Best and Cheapest Renters Insurance in Vermont for 2025 (Top 10 Low-Cost Companies)
Geico, USAA, and Travelers stand out as the best and cheapest renters insurance in Vermont, offering rates starting at just $12 per month and tailored coverage to fit diverse needs.
Geico leads with low premiums and comprehensive personal property coverage, USAA offers unique perks like flood and earthquake coverage for military families, and Travelers shines with flexible options for valuables like jewelry.
| Company | Rank | Monthly Rates | A.M. Best | Best For | Jump to Pros/Cons |
|---|---|---|---|---|---|
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#1 | $12 | A++ | Affordable Discounts | Geico |
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#2 | $14 | A++ | Military Benefits | USAA |
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#3 | $24 | A++ | Policy Variety | Travelers |
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#4 | $25 | A+ | Comprehensive Coverage | Nationwide |
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#5 | $27 | A | Customer Loyalty | American Family |
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#6 | $28 | B | Nationwide Presence | State Farm |
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#7 | $32 | A | Flexible Options | Liberty Mutual |
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#8 | $33 | A | Personal Service | Farmers |
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#9 | $46 | A+ | Financial Stability | Allstate |
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#10 | $58 | A+ | Broad Coverage | Progressive |
Renters in Vermont can confidently secure affordable and customizable policies with these top providers. Simplify your life insurance shopping using our free quote comparison tool and find coverage that fits your budget and needs.
What You Should Know
- Geico offers renters insurance in Vermont from $12/month with great property coverage
- USAA includes flood and earthquake protection, which is ideal for military families
- Travelers provides flexible add-ons for valuables like jewelry and electronics
#1 – Geico: Top Overall Pick
Pros
- Budget-Friendly Renters: Geico has Vermont renters insurance starting at $12/month. Find out more in our Geico review.
- Quick Online Quotes: Vermont renters can quickly obtain and compare coverage options online.
- Quick Claims Process: Geico Renters Insurance in Vermont is famous for handling claims fast and dependably.
Cons
- Limited High-Value Item Coverage: Vermont renters may need additional riders for expensive belongings.
- No Niche Coverages: Geico lacks specialized options like identity theft protection in Vermont.
#2 – USAA: Best for Military Benefits
Pros
- Military-Specific Features: USAA renters insurance in Vermont includes no-deductible coverage for uniforms.
- Comprehensive Peril Coverage: Offers flood and earthquake protection at no additional cost in Vermont.
- Flexible Payment Options: Vermont military families can use monthly or annual payment plans. View additional information on our USAA insurance review.
Cons
- Member Restriction: Only military members and their families qualify for USAA renters insurance in Vermont.
- Limited Customization: Vermont renters seeking unique coverage options may find USAA policies rigid.
#3 – Travelers: Best for Policy Variety
Pros
- Broad Customization: Travelers renters' insurance in Vermont offers tailored add-ons, such as water backup protection.
- Generous Coverage Limits: Policies include higher-than-average limits for personal property in Vermont.
- Easy Bundling: Vermont renters can bundle renters insurance with Travelers auto or home policies for discounts.
Cons
- Higher Base Premium: Starting at $24/month, Travelers is pricier than other Vermont options. You may find more details about this provider in our Travelers review.
- Limited Mobile App Features: The app provides fewer tools for managing renters insurance in Vermont than competitors.
#4 – Nationwide: Best for Comprehensive Coverage
Pros
- Theft Protection: All over Vermont, renters insurance gives you coverage if your bicycle or portable electronics get stolen.
- Identity Theft Assistance: Vermont renters gain access to comprehensive identity recovery services. See the savings on insurance in our comprehensive Nationwide review.
- High-End Property Coverage: Specialized plans protect collectibles and high-value items for Vermont renters.
Cons
- Limited Discounts: Nationwide offers fewer savings opportunities for Vermont renters than competitors.
- Longer Claim Times: Some Vermont policyholders report delays in processing more significant claims.
#5 – American Family: Best for Customer Loyalty
Pros
- Exclusive Renewal Discounts: Vermont renters enjoy lower rates for continued policy renewal. Learn more about our offerings in our American Family review.
- Community-Focused Support: Vermont agents provide tailored advice and localized insurance solutions.
- Exceptional Coverage Choices: Renters insurance in Vermont might have travel protection for things you take with you on trips.
Cons
- Restricted Reach: American Family policies may not be widely available in rural Vermont areas.
- Less Competitive Rates: Starting at $27/month, it’s costlier than other top Vermont providers.
#6 – State Farm: Best for Nationwide Presence
Pros
- Accessible Agents: Vermont renters enjoy a big network of local agents who give them personal service.
- Comprehensive Add-Ons: Offers renters insurance in Vermont with optional coverages like identity theft restoration.
- Competitive Deductibles: Vermont renters can choose low deductibles for greater flexibility.
