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Vermont homeowners insurance: what you need to know

The average cost of home insurance in Vermont is $733 per year or $61 per month. This places Vermont among the states with the lowest prices for home insurance in the country. Unlike car insurance, home insurance is not governed by state legislation. Even so, major discrepancies exist in home insurance costs from state to state. Home insurance policy prices in states diverge based on the value of — and frequency of — homeowners claims filed statewide, and also on the value of the belongings and dwelling you're insuring.

Homeowners insurance is an optional — but important — product that works to keep your belongings safe in the event your house or property suffers damage from common incidents. The easiest way to find affordable homeowners insurance in Vermont is to compare rates and consider policies from multiple companies.

Get an idea of how much home insurance costs in Vermont via the below data. 

 
Table of contents:
  1. Rates by company
  2. Rates by coverage amount
  3. Rates by deductible amount
  4. Rates by city
  5. Bundling savings
  6. Frequently asked questions
  7. Natural disaster coverage

 

The cheapest home insurance companies in Vermont

Homeowners insurance rates in Vermont will vary depending on which insurance company you choose. Safeco sells the cheapest home insurance in Vermont, at just $315 each year. This is less than the state's average cost of $733, providing a $418 discount on average statewide homeowners insurance costs.

Begin your search for cheap home insurance by reviewing the best Vermont home insurance carriers, listed below. You can also check out our guide to the best home insurance companies based in part on the results of The Zebra's Customer Satisfaction Survey.

 
AFFORDABLE HOME INSURERS IN VERMONT
Insurance Company Average Yearly Rate in Vermont
Safeco $315
Vermont $495
Allstate $515
Concord $555
State Farm $692
 

Vermont home insurance prices by coverage levels

How much you spend on home insurance coverage is greatly affected by the level of coverage you choose. Homeowners in Vermont who carry $100,000 of dwelling coverage pay an average of $336 per year, while those with dwelling coverage of $400,000 pay around $972 per year.

 
POPULAR COVERAGE LIMITS IN VERMONT
Coverage Level Average Annual Cost
$100,000 Dwelling $336
$200,000 Dwelling $533
$250,000 Dwelling $664
$400,000 Dwelling $972
 

Homeowners insurance deductibles in Vermont

Among the plethora of decisions homeowners face when shopping for homeowners insurance is where to set the deductible. A homeowners deductible is how much your insurance requires you to pay out of pocket toward a claim. The deductible level you choose can major impact on your homeowners insurance rates.

When thinking about your deductible, a good rule of thumb is that the lower your deductible, the higher your premiums. Therefore, consider a higher deductible if your are hoping to lock in lower home insurance premiums. Bear in mind: your homeowners deductible should not be set at an amount that you would have difficulty paying in the event of a loss.

The following table outlines the typical premium costs affiliated with deductibles offered by most home insurers.

 
HOME INSURANCE PREMIUMS BY DEDUCTIBLE IN VERMONT
Deductible Tier Average Annual Homeowners Insurance Rate
$500 $735
$1,000 $664
$1,500 $634
$2,000 $574
$5,000 $501

 

Vermont homeowners insurance costs by city

Not all Vermont cities have the same home insurance rates. Prices may depend on city-specific variables, such as the number of homeowners claims filed nearby, meaning your specific ZIP code impact how much you pay.

The cheapest homeowners insurance in Vermont is available in Winooski. An average home insurance policy in Winooski costs just $682 each year — $51 less than the average Vermont rate. The below table shows the best places to live in Vermont if you’re looking for cheap homeowners insurance.

 
CHEAPEST CITIES FOR HOMEOWNERS INSURANCE IN VERMONT
City Average 12-Month Home Insurance Rate
Winooski $682
South Burlington $686
Essex Junction $697
Burlington $720
Barre $728

 

Home and auto insurance bundling in Vermont

If you want to save on home insurance, consider holding your car and homeowners policies with the same insurance company. Bundling auto and homeowners insurance in Vermont can lead to substantial savings on your auto insurance policy. Bundling policies in Vermont leads to a yearly discount of $114.

 
HOME AND AUTO BUNDLING DISCOUNTS IN VERMONT

Avg. Annual Rate (No Bundle)

Avg. Annual Rate (w/ Bundle)

Annual Savings ($)

Annual Savings (%)

$1,053 $939 $114 12%
 

 

Vermont homeowners insurance FAQs

 

Does Metlife offer homeowners insurance in Vermont?

Yes - Metlife provides homeowners insurance in the state of Vermont.

Is home insurance required in Vermont?

The state of Vermont does not require you to have homeowners insurance. Bear in mind, however, that many mortgage lenders so require you to purchase and maintain the coverage as a part of your lending agreement.

 


 

Natural disaster coverage in Vermont

 

Does homeowners insurance cover flooding in Vermont

Regardless of cause, flood damage is not covered by homeowners insurance policies in Vermont or any other state. To insure your home against flood damage, acquire insurance through FEMA's National Flood Insurance Program (NFIP) or via a private insurer. 

Flood insurance coverage from private companies may vary, but NFIP flood insurance covers:

  • $250,000 for your home’s structure
  • $100,000 for your personal property

If the value of your personal property and home exceeds these limits, consider purchasing a flood insurance policy from our partners at Neptune for additional protection.

Find an affordable homeowners policy in Vermont today!

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Kristine Lee photo
Kristine LeeManager, Content and Data

Kristine is a licensed insurance agent who joined The Zebra in 2019 as an in-house content researcher and writer. Before joining The Zebra, she was a freelance copywriter for over five years. 

She is an authority on all things insurance and covers the ins and outs of auto, home, life and renters insurance. Her specialty is in providing data-backed insights and information to help insurance shoppers make informed decisions.

Kristine's insurance expertise and research have been cited by publications such as CNBC, BadCredit.orgCar and Driver, Business Insider, Yahoo!, The Balance, Nationwide and Elephant.

About The Zebra

The Zebra is not an insurance company. We publish data-backed, expert-reviewed resources to help consumers make more informed insurance decisions.