Updated: March 13, 2026
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Delaware's best renters insurance: State Farm
Most affordable renters insurance in Delaware: State Farm
Typical renters insurance rate in Delaware: $125 per year
State Farm earned the top spot as Delaware's best renters insurance provider. The company earns a MoneyGeek score of 4.8 out of 5 and costs $8 monthly with high customer service ratings.
The other top renters insurance companies in Delaware that earned the highest MoneyGeek scores include Travelers, Allstate and Homesite.
| State Farm | 4.89 | $8 | $95 |
| Travelers | 4.32 | $11 | $129 |
| Allstate | 4.19 | $13 | $151 |
| Homesite Insurance | 4.16 | $10 | $125 |
*Rates for renters aged 26 to 64 with good credit and no claims history. Policy includes $20,000 in personal property coverage, $100,000 in liability coverage and a $500 deductible.
Best for Delaware Renters
J.D. Power Renters Insurance Customer Satisfaction Score
Average Annual Premium
Average Monthly Premium
J.D. Power Renters Insurance Customer Satisfaction Score
Average Annual Premium
Average Monthly Premium
J.D. Power Renters Insurance Customer Satisfaction Score
Average Annual Premium
Average Monthly Premium
J.D. Power Renters Insurance Customer Satisfaction Score
Average Annual Premium
Average Monthly Premium
Delaware renters can pay as little as $8 per month through State Farm for $20,000 in personal property coverage. That's $2 less per month than Delaware's $10 average, saving you $24 annually compared to the state average.
Rates from the 4 most affordable companies range from $8 to $13 monthly for the same coverage. Only one of four insurers charge less than Delaware's $10 state average for cheapest renters insurance.
| State Farm | $8 | $-2 |
| Homesite Insurance | $10 | $0 |
| Travelers | $11 | $0 |
| Allstate | $13 | $2 |
At $125 annually, Delaware renters pay just $10 per month for renters insurance, which is $6 less than the national average of $16. Despite Delaware's higher population density creating more theft risks and frequent severe weather driving up property damage claims, the state's relatively lower costs likely reflect regional market conditions that help keep premiums below the national norm.
Delaware's $10 monthly average serves as a good benchmark for renters insurance, with Dover charging the highest at $11 per month ($127 annually) while Newark and Port Penn share the lowest average at $10 monthly ($124 annually). The spread across cities is narrow, with most near $10 per month, though crime rates and weather exposure account for the differences.
| Dover | $11 | $127 |
| Newark | $10 | $124 |
| Port Penn | $10 | $124 |
State Farm dominates Delaware's renters insurance market, offering the cheapest rates across all four coverage levels. The insurer provides the most affordable protection from $20,000 to $100,000 in personal property coverage with $100,000 liability limits. State Farm maintains its cost advantage even at the highest tier, charging just $33 monthly for $250,000 in personal property coverage and $300,000 in liability protection.
| $20K Personal Property / $100K Liability | State Farm | $8 |
| $50K Personal Property / $100K Liability | State Farm | $12 |
| $100K Personal Property / $100K Liability | State Farm | $18 |
| $250K Personal Property / $300K Liability | State Farm | $33 |
Getting the right coverage starts with knowing your coverage options, estimating what your belongings are worth and shopping around for quotes.
The gap between Amica at $6 monthly and Auto-Owners at $16 shows why comparing quotes matters for identical $20,000 coverage. Getting at least three quotes could save you $10 per month. Online tools make it easy to find the lowest rate in minutes.
Bundling renters and auto insurance with the same insurer can cut 10% to 25% off both premiums. State Farm and Auto-Owners are known for bundling discounts that lower overall costs and consolidate your billing into one convenient payment.
A higher deductible means lower monthly premiums, but you'll cover more costs when you file a claim. Before increasing it, confirm you have enough in your emergency fund to handle the higher out-of-pocket amount comfortably.
Not all discounts apply automatically, so ask your insurer what you qualify for. Delaware insurers commonly offer savings for security systems, smoke detectors, automatic payments and claims-free history. State Farm offers additional good student discounts for renters under 25.
Most landlords in the First State require at least $100,000 in liability coverage, even though Delaware doesn't mandate renters insurance by law. Factors like pet ownership, credit score and rental history affect your coverage requirements. Your property value, local weather risks and crime rates should inform your coverage limits.
Use our calculator below to determine how much renters insurance you need.
When figuring out how much renters insurance you need, experts recommend the standard $100,000 in liability insurance and enough personal property protection to cover your possessions. Use MoneyGeek's calculator to estimate the value of your possessions so you know how much personal property coverage to buy.
Clothes, shoes, bags, belts, hats, gloves, etc.
Review our experts' answers to frequently asked questions below:
State Farm earns the top spot for Delaware's best renters insurance with a MoneyGeek score of 4.89 out of 5. At $8 monthly, the company offers high customer satisfaction at affordable rates.
Delaware renters insurance averages $10 monthly or $125 per year for $20,000 in personal property coverage. The state costs $6 less per month than the national average of $16 because of lower severe weather risks and property crime rates compared to other states.
Renters insurance with $100,000 in personal property coverage costs $28 per month or $333 annually in Delaware on average. State Farm provides the most affordable option at this coverage level for just $18 monthly. Since most renters select $20,000 to $50,000 in coverage, the $100,000 tier works best for those with high-value items or collectibles.
Delaware doesn't require renters insurance by law, but most landlords require at least $100,000 in liability coverage as a lease condition. Your landlord sets specific requirements, which may vary based on rental history, credit score and whether you own pets. Check your lease for exact coverage requirements.
We analyzed Delaware renters insurance companies to find insurers with affordable rates and excellent service.
We gathered quotes for renters with this profile:
Affordability accounted for 50% of each company's score. Customer satisfaction from industry research made up 40%. Add-on coverage options contributed 10%. Companies with the highest combined scores across all factors earned spots on our list of Delaware's best renters insurance providers.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. He has analyzed the insurance market for over five years, conducting original research for insurance shoppers. His insights have been featured in 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!
He writes about economics and insurance, breaking down complex topics so people know what they're buying.
