State Farm and Travelers are the best cheap renters insurance companies in Delaware. State Farm ranks highest for affordable rates and has the best customer reputation. Travelers offers the best coverage options.
Cheap Renters Insurance in Delaware
Updated: April 22, 2025
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Key Takeaways
State Farm is Delaware's best overall renters insurance company, offering the cheapest policy at $161 annually.
Renters insurance in Delaware costs around $18 per month but ranges from $14 to $37.
To get the best and most affordable renters insurance, determine your coverage needs first, research costs and compare multiple quotes.
Delaware Renters Insurance Quote Estimates
MoneyGeek's renters insurance calculator will give you a customized estimate of your renters insurance costs.
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Rates updated:
Apr 24, 2025
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Best Cheap Renters Insurance Companies in Delaware
| State Farm | 93 | $14 | $167 |
| Travelers | 81 | $25 | $297 |
| Homesite | 80 | $18 | $220 |
| Allstate | 76 | $21 | $257 |
| Nationwide | 60 | $37 | $440 |
*This list shows rates for a renter with good credit, no claims history, $50K in property damage coverage, $100K in liability coverage, a $1,000 deductible and guaranteed replacement.
Compare Personalized Best Cheap Renters Insurance in Delaware
While the list above covers most renters, it may not reflect the best options for your needs. Below is a filterable table tailored to match your profile, helping you find the best choice in Delaware.
Data filtered by:Results filtered by:
Select
Coverage Level:$50K Personal Property / $100K Liability
Select
Deductible:1000
Select
Claims History:Claim free for 5+ years
Select
Contents Replacement:Yes
Select
Credit Tier:Good
| State Farm | 93 | $9 | $113 |
| Travelers | 86 | $16 | $195 |
| Homesite | 81 | $13 | $153 |
| Allstate | 68 | $21 | $250 |
| Nationwide | 60 | $30 | $362 |
Best Delaware Renters Insurance Reviews
Below are more details about our top picks for affordability, customer service and coverage options for renters insurance in Delaware.
State Farm: Most Affordable Plans
pros
Most affordable rates
Large discount offering selection
Strong customer satisfaction rating
cons
Below-average claims satisfaction
COMPANY HIGHLIGHTS
State Farm offers the cheapest renters insurance in Delaware, starting at $14 monthly. It ranks seventh for customer experience, according to J.D. Power. State Farm customers can add extra protection, like flood and computer coverages, to their policies.
Travelers: Best for Coverage Options
pros
Most extensive add-on coverage selection
High financial stability
cons
Lower-than-average overall customer satisfaction ratings
Less affordable for lower property damage coverage levels
COMPANY HIGHLIGHTS
Travelers isn't the most affordable renters insurance option in Delaware, but it excels in coverage options. These include Valuable Items Plus coverage, identity fraud protection and replacement cost coverage for personal belongings.
Average Cost of Renters Insurance in Delaware
The average cost of renters insurance in Delaware is $214 per year, $28 below the national average of $242. These rates reflect a policy with $50K in personal property coverage, $100K in liability limits and a $1,000 deductible.
Your actual rate may vary based on your profile. Check our table below to see major factors affecting renters insurance premiums and find average costs for your profile.
Data filtered by:Results filtered by:
Select
Coverage Level:$50K Personal Property / $100K Liability
Select
Deductible:1000
Select
Claims History:Claim free for 5+ years
Select
Credit Tier:Good
Select
Contents Replacement:Covered
| $50K Personal Property / $100K Liability | $18 | $214 |
Delaware Renters Insurance: Buyer's Guide
Finding the right renters insurance in Delaware can be challenging. This guide will help you choose coverage that fits your needs.
How to Find the Best Cheap Renters Insurance in Delaware
Finding affordable renters insurance that suits your needs can be difficult, with so many choices. Follow this step-by-step guide to find your ideal option.
- 1
Determine the right coverage level
Know how much coverage you need before shopping for renters insurance. List what you want to insure and its value. Consider weather risks, crime rates and potential pet-related incidents in your area.
- 2
Research costs and discounts
Look up average costs for your situation to help you determine whether quotes are reasonable. Find discounts from different providers to increase your savings.
- 3
Compare providers
Check companies' reputations, typical prices and coverage options. This research helps you focus on the most suitable providers when requesting quotes.
- 4
Consider bundling
Combining renters and auto insurance with your current provider could save you money. Sometimes, the discount on your auto policy can offset most or all of your renters insurance cost.
- 5
Compare multiple quotes through different channels
Get at least five similar quotes to find the best deal. Use online comparison tools, provider websites, insurance brokers and direct calls to agents, as prices vary across these sources.
