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Home Insurance and Car Insurance in Vermont
If you’ve never shopped for home or auto insurance in Vermont, you likely have questions about how to find the best coverage to meet your needs. Finding affordable homeowners insurance is a necessary step toward securing a mortgage, and many states—including Vermont—will not allow you to drive without proof of auto coverage.Whether you’re shopping for a brand new policy or looking to save money by switching your home and auto coverage, SelectQuote can help. We compare plans from several highly rated carriers at once to find you the best possible coverage at affordable rates.Homeowners Insurance in Vermont
If you’re one of the 71.2% of Vermonters1 who own their own home, it’s important that you understand the critical nature of buying home insurance. Home insurance doesn’t just provide help with the cost of replacing your dwelling in the event of a major catastrophe or disaster. It can also help protect you against financial responsibility if someone is injured on your property, if your personal goods are stolen or if other property is damaged.Buying home insurance is not a legal requirement in Vermont, but most mortgage companies will require you to buy it as a condition of your home loan. But even if you don’t have a mortgage, buying insurance coverage can help protect your property and investment. Let’s walk through the basics of home insurance and how SelectQuote can help you save hundreds of dollars each year when you use us to shop for coverage.
Homeowners Insurance Coverage Options in Vermont
Vermont homeowners have plenty of options when it comes to buying home insurance coverage, but you need to make sure you buy the right kind of insurance that meets your needs. Most home insurance policies fall under two types: cash value policies and replacement value ones.Cash value policies pay out what your current home and personal property are worth at present. Replacement value policies will pay for the full replacement cost of your home or property, regardless of increases in materials or labor costs. It’s important to understand which type of policy you have, especially as financial factors like inflation continue to impact property values.Regardless of which kind of policy you buy, most standard insurance policies include the following types of home insurance coverage:- Dwelling coverage: This coverage protects your home’s structure, such as the roof and walls. It also protects your attached structures, like porches or garages.
- Other structures coverage: If you have a detached structure, like a fence or shed, this coverage will help replace it.
- Personal property coverage: This coverage protects your personal belongings, including furniture, clothes, electronics and more. Some expensive items like jewelry or collectibles may only be covered up to a certain amount.
- Personal liability coverage: This insurance protects you from financial obligation if you’re legally responsible for someone else’s injuries or damages to their property.
- Medical payments coverage: This pays for medical expenses due to covered occurrences.
- Loss of use coverage: Loss of use coverage helps pay for living expenses if you’re unable to stay in your home during repairs or rebuilding after a covered loss.
Common Causes of Loss in Vermont
Vermont’s northern location means exposure to quite a bit of snow and ice, and those elemental issues often mean roof damage and potential water damage come spring. Luckily, many home insurance policies cover these types of issues. Other common causes of loss include fires and theft.Additional Coverage Options Recommended for Vermont Homeowners
Even with the fairly comprehensive insurance options offered by traditional policies, some Vermont homeowners may want to explore additional coverage for their home insurance policies. These extra coverage types include:- Flood insurance: Flood insurance is not a typical inclusion for most home insurance policies, but it is coverage you should consider. Flood insurance may or may not be available from your carrier. If it’s not, FEMA’s National Flood Insurance Program (NFIP) can connect you with an insurer who does offer it.
- Valuables insurance: If you’re someone who loves antiques, jewelry or art, consider purchasing additional coverage for these valuable items. Talk with your agent about expensive valuables that may need additional coverage.
Our Home Insurance Companies in Vermont
- SelectQuote works with highly rated carriers in each state to help you shop for home insurance that meets both your coverage and budgetary needs. Our team has access to several home and auto insurance companies and will compare prices and policies from several of them at once to find you the best deal.
What is the average car insurance cost in Vermont?
