If you’re shopping for homeowners insurance in Vermont, we recommend checking out Vermont Mutual Insurance and Concord Group Insurance. Both companies offer low premiums, which is ideal for Vermont homeowners who are looking for cheap home insurance.
To compile our list of the best home insurance companies in Vermont, we reviewed the biggest providers in the state based on average rates, coverage options, and discounts. Six companies stood out as the best.
The 6 Best Homeowners Insurance Companies in Vermont
Compare Vermont’s top insurance companies
| Average Price | AM Best Financial Strength | J.D. Power Overall Customer Satisfaction | |
| Vermont Mutual Insurance Group | $322 | A+ | N/A |
| Concord Group Insurance | $469 | A | N/A |
| Travelers | $512 | A++ | 796/1,000 |
| MMG Insurance | $612 | A | N/A |
| Union Mutual | $643 | A- | N/A |
| USAA | $653 | A++ | 878/1,000 |
Best Vermont Homeowners Insurance Companies
Vermont Mutual Insurance
Vermont Mutual consistently offers low rates for homeowners in Vermont, but the coverage is pretty basic and the discounts are limited.
Vermont Mutual Insurance Group
Best for Affordable Policies
Why we chose it
Why we chose it
Pros
- Affordable premiums
- Customer portal makes it easy to manage your policy
Cons
- Sparse website
- Few discounts
Discounts available
- Bundle home and auto
Unique features
Vermont Mutual Insurance offers three tiers of Home Broadening Endorsements, which are meant to fill gaps in your home insurance coverage for things like home systems protection.
Concord Group Insurance
Concord Group offers low premiums, a variety of discounts, and great coverage options. If you prefer to work with an agent, Concord Group is a good option.
Concord Group Insurance
Best for Add-on Coverage
Why we chose it
Why we chose it
Pros
- Excellent add-on coverages
- Wide variety of discounts
Cons
- Poor customer service
- Have to work with an agent
Discounts available
- Advance quote
- New home
- Claims-free
- Auto pay
- Protective devices
Unique features
Concord Group offers an optional coverage called the Green Endorsement, which provides up to $20,000 to rebuild your home with eco-friendly materials and energy-saving systems.
Travelers
Travelers is a national home insurance provider known for offering decently low rates and good coverage options. It’s also one of the few companies on our list that allows policyholders to manage their policy almost entirely online, from getting a quote to updating your coverage limits.
Travelers
Best for Online Policy Management
Why we chose it
Why we chose it
Pros
- Manage your policy online
- Multiple discounts
Cons
- More expensive premiums
- Not local to Vermont
Discounts available
- Multi-policy
- New home
- Loss-free
- Protective device
- Green home
Unique features
Travelers’ OpenHouse database allows home buyers to see the loss and repair history of properties they’re looking at, as well as property trends in certain neighborhoods.
*J.D. Power 2019 Home Insurance Customer Satisfaction Survey, based on a 1,000-point scale
Further Reading on Travelers:
- Travelers homeowners insurance review
- Travelers renters insurance review
- Travelers auto insurance review
MMG Insurance
MMG Insurance stands out for its excellent financial strength, with an A rating from A.M. Best. We also found that MMG Insurance has great customer service reviews, which can be hard to find in the insurance industry.
MMG
Best for Customer Service
Why we chose it
Why we chose it
Pros
- Excellent financial strength
- Good customer reviews
Cons
- Expensive premiums
- Few discounts
Discounts available
- Policy bundling
Unique features
MMG Insurance offers two coverage tiers — Home Advantage and Home Advantage Ultra — which includes increased coverage for things like valuables, watercrafts, medical payments, computer coverage, and much more.
Union Mutual Insurance
Union Mutual Insurance offers a wide variety of discounts that can help Vermont homeowners lower their premiums. However, their rates are more expensive to begin with.
Union Mutual
Best for Discounts
Why we chose it
Why we chose it
Pros
- Great discounts
- Variety of coverage options
- Bundling options
Cons
- More expensive premiums
Discounts available
- In-home generator
- Policy bundling
- Loyalty
- Standing seam roof
- New home
Unique features
Union Mutual offers a number of different home insurance policies, including some that are hard to find. For example, high-risk homeowners can purchase HO-2 coverage from Union Mutual, which is typically hard to find.
