Cheapest Homeowners Insurance in Vermont (2024 Rates)


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ByMark Fitzpatrick
Edited byVictoria Copans
ByMark Fitzpatrick
Edited byVictoria Copans

Updated: May 22, 2024

Advertising & Editorial Disclosure

Vermont Mutual offers competitive rates for home insurance in Vermont for various scenarios, such as high-value homes, new properties and homeowners with poor credit. If you're looking for bundled coverage, however, State Farm stands out as the cheapest choice, providing comprehensive and cost-effective solutions for Vermont homeowners.

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2024

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Why Trust MoneyGeek? MoneyGeek used information from the Vermont Department of Financial Regulation and Quadrant Information Services to obtain data on insurance rates, discounts and more.

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These rates reflect the cheapest home insurance quotes in Vermont as of 2024.

Overall Cheapest Homeowners Insurance in Vermont

Vermont Mutual is the cheapest home insurance provider in Vermont, charging $212 per year for $100K in dwelling coverage. Premiums for home insurance vary based on the amount of dwelling coverage.

Here are the most affordable rates in Vermont for different dwelling coverage levels:

  • Cheapest for $100,000: Vermont Mutual at $212 per year
  • Cheapest for $250,000: Vermont Mutual at $467 per year
  • Cheapest for $500,000: Vermont Mutual at $761 per year

Shop and compare cheap home insurance using MoneyGeek's table below and check how rates differ per dwelling coverage limit.

Data filtered by:Results filtered by:
Coverages:
Coverages:$100K Dwelling / $50K Personal Property / $100K Liability
Construction Year:
Construction Year:2000
Vermont MutualAnnual Premium$212
Concord Group InsuranceAnnual Premium$385
MMG InsuranceAnnual Premium$411
AllstateAnnual Premium$468
Foremost InsuranceAnnual Premium$524
State FarmAnnual Premium$551
TravelersAnnual Premium$1,314

Compare Vermont Home Insurance Quotes Online

For residents in Vermont, the best way to find affordable home insurance is to check quotes from various insurers. MoneyGeek’s home insurance calculator offers a simple method to obtain Vermont quotes without needing to provide personal details.

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Rates updated:

Jun 13, 2024

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California
26-29
Excellent (750-850)
Home
$500,000
$500
$150,000
$100,000
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User Info
California
26-29
Excellent (750-850)
Home
$500,000
$500
$150,000
$100,000

Cheapest Home Insurance in Vermont for High-Value Homes

Vermont's most affordable insurer for high-value homes is Vermont Mutual, offering $1,129 annually for $750K in dwelling coverage. Higher-value homes generally require a higher dwelling coverage limit, which translates to higher premiums.

Vermont Mutual has the lowest rates for higher dwelling coverage limits:

  • Cheapest for $750,000: Vermont Mutual at $1,129 per year
  • Cheapest for $1,000,000: Vermont Mutual at $1,501 per year

When choosing dwelling coverage limits, base them on the cost to rebuild your home rather than your property's value. Check the table below to see how costs can change for high dwelling coverage limits.

Data filtered by:Results filtered by:
Coverages:
Coverages:$750K Dwelling / $375K Personal Property / $500K Liability
Construction Year:
Construction Year:2000
Vermont MutualAnnual Premium$1,129
Concord Group InsuranceAnnual Premium$1,176
AllstateAnnual Premium$1,558
State FarmAnnual Premium$2,292
Foremost InsuranceAnnual Premium$3,694
TravelersAnnual Premium$4,593

Cheapest Home Insurance in Vermont for New Homes

The cheapest home insurance for new homes in Vermont is from Vermont Mutual, with rates averaging $164 annually for $100K in dwelling coverage. It's often cheaper to insure newly built homes as the materials used to build them are stronger and more modern, thus decreasing the chance of damage.

Vermont Mutual offers the lowest premiums for most dwelling coverage limits in Vermont:

  • Cheapest for $100,000: Vermont Mutual at $164 per year
  • Cheapest for $250,000: Vermont Mutual at $436 per year
  • Cheapest for $500,000: Vermont Mutual at $674 per year

However, for higher limits, Concord Group Insurance is the cheapest. See how rates can differ for newly-constructed homes by dwelling coverage below.

Data filtered by:Results filtered by:
Coverages:
Coverages:$100K Dwelling / $50K Personal Property / $100K Liability
Vermont MutualAnnual Premium$164
MMG InsuranceAnnual Premium$315
Concord Group InsuranceAnnual Premium$321
AllstateAnnual Premium$330
State FarmAnnual Premium$331
Foremost InsuranceAnnual Premium$435
TravelersAnnual Premium$584

Cheapest Home Insurance in Vermont for Low Credit Scores

Vermont Mutual offers the most budget-friendly home insurance for those with poor credit scores in Vermont, with $100K in dwelling coverage for $488 per year. Home insurance providers use your credit score to determine premiums as it helps them assess the likelihood of a claim being filed based on your financial responsibility.

If you have poor credit in Vermont, here are the cheapest insurance companies for varying dwelling coverage limits:

  • Cheapest for $100,000: Vermont Mutual at $488 per year
  • Cheapest for $250,000 Concord Group Insurance at $852 per year
  • Cheapest for $500,000 Concord Group Insurance at $1,391 per year

Getting home insurance might be more expensive if you have a poor credit score in Vermont. Those with poor credit pay an average of $808 more per year than those with good credit for $100K in dwelling coverage.

