Average homeowners insurance cost in Smyrna, DE

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In Smyrna, homeowners pay an average annual rate of $1,124 (for the coverage level of $300,000 for dwelling, $100,000 for liability protection, and $1,000 deductible), according to Insure.com’s rate analysis. It’s $1,380 less than the national average of $2,504.

Homeowners insurance rates change from one home to another. The home insurance premium in Smyrna depends on various factors, such as:

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, enabling you to find the right coverage that aligns with your specific requirements.

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

Key takeaways

The average cost of homeowners insurance in Smyrna is $1,124 per year.
Cumberland Insurance is the cheapest homeowners insurance company in Smyrna with an average annual premium of $883.
If you increase your dwelling coverage from $200,000 to $300,000, you will just have to pay $253 more a year for home insurance.

Average homeowners insurance cost in Smyrna per month

According to Insure.com’s rate analysis, residents of Smyrna pay an average of $94 per month for homeowners insurance. This is $20 less than the state average of $114 and $115 less than the national average for home insurance across the United States. The cost of your homeowners insurance policy in Smyrna can vary depending on your location, property value, and selected coverage options.

Average homeowners insurance cost for a $200,000 house in Smyrna

In Smyrna, DE, homeowners pay an average of $871 annually for a $200,000 home. The annual cost of home insurance is influenced by factors such as the risk of natural disasters in your area.

Regions more susceptible to natural disasters, such as floods, hurricanes, or tornadoes, typically face higher rebuilding costs, leading to increased insurance premiums. It is important to understand that standard insurance policies might not cover damages caused by floods or hurricanes. If you live in a flood-prone area, it is advisable to purchase flood insurance.

Average homeowners insurance cost for a $300,000 house in Smyrna

As per rate analysis by Insure.com, homeowners residing in Smyrna typically pay an average of $1,124 annually to insure a home for coverage limits of $300,000 dwelling, $100,000 liability protection with a $1,000 deductible.

Your home insurance rates will be increased by $253 if you increase your dwelling coverage from $200,000 to $300,000. It is advisable to buy enough insurance sufficient insurance to cover the entire cost of rebuilding your home. However, the amount of dwelling coverage you need may vary depending on the size of your home, the features in your home, and the cost of living in your area.

Average homeowners insurance cost in Smyrna by company

Among the carriers analyzed, Cumberland Insurance is the most affordable homeowners insurance company in Smyrna. It’s average annual rate for homeowners in Smyrna is $883.

State Farm, ranks second and Travelers makes it to the third spot with an average annual home insurance rate of $1,083.

Research on the company is essential before selecting a homeowners insurance policy. Insure.com has thoroughly examined all insurance companies operating in Smyrna and compiled a list of the most affordable home insurance companies.

Below are details of Smyrna home insurance companies and their average annual premiums.

Home Insurance Company	Annual rate
State Farm	$1,068
Travelers	$1,083
Allstate	$1,088
American Family	$1,498
Cumberland Insurance	$883

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Smyrna 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.