Who Has The Cheapest Renters Insurance Quotes in Delaware?

To show how much the cost of insuring one sample unit in Delaware could vary based on location, we evaluated quotes for a sample rented property (roughly 1,000 square feet of living space and $100,000 in liability coverage) across 20+ Delaware cities and towns. We found that annual costs could vary by 7% from location to location in the Diamond State. Since we used one sample property, rates have comparative value, but are not indicative of what all tenants can expect to pay for their renters insurance. Read more below, or enter your zip code above to find renters insurance quotes.

Cheapest Renters Insurance in Delaware

In our study, we collected quotes from Nationwide, State Farm, Amica, Liberty Mutual, and Allstate to find which company provided the cheapest renters insurance in Delaware. We used a sample property of 1,000 square-feet and found that State Farm offered the cheapest average annual rate of $158, which is about 36% lower than the average annual rate. The following table lists the average annual rates of the five companies, ranked from cheapest to most expensive:

Rank

Cheapest Renters Insurance CompanyAverage Annual Rates

1

State Farm$158

2

Amica181

3

Allstate227

4

Liberty Mutual304

5

Nationwide371

Average248

The above rates were for a profiled property. To determine the best rates for yourself, we recommend that you look up quotes for multiple companies and compare them.

Best Renters Insurance Rates in Delaware: by City

The cities and towns with the lowest renters insurance rates in Delaware are scattered across the state, but three include Wilmington and nearby cities. New Castle nabbed the top spot in our analysis of 20+ locations.

Rank

CityAverage Annual Rate% Difference vs State Average

1

New Castle$244-2.8%

2

Wilmington244-2.6%

3

Claymont245-2.6%

4

Middletown245-2.6%

5

Georgetown245-2.5%

*The Average Annual Rate is rounded to the nearest whole dollar amount.

New Castle, DE

The city of New Castle has a population of about 5,200 residents south of Wilmington. It was settled by the Dutch East India Company in the mid 17th century and grew to more than 3,300 residents in 1910. Since then, the population has remained stable in the city known for its historic homes and churches. New Castle has the cheapest renters insurance premiums in Delaware, where the cost to insure our study’s sample property is 2.8% lower than the state average.

Wilmington, DE

The largest city in Delaware has a rich colonial history, and was claimed by the Swedes, the Dutch, and the British in relatively quick succession. More than 71,000 residents call Wilmington home, including at one point Henry Heimlich of the Heimlich maneuver, and television personality Dr. Oz. Wilmington has the second lowest renters insurance in DE, with rates for our sample property coming in at 2.6% lower than the average for the state.

Claymont, DE

The census designated place at the mouth of the Naamans Creek on the Delaware River has been inhabited since 1200 A.D. Located between Philadelphia and Washington D.C., the city underwent its own renaissance amidst efforts to revitalize it. Tenants in Claymont pay 2.6% less to insure their rental compared to the state average, which places Claymont with the third most affordable renters insurance in our analysis.

Middletown, DE

Middletown grew around a tavern shop on Old Cart Road. Because of its location between Bohemia Landing and the Appoquinimink Creek in Odessa, the town was named Middletown. It is also called the 'Diamond Town of the Diamond State' because the first town council decided the town should stretch beyond one-half mile in each direction at the corner of the crossroads. Middletown residents had renters insurance quotes that were 2.6% lower than the state average.

Georgetown, DE

Rounding out the top five best renters insurance rates in DE is Georgetown. Georgetow hosts a unique celebration aclled Return Day every two years on the Thursday after Election Day. Festivities include a parade, the reading of the election results, and a ceremonial “burying of the hatchet” to foster a spirt of goodwill and unity. To insure the study’s sample rental property in Georgetown costs 2.5% less than the state average.

Most Expensive Renters Insurance in Delaware

All of the top five most expensive places to insure our sample rental property are located in Dover and the surrounding area. Camden's rates rank the highest out of the various cities and towns we analyzed.

