Vermont Auto Insurance
The state of Vermont follows the tort law which applies to all Vermont auto insurance companies. According to this law, someone must be at fault for an accident, and the persons at fault and their insurance companies must bear the losses.
Looking at the stats
In the recent past, Vermont residents have been paying $687, as of 2006, which is 1.8% lesser than the previous year. This figure is much below the national average of $817. If you live in Vermont your average annual premium would work out to about $1,274, which is again much lower than the national average of $1,766. Although rates have increased as compared to 2008, the year 2009 has seen a monthly decrease in rates.
What else can we say; this is the best time to buy insurance in Vermont. Although, every insurer is in the business for profit, we believe that when it comes to auto insurance, it must be win-win situation.
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Basic auto insurance coverage in Vermont
If you have registered a car in Vermont, the state law requires you to carry minimum liability coverage of 25/50/10. This translates into $50,000 for bodily injury per person, $50,000 for bodily injury per accident and $10,000 for property damage per accident for every vehicle. Additionally, you are required to have Uninsured/Underinsured Motorist bodily injury coverage of $50,000 per person and up to $100,000 per accident. That's not all; there is also Uninsured Motorist property damage coverage of $10,000. If you are worried about whether you are legally covered or are wondering how to lower your Vermont auto insurance costs on new or existing policies, help is at hand. You can now get the best rates in Vermont and also compare rates for your existing policies.
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