Given the threat of severe coastal storms and wintry weather, Delaware residents will want a solid homeowners insurance policy to ensure their homes are well protected.
Even with these weather threats, the average cost of homeowners insurance in Delaware is just $918 per year or $77 a month. This is almost 50% cheaper than the national average of $1,754 per year.
But there are other factors you should consider when choosing an insurer. Not sure what to look for? Policygenius can help you figure out your coverage needs and compare quotes from multiple top companies in Delaware.
Methodology & why you can trust our rates
Policygenius has analyzed home insurance rates provided by Quadrant Information Services in March 2022 for ZIP codes in all 50 states plus Washington, D.C., for a 40-year-old female homeowner with no claim history, good credit, a $1,000 deductible, and the following coverage limits:
Dwelling: $300,000
Other structures: $30,000
Personal property: $150,000
Loss of use: $60,000
Liability: $300,000
Medical: $1,000
All rates based on the above coverage limits except where otherwise noted.
Some carriers may be represented by affiliates or subsidiaries. Rates provided are a sample of costs. Your actual quotes may differ.
Compare the best homeowners insurance companies in Delaware
According to our analysis, State Farm, Nationwide, Homesite, Allstate, and Travelers are the best homeowners insurance companies in Delaware.
Policygenius analyzed thousands of quotes the largest Delaware insurers to find the average cost of homeowners insurance at each company. We then looked at J.D. Power customer satisfaction scores and compared that with the coverage needs of the state's residents to find the best homeowners insurance in Delaware.
Company | Average monthly cost | Policygenius rating |
|---|---|---|
$77 | 4.8 out of 5 | |
$62 | 4.5 out of 5 | |
$104 | 4.5 out of 5 | |
$92 | 4.4 out of 5 | |
$79 | 4.4 out of 5 |
2023 Policygenius award winner
State Farm
4.8
Bundle home & auto
Offers extended replacement cost
Offers flood insurance
Offers earthquake insurance
Wind/hail deductible
Offers wildfire insurance
Why we chose it
State Farm is one of the best home insurance companies in Delaware thanks to its large selection of policy options, high customer service marks, and industry-best financial stability ratings.
Pros and cons
Pros
Top-tier coverage add-ons, including extended replacement cost coverage
High customer satisfaction and financial strength ratings
Cons
No discounts for first-time homebuyers
Rates are about average in Delaware
More details
Why we chose State Farm
State Farm is the best home insurance company in Delaware, especially if you want to add coverage to a basic policy. State Farm lets homeowners get extended replacement cost coverage for their homes, replacement cost coverage for their personal property, water backup protection, and more.
State Farm's customer service is highly rated, too. The company has received high ratings from policyholders, according to J.D. Power’s 2022 customer satisfaction, claims, and digital experience surveys. It has also received the highest rating possible from A.M. Best for financial strength and stability.
How do State Farm home insurance rates compare to the Delaware average?
The average cost of home insurance from State Farm in Delaware is $918 per year, which is only 1% more expensive than the statewide average.
How to get a quote
Online through State Farm or by contacting your local State Farm agent.
2023 Policygenius award winner
Nationwide
4.5
Bundle home & auto
Mobile app
New homebuyer discount
Offers extended replacement cost
Why we chose it
Nationwide is one of the best home insurance companies in Delaware for top-rated customer service. Nationwide also offers cheap home insurance rates and a range of add-ons that you can use to personalize your coverage.
Pros and cons
Pros
Cheaper rates than average in Delaware
Receives fewer complaints than average
Multiple high-quality coverage options
Cons
Below-average digital experience ratings
More details
Why we chose Nationwide
Nationwide is one of the best home insurance companies in Delaware for its great customer service. Nationwide ranks fifth on J.D. Power's Property Claims Satisfaction Study from 2022 and receives far fewer complaints than other insurers, according to the National Association of Insurance Commissioners.
We also like Nationwide's many coverage options, including guaranteed and extended replacement cost coverages, better roof replacement, new belongings coverage, water backup protection, and equipment breakdown coverage.
Nationwide's rates are cheaper than average in Delaware, plus you could lower your premiums even more with the company's discounts. These include discounts for bundling, renovating your home, buying a new home, and others.
How do Nationwide home insurance rates compare to the Delaware average?
The average cost of Nationwide home insurance in Delaware is $739 per year, which is 19% cheaper than the annual statewide average.
How to get a quote
Online through Policygenius or Nationwide
Homesite
4.3
Bundle home & auto
New homebuyer discount
Offers flood insurance
Offers earthquake insurance
Offers extended replacement cost
Offers wildfire insurance
Why we chose it
Even though it's more expensive than average in the state, Homesite has some of the best home insurance in Delaware. You can choose from 15 policy add-ons to ensure your home is fully protected.
