Best Home Insurance Rates In Delaware

On average, your neighbors pay $63 a month.

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Compare Home Insurance In Delaware

We reviewed the top home insurance providers in Delaware to find the best companies and their average cost. Our research concluded that State Farm is the best company overall due to its balance of fair rates, high customer satisfaction and policy offerings. The average cost of homeowners insurance is $760 a year in Delaware, according to our study. Here’s our research and the other companies we recommend considering:

Cost of homeowners insurance in Delaware

The average cost of homeowners insurance is $63 a month in Delaware, which is almost 38% below the national average. Costs have remained low and fairly consistent in recent years.

Average home insurance rates in Delaware
   Today 2017 2016
Delaware annual average $760 $833 $816
Delaware price per month $63 $69 $68
U.S. annual average $1,215 $1,211 $1,192
U.S. cost per month $101 $101 $99
Note: Average rates for today are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. Data from 2016 and 2017 is sourced from the National Association of Insurance Commissioners.

Despite generally low rates, premiums vary greatly between companies. We saw annual premiums in Delaware as low as $504 a year and as high as $1,017. The graph below shows how prices compare among some of the top insurers in Delaware.

average cost of homeowners insurance companies in delaware

Best homeowners insurance companies in Delaware

State Farm, Nationwide, The Hartford and USAA are our picks for the best homeowners insurance companies in Delaware, based on affordability, customer service, coverage options and availability.

State Farm: best overall

State Farm’s rates are below the Delaware average by 12%, and you won’t have to sacrifice customer service or coverage to take advantage of its low rates. That’s why we think State Farm is the best insurer for your money. It is also the largest home insurer in Delaware, writing more than a quarter of all homeowners policies, meaning you’ll likely be able to find a local agent.

State Farm received a 4/5 for overall satisfaction in J.D. Power’s 2019 home insurance study. That’s an above-average score and makes it one of only two companies on our list with a four or higher. NAIC’s Complaint Index measures customer satisfaction by comparing the number of complaints a company receives relative to its size, so lower numbers indicate better satisfaction. State Farm’s Complaint Index was 0.20 in 2018, which is one of the lowest numbers we saw, and shows State Farm’s commitment to customer service.

One of State Farm’s standout offerings is its Premier Service Program, which is optional for policyholders. The Premier Service Program connects State Farm customers with water removal services, flooring installation experts and general contractors. The workmanship provided through the program is guaranteed for five years, making it a nice perk if you want to make sure your home repairs are in good hands.

Nationwide: best for cheap rates

Nationwide had the lowest rates in Delaware of any company we surveyed, averaging only $504 a year. Nationwide’s homeowners insurance coverage is typical, providing the standard six coverages. There are ample opportunities to save on top of Nationwide’s already low rates with its discounts. For example, Nationwide advertises discounts for loyalty, living in a gated community, purchasing a new home, bundling multiple policies and having a new roof.

Nationwide received a 2/5 in overall satisfaction from J.D. Power in 2019 and had a 2018 NAIC Complaint Index of 0.24. While the J.D. Power score is below average, its Complaint Index is impressive. That indicates a decent customer service performance and doesn’t raise any flags for us. Nationwide’s dramatically low rates, standard coverage and decent customer service make it a great option for homeowners looking to save money in Delaware.

The Hartford: best for seniors

The Hartford partners with AARP, meaning AARP members can take advantage of exclusive homeowners insurance discounts and perks. For example, The Hartford offers AARP members a retiree credit if you or your spouse is retired or works less than 24 hours a week. Additionally, The Hartford’s affiliation with AARP means it is familiar with the unique insurance challenges and needs of older homeowners.

The Hartford’s customer service numbers are a mixed bag. It received a 3/5 in overall satisfaction from J.D. Power in 2019, which is a solid score. However, its Complaint Index in 2018 was 0.94, which is one of the higher figures on our list, but still below the national average of 1.0. Taking the Complaint Index and J.D. Power score together, The Hartford offers a good to average customer service experience.

USAA: best for veterans

To qualify for USAA homeowners insurance, you must be a military service member, veteran or family member thereof. If you’re one of the nearly 70,000 veterans who live in Delaware or otherwise qualify, USAA is an excellent option for homeowners insurance, providing incredible customer service and industry-leading coverage.

