Homeowners Insurance in Delaware

Getting homeowners insurance shouldn't be confusing. Compare Delaware rates by city and insurance company below.

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How to find cheap insurance for your home in Delaware


Home insurance is an optional but important insurance coverage. It keeps your investment insured in the event your house suffers damage from a common incident. A homeowners insurance policy defends your dwelling, personal property, and other buildings from a variety of calamities, including wind damage, fire, theft, vandalism, and others.

Unlike car insurance policies, home insurance isn't priced based on state-level laws. Even so, major discrepancies exist in homeowners insurance costs from state to state. Home insurance rates in states may differ based on the value of — and frequency of — homeowners claims made across the state, and depend on the value of the belongings and structures covered by the policy.

The best way to find affordable homeowners insurance in Delaware is to compare rates and consider policies from a variety of insurance companies. Learn home insurance rates in Delaware via the below breakdown. Individual rates may vary depending on coverage options.


Home insurance in Delaware:
  1. Rates by company
  2. Rates by city
  3. Rates by coverage amount
  4. Rates by deductible amount
  5. Bundling discounts
  6. FAQs

Homeowners insurance prices in Delaware by insurer

Home insurance prices in Delaware vary depending on which insurance company you use. Cumberland Mutual offers the cheapest home insurance policies in Delaware, at just $569 per year. This compares favorably to Delaware's average cost of $614, offering a $45 discount on rates typical to the state.

Start searching for a homeowners insurance policy by checking out the cheapest Delaware carriers, detailed below.


THE MOST AFFORDABLE HOMEOWNERS INSURANCE COMPANIES IN DELAWARE
Insurance CompanyAverage Annual Rate in Delaware
Cumberland Mutual$569
State Farm$679
Allstate$753
Liberty Mutual$834
Nationwide$949

Delaware home insurance prices: by city

Not every city in Delaware has equal home insurance costs. Rates depend on locally specific variables such as the number of claims filed in the immediate area, meaning your specific ZIP code impact how much you pay.

The cheapest home insurance rates in Delaware are in Pike Creek. An average home insurance policy in Pike Creek costs $514 annually — $100 less than the statewide average. Reference the below table to see the cheapest cities in Delaware for home insurance.


AFFORDABLE CITIES FOR HOME INSURANCE IN DELAWARE
CityAverage Annual Home Insurance Rate
Pike Creek$514
Yorklyn$519
Winterthur$530
Townsend$530
Arden$531

Average homeowners insurance prices in Delaware by coverage levels

How much you spend on home insurance coverage is greatly affected by the level of coverage you choose. In Delaware, carrying $100K dwelling coverage costs an average of $359 per year, while carrying additional coverage up to $400K costs $1,006/year.


HOMEOWNERS INSURANCE RATES IN DELAWARE — COMMON COVERAGE LIMITS
Coverage LevelAverage Annual Premium
$100,000 Dwelling$359
$200,000 Dwelling$614
$250,000 Dwelling$660
$400,000 Dwelling$1,006

Home insurance deductibles in Delaware

Delaware homeowners face a number of choices when deciding on a homeowners insurance policy, including how much their deductible should be. The deductible is the total amount that the insured must contribute toward a covered loss. Where you set your deductible can play a large part in how much you pay for insurance.

In short, a higher deductible leads to cheaper insurance premiums. Therefore, you may want to think about setting a higher deductible if you aim to lock in lower insurance rates. It's worth calling out that your deductible should only be as high as you can reasonably pay in the event of a loss.

Below are some standard deductibles offered by most home insurance companies alongside with corresponding average insurance premiums.


HOMEOWNERS INSURANCE RATES BY DEDUCTIBLE LEVEL IN DELAWARE
Deductible LevelAverage Annual Homeowners Insurance Rate
$500$698
$1,000$660
$1,500$630
$2,000$593
$5,000$530

Home and auto insurance bundles in Delaware

If you’re seeking ways to save on your insurance expenditures, consider purchasing both your car and home insurance policies from one company. Bundling auto and home insurance in Delaware can lead to substantial savings on car insurance. Purchasing bundled policies in Delaware leads to a yearly discount of $189.


HOME AND AUTO INSURANCE BUNDLING SAVINGS IN DELAWARE
Avg. Annual Auto Insurance Rate (No Bundle)Avg. Annual Auto Insurance Rate (Bundle)Annual Bundle SavingsBundle Savings %
$1,790$1,601$18912%

A great way to save is to bundle your auto and homeowners insurance policies. Get started today!



Delaware homeowners insurance FAQs


Does GEICO offer home insurance in Delaware?

Currently, you can buy GEICO's home insurance products in Delaware.

Is homeowners insurance required in Delaware?

No - unlike your auto insurance, home insurance is not required in Delaware. However, your mortgage pay require you to carry coverage.


Homeowners insurance and hurricanes in Delaware

Because hurricanes can cause such calamitous damage and demolish properties entirely, insurance companies remain unwilling to assume the risks posed by hurricanes. If you live in Delaware, you could be vulnerable to suffering hurricane damage. In fact, 8, 901 single-family homes are extremely vulnerable to hurricane damage in Delaware.*

If you reside in a coastal area, it's of utmost importance to check and understand your homeowners policy because a basic home policy won't be sufficient to cover the costs of repairing damage from hurricanes — you would need to bolster your policy with windstorm and flood insurance, both of which would be applicable to pay for the damages. Depending on your location, your insurance company may make it mandatory to have a separate hurricane deductible if you reside in an area that's especially vulnerable.

*Source: Insurance Information Institute (https://www.iii.org/fact-statistic/facts-statistics-hurricanes)

HURRICANE DEDUCTIBLE RATES IN DELAWARE
CompanyAverage Annual Rate w/ Hurricane Deductible
Allstate$469
Cumberland Mutual$487
Nationwide$593
Liberty Mutual$633
State Farm$640

Compare homeowners insurance rates side-by-side!

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Kristine Lee LinkedIn

Kristine is a licensed insurance agent and one of The Zebra’s in-house content strategists. With a background in copywriting, she covers the ins and outs of the home and car insurance industries. She has contributed to numerous publications focused on the nuances of insurance, including Automoblog, USInsuranceAgents.com, and BestCompany.com.