Average car insurance cost in Rutland, VT

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According to data from Insure.com, the average annual cost of car insurance in Rutland, Vermont is $1,286. The auto insurance rates in Rutland is $33 less than the state average and $609 less than the national average.

Car insurance premiums vary significantly based on where they are filed. Factors such as city demographics, population density and average resident age, accident rates, theft, and vandalism rates will influence the amount of premiums you pay.

This article talks in detail about the most affordable car insurance companies in Rutland, the average car insurance rates by age and gender, and how much car insurance cost in Rutland depending on coverage limits. Whether you’re a new driver or an experienced one, this article will help you to find the most affordable car insurance in Rutland. Keep reading to learn more.

Cheap car insurance companies in Rutland

Progressive provides the best value for car insurance in Rutland with coverage limits of 100/300/100, costing $889 annually.

A close second is Nationwide, which offers car insurance at $977 per year.

Read about the best car insurance companies.

Average car insurance cost in Rutland by coverage limits

In Rutland, the average car insurance rates the coverage levels are as follows:

• State minimum coverage: $325 per year (limits are 25/50/25)
• Liability only coverage: $344 per year (limits are 50/100/50)
• Full coverage: $1,286 per year (limits are 100/300/100)
• Non-owners coverage: $316 per year

In most states, drivers are required to have state minimum coverage to drive legally, although these requirements vary by state. However, it’s important to note that state minimum coverage does not provide coverage for any vehicles listed on your policy in the event of an at-fault accident.

To prevent compromising on coverage and out-of-pocket expenses, it’s advisable to opt for full coverage or non-owner coverage if you frequently borrow or rent a car but do not own one.

Average car insurance rates by gender in Rutland

In Rutland, Vermont, the average annual car insurance premium for female drivers is $1,260 per year.

While the average annual cost for male drivers is $1,312 per year, which is $52 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 Rutland

In Rutland, teenagers have the highest car insurance rates, at $4,427 per year or $369 per month. This higher rate is attributed to the increased risk of road accidents among teenagers (aged 16 to 19) due to their limited experience on the road, according to the Insurance Information Institute.

However, there are driving laws for teens to improve their driving habits. Additionally, the cost of teen insurance can be reduced by adding them to a parent’s auto insurance policy. As teens mature and establish a positive driving history, their car insurance rates are likely to decrease.

Young adults, pay an average of $2,394 annually for car insurance, which is $2,033 less than what the teens pay for their insurance policy.

Meanwhile, adult, and senior drivers in Rutland have car insurance rates of $1,286 and $1,288 per year, respectively. The car insurance rates for adults and seniors are lower than those for teens and young adults. “This is because they are more likely to obey the speed limits and follow the rules of the road,” says the Insurance Information Institute.

Read more on auto insurance for seniors.

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

Car insurance rate trends in Rutland

Examining car insurance rate trends in Rutland, Vermont, we observe a upward trend from 2022 to 2023. Subsequently, from 2022 to 2023, the rates experienced increase overall, with an increase of 13% or $149.

The table below shows the trend for last four years:

Conclusion

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

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.