- 6
Compare rates annually
Insurance rates change often. Review and compare options yearly to ensure you get a competitive rate.
How Much Renters Insurance Do I Need in Delaware?
Renters insurance isn't required by law in Delaware, but most landlords require at least $100K in liability coverage. Requirements may vary based on your rental history, credit and pet ownership. Consider how much property you want covered, weather risks, crime in your area and if you own a pet.
Use our calculator below to determine your ideal personal property limits and how much renters insurance you need.
Personal Property Coverage Calculator
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.
clothing & accessories
Clothes, shoes, bags, belts, hats, gloves, etc.
Delaware Renter Risk Considerations
Delaware renters face certain risks that may require additional insurance coverage:
- Weather risks: Storms are Delaware's most common natural disaster. Depending on your location, your rental may also face snow and flash flooding risks. Standard coverage may not cover these threats, so you must purchase separate coverage.
- Crime risks: Delaware ranks 29th nationwide for property crime rate and fifth for identity theft and fraud. Consider add-ons or supplemental property damage coverage.
- Pet ownership: You might need pet liability coverage depending on your pet. Check how different providers handle pet coverage and whether it's included in standard policies.
- Property types: Standard policies may not fully cover special tools, valuables, electronics or structures like pools on rented property. Look for companies offering specific add-ons for these items.
How Does Renters Insurance Coverage Work?
Renters insurance typically covers damage to your property, liability for harm to others and loss of use related to your rental home. Additional coverage options can make your policy more comprehensive. Common types of renters insurance coverage include:
Coverage Type | Standard or Add-on | Coverage Details |
|---|---|---|
Standard | Reimburses you for personal property within your rental up to a specified limit. Without replacement cost coverage, reimbursement is based on the item's actual cash value, not the original purchase price. Replacement cost coverage ensures you receive a new item of a similar kind and quality. | |
Standard | Protects you if someone is injured on your property. It covers medical expenses and legal costs and is often required by landlords. | |
Additional living expenses | Standard | Helps with expenses like meals, lodging and transportation if you lose access to your rental home. Depending on the insurer, the limit is either a percentage of your personal property coverage or a flat amount. |
Natural disasters | Add-on | Covers personal property damage caused by earthquakes and floods. Separate policies for these disasters are available through select providers. |
Parts/Equipment | Add-on | Separate policies that cover tools, appliances and utilities in your rental home |
Scheduled property | Add-on | Allows you to insure certain valuable items up to a specified limit |
Identity theft | Add-on | Protects you financially from identity theft, covering stolen funds and legal costs. Some policies also offer monitoring services to help prevent identity theft. |
Pet liability | Add-on | Protects against injuries caused by your pet on your rental property, though a standard policy may cover this |
Modifications | Add-on | Covers parts of your rental property that aren't original, including custom additions and modifications |
Food loss | Add-on | Reimburses you for food lost due to covered incidents |
Best Renters Insurance in Delaware: Bottom Line
Delaware's best and cheapest renters insurance companies are State Farm and Travelers. While we recommend these options, research and compare multiple companies and quotes to get the best deal.
Renters Insurance in Delaware: FAQ
Review our experts' answers to frequently asked questions below:
What is the cheapest renters insurance company in Delaware?
State Farm offers the cheapest renters insurance in Delaware, with an average annual premium of $167 or $14 per month.
What is the best renters insurance company in Delaware?
State Farm is the best renters insurance company in Delaware, with a MoneyGeek score of 93 out of 100 due to its excellent balance of cost, customer satisfaction and coverage options.
How much does renters insurance cost in Delaware?
The average cost of renters insurance in Delaware is $214 per year or $18 per month, 12% lower than the national average. Annual premiums range from $167 to $440.
Is renters insurance required in Delaware?
Renters insurance isn't legally mandated in Delaware, but your landlord may require it. Evaluating your needs and circumstances can help determine whether buying a policy is right for you. Some reasons to get renters insurance include financial protection against common perils and liability costs of third-party injuries.
How We Found the Best Cheap Renters Insurance Companies
We based our affordability score (60% of the total score) on quotes for a profile with:
- $50K personal property coverage
- $100K liability coverage
- $1,000 deductible
- Property replacement coverage
- Good credit score
Our complete scoring also considered:
- Customer satisfaction from industry research (25%)
- Add-on coverages (10%)
- Financial strength ratings (5%)
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.
sources
- Delaware Geological Survey. "Natural Hazards in Delaware." Accessed April 22, 2025.
- Insurance Information Institute. "Facts + Statistics: Identity Theft and Cybercrime." Accessed April 22, 2025.
- U.S. News. "Low Property Crime Rate." Accessed April 22, 2025.