Delaware Homeowners Insurance Quotes (2024)

Stillwater, Midvale Home & Auto, and Nationwide offer some of the best homeowners insurance policies in Delaware.

A.M. Steinbach
Written byA.M. Steinbach
A.M. Steinbach
A.M. SteinbachInsurance Writer
  • Full-time writer for 5+ years

  • Two-time Emmy Award nominee

A Harvard graduate, Mark has worked as a freelance personal finance and tech writer. He’s also written for Saturday Night Live.

Featured in

media logomedia logomedia logomedia logo
Chris Schafer
Edited byChris Schafer
Chris Schafer
Chris SchaferSenior Editor
  • 15+ years in content creation

  • 7+ years in business and financial services content

Chris is a seasoned writer/editor with past experience across myriad industries, including insurance, SAS, finance, Medicare, logistics, marketing/advertising, and many more.

Featured in

media logomedia logomedia logomedia logo
Andrew Huang
Data reviewed byAndrew Huang
Headshot of Andrew Huang, Directory of Analytics at Insurify
Andrew HuangVice President, Performance Marketing
  • Chartered financial analyst

  • 12+ years in data analysis and marketing

Andrew applies his vast knowledge of analytics and insurance industry trends to help inform Insurify’s content and marketing efforts.

Featured in

media logomedia logomedia logo

Updated March 29, 2023 at 12:00 PM PDT

Save up to $717 by comparing quotes from the top 70+ insurance companies

Secure. Free. Easy-to-use.
Based on 3,806+ reviews
4.8/5
Shopper Approved
ProgressiveLiberty MutualTravelers
Advertiser Disclosure

At Insurify, our goal is to help customers compare insurance products and find the best policy for them. We strive to provide open, honest, and unbiased information about the insurance products and services we review. Our hard-working team of data analysts, insurance experts, insurance agents, editors and writers, has put in thousands of hours of research to create the content found on our site.

We do receive compensation when a sale or referral occurs from many of the insurance providers and marketing partners on our site. That may impact which products we display and where they appear on our site. But it does not influence our meticulously researched editorial content, what we write about, or any reviews or recommendations we may make. We do not guarantee favorable reviews or any coverage at all in exchange for compensation.

Why you can trust Insurify: Comparing accurate insurance quotes should never put you at risk of spam. We earn an agent commission only if you buy a policy based on our quotes. Our editorial team follows a rigorous set of editorial standards and operates independently from our insurance partners. Learn more.

There are many things to love about living in Delaware, and that includes the price you pay for insurance. The average cost of homeowners insurance in Delaware is $131 per month and $1,572 per year, based on 2022 rates. You’ll be relieved to learn that you have the sixth-cheapest home insurance rates in the country.

Stillwater, Midvale Home & Auto, and Nationwide offer some of the most affordable policies in the state, as well as high customer satisfaction scores. Here’s what you should know about these and other companies, as well as what additional coverages you should consider in Delaware, such as flood insurance.

Best home insurance companies in Delaware

Many quality home insurance companies are available in Delaware. As a homeowner, you should consider your individual needs before choosing a policy, including your home’s age, condition, and location.

Here are some of the best insurers in Delaware, across key categories.

Find Delaware Home Insurance

Secure. Free. Easy-to-use.
Based on 3,806+ reviews
4.8/5
Shopper Approved
ProgressiveLiberty MutualTravelers

Best large insurer: Nationwide

Nationwide is one of the most trusted home insurance companies in the country and the 10th-largest home insurer by market share.[1] Nationwide has offices across Delaware, including in cities like Dover and Milford. Nationwide also has a customer satisfaction index rating of 816 out of 1,000 from J.D. Power, which is slightly below average.[2]

Pros
  • Low average rate of $116 per month

  • A+ financial strength rating from A.M. Best[3]

  • Offers a home and auto bundle

Cons
  • Below-average customer satisfaction score

  • Takes credit score into account when determining rates

  • Mixed customer reviews on Better Business Bureau[4]

Best insurer for cheap rates: Stillwater

Stillwater offers the lowest average rates in Delaware, at $69 per month. While Stillwater offers affordable rates, the company has a 2.82 company complaint index from the National Association of Insurance Commissioners (NAIC), which is more than double the average.[5] Fortunately, Stillwater has a high financial strength rating of A- from A.M. Best.[6]

