Burlington, VT Home Insurance - Analysis On Quotes, Rates & Agents
Burlington Insurance Rates:
Burlington, VT homeowners insurance is approximately $628 to $852, about $52-$71/month. Our exhaustive guide shows customers can save as much as $296 by getting multiple quotes. Enter your zipcode below and click “GO” to get multiple free quotes.
What is the Average Home Insurance Cost in Burlington, VT
Home insurance is one of the most important types of insurance to have. It protects your home and belongings in the event of a covered loss. Home insurance in Burlington, VT, can be found through various insurance carriers. When shopping for home insurance in Burlington, VT, it is important to compare rates and coverage options from multiple carriers. This will help you find the most affordable policy for your needs. It is also important to read the fine print of any policy you are considering. This will help you understand what is and is not covered by your home insurance policy. There are a few things that are typically covered by home insurance policies. These include damage from fires, windstorms, and lightning. Home insurance policies also typically cover theft and vandalism.
In Burlington, Vermont, the average cost of homeowner's insurance is $850. However, costs can differ based on the cost of your house, the level of coverage you require, and the deductible you select. The cost of homeowner's insurance is determined after carefully considering a number of criteria. These include the age of the home, prior insurance claims, the level of coverage, the deductible, the location, the ZIP code, and other elements. Here are some suggestions for locating cheap home insurance in Burlington, Vermont.
Multi-Policy Insurance
Your rates will decrease the more insurance plans you have with the same provider. This is so that customers who bundle their plans can benefit from discounts offered by insurance firms. The multi-policy discount for house insurance is normally 10%. Therefore, you might save 10% on your home insurance cost if you have both your auto and home insurance with the same provider. With a multi-policy discount, the amount you'll save varies based on the insurance provider and the scope of your coverage. However, it's worthwhile to consider a multi-policy discount if you want to reduce the cost of your house insurance. Homeowners in Burlington, Vermont, can purchase home insurance for $705 after selecting multi-policy insurance.
Safety Features
A home with a security system has a lower chance of being broken into than one without one. As a result, this residence will have a lower insurance premium. The same holds for houses with fire sprinklers, smoke alarms, and other security features. A home's safety features have a big impact on how much insurance will cost. For instance, in Burlington, Vermont, residences with sprinkler systems and smoke detectors pay $799 and $731 in home insurance, respectively.
Claims History
If a home has a history of frequent or expensive claims, the insurance company will likely charge a higher premium to cover the increased risk. Conversely, a home with a good claims history will typically enjoy lower rates. If you are shopping for home insurance in Burlington, VT, be sure to ask about the claims history of the homes you are considering. This information can be valuable in determining which company offers the best rates. For example, for people who have never made a claim, homeowners insurance in Burlington, Vermont, costs $739. The premiums for people who have made one or two claims are $926 and $952, respectively.
Burlington, VT Homeowners Insurance By Home Value
| Burlington, VT Home Value | Total Homes | % of Total | Average Burlington, VT Homeowners Insurance |
