Updated: May 22, 2024
Advertising & Editorial Disclosure
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.
MoneyGeek’s home insurance calculator will give you a ballpark estimate of your cost — it’s free, no personal information required, no spam.
Rates updated:
Jul 26, 2024
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Table of Contents
To establish the average cost of homeowners insurance in Vermont, MoneyGeek used quotes from various providers for a profile that reflects the average homeowner.
These rates reflect the average cost of car insurance in Vermont as of 2024.
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.
| $100K Dwelling / $50K Personal Property / $100K Liability | Average Annual Premium$541 |
| $250K Dwelling / $125K Personal Property / $200K Liability | Average Annual Premium$985 |
| $500K Dwelling / $250K Personal Property / $300K Liability | Average Annual Premium$1,681 |
| $750K Dwelling / $375K Personal Property / $500K Liability | Average Annual Premium$2,357 |
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.
| Vermont Mutual | Annual Premium$467 |
| Concord Group Insurance | Annual Premium$549 |
| Allstate | Annual Premium$769 |
| MMG Insurance | Annual Premium$889 |
| USAA | Annual Premium$901 |
| State Farm | Annual Premium$1,022 |
| Foremost Insurance | Annual Premium$1,193 |
| Travelers | Annual Premium$2,092 |
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.
| Poor | Annual Premium$2,496 |
| Below Fair | Annual Premium$1,866 |
| Fair | Annual Premium$1,381 |
| Good | Annual Premium$985 |
| Excellent | Annual Premium$661 |
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.
| $100K Dwelling / $50K Personal Property / $100K Liability | Annual Premium$541 |
| $250K Dwelling / $125K Personal Property / $200K Liability | Annual Premium$985 |
| $500K Dwelling / $250K Personal Property / $300K Liability | Annual Premium$1,681 |
| $750K Dwelling / $375K Personal Property / $500K Liability | Annual Premium$2,357 |
| $1M Dwelling / $500K Personal Property / $1M Liability | Annual Premium$3,088 |
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.
| Existing Construction (2000) | Annual Premium$985 |
| New Construction (2023) | Annual Premium$628 |
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.
| Claim free for 5+ years | Annual Premium$985 |
| 1 claim in past 5 years | Annual Premium$1,166 |
| 2 claims in past 5 years | Annual Premium$1,357 |
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.
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.
Assess how much coverage you need for your home and personal effects.
Get quotes from multiple insurers to compare home insurance prices to find the best coverage rates for your unique needs.
Ask the insurers about the discounts they offer. Many insurers are willing to give discounts for installing home security systems in your home.
Look into bundling your home and auto insurance for possible savings.
Look for a company with satisfactory customer service and claims ratings.
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.
Vermont homeowners can lower insurance costs with various discounts, such as.
Remember to inquire about potential discounts when requesting a quote.
In Vermont, Vermont Mutual offers the lowest average premium at $212 annually for a $100K dwelling, $50K personal property and $100K liability coverages. For more details on affordable options, explore cheap national providers.
Homeowners insurance in Vermont typically doesn't cover flooding. For flood protection, consider a separate flood insurance policy. Flood insurance can be purchased through the National Flood Insurance Program or a private flood insurer, and some home insurers offer it as an endorsement.
Credit rating is a significant factor, with excellent credit bringing premiums down to $661, while poor credit can increase them to $2,496.
Bundling home and auto insurance in Vermont can save an average of 20%, translating to annual savings between $316 and $371.
For those navigating the homeowners insurance landscape in Vermont, here's a curated list of resources that may prove invaluable:
About Mark Fitzpatrick
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.