Pros
  • Offers a rate of just $69 per month, which is well below average

  • High financial strength ratings from A.M. Best

  • Offers bundling discounts

Cons
  • More customer complaints than average

  • Only a few locations in Delaware

  • Not a large national provider

Best insurer for windstorm coverage: Travelers

Travelers’ standard policy covers damage from windstorms, which is the most common type of severe weather event in Delaware.[7] Travelers has a J.D. Power score of 794 out of 1,000, which is below average, but it does offer some of the lowest average rates in the state, at $123 per month.[2]

Pros
  • Standard policy covers windstorm damage

  • Savings of up to 12% when you bundle

  • Some of the lowest rates in the state

Cons
  • Low customer satisfaction scores

  • Doesn’t offer a small, boutique provider experience

  • Mixed customer reviews from Better Business Bureau[8]

Best insurer for high-value homes: Hippo

Hippo offers increased coverage limits and additional coverage options for high-value homes. The company also offers discounts for smart home features common in newer, higher-value homes. While J.D. Power hasn’t rated Hippo, it has a B grade from the Better Business Bureau.[9]

Pros
  • Innovative tech-driven platform

  • Above-average Better Business Bureau rating

  • Offers plenty of discounts

Cons
  • Newer, less-established brand

  • Average rate of $181 per month is higher than state average

  • Tech-driven focus may not appeal to all policyholders

Best regional insurance company: Midvale Home & Auto

Midvale Home & Auto offers robust homeowners insurance policies to Delaware homeowners. While J.D. Power hasn’t given Midvale Home & Auto a customer satisfaction score, the provider has an A financial strength rating from A.M. Best.[10]

Pros
  • Low average rate of $106 per month

  • High financial strength scores

  • Offers bundling discounts

Cons
  • Smaller and less established than some national insurers

  • Not accredited by the Better Business Bureau[11]

  • Factors in credit score when determining rates

Methodology

Insurify’s team of data scientists analyze millions of home insurance quotes, and weigh publicly available reviews, claims payout rates, complaint indexes, financial strength scores, company reputations, and proprietary quoting data. Our editorial team applies this insight to inform our unbiased reviews and recommendations.

How much is homeowners insurance in Delaware?

Delaware homeowners pay an average of $131 per month for homeowners insurance, which is one of the lowest average rates in the country. Several factors affect homeowners insurance rates, including your policy type, your location, and your home’s value.

Here’s a closer look at some of the key components of your policy so you can see how they affect your premiums.

How your policy choices affect home insurance rates in Delaware

Your policy form

Homeowners policy forms differ in terms of how many perils they cover. Perils refer to the causes of property damage, such as fire, severe weather, and theft. An HO-3 or special form policy is the most common type of homeowners insurance policy and covers the following perils:


Different homeowners policy types cover different amounts of perils. For example, an HO-5, or comprehensive policy, covers all perils except for those specifically listed as exclusions on your policy. As a result, an HO-5 policy tends to cost more on average than an HO-3 policy.

Always check your policy closely to make sure it covers all perils that matter to you. Delaware homeowners should note that flooding is not a covered peril on standard home insurance policies. Homeowners in the state should consider adding flood insurance to be covered in the event of a severe storm.

See More: What Does Home Insurance Cover and What Does It Exclude?

Your coverage level

Your chosen coverage level affects how much you pay for home insurance. On average, HO-5 policies cost over $1,000 more per year than HO-3 policies in Delaware.[12] Enhanced or additional coverages can provide you with better protection but may lead to higher premiums.

While price is important, you should also make sure your coverage level meets your needs.

Your deductible

Your deductible is the amount you pay out of pocket for a claim before your insurance coverage kicks in. For example, if you file a claim after a storm damages your roof and your deductible is $250, you’ll have to pay $250 for repairs before your insurance provider covers the remaining repair costs.

Generally, choosing a higher deductible means lower monthly insurance premiums. However, a higher deductible means you’re taking on more financial risk if you do have to file a claim.

While lower premiums may be tempting, be sure to set your deductible to a level you can afford if you need to file a claim.

