By: Shravya Reddy October, 07, 2019
Drivers in Burlington, the capital of Vermont, pay an average rate of $877 per year in car insurance premiums. The U.S. Census Bureau reported the city to have a population of 42,899 with an average travel time to work of 18.5 minutes. With a long commute time, it is more likely that drivers in Burlington can end up in a wreck. Insurance companies tend to increase premiums based on risk factors including (but not limited to) road conditions, age, driving history, car make and model, and marital status. By comparing quotes and reviews, Burlington drivers can save up to $350. Using Vermont market share data gathered from the National Association of Insurance Commissioners (NAIC), Gavop lists the top five car insurance companies in Burlington.
Progressive- Accounting for 20.3% of the market share in Vermont, Progressive is the largest provider of car insurance in the state. In 2018, Progressive reported 39,937 in direct premiums written and 37,635 direct premiums earned. With the ease of the Live Chat option on their website, Progressive makes it easy for Burlington drivers to get an instant quote online.J.D. Power gave the company a score of 816/1000 in the 2019 auto insurance study. Although offering an impressive number of discounts on auto insurance, Progressive does tend to be slightly more expensive for teen drivers in Burlington. A.M. Best awarded them with an A+ in financial strength ratings (FSR).
GEICO- With 14.2% of the market share, Berkshire Hathaway Group's GEICO is the second largest insurer in Vermont. The company reported 26,572 in direct premiums written, and 26,658 direct premiums earned. The company also enjoys an A++ A.M. Best financial strength rating and a score of 836/1000 in the 2019 J.D. Power study in auto insurance.
Liberty Mutual- Impressing Burlington customers with a discount for every demographic (retired, married or graduated), Liberty Mutual has a market share of 9.1% in Vermont. The company has 17,077 in direct premiums written, and 16,769 direct premiums earned. In addition to the discounts mentioned above, Liberty Mutual offers Burlington drivers features such as better car replacement and lifetime repair guarantee. A.M. Best has given them a financial strength rating of A.
State Farm- State Farm has a solid market share of 8.7% in Vermont. The company reported 16,345 in direct premiums written and 16,498 direct premiums earned in 2018. With a score of 835/1000 in the J.D. Power auto insurance study, State Farm is especially recommended for owners of ride-sharing services and new cars in Burlington. State Farm's online faculty provides comprehensive information on everything auto-related apart from insurance. The company received A+ in the A.M. Best financial strength rating.
Auto-Owners- Operating exclusively through independent agents, Auto-Owners has a market share of 4.4% in Vermont. The company has written 8,357 direct premiums and 8,039 direct premiums earned in 2018. Well reputed for outstanding customer service and a diverse selection of discounts, Auto-Owners was rated A++ by A.M. Best for its financial strength. Further boosting its standing in the Burington car insurance market, J.D. Power gave the company a score of 882/1000 for auto claims satisfaction.
Shravya Reddy is a writer, public relations associate and content producer. She has worked in the corporate space on various mediums of print media as well as digital media. As a journalist, she has covered a range of topics including real estate, architecture, design, and technology. She has contributed to various online publications as a copywriter and copy editor. Shravya has done her BA in Journalism, Film & Media from Cardiff University. In her spare time, she enjoys traveling, exploring new cuisines and culture and wildlife.