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Best homeowners insurance companies in Vermont for 2024
Powered by Coverage.com (NPN: 19966249)
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
Compare the best homeowners insurance companies in Vermont
It may be difficult to know which home insurance company could provide the best coverage for your home. Our top choices — USAA, Allstate, State Farm, Travelers and Vermont Mutual — provide a strong combination of coverage types, discounts and low average premiums for Vermonters. We also looked at third-party rankings from J.D. Power for customer satisfaction and AM Best for financial strength. Most of our chosen companies came in with average rates that are below the Vermont annual average of $806 for $300K in dwelling coverage. Our sample average rates were pulled from data supplied by Quadrant Information Services. The table below includes our picks for the best Vermont homeowners insurance companies.
| Insurance company | J.D. Power | Average monthly premium | Average annual premium | |
|---|---|---|---|---|
|
881
/1,000 |
$57
|
$687
|
||
|
809
/1,000 |
$65
|
$777
|
||
|
829
/1,000 |
$79
|
$952
|
||
|
790
/1,000 |
N/A
|
N/A
|
||
|
Not rated |
$37
|
$444
|
Powered by Coverage.com (NPN: 19966249)
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
Bankrate's trusted insurance industry expertise
Read our full methodologyThe home insurance market can be complicated, but Bankrate's insurance editorial team used our unique perspective to bring readers information they need to make educated decisions when shopping for home insurance.
46
years of industry expertise
122
carriers reviewed
34.5K
ZIP codes examined
1.2M
quotes analyzed
The top 5 home insurance companies in Vermont
Best for military-focused coverage options
4.7
4.7
Avg. premium for $300K dwelling
$57/mo
Avg. premium for $300K dwelling
$687/yr
Customer satisfaction
881/1,000
-
Why USAA made our list: USAA consistently scores highly with J.D. Power for customer satisfaction, but it is technically ineligible for ranking as it only writes policies for active-duty and retired military members and their immediate family. The carrier offers Vermont homeowners a good range of coverage options, with military-focused coverage, like uniform insurance, included in standard policies. USAA offers a few discounts, including bundling and claims-free discounts, but local agents are limited. For the third year in a row, USAA tied for the Bankrate Award for best home insurance company overall for its high customer satisfaction scores and wealth of coverage options.
Who USAA may be good for: For Vermont residents who are active-duty members of the military, veterans or their immediate family, USAA may be worth considering.
Best for digital tools
4.2
4.2
Avg. premium for $300K dwelling
$65/mo
Avg. premium for $300K dwelling
$777/yr
Customer satisfaction
809/1,000
-
Why Allstate made our list: Allstate offers competitive average rates in Vermont, and homeowners may be able to choose from a wide variety of add-on coverage types. Endorsements include sports equipment coverage, electronic data recovery and even homesharing coverage for policyholders who rent their home out through Airbnb or a similar program. Homeowners may save on their rate with discounts for remaining claims-free and installing protective devices. Allstate did come in below average in the J.D. Power study, so potential customers may want to speak with existing policyholders about their experience.
Who Allstate may be good for: Homeowners who value digital policy management may appreciate Allstate's robust tools. Homeowners who rent their home out via Airbnb may also be interested in the carrier's homesharing coverage option.
Best for local agents
4.2
4.2
Avg. premium for $300K dwelling
$211/mo
Avg. premium for $300K dwelling
$2,532/yr
Customer satisfaction
829/1,000
-
Why State Farm made our list: As the largest insurer in the nation, State Farm is a well-known insurance company with local offices in 18 Vermont cities. The carrier's local agents may contribute to its high customer satisfaction score from J.D. Power. Although State Farm's average rates are more expensive than many other carriers on this list, homeowners may save on their premiums with a long list of discounts. Potential savings are available for bundling your policy and having a weather-resistant roof, among others.
Who State Farm may be good for: Homeowners who appreciate doing their insurance business with a local agent with whom they can build a personal relationship may appreciate State Farm.
Best for policy customization
4.1
4.1
Avg. premium for $300K dwelling
Not available
Avg. premium for $300K dwelling
Not available
Customer satisfaction
790/1,000
-
Why Travelers made our list: Travelers offers robust policy options that allow homeowners to customize their policies to meet their own needs. Potential endorsements include green home coverage, water backup and additional replacement cost coverage. There are a handful of ways you may save on your policy, including a bundling discount and one for protective devices such as smoke detectors. Travelers is one of the few insurers that offer both an endorsement and a discount to those who have a home that is certified green by the Leadership Energy and Environmental Design (LEED) organization. The carrier did score far below the J.D. Power segment average for customer service, which may be something to consider for homeowners who value service.
Who Travelers may be good for: Travelers may be a good choice for you if you like to tweak the details of your policy to meet your own particular needs, especially if you own a LEED-certified home.
