Vermont Drivers, Compare Auto Insurance Quotes for Mandatory Coverage
It is important that drivers in the state know and carry at least the minimum amounts of mandatory coverage. Vermont requires drivers carry liability coverage in the amount of $25,000 bodily injury per person per accident; $50,000 bodily injury per accident in total; and $10,000 property damage liability per accident. Bear in mind that these are minimums only and losses from an accident could easily surpass these limits. More realistic levels of coverage, according to industry experts are $100,000 bodily injury per person per accident; $300,000 bodily injury per accident in total; and $100,000 property damage liability per accident.
Uninsured motorist coverage is also mandatory coverage. Despite the fact that the state has only 7.1% of drivers uninsured, ranking it amongst the 10 lowest states; Vermont is next door to the only state in the country that does not require drivers to carry liability coverage, New Hampshire.
The other form of coverage that is mandatory is underinsured motorist coverage. This protects drivers and their passengers if they are hurt in an accident with someone who carries insufficient liability coverage.
Vermont Drivers, Compare Auto Insurance Quotes for Suggested Coverage
In addition to these mandatory forms of coverage it is important to consider other types of coverage that are not required. Collision and comprehensive coverage make up physical damage coverage for your vehicle. While they are not mandatory according to the state, lenders make it mandatory for financed vehicles. If your vehicle is not financed, base your decision on the value of the car and the cost of the premiums.
Collision covers damage to your car if it is damaged in an at-fault accident. Comprehensive is for those unavoidable things like theft, vandalism and fire. Even though Vermont has the fewest incidences of motor vehicle thefts in the country, it is still prudent coverage to carry for vehicles with a significant value.
Personal injury protection is another form of coverage that is very wise to carry. It provides for medical coverage in case of bodily injury for you and your passengers, regardless of fault.
Other suggested coverage includes towing and labor cost and rental car coverage. If you need help when your vehicle won’t go, these are very useful to have. Just make sure you do not already pay for them with an auto club membership.
