Updated: November 29, 2024
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In Wilmington, DE, Travelers is both the overall best and cheapest choice for home insurance. If customer service is your priority, however, Nationwide is the best.
Choosing the best inexpensive home insurance depends on what you value, such as costs or how a company helps when you have questions or problems.
Best HomeInsuranceWilmington, DETable of Contents
Why Trust MoneyGeek? We used Delaware's Department of Insurance and Quadrant Information Services to find the top homeowners insurance in Wilmington, ensuring that our advice is data-driven.
Home insurance premiums in Wilmington indicate the most competitive rates as of September 2024.
MoneyGeek found that Travelers is the best option in Wilmington, DE, with a MoneyGeek score of 91 out of 100 for $100K dwelling coverage.
The scores for home insurance companies in Wilmington, DE, range from 34 to 91. These figures are based on MoneyGeek's scoring system, and insurers may have different scores depending on your credit history and the age of your home.
| Travelers | 91 | $421 |
| State Farm | 80 | $538 |
| Encompass | 69 | $508 |
| Nationwide | 55 | $712 |
| Homesite | 34 | $708 |
MoneyGeek found that Travelers is the best option for $100K dwelling coverage in Wilmington, DE. When it comes to protecting your home in Wilmington, the two best overall home insurance providers for $100K dwelling coverage are:
Travelers stands out as the best home insurance provider due to its balance of affordability and customer satisfaction.
Wilmington, DE, homeowners have a choice among various companies, each offering different costs and service experiences. While affordability is key, other factors — such as customer support and coverage options — are important, especially when filing a claim.
Travelers stands out with a MoneyGeek Score of 91, thanks to its strong affordability and coverage scores. It offers comprehensive home insurance, including scheduled personal property and personal property replacement cost. Travelers also provides discounts like bundle and newly purchased homes. You can save up to 12% by combining policies, and if you've bought your home in the last year, you might qualify for another discount.
Travelers offers useful coverages for homeowners. Scheduled personal property coverage protects valuable items like jewelry. Personal property replacement cost covers losses without depreciation. Energy efficiency upgrade helps rebuild with green materials.
MoneyGeek found that Nationwide offers the best customer service in home insurance in Wilmington, DE, for 100K dwelling coverage. Here are the top two providers:
Nationwide stands out due to its high coverage score. It provides comprehensive coverage options that give you confidence in your protection. Nationwide is a reliable choice because of its strong customer service. Excellent service in home insurance means being responsive and effectively addressing customer needs.
Nationwide scores high in customer satisfaction and coverage, making it a top choice. It offers rare coverages like cyber event/ID theft and scheduled personal property. You can save with discounts when you bundle home and auto insurance.
Nationwide offers useful coverages like equipment breakdown, which helps fix broken home systems, and service line, which protects against damage to underground lines. Building ordinance or law coverage helps rebuild homes to current codes.
MoneyGeek found that Travelers is the best cheap home insurance option in Wilmington, NC, for $100K dwelling coverage. The top two best cheap insurance providers for $100K dwelling coverage are:
Travelers stands out for its high affordability score which is the leading contributor to its top rank. While cheap home insurance often equates to lower coverage, it's important to ensure you have adequate protection in the event of an incident. In situations where saving on premiums is a priority, considering the most affordable homeowner insurance companies may be beneficial.
What sets the best cheap home insurance apart from the cheapest is its value for money, balancing cost with the coverage that meets a homeowner's needs without being expensive.
Travelers is the best cheap company, with a high MoneyGeek Score due to its affordability and satisfaction. It offers comprehensive home insurance with scheduled personal property and personal property replacement cost. You can save with discounts like bundles and newly purchased homes. A bundle discount saves up to 12% if you have multiple policies.
Travelers offers useful coverages like personal property replacement cost, which helps replace items without depreciation. Scheduled personal property covers valuable items like jewelry. Energy efficiency upgrade helps rebuild with green materials.
MoneyGeek’s home insurance calculator will give you a ballpark estimate of your cost — it’s free, no personal information required, no spam.
Rates updated:
Dec 12, 2024
Homeowners insurance in Wilmington is affected by many factors, including location. Comparing rates is essential to save money, though it may take up to 15 minutes per company, requiring over an hour of research. Use MoneyGeek's home insurance calculator for instant savings by entering age, dwelling coverage, credit score, deductible, liability coverage and a few other details.
Travelers offers the best option for cheap home insurance in Wilmington, DE. The following companies offer the lowest annual premiums in their respective dwelling coverage categories:
Travelers stands out as the cheapest in Wilmington, DE, offering excellent value. While 100K and 250K policies are the most cost-effective, Travelers' 500K policy also provides a strong combination of affordability and coverage. Choosing the right amount of dwelling coverage is essential as it significantly affects the insurance premium.
Choosing the cheapest homeowners insurance in Delaware helps you manage finances effectively.
| Travelers | $421 |
| Encompass | $508 |
| State Farm | $538 |
| Homesite | $708 |
| Nationwide | $712 |
For high-value homes in Wilmington, DE, Travelers offers the lowest yearly cost for a $750K dwelling coverage policy. Higher home values require more insurance because it costs more to fix or rebuild them, which is why home insurance costs can be higher.
Travelers stands out as the cheapest in Wilmington, offering competitive rates. According to MoneyGeek, Travelers also performs well in other key areas, enhancing its overall value proposition for homeowners.
| Travelers | $2,088 |
| Encompass | $2,112 |
| State Farm | $2,470 |
| Homesite | $3,683 |
| Nationwide | $4,574 |
Travelers offers the most affordable home insurance for new homes in Wilmington, DE.
Travelers stands out as the cheapest option in Wilmington, DE, for its low cost compared to others. While it's important to find affordable insurance, ensure you are also adequately covered.
| Travelers | $287 |
| State Farm | $318 |
| Encompass | $328 |
| Homesite | $480 |
| Nationwide | $530 |
The best cheap homeowners insurance balances quality and cost, offering great service and coverage with affordable premiums. In Wilmington, the best cheap homeowners insurance depends on your needs. Consider factors like coverage options, customer reviews and financial stability.
To guide you through the process, we outlined key factors to consider when seeking the best and most affordable homeowners insurance for your home.
To figure out how much home insurance coverage you need, consider the specifics of your home in Wilmington, DE. Assess rebuilding costs, personal property value and liability requirements.
Research insurance companies serving Wilmington, DE. Look for those with strong financial stability, good customer reviews and a track record of quality service.
Once you know what coverages you need, compare home insurance quotes. For a dwelling coverage of $100K in Wilmington, DE, premiums can vary from as low as $421 to as high as $712 annually.
Inquire with each provider about possible discounts you might be eligible for, such as bundling policies, installing safety features or maintaining a claims-free record.
Opting for a higher home insurance deductible can lower your premium. Ensure it's an amount you can afford to pay in case of a claim.
Installing security systems and robust locks can reduce the risk profile of your home and potentially lower insurance costs.
Keep a good credit score as it can affect your insurance rates in Wilmington, DE. Pay bills on time and reduce outstanding debt.
Consider bundling your homeowners insurance with other policies like auto insurance. This can lead to significant discounts and savings.
The best cheap home insurance provider for you in Wilmington depends on your coverage needs and budget. Get answers to some of the most commonly asked questions about best cheap insurance rates in Wilmington, Delaware.
The average home insurance cost in Wilmington, Delaware, is $483.
The cheapest home insurance provider in Wilmington, Delaware, is Travelers with an annual premium of $421.
The best home insurance in Delaware for Wilmington residents is provided by Travelers, with a MoneyGeek score of 91 out of 100.
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.
