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Best homeowners insurance companies in Vermont for 2024

Mary Van Keuren has written for insurance domains such as Bankrate, Coverage.com, and The Simple Dollar for the past five years, specializing in home and auto insurance. She has also written extensively for consumer websites including Reviews.com and Slumber Yard. Prior to that, she worked as a writer in academia for several decades.

Lisa McArdle is an insurance editor who joined the Bankrate team in 2023. She has more than 15 years of experience writing, editing and managing content in a variety of industries, including insurance, auto news and pop culture.

Lisa McArdle is an insurance editor who joined the Bankrate team in 2023. She has more than 15 years of experience writing, editing and managing content in a variety of industries, including insurance, auto news and pop culture.

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At Bankrate, we strive to help you make smarter financial decisions. To help readers understand how insurance affects their finances, we have licensed insurance professionals on staff who have spent a combined 47 years in the auto, home and life insurance industries. While we adhere to strict  editorial integrity, this post may contain references to products from our partners. Here’s an explanation of  how we make money. Our content is backed by Coverage.com  LLC, a licensed entity (NPN: 19966249). For more information, please see our  Insurance Disclosure.

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Bankrate's insurance editorial team, which includes licensed property and casualty agents, took a close look at Vermont home insurance. We determined that the average homeowner in the Green Mountain State pays $799 annually for $250,000 in dwelling coverage — a rate that is less than half the national average of $2,151.

To help homeowners make the best decision with their own policy, we looked beyond average rate data and also analyzed coverage and discount options, digital tools, customer satisfaction scores and financial strength ratings to determine who is writing the best homeowners insurance in Vermont. The following companies stood out from the rest:

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

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Compare the best homeowners insurance companies in Vermont

It may be difficult to know which home insurance company could provide the best coverage for your home. Our top choices — USAA, Allstate, Travelers, State Farm and Vermont Mutual — provide a strong combination of coverage types, discounts and low premium rates for Vermonters. We also looked at third-party rankings from J.D. Power for customer satisfaction and AM Best for financial strength. Most of our chosen companies came in with average rates that are below the Vermont annual average of $799 for $300,000 in dwelling coverage. Our sample average rates were pulled from data supplied by Quadrant Information Services. The table below includes our picks for the best Vermont homeowners insurance companies.

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Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

The top 5 home insurance companies in Vermont

USAA

Best for military-focused coverage options

Average annual premium

Average annual premium

Why USAA made our list: USAA consistently scores highly with J.D. Power for customer satisfaction, but it is technically ineligible for ranking as it only writes policies for active-duty and retired military members and their immediate family. The carrier offers reasonable average rates for Vermont homeowners and a good range of coverage options, with military-focused coverage, like uniform insurance, included in standard policies. USAA offers a few discounts, including bundling and claims-free discounts, but local agents are limited. 

Who USAA may be good for: For Vermont residents who are active-duty members of the military, veterans or their immediate family, USAA may be worth considering.

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Allstate

Best for digital tools

Average annual premium

Average annual premium

Why Allstate made our list: Allstate offers competitive average rates in Vermont, and homeowners may be able to choose from a wide variety of add-on coverage types. Endorsements include sports equipment coverage, electronic data recovery and even homesharing coverage for policyholders who rent their home out through Airbnb or a similar program. Homeowners may save on their rate with discounts for remaining claims-free and installing protective devices. Allstate did come in slightly below average in the J.D. Power study, so potential customers may want to speak with existing policyholders about their experience. 

Who Allstate may be good for: Homeowners who value digital policy management may appreciate Allstate's robust tools. Homeowners who rent their home out via Airbnb may also be interested in the carrier's homesharing coverage option.

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Travelers

Best for policy customization

Average annual premium

Average annual premium

Why Travelers made our list: Travelers offers robust policy options that allow homeowners to customize their policies to meet their own needs. Potential endorsements include green home coverage, water backup and additional replacement cost coverage. There are a handful of ways you may save on your policy, including a bundling discount and one for protective devices such as smoke detectors. Travelers is one of the few insurers that offer both an endorsement and a discount to those who have a home that is certified green by the Leadership Energy and Environmental Design (LEED) organization. The carrier did score far below the J.D. Power segment average for customer service, which may be something to consider for homeowners who value service. 