The average home insurance cost in Vermont for SelectQuote customers is $120.19+ per month. This price may vary, however, based on several factors like your ZIP Code, age and condition of your home, policy limits, deductible and types of insurance you have purchased.Homeowners Insurance Discounts in Vermont
Luckily, Vermont homeowners have plenty of options available to save money on their home insurance. Common homeowners insurance discounts for Vermont residents can include savings for home security systems, new home builds, profession discounts for specific career fields and more. Be sure to ask about any available savings while shopping for your insurance policy.Bundle Your Home and Auto Insurance to Save Money
One of the best ways to save on your home and auto insurance coverage is to bundle those policies together with one carrier. SelectQuote customers who bundle their home and auto insurance coverage can save roughly $693 per year on coverage. Stacked with additional discounts for safe driving, filing few or no claims and customer loyalty, the savings can really add up.Average Home and Auto Insurance Rates in Vermont
In the table below, you’ll find average home and auto insurance rates paid by real SelectQuote customers, including for bundled coverage. Your own policy will vary based on details like your deductible, types of coverage purchased and location.| Avg. Monthly Home Insurance Rate | Avg. Monthly Auto Insurance Rate | Avg. Monthly Rate of Bundled Policies |
| $114.73 | $127.32 | $198.74 |
Average monthly rates are from effective SelectQuote customer policies between 4/1/2022 and 3/31/2023.
Auto Insurance in Vermont
Unlike home insurance, buying auto insurance in Vermont is a legal necessity. Car insurance isn’t just to cover damage to your car in an accident. It helps protect you from financial liability if you’re found to be the cause of a car accident.Vermont Auto Insurance Laws & Requirements
- Bodily injury liability: This covers expenses related to the injury or death of another driver or a pedestrian when you’re at fault. In Vermont, the minimum limits are $25,000 per person and $50,000 per accident.
- Property damage liability: This pays for damage you cause to someone else’s property while driving. The minimum limit in Vermont $10,000.
- Uninsured motorist coverage: This pays for medical or funeral costs if you’re hit by an uninsured or hit-and-run driver. It can also cover you if you’re a pedestrian and get hit by an uninsured vehicle. The minimum limits are $50,000 per person and $100,000 per accident.
- Collision coverage: This covers damage to your own vehicle in the event of a collision with another vehicle or object, regardless of who is at fault.
- Comprehensive coverage: This provides coverage for damages caused by events other than a collision, such as theft, fire, vandalism or natural disasters like hail or flood.
- Medical payments coverage: This can help pay for medical expenses for you and your passengers, regardless of who is at fault in an accident.
- Underinsured motorist coverage: This provides coverage if you’re involved in an accident with a driver who has insufficient insurance to cover the costs of the damages and injuries.
- Rental reimbursement coverage: If your car is being repaired as part of a comprehensive or collision insurance claim, this coverage can help pay for a rental car.
- Towing and labor cost coverage: Also known as roadside assistance, this coverage can help cover the costs if you need a tow, a tire change, lockout service or other types of roadside assistance.
- Gap insurance: If your car is totaled in an accident, gap insurance can help pay off the balance of your loan or lease if it’s more than what your car is worth.
| Types of Coverage | Minimum State Requires |
| Bodily Injury Liability | $30,000 limit per person / $60,000 limit per accident |
| Property Damage Liability | $25,000 limit |
| Uninsured Motorist | Not required |
| Underinsured Motorist | Not required |
| Personal Injury Protection | Not required |
| Collision | Not required |
| Comprehensive | Not required |
| Gap Insurance | Not required |
Vermont Teen Driving Laws
Like most states, Vermont has a graduated driver’s license system in place to help teen drivers acclimate to the road. Drivers are able to obtain their learner’s permit at age 15. After 40 hours of supervised driving—10 of which must happen at night—the driver may exit the learner stage. For the first three months, licensed teens must drive alone or with a supervising adult. After that, the driver may take passengers.2Vermont Car Registration Information
Like many states, Vermont car registration requires you to bring several pieces of information to the DMV. These details include your vehicle’s title, your own driver’s license and proof of insurance on the vehicle you wish to register.3What is the average car insurance cost in Vermont?
