National Association of Real Estate Editors member
Bylines include Forbes, Bankrate, and CBS News
Aly is a reporter specializing in real estate, mortgages, and personal finance. You can find her work in Hearst newspapers and numerous financial publications.
5+ years in insurance and personal finance content
Ashley is a seasoned personal finance editor who’s produced a variety of digital content, including insurance, credit cards, mortgages, and consumer lending products.
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Home insurance in Vermont is quite affordable compared to other states. The average annual premium is just $918 for a policy with $300,000 in dwelling coverage and a $1,000 deductible — the lowest of all 50 U.S. states Insurify analyzed.
But flooding is a common risk in Vermont, and standard policies don’t cover flood damage. You may want to add flood insurance in addition to your home insurance coverage to better protect your home.
Vermont home insurance rates are the lowest in the country and significantly lower than the national average of $2,377 per year for a policy with a $1,000 deductible and $300,000 in dwelling coverage.
Concord Group, Vermont Mutual, and Patriot Group have the cheapest home insurance in Vermont.
Vermont is prone to flooding, severe winds, and winter storms.[1]
Best home insurance companies in Vermont
Many high-quality home insurance companies serve the state of Vermont, but the right one will depend on your budget, ZIP code, individual needs as a homeowner, and other factors.
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
▲▼
Average Annual Premium
▲▼
Best For
▲▼
Concord Group
N/A
$527
Cheapest rates
Vermont Mutual
N/A
$534
Add-on coverages
Travelers
3.9
$855
Discounts
USAA
4.0
$926
Military families
Our editorial team spent more than 350 hours developing the Insurify Quality (IQ) Score and scoring insurance companies. The IQ Score objectively analyzes and calculates a score for insurers using more than 15 crucial criteria. The team weighted criteria by importance to the consumer — factors such as customer reviews and affordability influence the score more than availability and third-party ratings.
We rate each company on a 1 to 10 scale based on five categories: financial ratings, customer satisfaction, affordability, customer support and transparency, and availability. Insurify updates ratings once a year or as more recent information becomes available.
Third-party financial ratings: Insurify uses data from AM Best, S&P, Moody’s, and more to compare insurance companies’ credit and ability to pay out future claims.
Customer satisfaction: To calculate this score, Insurify analyzed more than 28,000 customer reviews across 155 car insurance companies. We also consider third-party ratings from J.D. Power, the National Association of Insurance Commissioners, and Trustpilot.
Affordability: Our data scientists analyzed more than 90 million real-time auto insurance rates from our partners across the U.S., as well as available discounts, to calculate an affordability score.
Customer support and transparency: This measures coverage options, ease of claims filing, and the insurer's transparency surrounding discounts, coverages, and claims process.
Availability and reach: Insurify scores availability and reach by identifying the number of states in which insurers offer coverage and company size by market share.
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
NR
$300,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$41/mo
$500,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$53/mo
If getting the cheapest premium possible is your goal, Concord Group is the best company to consider. The insurance company has the lowest average annual premiums, at $527 per year.
Compared to other insurers in the state, Concord Group could shave your premium in half (or even more). The company also has several discounts you could qualify for, including those for bundling policies, paying your premium in full, and choosing a higher deductible.
Pros
AM Best financial strength rating of A+ (Superior)
Many available coverage options
Cons
Not rated in J.D. Power’s customer satisfaction study
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
NR
$300,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$45/mo
$500,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$63/mo
If you’re looking for the most comprehensive coverage, Vermont Mutual can be a good idea for home insurance. The company offers a number of amendments and endorsements that allow you to add extra protection for your home. These cover things like jewelry and art, water backups, identity fraud, debris removal, appliances, home systems, and underground water lines.
