The Best Homeowners Insurance Companies in Delaware (2022)
Homeowners looking for the best home insurance companies in Delaware should consider quality customer service, claims experience, affordability and financial strength. MoneyGeek evaluated several insurers in the state using these criteria and found that Nationwide ranked first. Remember that the best insurance company for you may vary depending on your unique profile.
The best home insurance in Delaware is provided by Nationwide. Other companies ranked first in MoneyGeek’s study for varying categories. For example, the best insurer for bundling is State Farm, and USAA is the top option if you have a military background. Our scoring system determines which insurers in Delaware are ideal for various homeowner profiles. Our analysis includes their coverages and discounts, so you can determine which one fits your needs best.
If you’re more concerned with savings than service quality, MoneyGeek also analyzed the cheapest home insurance companies in Delaware.
The Best Homeowners Insurance in Delaware
The Best Overall Homeowners Insurance Companies in Delaware
MoneyGeek’s analysis factors in satisfaction scores, claims ratings, financial stability and cost. These are significant areas that help determine which companies offer the best home insurance in Delaware.
The best-rated home insurance companies in Delaware are:
- Nationwide: MoneyGeek score of 85 out of 100
- Travelers: MoneyGeek score of 81 out of 100
MoneyGeek analyzed why Nationwide and Travelers are considered the best-rated home insurance companies in Delaware. We looked at the unique coverages and discounts that may be available to you by provider.
The Top Home Insurance Companies in Delaware
Nationwide scored 4.5 in affordability and a perfect 5-star rating in financial stability. On average, you can purchase a home insurance policy for $593 per year. Nationwide also offers unique coverages, such as better roof replacement.
Better roof replacement allows you to rebuild after a covered loss, using materials guaranteed to improve the safety and durability of your property. It is a rare add-on coverage, and not all insurers offer this benefit. You can also take advantage of more common add-ons like extended reimbursement. It helps cover the cost of rebuilding your home and extends your coverage by 20% if necessary.
Travelers received a rating of 4.73 in affordability and scored 5 out of 5 stars in financial strength. You can choose to add unique coverages to your policy, like an energy efficiency upgrade. On average, a home insurance policy costs $626 per year.
Most of Traveler’s add-on coverages aren’t rare. The exception is the energy efficiency upgrade, which covers expenses for repairing or rebuilding your home using environment-friendly materials. If your house becomes a certified “green home” by the Leadership Energy and Environmental Design (LEED) organization, you can get as much as a 5% discount.
MoneyGeek used several data sets to determine which companies offer the best home insurance across the nation and in Delaware. These included customer satisfaction scores and claims ratings from J.D. Power and home insurance quotes from several insurers in the state.
The Best Homeowners Companies in Delaware for Service Quality
Some homeowners prefer to purchase insurance from a company best known for giving quality service, even if it means paying a more expensive premium. Keeping this in mind, MoneyGeek identified the top insurers in the state using claims experience and user satisfaction as the basis.
The best home insurance companies in Delaware for quality service are:
- State Farm: MoneyGeek score of 81 out of 100
- Nationwide: MoneyGeek score of 81 out of 100
MoneyGeek details why State Farm and Nationwide ranked highest in this category, making them the best option for homeowners who want stellar service regardless of cost.
The Top Home Insurance Companies in Delaware for Quality Service
Nationwide’s score for claims experience is 4.40. Customers are generally satisfied with how their claims are processed. Its score for customer satisfaction is lower.
Although Nationwide’s one rare add-on coverage is better roof replacement, it offers an array of common coverages, such as Brand New Belongings. If a covered loss leaves your personal property damaged, you’ll receive its depreciated value. Once you’ve purchased replacements, Nationwide pays for the difference. Coverage for ID Theft can help with costs from loss of personal data.
State Farm received a score of 4.09 in customer satisfaction, indicating that its processes and offerings are considered high-quality. It has a lower score for claims experience.
If you’re part of a Homeowners Association (HOA), you can add Loss Assessment coverage. It’ll help with your part of a covered loss as assessed by your HOA. You may also purchase Home Rental coverage. This coverage protects your home if you rent it out (regardless of whether it's a room or the entire unit) for more than 30 days annually.
The Best Homeowners Companies in Delaware on a Budget
Affordability is a concern for most homeowners. If you’re looking for an insurance company that provides excellent service while allowing you to work within a budget, MoneyGeek’s analysis takes these factors into account.
The best home insurance companies in Delaware for homeowners on a budget are:
- Nationwide: MoneyGeek score of 92 out of 100
- Travelers: MoneyGeek score of 88 out of 100
These two insurers offer the most affordable home insurance in Delaware. Nationwide’s policy costs $593 per year on average. You can purchase home insurance from Travelers for an annual average premium of $626.
Besides low rates, MoneyGeek shares information regarding Nationwide’s credibility as the best option for homeowners on a budget.
The Top Home Insurance Companies in Delaware on a Budget
Home insurance is affordable at $593 per year on average
Lower rates with discounts like home buyer, continuously insured and gated community
Doesn’t offer a discount on new homes
MoneyGeek satisfaction rating is 3.86
Among the companies included in MoneyGeek’s study, Nationwide offers the most affordable rates for home insurance at $593 per year on average. It’s possible to receive a lower rate by taking advantage of various discounts.
Nationwide offers unique discounts. For example, you can receive a lower rate if you remain claims-free. If you have security devices installed in your home, you qualify for a protective device discount. And, Home Buyer helps you save if you purchased a house within the last year. Your roof’s age and surface type may result in an even lower rate. Home Buyer and Better Roof Replacement discounts are rare, so you may not find them with other insurers.
