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Vermont Car Insurance for Bad Credit Drivers
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Edited by John Leach | Reviewed by Licensed Insurance Agent, Amber Benka
Updated March 9, 2022
Cheapest Companies for Drivers With Bad Credit in Vermont (2022)
For drivers with bad credit in Vermont, it's important that you evaluate all of your potential insurance options to ensure you are finding the best rate. Comparing the right insurance companies will allow you to get the best possible insurance rate for drivers with bad credit.
To simplify comparing companies, Insurify has analyzed rates from top insurance providers in Vermont. The following are the best insurance rates from carriers that offer car insurance for drivers with bad credit in Vermont.
| Carrier | Avg. Monthly Cost The car insurance quotes, statistics, and data visualizations on this page are derived from Insurify’s proprietary database of over 4 million car insurance applications from ZIP codes across the United States. Insurify’s data science team performs a comprehensive analysis of the various factors car insurance providers take into account while setting rates to provide readers insight into how car insurance quotes are priced. |
|---|---|
| Liberty Mutual | $134 |
| Dairyland Insurance | $138 |
| Travelers | $147 |
| American Family Insurance | $149 |
Bad Credit Car Insurance in Vermont
Farms and artisan foods all play a part in this idyllic New England State. But if the picture your credit score paints of you isn't so pretty, know it can be better when it comes to getting good car insurance premiums.
Though insurance companies base ratings on many things you can't change (like your age), you can control your credit behavior. Did you know that 40 percent of a FICO credit score has to do with just paying your bills on time? If you are concerned that your insurance scores won't budge, they can if you're motivated to move them!
Vermont Car Insurance Rates for Bad Credit Drivers
Excellent$133
Good$148
Average$150
Poor$162
Insurify's comparison tool will help you make sure you're getting the best possible quote even with a bad credit rating. You can have peace of mind you're not paying any more than need to, and customers save $48 per month on average.
How Much Does Bad Credit Impact Car Insurance Rates in Vermont?
Every action you do (or don't) take has an impact on something else. This holds true with auto insurance costs as well. Drivers in Vermont whose actions have ended in bad credit are saddled with premiums that are nearly 13 percent higher than the rates good credit drivers receive.
Though it's important to be on top of your credit, insurance agencies have an important role to play as well. Under the Fair Credit Reporting Act, they have to tell you if your rate is increased or canceled or if you are denied coverage because of your credit.
Avg. Monthly Cost - for Drivers with Good Credit$132
Avg. Monthly Cost - for Drivers with Bad Credit$149
$17 ▴
12.88% ▴
Monthly Impact of Bad Credit on Rates
Percent Bad Credit Impact Rates
Can I Get Car Insurance With No Credit Check in Vermont?
In California, Massachusetts, and Hawaii, using credit scores to influence car insurance premiums is illegal. In Vermont and the other states, however, the practice is legitimate.
Finding an insurer who'll write you an insurance policy without first running a credit check in Vermont is next to impossible. Why? Car insurance companies use select information from credit reports to determine how likely it is that you'll make a claim. This information is invaluable to them.
Vermont Car Insurance Rates by Credit Tier
Because there are credit tiers associated with different credit rating agencies, even the smallest improvements that Green Mountain Staters make can be recognized. Each tier you climb in Vermont shaves a little more money off of your monthly premium. Vermont drivers with poor credit scores on average pay $29 more per month than drivers with excellent credit scores.
| Credit Tier | Avg. Monthly Cost The car insurance quotes, statistics, and data visualizations on this page are derived from Insurify’s proprietary database of over 4 million car insurance applications from ZIP codes across the United States. Insurify’s data science team performs a comprehensive analysis of the various factors car insurance providers take into account while setting rates to provide readers insight into how car insurance quotes are priced. |
|---|---|
| Excellent | $133 |
| Good | $148 |
| Average | $150 |
| Poor | $162 |
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Car Insurance Rates With Bad Credit in Vermont Cities
Tips for Researching Bad Credit Vermont Car Insurance Rates
Insurance prices and policies can vary significantly between companies, and a state like Vermont draws a wide variety of choices when factoring insurance rates for drivers with bad credit.
Insurify's rate comparison tool will help you make sure you're getting the best possible quote based on your needs and location. You can have peace of mind you're not paying any more than you need to, and customers save $585 per year on average.
Compare Top Auto Insurance Companies
Use Insurify for all of your car insurance comparison needs! Compare and connect directly with the top insurance companies to find the best rates as well as the most personalized discounts and coverage options. Insurify’s network includes over 200 insurance companies throughout the U.S. who can work with you to get you the right auto insurance policy at the cheapest price. See All Auto Insurance Companies
FAQs - Vermont Car Insurance
There are many different factors that go into the how expensive your car insurance is. That said, some of the reasons why you could be paying so much for your insurance include: living in a state with high minimum insurance requirements, being a young or new driver, committing past traffic offenses like at-fault accidents or DUIs, and having a low credit score.
Auto insurance costs will vary between locations and insurance carriers, depending on the county Vermont. Insurify analyzed the latest data for the five most populous cities in Vermont to find you the cheapest quotes in each of these metropolitan areas.
The way to find the carrier with the best auto insurance ratings in Vermont and save on your insurance premiums is to compare quotes from all companies in your area. Use a car insurance quotes comparison site like Insurify to compare up to 10+ real quotes for your specific driver profile and unlock savings and discounts. Rates can fluctuate greatly based on whether you're a safe driver or a high risk one, but you should never overpay. Insurify provides the cheapest car insurance quotes and companies in your area in just a few seconds.
During the past three years in the United States, national premium costs have risen an average of 4.5 percent annually. In states where quotes have risen, this figure has been 7.8 percent; and in those where rates have fallen, prices have decreased by approximately 6.0 percent. Individual rates by state will of course vary depending on the driver’s history and a multitude of factors.
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Data scientists at Insurify analyzed over 40 million auto insurance rates across the United States to compile the car insurance quotes, statistics, and data visualizations displayed on this page. The car insurance data includes coverage analysis and details on drivers' vehicles, driving records, and demographic information. With these insights, Insurify is able to offer drivers insight into how their car insurance premiums are priced by companies.
Insurance Writer
Jeannette Wisniewski is a technology writer whose passion is encouraging people to engage with technology by making it more understandable and more interesting. Though she enjoys writing business copy for a wide range of subjects, she is most inspired by emerging tech and its applications. She is a graduate of San Jose State University, a Georgia Peach at heart, and happy to call Boise, ID home.
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