Who Travelers may be good for: Travelers may be a good choice for you if you like to tweak the details of your policy to meet your own particular needs, especially if you own a LEED-certified home.

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State Farm

Best for local agents

Average annual premium

Average annual premium

Why State Farm made our list: State Farm is a well-known insurance company with local offices in 17 Vermont cities. The carrier's local agents may contribute to its high customer satisfaction score from J.D. Power. Although State Farm's average rates are more expensive than many other carriers on this list, homeowners may save on their premiums with a long list of discounts. Potential savings are available for bundling your policy and having a weather-resistant roof, among others. 

Who State Farm may be good for: Homeowners who appreciate doing their insurance business with a local agent with whom they can build a personal relationship may appreciate State Farm.

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Vermont Mutual

Best for Vermont-specific coverage options

Average annual premium

Average annual premium

Why Vermont Mutual made our list: Vermont Mutual is a regional insurance company headquartered in Montpelier that has been in business for nearly 200 years. As a smaller company, Vermont Mutual may not have as many endorsement options or digital tools as larger competitors, but it does advertise debris removal and identity fraud coverage add-ons. The Vermont-based carrier may have unique knowledge about the insurance needs of Vermont residents, and its average rates are highly competitive. 

Who Vermont Mutual may be good for: Homeowners looking for a local insurance company with unique knowledge of the Vermont home insurance landscape may choose Vermont Mutual as their company of choice.

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How Bankrate chose the best home insurance companies in Vermont 

At Bankrate, we understand that finding the best home insurance company is often about more than just price. In addition to average rates, we looked at coverage options, discounts, digital tools and third-party customer satisfaction scores and financial strength rankings to help you find the best company for your insurance needs. Weighing all these factors, we assigned each carrier a comprehensive Bankrate Score out of 5.0 points. We hope this Score will give you a holistic overview of each carrier as you narrow down your choices.

How much is home insurance in Vermont?

The average cost of homeowners insurance in Vermont is $799 per year for $300,000 in dwelling coverage. That is less than half the national average of $2,151 per year. Vermont also has the cheapest average home insurance rates in New England. For comparison, home insurance in Massachusetts costs an average of $1,606 per year, and in New Hampshire, it costs an average of $941 per year.

Vermont’s New England neighbors may pay higher homeowners insurance premiums because they face a greater risk of hurricane damage. According to the Insurance Information Institute, no Vermont homes face storm surge risk, while nearly 152,000 Massachusetts homes are at risk of a Category 4 hurricane. Vermont also has a lower crime rate than many nearby states. 

Your home insurance rates may vary from these averages based on your personal rating factors and the details of your home. The amount of dwelling coverage you have also causes rates to fluctuate. Below you can see average rates from the top home insurance companies in Vermont by coverage level.

How to find the best cheap home insurance in Vermont

Even with low average rates, many Vermonters may be looking for ways to save on their home insurance policy. These strategies may help you find lower rates:

Compare home insurance rates

Answer a few questions to see personalized rates from top carriers.

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Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

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Common home insurance discounts in Vermont

Another way to save money on your Vermont homeowners insurance may be through the use of discounts. Most insurers offer at least a few of these to policyholders, and it's one of the reasons why it may be a good idea to review your policy annually. Here are some of the common discounts you may see across multiple carriers:

Home insurance coverage options in Vermont

In addition to the standard coverage types included in a homeowners insurance policy, some homeowners in Vermont may want additional coverage. Available as endorsements or standalone policies, these add-ons may offer coverage in areas not included in a standard homeowners insurance policy, or they may offer enhanced coverage for existing coverage types. Common endorsements for Vermont homeowners may include: 

Frequently asked questions

How much homeowners insurance do you need?

