Finding the best renters insurance means choosing an insurer that balances cheap prices with practical forms of coverage and a reputation for dependable customer service. To help you get started, we collected renters insurance quotes from across Delaware.
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On average, the cheapest rates we found were slightly below $12 per month, about $143 per year — however, rates vary depending on the company you request coverage from. Below, we highlight the most affordable renters insurance company in Delaware, along with a couple of the state's other top providers.
Best renters insurance for most people: State Farm
- Cheapest renters insurance in the state
- Receives few complaints for its service
- Doesn't offer many coverage upgrades
State Farm is the best renters insurance in Delaware for most people, offering cheap coverage throughout the state. When we looked at State Farm's rates in each of Delaware's major ZIP codes, we found that its renters insurance policies only cost about $12 per month, or $143 annually. This is more than 40% cheaper from the statewide average — the cheapest by far of any of State Farm's competitors.
State Farm also maintains a strong reputation for customer service. According to the National Association of Insurance Commissioners (NAIC), the insurer receives few service- and claims-related complaints for its size. Additionally, J.D. Power has ranked State Farm as the third-best renters insurance provider in the country.
While State Farm's prices and service are great, the insurer's policy offerings might not appeal to everyone. Like most insurers, State Farm offers protection against lawsuits and property damage. Although renters can increase the coverage of these basic offerings, State Farm doesn't offer many additional benefits.
Best renters insurance for young people: Liberty Mutual
- Lowest minimum coverage limits
- Many ways to decrease the cost of coverage
- Few extra forms of coverage
Young renters who own fewer assets may find the best deal with Liberty Mutual. The insurer offers the lowest minimum coverage options of any company we surveyed, just $5,000 of personal property protection. Liberty Mutual also only accepts monthly payments in Delaware, meaning its policyholders get a great deal of financial flexibility, as renters aren't obligated to pay for an entire year's worth of coverage at once.
Liberty Mutual also has cheap renters insurance for many people. The average cost of a policy from Liberty Mutual is under $18 per month, or $214 annually. This is 13% cheaper than the average cost of renters insurance in Delaware. Also, Liberty Mutual's discounts mean there's a potential for policyholders to decrease their premiums even more. Renters could save by:
- Enrolling in Liberty Mutual's automatic payment program
- Purchasing renters insurance online
- Having more than one policy
- Switching from another provider before their policies expire
Like some other providers, Liberty Mutual doesn't offer a wide range of extra coverages renters can use to increase their standard protections. However, renters can cover their high-value items, such as jewelry and firearms, with extra protections. They can also purchase replacement coverage to recover the full value of their items after a loss.
Best renters insurance for discounts: Allstate
- Cheap cost of renters insurance
- Many additional ways to save money
- Limited opportunities to increase coverage
Allstate's cheap prices and its wide range of discounts could present many policyholders with ways to save money on renters insurance. On average, in Delaware, Allstate costs about $17 per month, or $200 per year. This makes the insurer's typical price about 18% cheaper than the statewide average cost of coverage.
Renters can save by qualifying for Allstate's discounts, too. Seniors who are retired and over 55 years old could save up to 25% on their premiums. Additionally, renters could save 15% if their homes are outfitted with security devices, up to 5% if they elect to pay their bills automatically and up to 20% for remaining claims-free.
While the potential savings that Allstate advertises could make the insurer a great match for budget-conscious renters, its policy features are limited. Still, renters can increase coverage for their high-value items and enroll in Allstate's identity theft and restoration programs to protect their assets from cyber attacks and theft.
How we chose the best renters insurance in Delaware
We chose the best renters insurance in Delaware by comparing providers in three key areas that a renter would need to consider. These were:
- Affordability: The cost of a typical renters insurance policy for most people.
- Policy features: The quality of standard and extra forms of coverage offered by insurers.
- Customer service: The reputation an insurer has for meeting the needs of its policyholders.
Affordability: Comparing the average cost of renters insurance in Delaware
Delaware tends to be more expensive than other parts of the United States for renters insurance. Only State Farm offered rates that were reliably cheaper than the national average. We found that the average cost of coverage in Delaware is greater than $20 per month, or $245 per year.
