Vermont Mutual insurance review 2024

If you’re shopping for the best car insurance in New England, you may have come across Vermont Mutual. The provider could be a good choice if you live in the New England area, want a regional insurance carrier and prefer to work directly with a local insurance agent. Vermont Mutual car insurance is limited to Maine, Massachusetts, New Hampshire and Vermont.

The carrier offers standard car insurance coverage types like bodily injury liability, property damage liability, comprehensive coverage and collision coverage, among others. Endorsement options and a full list of discount opportunities are not listed online and may vary by state, if available. The company suggests reaching out to one of its local independent agents for more information.

Pros and cons of Vermont Mutual car insurance

When comparing car insurance quotes, it’s important to evaluate the carrier itself. Below are some pros and cons if you’re considering Vermont Mutual car insurance:

Vermont Mutual did not make our list of best home insurance companies, due in part to its small regional size. However, it could be a good choice for New England homeowners exploring insurer options and comparing quotes, especially those who want a company with regional service history and local agents.

Compared to larger companies, the home coverage from Vermont Mutual is relatively basic, but there are a few endorsements that you could add to personalize your coverage. Vermont Mutual has three levels of its Home Broadening Endorsements, each of which comes with its own set of added coverage to the base home insurance policy. By adding an expanded coverage level, homeowners could benefit from add-ons such as debris removal, identity fraud and other coverage types, depending on the package. Talking with an agent may help you gather more information about the endorsements available.

Pros and cons of Vermont Mutual home insurance

Vermont Mutual homeowners insurance could be a great fit for some. Here are some advantages and disadvantages of the company to consider when making your decision.

If you want to compare other providers to Vermont Mutual, it may be helpful to consider the following list of carriers.

Our insurance editorial team considers various data points and aspects of customer experience when reviewing providers, as well as our knowledge of more than 100 other insurance companies that we assessed. Bankrate’s Vermont Mutual Insurance review reveals that it may be the right choice for those who live within the carrier’s coverage areas and want to work exclusively with a local agent. For a personalized overview of its coverage options and discounts for home and car insurance, it may be best to reach out to an agent, as its website does not provide much information.

Customers who prioritize a digital experience and 24/7 customer service may not find Vermont Mutual to be a good fit. Its limited third-party reviews for customer satisfaction also mean that interested policyholders may need to do a little legwork and talk to other customers to determine if Vermont Mutual is the best car insurance company for their needs.

What are real-life customers saying about Vermont Mutual?

To provide a comprehensive view of customer experiences with Vermont Mutual, we have gathered insights from real users on Reddit. It's important to note that due to Vermont Mutual's more localized and niche market presence, online reviews are less prevalent compared to larger, national insurers. This can make gathering a wide array of opinions more challenging. However, the feedback we have found offers valuable perspectives on their services and customer satisfaction.

Reddit reviews

Reddit users generally express satisfaction with Vermont Mutual, highlighting the company's fair and timely claims process and competitive rates. One user recounts a positive experience with a claim on both private and commercial vehicles, rating the company a solid "B." Another user praises Vermont Mutual as the only insurance company they like and respect. Comments also frequently mention that Vermont Mutual offers better rates than national carriers and that its representatives are well-acquainted with the regional nuances, which can be beneficial for local policyholders.

Vermont Mutual company details

• Phone number: 1-802-223-2341
• Payment address: Vermont Mutual Insurance Group, 89 State Street, P.O. Box 188, Montpelier, Vermont 05601-0188
• Website: vermontmutual.com

State availability

Vermont Mutual car insurance is available in only a few states: MA, ME, NH and VT.  Home insurance and other products are available in CT, MA, ME, NH, NY, RI and VT.

Vermont Mutual tools and benefits

• Home business endorsement: Vermont Mutual gives the option to cover your home business under your homeowners policy.
• Homeowners broadening coverages: The company gives comprehensive home coverage options that include appliance repairs, water backup and debris removal.
• Renters insurance: For those renting and looking to cover their personal property and add liability coverage, Vermont Mutual offers renters insurance policies.
• Umbrella insurance: Vermont Mutual customers can get additional insurance coverage by purchasing an umbrella insurance policy to cover personal assets.
• Dwelling fire insurance: Get insurance coverage specifically for fires that happen at home.
• Insurance coverage for valuable items: If you have fine jewelry or valuable art, you can cover these items with Vermont Mutual’s Inland Marine coverage.
• Business insurance: Vermont Mutual offers multiple commercial insurance policy options, as well. These include commercial businessowners, inland marine and umbrella insurance for businesses.

Frequently asked questions about Vermont Mutual

Bankrate utilizes Quadrant Information Services to analyze July 2024 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Rates are weighted based on the population density in each geographic region.

Auto

Quoted rates are based on a single, 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:

• $100,000 bodily injury liability per person
• $300,000 bodily injury liability per accident
• $50,000 property damage liability per accident
• $100,000 uninsured motorist bodily injury per person
• $300,000 uninsured motorist bodily injury per accident
• $500 collision deductible
• $500 comprehensive deductible

To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. Our base profile drivers own a 2022 Toyota Camry, commute five days a week and drive 12,000 miles annually.

These are sample rates and should only be used for comparative purposes.

Age: Rates were calculated by evaluating our base profile with the ages 16-60 (base: 40 years) applied. Depending on age, drivers may be a renter or homeowner. Age is not a contributing rating factor in Hawaii and Massachusetts.

The rates for drivers ages 16-20 added to their parents' policy reflect the good student and driver's training discounts applied. The rates for drivers aged 16-20 on their own policy do not include the good student and driver's training discounts. Additionally, 25-year-old rates are based on the driver as a renter and 30+ on the driver as a homeowner.

Incidents: Rates were calculated by evaluating our base profile with the following incidents applied: clean record (base), single speeding ticket, single at-fault accident and single DUI conviction.

Credit-based insurance scores: Rates were calculated based on the following insurance credit tiers assigned to our drivers: “poor, average, good (base) and excellent.” Insurance credit tiers factor in your official credit scores but are not dependent on that variable alone. Four states prohibit or limit the use of credit as a rating factor in determining auto insurance rates: California, Hawaii, Massachusetts and Michigan.

Homeowners

Quoted rates are based on married male and female homeowners with a clean claim history, good credit and the following coverage limits:

• Coverage A, Dwelling: $150,000, $300,000, $350,000, $450,000, $750,000
• Coverage B, Other Structures: $15,000, $30,000, $35,000, $45,000, $75,000
• Coverage C, Personal Property: $75,000, $150,000, $175,000, $225,000, $375,000
• Coverage D, Loss of Use: $30,000, $60,000, $70,000, $90,000, $150,000
• Coverage E, Liability: $500,000
• Coverage F, Medical Payments: $1,000

The homeowners also have a $1,000 deductible, a $500 hail deductible and a 2 percent hurricane deductible (or the next closest deductible amounts that are available) where separate deductibles apply.

These are sample rates and should be used for comparative purposes only. Your quotes will differ.