Read Also: How Much to Make Your Homeowners Insurance Deductible

How location affects home insurance rates in Delaware

Location plays a factor in how much you pay for homeowners insurance. Home insurance quotes can vary by state or even by ZIP code within a state for the following reasons:

  • Weather: Homeowners who live in areas that frequently experience severe weather have a higher risk of property damage. Insurers typically offer higher average premiums to homeowners in these areas to offset this risk.

  • Proximity to emergency services: Homeowners that live closer to a fire department or police station are considered less likely to file claims for severe damage or loss, making these homes more affordable to insure.

  • Local crime rate: Homeowners in areas that have a higher rate of theft or vandalism pay more for home insurance due to the higher chance of filing a claim.

  • Property values: Homes that are more expensive to rebuild often come with higher insurance costs. For instance, the average rebuild cost in Dover is nearly $90,000 more than in Newark. As a result, the average insurance rate in Dover is nearly twice as much as it is in Newark.

CityAverage Monthly Quote
Dover$164
Newark$84
Wilmington$100
Table data sourced from real-time quotes from Insurify’s partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer’s unique profile.

What are the cheapest home insurance companies in Delaware?

Stillwater, Midvale Home & Auto, and Nationwide are the three most affordable home insurance companies in Delaware. All three companies offer rates below Delaware’s already low state average of $132 per month. In fact, Stillwater’s average rates are $62 less than the state average.

Several factors can raise your rates, even if you’re working with a more affordable insurer. For instance, Delaware residents who are closer to the coast might be more likely to file a claim after a severe coastal windstorm — and will face higher rates as a result. Compare quotes from several different insurance providers to find the policy that meets your needs.

Insurance CompanyAverage Monthly Quote
Stillwater$69
Midvale Home & Auto$106
Nationwide$116
Travelers$123
Hippo$181
Table data sourced from real-time quotes from Insurify’s partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer’s unique profile.

How much homeowners insurance do you need in Delaware?

If you take out a mortgage in Delaware, your lender will usually require you to have a homeowners insurance policy. Read your policy closely to make sure your homeowners insurance covers all necessary perils. Opt for a policy that sufficiently covers your home’s structure, your personal property (such as personal belongings), and your liability.

Find Delaware Home Insurance

Secure. Free. Easy-to-use.
Based on 3,806+ reviews
4.8/5
Shopper Approved
ProgressiveLiberty MutualTravelers

What home insurance coverages should you buy in Delaware?

Homeowners insurance policies are often called “package policies” because they contain a package of different coverages. The prices of these different coverages may vary based on the replacement cost of your home and how much personal property you own. These are the primary coverages you’ll find in a home insurance policy in Delaware:

  • Dwelling coverage covers damage to the structure of your home, as well as any attached structures, like a garage. For example, if your roof suffers water damage after a storm, your dwelling coverage will cover the cost of repairs.

  • Other structures coverage covers damage to other structures on your property, such as a shed or gazebo. Most standard policies also cover damage to your landscaping up to 5% of the value of your policy.

  • Personal property coverage covers damage or loss of personal belongings, such as furniture and electronics. For instance, if your television is stolen during a break-in, personal property coverage will cover some or all of the replacement cost. You can purchase an additional rider or endorsement for more expensive items, like artwork.

  • Temporary living expenses cover you for loss of use if your home requires repairs that displace you from your home. For example, your temporary living expenses coverage will cover hotel fees and transportation costs.

  • Personal liability coverage protects you financially in the event of an accident on your property. For example, if a guest trips on the stairs of your home and injures themselves, your personal liability coverage will handle their medical expenses.

What optional home insurance coverages should you buy in Delaware?

Standard home insurance policies exclude some key perils. Luckily, optional coverages are available to homeowners who want added protection:

  • Flood insurance: Purchasing flood insurance is a good idea if you want to be protected in the event of a flood. Delaware homeowners can purchase flood insurance through a private insurer or through the National Flood Insurance Program, which provides flood insurance to more than five million policyholders. On average, flood insurance costs about $700 per year.

  • Earthquake insurance: Earthquakes are another peril not covered in standard home insurance policies. Fortunately, only 58 earthquakes have occurred in Delaware since 1871, which means Delaware homeowners don’t need to worry about property damage from earthquakes.