SelectQuote customers in Vermont pay an average monthly premium of $127.32+. Your own average insurance cost may vary based on factors like type of vehicle, location, coverage amount, types of coverage purchased and deductible.Our Auto Insurance Companies in Vermont
As you shop for insurance, remember that SelectQuote partners with highly rated auto insurance companies in Vermont and other states to find you the coverage you need. We compare rates from several carriers at once to find you the most affordable option that still meets your coverage needs.Vermont Home & Auto Insurance Frequently Asked Questions
The following questions are some of the common ones we hear that relate to insurance coverage in Vermont.Do I need condo insurance in Vermont?
Just like with home insurance, Vermont does not legally require condo owners to purchase insurance. If you finance your purchase with a mortgage company, you will likely need to purchase condominium insurance as a condition of your loan.4
Do I need ATV insurance in Vermont?
You must purchase liability insurance coverage to operate your ATV if you plan on going somewhere that requires you to register the vehicle. You must have a liability policy of at least $25,000 per person and $50,000 for two or more people injured or killed in a crash. You must also carry $10,000 of coverage for damages. In lieu of a liability coverage, you may file evidence of self-insurance with the state insurance commissioner.5
Is boat insurance required in Vermont?
Boat insurance is not a requirement to operate a boat, but you do need to secure a boat safety certificate to legally do so. Boat insurance is, however, a smart investment because it can protect you from financial liability in an accident and pay for replacement should something happen to your boat or other watercraft.
Do I need motorcycle insurance in Vermont?
Vermont does require motorcyclists to purchase insurance. Required coverage includes $25,000 for bodily injury liability for one person, $50,000 for bodily injury coverage for two or more people, and $10,000 for property damage liability. You may also have uninsured and underinsured motorist coverage at the 50/100/10 level.6
SelectQuote Can Shop Vermont Home or Auto Insurance to Help Save You Time and Money
Whether you’re shopping for your first home or auto insurance policy or looking for ways to save money or add to your existing coverage, SelectQuote can help. Our team can compare rates from dozens of insurance carriers at once to help you find the policies that meet your coverage and budget needs.Learn more about how SelectQuote can save you hundreds of dollars by bundling your home and auto insurance. Compare quotes in Vermont today.Sources
- https://www.census.gov/quickfacts/fact/table/VT/HSG010222&sa=D&source=docs&ust=1697551581762913&usg=AOvVaw2Qkeg4lNiforb00Z-WXoSs
- https://www.drivinglaws.org/resources/vermont-teen-driving.html&sa=D&source=docs&ust=1697551581769261&usg=AOvVaw2uYru05lBPaWOCzO9a8-OL
- https://dmv.vermont.gov/registrations&sa=D&source=docs&ust=1697551581768418&usg=AOvVaw3De5b-XMFaTnFtACXpEcFj
- https://www.paigeandcampbell.com/condo-insurance-vermont%23:~:text%3DVermont%2520residents%2520who%2520own%2520condominiums,coverage%2520for%2520individual%2520condo%2520units&sa=D&source=docs&ust=1697551581765030&usg=AOvVaw3UWzQ3Y4MBzwlTuSrV0whY
- https://dmv.vermont.gov/sites/dmv/files/documents/VN-023-ATV_Driver_Manual.pdf&sa=D&source=docs&ust=1697551581766381&usg=AOvVaw0-RXh0cnJIjebrWYRAZPZI
- https://www.dairylandinsurance.com/motorcycle/state-requirements/vermont&sa=D&source=docs&ust=1697551581767613&usg=AOvVaw3ByOoA_Cdo_QAs7n8g6uOO
+Average rates calculated are based on effective SelectQuote customer policies in Vermont between 4/1/2022 and 3/31/2023. Rates will vary based on level of coverage, location, age, and additional determining factors.
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