USAA was one of three companies to receive the maximum 5/5 score for customer satisfaction in J.D. Power’s 2019 home insurance study. Its NAIC Complaint Index of 0.15 supports this performance, as it’s the second lowest we saw in Delaware. This shows a track record of providing a top-tier customer experience.

USAA homeowners insurance policies are designed with the unique needs of service members and veterans in mind. For instance, it provides special services if you are deployed, such as switching your insurance policy if you want to rent out your home while you’re gone or if it will be vacant. USAA members can also take advantage of professional networks for home contractors, moving services and storage services.

The biggest homeowners insurance companies in Delaware

State Farm is the largest home insurer in Delaware, accounting for one in four policies. The other major players, like Liberty Mutual, Nationwide and Allstate, are major national insurers. 

Delaware home insurance market
Company Market share Overall satisfaction rating* 2018 NAIC Complaint Index (lower is better)
State Farm 25% 4/5 0.20
Liberty Mutual 11% 2/5 0.53
Nationwide 11% 2/5 0.24
USAA 8% 5/5 0.15
Allstate 7% 3/5 0.57
Travelers 4% 2/5 0.30
American Family 4% 3/5 0.62
Chubb 4% 2/5 0.13
The Hartford 3% 3/5 0.94
*According to J.D. Power's 2019 home insurance survey

To read more about these big national players, check out our list of the best homeowners insurance companies in the U.S.

Homeowners insurance rates in Delaware by county

New Castle County doesn’t experience the brunt of Atlantic storms as the southernmost county of Sussex. This is one of the reasons New Castle residents enjoy average rates 15% below the state average, while average rates in Sussex are 28% above the state average. Kent County, being in the middle, splits the difference, at 2% below the state average.

Average yearly homeowners insurance premium by county
County Average rate Difference from state average ($760)
Kent $743 -2%
New Castle $648 -15%
Sussex $972 28%
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

Homeowners insurance rates in Delaware by city

The two most populous cities in Delaware, Wilmington and Dover, see below average rates, at an average of $652 and $731 a year, respectively. More than half of all Delawareans live in New Castle County, where rates tend to be lower. Here are average rates for selected cities in Delaware.   

Average yearly homeowners insurance premium by city
City Average rate Difference from state average ($760)
Bear $647 -15%
Brookside $631 -17%
Dover $731 -4%
Glasgow $635 -16%
Hockessin $612 -19%
Middletown $628 -17%
Milford $820 8%
Newark $634 -17%
Pike Creek Valley $600 -21%
Smyrna $665 -13%
Wilmington $652 -14%
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

Delaware homeowners insurance laws 

Like all states, Delaware has a governing body to regulate the insurance industry. That means there are homeowners insurance laws particular to Delaware. We combed through its insurance code and picked out some of the most important ones:

  • Within 30 days of the end of your policy, your insurance company must either offer a renewal or alert you of a nonrenewal.
  • Once your policy has been in effect for 60 days, your insurance company cannot cancel your policy except for specific reasons, such as not paying your premium or discovering fraud, omissions or misrepresentations.
  • When you make a claim, your insurance company must either accept or deny it within 30 days of receiving the proof of loss statements.

Lastly, homeowners insurance companies in Delaware can legally use your credit information in evaluating how risky they think your profile is. That means your credit score can affect your rates.

Homeowners insurance perils in Delaware

Delaware’s weather is relatively mild, as it sits in the Mid-Atlantic region. However, occasional extreme winters and summers can bring homeowners insurance hazards.

Cold, snowy winters

Despite its small size, the annual snowfall in Delaware varies greatly across the state, even from Wilmington to Newark. Average winter temperatures throughout the state are below freezing. In freezing temperatures, pipes can crack and leak, and other structures can become stiff and brittle as the cold contracts them. Luckily, homeowners insurance usually covers this damage.

Methodology

We analyzed 139 quotes from every ZIP code in Delaware, considering Allstate, Liberty Mutual, Nationwide, State Farm and Travelers. We calculated the city, county and state averages from these quotes. The median owner-occupied home value in Delaware is $271,813, which we based our sample property on. The policy specifications are listed below.

  • Dwelling coverage: $271,813
  • Personal property coverage: 50% of dwelling ($135,907)
  • Other structures coverage: 10% of dwelling ($27,181)
  • Loss of use coverage: 20% of dwelling ($54,363)
  • Liability coverage: $100,000
  • Deductible: $1,000
  • Home built in 1982

All geographic and demographic information was sourced from S&P Global.

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