Find the Best Homeowners Insurance Rates & Companies in Vermont
Homeowners insurance costs in Vermont are considerably lower than in most of the nation. Vermont homeowners insurance rates tend to average just $918 annually, compared to the national annual average of $1,211. Lower costs of living and property values are just a couple of factors that impact Vermont's home insurance rates.
The current average home value in Vermont is $332,300. You pay a lot of money for your Vermont home, so it needs to be protected with the right coverage. Having a home insurance policy in place can help you repair or rebuild your home following a catastrophe.
Luckily an independent insurance agent in Vermont can easily help you find the right homeowners insurance policy for you. But up first, here's an extensive breakdown of home insurance requirements and more in Vermont.
Best Homeowners Insurance Companies in Vermont
Starting with the best home insurance companies in Vermont is a great way to ensure you end up with the best policy. Instead of wasting time looking for coverage from subpar carriers, we've compiled a list of some of the greatest options in your state. Start off with a handful of our top picks for the best homeowners insurance companies in Vermont to find the coverage you need.
- Travelers: Founded in 1864, Travelers sells home insurance and many other products for individuals and businesses. Travelers has very high ratings from both AM Best for financial strength and overall from the Better Business Bureau (BBB).
- Progressive: Founded in 1937, Progressive also sells home insurance and tons of other products. The insurance company has an excellent rating from AM Best and offers 24/7/365 customer service, along with many discount options.
- Acuity: Founded in 1925, Acuity also sells home insurance and many other personal and business coverages. The carrier has an "A+" or superior rating from AM Best and offers 24/7 claims reporting.
- Encova: Founded in 2017, Encova sells home insurance and many other products. The carrier has excellent ratings from both AM Best and the BBB.
A Vermont independent insurance agent can help you find the right kind of home insurance for your specific needs.
What Homeowners Insurance in Vermont Can Cover
Some of the most common natural disasters in Vermont include severe storms, floods, winter storms, tropical storms, and hurricanes. A home insurance policy can help you get reimbursed after wind, hail, lightning, snow, or ice damage or destroy part or all of your home. With a home insurance policy, you can feel secure in knowing you'll be able to keep your home after a destructive storm.
Severe Storms, Winter Storms, Tropical Storms, and Hurricanes
Home insurance in Vermont covers many hazards that accompany the state's most common natural disasters, including severe storms, winter storms, tropical storms, and hurricanes. Home insurance can pay for repairs or rebuilding of your home's structure as well as your personal property if it gets damaged by fire, lightning, wind, hail, snow, or ice. But there's one aspect of these natural disasters that's not covered by home insurance: flooding.
Flooding
Having a flood insurance policy is necessary to get reimbursed for damage or destruction to your home or property after natural water damage occurs. So heavy rainfall, melted snow and ice, and other natural sources of flooding to your home are not covered by Vermont home insurance. Talk to your Vermont independent insurance agent about adding flood coverage to help protect your home.
Vermont home insurance provides these basic coverages:
- Personal property: When your personal property, like furniture, etc., gets stolen, damaged, or destroyed by a covered peril, this coverage can pay to replace it or repair it.
- Loss of use: When your home gets extensively damaged or destroyed by a covered disaster like a fire and you have to temporarily stay at a hotel or incur various extra expenses, this coverage can reimburse you.
- Personal liability: When you get sued by a third party for personal property damage or bodily injury, this coverage can reimburse you for any legal fees.
- Dwelling: When your home's structure gets vandalized, damaged, or destroyed by a listed disaster, this coverage can help reimburse you for any necessary repairs or rebuilding.
A Vermont independent insurance agent can help you get set up with the right kind of homeowners insurance.
What Homeowners Insurance in Vermont Will Not Cover
Vermont doesn't often experience earthquakes, so it's not a huge concern for residents that home insurance doesn't cover these natural disasters, either. Still, aside from earthquakes and natural flooding, there are many other disasters excluded by Vermont home insurance.
Vermont home insurance does not cover the following:
- Failure of the owner to maintain the home
- Intentional or malicious acts against third parties
- Business-related losses (unless you added an endorsement)
- Damage to any vehicles stored at the home
- Pest or insect infestation or damage (e.g., termites or bed bugs)
- Sewer breaks and backups
Flood damage in Vermont
Though flooding caused by natural sources is not covered by home insurance in Vermont, it's not the only kind of flooding excluded by this coverage. Flooding due to sewer backups and breaks is also excluded by Vermont home insurance. Talk with a Vermont independent insurance agent about adding a sewer backup endorsement to your home insurance policy to get coverage against these messy disasters.
Average Cost of Homeowners Insurance in Vermont
Vermont's home insurance rates rank 41st lowest in the US overall. An average home insurance policy in Vermont costs just $918 per year, while the country overall pays about $1,211 for coverage. Thanks to the state's more affordable average home insurance rates, finding a policy that works for you should be a breeze, especially when you enlist the help of a Vermont independent insurance agent.
