Automobile Insurance Coverage in Vermont

A motorist in Vermont without auto insurance could lose their driver’s license if caught behind-the-wheel. All registered vehicles in the Green Mountain State must be insured with a minimum amount of liability coverage to pay for damages that the vehicle operator may be responsible for. Uninsured/underinsured motorist (UM/UIM) protection is also mandatory for residents who want to drive, but there are variety of options for motorists who are looking for policies with more extensive coverage. Paying for a comprehensive plan can be a challenge for many motorists, but thoroughly shopping around for the lowest available rates can make policy payments more manageable for many vehicle owners.

The amount of Vermont automobile insurance that is required of all motorists in VT includes liability coverage and UM/UIM protection. Auto liability is divided into bodily injury and property damage with minimum limits of 25/50/10. This minimum threshold, however, may not be high enough to cover more severe accidents. For example, if a resident is at-fault for a collision that results in more than $10,000 worth of property damage, they may still be required to pay for the remaining damage. Purchasing higher limits can be a cost effective way for drivers to improve their level of protection. Including optional coverages can increase the price of a policy, but comparing estimates may help make those costs more manageable.

Added Coverage for Vermont Auto Insurance

Based on 2006 Crash Highlights in the Green Mountain State, there were over 14,000 reported crashes, and in those accidents liability protection was not always able to cover the resulting damages. A motorist may encounter a wide variety expenses after an accident that may only be covered by an insurer if the policyholder has purchased additional protection. For example, damage to a motorist’s own vehicle may only be covered by comprehensive and collision coverage. This added protection is frequently required by lenders, and covers damages as the result of a collision (collision) and an assortment of additional damages (comprehensive). This generally includes fire, falling objects, flooding, vandalism, theft and hail. With additional protection, however, also comes a higher price.

Improving upon the automobile coverage that is required in the Green Mountain State can be costly unless drivers shop around for the lowest rates. Comparing prices from multiple insurers often takes time, but using the Internet can usually quicken a motorist‘s search. The prices offered by individual companies are likely to be unique and varied for a number of reasons. When making quote comparisons it is important to evaluate plans that include the same level of coverage in order to get an accurate assessment. The goal of every motorist should be to find the most extensive protection available for the lowest rates, and the Internet can be a helpful tool for almost every VT motorist.