Average homeowners insurance cost in Essex Junction, VT

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As per Insure.com’s rate data analysis, the average cost of homeowners insurance in Essex Junction is $1,124 per year (for the coverage level of $300,000 for dwelling, $100,000 for liability protection and $1000 deductible), It’s $1,458 less than the national average of $2,582.

Homeowners insurance rates differ significantly from one home to another. Home insurance rates in Essex Junction depend on several factors, including:

Size of your home
Age of your home
Amount of coverage you need
Location
Your credit score

Vermont Mutual is the cheapest homeowners insurance company in Essex Junction with an average annual premium of $1,124 per year.

This guide covers everything from available coverage options to companies with the cheapest homeowners insurance rates in Essex Junction. Keep reading to learn about the monthly cost of homeowners insurance in Essex Junction, the cost for different dwelling coverage levels, and discover which companies provide the most affordable home insurance in Essex Junction.

Key takeaways

The average cost of homeowners insurance in Essex Junction is $1,124 per year.
Vermont Mutual is the cheapest homeowners insurance company in Essex Junction with an average annual premium of $610.
If you increase your dwelling coverage from $200,000 to $300,000, you will just have to pay $264 more a year for home insurance.

Average homeowners insurance cost in Essex Junction per month

Residents of Essex Junction pay an average of $94 a month for homeowners insurance, as per Insure.com’s rate analysis. It’s $10 less than the state average of $104 and $121 less than the national average for home insurance across the United States.

The cost of your homeowners insurance policy in Essex Junction may change based on location, property value, and selected coverage options.

Average homeowners insurance cost for a $200,000 house in Essex Junction

In Essex Junction, VT, homeowners pay an average of $860 annually for a $200,000 house. The amount you pay for home insurance each year depends on factors such as – natural disasters or events within your locality.

Some regions are more at risk for natural disasters, like floods, hurricanes, or tornadoes, implying higher rebuilding rates in these areas are higher, resulting in higher insurance premiums. It’s essential to note that your insurance policy might not cover damages caused by floods or hurricanes. If you reside in an area prone to flooding, consider buying flood insurance.

Average homeowners insurance cost for a $300,000 house in Essex Junction

As per rate analysis by Insure.com, homeowners residing in Essex Junction typically pay an average of $1,124 annually to insure a home for coverage limits of $300,000 dwelling, $100,000 liability protection with a $1,000 deductible.

Your home insurance rates will be increased by $264 if you increase your dwelling coverage from $200,000 to $300,000. It is advisable to buy enough insurance sufficient insurance to cover the entire cost of rebuilding your home. However, the amount of dwelling coverage you need may vary depending on the size of your home, the features in your home, and the cost of living in your area.

Average homeowners insurance cost in Essex Junction by company

Among the carriers analyzed, Vermont Mutual is the most affordable homeowners insurance company in Essex Junction, offering an average annual rate of $610.

Auto-Owners ranks second, while Allstate holds the third spot with an average annual rate of $984.

Researching a company thoroughly before selecting a homeowners insurance policy is essential. Insure.com has meticulously reviewed all insurance companies operating in Essex Junction and compiled a list of the most affordable options.

Below are the details of home insurance companies in Essex Junction and their average annual premiums.

Home Insurance Company	Annual rate
Vermont Mutual	$610
Auto-Owners	$739
Allstate	$984
Union Mutual	$1,020
State Farm	$1,076
Co-operative Insurance	$1,214
Farmers	$1,762
Travelers	$2,250
USAA*	$978

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Essex Junction for $300,000 dwelling coverage and $100,000 liability coverage with a $1,000 deductible. The data presented are those with a good credit tier alignment.