Although homeowners insurance is rarely mandatory unless you have a mortgage, it can provide a great deal of financial safety. When home insurance companies calculate coverage for a new client, they often start with how much it would cost to replace the home completely. That is generally considered the baseline for how much home insurance you might need, with additional coverage options for things like water backup, personal property coverage and medical coverage added afterward. If your home isn't on a mortgage, how much coverage and what types you purchase will be up to you. It's vital, though, to keep in mind that anything not covered by your policy may end up costing you out of pocket.

Although homeowners insurance is rarely mandatory unless you have a mortgage, it can provide a great deal of financial safety. When home insurance companies calculate coverage for a new client, they often start with how much it would cost to replace the home completely. That is generally considered the baseline for how much home insurance you might need, with additional coverage options for things like water backup, personal property coverage and medical coverage added afterward. If your home isn't on a mortgage, how much coverage and what types you purchase will be up to you. It's vital, though, to keep in mind that anything not covered by your policy may end up costing you out of pocket.

What is the best home insurance company in Vermont?

Home insurance needs and rates can both be highly personalized. As a result, the best home insurance company for one homeowner may not be the best for another. Experts recommend shopping around between several contenders and requesting free quotes for comparison. It can help first to make a short list of companies specializing in any less common coverage you might want or need. Once your needs are lined up, you can pull quotes from home insurance companies and compare the rates offered. That allows you to specify your coverage needs and see which company will meet them at the most affordable rate.

Home insurance needs and rates can both be highly personalized. As a result, the best home insurance company for one homeowner may not be the best for another. Experts recommend shopping around between several contenders and requesting free quotes for comparison. It can help first to make a short list of companies specializing in any less common coverage you might want or need. Once your needs are lined up, you can pull quotes from home insurance companies and compare the rates offered. That allows you to specify your coverage needs and see which company will meet them at the most affordable rate.

What is the cheapest homeowners insurance company in Vermont?

Since every premium is based on information that is specific to you and your property, the insurer who gave your neighbor a low rate may not be able to do the same for you. This is why most insurance experts recommend comparing several quotes from different carriers when you are looking for the cheapest homeowners insurance in Vermont.

Since every premium is based on information that is specific to you and your property, the insurer who gave your neighbor a low rate may not be able to do the same for you. This is why most insurance experts recommend comparing several quotes from different carriers when you are looking for the cheapest homeowners insurance in Vermont.

Is Vermont homeowners insurance expensive?

In general, no. Vermont homeowners tend to pay below-average rates for homeowners insurance. That said, your rates may fluctuate greatly from average premiums. The rate you pay will depend on several factors, including your personal rating factors, the location of your home, its age and construction and its proximity to a fire station. Adding optional coverage types, like flood insurance, will likely increase your rate.

In general, no. Vermont homeowners tend to pay below-average rates for homeowners insurance. That said, your rates may fluctuate greatly from average premiums. The rate you pay will depend on several factors, including your personal rating factors, the location of your home, its age and construction and its proximity to a fire station. Adding optional coverage types, like flood insurance, will likely increase your rate.

Methodology

Bankrate utilizes Quadrant Information Services to analyze April 2024 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on married male and female homeowners with a clean claim history, good credit and the following coverage limits:

The homeowners also have a $1,000 deductible, a $500 hail deductible and a 2 percent hurricane deductible (or the next closest deductible amounts that are available) where separate deductibles apply. 

These are sample rates and should be used for comparative purposes only. Your quotes will differ.

Bankrate Scores

Mary Van Keuren has written for insurance domains such as Bankrate, Coverage.com, and The Simple Dollar for the past five years, specializing in home and auto insurance. She has also written extensively for consumer websites including Reviews.com and Slumber Yard. Prior to that, she worked as a writer in academia for several decades.

Lisa McArdle is an insurance editor who joined the Bankrate team in 2023. She has more than 15 years of experience writing, editing and managing content in a variety of industries, including insurance, auto news and pop culture.

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