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Vermont Mutual Insurance review 2022

A peaceful drive on a road in Vermont surrounded by orange trees filled with fall leaves.
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Vermont Mutual may be a good choice for drivers and homeowners looking for basic, cheap insurance coverage with a local company. Coverage is sold through a network of local agents, which might appeal to those who prefer to handle their insurance needs in person. While the company has an impressive charitable presence, it does not have as many digital tools as some of its competitors.

Perks Drawbacks
Sold by local agents Limited website resources and tools
Low average premiums Fewer coverage add-ons than many competitors
Has a charitable-giving fund No mobile app
Coverage is only available regionally

Chartered in 1828, Vermont Mutual Insurance Group is one of the oldest mutual property and casualty insurers nationwide and is made up of three underwriting companies: Vermont Mutual Insurance, Northern Security Insurance Company, Inc. and Granite Mutual Insurance Company. The provider offers personal and commercial insurance products, mainly in a handful of New England states. If you are shopping for auto or home insurance, Bankrate’s Vermont Mutual Insurance review might help you decide if this regional provider can meet your needs.

Vermont Mutual car insurance

If you’re shopping for the best car insurance in New England, you may have come across Vermont Mutual. The provider could be a good choice if you live in the New England area and are looking for a local company. Coverage is available in Maine, Massachusetts, New Hampshire, Rhode Island and Vermont, depending on the product type. It also offers coverage in New York State. In-depth information about the types of coverage offered by the company is not available online; Vermont Mutual encourages prospective policyholders to find a local agent to review coverage options.

It’s likely that the carrier offers standard car insurance coverage types like bodily injury liability, property damage liability, comprehensive coverage and collision coverage, among others. Endorsement options are not listed online and may vary by state, if available.

Vermont Mutual car insurance cost

Full coverage from Vermont Mutual Insurance costs an average of $1,073 per year while minimum coverage costs $377 per year, according to Bankrate’s analysis of up-to-date annual premiums. For comparison, the national average cost of car insurance is $1,674 per year for full coverage and $565 per year for minimum coverage, meaning that Vermont Mutual customers pay quite a bit less, on average. Individual insurance rates are based on numerous factors and will vary per situation. The table below compares Vermont Mutual’s average annual full coverage premiums to the national average based on a variety of scenarios.

Vermont Mutual average annual full coverage premium National average full coverage premium
Clean driving history $1,073 $1,674
Speeding ticket conviction $1,300 $2,062
At-fault accident $1,649 $2,311
Adding a 16-year-old driver* $1,839 $2,531

*16-year-old rates reflect the added cost to their parents’ full coverage car insurance policy.

Vermont Mutual car insurance discounts

Vermont Mutual only lists a few standard discounts on its website, including savings for insuring multiple vehicles and having safety equipment like air bags. However, the car insurance carrier does note that additional discounts may be available. A local Vermont Mutual auto insurance agent may be able to help you identify additional ways to save on your auto coverage.

Vermont Mutual car services

Vermont Mutual does not appear to offer any additional car services aside from auto insurance coverage.

Vermont Mutual home insurance

Vermont Mutual did not make our list of best home insurance companies, due in part to its small regional size, but it could be a good choice for New England homeowners seeking cheap coverage, as well as for homeowners who want a company with regional service history and local agents. Vermont Mutual home insurance is available in Connecticut, Maine, Massachusetts, New Hampshire and Rhode Island. Coverage is also available in parts of upper New York State.

Compared to larger companies, the home coverage from Vermont Mutual is relatively basic, but there are a few endorsements that you could add to personalize your coverage. Options include Home Systems Protection, which covers parts and labor for several key household appliances, specialty property coverage and service line coverage.

There are also three broadening endorsements available: Enhancement Amendment, Advantage Endorsement and Elite Endorsement. By adding an expanded coverage level, homeowners could benefit from add-ons such as debris removal, identity fraud and other coverage types, depending on the package. Talking with an agent may help you gather more information about the endorsements available.

Vermont Mutual home insurance cost

On average, Vermont Mutual home insurance costs $658 per year for a policy with $250,000 in dwelling coverage. This is significantly less than the national average cost of home insurance, which is $1,312 per year for the same amount of coverage. Our research into average premiums shows that Vermont Mutual’s home insurance coverage is less than the national average across a range of coverage limits.

Dwelling coverage limit Vermont Mutual average annual premium National average annual premium
$150,000 $464 $898
$250,000 $658 $1,312
$350,000 $853 $1,723
$450,000 $1,057 $2,148

Vermont Mutual home insurance discounts

Unfortunately, Vermont Mutual does not list any home insurance discounts on its website. Local agents will likely have more information about the discounts offered — if any — in your area.

