Who Has the Cheapest Homeowners Insurance In Delaware?

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We collected insurance quotes for a sample home in 30 cities and towns in the state of Delaware in order to determine which regions have the highest and lowest annual home insurance costs. Based on our sample property, Delaware homeowners pay on average $611 per year for home insurance. Overall, Nationwide offered the most affordable homeowners insurance quotes for the state. Read more about our findings below, or use our quote tool above to start finding homeowners insurance quotes in your area.

Cheapest Home Insurance Companies in Delaware

We evaluated quotes for our sample home across 30 cities and towns in the state of Delaware from State Farm, Travelers, Amica, Allstate, Liberty Mutual and Nationwide. Quotes from each company were averaged to find which insurers had the least expensive home insurance rates in Delaware. The graph below shows the average annual costs to insure our sample home by company:

Best Home Insurance Companies in Delaware

Homeowners Insurance Rates in Delaware's Largest Cities and Towns

We gathered homeowners insurance rates across the largest cities and towns in Delaware. Our study used control variables to find comparable quotes. On average, the homeowners in the ten most populous cities and towns pay 13% less than the state mean for homeowners insurance. The average cost for home insurance in the ten largest cities and towns was $534 per year.

Wilmington, DE

Wilmington is the most populous city in the state of Delaware. The city was built on the first Swedish settlement in the United States, Fort Christina. It is located where the Christina River flows into the Delaware River. The average cost of home insurance in Wilmington was $489 per year, according to our research, which is 20% less expensive than the state mean.

State Farm offered the most expensive home insurance quote in the Wilmington area at $697 annually. Nationwide, the most affordable insurer in the state, quoted our sample home an annual cost of $264. Wilmington ranked as the fifth most affordable area for homeowners insurance of the ten most populous areas.

Cheapest Homeowners Insurance Companies in Wilmington

Dover, DE

Dover, the capital of Delaware, is the second largest city in the state. The city surrounds the Silver Lake, which becomes the St. Jones River as it enters the Delaware Bay. On average, residents of Dover pay $547 for homeowners insurance annually. Home insurance rates in Dover are $64 lower than the average in Delaware.

Nationwide quoted the least expensive rate in Dover at $313 per year. This quote is $403 less expensive than the quote of $716 provided by Travelers. Our study found that homeowners in the city of Dover save 10% on their home insurance compared to the state mean. Dover ranked as the fifth least affordable area compared to the ten largest areas in the state.

Best Homeowners Insurance Rates in Dover

Newark, DE

Newark is the third most populous city in the state and is home to the University of Delaware. The city is bordered by Maryland and is less than six miles away from Pennsylvania. Based on our research, the average homeowners insurance quote in the city was $441. Residents of Newark pay 28% less for their homeowners insurance than the state mean.

Travelers and Allstate quoted rates within $7 of each other for our sample home. The two insurance companies quoted annual costs of $402 and $409, respectively. Nationwide offered the most affordable rate of $258, which costs $144 less than Travelers and $151 less than Allstate. Newark ranked as the cheapest area out of the 30 cities and towns in Delaware from our study.

Quotes from Newark's Cheapest Home Insurance Companies

Middletown, DE

Middletown, located towards the north of Delaware, is the fourth largest area in the state. According to the 2010 census, it is the largest town in Delaware with a population of 18,871 people. The average annual homeowners insurance quote in Middletown was $460 per year, which is 25% less than the state's average.

If you’re looking for affordable home insurance rates in Middletown, we suggest starting with Nationwide which quoted our sample home a cost of $275 annually. State Farm offered the least affordable rate at $627 per year, which is $352 more than Nationwide. Middletown offered the fourth least expensive home insurance rates, on average, out of the 30 cities and towns in our study.

Middletown’s Best Home Insurance Companies

Smyrna, DE

Smyrna is the fifth largest place in the state of Delaware. The town was originally a shipping center and served as a port between the cities of Lewes and Wilmington for grain, lumber, and tanbark. According to our research, the mean home insurance rate in Smyrna was $563, which is $48 less than the state average.

Nationwide and Allstate offered home insurance rates of $296 and $393 for Smyrna. Traveler’s quote of $906 was over three times the amount quoted by Nationwide and $513 more than the quote offered by Allstate. Smyrna offered the fourth least affordable rate compared to the ten largest areas in Delaware.

Best Cheap Home Insurance Companies in Smyrna

Milford, DE

Milford is the sixth most populous area within the state of Delaware. The city is located along the Mispillion River, which flows northeastward into the Delaware Bay. The average home insurance quote for our sample home in Milford was $673, which is 10% less affordable than the state mean. Milford ranked as the most expensive area for home insurance out of the ten most populous cities and towns in Delaware.

Home insurance rates in Milford vary by as much as $862. The most affordable rate in the area was offered by Nationwide, at a cost of $341. The second least expensive rate was offered by Allstate at $450. Travelers, the least affordable insurer in the state overall, offered the most expensive rate in the city at $1,203.

Cheapest Homeowners Insurance Companies in Milford

Seaford, DE

Seaford, formerly known as the "Nylon Capital of the World," is the seventh largest place in Delaware. The nickname resulted from DuPont Company opening its first Nylon plant in Seaford in 1939. Our research found that the average home insurance premium in Seaford was $607, which is $4 less than the average in the state of Delaware.

Liberty Mutual offered a quote of $682, which is $135 more than the rate of $547 offered by Amica. State Farm quoted the least affordable rate at $874. Seaford ranks in the middle for affordable home insurance rates in Delaware, landing at 15th most affordable area of the 30 cities and towns in our study.

