade-4-door-suv/2021.
At FIXD, our mission is to make car ownership as simple, easy, and affordable as possible. Our research team utilizes the latest automotive data and insights to create tools and resources that help drivers get peace of mind and save money over the life of their car.