Best Wilmington Homeowners Insurance Quotes (2025)

Travelers, Cumberland Insurance Group, and State Farm offer some of the best homeowners insurance policies in Wilmington, Delaware.

Anna Baluch
Written byAnna Baluch
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Anna BaluchInsurance Writer
  • 4+ years writing insurance and personal finance content

  • MBA from Roosevelt University

Anna leverages her personal finance and insurance knowledge to create educational content that helps people make smart financial decisions.

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Becky Helzer
Edited byBecky Helzer
Becky Helzer
Becky HelzerEditor

Becky Helzer is an editor at Insurify. She loves helping writers express their ideas clearly and authentically. With a diverse background in editing everything from curriculum and books to magazine articles and blog posts, she’s worked on topics ranging from home finance, insurance, and cloud computing to the best tools for home improvement.

A proud graduate of Colorado State University with a degree in technical journalism, Becky lives in Fort Collins, CO, with her husband and their two spoiled rescue dogs.

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Wilmington, the largest city in Delaware, offers a unique blend of big-city and small-town charm. Here, homeowners pay an average of $975 annually for a home insurance policy with $300,000 in dwelling coverage with a $1,000 deductible. This rate is much lower than the national average of $2,584 per year for the same coverage, possibly due to Delaware’s lower population density and relatively moderate risk of natural disasters.[1]

To find the best deal on home insurance coverage in Wilmington, Delaware, it’s a good idea to shop around and compare multiple quotes. Here’s what you need to know about homeowners insurance in Wilmington.

Quick Facts
  • Travelers, Cumberland Insurance Group, and State Farm offer some of Wilmington’s cheapest home insurance rates.

  • Wilmington residents pay an average of $81 per month for $300,000 in dwelling coverage with a $1,000 deductible, or $85 per month with a $500 deductible.

  • Home insurance premiums in Wilmington are cheaper than in most Delaware cities, including Dover, Seaford, and Millsboro.

Best home insurance companies in Wilmington

The best homeowners insurance company depends on your budget, the type of homeowners insurance you need, and your personal preferences. The following three companies are among the top options for homeowners in Wilmington.

Cheapest rates: Travelers

Compare personalized, real-time quotes
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
7.8/10
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
609
$300,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$48/mo
$500,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$81/mo

Among the home insurance companies we analyzed, Travelers offers the cheapest average home insurance premiums in Wilmington.

In addition to standard protection, you can add on coverage for jewelry and valuables, water backup, and identity fraud. Travelers even offers green home coverage, which helps pay to repair, replace, or rebuild your home with green materials following a covered loss.

Pros
  • Quotes available online

  • Robust mobile app

Cons
  • Below-average J.D. Power customer satisfaction score

  • Doesn’t insure mobile or manufactured homes

Best insurer for personalized service: State Farm

Compare personalized, real-time quotes
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
8.2/10
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
643
$300,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$77/mo
$500,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$116/mo

With a handful of agents in the Wilmington area, State Farm is worth considering if you value personal service. An agent can assist you in choosing the coverage you need to protect your home and fit your budget. If you live in an area where flooding is a concern, your agent may also be able to help you obtain flood insurance through the National Flood Insurance Program (NFIP).

Pros
  • Coverage automatically adjusts for inflation

  • Available bundling discount

Cons
  • Fewer discounts than competitors

  • Poor Better Business Bureau (BBB) rating

Best insurer for discounts: Allstate

Compare personalized, real-time quotes
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
8.2/10
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
631
$300,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$62/mo
$500,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$99/mo

Consider Allstate if you plan to build or buy a home. Allstate’s homebuyer discount applies to newly built homes or a recent home purchase.

You can also save money by installing anti-theft devices or smoke alarms, remaining claims-free, and signing up for automatic payments. And with the company’s online quote feature, you can easily compare your options.

Pros
  • Many discounts available

  • 24/7 customer service via chat

Cons
  • More expensive rates than competitors

  • Below-average J.D. Power customer satisfaction score

  • Our editorial team analyzed regional and national home insurance companies that sell policies in Wilmington to assess which offer the best rates, coverage options, customer service, and savings to homeowners. We prioritized competitive rates, 24/7 customer service, homeownership discounts or bundling options, and specialty or supplemental coverages.

Cheapest home insurance companies in Wilmington

Travelers has the cheapest home insurance rates in Wilmington, averaging $615 annually for a policy with $300,000 in dwelling coverage and a $1,000 deductible.

The table below shows prices for several other insurers for the same dwelling coverage amount and deductible.

Insurance Company
sort ascsort desc
Average Annual Premium
sort ascsort desc
Cumberland Insurance Group$669
State Farm$964
Nationwide$983
Encompass$1,115
Homesite$1,153
Allstate$1,323

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How much is home insurance in Wilmington?

In Wilmington, Delaware, the average annual cost of homeowners insurance for $300,000 in dwelling coverage is $975 with a $1,000 deductible or $1,024 with a $500 deductible. 

