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Delaware homeowners insurance: what you need to know

The average cost of home insurance in Delaware is $614 a year or $51 per month. The best way to find affordable homeowners insurance in Delaware is to compare rates and consider policies from a variety of insurance companies. Individual rates may vary depending on coverage options.

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.

Learn home insurance rates in Delaware via the below breakdown.

 

Table of contents:
  1. Rates by company
  2. Rates by coverage amount
  3. Rates by deductible amount
  4. Rates by city
  5. Bundling savings
  6. Frequently asked questions
  7. Natural disaster coverage
 

The cheapest home insurance companies in Delaware

Home insurance prices in Delaware vary depending on which insurance company you use. Cumberland Mutual offers the least expensive 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.

 
AFFORDABLE HOME INSURERS IN DELAWARE
Insurance CompanyAverage Yearly Rate in Delaware
Cumberland Mutual$569
State Farm$679
Allstate$753
Liberty Mutual$834
Nationwide$949
 
 

Delaware home insurance prices 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.

 
POPULAR COVERAGE LIMITS IN DELAWARE
Coverage LevelAverage Annual Cost
$100,000 Dwelling$359
$200,000 Dwelling$614
$250,000 Dwelling$660
$400,000 Dwelling$1,006
 

Homeowners 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.

 
HOME INSURANCE PREMIUMS BY DEDUCTIBLE IN DELAWARE
Deductible TierAverage Annual Homeowners Insurance Rate
$500$698
$1,000$660
$1,500$630
$2,000$593
$5,000$530
 

Delaware homeowners insurance costs 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.

 
CHEAPEST CITIES FOR HOMEOWNERS INSURANCE IN DELAWARE
CityAverage 12-Month Home Insurance Rate
Pike Creek$514
Yorklyn$519
Winterthur$530
Townsend$530
Arden$531
 
 

Home and auto insurance bundling 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 BUNDLING DISCOUNTS IN DELAWARE

Avg. Annual Rate (No Bundle)

Avg. Annual Rate (w/ Bundle)

Annual Savings ($)

Annual Savings (%)

$1,790$1,601$18912%

 

 

 

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 may require you to carry coverage.

 


Natural disaster coverage in Delaware

 

Does homeowners insurance cover hurricanes in Delaware?

Because hurricanes can cause such calamitous damage and demolish properties entirely, insurance companies remain unwilling to assume the high 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

 

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

Does homeowners insurance cover flooding in Delaware?

Flood insurance is a necessity for many in Delaware as flood damage — whether a byproduct of a downpour or a hurricane —is not covered by homeowners insurance policies. To insure your home against flood damage, get insurance through FEMA's National Flood Insurance Program (NFIP) or via a private insurer. 

Flood insurance coverage from private companies may vary, but NFIP flood insurance covers:

  • $250,000 for your home’s structure
  • $100,000 for your personal property

If the value of your personal property and home exceeds these limits, consider purchasing a flood insurance policy from our partners at Neptune for additional protection.

Find an affordable homeowners policy in Delaware today!

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Kristine Lee
Kristine LeeManager, Content and Data

Kristine is a licensed insurance agent who joined The Zebra in 2019 as an in-house content researcher and writer.

She is an authority on all things insurance and covers the ins and outs of auto, home, life and renters insurance. Her specialty is in providing data-backed insights and information to help insurance shoppers make informed decisions.

Kristine's insurance expertise and research have been cited by publications such as CNBC, Car and Driver, Business Insider, Yahoo!, The Balance, Nationwide and Elephant.

About The Zebra

The Zebra is not an insurance company. We publish data-backed, expert-reviewed resources to help consumers make more informed insurance decisions.

  • The Zebra’s insurance content is written and reviewed for accuracy by licensed insurance agents.

  • The Zebra’s insurance content is not subject to review or alteration by insurance companies or partners.

  • The Zebra’s editorial team operates independently of the company’s partnerships and commercialization interests, publishing unbiased information for consumer benefit.

  • The auto insurance rates published on The Zebra’s pages are based on a comprehensive analysis of car insurance pricing data, evaluating more than 83 million insurance rates from across the United States.