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Vermont Homeowners Insurance Quotes
The Green Mountain State, as Vermont is known, is a great place to visit or call home. Vermont is a haven for outdoor enthusiasts and is exciting in all four seasons.
In summer you can head out to the mountains for some hiking, or kayak one of our numerous rivers or lakes. Fall is leafing season and no state puts on a show of color quite like Vermont. Wintertime is a great time to head up to the mountains for skiing and snowboarding or just to soak in the winter wonderland.
When it’s time to head back indoors, Vermont is bursting at the seams with quaint villages that offer unique art, cultural and historical sites. Shopping is always an option, regardless of whether you are in our largest city of Burlington or the more rural Bennington. The same goes for restaurants, art galleries and museums, whatever you are looking for, Vermont has it in spades.
If you are looking to move to our great state, you can’t go wrong. Burlington, a city of 42,000 is a great place to live and work, offering plenty of big city charm in a small package. Rutland, offers plenty of small town charm and Bennington is home to Southern Vermont University if a collegiate town is more your speed.
Vermont Facts
If you are moving to Vermont, here are a few facts about our great state:
The Green Mountain state is currently home to 625,741 people, which works out to about 1,386 households per zip code. The average household size comes in at 3 people. Housing is extremely affordable in Vermont where the average house value is only $93,917. The average household income is a bit below the national average, with a median of $35,923.Vermont currently has 322,539 total housing units with 256,442 being occupied.
Homeowners Insurance in Vermont
Residents of Vermont are also lucky when it comes to the cost of homeowners insurance. The average annual premium is an extremely affordable $814, which is well below the national average of $1,034, making the Green Mountain state 25.7 percent cheaper than the national median.Vermont currently ranks 41st in the country for the cost of homeowners insurance.
Despite the fact that Vermont residents are already receiving a good deal on homeowners coverage, there is always room for improvement. Here are a few tips to help lower your premium:
- Maintain Your Credit Score: Insurers love statistics and stats show that consumers with high credit scores tend to make fewer claims than those with poor credit scores. If you have a low credit score you will pay more for insurance so do your best to improve your score. Pay your bills on time, and monitor your score, as it improves, ask your agent to shop your coverage.
- Discounts: Discounts can result in big savings and insurers offer tons of discounts. Ask your insurance agent to verify that you are getting all of the discounts that you are qualified to receive. Common discounts include bundling, paperless policies, paying your entire yearly premium at once as well as upgrading your home with wind resistant materials.
- Shop Your Coverage: Experts recommend shopping your coverage once a year. Insurers rate risk differently so there can be huge variances in quotes. Make sure you are comparing apples to apples in regards to coverage levels and discounts. We can help make the process easier by sending your information to our national insurance partners who will send their best quotes directly to your inbox.
Know What Type and Coverage Levels You Need
Before you start shopping your coverage you should know what type of policy you need as well as optimal coverage levels. Here is a quick overview of the most common types of homeowner policies:
- HO-3: This is a standard homeowner policy. It is an exclusion policy, which means it covers all perils except those specifically excluded by the policy. Flood and earthquake damage are always excluded but most policies have other exclusions. Read your policy in full before signing on the dotted line.
- H0-6: This policy type covers co-ops and condos. It offers coverage for your personal possessions as well as the parts of the building that you actually own such as the walls and the electrical components in your unit. These policies only cover the 16 perils that are listed in the policy.
- HO-2: This is a very basic policy and only covers the listed perils in the policy. It does offers protection for your personal possessions. This policy type is not really recommended except for the very basic of coverages.
Factors to Consider in Vermont
While Vermont is a great place to live, we are not immune to severe weather, which can push up home insurance rates.
Severe weather such as blizzards, thunderstorms and even tornadoes have struck the Green Mountain state.
While you can’t control the weather, outfitting your home with weather resistant materials can result in a significant discounts. Weather resistant roofing, storm shutters and even a sprinkler system can dramatically lower your premiums.
If you are considering making Vermont your home, you are going to need a new Vermont homeowners insurance policy. We can help you find great coverage at a fair price.
Start shopping now for a fantastic new policy.
Average Homeowners Insurance Premiums in Vermont
With over 95% of all Americans are known to have homeowners insurance coverage, it's important to know what Vermont homeowners are paying on average. Did you know that the average homeowners insurance premium in Vermont is $984? Vermont is now ranked 39 in the country. The country wide average for homeowners in the United States is $1,311. This means the average home insurance premium in Vermont is 24.94% less than the national average.
| Year | Average Annual Premium | Average Monthly Premium | State Rank (Overall) |
|---|---|---|---|
| 2020 | $984 (3.9%) | $ 82 | 39 |
| 2019 | $947 (1.3%) | $ 79 | 40 |
| 2018 | $935 (1.83%) | $ 78 | 41 |
| 2017 | $918 (2.2%) | $ 77 | 41 |
| 2016 | $898 (2.82%) | $ 75 | 41 |
When we combine the state averages over the last decade, the Vermont overall average is estimated to be around $898.33. Our homeowners insurance quoting and rating process helps you compare homeowners insurance quotes, coverages and premiums. Vermont current state rank compare to the rest of the country is #39. Consider shopping your Vermont home insurance with us so we can help you save up to 40% or more on your policy.
