Who Has the Cheapest Auto Insurance for College Students in Vermont?

Who Has the Cheapest Auto Insurance for College Students in Vermont?

Figuring out which companies offer the most affordable car insurance rates for college students will require a little more work in order to find the most economical policy.

Every auto insurer has a unique formula to set policy rates, so let’s take a look at the car insurance companies with the overall best prices in Vermont.

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Cheapest insurance companies in Vermont
Rank Company Cost Per Year
1 Safeco $467
2 California Casualty $499
3 The Hartford $627
4 USAA $638
5 Travelers $708
6 Unitrin $717
7 Co-Operative Insurance $767
8 Concord $857
9 GEICO $910
10 MMG Insurance $1,032
11 MetLife $1,084
12 National Grange Mutual $1,168
13 Progressive $1,235
14 Nationwide $1,248
15 State Farm $1,276
16 Liberty Mutual $1,380
17 Vermont Mutual $1,502
18 Allstate $1,568
19 Sentry $1,902
20 Union Mutual $1,997
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Safeco may have some of the best car insurance rates in Vermont at around $467 annually. California Casualty, The Hartford, USAA, and Travelers also are some of the lowest-priced Vermont auto insurance companies.

As illustrated above, if you buy coverage from California Casualty and switched to Safeco, you could see yearly savings of about $32. Customers with The Hartford could save as much as $160 a year, and USAA policyholders might lower prices by $171 a year.

To find the cheapest car insurance for college students in Vermont for your vehicle, click here to get quotes or visit any of the low-priced companies below.

These policy rates are averaged across all types of insureds and vehicles and do not take into consideration a rate surcharge for college students. So the insurer that can offer you the lowest price may not even be shown in the rate chart shown above. That helps illustrate why you need to quote rates from many companies using your own specific driver and vehicle information.

The make and model of vehicle you are seeking coverage for is a large factor when trying to find the cheapest car insurance for college students in Vermont. Vehicles with higher performance, poor crash test ratings, or a history of substantial liability claims will cost more to insure than more modest models. The next list showcases insurance costs for a number of the more afforable automobiles to buy coverage for.

Cheapest Auto Insurance Rates for College Students in Vermont
Make and Model Estimated Cost for Full Coverage
Honda CR-V LX 2WD $963
Ford Escape XLS 4WD $972
Honda Accord EX 4-Dr Sedan $963
Volkswagen Jetta S 2.5 Station Wagon $1,049
Honda Odyssey LX $1,057
Chevrolet Traverse LT AWD $1,067
Toyota Prius $1,072
Dodge Grand Caravan CV $1,072
Ford F-150 FX2 Super Cab 2WD $1,082
Kia Forte LX 4-Dr Sedan $1,072
Toyota Sienna CE $1,128
Toyota Tacoma 2WD $1,133
Ford Focus SE 4-Dr Sedan $1,128
Chevrolet Equinox LS 2WD $1,143
Hyundai Tucson Limited 4WD $1,151
Toyota RAV4 Limited 2WD $1,143
GMC Sierra SLE Crew Cab 2WD $1,153
Subaru Forester XT Limited Edition W/Navigation AWD $1,155
Chevrolet Malibu LT $1,160
Toyota Highlander 4WD $1,167
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Price data assumes single female driver age 20, no speeding tickets, no at-fault accidents, $500 deductibles, and Vermont minimum liability limits. Discounts applied include claim-free, and safe-driver. Premium costs do not factor in Vermont location which can decrease or increase premium rates greatly.

Based upon the rates shown, you can infer that vehicles like the Honda CR-V, Ford Escape, Honda Accord, Volkswagen Jetta, and Honda Odyssey are most likely to be the most budget-friendly vehicles to insure for students in college. The price for car insurance will trend higher because of the fact that there is more inherent risk for college students, but overall those makes and models will tend to have the best insurance prices compared to other types of vehicles.

When buying car insurance for students in college, one of the key criteria that is looked at to determine the amount you pay each year for auto insurance is where you keep your car. Regions with more people or even just more weather-related claims like Saint Johnsbury, Brattleboro, and Northfield tend to pay more, whereas areas with less congestion benefit from lower rates.

The table below illustrates the highest-priced areas in Vermont for college students to buy an auto insurance policy in.

Most expensive Vermont cities for auto insurance
Rank City Premium Per Year
1 Saint Johnsbury $1,039
2 West Brattleboro $1,035
3 Brattleboro $1,033
4 Newport $1,031
5 Northfield $1,017
6 White River Junction $1,016
7 Swanton $1,010
8 Saint Albans $1,006
9 Vergennes $1,006
10 Manchester Center $1,004
11 Fair Haven $1,002
12 Bellows Falls $1,001
13 Middlebury $1,000
14 Montpelier $988
15 Springfield $988
16 Bristol $985
17 Bennington $981
18 South Burlington $969
19 Barre $966
20 West Rutland $962
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Information shown are estimated as specific Vermont zip code can impact price quotes significantly.

Rate difference between full and liability-only coverage

Finding the cheapest car insurance for college students in Vermont should be important to most drivers, and one of the easiest ways to pay less for insurance is to not buy comprehensive and collision coverage. The chart below shows the comparison of auto insurance costs with full physical damage coverage compared to only buying liability only. Data assumes no claims or violations, $100 deductibles, single status, and no discounts are applied.

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Averaged out for all age groups, physical damage coverage on your policy costs $1,833 per year more than carrying just liability coverage. That is a significant amount which raises the question when is it a good idea to stop buying full coverage. There is no clear-cut formula to exclude full coverage on your policy, but there is a guideline you can consider. If the yearly cost of full coverage is more than 10% of the replacement cost minus the deductible, then you might want to think about dropping full coverage.

For example, let’s pretend your vehicle’s replacement value is $11,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most your company will settle for is $10,000 after paying your deductible. If it’s costing in excess of $1,000 a year to have full coverage, then it’s probably a good time to buy liability coverage only.

How to get the cheapest car insurance for college students in Vermont

The list below details some of the recommended penny-pinching suggestions that can help Vermont drivers buy cheaper coverage.

  • Do not get traffic violations
  • At-fault accidents will increase rates
  • Drive safe vehicles
  • Higher credit scores may earn you cheaper rates
  • Try to remain claim-free
  • Compare rates once a year for cheaper prices

The last idea is especially critical, as we noted in the prior information. Insurance prices can change considerably based on profitability, so drivers shouldn’t be reluctant to change insurance companies if you find a better deal.

Sticking with a specific company is fine, but it isn’t a good idea if that loyalty results in overpaying hundreds of dollars year after year. In just a few minutes you could compare rates and find cheaper auto insurance for college students.