Auto Insurance Rate Vermont

Reader’s Question:

When applying for car insurance in VT, do homeowners typically get lower auto insurance rates than those who are renting?

Larry

Rutland, VT

 

It can differ from one insurance provider to another whether being a home owner can provide you a lower rate quote or not.

Insurance providers rating systems and underwriting rules in Vermont vary so some may factor in if you are a homeowner while others may not.

There are many insurance carriers that will give you a discount if you have both your car insurance and homeowners policies both through them. This is usually called as multi-line discount.

So while it differs by insurance provider and their filed rates, generally those owning a home do receive lower rate quotes. Some carriers that offer homeowners or renters coverage may ask this question just to check if they can qualify you for a multi-policy discount.