Renters Insurance

The Best Cheap Renters Insurance in Delaware

The Best Cheap Renters Insurance in Delaware

The cheapest renters insurance in Delaware is offered by State Farm, at an average rate of $10 per month.

State Farm also offers some of the best customer service in the state.

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The average cost of renters insurance in Delaware is $18 per month, or $211 per year. 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.

The cheapest renters insurance companies in Delaware

State Farm offers the cheapest renters insurance in Delaware, with rates that are 41% less than than the state average.

Delaware tends to have middle-of-the-pack prices compared to other parts of the United States for renters insurance. State Farm and Amica offer rates that are reliably cheaper than the national average of $215 per year. The average cost of coverage in Delaware is $18 per month, or $211 per year.

A bar graph showing the average costs of renters insurance in Delaware

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Travelers and Nationwide have the most expensive renters insurance in Delaware, with an average rate of $23 per month.

Company
Monthly rate
State Farm logo
State Farm$10
Amica logo
Amica$13
Allstate logo
Allstate$18
Nationwide logo
Nationwide$23
Travelers logo
Travelers$23

The price of renters insurance depends on multiple factors, such as your location and the amount of coverage you purchase. Your quote also depends on personal information, which means that the rate you receive for coverage will likely differ from someone who lives close by.

The cost of renters insurance could also be determined by your marital status, any pets you own, your insurance history, your history of making claims and more.

Best renters insurance for most people: State Farm

State Farm has the most affordable coverage in Delaware, as well as highly-rated customer service.
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The good:

  • Cheapest renters insurance in the state
  • Receives few complaints for its service

The bad:

  • Doesn't offer many coverage upgrades

State Farm provides the best renters insurance in Delaware for most people, offering cheap coverage throughout the state. Their renters insurance policies in Delaware only cost an average of $10 per month, or $125 annually. This is more than 40% cheaper than 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 one of the best renters insurance providers in the country.

While State Farm's prices and service are great, the insurer's policy offerings are not as broad as some of its competitors. The company does not offer many options beyond the standard coverages.

Best renters insurance for retirees: Allstate

Allstate's affordability, coupled with a discount for retired people, could result in lower prices for many renters.
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The good:

  • Cheap cost of renters insurance
  • A large discount for older renters

The bad:

  • Limited opportunities to customize coverage

Allstate's generous discount for retirees could present older policyholders with ways to save money on renters insurance. Seniors who are retired and over 55 years old could save up to 25% on their premium.

On average in Delaware, Allstate costs about $18 per month, or $221 per year. That rate is only a little higher than the state average. While the potential savings that Allstate offers could make the insurer a great match for older renters, its policy features are somewhat limited.

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, but cannot add features like water backup coverage.

Best renters insurance for customer service: Amica

Amica is a top option for Delaware renters looking for strong customer service.
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The good:

  • Highly rated customer service
  • Cheaper-than-average rates

The bad:

  • No options for earthquake, flood or water backup coverage

Renters looking for the security that comes with strong customer service can look to Amica. The company receives 70% fewer complaints than expected for a company its size, according to the National Association of Insurance Commissioners (NAIC), an indicator that customers are satisfied with its service.

Amica is also an affordable option in Delaware, with average rates of $13 per month, or $159 per year. That's the second-cheapest price in Delaware. A key downside is Amica does not offer expanded coverage for things like water backup damage or flooding. Those can both be concerns in a state with as much coastline as Delaware.

The company also offers a good set of discounts, including a generous bundling discount that can save you up to 30% on your policy.

Strong customer service can improve your experience in a stressful time after a claim. You might be replacing much of your property or be displaced after something happens to your rental unit, and smooth service often means fewer headaches.

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Delaware renters insurance rates by city

The cheapest renters insurance among Delaware's larger cities is often found in Bear, a small town outside Wilmington.

The state's highest rates are found in Milford, where they are 19% higher than the state average. Where you live has an impact on how much you pay for renters insurance because of factors like crime and weather.

City
Average annual rate
Difference from state average (%)
Bear$194-14%
Claymont$2170%
Clayton$2243%
Dover$2379%
Elsmere$2201%
Show All Rows

Customer service: the top-rated renters insurance companies in Delaware

USAA and Amica have the highest-rated customer service among Delaware renters insurance companies.

Each company has a low rate of customer complaints according to the National Association of Insurance Commissioners. Both have high ValuePenguin editor's ratings, and USAA is the top pick in J.D. Power's annual survey of customer satisfaction. However, USAA is only available to renters who are currently in the military, retired from the military or have certain family members who have served.

Company
Rating
USAA
Amica
State Farm
Nationwide
Allstate
Travelers

Frequently asked questions

Is renters insurance required in Delaware?

Renters aren't legally required to buy insurance in the state of Delaware. You may need to buy renters insurance if your landlord or property management company requires it, though.

How much does renters insurance cost in Delaware?

The average cost of renters insurance in Delaware is $18 per month. That's fairly average compared to other states — coverage in Delaware is $4 per year more expensive than the national average.

How much is renters insurance in Wilmington, DE?

Renters in Delaware's largest city, Wilmington, pay $18 per month for insurance, on average. In comparison, people living in Dover, which is the second-largest city, pay $20 per month.


Methodology

To find the best renters insurance in Delaware, we compared the rates, policy features and customer service of State Farm, Amica, Allstate, Nationwide and Travelers. We gathered the 25 largest cities or census designated places in Delaware. The sample renter is 25 years old, with no claims and set coverage limits.

Coverage
Limits
Personal property$30,000
Personal liability$100,000
Medical payments$1,000
Loss of use$9,000
Deductible$500

Listed coverage applied where available.

Renters insurance star ratings are based on a weighted combination of the J.D. Power customer satisfaction index, ValuePenguin's own editors' rankings and the National Association of Insurance Commissioners (NAIC) Complaint Index.

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.