Average car insurance cost in Essex Junction, VT

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Based on an analysis by Insure.com, the typical car insurance expense in Essex Junction, Vermont is $1,240 annually. Furthermore, car insurance premiums in Essex Junction are $79 less than compared to the state average in Vermont and $655 less than the national average.

Car insurance premiums differ widely depending on the location, city demographics, population density, average resident age, accident rates, and theft and vandalism.

This article looks at the most affordable car insurance companies in Essex Junction, the average car insurance rates by age and gender, and the costs in Essex Junction based on coverage limits.

Whether you’re a new or experienced driver, this article will guide you in finding the most affordable car insurance in Essex Junction. Keep reading to learn more.

Cheap car insurance companies in Essex Junction

Nationwide offers the cheapest car insurance in Essex Junction, at an average of $909 per year with full coverage limits of 100/300/100.

The second cheapest company in Essex Junction is Auto-Owners, offering car insurance rates at $947 per year.

As mentioned earlier, car insurance rates vary from one company to another because the factors used to calculate rates vary by insurer. Therefore, comparing quotes from multiple insurers is recommended to find cheap car insurance rates in Essex Junction before deciding on the policy that matches your requirements.

The table below lists the average annual and monthly costs for the various car insurance companies providing coverage in Essex Junction, Vermont:

Read about the best car insurance companies.

Average car insurance cost in Essex Junction by coverage limits

The average car insurance rates in Essex Junction by coverage type are as follows:

• State minimum coverage: $333 per year (limits of 25/50/25)
• Liability-only coverage: $354 per year (limits of 50/100/50)
• Full coverage: $1,240 per year (limits of 100/300/100)
• Non-owners coverage: $316 per year

In many states, drivers are legally required to maintain state minimum coverage. However, these requirements vary by state. However, the state minimum coverage does not protect vehicles listed on your policy in an at-fault accident.

It’s advisable to choose full coverage to avoid the risk of inadequate coverage and out-of-pocket expenses. You can also choose non-owners coverage if you often borrow or rent vehicles and don’t own one yourself.

Average car insurance rates by gender in Essex Junction

The average car insurance per year for female drivers in Essex Junction, Vermont, is $1,215.

Whereas the yearly average car insurance rate for male drivers is $1,265, which is $50 more than what female drivers pay.

According to the Insurance Information Institute, women are considered to be safer drivers than men, and statistics have proved this. They often enjoy lower auto insurance premiums due to their lower incidence of severe accidents compared to men.

Read more on how gender affects car insurance rates.

Average car insurance rates by age in Essex Junction

In Essex Junction, car insurance rates are highest for teens, averaging $4,256 per year or $355 per month. According to the Insurance Information Institute, these higher rates for 16- to 19-year-olds are due to their increased likelihood of road accidents due to their lack of driving experience.

Specific teen driving laws have been implemented to help them become better drivers. Additionally, parents can lower teen insurance rates by adding them to their existing auto insurance policy.

As teens grow older and build a positive driving history, their car insurance rates decrease. Young adults usually pay $2,306 annually for their car insurance, which is $1,950 less than what teens pay for their coverage.

In Essex Junction, adult drivers pay an average of $1,241 per year for car insurance, while senior drivers pay $1,251 annually.

According to the Insurance Information Institute, rates for adults and seniors are significantly lower than for teens and young adults, as they are more likely to obey speed limits and follow road rules.

Read more on auto insurance for seniors.

The table below lists the average annual rates for drivers of different age groups:

Car insurance rate trends in Essex Junction

Examining the trends in car insurance rates in Essex Junction, Vermont it was on an upward swing from 2022 to 2023. From 2022 to 2023 rates increase overall by 12%, or $133.

The table below shows the trend for last four years:

Conclusion

Car insurance rates in Essex Junction are lower than the average rates in Vermont. Drivers in Essex Junction can secure affordable car insurance by shopping around and utilizing available discounts. Additionally, many insurance companies offer bundling discounts for customers who purchase multiple policies from the same provider.

Sources

• Insurance Information Institute. “What determines the price of my auto insurance policy,” Accessed September 2024.
• Insurance Information Institute. “Auto insurance for teen drivers,” Accessed September 2024.
• Insurance Information Institute. “Senior driving safety and tips,” Accessed September 2024.

Methodology

Insure.com team worked with Quadrant Information Service to get car insurance data. To determine the average premiums, our team of data analysts and expert editors have analyzed 53,409,632 insurance quotes from 170 insurance companies across 34,588 ZIP codes.

The insurance rates are based on a sample profile of a 40-year-old male and female driver with a clean driving record and a good insurance score. Quotes premiums are for a full coverage policy with limits:

• $100,000 bodily injury per person
• $300,000 bodily injury per accident
• $100,000 property damage per accident
• $500 comprehensive and collision deductible

The quoted insurance rates are for comparison purposes, and your individual rates may vary.

Prachi Singh

Contributing Researcher

 

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Prachi is an insurance writer with a master’s degree in business administration. Through her writing, she hopes to help readers make smart and informed decisions about their finances. She loves to travel and write poetry.