Average homeowners insurance cost in Delaware

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Whether you’re buying a new home or want to protect the property you currently own, it’s important to have sufficient homeowners insurance coverage in place. However, home insurance policies can get expensive, depending on your insurer and the coverage level you choose.

On average, Delaware homeowners insurance costs $1,366 a year, based on Insure.com’s data.

Learn more about the average homeowners insurance rates by company and ZIP code in Delaware.

Key Takeaways

Homeowners insurance costs an average of $1,366 a year, based on Insure.com analysis.
Of all the ZIP codes in Delaware, 19808 has the most affordable home insurance rates at around $991 annually.
In Delaware, Cumberland Insurance provides the most affordable home insurance at an average annual premium of $981.

Average home insurance cost in Delaware by coverage level

In Delaware, the annual homeowners insurance cost is $1,366, on average for the limits of $100,000 in liability, $300,000 in dwelling coverage and a $1000 deductible.

Increasing your dwelling coverage from $300,000 to $400,000 will raise your annual homeowners insurance premium to $1,709 in Delaware, with $100,000 in liability protection and a $1,000 deductible. Below are the average costs for homeowners insurance in Delaware based on dwelling coverage limits of $300,000, $400,000, and $500,000.

Coverage	Average annual rate	Average monthly rate
$200,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible	$1,061	$88
$200,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible	$1,078	$90
$300,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible	$1,366	$114
$300,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible	$1,384	$115
$400,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible	$1,709	$142
$400,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible	$1,729	$144
$600,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible	$2,449	$204
$600,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible	$2,474	$206
$1,000,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible	$3,853	$321
$1,000,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible	$3,886	$324

In Delaware, homeowners insurance companies set rates by assessing various risk factors. Your location, claims history, credit history and coverage limit all affect your premium.

If multiple claims have been filed in your neighborhood over the past few years, you’ll likely face higher home insurance rates than areas with fewer claims. Your credit score can also play a role in determining your home insurance costs.

According to S&P Global Market Intelligence’s RateWatch application, the average homeowners insurance premium for owner-occupied homes nationwide increased by over 11% in 2023.

Best homeowners insurance companies in Delaware

Before purchasing homeowners insurance, it’s important to compare rates and explore your options. Several factors play a role in choosing the best homeowners insurance company for your specific needs.

We evaluated insurance companies in Delaware based on their NAIC scores and AM Best ratings to create a list of the top homeowners insurance providers in the state. Our findings show that Cumberland Insurance received the lowest NAIC score and A+ rating from AM Best. A lower NAIC score indicates fewer complaints relative to the company’s size, suggesting higher customer satisfaction.

Company	Average annual premium	AM Best rating	NAIC Complaint Index	Overall score
Cumberland Insurance	$981	A+	0.18	5
American Family	$1,566	A	0.37	3.84
State Farm	$1,115	A++	0.95	3.65
Allstate	$1,253	A+	0.9	3.47
Travelers	$1,913	A++	0.54	3.25

Average homeowners insurance cost by company in Delaware

Cumberland Insurance has the cheapest homeowners insurance rates in Delaware. Its average annual cost for Delaware homeowners is $981. State Farm and Allstate also offer affordable insurance.

By comparing homeowners insurance rates, you could save hundreds, if not thousands, of dollars annually.

The table below shows the average annual and monthly insurance rates for homeowners in Delaware with $300,000 in dwelling coverage, $100,000 in liability coverage, and a $1,000 deductible.

Company	Average annual rate	Average monthly rate
Cumberland Insurance	$981	$82
State Farm	$1,115	$93
Allstate	$1,253	$104
American Family	$1,566	$131
Travelers	$1,913	$159

Delaware homeowners insurance rates by ZIP code

Insurance companies in Delaware assess the risk associated with a specific location. ZIP codes prone to higher crime rates or frequent natural disasters are often classified as high-risk areas, which can lead to increased insurance premiums. The cost of rebuilding or repairing homes in a specific ZIP code can also impact how much you pay for a homeowners insurance policy.

Make sure you shop around and compare quotes from various insurance companies to get the best deal on homeowners insurance rates in Delaware. Don’t forget to ask about any available discounts, such as bundling policies or a smart home discount.

Most affordable ZIP codes for home insurance rates in Delaware

Not every area in Delaware has the same home insurance cost. How much you pay for homeowners insurance in Delaware depends on many factors, including your ZIP code. Our data shows that 19808 ZIP has low-cost home insurance rates in Delaware, at about $991 a year or $83 monthly.

Below you can find homeowners insurance rates for some of the most affordable ZIP codes in Delaware.

ZIP code	Average annual rate	Average monthly rate
19808	$991	$83
19804	$1,052	$88
19707	$1,057	$88
19711	$1,065	$89
19810	$1,069	$89
19733	$1,075	$90
19803	$1,080	$90
19701	$1,082	$90
19713	$1,084	$90
19702	$1,085	$90

Most expensive ZIP codes for home insurance rates in Delaware

Your ZIP code is a key factor in determining the cost of your homeowners insurance coverage. In Delaware, certain areas have higher insurance premiums due to elevated crime rates, increased risk of natural disasters, and higher living costs.

19944 has the most expensive homeowners insurance rates in Delaware at an average annual cost of $2,218.

Below, we’ve highlighted some of the most expensive ZIP codes in Delaware for home insurance:

ZIP code	Average annual rate	Average monthly rate
19944	$2,218	$185
19930	$2,207	$184
19971	$1,968	$164
19970	$1,920	$160
19939	$1,891	$158
19958	$1,874	$156
19966	$1,837	$153
19945	$1,832	$153
19967	$1,773	$148
19951	$1,720	$143

Home insurance rates vary from one city to another. But with Insure.com, finding the right home insurance policy is easy. Learn more about homeowners insurance costs for different cities below.

Home insurance rates in Delaware by city

See rates in your city

Home insurance rate trend in Delaware

We analyzed home insurance rate trends in Delaware and found that homeowners insurance rates experienced an overall decrease of only 1% or $9, from 2022 to 2023.

The following data highlights the changes in homeowners insurance rates since 2019.

2019 rates	2022 rates	2023 rates
$1,204	$1,375	$1,366

Finding the right homeowners insurance requires thorough research and comparing rates from different insurers, as each has its own way of assessing risk. By gathering quotes from at least three companies, you can increase your chances of getting the most affordable coverage in Delaware.

Resources & methodology

Source

S&P Global. “US homeowners insurance rates jump by double digits in 2023.” Accessed September 2024.

Methodology

Insure.com worked with Quadrant Information Service to get homeowners insurance data. We analyzed 20,739,560 insurance quotes from 82 national and regional insurance companies across 34,588 ZIP codes to determine the average premiums.

The insurance rates are based on a sample profile of a homeowner with good credit and the following coverage level:

$300,000 dwelling coverage
$100,000 liability protection
$1000 deductible

We have taken into account 3 important factors such as average annual cost, NAIC score and AM Best rating, to determine the list of best homeowners insurance companies. The quoted insurance rates are for comparison purposes, and your individual rates may vary.

Shivani Gite

Contributing Writer

Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions.