Vermont has relatively low home insurance costs

Vermont Business Magazine Winooski has one of the lowest homeowners' insurance rates in the nation. The highest rate belongs to ZIP code 33070, home to Islamorada Village of Islands, on Plantation Key in Florida, according to Insurance.com's analysis of average rates for nearly every ZIP code in the country. The highest rate in Vermont was in Beebe Plain (Derby) at $1,282. The other low rates also were in Chittenden County, which tends to have the highest home costs.

ZIP codes in Louise, Texas and Mobile, Alabama, rank second and third, respectively, according to Insurance.com, an independent consumer guide to insurance.

Homeowners can enter a ZIP code in Insurance.com's average home insurance rates tool to see the average premium for the location, as well as the highest and lowest rates from among six insurers. You can get a customized rate by choosing from among 10 coverage levels, so you know what to expect to pay and can see how much you can save by comparing home insurance companies.

Home insurance companies consider many factors when setting rates. Chief among them are your home's location, which reflects its exposure to hazards, such as storm damage, wild fires, burglaries and so on, your home's value and the cost to rebuild it, as well as your credit history, in states that allow that practice.

"Rates can fluctuate significantly from state to state, or even neighborhood to neighborhood, depending on how insurers assess the various things they look at," said Michelle Megna, editorial director of Insurance.com. "That's why, regardless of where you live, if you don't compare rates, you can wind up overpaying by hundreds, sometimes thousands, of dollars."

Top 5 most expensive locations for home insurance rates are:

The 5 cheapest locations for home insurance are:

MOST & LEAST EXPENSIVE ZIP CODES in Vermont

Rankings for the priciest ZIP codes were determined by identifying the ZIP code with the highest average rate for home insurance in each state and then listing them in descending order. For the cheapest ZIP codes, rankings were determined by identifying the ZIP code with the least expensive average rate for home insurance and then listing them in ascending order.

For the full insurance guide, survey results and expert tips, you can read an overview here, entitled Average Home Insurance Rates.

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Insurance.com is a trusted online resource dedicated to educating consumers on auto, home, health and life insurance, developing relationships directly with carriers to offer consumers comparison rates from multiple companies. Since 2001, Insurance.com's industry-first online tools, data-based reporting and experienced experts have helped consumers make informed insurance-related decisions, so they can choose the right insurance for their individual needs.

SOURCE FOSTER CITY, Calif., March 31, 2020 /PRNewswire/ -- Insurance.com https://www.insurance.com/