  • Water/sewer backup coverage: Most standard home insurance policies don’t cover damage from water or sewer backup.[13] Investing in add-on water/sewer backup coverage is a good idea for Delaware residents who live on the coast and are at a higher risk for storm surges or flooding.

How much home insurance coverage should you have in Delaware?

Assess your personal needs before deciding how much homeowners insurance you need. Your lender will often give you an idea of how much homeowners coverage you need based on your mortgage amount. These are some other factors that affect how much coverage you need:

  • Home value: “Your policy should be high enough to rebuild your home after a severe, covered event,” explains financial expert Laura Adams. While your insurer will recommend coverage amounts, Adams encourages homeowners to educate themselves about local construction costs and factor them in when determining coverage amounts.

  • Location: Homeowners who live in areas prone to severe weather should consider opting for more coverage. For instance, fires lead to the most expensive claims on average.[14] Homeowners who live in an area at higher risk for wildfires should strongly consider additional coverage. Fortunately, Delaware experiences relatively few wildfires.[15]

  • Personal belongings: “Choose coverage that is high enough to replace most of your personal belongings in the event of a total loss,” says Adams. Creating a home inventory with estimated values can make this process easier. You can also purchase an umbrella insurance policy if you want an added layer of coverage, though it’ll cost more.

What are some of the biggest risks when owning a home in Delaware?

Delaware homeowners don’t face as many severe weather risks as homeowners in other parts of the country, such as the Gulf Coast. Here are a few risks Delaware homeowners should still keep in mind as they shop for a home insurance policy:

  • Wind damage: Delaware residents see their fair share of nor’easters, which are severe wind-driven storms that hit the Northeast region of the United States. Strong winds are a key characteristic of these storms, so Delaware homeowners should opt for home insurance policies that offer robust windstorm coverage.

  • Flooding: Delaware experiences roughly 45 inches of rainfall per year, which is above average on the national level. Delaware homeowners, particularly on the coast, should be prepared for the possibility of flooding and consider flood insurance.

  • Weight of ice, snow, or sleet: Delaware receives about 20 inches of snow each year on average. Fortunately, most standard home insurance policies include coverage for damage related to snow, ice, and sleet.

How can you save money on homeowners insurance in Delaware?

Delaware homeowners luckily don’t have to look far to find affordable home insurance rates. Still, a few simple strategies can help you save even more on homeowners insurance:

Bundle home and auto insurance

Most insurance companies offer discounts to customers who buy their homeowners insurance and car insurance at the same company. The size of the discount varies by company, and some companies offer additional bundling opportunities.

Increase your deductible

Your deductible is the amount you pay out of pocket to cover a claim before your insurance kicks in. Generally, raising your deductible will lower your monthly insurance premiums. Just remember that a higher deductible means you’ll take on more financial risk in the event of a claim.

Repair your home

A home with old pipes or a subpar foundation is at a greater risk of damage. Repairing these shortcomings puts insurance providers at ease and can qualify your home for more discounts.

Comparison shop

Home insurance rates vary from company to company. It’s a good idea to get quotes from at least three different companies before choosing a policy. Comparing these rates side by side is the best way to get the coverage you need at a price that fits your budget.

Find Delaware Home Insurance

Secure. Free. Easy-to-use.
Based on 3,806+ reviews
4.8/5
Shopper Approved
ProgressiveLiberty MutualTravelers

Average home replacement cost in Delaware

Replacement cost refers to the cost of repairing your home using the same type of building materials. Home insurance policies typically cover your home for 80% of its replacement cost.[16] Naturally, homes that cost more to rebuild will be more expensive to insure.

Here are the average replacement costs of homes in a few Delaware cities:

CityAverage Home Value
Dover$364,869
Newark$276,017
Wilmington$276,616
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.

Learn More: Replacement Cost vs. Market Value

Delaware home insurance FAQs

Here are answers to some commonly asked questions about homeowners insurance in Delaware.

  • How much is home insurance a month in Delaware?

    Homeowners in Delaware pay $131 per month for home insurance. Residents should also consider purchasing flood insurance due to the state’s regular nor’easters, which cost homeowners about $700 per year.

