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The Best Homeowners Insurance in Delaware [2023]

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Find a top-ranked Homeowners Insurance Agency in your area

Delaware's low taxes, affordable housing and scenic beauty, make this tiny state a wonderful place to work and live. Widely known as the First State, Delaware was the first to ratify the U.S. Constitution making it a go-to state for any aspiring home buyers looking for charming and historical towns and stunning beaches. 

With all the benefits that come with living on the East Coast, the state is prone to natural disasters like tornadoes, hurricanes and flash floods, so it's important to know how best to protect your home and belongings.

If you own a home or are thinking of buying in Delaware, it’s important to compare homeowners insurance rates and find the coverage that works best for you. 

We at Expertise.com have analyzed a handful of insurance companies. We’ll uncover everything to know about homeowners insurance in Delaware and help you find the most comprehensive, cheapest coverage to suit your needs.

Average Cost of Homeowners Insurance in Delaware

According to Insurance.com, the average cost of homeowners insurance in Delaware is $1,521 a year. This amount can vary for Delaware residents depending on the type of coverage you need and where your home is located. Other factors that can determine your home insurance rates in Delaware include property value and local crime rates.

The cost of homeowners insurance in Delaware can differ vastly based on a few key factors:

  • The age of your home: Is your Delaware home an older home that is at risk of more structural wear and tear?

  • The square footage of your home: How big is your home? In general, larger homes will cost more to insure.

  • The materials used to build your home: Was your Delaware home built using materials prone to things like rotting or structural damage?

  • Building costs in your area: Because insurance deals with repairs and replacement, coverage increases with increased building costs.

  • The location in which you live: What are crime rates like? How close are you to a fire department? How close are you to water?

  • Any additional features: Does your house have a swimming pool or hot tub that could pose a potential risk to guests? Do you have pets, and if so, what are their breeds? Surprisingly, insurers will look at these things when assessing prices.

  • Your deductible: A higher deductible will decrease your premium, but could cost you more if you file a claim. Talk to your insurance provider about diminishing deductibles to get the best plan that suits your payment needs.

Delaware Homeowners Insurance Rates by City

Like most states, the cost of your homeowners insurance policy can vary greatly depending on where you live. 

Below is a breakdown of the average annual rate by city. For convenience we've highlighted the top five most populous cities for homeowners insurance.

City

Average annual rate

Wilmington

Dover

Newark

Middletown

Bear

Glasgow

The Best Homeowners Insurance in Delaware

After extensive research, we at Expertise.com found the following insurance agencies to provide the best, comprehensive coverage in Delaware:

State Farm logo

State Farm


Average Annual Rate: ~ $789

Notes: Best for service quality and expensive homes

Nationwide logo

Nationwide


Average Annual Rate: ~ $598

Notes: Best on a budget

Allstate logo

Allstate


Average Annual Rate: ~ $891

Notes: Best for bundling

Travelers logo

Travelers


Average Annual Rate: ~ $1,123

Notes: Best add-on coverage

American Family Insurance

American Family


Average Annual Rate: ~ $1,223

Notes: Best for deductibles

Cheapest Homeowners Insurance in Delaware

According to Insurance.com, the cheapest homeowners insurance coverage in Delaware is Nationwide. The company’s average annual premium for Delaware residents is $1,104 per year which is $417 less than the state average of $1,608.

It’s important to remember that prices vary depending on each person’s unique scenario, but if cost is the most important variable for you, check United's coverage options first. 

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Find Cheap Homeowners Insurance in Your Area

FAQs

Below, we tackle some common questions to help you make a more informed decision about which Delaware home insurance to choose specifically.

How to Reduce Homeowners Insurance Costs in Delaware

As we’ve pointed out, the price you pay for homeowners insurance can vary substantially across insurers. 

Here are a few ways to reduce costs:

  • Increase your deductible. This will help reduce monthly costs to your insurer, but it may mean paying more out of pocket should you need to make a claim. Similarly, paying your 6-month or 1-year premium in full will drive down monthly costs.

  • Bundle policies. Bundling your home and auto insurance can help you save 5–15% on your premiums. Talk to your insurance provider about home and car insurance bundling options and how that helps you save.

  • Take the necessary steps to make your home disaster-resistant. Some examples include:

    • Install a smoke detector and/or fire alarm.

    • Get a burglar alarm and/or dead-bolt locks.

    • Install a sprinkler system.

  • Nix the high-risk accessories. Similar to the above point, rid your home of things that are considered “high risk.” For example, did the kids go off to college? Time to throw out that trampoline that’s sitting in the backyard.

  • Seek out other discounts. Some things to look into:

    • Do you work from home? Insurance providers may feel you’re less prone to theft or may spot a fire or flood sooner.

    • Are you retired? You may qualify for a discount. 

    • Does your employer offer a group deal?

    • Even something as simple as choosing paperless billing can help you save!

  • Keep good credit. Some agencies will look at your credit history and charge less for those with good financial strength and standings.

As always, consult your insurance agent to see which of the above discounts you qualify for.

Delaware Insurance Options In Your City

At Expertise.com, our goal is to connect Delaware residents with the best local experts and agencies, so you can find the home insurance policy that safely insures your home and most prized possessions. 

View our list of the best homeowners insurance and other companies in Delaware here

Learn more about the best homeowners insurance options in Wilmington.

Our methodology evaluates each provider based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.