Average Costs and Cheapest Homeowners Insurance Companies in Vermont

The cheapest insurance provider may change based on your specific needs and situation. In Vermont, Allstate is the most affordable for expensive homes or homeowners with poor credit. But for newer homes or pool owners, Travelers is the best. MoneyGeek analyzed and averaged thousands of quotes to find the cheapest companies in Vermont for you in this guide.

MoneyGeek used costs and service measures to break down the best homeowners insurance providers in Vermont if you want to balance cost and quality.

To find the cheapest home insurer in Vermont, MoneyGeek collected thousands of quotes and calculated average rates. Based on our findings, Allstate offers the most affordable homeowners insurance in Vermont for baseline dwelling coverage of $250,000 at an average cost of $983 per year.

For various dwelling coverage limits in Vermont, the cheapest companies are:

• Cheapest for $100,000: State Farm
• Cheapest for $250,000: Allstate
• Cheapest for $500,000: Allstate

The replacement cost of your home determines how much dwelling coverage you need. You can toggle the table below to see the cost of the dwelling coverage best suited for your needs.

On average, homeowners insurance in Vermont for baseline dwelling coverage of $250,000 costs $1,197 per year. However, the dwelling coverage you purchase may change the premium because it’s the most significant factor that affects home insurance rates. A higher dwelling coverage means your insurer protects you against more damages but charges you a more expensive rate for it.

In Vermont, the difference between the lowest and highest dwelling coverage is around $9,020. The average cost of homeowners insurance for dwelling coverage of $100,000 is $672 per year, while the average cost of a policy for $3,000,000 dwelling coverage is $9,692 per year.

Several factors can impact your home insurance costs in Vermont. Companies may consider the value of your dwelling, its age, its roof quality and your frequency of past claims to come up with a quote for a homeowners insurance policy.

You can adjust dwelling coverage limits, deductible and other limits to see how the average cost of homeowners insurance in Vermont can change depending on your needs.

MoneyGeek calculated average rates using thousands of quotes in Vermont to find the cheapest insurance providers for different dwelling coverages. Based on our analysis’ averages, the most affordable homeowners insurance in Vermont for an expensive home with dwelling coverage of $2,000,000 is through:

• Allstate: $3,864 per year
• State Farm: $6,141 per year

For expensive homes, insurance rates can vary greatly depending on dwelling coverage and the company providing the policy. That is why it’s best to compare quotes from different insurers when shopping around for a home insurance policy to find the cheapest for you.

MoneyGeek collected thousands of quotes for a sample home built in 2015 in Vermont and calculated average rates to find the cheapest insurance for newer homes with $250,000 dwelling coverage.

Based on average rates, the most affordable homeowners insurance in Vermont for newer homes with a baseline dwelling coverage of $250,000 is offered by:

• Travelers: $708 per year
• Allstate: $767 per year

The age of your home can influence the cost of your insurance premium. For example, newer homes in Vermont are around $313 cheaper to insure than those constructed in 2000.

It’s worth noting, however, that the numbers for these 2000 homes differ from the first section due to a different ZIP code collection process.

The cost of homeowners insurance in Vermont for newer homes is, on average, $821 per year. That is around $313 cheaper than the average annual rate for an older home built in 2000 of $1,134.

Older homes tend to be more expensive to insure because they may have less durable materials or the wear on the home over many years can lead to accidents, such as a burst pipe. As a result, insurers charge higher rates to offset the risks that older homes may carry.

MoneyGeek averaged thousands of quotes in Vermont from various insurance providers to determine the cheapest home insurance for pool owners.

Based on our analysis, the companies with the most affordable homeowners insurance in Vermont for those with a pool and baseline dwelling coverage of $250,000 are, on average:

• Travelers: $975 per year
• Allstate: $983 per year

Pools are considered an “attractive nuisance” and liability hazard since they can lead to accidents or injuries. With a pool, you need additional liability coverage for pool-related injuries and accidents, which means you pay a higher premium.

In Vermont, the average rate of homeowners insurance with a pool and baseline dwelling coverage of $250,000 is $1,134 per year. Without a pool, the same coverage limit is often the same price. Note that your home insurance costs can vary depending on several factors, including your preferred coverage limit and location in Vermont.

To determine the most affordable homeowners insurance in Vermont for those with poor credit, MoneyGeek calculated average rates based on thousands of quotes from different providers.

We found, on average, the cheapest companies in Vermont for homeowners with a poor credit score and baseline dwelling coverage of $250,000 are:

• Allstate: $983 per year
• Travelers: $1,246 per year

Your credit record may play a significant role in the cost of your home insurance premium. With a poor credit score, you may face higher rates than those with good to excellent credit. That’s because a poor score may reflect whether you pay bills on time or would need to file claims more often because of low income or savings.

A factor affecting the cost of your home insurance is your credit background. For example, homeowners with good credit in Vermont pay around $1,134 per year; meanwhile, the average cost of a policy for homeowners with poor credit is $1,416 per year. The difference is roughly $283.

The cost of homeowners insurance and the most affordable provider vary depending on where you live in Vermont. In Burlington City, the cheapest option for baseline dwelling coverage of $250,000 is Allstate. The insurer’s policy is around $214 cheaper than the city’s average rates across all companies.

To get a binding home insurance quote estimate from an insurance company in Vermont, you must provide your name, address, phone number and social security number. You also have to declare your home’s age, value and details about its construction materials, security measures and add-ons like a pool or solar panels. With these details, the provider can give you a personalized quote.

You can use MoneyGeek’s Vermont home insurance calculator to get a home insurance estimate anonymously. Our tool gives estimated costs based on the thousands of quotes that we compiled.

MoneyGeek analyzed homeowners insurance premiums from four of the top insurance companies in Vermont that were provided in partnership with Quadrant. Our analysis includes quotes from ZIP codes across Vermont. Quotes were gathered with an average home profile of 2,500 square feet, built in 2000, with an average dwelling coverage value of $250,000, liability coverage of $100,000 and personal property coverage of $100,000.