Cons
- Higher Premiums: State Farm’s $28/month rates in Vermont are higher than the top competitors.
- Limited Online Tools: Vermont renters may find the website less intuitive than others. Get detailed information about our State Farm review.
#7 – Liberty Mutual: Best for Flexible Options
Pros
- Tailored Policies: Vermont renters insurance allows customizable plans for specific needs like pet liability. Explore our evaluation of Liberty Mutual review.
- Straightforward Online Claims: Liberty Mutual makes filing renters insurance claims in Vermont simple through its app.
- Replacement Cost Coverage: Ensures Vermont renters receive the full value for damaged or stolen items.
Cons
- High Premiums: At $32/month, Vermont renters may find cheaper alternatives elsewhere.
- Fewer Discounts: Limited savings options for Vermont renters compared to other providers.
#8 – Farmers: Best for Personal Service
Pros
- Agent-Centric Approach: Vermont renters benefit from dedicated agents for personalized coverage advice.
- Broad Protection: Policies cover additional living expenses and liability for Vermont renters. Unlock information in our Farmers review.
- Discounts for Home Improvements: Vermont renters can save with upgrades like security systems.
Cons
- Higher Cost: Farmers renters insurance in Vermont starts at $33/month, making it less budget-friendly.
- Digital Tools Slow: Renters in Vermont might experience the online platform for policy management as less responsive.
#9 – Allstate: Best for Financial Stability
Pros
- Extended Protection: Allstate offers renters insurance in Vermont with specialty coverage like scheduled personal property.
- Easy Payment Options: Vermont renters can set up automatic payments or pay online.
- Local Presence: Vermont renters can access multiple Allstate offices for in-person support. Discover insights in our Allstate review.
Cons
- Expensive Rates: At $46/month, Allstate renters insurance in Vermont is one of the costliest options.
- Limited Peril Coverage: Policies may exclude some niche risks Vermont renters might need to be covered.
#10 – Progressive: Best for Broad Coverage
Pros
- Versatile Plans: Progressive renters insurance in Vermont includes rare options like watercraft liability. To find out more about the company, visit our Progressive review.
- Multi-Policy Discounts: Vermont renters can bundle with Progressive’s auto or motorcycle insurance for savings.
- Strong Online Tools: Vermont renters can easily manage policies and file claims through the user-friendly platform.
Cons
- Premium Costs: At $58/month, Progressive renters insurance in Vermont is significantly more expensive than competitors.
- Lack of Specialized Discounts: Vermont renters won’t find niche discounts for students or seniors.
Monthly Premiums for Top Renters Insurance Providers in Vermont
If you're renting in Vermont, finding the right cheap renters insurance in Vermont with comprehensive insurance coverage at the right price is key. The table below lists the top insurance providers' monthly coverage rates. Whether you're looking for essential protection or something more robust, every budget has an option.
| Insurance Company | Monthly Rates |
|---|---|
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$46 |
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$27 |
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$33 |
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$12 |
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$32 |
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$25 |
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$58 |
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$28 |
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$24 |
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$14 |
Geico offers the lowest monthly rates, starting at $12/month, making it the top pick for cost-conscious renters in Vermont. Progressive provides the broadest protection but is also the most expensive.
Travelers and Nationwide are good choices for people who rent and want something in between, with low-cost monthly prices of $24 and $25. Look closely at these monthly costs to pick a plan that fits your needs and budget well.
Exclusive Discounts from Leading Insurers
With the variety of discounts top providers offer, finding ways to save money on insurance in Vermont is easy. Whether you install safety devices, stay claims-free, or bundle policies, these discounts make protecting your rental more affordable. Below is a breakdown of the discounts available from leading companies.
| Insurance Company | Available Discounts |
|---|---|
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Bundling, Safety Devices, 55 and Retired, Auto-Pay |
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Bundling, Loyalty, Smart Home Technology, Auto-Pay |
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Bundling, Security System, Claims-Free, Payment Method (e.g., Paperless or Automatic Payments) |
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Bundling, Security System, Smoke-Free, Loyalty |
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Bundling, Claims-Free, Safety Features (Smoke Alarms, Deadbolts) |
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Bundling, Claims-Free, Protective Device, Auto-Payment |
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Bundling, Claims-Free, Alarm Systems, Paperless |
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Bundling, Home Alert Protection, Claims-Free |
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Bundling, Claims-Free, Protective Devices (Smoke Alarms, Fire Extinguishers) |
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Bundling Auto and Renters Insurance, Claims-Free, Home Security System (Exclusive to Military Members and Families) |
Geico is remarkable for providing unique discounts to smoke-free individuals and showing loyalty and cost-effective rates for renters in Vermont. USAA provides its services specifically to military members with benefits such as combined discounts and savings on security systems.
