The Best and Cheapest Home Insurance Companies in Vermont (2024)
Vermont Mutual has the cheapest home insurance rates in Vermont, at $533 per year.
Compare Home Insurance Quotes from Companies in Vermont
Best Cheap Home Insurance in Vermont
To help Vermont homeowners find the best cheap homeowners insurance, ValuePenguin editors analyzed thousands of quotes and evaluated customer service ratings from the largest home insurance companies in the state.
Cheapest VT home insurance companies
Vermont Mutual offers the cheapest homeowners insurance quotes in Vermont.
A policy from Vermont Mutual costs $533 per year for $350,000 of dwelling coverage. That's $396 per year less than the state average.
Compare Home Insurance Quotes from Companies in Vermont
Concord also offers cheap insurance, at $558 per year for $350,000 of dwelling coverage. That's $370 less per year than the Vermont average.
Cheap Vermont home insurance quotes
$200,000
$350,000
$500,000
$1 million
Company | Annual rate | ||
|---|---|---|---|
| Vermont Mutual | $367 | |
| Allstate | $477 | |
| Concord | $485 | |
| Frankenmuth | $500 | |
| State Farm | $586 | |
$200,000
Company | Annual rate | ||
|---|---|---|---|
|
| Vermont Mutual | $367 | |
|
| Allstate | $477 | |
|
| Concord | $485 | |
|
| Frankenmuth | $500 | |
|
| State Farm | $586 | |
$350,000
Company | Annual rate | ||
|---|---|---|---|
|
| Vermont Mutual | $533 | |
|
| Concord | $558 | |
|
| Allstate | $672 | |
|
| Frankenmuth | $787 | |
|
| State Farm | $828 | |
$500,000
Company | Annual rate | ||
|---|---|---|---|
|
| Concord | $661 | |
|
| Vermont Mutual | $691 | |
|
| Allstate | $817 | |
|
| Frankenmuth | $1,089 | |
|
| State Farm | $1,105 | |
$1 million
Company | Annual rate | ||
|---|---|---|---|
|
| Concord | $934 | |
|
| Allstate | $1,238 | |
|
| Vermont Mutual | $1,353 | |
|
| State Farm | $1,916 | |
| MMG | $1,931 | ||
What home insurance do I need in VT?
Vermont winters can be very cold, with average temperatures ranging from 20 to 30 degrees.
These cold temperatures can lead to heavy snowfall and ice, which can damage homes and other structures. Fortunately, homeowners insurance typically covers damage from snow and ice as well as frozen pipes.
Best Vermont home insurance for most people: Vermont Mutual
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Editor's rating
- Cost: $533/yr
Vermont Mutual offers great service at an affordable rate.
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Cheapest quotes in VT
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Few customer complaints
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Helpful local agents
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Can't get a quote, manage your policy or file a claim online
Vermont Mutual has the best insurance for most Vermont homeowners. The company offers basic coverage for $533 per year , which is $396 cheaper than the Vermont average.
Homeowners are typically happy with the service they get from Vermont Mutual.
The company gets very few complaints compared to other companies its size. That means you can count on Vermont Mutual to help you get your life back to normal quickly after an emergency.
The main downside to Vermont Mutual is its poor online and mobile experience. Its website doesn't provide much information about coverage upgrades or discounts.
In addition, you can’t get a quote online, so you have to call a local agent to compare rates. However, there are dozens of independent agents throughout the state. That's an upside if you prefer to have a personal contact at your insurance agency.
Best for extra protection in VT: Concord
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Editor's rating
- Cost: $558/yr
Concord offers lots of ways to upgrade your home insurance with extra protection.
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Affordable rates
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Great customer service
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Lots of coverage add-ons
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Limited online features
Concord has some of the cheapest home insurance rates in Vermont, at around $558 per year for $350,000 of dwelling insurance.