Rank

CityAverage Annual Rate% Difference vs State Average

1

Camden$2613.8%

2

Cheswold2613.8%

3

Dover2603.8%

4

Harrington2603.5%

5

Milford2572.5%

*The Average Annual Rate is rounded to the nearest whole dollar amount.

Camden, DE

The Town of Camden, Delaware has the most expensive renters insurance, according to our study. Due to the town’s size, it shares a zip code with the neighboring and similarly small Wyoming, Delaware. The city can trace its history all the way back to the 1780s, when the Mifflin family began dividing their property into lots. Renters insurance premiums for our sample property are 3.8% higher than the state average.

Cheswold, DE

There are about 1,380 residents in the town, which got its name as a result of a contest in 1888. The winner was “Chesswold” - composed of “chess,” which came from a large group of Chestnut trees near the train depot, and “wold” which means forest or trees. The town’s name was later shortened to include only one “s.” Like Camden, renters insurance quotes in Cheswold are 3.8% higher than the state average.

Dover, DE

Dover was home to a large Quaker community that pushed for the Emancipation Proclamation in the 19th century. Today, the area is serviced by numerous airports and is home to the Dover Air Force Base. Two weekends each year, the Dover International Speedway hosts two NASCAR events that fans and Dover residents alike can be found at. Renters insurance rates in Dover at 3.8% higher than the state average.

Harrington, DE

Harrington is part of the Dover Metropolitan Statistical Area and home to fewer than 4,000 residents. The Delaware State Fair and a harness race track are two longtime traditions in the city which have driven growth and development in recent years. Annual premiums for out sample property were 3.5% higher than the state mean.

Milford, DE

Henry Bowan was the first person to settle in Milford in 1680. After a century, a dam was built, streets were laid out and various homes and businesses started to emerge. The “Small City with a Big Heart” has 50,000 residents which take great pride in the city’s green space. With quotes 2.5% higher than than our study's state average, Milford has the fifth most expensive renters insurance in the state of Delaware. Renters insurance quotes for the sample property in Milford were 2.5% higher than the Delaware average.

Average Cost of Renters Insurance in Delaware: by City

We gathered renters insurance quotes from five major carriers for 21 cities across Delaware for our sample rental property, and calculated a mean rate for the state of $251. That mean was used as a benchmark to compare rates in individual cities. Premiums for the most expensive city in Delaware were 7% higher than the cheapest, a difference that is far lower than others. For example, renters insurance rates in the most expensive city in Ohio are 42% higher than the cheapest, while rates in California cost more than 2x the cheapest.

This graph ranks the cities and towns from the cheapest renters insurance in Delaware to the most expensive.

Study Methodology

Our study examined renters insurance quotes for a 1,000-square-foot residence with at least $25,000 in personal property coverage and $100,000 in liability coverage. We then collected quotes for that sample residence from five of the major carriers that offer a renters insurance product in the state of Delaware. We averaged rates for the sample home in each city as a benchmark to show which cities are relatively cheaper or more expensive. Your rates will be different depending on your individual circumstances and rented apartment or house.

Rank

CityAverage Annual Rate% Difference vs State Average

12

Bridgeville$250-0.2%

20

Camden2613.8%

21

Cheswold2613.8%

3

Claymont245-2.6%

8

Clayton249-1.0%

16

Delaware City2551.5%

11

Delmar250-0.3%

19

Dover2603.8%

10

Elsmere249-0.9%

5

Georgetown245-2.5%

18

Harrington2603.5%

14

Laurel2520.2%

7

Lewes248-1.0%

4

Middletown245-2.6%

17

Milford2572.5%

1

New Castle244-2.8%

6

Newark248-1.2%

13

Seaford250-0.2%

15

Smyrna2520.4%

9

Townsend249-0.9%

2

Wilmington244-2.6%

*The Average Annual Rate is rounded to the nearest whole dollar amount.

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