Insurance companies like Travelers and Liberty Mutual reward people who care about home safety for putting in smoke alarms and fire extinguishers. Comparing their discounts can help determine how much money you might save while keeping your home safe.
Understanding Renters Insurance Coverage Options
Like any other policy, you can customize your renters' insurance coverage to get what you need. A standard policy contains some form of the following types of renters coverage:
- Personal Property Coverage: This kind of insurance covers the expense of replacing the particular goods you keep in your flat if they are destroyed or damaged.
- Property Damage Liability Insurance: This coverage helps pay for damages caused to someone else's property, ensuring you're protected against unexpected costs.
- Loss of Use Coverage: When you cannot remain in your flat due to damage, loss of use covers your hotel and food costs. Another name for this is temporary or extra living expense coverage. Apart from these fundamental insurance choices, you can also buy extra protection such as identity theft security, visitor medical payments coverage, and other optional protections.
Persons who store valuable things in their rented space, such as musical tools, ornaments, or sports gear, might want to raise the limit of their insurance coverage for more mental comfort.
People who keep expensive items in their rental unit, like musical instruments, jewelry, or sports equipment, may wish to increase their coverage limits for additional peace of mind.
The Most Common Renters Insurance Claims Explained
Knowing the types of claims and how much they typically cost can help you choose the right renters insurance. The table below shows the most common claims and their average costs, giving you a clearer idea of what to expect if something happens and whether your insurance policy will cover your insurance claim.
| Claim Type | Portion of Claims | Cost per Claim |
|---|---|---|
| Theft (Burglary & Robbery) | 40% | $2,500 |
| Fire & Smoke Damage | 25% | $12,000 |
| Water Damage (Non-Flood) | 15% | $5,000 |
| Liability Claims (Injury at Rental Unit) | 10% | $15,000 |
| Wind & Storm Damage | 10% | $4,500 |
Renters insurance helps cover unexpected costs like theft, fire, and weather damage. Theft claims happen the most, making up 40% and averaging $2,500 per claim. Fire and smoke damage comes next at 25%, while water damage claims make up 15% and cost around $5,000.
Although less common at 10%, liability claims is the priciest, averaging $15,000 per claim. Renters insurance gives you peace of mind and keeps you from paying substantial out-of-pocket costs.
Coverage Tips for College Renters in Vermont
You can lease an apartment outside the campus when studying at a college or university in Vermont. Several factors should be considered by students renting accommodation in Vermont to safeguard their items. Understanding the average renters' insurance cost, which typically ranges between $10 and $25 per month, can help students budget effectively for this essential protection.
Usually, university students residing in dormitories inside the campus are included in their parents' house insurance policy. However, this mainly applies to those who live within the school area. Vermont college pupils living independently off-campus and renting apartments should consider a considerers insurance policy because their belongings will not be protected under the parents' policy. Without a renters insurance policy, they won't have any protection.
University students probably have roommates in their rented apartments. This raises the question of whether both roommates need renters insurance. It's not suggested for students to combine insurance policies with their flatmates. Instead, every student must hold a personal renter's insurance policy to safeguard their items adequately.
Understanding Property Crime Trends in Vermont
Standard renters insurance policy protects you from 16 risks, including theft, vandalism, or harmful mischief. But is renters insurance required? Although it is not required by law in Vermont, landlords may include renters insurance in the lease agreement to shield tenants from potential damages.
Now, we ponder how Vermont's crime level matches other states nationwide. The FBI released these numbers related to crime in Vermont for the year 2016:
- Property Crime - 10,602
- Burglary - 2,103
- Larceny Theft - 8,217
When you compare it to the national average rate for every 100,000 people living there, Vermont's three types of crime statistics are all ranked lower than that same nationwide mean.
Tips for Reducing Renters Insurance Costs in Vermont
Though renters insurance is affordable, reducing costs is always a priority. Your insurance deductible plays a key role—choosing a higher deductible lowers premiums but increases out-of-pocket costs for claims—balance savings with manageable deductibles for the best coverage.
Here are the top 5 ways to save on your renters insurance:
- Raise Your Deductible
- Ask About Potential Discounts
- Bundle Your Policies
- Determine the Value of Your Personal Property
- Pay in Full by Check
Assume you combine your car insurance with a house or tenant's insurance from the same insurer. Then, they give you a discount for having multiple policies (this can also be got when paired with other insurances like life or boat). Some insurers even lower your monthly fee if there are safety tools in your home, such as smoke alarms, security equipment like theft alerts, or if automatic payments are arranged.
There could be several discount options, so you should inquire about this from renters and insurance companies when looking for price estimates. To secure the most affordable renters insurance, consider obtaining digital coverage quotes from at least three companies before making a decision.