  • Is homeowners insurance expensive in Delaware?

    Delaware homeowners pay less than the national average for homeowners insurance. Delaware’s average of $131 per month is the sixth-lowest in the country and significantly lower than states like Florida ($368 per month) and Alabama ($347 per month). Delaware has fewer severe weather events than states on the Gulf Coast, which partly explains the lower rates.

  • What are the three main types of homeowners insurance?

    Homeowners insurance is a “package policy,” which includes dwelling coverage, personal property coverage, and personal liability coverage.

    Most home insurance policies cover your home at 80% of its replacement cost, which refers to the cost of repairing your home based on current construction costs. If you want to cover up to 100% of the replacement cost, you can opt for extended replacement cost coverage, though that will come with higher premiums.

  • Does Delaware require homeowners insurance?

    Homeowners insurance isn’t required by law in Delaware, but your mortgage company will require it to approve your mortgage. Homeowners insurance protects you financially if severe weather damages your home. The liability coverage included in your homeowners insurance also covers medical bills if a guest is injured on your property.

Sources

  1. National Association of Insurance Commissioners. "Market Share Reports for Property/Casualty Groups and Companies." Accessed March 21, 2023
  2. J.D. Power. "Bundle Fumble? Rising Auto Insurance Premiums are Killing Home Bundles, J.D. Power Finds." Accessed March 21, 2023
  3. A.M. Best. "AM Best Affirms Credit Ratings of Nationwide Mutual Insurance Company and Its Key Operating Subsidiaries." Accessed March 21, 2023
  4. Better Business Bureau. "Nationwide." Accessed March 21, 2023
  5. National Association of Insurance Commissioners. "Stillwater Prop & Cas Ins Co National Complaint Index Report." Accessed March 21, 2023
  6. A.M. Best. "Stillwater Insurance Company." Accessed March 21, 2023
  7. The Delaware Geological Survey. "Natural Hazards in Delaware." Accessed March 21, 2023
  8. Better Business Bureau. "Travelers Insurance." Accessed March 21, 2023
  9. Better Business Bureau. "Hippo Insurance Services." Accessed March 21, 2023
  10. A.M. Best. "A.M. Best Assigns Ratings to Midvale Indemnity Company." Accessed March 21, 2023
  11. Better Business Bureau. "Midvale Home and Auto." Accessed March 21, 2023
  12. National Association of Insurance Commissioners. "Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/ Cooperative Unit Owner’s Insurance Report: Data for 2020." Accessed March 21, 2023
  13. United Policyholders. "Cautionary Coverage Tales from the Trenches: Sewer/Drain backup." Accessed March 21, 2023
  14. Insurance Information Institute. "Facts + Statistics: Homeowners and renters insurance." Accessed March 21, 2023
  15. Insurance Information Institute. "Wildfires by State." Accessed March 21, 2023
  16. Delaware Department of Insurance. "THE INSTANT INSURANCE GUIDE:HOME." Accessed March 21, 2023
A.M. Steinbach
A.M. SteinbachInsurance Writer

A.M. is a Brooklyn-based writer, editor, and content marketing strategist who's worked with major brands in insurance, tech, finance, and healthcare. He also contributes to The Average Joe, a personal finance newsletter that reaches over 250,000 daily readers. Since 2019, he's written for Insurify, breaking down a diverse range of insurance topics into crisp, readable prose.

Chris Schafer
Edited byChris SchaferSenior Editor
Chris Schafer
Chris SchaferSenior Editor
  • 15+ years in content creation

  • 7+ years in business and financial services content

Chris is a seasoned writer/editor with past experience across myriad industries, including insurance, SAS, finance, Medicare, logistics, marketing/advertising, and many more.

Featured in

media logomedia logomedia logomedia logo
Andrew Huang
Data reviewed byAndrew HuangVice President, Performance Marketing
Headshot of Andrew Huang, Directory of Analytics at Insurify
Andrew HuangVice President, Performance Marketing
  • Chartered financial analyst

  • 12+ years in data analysis and marketing

Andrew applies his vast knowledge of analytics and insurance industry trends to help inform Insurify’s content and marketing efforts.

Featured in

media logomedia logomedia logo