Average Vermont Home Insurance Costs by City
Local property values and crime rates, as well as a specific area's risk of storm damage, all impact home insurance prices. Because of this, home insurance rates vary in each city. For residents in the Vermont city of Shelburne, home insurance rates are the highest, at an average of $1,075 annually. However, Vermont residents in the city of Barre pay an average of just $801 for home insurance per year, which is the lowest in the state.
How does your city measure up to the national average?
National average burglary rate 3.76 per 1,000 people
National average home value $269,000
National average home insurance cost $1,428 year
| City | Avg. home value | Burglaries / 1,000 homes | Annual insurance cost |
| Barre | $178,245 | 2.79 | $801 |
| Bennington | $229,489 | 3.42 | $815 |
| Brattleboro | $306,924 | 5.87 | $992 |
| Burlington | $393,717 | 2.84 | $973 |
| Colchester | $331,744 | 1.21 | $922 |
| Essex | $317,766 | 2.71 | $981 |
| Essex Junction | $353,351 | 2.69 | $911 |
| Hartford | $387,574 | 2.61 | $906 |
| Middlebury | $349,524 | 1.28 | $910 |
| Milton | $299,843 | 1.81 | $867 |
| Rutland | $209,601 | 3.66 | $804 |
| Shelburne | $366,297 | 1.02 | $1,075 |
| South Burlington | $430,743 | 2.64 | $992 |
| Springfield | $397,574 | 4.74 | $803 |
| Williston | $366,297 | 1.74 | $998 |
Popular Questions about Vermont Home Insurance
Vermont's average annual home insurance premium is $918, which equates to about $76.50 per month. Vermont has the 41st highest home insurance rates in the US overall, so residents save a bunch on their policy premiums compared to most of the nation.
What your Vermont home insurance covers depends on the coverages you select. But a standard home insurance policy covers at least your home's structure, your personal belongings or contents, additional structures, personal liability, and additional living expenses.
Vermont doesn't require you to have home insurance by state law. But most mortgage lenders require proof of homeowners insurance before you can take out a home loan.
Vermont home insurance rates are calculated by considering a number of different factors, including the home's value, local crime rates, your personal claims history, any upgrades to the home, and more.
We found that the best home insurance companies in Vermont this year are Travelers, Progressive, Acuity, and Encova. These companies were chosen based on their coverage options and upgrades, rates, customer service offerings and reviews, financial strength, and more.
Yes, there are plenty of independent insurance agents across the state of Vermont who can assist you in finding the right kind of homeowners insurance, flood insurance, and other coverage you may be looking for.
Homeowners insurance is not required by Vermont state law, but it is often required by mortgage lenders before you can buy a home.
There's no such thing as a one-size-fits-all insurance policy. With a wide variety of products and options at your disposal, you might need help from a professional to choose what you really need.
Vermont independent insurance agents can help you choose the right policies and options to meet your specific coverage needs. Because they're independent, these agents can work with several of the best home insurance companies in Vermont to find you the right coverage at a great price.
Do You Know What Your Vermont Home Insurance Covers?
Average Cost of Home Insurance Near You
The average monthly cost of home insurance in Bennington, VT is $68. But expect your home insurance rates to vary based on many factors, including your personal claims history and your home's value.
Residents in Bennington, VT need to be prepared for common and unexpected property disasters, including property crimes and fire. Fortunately a home insurance policy can help reimburse you for many property crimes like vandalism and break-ins, as well as many other disasters like lightning strikes and fire damage.
The average monthly cost of home insurance in Burlington, VT is $81. But expect your home insurance rates to vary based on many factors, including your personal claims history and your home's value.
Burlington, VT is sometimes prone to torrential downpours, especially during hurricane season. While a home insurance policy can protect against property losses due to wind, lightning, and hail damage, it can't protect against natural flooding damage. You'll need to add flood insurance for that.
The average monthly cost of home insurance in Colchester, VT is $77. But expect your home insurance rates to vary based on many factors, including your personal claims history and your home's value.
One of the most common hazards faced by homeowners in Colchester, VT is severe winter storms. Fortunately, a home insurance policy can reimburse for property damage caused by snow and ice, including roof collapses.
The average monthly cost of home insurance in Essex, VT is $82. But expect your home insurance rates to vary based on many factors, including your personal claims history and your home's value.
Hailstorms and hurricanes are a concern for residents in Essex, VT. While a home insurance policy can protect against property losses due to wind, lightning, and hail damage, it can't protect against natural flooding damage. You'll need to add flood insurance for that.
The average monthly cost of home insurance in Rutland, VT is $67. But expect your home insurance rates to vary based on many factors, including your personal claims history and your home's value.
Situated on the western slope of the Green Mountains, the city of Rutland, VT is vulnerable to windstorms. Fortunately, a home insurance policy can help reimburse you for property damage and destruction caused by strong wind and even hail.