Pros and cons
Pros
15 policy add-ons for extra protection, including extended replacement cost coverage
Offers flood and earthquake insurance, plus complimentary wildfire protection and mitigation services
Cons
Low score in J.D. Power’s claims satisfaction study
Rates are more expensive than average in Delaware
More details
Why we chose it
We chose Homesite as one of the best home insurance companies in Delaware because of its range of coverage options. These include guaranteed and extended replacement cost coverage, water backup protection, equipment breakdown coverage, and others.
Homesite also has decent customer service scores. The company scored below average on the J.D. Power Claims Satisfaction study, but it receives fewer complaints than expected according to the National Association of Insurance Commissioners.
How much does Homesite home insurance cost in Delaware?
The average cost of Homesite home insurance in Delaware is $1,242 per year, which is 35% cheaper than the statewide average.
How to get a quote
You can get a quote from Homesite by visiting Homesite’s website or by calling the company.
2023 Policygenius award winner
Allstate
4.5
Bundle home & auto
Smart home discounts
Why we chose it
Allstate is one of the top home insurance companies in Delaware. While its rates are higher than average in the state, Allstate also offers a few add-ons that can make a basic policy stronger.
Pros and cons
Pros
Offers HostAdvantage for short-term rental coverage
Offers water backup protection, other endorsements
Cons
Beginning to pull back coverage in high-risk areas
Higher rates than average in Delaware
More details
Why we chose Allstate
Allstate is a top home insurance company in Delaware. We like that Allstate offers some home insurance coverages that you can add to your policy for more protection, like water backup protection, scheduled personal property coverage, and identity theft restoration coverage.
If you're looking to cover your short-term rental, Allstate's HostAdvantage is another perk. HostAdvantage comes with theft protection, coverage for your damaged property ($10,000 per host period), and a $25 discount on cleaning services from Merry Maids.
How do Allstate home insurance rates compare to the Delaware average?
The annual average cost of Allstate home insurance in Delaware is $1,102 per year, which is 20% more expensive than the statewide average.
How to get a quote
Online through Policygenius or Allstate, or by contacting a local Allstate agent.
Travelers
4.4
Bundle home & auto
New homebuyer discount
Mobile app
Offers extended replacement cost
Offers flood insurance
Why we chose it
Travelers offers some of the best homeowners insurance in Delaware despite slightly higher-than-average rates thanks to industry-best financial ratings and flexible policy options for most home types.
Pros and cons
Pros
Green home coverage and discounts
Offers short-term rental coverage for Airbnb hosts
Doesn’t require prior insurance on the home
Cons
Subpar customer service ratings with J.D. Power
Underwhelming number of available discounts
Rates are about average in Delaware
More details
Why we chose Travelers
Travelers is one of the best home insurance companies in Delaware. One of the best parts of Travelers is that the company is willing to cover risks that other insurers typically won't, including property owners with no prior coverage, insurance for short-term rentals, and trampoline coverage.
We also like that Travelers offers a range of policy options that you can use to increase your coverage. These include extended replacement cost for your home and replacement cost coverage for your property, special personal property coverage, and water backup protection.
How do Travelers home insurance rates compare to the Delaware average?
The average cost of Travelers home insurance in Delaware is $953 per year, which is 4% more expensive than the statewide average.
How to get a quote
Online through Policygenius or Travelers
How much is homeowners insurance in Delaware?
The average cost of homeowners insurance in Delaware is $918 per year, or $77 a month, for an insurance policy with $300,000 in dwelling coverage. This means insurance in Delaware is 48% cheaper than the national average per year.
Delaware homeowners insurance rates by city
We calculated the cost of home insurance in Delaware's largest cities and found that Middletown is the cheapest big city for homeowners insurance in the state, while Millsboro is the most expensive.
Here’s a look at the average cost of home insurance in the 20 largest cities in Delaware.
City | Average monthly cost | Average annual cost | Difference from state average (%) |
|---|---|---|---|
Wilmington | $68 | $816 | -11% |
Dover | $74 | $887 | -3% |
Newark | $68 | $815 | -11% |
Middletown | $67 | $803 | -13% |
Smyrna | $70 | $836 | -9% |
Milford | $90 | $1,079 | 18% |
Seaford | $86 | $1,033 | 13% |
Georgetown | $92 | $1,106 | 20% |
Millsboro | $102 | $1,228 | 34% |
New Castle | $68 | $813 | -11% |
Clayton | $71 | $856 | -7% |
Camden | $72 | $865 | -6% |
Laurel | $89 | $1,072 | 17% |
Harrington | $81 | $969 | 6% |
Milton | $87 | $1,041 | 13% |
Lewes | $98 | $1,171 | 28% |
Selbyville | $79 | $952 | 4% |
Ocean View | $98 | $1,175 | 28% |
Townsend | $69 | $824 | -10% |
Bridgeville | $83 | $1,001 | 9% |
Delaware homeowners insurance rates by coverage amount
The table below highlights the average annual premium in Delaware for five different levels of dwelling coverage, which is the part of your policy that covers structural damage to your home.
