Average Cost of Homeowners Insurance in Vermont (2024)


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Updated: May 22, 2024

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The average cost of homeowners insurance in Vermont in 2024 is $985. This is $1,438 less than the national average of $2,423.

Aside from the amount of coverage you get, credit score has the largest impact on Vermont's premium costs, with the premium difference varying by up to $1,880 proportional to the rating. If you're facing higher rates, our review of the cheapest plans in the state may help you find budget-friendly alternatives.

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Rates updated:

Jul 12, 2024

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To establish the average cost of homeowners insurance in Vermont, MoneyGeek used quotes from various providers for a profile that reflects the average homeowner.

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These rates reflect the average cost of car insurance in Vermont as of 2024.

490KQuotes Analyzed
 
8Companies Compared
 
3ZIP Codes

Average Cost of Home Insurance in Vermont by Coverage Amount

Vermont's average homeowners insurance premium is $985 for policies with $250K in dwelling coverage, $125K in personal property coverage and $200K in liability coverage. That's less than the national average of $2,423.

When considering how much coverage you need, it's important to have sufficient insurance to rebuild your home and replace personal items in case of a total loss. For example, a policy with $100K in dwelling coverage averages $541 annually in Vermont. If you own a larger property that requires $500K in dwelling coverage, the average premium increases to $1,681.

Average Annual Home Insurance Premium Vermont by Coverage Amount
$100K Dwelling / $50K Personal Property / $100K LiabilityAverage Annual Premium$541
$250K Dwelling / $125K Personal Property / $200K LiabilityAverage Annual Premium$985
$500K Dwelling / $250K Personal Property / $300K LiabilityAverage Annual Premium$1,681
$750K Dwelling / $375K Personal Property / $500K LiabilityAverage Annual Premium$2,357

Average Cost of Home Insurance in Vermont by Insurer

Premiums for homeowners insurance in Vermont can vary significantly depending on the provider, even for similar coverage levels. For instance, Vermont Mutual may offer a policy much lower than Travelers' policy.

Differences in underwriting can result in a wide range of premiums, so it's beneficial to shop around and consider all your options when in the market for Vermont's best homeowners insurance.

Average Annual Home Insurance Premium Vermont by Provider
Data filtered by:Results filtered by:
Coverage:
Coverage:$250K Dwelling / $125K Personal Property / $200K Liability
Vermont MutualAnnual Premium$467
Concord Group InsuranceAnnual Premium$549
AllstateAnnual Premium$769
MMG InsuranceAnnual Premium$889
USAAAnnual Premium$901
State FarmAnnual Premium$1,022
Foremost InsuranceAnnual Premium$1,193
TravelersAnnual Premium$2,092

Average Cost of Home Insurance in Vermont by Credit Score

Vermont homeowners with poor credit face premiums averaging $2,496, which is $1,511 above the average. Conversely, those with excellent credit pay an average annual premium of $661 for homeowners insurance. This stark contrast exemplifies the impact credit scores have on insurance rates.

While you may not be able to improve your credit score immediately, you can enhance it over time to reduce your rates. In the meantime, comparing insurers can lead to substantial savings. It takes less than 15 minutes to see which insurer will save you the most in Vermont.

Average Annual Home Insurance Premium in NJ by Credit Rating
Data filtered by:Results filtered by:
Coverage:
Coverage:$250K Dwelling / $125K Personal Property / $200K Liability
PoorAnnual Premium$2,496
Below FairAnnual Premium$1,866
FairAnnual Premium$1,381
GoodAnnual Premium$985
ExcellentAnnual Premium$661

Average Cost of Home Insurance in Vermont by Construction and Roof Type

The type of roof on your home can influence your homeowners insurance premium in Vermont. Materials that offer more excellent durability and resistance to the elements, like tile, may lower insurance costs. Conversely, less resilient materials could lead to higher premiums.

Construction materials also play a role in determining insurance rates. Homes built with materials more resistant to common perils, such as fire, may benefit from lower insurance premiums. On the other hand, a more common but less resistant standard frame construction usually has higher insurance costs.

Use the drop-downs in the table below to see how premiums change based on your home's materials.

