Drivers should make sure that they can handle their financial responsibilities in the event of car accidents. Without making the right arrangements, they can end up facing huge bills on their own. What's more is that many states, including Vermont, require drivers to maintain valid auto insurance at all times. Even if a driver never gets into an accident, he can face consequences for driving without coverage. The Green Mountain State has specific guidelines in place regarding car insurance. Policies must meet certain minimum standards to keep drivers out of trouble.
Here's the thing: Buying a policy that barely meets the state's minimum requirements isn't often enough. Drivers are generally told to buy more extensive coverage to be as safe as possible. One way to see why high-quality car insurance matters so much is by considering driving statistics for the state of Vermont. It may be a small place geographically, but plenty of people share its roads. Accidents happen all over the place. They're likelier in densely populated areas, but they happen in rural areas as well. Upon studying driving statistics for Vermont, most people decide to get more extensive auto insurance coverage.
Who Drives in Vermont?
The estimated 2012 population of Vermont was 626,011. That's according to the U.S. Census Bureau. Although the state isn't heavily populated, it is still home to plenty of drivers. Driving statistics are maintained by the Federal Highway Administration, which reports that there were 521,666 drivers in the state of Vermont as of November 2012. Therefore, 83.3 percent of the population is legally able to drive, which is quite remarkable.
There are plenty of other driving statistics for the state of Vermont as well. As noted by the FHA, 259,466 drivers, or 49.74 percent of the total, were men. 262,200 drivers, or 50.26 percent of the total, were women. These numbers are interesting to ponder, but it should be noted that insurance companies don't take gender into consideration when calculating car insurance premiums. It wouldn't be fair because there is no proof that one gender or the other is safer behind the wheel.
The age of a driver is something that is always taken into consideration by car insurance providers. It is a good indicator of the amount of experience that a driver has. Older drivers are far more likely to have a lot of driving experience and tend to be safer. Younger drivers are considered to be riskier, so they are given more expensive premiums. In Vermont in November 2012, there were 10,203 drivers aged 19 and below, so they account for 2 percent of all drivers. The group that consists of drivers between the ages of 50 and 54, which totals 27,002, is the largest. It accounts for 5.2 percent of the total. There are moderately more older drivers on the road, but that doesn't mean drivers can or should go without insurance.
Auto Insurance Requirements in Vermont
The state of Vermont offers drivers a few different ways to show proof of financial responsibility, but liability insurance is far and away the most popular option. Drivers may also buy surety bonds for the same totals that are required for liability insurance policies, and it may also be possible to self-insure with a minimum of $115,000.
Still, liability insurance is the most popular option. Drivers must take care to get policies that meet the state of Vermont's minimum requirements. At the very least, a car insurance policy should include:
- At least $25,000 in bodily injury coverage for one person
- At least $50,000 in bodily injury coverage for two or more people
- At least $10,000 in property damage coverage
All insurance providers are required to report to the Commissioner of Motor Vehicles. Drivers who don't maintain valid coverage are issued civil traffic citations. They are penalized with points on their driving records and fines. They also have to file financial responsibility forms with the DMV for a few years.
It's simple to get affordable car insurance in Vermont. Drivers just need to collect auto insurance quotes and pinpoint policies that meet their needs.