Home Insurance and Car Insurance in Vermont

Homeowners Insurance Coverage Options in

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’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 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

• 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 home insurance cost in ?

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

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.

Auto Insurance Laws & Requirements

1. 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.
2. Property damage liability: This pays for damage you cause to someone else’s property while driving. The minimum limit in Vermont $10,000.
3. 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.

Other insurance coverage available to Vermont drivers, although not required, includes:

• 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.

All data on average expenditures is provided by the Insurance Information Institute.

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.²

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.³

What is the average car insurance cost in ?

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

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.