Average Annual Home Insurance in Vermont by Construction and Roofing Type
Data filtered by:Results filtered by:
Construction:
Construction:Frame
Roof Type:
Roof Type:Composition
$100K Dwelling / $50K Personal Property / $100K LiabilityAnnual Premium$541
$250K Dwelling / $125K Personal Property / $200K LiabilityAnnual Premium$985
$500K Dwelling / $250K Personal Property / $300K LiabilityAnnual Premium$1,681
$750K Dwelling / $375K Personal Property / $500K LiabilityAnnual Premium$2,357
$1M Dwelling / $500K Personal Property / $1M LiabilityAnnual Premium$3,088

Average Cost of Home Insurance in Vermont for Newly Constructed Homes

Homeowners insuring a newly constructed home in Vermont can expect an average premium of $628. It's less than the $985 average for older homes, reflecting the advantages of modern building standards and materials. The table below illustrates the premium differences for varying coverage levels in new versus existing homes.

Average Annual Home Insurance Premiums: New vs. Existing Construction
Data filtered by:Results filtered by:
Coverage:
Coverage:$250K Dwelling / $125K Personal Property / $200K Liability
Existing Construction (2000)Annual Premium$985
New Construction (2023)Annual Premium$628

Average Cost of Home Insurance in Vermont by Claims History

In Vermont, homeowners with no claims in the past five years can expect an average annual premium of $985. However, if you've filed one claim within the last five years, the average jumps to $1,166. For those with two claims, the premium increases to an average of $1,357 annually.

Average Annual Home Insurance in Vermont by Claims Experience
Data filtered by:Results filtered by:
Coverage:
Coverage:$250K Dwelling / $125K Personal Property / $200K Liability
Claim free for 5+ yearsAnnual Premium$985
1 claim in past 5 yearsAnnual Premium$1,166
2 claims in past 5 yearsAnnual Premium$1,357
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VERMONT NATURAL DISASTERS AND HOME INSURANCE

In Vermont, flooding and ice storms are the most costly natural disasters for homeowners. While standard homeowners insurance typically covers damage from ice storms, it does not usually cover flood damage.

How to Shop for Home Insurance in Vermont

Shopping for home insurance in Vermont can be a smooth process if you know the right step. Here's how to find the best deal for you.

1
Understand Your Coverage Needs

Assess how much coverage you need for your home and personal effects.

2
Shop Around

Get quotes from multiple insurers to compare home insurance prices to find the best coverage rates for your unique needs.

3
Check for Discounts

Ask the insurers about the discounts they offer. Many insurers are willing to give discounts for installing home security systems in your home.

4
Consider Bundling

Look into bundling your home and auto insurance for possible savings.

5
Check Company Reputation

Look for a company with satisfactory customer service and claims ratings.

Bundling Home Insurance With Auto Insurance in Vermont

In Vermont, homeowners can often unlock savings by bundling their home and auto insurance policies. By opting for a multipolicy bundle, the average cost reduction from combined auto and home insurance premiums is roughly 20%, translating to a yearly savings of around $316 to $371. Maximize your multipolicy bundle savings by looking into the best home and auto bundles in Vermont.

Home Insurance Discounts in Vermont

Vermont homeowners can lower insurance costs with various discounts, such as.

  • Loyalty discount: This discount is available for policyholders staying in the same company for many years.
  • Protective devices discount: This discount is for installing home protection devices, such as burglar alarms and smoke detectors in your home.
  • Claim-free discount: Avail of possible discounts for staying claim-free within a specified amount of time, usually five years.

Remember to inquire about potential discounts when requesting a quote.

FAQ: Homeowners Insurance in Vermont

On average, what is the cheapest insurer in Vermont?
Is flooding in Vermont covered by homeowners insurance?
What is the biggest factor that impacts the price of homeowners insurance in Vermont?
In Vermont, how much, on average, can I save bundling my homeowners insurance with auto?

Additional Resources for Homeowners Insurance in Vermont

For those navigating the homeowners insurance landscape in Vermont, here's a curated list of resources that may prove invaluable:

About Mark Fitzpatrick


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Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.