Best for Vermont-specific coverage options
Avg. premium for $300K dwelling
$37/mo
Avg. premium for $300K dwelling
$444/yr
Customer satisfaction
Not rated
-
Why Vermont Mutual made our list: Vermont Mutual is a regional insurance company headquartered in Montpelier that has been in business for nearly 200 years. As a smaller company, Vermont Mutual may not have as many endorsement options or digital tools as larger competitors, but it does advertise debris removal and identity fraud coverage add-ons. The Vermont-based carrier may have unique, boots-on-the-ground knowledge about the insurance needs of Vermont residents, and its average rates are highly competitive.
Who Vermont Mutual may be good for: Homeowners looking for a local insurance company with knowledge of the Vermont home insurance landscape may choose Vermont Mutual as their company of choice.
Additional Vermont home insurance companies to consider
Who this may be best for
Homeowners who want pre-packaged coverage options
The Farmers home insurance Smart Plan is available in three different tiers — Standard, Enhanced and Premier — and may be a good option for Vermont homeowners who want a more streamlined insurance shopping experience. Instead of hand-selecting which endorsements you want added to your policy, We do not have average Farmers insurance rates for Vermont, but nationally, Farmers home insurance rates are above average. This could be the case for Vermont homeowners as well.
Who this may be best for
Homeowners with multiple insurance needs
Homeowners who prefer to house multiple insurance lines (think car, home, commercial, life and small business) with one company may be interested in getting a quote from Liberty Mutual. Liberty Mutual also offers its customers multiple policy management options, including digital self-service and in-person agents. However, average rates from Liberty Mutual are not available, and it tends to score lower in J.D. Power customer satisfaction surveys.
How Bankrate chose the best home insurance companies in Vermont
At Bankrate, we understand that finding the best home insurance company is often about more than just price. In addition to average rates, we looked at coverage options, discounts, digital tools and third-party customer satisfaction scores and financial strength rankings to help you find the best company for your insurance needs. Weighing all these factors, we assigned each carrier a comprehensive Bankrate Score out of 5.0 points. This Score can help give you a holistic overview of each carrier as you narrow down your choices.
Cheapest home insurance companies in Vermont
For homeowners with a tighter budget — or those who would just prefer to spend less on their home insurance coverage — Bankrate has reviewed the data from Quadrant Information Services and collated a list of the Vermont providers with the cheapest home insurance rates on average. All but two of the providers on our list offer average rates below the state average. In our research, we did not account for discounts, so keep in mind that your discount eligibility can help drive your insurance premium even lower.
| Carrier | Monthly premium for $300k coverage | Annual premium for $300k coverage | Savings vs state avg. for $300k coverage |
|---|---|---|---|
|
$37
|
$444
|
- $362 |
|
|
Concord Group
|
$43
|
$520
|
- $286 |
|
$57
|
$687
|
- $119 |
|
|
$65
|
$777
|
- $29 |
|
|
$79
|
$952
|
+ $146 |
How to get cheap Vermont home insurance
Even with low average rates, many Vermonters may be looking for ways to save on their home insurance policy. These strategies may help you find lower rates:
Best home insurance discounts in Vermont
Another way to save money on your Vermont homeowners insurance may be through the use of discounts. Most insurers offer at least a few of these to policyholders, and it's one of the reasons why it may be a good idea to review your policy annually. Here are some of the common discounts you may see across multiple carriers:
How to save on home insurance policy renewals in Vermont
By the time your home insurance policy is up for renewal, it is likely that your premium will change. According to Bankrate’s analysis of rate data, the national average cost of home insurance rose considerably from 2023 to 2024. However, there are a couple of strategies you can implement to help avoid a premium increase when it is time to renew your policy.
- Tell your insurer about home improvements: Don’t keep any home fortification projects to yourself. If you’ve installed a new roof or made your home more storm-resistant, be sure to let your insurance company know as it might get you a better rate.
- Ask about discounts: Maybe you changed jobs, increased your credit score or installed a new security system since you first signed up for your policy. Be sure to ask a company representative about any potential discounts you may have missed the first time around. For example, if you’ve had your policy for several years, you might now qualify for a customer loyalty discount.
- Review your policy limits: If your belongings are insured for their actual cash value (as opposed to their replacement cost value), you may need to factor depreciation into your policy limits. For example, if the television you bought a couple of years ago is no longer worth what you paid for it, you might want to consider that when setting your personal property coverage limit.
How much is home insurance in Vermont?
The average cost of homeowners insurance in Vermont is $806 per year for $300K in dwelling coverage. That is 64 percent less than the national average of $2,230. Vermont also has some of the cheapest average home insurance rates in New England. For comparison, home insurance in Massachusetts costs an average of $1,622 per year, and in New Hampshire, it costs an average of $973 per year.
