The Best Homeowners Insurance Companies and Cheapest Quotes in Delaware for 2021

Delaware homeowners purchase insurance to protect their homes from a variety of external threats. Using MoneyGeek’s ranking system, you can compare the top insurance providers in Delaware and their average costs to discover which policy is right for you and your family. You can also find the best and cheapest coverage choices for poor credit, expensive homes and homes with pools.

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The 4 Best Homeowners Insurance Companies in Delaware

Pricing is always important, but you also need to analyze other factors such as each provider’s coverage options, quality of customer service, number of complaints and ability to pay claims, among others. This detailed assessment can help you find the best insurer for your house.

MoneyGeek ranked the leading four companies and compared them using points such as the cost of their policies in Delaware, their J.D. Power customer satisfaction score and AM Best financial stability rating to help you find the best homeowners insurance in Delaware.


1
Nationwide
Score:94

5/5

Affordability

4.3/5

User Satisfaction

4.5/5

Financial Stability

More About Nationwide

Nationwide offers homeowners insurance policies that can protect your property against weather damage, lawsuits, fire, theft and other covered losses. This provider will replace or repair your covered possessions, regardless of condition or age, and they also provide discounts for customers who qualify. Nationwide's homeowners policies cover your home itself, along with other structures like detached garages and sheds, as well as personal property such as computers, appliances, furniture and clothing.

Read MoneyGeek's Nationwide home Insurance Review
2
Travelers
Score:90

4.7/5

Affordability

3.9/5

User Satisfaction

5/5

Financial Stability

More About Travelers

Travelers provides homeowners insurance policies that cover damages caused by dangers such as vandalism, lightning, hail, windstorms and fire. Typically, their basic plans do not cover damage from earthquakes and floods. You can buy optional policies and coverages to cover damage caused by additional risks. Travelers offers the following types of home insurance coverage: dwelling, other structures, personal property, loss of use and personal liability. Additional homeowners insurance coverages include special personal property, contents replacement cost, additional replacement cost protection, jewelry and valuable items, personal articles floater, water backup and sump pump discharge or overflow.

Read MoneyGeek's Travelers home Insurance Review
3
State Farm
Score:77

3.3/5

Affordability

4.1/5

User Satisfaction

5/5

Financial Stability

More About State Farm

State Farm's home insurance policies cover personal property even if you're holding items in storage, running errands or on vacation. Their coverage includes keepsakes, hobby items and home and garden accessories. It covers you from threats caused by nature, random acts, plumbing, electrical and other malfunctions. This provider also offers discounts for qualified homeowners.

Read MoneyGeek's State Farm home Insurance Review
4
Allstate
Score:73

3/5

Affordability

4.2/5

User Satisfaction

4.5/5

Financial Stability

More About Allstate

Allstate's standard homeowners insurance policies typically cover damage caused by fire and smoke, theft, falling objects, hail or windstorms, frozen plumbing, water heaters, plumbing and HVAC systems. In addition to standard coverage, you can choose optional coverage such as identity theft restoration, green improvement reimbursement, water backup, yard and garden, scheduled personal property, electronic data recovery, business property, musical instruments and sports equipment.

Read MoneyGeek's Allstate home Insurance Review

What Is the Average Cost of Homeowners Insurance in Delaware?

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home insurance is equal to the average.

Home insurance in Delaware costs an average of $717 annually for a dwelling coverage baseline amount of $250,000. This rate is 65.9% lower than the national average of $2,103. Providers estimate homeowners insurance in Delaware based on factors such as crime rate, home value and exposure to different weather conditions and natural perils.

Home Insurance Calculator: Estimate the Cost of Homeowners Insurance in Delaware

Your homeowners insurance cost is determined by area-related factors and your individual circumstances. Providers also consider elements such as your home’s age, dwelling value, roof quality, frequency of claims and your credit score to estimate homeowners insurance in Delaware.

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Home Insurance Calculator

State

Delaware

Dwelling Coverage

$250,000

Deductible

$500

Liability

$300,000

Personal Property

$50,000

Credit Score

Excellent
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low end

on average

high end

These are annual estimates. Get a personalized quote to determine your costs.

The Cheapest Homeowners Insurance Quotes in Delaware

For a dwelling coverage baseline amount of $250,000 in Delaware, Nationwide offers the cheapest average annual premium of $593. This rate is $124 or 17.3% less than the state average.

Cheapest Homeowners Insurance by Dwelling Coverage

Dwelling Coverage:

$250,000

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    Amountper year

Best Cheap Homeowners Insurance Companies for Expensive Homes

If you have an expensive home, you should look beyond getting cheap homeowners insurance. In Delaware, State Farm offers the most affordable policies for a $2 million property, with an average annual rate of $4,754. Other providers’ average prices can cost thousands more, so you should compare home insurance quotes before buying a suitable policy.

Cheapest Homeowners Insurance Companies for High-Value Homes

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Best Homeowners Insurance Companies if You Have a Pool

A pool requires a lot of maintenance and thus increases home insurance costs. Providers offer varying Delaware homeowners insurance rates for homes with pools that have an average dwelling price of $250,000. In this state, Nationwide presents the most affordable average annual premium of $639 for houses with a pool.

Cheapest Homeowners Insurance for Pool Home

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Cheapest Home Insurance in Delaware if You Have Poor Credit

To compute home insurance rates, carriers also evaluate your credit score. For homeowners with poor credit in Delaware, Nationwide provides the cheapest average annual premium of $593 for a dwelling coverage baseline amount of $250,000.

Cheapest Homeowners Insurance for Poor Credit

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How to Get Homeowners Insurance Quotes in Delaware

To get quotes for home insurance in Delaware, you need to provide the required details to the provider. This information includes your home’s address, age, construction materials, current condition, current market value and whether it’s a single-story or multi-story home. Other important details you should disclose are location, proximity to a fire department, recreational items, use of a security system and if you have obtained a home loan.

In addition, you should convey the amount of coverage you want and whether you store valuable objects in the home that require additional coverage. To get the best homeowners insurance in Delaware, you should obtain and compare individualized quotes from several carriers.

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Other Considerations for Homeowners Insurance in Delaware

Factors such as the average home value, weather risks and crime statistics in your region have an impact on your annual home insurance premium. For example, Delaware ranks 25th in the U.S. in terms of property crime rate per capita. FBI statistics reveal that there were 4,097 violent crimes and 22,481 property crimes in the state in 2018.

In terms of home value, Delaware ranks 23rd among all states. The average value of homes in this state is $254,108. If your area is prone to hazardous weather conditions like tornadoes and hurricanes, you should be adequately prepared for these emergencies by getting proper coverage.

Methodology

MoneyGeek analyzed homeowners insurance premiums from 16 of the top insurance companies in Delaware that were provided in partnership with Quadrant. Our analysis includes quotes from ZIP codes across Delaware. Quotes were gathered with an average home profile of 2,500 square feet, built in 2000, with an average dwelling coverage value of $250,000, liability coverage of $100,000 and personal property coverage of $100,000.

About the Author


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The MoneyGeek editorial team has decades of combined experience in writing and publishing information about how people should manage money and credit. Our editors have worked with numerous publications including The Washington Post, The Daily Business Review, HealthDay, and Time, Inc., and have won numerous journalism awards. Our talented team of contributing writers includes mortgage experts, veteran financial reporters, and award-winning journalists. Learn more about the MoneyGeek team.


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