State Farm offers the cheapest renters insurance in Delaware, while Nationwide's rates are commonly much more expensive.
What is the average cost of renters insurance in Delaware?
|Insurer||Monthly cost||Annual cost||Difference from statewide average|
The price of renters insurance depends on multiple factors, such as your location, the material your home is made of and the amount of coverage you purchase. The rates in this survey reflect the prices quoted to a renter who was shopping for:
- Personal property protection: $30,000
- Personal liability coverage: $100,000
- Medical payments to others: $1,000
The price you're quoted also depends on personal information, which means that your cost of coverage will likely differ from someone who lives close by. The cost of renters insurance could be determined by your marital situation, any pets you own, your insurance history, your history of making claims and much more.
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Policy features: Documenting the forms of protection offered by insurers in Delaware
Although the standard forms of protection look similar for most renters insurance companies, the extra types of coverage available vary by insurer. Generally, it could be a good idea to choose a renters insurance company that offers you the flexibility to adjust your policy as your needs evolve over time.
|Insurer||Personal property coverage||Personal liability||Earthquake||Water-backup coverage||Identity theft protection||Replacement-cost coverage||Valuables plus|
|State Farm||$10,000 – more than $100,000||$100,000 – $1 million||X||-||X||-||X|
|Nationwide||$15,000 – more than $100,000||$100,000 – $1 million||-||X||X||X||X|
|Liberty Mutual||$5,000 – $25,000||$100,000 – $1 million||X||-||X||X||X|
|Allstate||$15,000 – more than $100,000||$100,000 – $500,000||-||-||X||-||-|
|Travelers||$30,000 – more than 100,000||$100,000 – $500,000||X||X||X||X||X|
Unlike with car insurance and homeowners insurance, you're not commonly required to purchase renters insurance. So, if you decide to buy a policy, you should choose the provider that aligns most with your needs and offers the best value.
Customer service: Checking the dependability of renters insurance companies in Delaware
We evaluated the customer service reputations of insurers in Delaware by checking three measurements, which we then displayed below. These were:
- NAIC Complaint Index: The Complaint Index tracks the number of complaints insurers receive relative to their size. The NAIC represents a typical number of complaints with the number 1.00. Insurers with a higher index receive more complaints for their size than anticipated.
- J.D. Power Homeowners Insurance Study - Renters: In this study, national renters insurance companies were ranked according to feedback from policyholders. This feedback encapsulated customer service, price, policy offerings and claims settlement satisfaction. J.D. Power distilled insurers' rankings into a score, displayed on a scale of one to five.
- A.M. Best Financial Strength Rating: A.M. Best's credit ratings signal how financially secure an insurer is. Providers with poor scores may not necessarily be able to meet their financial obligations during times of economic contraction or after a damaging event. Fortunately, most companies score well, so picking out riskier companies is easy.
|Insurer||NAIC Complaint Index||J.D. Power Score||A.M. Best Financial Strength Rating|
Delaware renters insurance rates: City-by-city breakdowns
Our data enabled us to find the average cost of renters insurance in many of Delaware's largest cities, as well as their relationship to the overall mean cost of coverage in the state. Furthermore, we found that Sussex tends to have the most expensive renters insurance of any Delaware county.
The cheapest renters insurance in Delaware is often found in Harrington, while homes in Seaport tend to be the most expensive to insure.
|City||County||Monthly cost||Annual cost||Difference from statewide average|
|Pike Creek Valley||New Castle||$19||$227||-7%|
|Wilmington Manor||New Castle||$20||$237||-3%|
|New Castle||New Castle||$20||$237||-3%|
|Dover Base Housing||Kent||$21||$249||2%|
To find the best renters insurance in Delaware, we compared the rates, policy features and customer service of State Farm, Allstate, Liberty Mutual, Travelers and Nationwide. We gathered quotes for a typical policy from cities across the state with a sample profile. This profile had the characteristics of an unmarried male with no pets or history of insurance.