Some of Vermont’s New England neighbors may pay higher homeowners insurance premiums because they face a greater risk of hurricane damage. According to the Insurance Information Institute, no Vermont homes face storm surge risk, while nearly 152,000 Massachusetts homes are at risk of a Category 4 hurricane. Vermont also has a lower crime rate than many nearby states.
Your home insurance rates may vary from these averages based on your personal rating factors and the details of your home. The amount of dwelling coverage you have also causes rates to fluctuate.
Vermont homeowners insurance rates by city
To help you get a better understanding of what Vermont home insurance costs in your ZIP code, Bankrate created the interactive map below. You can look up ZIP codes for your neighborhood and its surrounding areas to see how home insurance costs vary across the state.
Your ZIP code plays a role in determining your premium cost. If you live in an area that has a low crime rate, for example, your rate is likely to be below average. The prevalence of disastrous weather patterns, such as hurricanes or earthquakes, may also impact your rates. Vermont generally does not see extreme weather of that magnitude, which may be one of the reasons its average rates are so low. Still, even within Vermont, some cities see lower rates than others. Here are some of the cheapest cities, on average, for homeowners insurance in Vermont:
- Winooski: $749 per year — 7 percent below state average
- Huntington: $750 per year — 7 percent below state average
- Charlotte: $750 per year — 7 percent below state average
- Hinesburg: $750 per year — 7 percent below state average
- South Burlington: $755 per year — 6 percent below state average
Rates may be higher in regions that feature more high-value homes, higher crime rates or more extreme local weather patterns. These are five of the priciest average cities in Vermont for home insurance:
- Peru: $857 per year — 6 percent above state average
- Middletown Springs: $854 per year — 6 percent above state average
- Wells: $854 per year — 6 percent above state average
- Shaftsbury: $851 per year — 6 percent above state average
- Chester: $850 per year — 5 percent above state average
What does home insurance cover in Vermont?
Home insurance offers valuable financial protection, but it does not cover everything under the sun. The most common type of home insurance policy is a form HO-3. This type of home insurance policy provides coverage for your home’s physical structure, other structures on your property (like a fence or gazebo) and your physical belongings. It also provides liability insurance in case someone is injured on your property and medical payments coverage. If you need to relocate from your home temporarily due to a covered peril making your home uninhabitable, an HO-3 insurance policy also provides additional living expenses coverage.
With home insurance, it is not only important to know what is protected, you must also understand how it is protected. With the HO-3 home insurance policy, your home’s physical structure and other structures on your property are covered on an open-peril basis. This means that they are protected from any peril except the ones that are specifically excluded from your policy. Your personal property, on the other hand, is protected on a named-peril basis. This means you can only file a claim for your belongings if they are damaged by something that is listed in your home insurance policy.
Below, we’ve listed some of the most common perils home insurance covers, according to the Insurance Information Institute (Triple-I):
- Wind and hail: Wind and hail can wreak havoc on your home’s roof, compromising its structural integrity. Not only, but wind and hail could also cause your home to spring a leak.
- Water damage and freezing: Vermont winters are notoriously cold, with temperatures known to dip below zero. If a pipe freezes and bursts, your home insurance policy can help pay for the repairs.
- Fire and lightning: Fire and lightning claims accounted for nearly 25 percent of all home insurance claims in 2021, per Triple-I.
Additional home insurance coverage types in Vermont
In addition to the standard coverage types included in a homeowners insurance policy, some homeowners in Vermont may want additional coverage. Available as endorsements or standalone policies, these add-ons may offer coverage in areas not included in a standard homeowners insurance policy, or they may offer enhanced coverage for existing coverage types. Common endorsements for Vermont homeowners include:
- Flood insurance: Flood insurance is not included in a standard home insurance policy and may not be available from all carriers. If you cannot find a provider, you may be able to purchase a policy from FEMA’s National Flood Insurance Program.
- Valuables insurance: While most policies will include coverage for personal belongings, there are limits to what they will cover. Without adequate coverage, you could be left with the bill should you ever experience damages or a loss. If you have expensive valuables, you may want to talk to your agent about what coverage is right for you.
- Identity theft/fraud coverage: As the world continues to go digital, identity theft and fraud protection may be more important than ever. Thankfully, many providers offer this coverage to help restore your identity after a breach.
- Personal property replacement cost coverage: The cost of a new television today is likely a lot more than what you could sell your existing one for. This coverage type is designed to ensure your belongings are covered at today's market value, rather than their depreciated value.
Related content:
Common Vermont home insurance problems
From July 10 to 11, 2023, Vermont experienced a historic level of flooding. However, according to a spokesperson from the Vermont Department of Financial Regulation, only a small percentage of Vermonters had flood insurance to help cover the damage.
Most states require potential home sellers to disclose flood risk during a trial estate transaction — but not Vermont. With climate change creating more extreme weather, Vermont homeowners could end up feeling the financial sting if another flood occurs.
Frequently asked questions
