Best Homeowners Insurance in Delaware (2024)
Updated: October 16, 2024
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Travelers is Delaware's best home insurance company, meeting diverse coverage needs and budgets. State Farm is the ideal option for higher dwelling coverage limits. For accurate premiums, we compared quotes based on $100,000 dwelling coverage, but a different coverage amount may affect your rate.
MoneyGeek also evaluated the cheapest home insurance in Delaware for budget-conscious homeowners.
Best HomeInsuranceDelaware
Why Trust MoneyGeek? We analyzed data from the Delaware Department of Insurance and Quadrant Information Services to identify the best homeowners insurance options in the state.
Home insurance rates in Delaware represent the latest quotes as of July 2024.
Travelers offers the overall best homeowners insurance in Delaware.
Homeowners have many insurance options, each varying in rates and service quality. Find the right balance between affordability and reliable service to meet your needs.
Travelers is the leading home insurance company in Delaware, with an average annual premium of $418. It offers discounts for homes that meet certified environmental standards and newly purchased properties.
Nationwide is the leading home insurance provider in Delaware based on service quality. These companies provide the best customer care and dependability:
Valuing service quality means expecting responsive and supportive interaction. Homeowners should prioritize good service to ensure a smooth experience during claims or inquiries. For instance, during storm damage, a quality provider would efficiently handle the claim and provide clear guidance.
Nationwide earns a high customer satisfaction score of 51 out of 65, demonstrating exceptional service. Policyholders pay an average annual premium of $668.
Nationwide's guaranteed replacement cost covers up to twice the policy limits for rebuilding a home after a major loss. Its service line coverage addresses the often-overlooked expense of repairing external utilities.
Travelers offers the best and cheapest homeowners insurance in Delaware.
Travelers has impressive affordability and customer satisfaction scores, indicating a good balance of cost and service quality. When considering the average cost of home insurance in Delaware, choose a company that balances affordability with reliable service. For example, quick assistance after storm damage can speed up recovery.
Travelers achieves a perfect affordability score of 75 out of 75, offering an average annual premium of $418. It keeps premiums low with discounts for bundling multiple policies and installing home security devices like smoke alarms.
State Farm offers the best insurance for those with expensive homes in Delaware. Here are the top choices for homeowners needing $1 million dwelling coverage:
With expensive homes needing more coverage, which raises costs, select an insurer that delivers an optimal mix of affordability and quality.
State Farm is the top home insurance provider for high-value homes, with an affordability score of 53 out of 55 and an average annual premium of $2,835. Its protective device discount can reduce costs for homeowners with security systems or smoke detectors.
Key add-ons include scheduled personal property for valuables like jewelry and art, and building ordinance or law for costs due to local building requirements.
Travelers offers the best insurance for those with new homes in Delaware.
Travelers has impressive affordability and satisfaction scores, offering homeowners an excellent balance of value and customer service.
Travelers is the top choice for new homeowners in Delaware, with an affordability score of 55 out of 55 and an average annual premium of $910.
Add-ons like guaranteed replacement cost ensure rebuilding to original quality even if costs exceed the policy limit. Travelers also offers discounts for buying a new house and installing smart home technology.
Travelers provides the best homeowners insurance for veterans and military families in Delaware.
The ideal homeowners insurance for military families understands their unique challenges, like frequent moves and deployments, ensuring full protection for homes and belongings in any situation.
Travelers is the best home insurance for veterans, with a perfect affordability score of 55 out of 55 and a customer claim satisfaction score of 22 out of 30. The average annual premium is $418.
Veterans can add scheduled personal property coverage to insure high-value items like jewelry or art. They can also reduce premiums through discounts for recent home purchases and energy-efficient homes.
The ideal homeowners insurance companies balance adequate coverage and reliable customer service with affordable premiums. Here's how to find the right policy for you:
Evaluate the specifics of your home and personal belongings to find out how much home insurance coverage you need. Consider factors like your home's location and value.
Review various insurance companies — examine their reputation, customer service and financial stability. Check their claims service track record and read reviews to understand others' experiences.
Check the differences among policies from various insurers. Pay close attention to the limits, deductibles and exclusions. Using online tools to compare home insurance quotes can make this step easier.
Dive deep into the specifics of each policy offer. Understand the fine print regarding coverage options, the claims process and how premiums may change over time or after filing a claim.
Seek advice from an independent insurance agent. They can help you choose a policy that fits your needs and might find discounts you’ve missed.
Choosing the best homeowners insurance provider depends on your needs and situation. To help you make an informed decision, we’ve compiled a list of frequently asked questions about selecting a provider in Delaware.
The overall best home insurance provider in Delaware is Travelers, with a MoneyGeek score of 91 out of 100.
Travelers offers the cheapest homeowners insurance in Delaware with an average annual premium of $418. Homeowners who qualify for discounts may lower the costs further.
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.
