Updated: December 4, 2024
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State Farm is the top home insurance provider in Vermont, balancing cost efficiency and customer satisfaction. Vermont Mutual is the most affordable option, while Concord Group Insurance is best for new homes. We used a $100,000 dwelling coverage limit in our comparisons, but your premium may vary with a different coverage amount.
MoneyGeek also reviewed the cheapest home insurance in Vermont for budget-conscious homeowners.
In Vermont, State Farm emerges as the best overall homeowners insurance provider, earning a MoneyGeek score of 83 out of 100, balancing cost efficiency with top-notch customer service at $551 per year. Vermont Mutual is the runner-up, rated at 79 out of 100, offering the most affordable rates at $212 per year. When selecting an insurance provider, consider the trade-off between cost and service quality to find the best fit for your needs.
In Vermont, Vermont Mutual offers the cheapest homeowners insurance at an annual cost of $212, providing budget-conscious homeowners with an affordable option without compromising on service quality. State Farm is a notable runner-up, balancing affordability with excellent customer service.
For exceptional customer service in Vermont, State Farm stands out as the best homeowners insurance provider with a MoneyGeek score of 82 out of 100. Following closely behind is Vermont Mutual, which is the runner-up with a score of 79. Both companies offer a strong balance of reliable service and coverage options that cater to different homeowner needs.
Why Trust MoneyGeek? We analyzed data from the Vermont Insurance Division and Quadrant Information Services to identify the best homeowners insurance options in the state.
Home insurance rates in Vermont represent the latest quotes as of July 2024.
State Farm offers the best homeowners insurance in Vermont.
When choosing an insurance provider, consider affordability and service quality to find the right balance for your needs. It's not just about the lowest price but also having reliable coverage and support.
State Farm leads with a perfect customer satisfaction score (30 out of 30) and an average annual premium of $551.
State Farm's roof replacement cost discount lowers premiums for roofs meeting high safety and quality standards. It also offers earthquake coverage that protects against seismic events and mudslides.
State Farm provides the best service quality among home insurance companies in Vermont.
Prioritizing service quality means choosing a home insurance provider with responsive customer support, smooth claim processing and customizable coverage. Prompt and supportive responses are crucial during stressful times like natural disasters.
State Farm achieves a perfect customer satisfaction score of 65 out of 65, reflecting excellent service. Its building ordinance or law coverage protects against increased costs from local building codes. State Farm also offers coverage that safeguards against financial loss due to earthquakes or mudslides.
Vermont Mutual has the cheapest homeowners insurance in Vermont.
The lowest premiums don’t always mean the best service quality. When evaluating the average cost of home insurance in Vermont, homeowners should balance affordable rates with reliable service.
Vermont Mutual is ideal for budget-conscious homeowners, with a perfect affordability score of 75 out of 75 and an average annual premium of $212.
Vermont Mutual's equipment breakdown coverage protects against unexpected mechanical failures. Its backup of sewer or drain coverage covers water damage from sewer or drainage issues.
State Farm offers the best option for homeowners with high-value properties in Vermont. Check out these top choices for homes needing $1 million in dwelling coverage:
For high-value homes, it's crucial to get enough coverage without overspending. Homeowners should choose an insurance provider with a good balance of value and quality.
State Farm offers Vermont's best high-value home insurance, with a strong affordability score of 45 out of 55 and an average annual premium of $2,911.
Homeowners reduce costs through discounts, like one for installing security systems and fire alarms. Add-ons include earthquake coverage for natural disasters and scheduled personal property coverage for valuables like jewelry and electronics.
Concord Group Insurance offers the best insurance for those with new homes in Vermont.
Concord Group Insurance achieves perfect scores for affordability and coverages, reflecting an excellent mix of cost efficiency and protection.
Concord Group Insurance is the best choice for new homeowners, scoring perfectly for affordability (55 out of 55) and coverages (10 out of 10). Its average annual premium is $657.
Concord's guaranteed replacement cost add-on covers full home reconstruction regardless of policy limits. It also provides discounts for installing an automatic backup generator and owning a home outright.
USAA provides the best homeowners insurance for veterans and military families in Vermont.
USAA addresses the unique needs of military families, such as frequent moves and deployments, and ensures thorough protection for their homes and belongings.
USAA, exclusively serving military members and their families, earns an affordability score of 47 out of 55 and a perfect customer claims satisfaction score of 30 out of 30. The average annual premium is $464.
USAA’s personal property replacement cost coverage replaces possessions at their current value without deducting for depreciation. Discounts for smart home technology users and long-term policyholders are also available.
The best homeowners insurance companies balance strong coverage and excellent customer service with affordable premiums. To find the right policy for you, follow these steps:
Determine how much home insurance coverage you need. Consider your home's value, personal belongings and location-specific risks to ensure an accurate assessment.
Look into reputable insurers, focusing on their track records, customer service, response times and financial stability. Check each provider's strengths and shortcomings.
Compare home insurance quotes to ensure you get the best deal. Look beyond the premiums and consider deductibles, policy limits and exclusions.
Review policies carefully to understand the coverage limits, deductibles, exclusions and the claims process that affect coverages and out-of-pocket costs.
An impartial insurance agent can clarify policy details, provide personalized advice and help you navigate the insurance market.
Flood insurance is not mandated for Vermont homeowners by law. Yet, it’s beneficial to have flood insurance in Vermont to cover any flood-related repair costs.
Choosing the best homeowners insurance provider depends on your needs and budget. Here are answers to common questions about home insurance in Vermont to guide you.
State Farm is the overall best home insurance provider in Vermont, with a MoneyGeek score of 83 out of 100 and an average annual premium of $551.
Vermont Mutual offers the cheapest homeowners insurance in Vermont, with an average annual premium of $212. Homeowners who qualify for discounts may lower their costs further.
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He 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.
