call us toll free:
(888) 704-2358
State Insurance Laws
Vermont Auto Insurance - (VT)
The state of Vermont issues laws regulating the ownership and operation of motor vehicles within the state. Like 47 other states Vermont requires what the laws refer to as Proof of financial responsibility, which in Vermont means it is compulsory for motor vehicle owners and operators to have automobile insurance. Unless they have the funds to put large amounts of money into a bond, this is up to $300,000.00 or more. So, for the average motor vehicle owner or operator in Vermont, this means auto insurance is a necessity.
State of Vermont Auto Insurance Minimum Coverage Requirements
Vermont is not what is called a No Fault auto insurance state and does not require Personal Injury Protection coverage, it does however require that underinsured and uninsured coverage be carried as a part of the insurance policies issued to automobile owners and operators. If you are in an automobile accident where you are not at fault, your insurance company may assume that the other driver's insurance company will end up paying for your bodily and property damages. However, if the other motorist is not insured, or has too little insurance then they will not be able to pay to cover these damages and your insurance company may have to. Uninsured/Underinsured policies are there to cover this circumstance and offset the cost to insurance companies that have to pay for accidents involving drivers without insurance or with too little insurance.
The following minimum financial responsibilities must be met by auto insurance coverage as well:
- Bodily injury liability: 25,000 for single individual injury / 50,0000 for additional individual injuries.
- Property damage liability: 10,000 to cover property damage
- Uninsured/Underinsured bodily damage liability: 50,000 for single underinsured individual injury / 100,000 for additional uninsured bodily injury.
Related Laws and Penalties
As stated above Vermont requires that motorists have automobile insurance to cover any financial liability resulting from accidents, for nearly all drivers this will mean an auto insurance policy. Vermont also requires vehicle operators be able to produce proof of insurance upon request. Vehicles owned and operated in Vermont, by Vermont residents must be legally registered with the state. If a vehicle owner does not have proof of auto insurance then their vehicle will not be registered and therefore not legal to operate in the state of Vermont. In addition, a lapse in automobile insurance may result in a vehicles registration being revoked by the state. Residents of Vermont who do not show proof of insurance may also be looking at a motor vehicle ticket with a fine up to $100.00. Typically, proof of auto insurance comes in the form of a small card or sticker that contains you policy number and information, however, in Vermont additional information may be requested and upon request must be mailed into the state. This may be the full paperwork on your policy, so file this when your insurance company sends it to you.
Department Of Vermont (VT) State Government That Regulates Auto Insurance:
Web Site: www.bishca.state.vt.us or Insurance Division
How To Contact Directly:
Vermont Div. of Insurance
89 Main St. Drawer 20
Montpelier, VT 05620-3101
Phone: 1-802-828-3301
Vermont (VT) Mandatory Auto Insurance Minimums
- Liability: 25/50/10 = Bodily Injury Individual/Bodily Injury Total Per Accident/Property Damage
- Other Mandatory Insurance: Uninsured Motorist, Underinsured Motorist
- Regulations Regarding Proof of auto insurance: Proof Required - If Involved In An Accident, If Stopped By Authorities When Driving
- Penalties For Not Carrying Mandatory Insurance: Fine up to $100 plus license suspension