Generally speaking, more dwelling coverage means higher homeowners insurance rates, as shown in the table below.
Dwelling coverage limit | Average annual cost |
|---|---|
$100,000 | $457 |
$200,000 | $684 |
$300,000 | $918 |
$400,000 | $1,161 |
$500,000 | $1,472 |
Cheapest homeowners insurance companies in Delaware
Based on our analysis of home insurance rates in every one of the state's ZIP codes, we found that the cheapest home insurance companies in Delaware are Cumberland Mutual and Nationwide.
Company | Average annual cost |
|---|---|
Cumberland Mutual | $571 |
$739 | |
$926 | |
$953 | |
$1,102 | |
$1,242 |
Cheapest Delaware homeowners insurance if you have poor credit
If you have a poor credit score, your insurance rates are likely to be higher. This is because insurance companies connect having poor credit with being more likely to make a future claim.
With an average rate of $739 per year, Nationwide has the cheapest home insurance rates in Delaware for a homeowner with poor credit.
Company | Average annual cost |
|---|---|
Nationwide | $739 |
Cumberland Mutual | $1,094 |
State Farm | $1,568 |
Travelers | $1,673 |
Allstate | $1,825 |
Homesite | $2,290 |
Cheapest Delaware homeowners insurance if you have an older home
It can cost a lot to insure older homes. That's because they're more prone to structural damage than new homes. Older homes are also often constructed out of materials and with features that would be expensive to replace if they were damaged.
With an average annual premium of $615, Cumberland Mutual offers the cheapest home insurance rates in Delaware for a home over 100 years old.
Company | Average annual cost |
|---|---|
Cumberland Mutual | $615 |
Nationwide | $826 |
State Farm | $930 |
Allstate | $1,102 |
Travelers | $1,195 |
Homesite | $1,355 |
Cheapest Delaware homeowners insurance if you have a history of claims
If you have multiple claims on your record, you'll typically pay more for home insurance, as insurers will consider you more likely to file future claims than a homeowner with a spotless claims history.
With an average annual premium of $1,000, Cumberland Mutual offers the cheapest home insurance rates in Delaware if you've filed three claims within a five-year period.
Company | Average annual cost |
|---|---|
Cumberland Mutual | $1,000 |
State Farm | $1,061 |
Nationwide | $1,638 |
Allstate | $1,726 |
Travelers | $1,875 |
Homesite | $2,032 |
Coverage options in Delaware
When looking at how much each insurance company charges for different coverage levels and risks, you should also be aware of what your policy does and doesn’t cover.
Before you buy homeowners insurance in Massachusetts, you should be sure you're protected against flooding and wintry weather.
Flood insurance
Homeowners insurance doesn't cover damage from floods. While only a almost 6% of homes in Delaware have flood insurance, you should consider getting a flood insurance policy if you live near the coast or in a low-lying part of the state.
Some companies offer flood endorsements or even separate flood insurance policies. Delaware homeowners can compare private flood insurance companies in the state with Policygenius, or choose a policy through a government entity like the National Flood Insurance Program (NFIP).
Insurance for wintry weather
It's possible that the wintry weather in Delaware could lead to conditions that damage your home, like heavy snow and fierce winds. Fortunately, most home insurance policies cover damage from wintry weather, like windstorms, frozen pipes, collapsed roofs, and more.
That said, it's always a good idea to make sure that your home is fully protected by adding extended or guaranteed replacement cost coverage to your dwelling coverage if it's available. That way, you will have enough insurance to fully rebuild your home if it were damaged.
How to buy homeowners insurance in Delaware
Delaware homeowners have to be prepared for a lot of inclement, wet weather. With the risk of severe wind damage being so high in coastal states like Delaware, it’s important to compare policies from multiple companies to make sure you’re getting the best coverage at the fairest price.
Frequently asked questions
What is the average cost of homeowners insurance in Delaware?
The average cost of homeowners insurance in Delaware is $77 per month or $918 per year.
Will my rates go up when I file a home insurance claim?
In general, filing claims can cause your premiums to go up, but it will often depend on what type of claim you file. Premium increases are most common after a theft, dog bite, or water damage claim.
How much home insurance coverage do I need?
The amount of coverage you need is usually based on the cost to rebuild your home. You shouldn't base your coverage amount on the purchase price or market value of your home because those numbers have no bearing on build prices.