Data filtered by:Results filtered by:
Credit Score:
Credit Score:Poor
Coverages:
Coverages:$100K Dwelling / $50K Personal Property / $100K Liability
Construction Year:
Construction Year:2000
Vermont MutualAnnual Premium$488
Concord Group InsuranceAnnual Premium$598
MMG InsuranceAnnual Premium$601
AllstateAnnual Premium$917
State FarmAnnual Premium$1,242
Foremost InsuranceAnnual Premium$1,516
TravelersAnnual Premium$4,158

Cheapest Home Insurance in Vermont with a Claims History

If you have one claim in the past five years in Vermont, the most affordable home insurance is from Vermont Mutual, with $100K in dwelling coverage costing an average of $247 per year. Home insurance providers use your claims history to determine premiums as it provides insight into the likelihood of future claims based on your past behavior.

Vermont Mutual is the cheapest option for most dwelling coverage limits for those with one claim in the past five years:

  • Cheapest for $100,000: Vermont Mutual at $247 per year
  • Cheapest for $250,000: Vermont Mutual at $544 per year
  • Cheapest for $500,000: Vermont Mutual at $888 per year

However, if you want to opt for limits of $750K and higher, Concord Group Insurance is the most affordable choice.

Maintaining a clean record is important to get lower premiums. If you have at least two claims in the past five years, expect to pay an average of $195 more per year for $100K in dwelling coverage compared to those with no claims in Vermont.

Data filtered by:Results filtered by:
Claims History:
Claims History:1 claim in past 5 years
Construction Year:
Construction Year:2000
Coverages:
Coverages:$100K Dwelling / $50K Personal Property / $100K Liability
Vermont MutualAnnual Premium$247
Concord Group InsuranceAnnual Premium$419
MMG InsuranceAnnual Premium$432
Foremost InsuranceAnnual Premium$600
AllstateAnnual Premium$618
State FarmAnnual Premium$629
TravelersAnnual Premium$1,570

Cheapest Home Insurance in Vermont by Home and Roof Materials

Home insurance can also vary depending on the type of construction and roofing materials. In Vermont, the cheapest company for those with shake-treated roof and frame construction type is Vermont Mutual, offering $212 per year for $100K in dwelling coverage. Construction and roofing materials are important for most insurance companies as weaker materials make the home more susceptible to fire and weather damage, leading to higher premiums.

Here are the most cost-effective companies for different coverage values in Vermont:

  • Cheapest for $100,000: Vermont Mutual at $212 per year
  • Cheapest for $250,000: Vermont Mutual at $467 per year
  • Cheapest for $500,000: Vermont Mutual at $761 per year

A superior construction type and tile roofing can save you $82 per year on average on home insurance. Investing in higher-grade construction materials is best to make your home less prone to damage and obtain cheaper insurance premiums.

Data filtered by:Results filtered by:
Home Construction Type:
Home Construction Type:Frame
Roof Material:
Roof Material:Shake-Treated
Coverages:
Coverages:$100K Dwelling / $50K Personal Property / $100K Liability
Vermont MutualAnnual Premium$212
Concord Group InsuranceAnnual Premium$385
MMG InsuranceAnnual Premium$411
AllstateAnnual Premium$493
Foremost InsuranceAnnual Premium$524
State FarmAnnual Premium$551
TravelersAnnual Premium$1,401

Cheapest Home Insurance in Vermont by Deductible

Changing your deductible can significantly lower your annual premiums. Vermont Mutual is the cheapest provider for various deductible amounts, with an average rate of $180 per year for a $2,000 deductible and $232 per year for a $500 deductible.

Here are the cheapest rates from Vermont Mutual for each deductible amount:

  • $2,000 deductible: Vermont Mutual at $180 per year
  • $1,500 deductible: Vermont Mutual at $212 per year
  • $1,000 deductible: Vermont Mutual at $212 per year
  • $500 deductible: Vermont Mutual at $232 per year

Your deductible is your contribution before the insurance covers the remaining costs. The average annual cost for a home insurance policy with a $500 deductible is $609, while for a $2,000 deductible, it's $529 — a savings of $126.

Data filtered by:Results filtered by:
Deductible:
Deductible:2000
Coverages:
Coverages:$100K Dwelling / $50K Personal Property / $100K Liability
Construction Year:
Construction Year:2000
Vermont MutualAnnual Premium$180
AllstateAnnual Premium$356
Concord Group InsuranceAnnual Premium$360
MMG InsuranceAnnual Premium$362
Foremost InsuranceAnnual Premium$493
State FarmAnnual Premium$508
TravelersAnnual Premium$1,120

Cheapest Home and Auto Insurance Bundle in Vermont

State Farm offers the most affordable bundle for home and auto insurance policies in Vermont with a $1,067 annual premium. You can get massive discounts when bundling home and auto insurance together. Here are other budget-friendly providers in Vermont:

  • State Farm at $1,067 per year
  • Concord Group at $1,269 per year
  • Allstate at $1,337 per year

Beyond cost savings, bundling eases the process, streamlining the management of both policies under one insurer and offering a single point of contact for all needs. Discover more options by exploring the best Vermont insurance bundle.

State FarmAnnual Premium$1,067
Concord GroupAnnual Premium$1,269
AllstateAnnual Premium$1,337

About Mark Fitzpatrick


Mark Fitzpatrick headshot

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.