Vermont Home Insurance

Whether you’re a single homeowner, a renter or you own numerous vacation rental properties, a good homeowner’s insurance policy is paramount to keeping your investments and property safe. The Simple Dollar aims to help Vermont residents stay on top of their home insurance needs by putting a wealth of information in one easy-to-use place. Read onwards for information on the housing and insurance markets, insurance options, and consumer guides and assistance from local government resources.

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Stats in Your State

It’s easy to compare homeowners insurance rates in Vermont with the national average using our handy graphs and charts. You'll also find info on other factors that influence insurance in the Green Mountain State.

Homeowner Insurance Premiums

Vermont’s relatively low risk of natural disasters, combined with somewhat low property values make it a low-cost state for home insurance. Vermont homeowners enjoyed lower-than-average home insurance premiums across the 2000’s, with the state usually sitting roughly $100 or more below the national average in terms of yearly premiums.

Renter Insurance Premiums

While rental insurance rates in Vermont started off early in the 2000's well below the national average, they gradually climbed to within about $25 of the average by 2007 and 2008. The relatively low-demand renters' market contributes to low costs across the state.

Existing Home Sales

Much like the rest of the country, Vermont’s home sales reached record highs in 2005, but declined sharply over the following years. The market in Vermont lost almost one third of its volume in terms of existing home sales between 2005 and 2008, adding a huge hit to Vermont’s economy in the midst of a national financial crisis.

Flood Insurance in Region

Vermont residents filed 1,463 claims for flood damage in 2011 and 2012 for roughly $54.4 million in damages, putting Vermont just behind Connecticut for the most flood damage among New England states. Neighboring New Hampshire saw less than a tenth of Vermont's total damage in flooding.

Homes Built

Reflecting Vermont's largest period of population growth, more than half of the state's homes were constructed in the 1970s and 1980s, with slim development in the previous three decades and very little development in the 1990s and 2000s. In 2012, Vermont's population declined for the first time since 1944.

Rules in Your State

The Vermont legislature has defined specific claims standards applicable to all insurers, which provides a great groundwork for defining the relationship between insurers and consumers. You can read through the regulations at the links below, and explore the general insurance laws and regulations, as well.

Representatives & Resources in Your State

Readers can get in touch with local government agencies and disaster relief agency FEMA at the links listed below. Whether you’re looking to educate yourself on the latest consumer news, or seeking assistance on a difficult insurance-related issue, use the links below to get started.

Vermont Department of Financial Regulation: Insurance Division
State of Vermont
Department of Financial Regulation
89 Main Street, Montpelier, VT 05620 – 3101
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Consumer Complaint Resource
Consumer Information
Click the above link to access consumer guides and brochures published by the Insurance Division and learn more about different options in Vermont.

Federal Emergency Management Association: Region 1
FEMA’s region 1 serves the New England region and provides both disaster relief and preparedness. Whether flood, forest fire, or other threat, contact FEMA to get information in advance.