Vermont Car Insurance with Bad Credit

The Zebra
March 12, 2019

It can be tough to find cheap car insurance if you have bad credit. Car insurance companies use credit score as a major rating factor, assigning premiums based in part on clients' credit histories. Because auto insurance companies use historical data showing those with poor credit are more likely to file car insurance claims, they compensate for that added risk by charging more expensive rates.

Your car insurance costs with bad credit depends on which company you choose, where in Vermont you live, and an array of other rating factors. See below typical insurance prices for drivers with bad credit in major Vermont cities and rates from top insurance companies, plus a few tips on how to save on car insurance if you have bad credit in Vermont.


Auto insurance for drivers with bad credit in Vermont:

  1. Average premiums
  2. Rates by city
  3. Rates by carrier

Auto insurance rates with bad credit in Vermont

Drivers in Vermont face an average penalty of $934 each year for having a "worst"-tier credit score. A driver in the "poor" or "below fair to poor" credit tiers will also face more costly-than-average auto insurance rates.


VERMONT CAR INSURANCE PRICES WITH BAD CREDIT

Credit TierAverage Annual Rate in Vermont
Worst$1,962
Poor$1,792
Below Fair to Poor$1,649
Average — All Credit Tiers$1,027

Paying too much for auto insurance? Compare rates and save today!

Compare rates from top car insurance companies.


Car insurance rates with bad credit in Vermont cities

Your auto insurance prices will also vary based on the geographic area in which you live. Car insurance companies rely on your address to estimate your likelihood of filing a claim: the more claim-prone your area,, the more you'll pay.

Listed below are major Vermont cities and their average car insurance costs for drivers with low credit scores.


BAD CREDIT CAR INSURANCE RATES IN VERMONT CITIES

CityAverage Annual Rate — Worst CreditAverage Annual Rate — Poor CreditAverage Annual Rate — Below Fair to Poor Credit
Burlington$1,867$1,707$1,574
South Burlington$1,842$1,686$1,553
Rutland$1,898$1,736$1,599
Essex Junction$1,872$1,713$1,579
Bennington$1,946$1,778$1,635

Compare rates from top car insurance companies.


Best car insurance companies for bad credit in Vermont

Another factor contributing to your premium is the insurer you choose. Each and every auto insurance company prices its policies in a different manner, giving rating factors varying weights in their pricing calculations. Credit can be a significant pricing differentiator between insurance companies. In Vermont, the most affordable insurance company for a driver with bad credit is Nationwide, which offers average savings of $96 annually versus the next-cheapest company, Concord Group Insurance.

See prices from leading auto insurance companies in Vermont for drivers with bad credit.


VERMONT CAR INSURANCE PREMIUMS WITH BAD CREDIT — TOP CARRIERS

CompanyAverage Annual Rate — Worst Credit Tier
Nationwide$1,203
Concord Group Insurance$1,299
Co-Operative$1,373
GEICO$1,699
Allstate$1,929

If you're dealing with the difficulty of buying auto insurance with a bad credit history, remember these tips:

  1. See auto insurance quotes
  2. Be smart with your claims
  3. Know what determines auto insurance rates

Compare rates from top car insurance companies.