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. Five companies stood out as the best.
The 5 Best Homeowners Insurance Companies in Vermont
Compare Vermont’s top insurance companies
| Average Annual Premium* | AM Best Financial Strength | J.D. Power Overall Customer Satisfaction** | |
| Vermont Mutual Insurance Group | $399 | A+ | N/A |
| Concord Group Insurance | $533 | A | N/A |
| Travelers | $635 | A++ | 796/1,000 |
| MMG Insurance | $742 | A | N/A |
| Union Mutual | $774 | A- | N/A |
*Data from Bankrate.com, based on $250,000 in dwelling coverage
**J.D. Power 2019 Home Insurance Customer Satisfaction Survey, based on a 1,000-point scale.
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.
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.
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.
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.
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.
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.
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.
Average Cost of Homeowners Insurance in Vermont
In Vermont, the average cost of homeowners insurance is $686 per year for $250,000 in dwelling coverage, according to 2021 data from Bankrate.com. Generally speaking, home insurance in Vermont is cheap. In comparison, the nationwide average rate is $1,312 per year.
Home Insurance Add-Ons That May 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
| Home Insurance Company | Average Annual Premium* |
| Vermont Mutual | $399 |
| Concord Group | $533 |
| Allstate | $560 |
| USAA | $615 |
| Travelers | $635 |
| MMG | $742 |
| Union Mutual | $774 |
| Co Operative Ins Co | $931 |
| State Farm | $989 |
*Based on $250,000 in dwelling coverage
Top 3 Cheapest Homeowners Insurance Companies in Vermont
- Vermont Mutual – $399
- Concord Group – $533
- Allstate – $560
Top 3 Most Expensive Homeowners Insurance Companies in Vermont
- State Farm– $774
- Co Operative Ins Co – $931
- Union Mutual – $989
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
Methodology
We evaluated the companies based on their third-party agency ratings for customer experience, financial stability, as well as coverage options to determine which might be the best providers.
To compare home insurance companies across the board, we considered the following factors:
- 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.
Rates are based on quoted annual premiums from Bankrate.com. These are sample rates and should be used for comparative purposes only. Your quotes may be different.
The coverage limits for home insurance rates reflect the following coverage and limits:
- Coverage A, Dwelling: $250,000
- Coverage B, Other Structures: $25,000
- Coverage C, Personal Property: $125,000
- Coverage D, Loss of Use: $50,000
- Coverage E, Liability: $300,000
- Coverage F, Medical Payments: $1,000
The homeowners also have a $1,000 deductible and a separate wind and hail deductible (if required).
About the Authors
Elizabeth Rivelli is an insurance writer for Reviews.com. Over the last year, she has covered insurance providers, best policies, industry trends and more. Elizabeth has been featured in The Simple Dollar, Bankrate and Coverage.com, among others. She holds a bachelor's degree in Communication Studies from Northeastern University in Boston, MA. The Best Term Life Insurance Companies is Elizabeth’s favorite review on Reviews.com.