USAA
USAA appears at the top of rating lists for its excellent customer service, comprehensive policies, and fair prices. The only catch is that you must be a current or former member of the military community to purchase a policy — but if you are, the company should be your first stop.
USAA
Best for Military Members and Families
Why we chose it
Why we chose it
Pros
Cons
*J.D. Power 2019 Home Insurance Customer Satisfaction Survey, based on a 1,000-point scale
Further Reading on USAA:
Average Cost of Homeowners Insurance in Vermont
In Vermont, the average cost of homeowners insurance is $918 per year, according to the Insurance Information Institute. Generally speaking, home insurance in Vermont is cheap — it ranks as the 41th most expensive state for insurance, meaning only eight states have cheaper rates. In comparison, the nationwide average rate is $1,211 per year.
Home Insurance Add-Ons That Will Further Protect You
Vermont homeowners can choose to purchase add-on policies to boost their home insurance coverage. Some common add-on policies are water backup coverage, replacement cost coverage, inflation guard protection, and identity theft coverage. If you keep valuables in your home, consider adding scheduled personal property coverage, which raises your coverage limit for things like jewelry, art, and coins.
The Cheapest Homeowner Insurance Companies in Vermont
| Largest Companies by Market Share in Vermont | Average Annual Premium |
| Vermont Mutual Insurance Group | $322 |
| Concord Group Insurance | $469 |
| Travelers | $512 |
| MMG Insurance | $612 |
| Union Mutual | $643 |
| USAA | $653 |
| Allstate | $665 |
| State Farm | $796 |
| Co Operative Insurance | $867 |
Cost of Homeowners Insurance by Age of Home
| Age of Home (years) | Sample Annual Premium |
| 5 years | $614 |
| 20 years | $770 |
| 35 years | $775 |
| 50 years | $776 |
| Average across ages | $734 |
Top 3 Cheapest Homeowners Insurance Companies in Vermont
- Vermont Mutual Insurance – $322
- Concord Group Insurance – $469
- Travelers – $512
Top 3 Most Expensive Homeowners Insurance Companies in Vermont
- MMG Insurance – $612
- Union Mutual Insurance – $643
- USAA – $653
Resources Helpful for Vermont Homeowners
Vermont home buyers can check out this home insurance buyer’s guide from Vermont’s Department of Financial Regulation. It includes answers to frequently asked questions, a breakdown of policies, coverage options, and more. Before you purchase a policy, we recommend getting quotes from a few different providers. For the most accurate rate, contact an agent directly.
Homeowners Insurance FAQ
Is homeowners insurance required in Vermont?
No, homeowners insurance is not required in Vermont. However, most mortgage lenders will require you to have a minimum amount of home insurance before they approve your loan. Even if you don’t have a loan, getting homeowners insurance is still a smart precaution.
What is the cheapest homeowners insurance in Vermont?
Based on our evaluation, the cheapest homeowners insurance in Vermont is Vermont Mutual Insurance. But remember that insurance is very personalized. The only way to know which provider is the cheapest for you is to get and compare multiple quotes.
Methodology
We evaluated the companies based on their customer rating and experience, financial stability, and coverage to determine the best providers. To compare home insurance companies across the board, we then calculated a Reviews.com score based on the following:
- Customer Ratings — Customer ratings are an indication of satisfaction with the process of filing a claim. We measured this using J.D. Power Homeowners Satisfaction ratings.
- Coverage — As there isn’t one company to fit everyone’s needs, we evaluated companies by the amount of coverage options and add-ons available.
- Confidence — It is extremely important for insurance companies to fulfill customers’ claims. Companies with sound financial strength will not have issues paying out claims, regardless of the amount. However, companies with weak financial strength might not be able to pay out claims. We measured this using AM Best’s ratings, which specializes in assessing the financial strength of insurance companies.
- Customer Experience — The amount of complaints a company receives is an indicator of the overall customer experience as it expresses dissatisfaction. We have based this measure on the NAIC National Complaint Index.
About the Authors
Elizabeth Rivelli is a Rhode Island-based copywriter and content marketing consultant. She has expertise writing about home, auto and business insurance, and has been published in widely-read publications, including the Simple Dollar, Bankrate and Decision Data. Elizabeth holds a BA in Communications from Northeastern University in Boston.
