Best and Cheapest Home Insurance Companies in Delaware
Nationwide has the cheapest home insurance in Delaware, offering coverage at an average rate of $504 per year.
Compare Home Insurance Quotes from Companies in Delaware
Best cheap home insurance in Delaware
Home insurance in Delaware averages $845 per year, but cost is only one of the several factors to help you determine the best policy for you. We collected thousands of quotes from Delaware's top home insurance companies to evaluate which company has the best combination of cost, coverage benefits, customer service and reliability.
Cheapest home insurance quotes in Delaware
Nationwide has the cheapest home insurance rate in Delaware, at $504 per year on average.
Compare Home Insurance Quotes in Delaware
The average rate for home insurance in Delaware is $845 per year, which is 56% cheaper than the average national cost of $1,516.
Cheap annual home insurance in Delaware
Company | Annual | ||
|---|---|---|---|
| Nationwide | $504 | |
| State Farm | $669 | |
| Allstate | $762 | |
| Travelers | $1,014 | |
| American Family | $1,277 |
Best home insurance for most people in Delaware: Nationwide
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Editor rating
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Annual rate
$504 ?
Pros and cons
Nationwide provides the best home insurance coverage for most Delaware homeowners, offering rates that are 40% cheaper compared to the statewide average. Along with affordable rates, Nationwide also offers excellent customer service along with the convenience of a great online presence. Nationwide also has a great mobile application and easy online payments.
Unfortunately, Nationwide only offers the basic discounts found across most major insurers, so if you are looking for a wide range of discounts to lower your monthly rate, Nationwide may not be the best option.
Nationwide offers similar coverage options as you'll find from most major insurers, but it offers a large number of add-ons for you to customize your coverage, including roof replacement and flood insurance.
Nationwide offers quick and convenient service, with a great mobile app that lets users manage their policy without having to call customer support.
Best customer service for home insurance in Delaware: State Farm
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Editor rating
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Annual rate
$669 ?
Pros and cons
State Farm offers the best customer service in Delaware, along with a very affordable rate of $669 per year, 21% less than the state average.
State Farm provides good overall coverage for Delaware homeowners and connects you with your own personal agent. This makes it easier to file claims because you can contact your agent directly for help throughout the process.
State Farm does not offer many home insurance discounts, and you'll need to pay more if you need extra coverage, including replacement cost, service line failure or water damage.
Best home insurance for bundling in Delaware: Allstate
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Editor rating
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Annual rate
$762 ?
Pros and cons
Allstate has a lower-than-average rate for the state of Delaware at $762 per year, 10% below the state average. You can lower this rate even further by taking advantage of the great discounts that Allstate offers its customers.
One of Allstate's most notable discounts is its multi policy discount, where customers looking to bundle their home and auto insurance are able to potentially get 25% off their annual cost of home insurance. This makes Allstate a great choice for homeowners looking to manage all their insurance policies with the same company.
While Allstate does have better-than-average customer service, it ranks behind State Farm and Nationwide in Delaware. And while Allstate includes good basic coverage as standard — including liability, dwelling and personal property — you won't find much else for personalized coverage.
Delaware home insurance rates by city
Pike Creek has Delaware's cheapest home insurance at $650 per year, while Fenwick Island has the most expensive quote at $1,523 a year.
Wilmington, the largest city in Delaware, has an average home insurance rate of $721 per year, 15% below the state average. Dover, the second-largest city, has a home insurance rate 4% cheaper than the state average, at $811 per year.
City | Average annual cost | Difference from state average |
|---|---|---|
| Arden | $708 | -16% |
| Bear | $727 | -14% |
| Bellefonte | $784 | -7% |
| Bethany Beach | $1,516 | 79% |
| Bethel | $907 | 7% |
Best-rated home insurance companies in Delaware
State Farm offers the best customer service for home insurance in Delaware, receiving 25% fewer complaints than a typical company of its size.
Nationwide also has strong support ratings in the state, and with an A+ financial strength rating from AM Best, it is a company that you can depend on.
Company |
Rating
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|---|---|
| State Farm | |
| Nationwide | |
| Allstate | |
| American Family | |
| Travelers |
Most common home insurance risks in Delaware: Hurricanes and nor'easters
Hurricanes and seasonal storms are the most common natural disasters in Delaware.
These storms can cause wind damage or flood damage to your home, and while some damage from these storms is covered by typical home insurance, you may want to add additional coverage to ensure you're covered.
Wind damage
Delaware homes can get damaged from wind due to storms, especially if the homes are near the Atlantic coast. Fortunately, wind damage is covered by almost all home insurance policies. This can cover anything from shingles ripped off your roof to a tree branch falling and hitting your home.
Flooding
Flooding is a common occurrence in Delaware homes near rivers and the ocean — and it's rarely covered by home insurance.
If you're concerned about your home flooding, you'll need to buy a separate flood insurance policy. If your home is located in a high-risk flood area, you may even be required to buy it to get a government-backed mortgage.
Frequently asked questions
How much is home insurance in Delaware?
The average cost of home insurance in Delaware is $845 per year or $70 per month, which is 56% cheaper than the national average.
Who has the cheapest home insurance in Delaware?
Nationwide offers the cheapest home insurance in Delaware at $504 per year, or $42 per month. This rate is 40% below the state average of $845 per year.
Who has the best home insurance in Delaware?
State Farm has the best customer service for home insurance in Delaware. State Farm offers an average rate of $669 per year, 21% below the state average.
Should homeowners in Delaware buy flood insurance?
Many Delaware homes experience flooding, especially near rivers and in flood basins. Any homeowners that are worried about their homes should consider buying a separate flood insurance policy.
Methodology
To compare the rates of Delaware's largest home insurance companies, we compared quotes from every ZIP code in Delaware using a profile of a property insured for $251,100 and built in 1984 — reflecting the median value of homes in Delaware.
ValuePenguin's analysis used insurance rate data from Quadrant Information Services, which was publicly sourced from insurance filings. These quotes should only be used for comparison purposes, as your own quotes may be different.
Home insurance ratings are based on complaint data from the National Association of Insurance Commissioners (NAIC), as well as the J.D. Power customer satisfaction survey and ValuePenguin's own ratings.
Editorial Note: The content of this article is based on the author's opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.