Average homeowners insurance cost in Dover, Delaware

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Our data shows that the average cost of homeowners insurance in Dover is $1,128 per year (for the coverage level of $300,000 for dwelling, $100,000 for liability protection and $1,000 deductible). It’s $1,376 less than the national average of $2,504 .

Homeowners insurance rates differ significantly from one home to another. Home insurance rates in Dover depend on several factors, including:

Size of your home
Age of your home
Amount of coverage you need
Location
Your credit score

To ensure you secure the best homeowners insurance policy, compare quotes from multiple insurers. This will enable you to find the coverage that aligns with your specific requirements.

Read this guide to learn how much homeowners insurance costs monthly in Dover, what home insurance costs for different dwelling coverage, and which companies offer cheap home insurance in Dover.

Key Takeaways

The cost of your homeowners insurance policy in Dover can vary based on factors such as your location, the value of your home, and the coverage options you select.
Cumberland Insurance is the cheapest homeowners insurance company in Dover with an average annual premium of $889 .
If you increase your dwelling coverage from $200,000 to $300,000, you will pay $250 more annually for home insurance.

Average homeowners insurance cost in Dover per month

Dover homeowners pay an average of $94 a month. It’s $20 less than the state average of $114 and $115 less than the national average for home insurance across the nation. The price of your homeowners insurance policy in Dover may vary depending on where you live, the value of your home, and the coverage you choose.

Average homeowners insurance cost for a $200,000 house

In Dover, DE, homeowners pay an average of $878 annually for a $200,000 house. The amount you pay for home insurance each year depends on factors such as natural disasters or events within your locality.

Some regions are more at risk for natural disasters, like floods, hurricanes, or tornadoes, implying higher rebuilding rates in these areas, resulting in costlier insurance premiums. It’s essential to note that your insurance policy might not cover damages caused by floods or hurricanes. If you reside in an area prone to flooding, consider buying flood insurance.

Average homeowners insurance cost for a $300,000 house

Homeowners in Dover typically pay an average of $1,128 annually for a home insurance policy with $300,000 in dwelling coverage, $100,000 in liability protection, and a $1,000 deductible.

If you increase your dwelling coverage from $200,000 to $300,000, your home insurance rates will rise by $250 . You should purchase enough insurance to cover the entire cost of rebuilding your home. The required amount of dwelling coverage can vary based on factors such as the size of your home, its features, and the cost of living in your area.

Average homeowners insurance cost in Dover by company

Among the carriers we analyzed, Cumberland Insurance is the most affordable homeowners insurance company in Dover, offering an average annual rate of $889 , while State Farm ranks second.

Researching a company thoroughly before selecting a homeowners insurance policy is essential – and we can help with that. We took a close look at all the insurance companies serving Dover and put together a list of the most affordable ones.

Here’s a look at the top home insurance companies in Dover and what you can expect to pay with each one on average.

Home Insurance Company	Annual rate
Cumberland Insurance	$889
State Farm	$1,074
Allstate	$1,080
Travelers	$1,097
American Family	$1,498

Many insurance companies offer discounts to customers who bundle their policies. By combining your home insurance policy with other policies, such as auto insurance, you can lower your premiums and simplify your insurance management with one provider.

Natural disasters in Delaware that can impact your home insurance

Living in Delaware comes with the possibility of natural disasters that can cause serious damage to your home and belongings. From costly repairs to large insurance claims, the financial impact can be significant. That’s why it’s important to know which types of disasters are most common in your area before selecting a home insurance policy.

Understanding your local risks allows you to customize your coverage – whether that means adjusting your policy limits, choosing a higher deductible, or adding protection for hazards like floods or earthquakes. Planning ahead helps ensure you’re fully covered when it matters most.

Delaware is commonly affected by Coatal flooding, Heat wave and Winter weather.

How home insurance protects you against natural disasters

Home insurance protects your property and belongings from the financial impact of natural disasters. Home insurance can help pay for structural damage repairs, replace lost or damaged items, and provide funds for temporary housing if you can’t live in your home. This coverage provides financial relief, making it easier for homeowners to recover quickly from the effects of natural disasters.

While standard policies generally cover damage from windstorms, hail and lightning, additional coverage is required for disasters like floods, earthquakes and wildfires.

These types of damage are usually not covered by homeowners insurance, so homeowners need to buy separate flood or earthquake insurance to ensure complete protection.

Keep in mind: Standard policies may not cover everything

While homeowners insurance typically protects against common hazards, some natural disasters – like floods and earthquakes – require separate policies. Don’t assume you’re fully covered. Check your policy details and consider endorsements or supplemental coverage if you live in a high-risk area.

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Dover for $300,000 dwelling coverage and $100,000 liability coverage with a $1,000 deductible. The data presented are those with a good credit tier alignment.

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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.