UPDATED: Mar 13, 2020
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Cheap Car Insurance in Burlington, VT
In the market for cheap auto insurance in Burlington, VT? From AutoInsuranceEZ.com, you can get the cheapest insurance policy locally. In order to obtain free car insurance quotes offered by the very best providers right away, type in your local zip code into the quote box in this article.
Burlington, the largest city within the state of Vermont, has an interesting mix of past and present incorporated into the same location. Old, family-owned farms still operate and thrive within the city limits while the economy booms thanks to modern technological industries. Burlington also earned an “Outstanding Achievement Award” from the US Conference of Mayors in 2004.
- Fun fact: were you aware that Burlington is exactly 45 miles south of the Canadian border? Read up on Burlington by clicking here.
Auto Insurance Coverage Requirements in Vermont
Driving legally in Burlington requires:
|Bodily Injury Liability||25,000/50,000||100,000/300,000|
|Property Damage Liability||10,000||50,000|
|Uninsured Motorist Bodily Injury||50,000/100,000||100,000/300,000|
|Medical Payments||Not required||5,000|
|Collision||Not required||500 deductible|
|Comprehensive||Not required||50 deductible|
Vermont only requires drivers to carry mandatory Liability coverage and some Uninsured Motorist coverage. This gives drivers the opportunity to save money each month by only purchasing a minimal amount of insurance. But keep in mind that state minimums will not cover you if your car is damaged by severe weather, or if your car gets vandalized or stolen. You will have to purchase additional coverage to protect against such events. To find out whether you’re still receiving the most favorable rate, compare cheap Vermont car insurance quotes online.
Based on our research, the average monthly premium for Vermont motorists might cost around $96 per month. However, if you have a clean record and a relatively good credit history, you could get insured by some of Vermont’s top insurance companies for less than $28/month*, as you can see in the chart below:
Based on the data above, it looks as though Allstate, Concord, and Nationwide are vying for lowest premiums in the state. But keep in mind there are other factors to consider, also. How good is their customer service record? Are they available 24/7 if you need to file a claim during non-business hours? How high will your monthly rate spike if you get a ticket? All of these questions can change what is and is not affordable based on your circumstances.
Those that offer auto insurance policies consider several elements while determining insurance quotes for you, like you driving experience, zip code, the type of vehicle you own, miles driven each year, and whether you use your vehicle for business or pleasure. Also you should remember to take into account that premiums differ from one company to another. To make sure you are still being charged the best cost, compare cheap Burlington auto insurance estimates on the internet.
Major Car Insurance Factors in Burlington
You may feel a little bit helpless when your car insurance provider is estimating your quote; after all, most of the factors they calculate aren’t things you can easily change or control. Fortunately, however, there are a few things which you might be able to alter for increased discounts, such as:
Your Zip Code
Auto insurance companies need to know where you live (or where you will be driving most often) in order to calculate the likelihood of an accident. It all boils down to a very simple concept: the more cars on the road, the more opportunities you have to hit or be hit by another vehicle. The populace of Burlington is 42,284 and the usual household earnings usually are $43,323.
If you live in a high-traffic area notorious for motor vehicle accidents, it is likely that your monthly premiums will reflect this danger in the form of a higher payment. You can see the fatal accident statistics for Burlington in the chart below. There was only one fatality recorded in 2013, which is very low compared to some areas. Your automotive insurance company will likely lower rates accordingly.
Auto Thefts in Burlington
Anti-theft devices are a great way to protect yourself from auto theft. They are relatively affordable, easy to have installed, and once equipped, require little effort on your part. And best of all, most insurance companies will give you a discount on your auto insurance just for having one! The total quantity of stolen motor vehicles fell to 32 back in 2009, and there hasn’t been much reported auto theft since. This might give you an opportunity to save by raising your Comprehensive coverage deductible (more on that later).
Your Credit Score
Your credit score plays a significant role in what you get charged monthly for your vehicle insurance. As this chart clearly demonstrates, having a poor credit score can almost double – or even triple – what you pay each month to remain insured.
Statistically speaking, young and inexperienced drivers are the most likely to get into an accident. That’s why older drivers get charged lower monthly rates – because the insurance company is not taking on a huge financial risk by insuring them. If you are a young teenage driver, try looking into good student discounts, as well as Drivers Ed and defensive driving courses.
Your Driving Record
The more tickets, citations, and violations you have on your driving record, the higher your monthly premiums will be. Furthermore, if you have some serious mistakes on your record, such as a DUI, your insurance company may refuse to cover you at all. As you can see from the chart above, this is definitely the case with Liberty Mutual.
As this chart shows, there is a significant difference between insuring a regular sedan and a fancy sports car. A good chunk of that price increase comes from the fact that a luxury automobile will require more than just basic insurance coverage.
Minor Car Insurance Factors in Burlington
These elements below may also change your monthly rate, but can be harder to change:
Your Marital Status
When it comes to discounts associated with your marital status, most companies have very different opinions on whether married or single people should pay more. But one advantage that married couples have is bundling discounts. If you bundle your insurance policy with that of your spouse, or your homeowner’s insurance, you can get some pretty substantial discounts.
Our analysis of the data shows no significant difference in monthly premiums between male and female drivers. Some companies might charge women more, while others might charge men a higher rate. But even for companies who charge different prices, it usually varies by no more than 2-3%.
Your Driving Distance to Work
For the majority of drivers, the time it takes to commute usually only lasts between 17 and 24 minutes, with some longer (and shorter) times also reported. Just under 60% of residents use an automobile in order to commute to work by themselves, while around 4-16% would rather carpool. An impressive 18% choose to walk to work.
Some companies pay lip service to your purpose for driving, as well as the miles you drive each year. However, when you analyze the data, most of these factors barely make a dent in your monthly premium – for example, there may be no more than a 4% difference between driving fewer miles for work and tens of thousands of miles for pleasure each year. However, business vehicles tend to have about 10-15% higher premiums than regular vehicles.
Your Coverage and Deductibles
Naturally, the more insurance coverage you purchase, the higher your monthly premiums will be. However, you can purchase the coverage you need and keep your monthly rate relatively low by raising your deductible. Yes, you will have higher out-of-pocket expenses in the event of a claim, but you will have lower monthly premiums as a result.
Education in Burlington, VT
More than a full quarter of the population (26%) has successfully been able to earn a bachelor’s degree for themselves, while an additional 23% have managed to complete their secondary level of education. And if you’re thinking about going back to school, know this – the higher the education you have, the higher your auto insurance savings will be!
Most notable of the higher education institutions within Burlington is the University of Vermont, which has been educating students since 1791 and offers every level of degree, from a bachelor’s to the post-graduate level. Also, you may want to look into Burlington College for a private education or St. Michael’s college if you are interested in the performing arts.
Auto insurance is one of the most critical purchases you may make as a buyer. You should be sure you come across an honest, accountable supplier which will follow through on their offers. A number of auto insurance companies will be much better at this as opposed to others, and conducting a diligent internet based search may help you differentiate the favorable from the unfavorable.
How We Conducted Our Car Insurance Analysis
*We calculated our average rate based on the following metrics: a married, 34 year old male with good credit, a 12-month history of maintaining auto insurance, a clean driving record, who owns his own home. Miles driven annually were based on the national average. The average rate was also calculated based on a financed 2015 Honda Accord with a pre-installed anti-theft device.