Find Local VT Homeowners Insurance Quotes & Coverage
For more information on homeowners insurance in your area, choose a county below:
Vermont Homeowners Insurance News & Information
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Homeowners Shopping Rates Due to Rise in Premiums Posted on Monday 23rd September, 2024
According to the recently released J.D. Power 2024 U.S. Home Insurance Study a nationwide rise in premiums has driven many customers to shop for new policies as their rates are now too high. “’The average shopping rate among home insurance customers has climbed to a record high of 6.8% through the second quarter of 2024, […]
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Where is it cheaper to rent than to buy a home in the United States? Posted on Thursday 5th September, 2024
According to a new study from Clever Real Estate, a St. Louis-based real estate company, monthly rent costs are actually cheaper than a monthly mortgage payment in 48 of the 50 most populous cities in the United States. Their analysis looked at mortgage principals, interest, taxes as well as homeowners insurance and they found that […]
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Review How Many Homeowners Are Not Insured Per State Posted on Thursday 29th August, 2024
One of the major costs of owning a home is protecting it with homeowners insurance. This will ensure your home is repaired or rebuilt if it is damage or destroyed by a covered peril. It also helps protect you against lawsuits, theft and even vandalism. If you have a mortgage on your home, your lender […]
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Are homeowners insurance companies increasing deductibles? Posted on Thursday 22nd August, 2024
This year many homeowner insurance companies have been raising their homeowner percentage deductible from 1% to 2% which could be a massive increase for policyholders who have to make a claim on their policy. It has led to many homeowners shopping their coverage as their out-of-pocket costs skyrocket. As the cost of claims increases, particularly […]
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Homeowners in Texas are Seeing Home Insurance Rates Increase Posted on Wednesday 7th August, 2024
Homeowners in Texas are feeling the squeeze as homeowner insurance rates continue to climb. In a recent NBC 5 Investigates article, they looked at just how dramatic recent rate increases have been across Texas. Melinda Clifton has seen destructive weather cause hail damage to her roof three times in the last twenty years according to […]
Vermont Housing & Real Estate Data
| Details: | Staticstics |
|---|---|
| Total Housing Units | 322539 |
| Occupied Housing Units | 256442 |
| Vacant Housing Units | 66097 |
| Vacant Housing Units for Rent | 5635 |
| Vacant Housing Units Rented Not Occupied | 597 |
| Vacant Housing Units For Sale | 3598 |
| Vacant Housing Units Sold Not Occupied | 615 |
| Vacant Housing Units For Seasonal Occasional Use | 50198 |
| Vacant Housing Units All Other Vacants | 5454 |
| Housing Units Homeowner Vacancy Rate Percent | 1.9 |
| Housing Units Rental Vacancy Rate Percent | 6.9 |
| Housing Tenure Occupied Units | 256442 |
| Housing Tenure Occupied Units Owner Occupied | 181407 |
| Housing Tenure Occupied Units Owner Occupied Population | 444608 |
| Housing Tenure Occupied Units Owner Occupied Averge Household Size | 2.45 |
| Housing Tenure Occupied Units Renter Occupied | 75035 |
| Housing Tenure Occupied Units Renter Occupied Population | 155804 |
| Housing Tenure Occupied Units Renter Occupied Average Household Size | 2.08 |
Understanding Vermont Homeowners Insurance
When shopping for Vermont homeowners insurance quotes you should be aware of the various types of insurance policies that are available in your area:
- HO-3: This is the most common type of homeowers policy. This policy type protects your home against all perils, except ones that are specifically excluded. In most cases earthquake and flood damage are excluded.
- H0-6: This policy type is specifically written for condos or co-ops. If you own a condo or live in a co-op building this type of policy is a necessity. A HO-6 policy covers both your personal belongings and the structural parts of the building that you own. There are 16 disasters listed on a typical policy that HO-6 protects against.
- HO-4: If you are looking for Vermont renters insurance, a HO-4 policy is a great option. Renters insurance will cover your contents as well as offer liability coverage in the event a person is injured in your apartment.
While other types of policies exist, these are the most common ones. A HO-2 is a more basic policy that offers reduced coverage levels and a HO-5 is a high-end policy that offers increased protection.
If you are shopping for a new home in Vermont, homeowners insurance is a must do. We can help you find the perfect policy for your new home, regardless of whether you need a standard HO-3 policy, HO-6 or renters insurance, our site makes shopping for homeowners insurance quotes easy. Visit our online quoting application today and let us help you shop and compare up to 12 different Vermont rates and coverage options.