Personal experience has taught many drivers that auto insurance prices tend to rise every year. But auto insurance pricing is complex: the reasons for rate hikes or price breaks are myriad, and vary based on the driver's location.
One of the primary rating factors insurance companies use to set rates is location. The local area and state in which a car is stored and operated help determine car insurance rates — a phenomenon that comes down to state statutes and the risks associated with insuring cars in varying areas.
Due to the multi-faceted nature of car insurance pricing, year-over-year rate trends vary widely by state. Auto insurance prices might be rising year-over-year in a given state while they drop in the next state over.
See below auto insurance rate trends in Vermont. If you're paying too much, consider shopping around to find a better rate. The Zebra's car insurance comparison tool provides quotes based on your individual profile — enter your ZIP below to get started.
Auto insurance price trends in Vermont
In Vermont, average annual auto insurance premiums increased by $65 from 2017 to 2018. The typical driver in Vermont pays an average of $1,075 per year.
The year-over-year trend in Vermont leans toward lower car insurance rates. Between 2015 and 2018, rates went down by $1 each year. At the same time, auto insurance rates across the nation as a whole have risen in recent years, climbing from $1,280 in 2015 to $1,470 in 2018.
YEARLY CAR INSURANCE RATE TRENDS IN VERMONT
|Year||Avg. Annual Premium — Vermont||Yearly Change — Vermont||Avg. Annual Premium — USA||Yearly Change — USA|
If your policy pricing trend doesn't align with the above, the best step to take is to shop around.
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How are car insurance rates changing in major cities in Vermont?
Auto insurance policies are priced at a granular geographic level with myriad variables influencing premiums in the area. That means drivers could see major differences in their insurance rates, based solely on their city or ZIP code. For example, drivers in Burlington faced a bigger year-over-year rate increase (2.9%) than their intrastate neighbors in Montpelier (2.9%) between 2018 and 2017.
See below annual rates of change in major Vermont cities. If your city is expensive — and moving isn't a feasible option — you can always get quotes and try to find a more reasonable rate.
|City||Avg. Premium Increase — 2018 vs. 2017|
|White River Junction||2.5%|