Clearsurance Ratings for Vermont Renters Insurance
Clearsurance does not keep its rating and ranking methods secret, in harmony with its goal for more transparency. Our formula evaluates an array of data from our autonomous community of insurance customers that includes:
- Price
- Customer Service
- Claim Service
- Likelihood to Renew
The formula also considers the proportion of positive feedback from customers about what the business does effectively versus the ratio of suggestions for improvements.
Customer reviews and ratings are the exclusive source of Clearsurance's ratings and rankings, highlighting the customers' choice of top-ranked insurance companies based on real-world experiences and feedback.
Understanding Renters Insurance Coverage
We also pointed out earlier that there are common misunderstandings about what is and isn't included in a renters insurance policy. One key distinction to understand is homeowners insurance vs. renters insurance. Renters insurance only protects the tenant's personal property and liability within the rented area, whereas homeowners insurance covers the home's structure and personal items.
Do numerous insurance policies for renters provide liability security if someone not living there gets hurt on the property? Also, if your apartment becomes unfit due to an incident, specific policies might pay for your costs while you look for temporary accommodation.
Finding affordable renters insurance coverage is crucial as home values rise. Enter your ZIP code into our free quotation tool to start immediately.
Frequently Asked Questions
How much is renters insurance in Vermont?
Renters insurance in Vermont typically costs between $12 and $25 per month, with Geico offering rates as low as $12 and Progressive at the higher end.
Do you need proof of insurance in Vermont?
Yes, if your landlord requires renters insurance, you'll need to provide proof, such as a policy declaration page or certificate of coverage.
Is renters insurance required in Vermont?
Renters insurance is not legally required in Vermont, but many landlords include it as a lease requirement to ensure tenants have liability protection. It's also important to understand what your renters' insurance does not cover, such as flood damage, earthquake damage, or high-value items without additional endorsements.
Is there a deductible for renters insurance in Vermont?
Your monthly premium and out-of-pocket expenses are affected by the deductible, which is included in most Vermont renters insurance policies. Deductibles usually range from $250 to $1,000.
How much may a landlord raise rent in Vermont?
Vermont does not have statewide rent control, so landlords can raise rent after providing at least 60 days' notice for annual leases.
Does Geico cover renters insurance in Vermont?
Yes, Geico provides renters insurance in Vermont with affordable rates starting at $12 per month and discounts for bundling with auto policies. To determine how much renters insurance you need, consider the value of your personal belongings, liability protection, and additional coverage for high-risk items or events.
Is Allstate renters insurance good in Vermont?
Allstate offers reliable renters insurance in Vermont with bundling discounts of up to 15% and customizable coverage for personal property and liability.
What factors determine a Vermont renters insurance rate?
Factors include location, claims history, security features like smoke detectors, and coverage options such as replacement cost or liability limits.
What makes the best renters insurance policies in Vermont effective?
The best renters insurance in Vermont combines affordability, broad coverage for theft and damages, and flexible add-ons for tailored protection. For young renters, here's renters insurance simplified for millennials: it's affordable, often starting at $12/month and covers your belongings, liability, and even temporary living expenses when needed.
Can a landlord in Vermont require renters insurance?
Yes, landlords in Vermont can require renters insurance. They often ask tenants to carry at least $100,000 in liability coverage for property damage or injuries.
What factors impact the renters' insurance premium in Vermont?
Renters' insurance premiums are affected by location, with urban areas like Burlington having higher rates, coverage limits such as $30,000 for personal property, deductible amounts starting at $500, safety features like smoke detectors offering discounts, and claims history, which can increase costs if you've filed recent claims.
What makes the best homeowners insurance policies in Vermont stand out?
The best homeowners insurance in Vermont combines customizable coverage for your property with affordable rates and strong claims support.
What are the Vermont renters insurance discounts?
Vermont renters insurance discounts include bundling with auto policies for up to 20% savings, claims-free discounts of around 10%, security system discounts of 5-15% for alarms or cameras, autopay savings of 5-10%, and loyalty rewards of up to 7% for staying with the same insurer.
Is Vermont landlord-friendly?
Vermont is tenant-friendly, with strict laws protecting renters, including limits on eviction and requirements for maintaining habitable living conditions.
Can a landlord in Vermont enter a rental property without permission?
No, landlords in Vermont must provide notice at least two hours before entering a rental property, except in emergencies. Do landlords require renters insurance? While it's not a legal requirement in Vermont, many landlords include renters insurance as a lease condition to ensure tenants have liability and property protection, reducing disputes in case of damages or accidents.
What do apartment insurance in Vermont policies include?
Apartment insurance in Vermont includes personal property protection, liability coverage, and expenses for temporary housing during repairs.
What are the minimum insurance requirements in Vermont?
In Vermont, the minimum insurance requirements for drivers include liability coverage of 25/50/10, covering bodily injury and property damage.
Does another provider have lower rates? To find out, use our free quote comparison tool and enter your ZIP code.