Best Home Insurance Rates In Vermont

On average, your neighbors pay $73 a month.

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Compare Homeowners Insurance In Vermont

Vermont is famous as the top producer of maple syrup in the US. The Green Mountain State is the second-least populous state, and its residents have been ranked as the healthiest of any state in the country. Two presidents were born in Vermont, Chester A. Arthur and Calvin Coolidge. Vermont is also home to a number of homeowners insurance risks that are typical of the New England region.

Average Vermont Homeowners Insurance Rates

How much is home insurance in Vermont? Vermont has below average insurance premiums compared to the rest of the country. The average cost of homeowners insurance in the state of Vermont is $873. That's much lower than the national average of $1,173. Only eleven states have lower average home insurance rates than Vermont.

Vermont Average Annual Homeowners Insurance Rates
  2013 2014 2015
Vermont Annual Average $814 $844 $873
Vermont Price Per Month $68 $70 $73
US Annual Average $1,096 $1,132 $1,173
US Cost Per Month $91 $94 $98
National Rank 41 41 41
Source: Facts + Statistics: Homeowners insurance

The graph below shows the change in average Vermont home insurance rates from 2011 to 2015, the most recent year the data is available. According to the III, Vermont homeowners insurance rates increased from $748 in 2011 to $873 in 2015, a jump of $125 dollars, or 16.71 percent.

Vermont average homeowners insurance rates

Choosing a homeowners insurance company in Vermont should be easier. Actually, it’s already easy. The key to finding the best rates is to compare homeowners insurance quotes in Vermont from multiple companies.

Best Vermont Home Insurance Companies

Last year, these were the 10 most common home insurance companies reported by QuoteWizard users living in the state of Vermont. Out of the 1,093 Vermont homeowners that used QuoteWizard to request insurance quotes last year, 57 had no home insurance.

  1. Liberty Mutual
  2. Allstate
  3. Progressive
  4. Nationwide
  5. Geico
  6. Travelers
  7. Safeco
  8. AAA
  9. Hartford
  10. MetLife
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Best Homeowners Insurance Companies in Vermont

The above list shows the most popular home insurers in Vermont according to our users. But popular doesn’t always mean best.

Our study on the best homeowners insurance rates focuses on top of the line companies. In no particular order, these companies stand out among the rest:

  1. Amica: Best Overall
  2. MetLife: Best for Bundling
  3. Allstate: Best for Local Agents
  4. Hartford: Best for Seniors
  5. State Farm: Best for Pet Owners
  6. Travelers: Best for Flexible Policies
  7. Nationwide: Best Replacement Coverage
  8. Farmers: Best for Eco-Friendly Homes
  9. Liberty Mutual: Best for Quick and Easy Quotes
  10. Auto Owners Insurance: Best Claims Experience
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Top Vermont Home Insurance Company Market Share

Source: Insurance Information Institute
Rank Company Financial Rating Market Share
1 Vermont Mutual Insurance A+ 11.9%
2 Co-operative Insurance NR 10.8%
3 Liberty Mutual A 10.4%
4 Concord General A 6.9%
5 Union Mutual Fire Insurance A- 6.8%
6 Allstate A+ 5.6%
7 Chubb A++ 5.0%
8 Travelers A+ 4.7%
9 USAA Insurance A++ 4.4%
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Vermont Home Insurance Rate Factors

Many different factors come into play when insurance companies calculate the cost of homeowners insurance. Some, like the age of your home, are within your control. Others, like crime rates or natural disasters, are beyond your control. Here are some of the factors that affect the cost of homeowners insurance in Vermont.

Average Home Listing Prices

Home prices can greatly affect the cost of insurance in any given state. A higher average home price generally means higher premiums in that state. For Vermont, the average listing price is $275,763 as of July 2015, basically equal to the national average of $284,748.

Average Burglary Rates

Burglary is a serious and sometimes violent property crime. States with higher average burglary rates generally have higher average home insurance premiums, because the likelihood that someone will need to file a claim is higher. According to data from the FBI Uniform Crime Report, in 2013, Vermont’s average burglary rate was 528.7 per 100,000 people, which is slightly lower than the national average of 610.0 per 100,000.

States with more law enforcement per capita tend to be safer than states with fewer policemen and women. In Vermont, there are 108.5 law enforcement personnel per 100,000 total citizens, which is about three times the national median of 32 per 100,000.

Home Insurance Hazards

As is typical of the New England region, Vermont’s weather is mostly mild. However, humid summers and extremely cold winters can bring serious homeowners insurance hazards.

Humid summers: While summers in Vermont are mostly mild, they are also quite humid. Humidity is relatively high in Vermont throughout the year, which is why winters are so snowy and rainfall is consistent year-round. Humidity peaks from August to October, while temperatures peak in July. Even in July, the hottest month of the year, average high temperatures barely exceed 80 degrees. In September, the most humid month, humidity levels average 84%. As humidity is essentially moisture in the air, it can sometimes be a serious homeowners insurance hazard. If this moisture gets trapped inside, it can form mold or mildew. And, some methods of insulation prevent the movement of moisture, which also leads to the development of mold and mildew.

Extremely cold winters: Vermont winters are snowy and can be very cold. Overall, Vermont averages 54 days and about 80 inches of snow per year. Despite its small size, snowfall varies greatly throughout Vermont. At Mount Mansfield, they average 85 days of snow per year, and about 244 inches annually. However, further south, in Montpelier, they average only 50 days and 94 inches of snow per year. Despite variations in snowfall, winter temperatures are uniformly quite low. In fact, Vermont has the #7 coldest average annual temperatures of any state. January tends to be the coldest month of the year. High temperatures during January are below freezing in the entire state, averaging 26 degrees. Low temperatures are in the single-digits, averaging 4 degrees. Below freezing temperatures are common through March. Extreme cold such as this is a homeowners insurance hazard. In freezing temperatures, metal structures become stiff and brittle and pipes can crack and leak as objects are forced to contract by the cold.

Year-round precipitation: The average annual rainfall in Vermont is about 43 inches. Most cities in Vermont will see rain almost every other day. For example, in Montpelier, they average 149 days of rain per year and over 37 inches of rain a year. Further north, in Newport, they average 175 days of rain per year and about 42 inches of rain annually. Normally, this rain is light, but occasionally, Vermont will experience a Nor’easter storm, which are typical of the New England region. These storms can cause extreme winds, blizzard conditions in winter, and flooding in spring. Preparing for these conditions is the best way to prevent against damage. That said, the only way to obtain flood insurance is through the National Flood Insurance Program. Learn more about the NFIP here.

Vermont Department of Financial Regulation - Insurance Division

Insurance Commissioner:
Michael S. Pieciak
Insurance Hotline:
(802) 964 – 1784
Office Hours:
Monday - Friday
7:45am to 4:30 pm
File a Consumer Insurance Complaint
Complaint Page

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