Average homeowners insurance cost in Wilmington, DE

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In Wilmington, homeowners pay an average annual rate of $1,099 (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 $1,405 less than the national average of $2,504.

Homeowners insurance rates change from one home to another. The home insurance premium in Wilmington 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 Wilmington, what home insurance costs for different dwelling coverage, and which companies offer cheap home insurance in Wilmington.

Key takeaways

The cost of your homeowners insurance policy in Wilmington 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 Wilmington with an average annual premium of $885.
If you increase your dwelling coverage from $200,000 to $300,000, you will pay $245 more, annually for home insurance.

Average homeowners insurance cost in Wilmington per month

Residents of Wilmington pay an average of $92 a month for homeowners insurance, as per Insure.com’s rate analysis. It’s $22 less than the state average of $114 and $117 less than the national average for home insurance across the United States.

The cost of your homeowners insurance policy in Wilmington may change based on location, property value, and selected coverage options.

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

In Wilmington, DE, homeowners pay an average of $854 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 Wilmington

According to Insure.com’s rate analysis, homeowners in Wilmington typically pay an average of $1,099 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 $245. It is advisable to 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 Wilmington by company

Among the carriers analyzed, Cumberland Insurance is the most affordable homeowners insurance company in Wilmington. It’s average annual rate for homeowners in Wilmington is $885.

Travelers, ranks second and State Farm makes it to the third spot with an average annual home insurance rate of $1,065.

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

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

Home Insurance Company	Annual rate
Cumberland Insurance	$885
Travelers	$1,025
State Farm	$1,065
Allstate	$1,069
American Family	$1,453

Methodology

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