Pros
Second-lowest premiums in the state
AM Best financial strength rating of A+ (Superior)
Cons
Available in only seven states
Not rated in J.D. Power’s customer satisfaction study
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
9.0/10
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
829
$300,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$71/mo
$500,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$109/mo
Discounts can be a handy way to lower your Vermont home insurance premiums, and Travelers offers several of them. You can reduce your home insurance premiums when you have multiple policies with the company, when you go for an extended period with no claims, or when you install protective devices like smoke alarms, indoor sprinkler systems, home security systems, or smart home technology. You can also get a discount if your home is LEED certified.
Pros
Many available discounts
Several add-on coverages, including valuable personal belongings coverage and umbrella insurance
Cons
Below-average J.D. Power customer satisfaction rating
Lots of customer complaints with the Better Business Bureau (BBB)
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
9.4/10
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
880
$300,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$79/mo
$500,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$116/mo
For military members, veterans, and their families, USAA is a top choice for Vermont home insurance. The company offers some of the lowest premiums in the state, and it has add-on coverage options like collectibles, umbrella, flood, windstorm, and valuable personal property.
Pros
High J.D. Power customer satisfaction ratings
Lots of add-on coverage options available
Cons
Only available to military members, veterans, decommissioned officers, and their families
No 24/7 customer service phone support
Find Cheap Home Insurance in Vermont
Compare quotes from the top 100+ insurance companies
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Based on 3,806+ reviews
4.8/5
Cheapest home insurance in Vermont
The cheapest home insurance company in Vermont is Concord Group, which has an average annual premium of $527 for $300,000 in coverage. See below for a full ranking of the most budget-friendly home insurers in Vermont.
Insurance Company
▲▼
Average Annual Premium
▲▼
Concord Group
$527
Vermont Mutual
$534
Patriot Group
$729
Travelers
$855
USAA
$926
Allstate
$1,010
Union Mutual Fire Group
$1,021
Co-operative Insurance Companies
$1,106
State Farm
$1,122
Foremost
$1,327
Cost of homeowners insurance in Vermont
The average home insurance cost in Vermont depends on the amount of coverage you choose, the deductible, the type of home you’re insuring, and other details. For a $300,000 policy and a $500 deductible, Vermont homeowners pay about $975 annually. For an older home with the same coverage and deductible, the price is slightly lower, at $921.
The less coverage you buy, the more affordable your Vermont homeowners insurance premiums will be.
Cost of homeowners insurance by dwelling coverage amount
Dwelling insurance protects the physical structure of your home if it’s damaged or destroyed by a covered peril.[2] The more coverage your home needs, the more you’ll pay for insurance, and vice versa. See below for a full breakdown of average premiums by dwelling coverage amount.
Coverage Limit
▲▼
Average Annual Premium
▲▼
$100,000
$425
$200,000
$673
$300,000
$918
$400,000
$1,182
$500,000
$1,421
Cost of homeowners insurance by deductible
Your home insurance deductible is the amount of money you’re responsible for before your insurer will kick in and cover damages. For example, if you have a deductible of $500 and your home needs a $2,000 roof repair, you’d pay for the first $500, and your insurance company would pay the remaining $1,500.
Deductibles can affect your premiums significantly. The higher your deductible, the less the insurer is on the line for if you file a claim. This will qualify you for lower premiums. If you choose a lower deductible — meaning your insurance company will pay more in a claim — your premium will be higher.
Deductible Amount
▲▼
Average Annual Premium
▲▼
$500
$975
$1,000
$918
How to get cheap homeowners insurance in Vermont
Comparing homeowners insurance companies is the best way to get cheaper home insurance in Vermont, but you can explore many other strategies as well:[3]
Take advantage of discounts. Most insurance companies offer at least a few discounts that can help you reduce your premiums. These might include discounts for having multiple policies with the company (home, life, auto insurance, etc.), paying your premium in full, choosing electronic statements, and more.
Choose a higher deductible. A higher deductible means your insurance company pays less when you file a claim. This usually qualifies you for a lower premium. Just make sure you have savings on hand to pay that deductible when necessary.
