Best Homeowners Insurance in Delaware
To get your best homeowners insurance premium in Delaware, compare quotes from Nationwide, Allstate and State Farm.
QuoteWizard recently surveyed home insurance companies serving Delaware homeowners and found that Nationwide, Allstate and State Farm offer the cheapest premiums.
Specifically, we found that Nationwide offers Delaware’s cheapest home insurance premiums at $503 a year, on average. This is nearly $400 cheaper than the state average premium of $882 a year.
In this article:
What is the average cost of homeowners insurance in Delaware?
The average cost of home insurance in Delaware is $882 a year, according to our research.
This average annual premium is based on a homeowners insurance policy with a $1,000 deductible and the coverage limits detailed in the methodology below. You can raise or lower the cost of your policy by increasing or decreasing its deductible and coverages.
Regardless, homeowners insurance in Delaware is cheaper than it is in most other states. The national average cost of home insurance is $1,735 a year — almost double Delaware’s annual average premium of $882 a year.
Where can I get cheap homeowners insurance in Delaware?
Nationwide, Allstate and State Farm are the best companies for cheap home insurance in Delaware, based on our data.
Whether that’s true for you depends on several factors, including where you live in the First State. If you live in Brookside, for example, you’ll likely pay a higher home insurance premium than you would if you lived in Wilmington.
Even then, shopping around and comparing quotes from several insurance companies can pay off handsomely and reward you with your best possible premium.
Cheapest home insurance companies in Delaware
Nationwide is Delaware’s cheapest homeowners insurance company, with an average premium of $503 a year.
Allstate also offers cheap coverage to Delaware homeowners. Its average premium is $684 a year, according to our research.
State Farm’s average annual premium for home insurance in Delaware is $798 a year, which is still around $100 cheaper than the state average of $882 a year.
| Company | Average annual premium |
|---|---|
| Allstate | $684 |
| Cumberland Mutual | $1,017 |
| Nationwide | $503 |
| State Farm | $798 |
| Travelers | $1,249 |
| Delaware average | $882 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Keep in mind that the home insurance quotes you receive from companies serving Delaware may be higher or lower than these amounts depending on the age and value of your home as well as other rate factors, like where you live.
Cheapest home insurance in Delaware by city
The cheapest homeowners insurance in Delaware is offered to residents of Pike Creek Valley, our data shows. Pike Creek Valley homeowners pay $725 a year for home insurance, on average.
Hockessin and Brookside residents also tend to pay lower home insurance premiums than do homeowners elsewhere in Delaware. On average, Hockessin homeowners pay $742 a year for such coverage, while Brookside homeowners pay $749 a year.
| City | Average annual premium |
|---|---|
| Bear | $771 |
| Brookside | $749 |
| Dover | $822 |
| Glasgow | $758 |
| Hockessin | $742 |
| Middletown | $758 |
| Newark | $758 |
| Pike Creek Valley | $725 |
| Smyrna | $756 |
| Wilmington | $761 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Dover has the most expensive homeowners insurance premiums among Delaware cities, according to our research, with an average annual premium of $822.
Residents in Bear and Wilmington also tend to pay more for home insurance than do homeowners elsewhere in Delaware. The average annual home insurance premium in Bear is $771. In Wilmington, the average annual home insurance premium is $761.
It is possible to find cheap home insurance even within Delaware’s most expensive cities, however, if you shop around and compare quotes from several companies.
Consider the following data, which shows the average annual home insurance premiums in Wilmington from some of Delaware’s largest providers.
| Company | Average annual premium |
|---|---|
| Allstate | $666 |
| Cumberland Mutual | $972 |
| Nationwide | $513 |
| State Farm | $784 |
| Travelers | $834 |
| City average | $761 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Although Wilmington homeowners pay $761 a year for home insurance, on average, our sample resident paid $513 a year with Nationwide, and $666 a year with Allstate.
| Company | Average annual premium |
|---|---|
| Allstate | $674 |
| Cumberland Mutual | $981 |
| Nationwide | $564 |
| State Farm | $772 |
| Travelers | $1,193 |
| City average | $822 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
We found Nationwide to offer the cheapest home insurance in Dover, too, with an average premium of $564 a year. That’s $258 a year cheaper than the city average of $822 a year.
Travelers, on the other hand, had the most expensive home insurance premiums in Dover, at an average of $1,193 a year — $371 a year more than the city average.
| Company | Average annual premium |
|---|---|
| Allstate | $617 |
| Cumberland Mutual | $969 |
| Nationwide | $467 |
| State Farm | $867 |
| Travelers | $834 |
| City average | $758 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Homeowners in Newark pay $758 a year for home insurance, on average. Our sample resident paid $467 a year for coverage from Nationwide, though. This is $291 a year cheaper than the city average.
Cumberland Mutual offers the highest homeowners insurance premiums in Newark at an average of $969 a year, our data shows.
Methodology
QuoteWizard analyzed quotes from every ZIP code in Delaware for a standard HO-3 homeowners insurance policy. We used the following coverage limits:
- $275,000 dwelling*
- $27,500 other structures
- $137,500 personal property
- $55,000 loss of use
- $100,000 liability
- $5,000 medical payments
- $1,000 deductible*
*When not stated otherwise
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