|---|---|---|---|
| Less than $50,000 | 125 | 2.0% | $66 |
| $100,000 to $124,999 | 112 | 1.0% | $310 |
| $125,000 to $149,999 | 114 | 2.0% | $384 |
| $150,000 to $174,999 | 418 | 7.0% | $458 |
| $175,000 to $199,999 | 604 | 10.0% | $532 |
| $200,000 to $249,999 | 1,698 | 30.0% | $636 |
| $250,000 to $299,999 | 1,242 | 22.0% | $784 |
| $300,000 to $399,999 | 1,231 | 21.0% | $991 |
Top Home Insurance Agents Near Burlington, VT
| Home Insurance Company Near Burlington, VT | Homeowners Insurance Agency Near Burlington, VT | Address |
|---|---|---|
| Liberty Mutual Independent | Essex Agency Inc | 2 Railroad St , Essex Junction, VT, 5452 |
| Travelers | Kinney Pike Insurance Inc | 42 MEADOW LANE, RANDOLPH, VT, 5068 |
| Liberty Mutual Independent | Mccrillis & Eldredge Ins Inc | 2 PARK ST, BRANDON, VT, 5733 |
| Travelers | Rowell Insuring Agency | 323 TOM MILLER RD, PLATTSBURGH, NY, 12901 |
| Allstate | Walter Hausermann | 18A Maple St, Essex Junction, VT, 5452 |
Burlington, VT Home Insurance Agents for Top Companies
Cost Of Homeowners Insurance By Street Near Burlington, VT
| Streets in Burlington Area | Homeowners Insurance Cost |
|---|---|
| Glenwood Ln, Forest St, Southcrest Dr, Brookes Ave, Ave A, Westminster Dr, Riverside Ave, Ferguson Ave, Lake Forest Rd, Loomis St | $755 |
| Latham Ct, Starr Farm Rd, Leddy Park Rd, Ethan Allen Pkwy, Crescent Beach Dr, Intervale Rd, Germain St, Crowley St, Hardy Ave, King Street Dock | $736 |
| Saint Paul St, Barley Rd, Linden Ter, N Prospect St, Berry St, Caroline St, Kingsland Ter, Tower Ter, Cherry Ln, Meridian St | $804 |
| Crescent Rd, Fairmount St, Sky Dr, Faith St, East Ave, S Champlain St, Hildred Dr, Cedar St, Myrtle St, Center St | $729 |
| Laurel Ct, Pomeroy St, Spring St, Grant St, S Meadow Dr, Vesthaven Dr, Flynn Ave, Harrington Ter, Tracy Dr, S Cove Rd | $750 |
Burlington, VT Home Insurance Savings For Senior Occupied Homes
| Place | Savings For Senior Occupied Homes |
|---|---|
| Burlington | $110 to $113 |
| Winooski | $108 |
| Colchester | $110 |
| South Burlington | $111 |
Burlington, VT Auto & Homeowners Insurance Bundling Discounts
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Winooski city, Vermont | $109 | $145 | $218 |
| Colchester town, Chittenden County, Vermont | $110 | $147 | $221 |
| South Burlington city, Vermont | $111 | $148 | $222 |
Burlington, VT Area Home Insurance as a % of Housing Cost
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Burlington, VT | 3.5% | 8.4% |
| Winooski | 3.9% | 9.51% |
| Colchester | 3.49% | 9.51% |
| South Burlington | 3.22% | 8.4% |
Burlington Renters Insurance as a Percentage of Rent
| Burlington Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| Less than $200 | 121 | 1.0% | $332 |
| $200 to $299 | 621 | 6.0% | $782 |
| $300 to $499 | 676 | 6.0% | $1232 |
| $500 to $749 | 1,165 | 12.0% | $1907 |
| $750 to $999 | 2,534 | 26.0% | $2657 |
| $1,000 to $1,499 | 2,851 | 29.0% | $3782 |
| $1,500 or more | 1,693 | 17.0% | $5432 |
Burlington, VT Home Insurance Costs With Deductible Scenario
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $1,200 | $4,200 |
| Yearly Burlington Homeowner Insurance Premium Example | $1,700 | $1,200 |
| Out of Pocket Expense During Claim | $1,200 | $4,200 |
| Total Home Insurance Premium for 7 years + Out of Pocket Expense for Claim | $13,100 | $12,600 |
| Net Savings to Burlington Home Owner from High Deductible Plan | $500 | |
Burlington, VT Home Insurance Costs With Home Replacement Value Scenarios
| Scenario | Burlington, VT Home Replacement Value MORE than Home Value | Burlington, VT Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $397,500 | $270,500 |