Safeguard your house. Safety and security devices can often qualify you for extra discounts, as they reduce the chances of you filing a claim. You might also take steps to make your home more disaster-resistant, such as installing hurricane windows or reinforcing your roof. These may help lower your premium, too.
Improve your credit. Insurance companies typically use credit history to generate credit-based insurance scores that help indicate your likelihood of filing a claim. Poor credit can indicate a higher risk to the insurer, and they charge more to compensate for their risk. Make sure to pay all your bills on time and reduce your debt balances. Both these steps can improve your credit.
Good to Know
In some cases, staying with the same insurer and remaining claim-free for an extended period of time can qualify you for a discount and lower your premium too, though this depends on the insurance company.
How much homeowners insurance do you need in Vermont?
Vermont doesn’t require a minimum amount of home insurance. But if you have a mortgage on your home, your mortgage lender will require you to have a certain amount of home insurance on the property.
Make sure you understand everything your policy covers before purchasing it, as you may want additional coverages depending on your unique location and situation. For example, standard home insurance policies don’t cover flooding, or you may want additional coverage for high-value items like jewelry or artwork.
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What are some of the biggest risks when owning a home in Vermont?
Home insurance policies protect you against many risks but not all of them. A standard policy typically includes 16 covered perils. For others, you may need additional coverage.
Here’s a look at some common perils you might face as a Vermont homeowner — and what type of coverage you’ll need to protect against them.
Flooding
Floods, flash flooding, and tropical cyclones are common risks for Vermont homeowners. The state has had at least five significant flooding events, according to the National Weather Service.[4] Standard policies don’t cover flood damage, so you’ll need a separate policy for this coverage. The National Flood Insurance Program (NFIP) may be an option in your area, or you can check with private insurers for other options.
Tornadoes and windstorms
Tornadoes and severe winds are another worry in Vermont. The worst time for these events is in July, according to government data, and the Vermont/New York region sees about one tornado every other year. Fortunately, standard home insurance policies typically cover wind damage.
Winter storms
Winter storms are common in Vermont, too. While standard policies won’t cover flooding that results from these events, they’ll cover property damage caused by wind, tree limbs, ice, snow, freezing rain, and burst pipes and ice dams.
If you’re not sure what coverages you need for your location, talk to an independent insurance agent. They can recommend the right products for your homeowners policy.
Vermont homeowners insurance FAQs
If you’re shopping for home insurance in Vermont, this additional information may help as you research your coverage options.
How much is home insurance in Vermont?
Home insurance in Vermont costs $918 per year for a policy with a $1,000 deductible and $300,000 in dwelling coverage, according to Insurify data.
But your rates will depend on multiple factors, including your ZIP code, age of your home, square footage of your home, and the coverage levels you choose.
Which company has the cheapest homeowners insurance in Vermont?
Concord Group has the cheapest homeowners insurance in Vermont, with annual premiums of $527. Vermont Mutual and Patriot Group also offer affordable coverage, with respective annual premiums of $534 and $729.
Does Vermont require homeowners insurance?
No. Vermont doesn’t require homeowners insurance, but your mortgage lender will require it if you have a mortgage on your home. It’s important to carry home insurance so that you can get help paying for repairs if a covered peril damages or destroys your home.
What is the most common type of homeowners insurance policy?
The most common type of homeowners insurance policy is an HO-3, or special form, policy. It covers your home, personal belongings, liability, and additional living expenses if you have to move out temporarily while your home is being repaired.
Aly J. Yale is a freelance writer and reporter covering real estate, mortgages, and personal finance. Her work has been published in Forbes, Business Insider, Money, CBS News, US News & World Report, and The Miami Herald. She has a bachelor’s degree in radio-TV-film and news-editorial journalism from the Bob Schieffer College of Communication at TCU and is a member of the National Association of Real Estate Editors.
5+ years in insurance and personal finance content
Ashley is a seasoned personal finance editor who’s produced a variety of digital content, including insurance, credit cards, mortgages, and consumer lending products.
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