Insurers base your premium on factors like the size and construction of your home, your coverage amount and deductible, and the value of your personal belongings.[2]

Cost of home insurance by dwelling coverage in Delaware

If a covered loss damages your Wilmington property, having sufficient dwelling coverage is essential to repair or rebuild your home.

To ensure you buy an adequate dwelling coverage amount, consider factors such as your home’s age, square footage, and interior features. Higher dwelling coverage amounts increase your home insurance costs, but ask your insurer about discounts and other ways to lower your premium.[3]

Here’s a look at how different dwelling coverage amounts in Delaware affect annual home insurance premiums for policies with a $1,000 deductible.

Coverage Limit
sort ascsort desc
Average Annual Premium
sort ascsort desc
$100,000$607
$200,000$925
$300,000$1,254
$400,000$1,607
$500,000$2,041

Cost of homeowners insurance by deductible amount

Your home insurance deductible is your out-of-pocket cost when you file a claim for a covered loss. Once you pay your deductible, your policy will kick in and pay for damages up to your policy limits. While a higher deductible means a lower premium, ensure you can afford to pay the higher out-of-pocket costs if you file a claim.

The table below shows pricing for a $300,000 Wilmington home insurance policy with a $500 and $1,000 deductible.

Deductible Amount
sort ascsort desc
Average Annual Premium
sort ascsort desc
$500$1,024
$1,000$975

Average cost of home insurance in other cities in Delaware

Your city and ZIP code within Delaware also influence your home insurance quotes. Different areas have variances in weather, crime rates, and proximity to fire stations. For example, if you own a home in an area prone to flooding, you’ll pay more for your home insurance than someone with a lower flood risk.

The table below highlights home insurance costs in other Delaware cities.

City
sort ascsort desc
Average Annual Premium
sort ascsort desc
Bear$1,023
Newark$1,030
Smyrna$1,044
New Castle$1,100
Middletown$1,347
Millsboro$1,660

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What to know about owning a home in Wilmington

If you’re a homeowner in Wilmington, it’s important to be aware of risks and natural disasters that might affect your property, including:

  • illustration card https://a.storyblok.com/f/162273/100x100/4ec24627d2/flood-coverage.svg

    Floods

    Depending on where you live in Wilmington, flooding may be a concern. If this is the case, you can buy flood insurance through the NFIP or a private insurer.

  • illustration card https://a.storyblok.com/f/162273/150x150/f05c9c5796/climate-change-96x96-yellow_028-earthquake.svg

    Earthquakes

    While earthquakes in Delaware aren’t common, Delaware’s largest earthquake occurred in Wilmington in 1871.[4] A separate earthquake policy can protect your home from this peril.

  • illustration card https://a.storyblok.com/f/162273/150x150/9c7560177c/insurify-icons-auto-orange-96x96_037-theft.svg

    Theft

    Wilmington has its share of property crimes, including theft and vandalism. A standard homeowners insurance policy covers theft-related damages.

Wilmington home insurance FAQs

The answers to some frequently asked questions below can provide more information as you shop for homeowners insurance in Wilmington.

  • Homeowners insurance in Wilmington costs an average of $975 per year for $300,000 in dwelling coverage with a $1,000 deductible, or $1,024 with a $500 deductible. Areas in Wilmington are vulnerable to flooding, so you may want to buy flood insurance from the NFIP or through a private insurance company.

  • Travelers offers the cheapest average homeowners insurance rates in Wilmington, at $615 per year.

  • To save money on your home insurance costs in Wilmington, shop around and compare your options. You can also increase your deductible, take advantage of discounts, and bundle your home and auto insurance.

  • The 80% rule states that you must insure your home for 80% of its replacement value. If the coverage amount is below 80%, your insurer may reimburse you an amount proportional to the minimum amount you should’ve purchased.

  • Flooding and hurricanes are common risks for Delaware homeowners, but your particular risks depend on where your home is located within the Blue Hen State.

Sources

  1. FEMA (Federal Emergency Management Agency). "National Risk Index Map."
  2. Insurance Information Institute. "What is covered by standard homeowners insurance?."
  3. Insurance Information Institute. "12 Ways to Lower Your Homeowners Insurance Costs."
  4. Delaware Geological Survey. "Catalog of Earthquakes in Delaware."
Anna Baluch
Anna BaluchInsurance Writer

Anna Baluch is a Cleveland-based personal finance and insurance expert. With an MBA from Roosevelt University, she enjoys writing educational content that helps people make smart financial decisions. Her work can be seen across the internet on many publications, including Freedom Debt Relief, Credit Karma, RateGenius, and the Balance. Connect with Anna on LinkedIn.

Anna has been a contributor at Insurify since December 2022.

Becky Helzer
Edited byBecky HelzerEditor
Becky Helzer
Becky HelzerEditor

Becky Helzer is an editor at Insurify. She loves helping writers express their ideas clearly and authentically. With a diverse background in editing everything from curriculum and books to magazine articles and blog posts, she’s worked on topics ranging from home finance, insurance, and cloud computing to the best tools for home improvement.

A proud graduate of Colorado State University with a degree in technical journalism, Becky lives in Fort Collins, CO, with her husband and their two spoiled rescue dogs.

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