Concord also offers lots of ways for homeowners to upgrade their coverage. For an extra fee, you can protect your home with:
- Equipment breakdown
- Green endorsement
- Guaranteed replacement cost
- Identity theft coverage
- Ordinance or law coverage
- Service line coverage
- Special personal property coverage
- Water backup coverage
In addition, customers are typically happy with the service they get at Concord. It gets far fewer complaints than other insurance companies its size, according to the NAIC. So you can expect a fast and easy claims process if your home is damaged.
One major downside to Concord is its limited online features. You can’t get a quote or buy a policy online, so you’ll have to contact a local agent for support.
Best for bundling home in Vermont: State Farm
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Editor's rating
- Cost: $828/yr
State Farm offers a great bundling discount along with helpful online tools.
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Cheap auto insurance in VT
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Convenient mobile app
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Reliable customer service
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Not the cheapest option
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Few discounts
State Farm is the best choice for Vermont homeowners looking to bundle their home and auto insurance policies.
State Farm offers an average discount of around 25% for buying both home and car insurance. It also has some of the cheapest car insurance quotes in Vermont.
State Farm's home insurance rates aren't the lowest in Vermont. At $828 per year, a policy from State Farm costs $101 per year less than the state average. But it's still $295 per year more than the cheapest company, Vermont Mutual. Also, aside from its great bundling discount, State Farm doesn't offer many other ways to lower your insurance bill.
However, State Farm has a convenient online experience. It has an instant quote feature, online bill payment and an online claims process. It also has a highly-rated mobile app, so you can manage your policy from just about anywhere. This can be very helpful for homeowners who prefer to manage their policy online instead of calling an agent.
Average cost of Vermont homeowners insurance
The average cost of homeowners insurance in Vermont is $929 per year.
That makes Vermont the second-cheapest state in the country for homeowners insurance.
Dwelling coverage | Annual cost |
|---|---|
| $200,000 | $618 |
| $350,000 | $929 |
| $500,000 | $1,262 |
| $1,000,000 | $2,191 |
Vermont homeowners insurance is fairly similar to its neighboring states. Maine is the third-cheapest state in the country, with an average rate of $977 per year. In New Hampshire, homeowners insurance costs an average of $1,002 per year.
Vermont insurance rates by city
Winooski, a suburb of Burlington, is the cheapest city for home insurance in Vermont.
Home insurance in Winooski costs an average of $831 per year.
East Poultney, a village just east of the New York border, is the most expensive city for home insurance in Vermont. A policy in East Poultney costs around $994 per year, which is $163 per year more than coverage in Winooski.
Average cost of Vermont homeowners insurance by city
City | Annual rate | % from avg |
|---|---|---|
| Adamant | $905 | -2% |
| Albany | $927 | 0% |
| Alburgh | $939 | 1% |
| Arlington | $940 | 1% |
| Ascutney | $970 | 5% |
Rates are for a policy with $350,000 of dwelling coverage.
Top home insurance companies in Vermont
Concord is the best-rated home insurance company in Vermont.
Concord has great customer service reviews, lots of policy add-ons and affordable quotes.
Best Vermont insurance companies
Company |
Rating
|
Complaints
|
|---|---|---|
| Concord | Low | |
| Frankenmuth | Low | |
| State Farm | Average | |
| Vermont Mutual | Low | |
| Travelers | Average |
It's important to choose a home insurance company that will take great care of you if you ever have an emergency.
Companies with great customer service ratings do this by hiring helpful employees and having a quick claims process. Companies with poor customer service reviews likely take longer to pay your claim and you may have to pay more for repairs.
What homeowners insurance do I need in Vermont?
Because of its location in the Northeast, the most frequent risks to Vermont homes are snow, ice and freezing temperatures. Most home insurance policies cover winter damage, whether it's due to heavy snow that caves in your roof or falling ice that damages your deck.
Does homeowners insurance in Vermont cover snow and ice damage?
Home insurance typically covers snow and ice damage.
