Travelers is the cheapest home insurance option for most homeowners in Delaware, with an average monthly savings of $439. Below is a summary of the most affordable providers in the state.
Cheapest Home Insurance in Delaware
Updated: May 27, 2025
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Key Takeaways
Travelers offers the cheapest homeowners insurance in Delaware if you own a new home or have bad credit.
Customers can find savings of up to 92% from the cheapest overall providers in Delaware: Travelers and Nationwide.
If you live in a high-fire-risk area, Travelers is the cheapest provider for home insurance in Delaware.
What is the Cheapest Home Insurance in Delaware?
| Travelers | $60 | $724 | 27% |
| Encompass | $79 | $947 | 5% |
| State Farm | $79 | $949 | 4% |
| Nationwide | $92 | $1,109 | -12% |
*These rates are based on a house built in 2000 with a $1,000 deductible, $250,000 in dwelling coverage, $125,000 in personal property coverage, $200,000 in liability coverage and class 3 fire protection. The insured is assumed to have good credit and no claims in the past five years.
THE CHEAPEST COMPANY MAY NOT BE THE BEST FOR YOU
Price is important to consider for home insurance, however it's also useful to know about a company's customer service reputation and coverage options. To help, we've created a separate guide to the best home insurance companies in Delaware, giving you more information to make the best decision for your situation.
Cheapest Delaware Home Insurance Rates by Category
While we’ve listed the cheapest options for most homeowners, those rates may not reflect your specific situation. For instance, while Travelers is typically the cheapest overall, it offers the best rates for newer homes. To help, we’ve outlined the cheapest companies on average for common categories.
| Travelers | Older Homes | $60 |
| Travelers | Newer Homes | $40 |
| Travelers | Homes in High Risk Fire Areas | $68 |
| Nationwide | Bad Credit | $92 |
*Rates are modified based on our methodology’s base profile. Newer home estimates are based on a home built in 2023, high-risk fire estimates are for a policy with 8-class fire protection, and bad credit rates assume a poor credit score on the FICO scale.
Compare Personalized Cheap Delaware Home Insurance
The companies listed above typically provide the best rates for their categories, but actual rates vary based on your unique profile. Use the filter below to get a personalized list of the cheapest providers for your situation.
Data filtered by:Results filtered by:
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Coverage Level:$250K Dwelling / $125K Personal Property / $200K Liability
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Deductible:1000
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Claims History:Claim free for 5+ years
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Credit Tier:Good
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Home Age:Older Homes
| Travelers | $64 | $770 |
| State Farm | $79 | $949 |
| Nationwide | $96 | $1,151 |
| Encompass | $96 | $1,154 |
| Homesite | $106 | $1,273 |
Cheapest Delaware Home Insurance By City
Risk factors for insurers vary by location, making some providers more affordable than others. For example, while Farmers is the cheapest in most cities, Travelers offers lower rates in Wilmington. Understanding these differences can help you find the best insurance deal in your area.
| Wilmington | Travelers | $61 |
*These rates are based on a house built in 2000 with a $1,000 deductible, $250,000 in dwelling coverage, $125,000 in personal property coverage, $200,000 in liability coverage and class 3 fire protection. The insured is assumed to have good credit and no claims in the past five years.
How To Find the Cheapest Delaware Home Insurance for You
Finding affordable home insurance in Delaware can be challenging, but you can significantly lower your costs with some effort. Below are our core recommendations to help you maximize savings on your policy.
- 1
Determine your coverage needs
It's easy to get oversold on coverage when you don't have limits in mind before buying. Determine your home insurance coverage needs beforehand to avoid purchasing too much. Understanding the different types of home protection available helps ensure you don't miss something important.
- 2
Research home insurance cost information
Research home insurance costs in Delaware for your profile and available discounts to understand what qualifies as affordable. When ready to buy, ask agents directly about all discounts you may qualify for, as insurers won't apply them automatically.
- 3
Bundle your policies
Take advantage of major discounts by bundling home and auto policies in Delaware.
- 4
Compare multiple companies apples to apples
Once you know your coverage levels and type, compare quotes from different companies for that coverage to get the best deal. We recommend gathering as many quotes as possible using different methods to get your best rate.
- 5
Use state-provided programs
If you have a high-risk profile and face coverage denials or unaffordable rates, Delaware offers a state program through the FAIR Plan. This program provides coverage for those denied by traditional insurers, often at a lower cost than insurers willing to approve you.
Cheap Home Insurance Delaware: Bottom Line
Travelers, Encompass, and State Farm offer Delaware's most affordable home insurance, with savings up to 88%. Denied coverage? State programs can help with low-cost policies. Always compare multiple insurers, understand costs, and assess your coverage needs before making a decision.
Cheapest Home Insurance Delaware: FAQ
Below are answers to common questions about the cheapest home insurance in Delaware.
What is the cheapest home insurance company in Delaware?
Travelers offers the lowest rates for newer homes in Delaware at $40 per month or $478 per year. However, homeowners with older properties or higher fire protection needs may find better rates with Travelers.
How expensive is home insurance in Delaware?
Delaware has the 21st-highest home insurance rates in the U.S.
How much is home insurance in Delaware?
You need enough home insurance to cover the replacement cost of your home, the value of your personal belongings, and any additional risks unique to your area. While not legally required for homeowners without a mortgage, lenders will require sufficient dwelling coverage to replace your home should it be destroyed. Opt for a home insurance policy that appropriately covers both your property and the invaluable items within, while considering local threats such as severe weather or crime rates.
How much home insurance do I need?
You need enough home insurance to cover the replacement cost of your home, the value of your personal belongings, and any additional risks unique to your area. While not legally required for homeowners without a mortgage, lenders will require sufficient dwelling coverage to replace your home should it be destroyed. Opt for a home insurance policy that appropriately covers both your property and the invaluable items within, while considering local threats such as severe weather or crime rates.
How We Found the Cheapest Home Insurance Companies in Delaware
To determine the cheapest home insurance companies in Delaware, we assumed the following base profile:
- $250K dwelling coverage
- $125K personal property coverage
- $200K liability coverage
- Home built in 2000
- Frame construction
- Composition roof
- $1,000 all perils deductible
- No claims in the past 5+ years
- 3-class fire protection
All other combinations were adjusted based on this profile to provide a more accurate comparison for your specific situation. However, these figures are estimates, and we recommend comparing quotes from multiple providers to secure the best deal.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.