Best Homeowners Insurance Rates in Seaford

Georgetown, DE

Georgetown is the eighth largest area in Delaware. One of the major employers in the town is Perdue Farms Inc., which has a large poultry farm right outside the town center. We found the mean annual home insurance cost in Georgetown to be $634. On average, residents of Georgetown pay 4% more for their home insurance than the state mean.

Nationwide quoted the cheapest home insurance rate in the area at $378. State Farm offered the most expensive home insurance quote at $864, which is $51 more expensive than Travelers’ quote of $813. Georgetown is the second most expensive city for home insurance of the ten largest cities and towns in Delaware.

Quotes from Georgetown's Cheapest Home Insurance Companies

Elsmere, DE

Elsmere, located near the city of Wilmington, is the ninth most populous area in Delaware. In the nineteenth century, DuPont Company used a major road in the town, DuPont Road, to transport black powder to the Christina River. Elsmere has an average homeowners insurance rate that is 23% lower than the state mean. Residents pay an average of $469 a year for homeowners insurance.

Allstate and Travelers quoted our sample home an annual cost of $409 and $435, respectively. Nationwide offered the lowest quote at $272, which is $137 and $163 less than the quotes offered by Allstate and Travelers. All quotes offered in Elsmere were lower than the state average.

Best Home Insurance Companies in Elsmere

New Castle, DE

New Castle is the tenth largest area in the state of Delaware and lies along the Delaware River. The city is home to numerous historic sites including, Amstel House, Stonum, and Bellanca Airfield. The average homeowners insurance rate in New Castle was $459. This rate is $152 lower than the state average, which represents a 25% discount.

Nationwide offered the lowest quote in the city at a cost of $277. The second most affordable homeowners insurance quote gathered was offered by Allstate at a premium of $405. State Farm offered the most expensive quote at $669 per year. New Castle ranked as having the third most affordable homeowners insurance compared to the 30 cities and towns in our study.

Best Cheap Home Insurance Companies in New Castle

Least Expensive Homeowners Insurance in Delaware: by City and Town

The graph below shows the five most affordable cities and towns of all 30 areas that were part of this study. The cities and towns are listed in order of mean price starting with the lowest average home insurance quote and ascending. The figures listed in the graph represent the average home insurance rate in each place. Newark is the cheapest city in Delaware for homeowners insurance. Residents pay $441 annually on average, which is $170 lower than the state mean.

Top 5 Cheapest Cities and Towns in Delaware for Homeowners Insurance

Newark, DE

As previously mentioned, Newark is the most affordable city in the state of Delaware for homeowners insurance. On average, residents pay $4 less for their homeowners insurance policy than the next most affordable area in Delaware, Townsend. State Farm offered the most expensive quote at $579 per year.

Townsend, DE

Townsend ranks as the second least expensive area in Delaware for home insurance of the 30 places sampled in Delaware. The mean home insurance quote in the town was $445, which is $166 cheaper than the state average. The most affordable quote in Townsend was offered by Nationwide at $280 per year.

New Castle, DE

New Castle has the third most affordable rates in the state for homeowners insurance. The average home insurance quote gathered for the city of New Castle was $459, which is $152 less than the state mean. On a percentage basis, this represents a 25% discount.

Middletown, DE

Middletown has the fourth cheapest home insurance rates in the state of Delaware. Residents pay on average $460 per year, which is $151 less than the state mean. Nationwide offered the lowest rate in the city at $275 annually.

Elsmere, DE

Elsmere is ranked the fifth least expensive area in Delaware for home insurance. On average, residents pay $469 for home insurance, which represents a 23% lower rate when compared to the state mean. On an annual basis, residents save $143 on homeowners insurance compared to the state average.

Most Expensive Homeowners Insurance in Delaware: by City and Town

The graph below shows the five least affordable places of all 30 cities and towns from our study. The areas are listed in order of price starting with the highest average rate and descending. The figures listed represent the average home insurance rate in each place. The most expensive area for homeowners insurance was Bethany Beach where our research found an average annual rate of $819, which is $208 higher than the state average.

Top 5 Most Expensive Cities and Towns in Delaware for Homeowners Insurance

Methodology

We studied 30 cities and towns, spread out geographically in the state of Delaware. The sample home we looked at for quotes was made of brick/masonry veneer and built in 2008. Rates from insurers were collected from the Delaware Department of Insurance comparison tool, applying a $150,000 coverage level and a $1,000 deductible. The rates were then averaged to arrive at a mean value for each city. Below, we've prepared an alphabetical list of all the cities included in our analysis. We've displayed all cities from Bethany Beach to Wilmington with the average annual cost of insurance for the benchmark property and how much each city costs relative to the statewide average.

RankCityAverage Insurance RateCost Compared to State Average
30Bethany Beach$81934%
16Bridgeville6090%
12Camden575-6%
8Cheswold503-18%
7Clayton494-19%
24Dagsboro73520%
17Delmar6222%
9Dover547-10%
18Ellendale6283%
5Elsmere469-23%
26Frankford73921%
14Frederica580-5%
20Georgetown6344%
10Harrington550-10%
19Laurel6323%
25Lewes73821%
13Magnolia575-6%
4Middletown460-25%
21Milford67310%
22Millsboro70716%
23Milton71317%
3New Castle459-25%
1Newark441-28%
29Ocean View78929%
28Rehoboth Beach78428%
15Seaford607-1%
27Selbyville75724%
11Smyrna563-8%
2Townsend445-27%
6Wilmington489-20%

Sources:

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