Updated: June 4, 2026
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Travelers offers the cheapest homeowners insurance in Delaware, with average rates of $697 per year.
Travelers, Nationwide, Allstate, State Farm and Homesite cost 27% to 33% below Delaware's $949 average.
Bundle your home and auto insurance policies to save 10% to 25% on premiums — one of the biggest discounts Delaware insurers offer.
Travelers is the cheapest home insurance company in Delaware at $697 per year. Nationwide comes in second at $843 annually and provides coverage to all Delaware residents. The five most affordable insurers save homeowners between $253 and $317 compared to the state average.
| Travelers | $58 | $697 | -27% |
| Nationwide | $70 | $843 | -11% |
| Allstate | $79 | $948 | 0% |
| State Farm | $83 | $994 | 5% |
| Homesite | $105 | $1,266 | 33% |
*The rates above are for homeowners ages 41 to 60 with good credit and no claims history. Quotes are for a home built in 2000 insured for $250,000 in dwelling coverage, $125,000 in personal property coverage and $200,000 in liability coverage with a $1,000 deductible.
Travelers is the cheapest Delaware home insurer across every homeowner category in MoneyGeek's analysis, like older homes, senior homeowners and high-risk fire zones.
| Older Homes | Travelers | $691 |
| Newer Homes | Travelers | $533 |
| Young Homeowners | Travelers | $713 |
| Senior Homeowners | Travelers | $658 |
| High-Risk Fire Homes | Travelers | $780 |
| Smaller Homes | Travelers | $764 |
| Larger Homes | Travelers | $891 |
The cheapest company may not be your best fit. Customer service quality, coverage options and claims handling matter beyond price. Our guide to the best home insurance companies in Delaware compares insurers across these factors.
Risk factors differ by location, so insurers price policies differently across Delaware. Travelers offers the cheapest home insurance rates in Dover and Wilmington. Other Delaware cities may see different providers leading with the lowest premiums based on local risk factors.
| Dover | Travelers | $783 |
| Newark | Travelers | $650 |
| Port Penn | Travelers | $645 |
| Wilmington | Travelers | $709 |
For basic homeowners insurance in Delaware, Travelers provides the lowest premiums at $403 annually for $100,000 dwelling, $50,000 personal property and $100,000 liability coverage. Travelers also delivers the most affordable rates for mid-range and high-value homes across Delaware. It is also the cheapest option for $1 million dwelling, $500,000 personal property and $1 million liability level.
| Travelers | $34 | $403 |
| Nationwide | $38 | $454 |
| Allstate | $43 | $520 |
| State Farm | $44 | $523 |
| Homesite | $55 | $658 |
Delaware homeowners can cut their insurance costs by hundreds of dollars annually through discounts, higher deductibles and smart home improvements.
Combine your home and auto insurance with the same company to save 10% to 25% on both policies. State Farm, Allstate and Progressive offer bundle discounts to Delaware homeowners.
Raise your deductible to lower your annual premium, though you'll pay more out of pocket when filing a claim. Choose a deductible amount you can afford if you need to file a claim.
Delaware allows insurers to use credit-based insurance scores when setting rates. Improving your credit score can save you hundreds of dollars annually on your home insurance premium.
Filing multiple claims within three years triggers rate increases. Use homeowners insurance for major losses rather than small repairs you can afford.
Contact your insurer to find all discounts you qualify for beyond bundling. Review your policy annually to add new discounts as your situation changes.
Frequently asked questions about the cheapest home insurance in Delaware:
Standard homeowners insurance in Delaware covers tornado damage to your home and belongings. Delaware has moderate tornado risk, but these storms can still occur and cause damage. Check your policy for any specific exclusions or endorsement requirements.
Delaware doesn't require flood insurance statewide, but mortgage lenders mandate it for homes in FEMA high-risk flood zones. Standard homeowners policies exclude flood damage, so you'll pay out of pocket for water damage from storms or rising rivers without separate flood coverage.
Replacement cost coverage pays to rebuild or replace your property at current market prices. Actual cash value subtracts depreciation from the payout based on your property's age and condition, which means a lower check. Delaware lenders require replacement cost coverage for mortgaged properties.
Yes. You can cancel at any time, and most insurers return a prorated refund for unused premium. Some charge a cancellation fee. If you have a mortgage, your lender requires continuous coverage, so confirm your new policy starts before the old one ends.
MoneyGeek collected quotes from major Delaware insurers using a consistent homeowner profile. Holding all other variables constant shows how each carrier prices the same coverage.
Standard coverage profile:
For specialty categories (older homes, high-value properties and rural locations) we adjusted individual variables from this base while holding the rest constant. That isolates how each characteristic affects the rate.
These figures are estimates based on statewide averages. Your actual premium depends on your home's location, age, construction type and your claims history. Compare quotes from at least three insurers to find your lowest rate.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty (P&C) Insurance Producer in Connecticut, is MoneyGeek's resident insurance expert. He has spent nearly a decade analyzing the market, first at LendingTree and now at MoneyGeek, where he produces original research on hundreds of carriers and millions of rates across auto, home, renters, health and life insurance.
He covers economics and insurance at MoneyGeek, and his work has been featured in The Washington Post, The New York Times and NPR, among other outlets.
Like all MoneyGeek analysts, he draws on independent cost and consumer experience data. No insurance company partnership influences his recommendations.
Fitzpatrick earned his degrees from Johns Hopkins University (M.A. Economics and International Relations) and Boston College (B.A.). His career began in financial risk management at State Street. He's also a five-time “Jeopardy!” champion.