Vermont Mutual home services

No additional home services are listed on Vermont Mutual’s website.

Other Vermont Mutual perks worth considering

In addition to auto and home insurance, Vermont Mutual also provides these policy types:

  • Dwelling fire (landlord insurance policies)
  • Inland marine coverage (personal articles policies)
  • Personal umbrella policy
  • Business owners insurance
  • Business inland marine coverage
  • Business umbrella policy

Additionally, because Vermont Mutual is a regional carrier, its agents may be more familiar with the needs of New England and New York State policyholders, and can likely provide more localized coverage recommendations.

Vermont Mutual social responsibility

For a smaller insurance company, Vermont Mutual manages to give back in a big way. The provider’s charitable giving commitment focuses on four main areas: education, youth, community and basic safety needs. An application for the fund is available on Vermont Mutual’s website. Vermont Mutual also encourages its employees to volunteer in their communities and uses its platform to highlight the benefits of buying local insurance coverage to strengthen community economies.

Not sure if Vermont Mutual is right for you? Consider these alternatives

If you want to compare other providers to Vermont Mutual, it may be helpful to consider the following list of car insurance carriers.

  • Amica: With highly-rated customer service scores from J.D. Power, and high AM Best and Standard & Poor’s (S&P) financial strength ratings, Amica could be a strong option for insurance coverage, while allowing you to keep your business local. The carrier is headquartered in Rhode Island, but available nationwide (except Hawaii).
  • Nationwide: If you’re looking for a company with more products and services, Nationwide may be worth considering. The carrier offers both insurance and financial products for more complete financial planning.
  • USAA: If you are a current or past member of the armed forces, or a qualifying family member, USAA tends to be a popular choice for those who meet the eligibility criteria. The company gears its coverage options and discounts to military families and has historically earned some of the highest scores for financial strength and customer service.

Methodology

Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on 40-year-old male and female homeowners with a clean claim history, good credit and the following coverage limits:

Auto

  • $100,000 bodily injury liability per person
  • $300,000 bodily injury liability per accident
  • $50,000 property damage liability per accident
  • $100,000 uninsured motorist bodily injury per person
  • $300,000 uninsured motorist bodily injury per accident
  • $500 collision deductible
  • $500 comprehensive deductible

To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. Our sample drivers own a 2019 Toyota Camry, commute five days a week and drive 12,000 miles annually.

Age: Rates were calculated by evaluating our base profile with the age 16 (base: 40 years) applied. Depending on age, drivers may be a renter or homeowner. Hawaii rates indicate age is not a contributing factor.

Incidents: Rates were calculated by evaluating our base profile with the following incidents applied: clean record (base), single speeding ticket and a single DUI conviction.

Homeowners

  • Coverage A, Dwelling: $150,000, $250,000, $350,000, $450,000
  • Coverage B, Other Structures: $15,000, $25,000, $35,000, $45,000
  • Coverage C, Personal Property: $75,000, $125,000, $175,000, $225,000
  • Coverage D, Loss of Use: $30,000, $50,000, $70,000, $90,000
  • Coverage E, Liability: $300,000
  • Coverage F, Medical Payments: $1,000

The homeowners also have a $1,000 deductible and a separate wind and hail deductible (if required).

These are sample rates and should be used for comparative purposes only. Your quotes will differ.

Bankrate Scores

Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. We know it is important for drivers to be confident their financial protection covers the likeliest risks, is priced competitively and is provided by a financially-sound company with a history of positive customer support.

To determine how well the best car insurance companies satisfy these priorities, third-party agency ratings from J.D. Power, AM Best, S&P, NAIC, and Moody’s had the most impact on the companies’ Bankrate Scores. As price is a common consideration for drivers, we analyzed quoted premiums based on 40-year-old male and female drivers with a 2019 Toyota Camry. This profile, assessed across more than 35,000 ZIP codes in the U.S., provided a basis on which drivers may compare each provider.

While coverage options, insurer availability, affordability and customer experience are often the top priorities, Bankrate also analyzed each insurer’s online and mobile resources for policy management and claims handling. Insurance is rapidly evolving to keep pace with our digital world, so these aspects also carried weight in determining Bankrate Scores.

Written by
Cate Deventer
Insurance Writer & Editor
Cate Deventer is a writer, editor and insurance professional with over a decade of experience in the insurance industry as a licensed insurance agent.
Edited by
Insurance Editor