The Best Cheap Renters Insurance in Vermont

The average cost of a renters insurance policy in Vermont is $14 per month. Switching to a cheaper company like Allstate could save you 14% per year.

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Cheapest renters insurance companies in Vermont

The cheapest renters insurance company in Vermont is Allstate, which has an average rate of about $12 per month.

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Renters insurance in Vermont is about $4 cheaper per month than the rest of the U.S. The typical price of renters insurance in the U.S. insurance costs about $18 per month.

Cheapest renters insurance companies in Vermont

Best rates for renters insurance: Allstate

Allstate is the cheapest option for renters insurance in Vermont, at an average price of $140 per year, or just under $12 per month. That's 14% less than the average overall, and $51 per year cheaper than the most expensive option.

Allstate also offers plenty of opportunities for discounts that could bring your rates down even more. For example, policyholders could save up to a quarter of the cost of their renters insurance if they're at least 55 and retired. Allstate also offers discounts for remaining claims-free, for having fire alarms and other safety features and for simply electing to make automatic payments.

However, Allstate's coverage options weren't as strong as several other options. While it offers some extra options like identity theft, other common coverages such as replacement cost coverage and water backup protection aren't available.

Additionally, Allsate's customer service reviews are below average. The company has about 27% more complaints than an average insurer, according to the National Association of Insurance Commissioners. It also received a middling score in J.D. Power's customer survey.

Best-rated renters insurance: Amica

For Vermont renters willing to spend more for a strong customer experience, we recommend Amica. It's the top-rated insurer we considered in Vermont, but its rates are slightly more expensive than its competitors.

The average price in Vermont for Amica was $14 per month, or $173 per year. That's 7% higher than the state average.

Amica received a top score in our ratings for renters insurance, reflecting the positive experiences customers tend to report while buying a policy or making a claim. Amica receives one-eighth as many complaints as an average U.S. home insurance company according to the NAIC — suggesting customers are very likely to be satisfied with their experience. Amica also has excellent financial stability, according to AM Best.

Unfortunately, Amica is also not a great choice if you need renters insurance coverage that goes beyond the basics. There are a few extra coverage options to choose from, including identity theft protection and replacement cost coverage, it lacks other useful options like water backup or equipment breakdown coverage.

Best renters coverage options: Nationwide

For people who want to customize their renters insurance policy with optional coverages, we recommend Nationwide. It has the best selection of any insurer we looked at in Vermont. You can choose from replacement cost coverage, enhanced liability and mechanical breakdown, among others.

However, Nationwide is the most expensive insurer we found in the state. The typical price for renters insurance from Nationwide is $16 per month, which is $4 per month more than the cheapest option. The extra cost may not break the bank for most, but it's still more money for the same level of coverage — and adding optional coverages will increase the price even more.

Customer service at Nationwide is above average, but mixed. It received complaints about half as often as its competitors, according to the NAIC. But it didn't perform very well in J.D. Power's customer satisfaction survey.

Vermont renters insurance costs by city

Among the 25 largest cities in the state, the cheapest city is Colchester. Renters will pay around $150 per year for insurance. That's $37 per year less than Milton.

Renters insurance costs can change based on where you live. Your bill might be more expensive if you live in a rural area far from a fire station, or in a coastal area susceptible to floods.

Best renters insurance companies in Vermont

These companies have consistently received top marks from their customers when it comes to service, especially when filing a claim. And USAA is J.D. Power's top recommendation for renters insurance in the country.

However, USAA is only available to people associated with the military. You're eligible only if you have served in the armed forces, or your parent or spouse had a USAA insurance policy.

Top renters insurance companies

Frequently asked questions

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Methodology

We evaluated renters insurance prices from four top-rated insurance companies in 25 major cities in Vermont. All our sample quotes are for an unmarried 25-year-old renter with no recent renters insurance claims.

Top picks are determined by our experts, who analyze rates, customer service and coverage options.

Renters insurance star ratings are based on the National Association of Insurance Commissioners (NAIC) complaint index, the J.D. Power customer service satisfaction index and ValuePenguin's editors' ratings.