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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.

Graph
Table
City average ratesState average ratesNational average cost
$1,240$1,319$1,895

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.

Key Takeaways

  • The annual cost of car insurance in Essex Junction, Vermont is $1,240.
  • Nationwide provides the most affordable car insurance in Essex Junction at $909 annually.
  • Young adults in Essex Junction can expect to pay approximately $2,306 annually for car insurance.

Cheap car insurance companies in Essex Junction

At an average of $909 per year with full coverage limits of 100/300/100, Nationwide provides the most affordable car insurance in Essex Junction.

Ranked as the second most affordable company in Essex Junction, Auto-Owners provides car insurance at $947 per year.

As previously noted, car insurance rates differ among companies due to variations in the factors used for calculating the rates. So, it is best to compare quotes from several insurers to secure affordable car insurance rates in Essex Junction that align with your needs before selecting a policy.

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

Affordable car insurance providers in Essex Junction

Graph
Table
Company NameAverage annual costAverage monthly cost
Nationwide$909$76
Auto Owners$947$79
Progressive$996$83
State Farm$1,004$84
Geico$1,227$102
Vermont Mutual$1,232$103
Co-operative Insurance Companies$1,487$124
Allstate$1,853$154
Farmers$2,043$170
USAA$703$59

Read about the best car insurance companies.

Average car insurance cost in Essex Junction by coverage limits

In Essex Junction, the average car insurance rates based on coverage types are as follows:

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

In most states, drivers must have the state minimum coverage to drive legally, but these vary by state. However, state minimum coverage does not cover any vehicles listed on your policy in an at-fault accident.

To avoid compromising on the coverage and pay out-of-pocket expenses, it is better to have full coverage or non-owner coverage if you don’t own a car but borrow or rent one frequently.

Average car insurance rates by gender in Essex Junction

In Essex Junction, Vermont, the average annual car insurance premium for female drivers is $1,215 per year.

While the average annual cost for male drivers is $1,265 per year, which is $50 more than what female drivers pay, according to a rate analysis by Insure.com.

According to the Insurance Information Institute, statistics demonstrate that women are generally regarded as safer drivers than men. They often pay less for auto insurance because of their lower rate of severe accidents than 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 rates by age groups in Essex Junction

Graph
Table
Teens (16- to 19-year-olds)Young adults (20- to 24-year-olds)Adults (25- to 55-year-olds)Seniors (60- to 75-year-olds)
$4,256$2,306$1,241$1,251

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

The table below shows the trend for last four years:

How car insurance rates are changing in Essex Junction

Graph
Table
2016 rates2019 rates2022 rates2023 rates
$953$1,312$1,107$1,240

Conclusion

In conclusion, the insurance rates in Essex Junction, are lower than the average insurance cost in Vermont. Shopping around and taking advantage of available discounts, drivers in Essex Junction can find affordable car insurance options. Many car insurance companies offer discounts for customers who purchase multiple policies through the same company.

Sources

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.

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Prachi Singh
Contributing Researcher

 
  

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.

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