The Best Homeowners Companies in Delaware for Expensive Homes
A high-value home may have different insurance needs compared to others. MoneyGeek’s analysis weighed insurance costs for expensive homes (those that take around $2 million to rebuild) against customer service.
In Delaware, the companies with the best home insurance for expensive homes are:
- State Farm: MoneyGeek score of 85 out of 100
- Allstate: MoneyGeek score of 79 out of 100
MoneyGeek broke down the reasons why State Farm placed first in this category. We also explored the various coverages it offers that may be an asset to homeowners with more insurance needs.
The Top Home Insurance Companies in Delaware for High-Value Homes
It offers affordable home insurance for expensive homes at $4,754 per year on average
Has a MoneyGeek score of 4.09 for customer satisfaction
Does not offer extended reimbursement as a possible add-on coverage
State Farm received a high score for customer satisfaction and offers home insurance at an affordable price.
You may find some of State Farms’ add-on coverages beneficial if you have a luxury home. For example, Scheduled Personal Property provides additional protection for high-value items. Its typical limits are:
- $2,500 for furs and jewelry
- $2,500 for goldware and silverware
- $2,500 for firearms
- $1,500 for business property
- $500 for fire department service charge
You may also consider adding Cyber Event / ID Theft coverage to ensure reimbursement of expenses in the event of needed data recovery and system restoration.
The Best Homeowners Companies in Delaware for Veterans
MoneyGeek evaluated various insurance companies to identify which one is ideal for homeowners from military families. Our study led us to USAA. It has an overall MoneyGeek score of 95 out of 100. USAA’s policies are tailored to meet the needs of military members and their families.
The Top Home Insurance Companies in Delaware for Veterans
Offers policies that cater to the specific needs of homeowners in the military
MoneyGeek 5-star rating for satisfaction
MoneyGeek 4.26-star rating for affordability
Policies are only available to current or former members of the military
USAA received high scores for both affordability and satisfaction. Its scores are 4.26 and 5, respectively.
When you purchase home insurance from USAA, your policy automatically includes Contents Replacement Cost coverage. USAA reimburses personal property loss at the current replacement price. You can also add Home Sharing Coverage if you’re renting out a room in your home or the entire unit, which helps protect you and your guests. USAA also offers opportunities to lower rates. For example, you can save money if you’re able to remain claim-free for five years or longer.
The Best Homeowners Companies in Delaware for Bundling
Homeowners with vehicles are typically in the market for auto insurance as well, if they don’t already have a policy. Purchasing both policies from the same insurer can result in savings. MoneyGeek evaluated insurers in Delaware based on the car and home insurance bundles they offer.
The companies offering the best home insurance policies bundled with the best auto insurance in Delaware are:
- State Farm: MoneyGeek score of 81 out of 100
- Nationwide: MoneyGeek score of 78 out of 100
Bundling your home and car insurance policies can lead to significant discounts. From an administrative point of view, it also means you only need to familiarize yourself with one company and its processes.
The Top Home Insurance Companies in Delaware for Bundling
Offers a 22% discount for bundling home and car insurance
Overall MoneyGeek score for home insurance is 3.89
Overall MoneyGeek score for auto insurance is 3.69
You can find several unique add-on coverages for your home insurance policy. One example is mold coverage, which has a limit of $20,000. It can help you with expenses should you find mold or fungus in your home. You can also protect yourself against damages from vandalism or broken glass if your house remains unoccupied for more than 30 days. If you work for a rideshare company, take advantage of its rideshare coverage. It ensures that you're protected even between passengers.
How to Find the Best Home Insurance in Delaware
MoneyGeek’s study identifies the best home insurance companies in Delaware using several factors. Our internal rating system looks at affordability, financial strength and service quality. If you want to go through the process by yourself, you can. The steps are simple and easy to execute.
Research Customer Service Reputations in Delaware
MoneyGeek’s analysis already provides you with insurance companies’ satisfaction ratings. If searching on your own, look up insurers’ J.D. Power satisfaction ratings. NAIC provides a company’s claims ratio in Delaware. You can find more information on Delaware’s Department of Insurance’s website.
Compare Quotes for Yourself
You can calculate affordability by comparing home insurance quotes from at least three companies. Make sure to use your personal details. MoneyGeek’s analysis provides estimates based on a sample homeowner profile in Delaware. Your unique profile may result in a different rate.
Make Sure the Company Has Coverages You Want in Delaware
Taking the time to confirm available coverages from potential insurers can pay off in the long term. Most insurance companies list down the add-on coverages and discounts they offer, but some aren’t available in Delaware.
Double-Check Financial Stability Ratings
Don’t forget to research an insurance company’s financial strength. Regional insurers tend to offer lower premiums. However, they are often less financially stable than their competitors. Larger insurance companies have more financial stability, but they charge higher rates.
FAQs About the Best Home Insurance in Delaware
Homeowners' insurance needs make the best basis for determining the best home insurance companies in Delaware. Here are the commonly asked questions about this subject to provide additional information.
MoneyGeek scores for homeowners insurance in Delaware were calculated using a scaled and weighted average of J.D. Power Property Claims and Customer Satisfaction Scores, actual homeowners insurance quotes and financial stability ratings from A.M. Best. Our scoring system weighted J.D. Power scores 60%, affordability 30% and financial stability 10%, adjusting weightings in the sections focused specifically on affordability and service experience.
MoneyGeek analyzed homeowners insurance quotes from the top insurance companies in Delaware 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.
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