Vermont Listed Among Most Affordable States for Auto Insurance
Insure.com recently released its national survey of car insurance rates; a survey that had good news for Vermont drivers. According to the survey results, Vermont has the second-lowest average auto insurance rates in the country. Only Maine can claim lower average rates.
"Vermonters enjoy some of the nation's lowest auto insurance costs for a number of reasons. First and foremost, we have a regulatory framework that welcomes and encourages insurers to compete with each other, and that competitive market results in lower premiums for Vermont drivers," said Paulette Thabault, Vermont's Commissioner of Banking, Insurance, Securities and Health Care Administration. "We also have one of the nation's lowest percentages of uninsured drivers, which allows companies to more accurately determine premiums. Lastly, Vermonters benefit from the fact that this is a small state with a fairly rural population, so we don't experience the kind of traffic density seen in larger urban areas."
Additional information about the 2010 survey and a complete ranking of all 50 states can be found on Insure.com’s website (http://www.insure.com/car-insurance/most-and-least-expensive-states-2010.html).