Rutland Home Insurance

Rutland home insurance is the financial security you need as a homeowner.

Compare, shop and customize quotes from top-rated insurance carriers.

Welcome to Rutland

Rutland is a city with mountainous views and proximity to lakes. It is the county seat of Rutland County, located in the Killington Valley. Residents of the picturesque community have access to the historic downtown area, which has several restaurants and performing arts venues.

The population of Rutland, VT, as of 2021, is 15,934 residents. with a median age of 48.7 years. The average household income in the city is $51,868.

Homeownership

The homeownership rate in the city is 55.5%, roughly the same as the national average. The median property value in the area was $153,700 in 2021, lower than the national average, making Rutland an affordable place to live. Having home insurance will help protect this asset.

Climate

Rutland experiences a humid continental climate, meaning the city usually has warm, moist summers and cold, snowy winters. Regarding weather or climate risks, the city is pretty tame. Wind, fire, and heat factors are all minor, with no significant risks to most homes.

That said, 11% of all properties in the city are at risk of flooding over the next 30 years. Rutland has 394 properties with a 26% chance of severe flooding within that time. Homeowners in the affected areas may consider flood insurance to avoid potential financial risks.

Crime

Despite the picturesque landscape, Rutland is not among the safest places to live in the United States or Vermont. According to NeighborhoodScout, 99% of Vermont communities have a lower crime rate than Rutland. A person has a one in 25 chance of becoming a victim of violent or property crime in the city.

Homeowners concerned about their property investment should pay special attention to the property crime risk in the city. At a rate of 35 per 1,000 residents, a person has a one in 28 chance of experiencing a property crime in Rutland, including theft, vandalism and arson.

The Importance of Insurance

Home insurance is not required in the state, but it is advisable. Also, if you have a mortgage, which most homeowners do, lenders typically require insurance in the terms of the mortgage agreement. Even if you own your home outright, the threat of property crime should be enough to motivate the purchase of Rutland home insurance.

VIU by HUB is an excellent tool for comparing several policies and coverage options. The service allows you to review multiple insurers and policies in one place and on one page. By looking over the highlights of specific policies, you can narrow them down by cost and coverage options to find the best option for you. As you assess your choices, make sure that all include basic protections for:

Dwelling
Personal property
Personal liability
Loss of use
Typical perils (fire, smoke, theft, vandalism and weather events)

Average Insurance Premiums

The cost of Rutland home insurance is, on average, $1,383, which is higher than the state average but lower than the national average. The reason for the increased cost might be the crime rate in the city, with many insurers finding the area risky.

Homeowners can lower premium costs with effort. For example, bundling home and auto insurance can unlock discounts. Also, insurers may offer savings if you improve home security with lights, gates, and other measures.