| Insurance Premium based on Replacement Value | $2,075 | $1,400 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $63,500 | Risk Exposure from Under Insuring Coverage is $63,500 |
| Premium Impact | Insurance cheaper by $350/year | Insurance costlier by $325/year |
Example Burlington Homeowners Insurance Comparison Table to Compare The Cheapest Quotes
| Insurance Company | State Farm | Farmers Insurance | Amica Mutual Insurance Company |
| Monthly Premium | 38 | 77 | 224 |
| Year Built | 1947 | 1962 | 1979 |
| Home Details | 3 Beds, 1 Baths | 2 Beds, 1 Baths | 5 Beds, 2 Baths |
| Coverage Amount | $100000-$125000 | $250000-$300000 | $500000-$600000 |
| Deductible | $1000-$2500 Deductible | > $10,000 Deductible | $500- $1000 Deductible |
Sample Home Insurance Rates for Burlington, VT from Consumer Reviews & Surveys
| Year Built | Home Value | Roof Type | Sqft | Number of Bedrooms | Deductible | Premium | Premium Months | Siding Type | Smoker/Non Smoker |
|---|---|---|---|---|---|---|---|---|---|
| 1965 | 375,000 | Asphalt Shingles Roof | 2,740 | 5 | $500 Deductible | 950 | 6 | Wood siding | No |
| 1967 | 255,000 | Shingles Roof | 2,290 | 3 | > $10,000 Deductible | 60 | 1 | Stone Siding | No |
| 1943 | 295,000 | Metal Roof | 1,980 | 5 | > $10,000 Deductible | 360 | 5 | Stucco siding | No |
| 1981 | 335,000 | Wood Shake Roof | 2,830 | 4 | $2500-$5000 Deductible | 470 | 4 | Brick siding | No |
| 1983 | 185,000 | Slate Shingles Roof | 1,550 | 3 | $1000-$2500 Deductible | 70 | 1 | Brick siding | No |
| 1969 | 155,000 | Composition Roof | 1,190 | 2 | $1000-$2500 Deductible | 50 | 1 | Fiber-Cement Siding | yes |
| 1960 | 145,000 | Asphalt Shingles Roof | 1,210 | 2 | $1000-$2500 Deductible | 300 | 5 | Fiber-Cement Siding | No |
| 1942 | 170,000 | Wood Shake Roof | 1,430 | 3 | $500- $1000 Deductible | 210 | 4 | Vinyl siding | No |
| 1971 | 190,000 | Slate Shingles Roof | 1,580 | 3 | $500- $1000 Deductible | 600 | 7 | Stone Siding | No |
| 1940 | 445,000 | Asphalt Shingles Roof | 2,960 | 5 | $1000-$2500 Deductible | 1660 | 12 | Stucco siding | No |
| 1976 | 285,000 | Membrane Roof | 2,250 | 4 | $500- $1000 Deductible | 350 | 3 | Vinyl siding | yes |
| 1941 | 175,000 | Tile Roof | 1,500 | 3 | $5000 to $10,000 Deductible | 100 | 2 | Stone Siding | No |
| 1947 | 360,000 | Slate Shingles Roof | 2,730 | 5 | $500- $1000 Deductible | 780 | 5 | Fiber-Cement Siding | No |
| 1971 | 130,000 | Tile Roof | 1,170 | 2 | $2500-$5000 Deductible | 40 | 1 | Brick siding | yes |
| 1946 | 265,000 | Composition Roof | 1,660 | 2 | $500 Deductible | 840 | 8 | Vinyl siding | No |
| 1989 | 120,000 | Shingles Roof | 1,070 | 2 | $1000-$2500 Deductible | 380 | 9 | Stone Siding | yes |
| 1987 | 230,000 | Metal Roof | 1,570 | 2 | $1000-$2500 Deductible | 780 | 8 | Fiber-Cement Siding | yes |
| 1987 | 540,000 | Tile Roof | 3,950 | 5 | $500- $1000 Deductible | 1190 | 5 | Fiber-Cement Siding | No |
| 1946 | 445,000 | Composition Roof | 2,900 | 5 | $500 Deductible | 640 | 4 | Stone Siding | yes |
| 1978 | 120,000 | Membrane Roof | 1,070 | 2 | $500 Deductible | 320 | 7 | Wood siding | No |
| 1972 | 195,000 | Tile Roof | 1,530 | 3 | $500 Deductible | 910 | 12 | Stucco siding | No |
| 1971 | 420,000 | Asphalt Shingles Roof | 3,350 | 5 | $2500-$5000 Deductible | 1450 | 12 | Wood siding | yes |
| 1970 | 260,000 | Slate Shingles Roof | 1,590 | 5 | $5000 to $10,000 Deductible | 770 | 9 | Stucco siding | No |
| 1968 | 465,000 | Slate Shingles Roof | 3,780 | 5 | $1000-$2500 Deductible | 1710 | 10 | Brick siding | yes |
| 1980 | 165,000 | Wood Shake Roof | 1,370 | 2 | $500- $1000 Deductible | 400 | 6 | Stone Siding | yes |
| 1968 | 375,000 | Shingles Roof | 3,010 | 5 | > $10,000 Deductible | 980 | 12 | Stucco siding | yes |