However, your insurance company may deny your claim if you didn't try to prevent the damage.
For example, if you left heavy snow on your roof for days or weeks, your insurance company may claim that you neglected your home. In this case, they may not pay for repairs.
To avoid this, it’s best to clear snow and ice off your home right after a snowfall.
Does home insurance in Vermont cover burst frozen pipes?
Home insurance typically covers damage caused by frozen pipes that leak or burst.
Your homeowners insurance policy typically requires you to try to prevent this.
For example, if you turn down your heat before leaving on vacation and the pipes freeze, your insurance company may deny your claim. In this case, you'll have to pay to repair them.
And if you neglect a damaged pipe and the problem gets worse, you'll have to pay for any damage it causes, too.
How to find the best home insurance in Vermont
The best homeowners insurance companies have great customer service and helpful coverage at an affordable rate. To find the best insurance for you, start by figuring out how much coverage you need. Then, shop around for multiple quotes and compare customer service ratings.
Decide how much home insurance you need. Most basic homeowners insurance policies come with the same standard coverages. This includes protection for your home and belongings. However, some homeowners may need more protection than a basic policy can offer.
For example, some companies offer water backup coverage as an optional add-on. This coverage pays for damage caused by backed up drains and sewers or a broken sump pump. It could be an important addition to a policy for homeowners with sump pumps who worry about a flooded basement.
As you ask for quotes, make sure that any companies you're comparing offer the coverage you need.
Compare quotes from multiple companies. This could save you a lot of money. In Vermont, there's a difference of more than $1,000 per year between the most and least expensive companies. But make sure your coverage limits are the same on each quote so you're making an apples-to-apples comparison.
In addition, each insurance company calculates home insurance rates differently. Companies typically consider things like your age, credit score, your home's location, style and building materials. For that reason, the cheapest company for you may be different from the best choice for your friends, family or neighbors.
Consider customer service reviews. The best home insurance companies have a stress-free claims process and helpful customer service representatives. Poor customer service can lead to a lot of back and forth with the insurance company before you can fix your home.
When researching customer service, start with our ValuePenguin editor's ratings. ValuePenguin ratings consider customer service scores, coverage availability and cost. You can also consider J.D. Power home insurance satisfaction scores and the National Association of Insurance Commissioners (NAIC) complaint index.
Frequently asked questions
What is the average cost of homeowners insurance in Vermont?
The average cost of homeowners insurance in Vermont is $929 per year, or $77 per month. That’s 57% cheaper than the national annual average of $2,151.
Which company has the cheapest home insurance in Vermont?
Vermont Mutual offers the cheapest home insurance for most people in Vermont, at $533 per year, on average. This is 43% cheaper than the state average.
Which company has the best home insurance in Vermont?
Concord offers the best home insurance in Vermont, along with cheap quotes and great customer service scores. But if you're looking for better bundling discounts or online features, State Farm might be the best company for you.
How much is home insurance in Burlington, VT?
Homeowners insurance in Burlington costs an average of $882 per year. That's 5% cheaper than the Vermont state average.
Methodology
To find the best cheap home insurance in VT, ValuePenguin collected insurance quotes for homes in every ZIP code in Vermont from the state's largest insurance companies. Rates are for a 45-year-old married man with a good credit score and no prior insurance claims. Quotes include the following coverage limits:
- Dwelling coverage: $200,000, $350,000, $500,000 or $1 million
- Personal liability: $100,000
- Medical payments: $5,000
- Deductible: $1,000
ValuePenguin's analysis used insurance rate data from Quadrant Information Services. These rates were publicly sourced from insurance company filings and should be used for comparative purposes only. Your own quotes may be different.
ValuePenguin ranked each company's customer service scores by comparing the National Association of Insurance Commissioners (NAIC) complaint index, J.D. Power's home insurance customer satisfaction rankings and our ValuePenguin editor's ratings.
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.