| 1989 | 505,000 | Tile Roof | 3,960 | 5 | > $10,000 Deductible | 100 | 1 | Wood siding | yes |
| 1968 | 430,000 | Tile Roof | 2,970 | 5 | $500 Deductible | 780 | 5 | Stucco siding | yes |
| 1948 | 335,000 | Metal Roof | 2,350 | 3 | $5000 to $10,000 Deductible | 910 | 9 | Vinyl siding | yes |
| 1970 | 185,000 | Tile Roof | 1,600 | 5 | $500 Deductible | 280 | 6 | Vinyl siding | yes |
| 1966 | 230,000 | Metal Roof | 1,970 | 5 | > $10,000 Deductible | 200 | 6 | Stucco siding | No |
| 1982 | 140,000 | Wood Shake Roof | 1,260 | 2 | $500- $1000 Deductible | 690 | 9 | Stone Siding | No |
| 1944 | 450,000 | Metal Roof | 2,860 | 4 | $2500-$5000 Deductible | 120 | 1 | Wood siding | No |
| 1983 | 335,000 | Shingles Roof | 2,770 | 4 | $1000-$2500 Deductible | 240 | 2 | Stucco siding | No |
Latest Home Insurance Reviews
Farmer's InsuranceI have not comparison shopped because I am always told by the other companies that they cannot offer me the same coverage. Therefore, I am satisfied with my premium.
TravelersThere are so many it is difficult at times to wade through all of the options and best coverage along with premiums. You have to shop around often to ensure you are obtaining the best coverage and rate.
Union MutualI supposedly had replacement insurance. the company, however, took off depreciation from the items that had been stolen, so that the amount they paid me was not nearly enough to replace the items.
GeicoI would give my home insurance a 5. GEICO insurance is a product of geico insurance which I use for my vehicles. Stillwater gives a bundle discount for using Geico as an insurance company.
ProgressiveThe premium for my homeowners insurance policy is fair compared to amounts quoted by other insurance companies, still keeping the coverage amounts adequate.
State FarmI have recommended this insurance to a friend who bought a home in the area. She used both the company and the agent and was very happy for that.
Farmer's InsuranceIt is about average however there is a lot of concern that the price will increase if we actually use it for something significant.
AllstateWell, As I have said they offer low deduction with good insurance, so These is one of their best assest if you come to compare to other home insurance company.
Farmer's Insurancetheir premium package is a nice product and the amount they deduct is affordable
Concord Group InsuranceThe other thing i don't like is that i don't feel a close connection with them and i wonder if my home is valued at what it is worth. they do not contact me or reach out in any way, i just pay my annual bill and that is the only communication i have with them. the personal touch and customer service is lacking."
State FarmTheir customer service is always up to par, and the reps are very friendly. to be completely honest, at this point, i don’t see myself ever leaving this company.
AllstateAll State has great customer service and offers the lowest bundle package I can find. They will call me back quickly with answers to my questions
State FarmI like the fact that I can track my driving habits with my app. There are times when you do not pay attention to breaking habits etc, which can save you money down the line.
TravelersI've only contacted them for billing info - I've never had a claim. The few times I've contacted them, they've been prompt and courteous.
AllstateOur agent is very good about reaching out to us with any changes to the plan. When we get a new vehicle it is easy to just call them an email over the info to get things added to the policy
ProgressiveI would recommend this insurance company for home insurance because they cater to the needs of their customers. Their service is second to none.