The 3 Best Delaware Homeowners Insurance Companies

Delaware’s location along the Eastern Seaboard increases the likelihood of damage from hurricanes and flooding. Despite these risks, Delaware residents pay among the lowest homeowners insurance rates in the country. In its most recent study, Insurance.com pegged the average annual premium for Delaware homeowners insurance at just $748, which is $480 less than the national average of $1,228.

While residents of the First State don’t have to look too hard to find affordable homeowners insurance, it’s still important to find a policy that provides the right amount of coverage to safeguard against tumultuous Northeastern weather.

To aid in your search, we’ve outlined our top picks for Delaware homeowners insurance.

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    In this article

      Our Top Picks for Best Homeowners Insurance in Delaware

      Best for customizable coverage – State Farm

      State Farm writes standard policies for nearly every type of dwelling, including condos, single-family homes and mobile homes.

      J.D. Power Rating
      3/5
      AM Best Rating
      A++
      Standard & Poor’s
      AA
      SimpleScore
      4 / 5.0
      close
      SimpleScore State Farm 4
      Discounts 2
      Coverage Options 5
      Customer Satisfaction 3
      Support 5
      Accessibility 5

      State Farm is the largest and most popular provider of homeowners insurance in Delaware. Delaware residents choose to insure with State Farm because of the wide variety of affordable and customizable coverage options available. Add-on options include personal liability and injury protection, additional protection for valuables, and specialty insurance for home businesses and studios.

      Should you need to file a claim, State Farm has a reputation for providing great service and it has one of the largest claims networks in the world. Taking advantage of tools like State Farm’s HomeIndex, which helps you build up an online inventory of all your covered belongings and their worth, can ease the claims process. State Farm’s Premier Service Program connects you with reputable contractors in your area to carry out emergency repairs and restore your home sooner.

      It’s important to note that while State Farm offers affordable Delaware homeowners insurance coverage, the company does not provide certain popular discounts that other competitors extend. Owners of new or recently renovated homes, namely, do not receive price breaks off their policy. If your home qualifies for either of these discount groups, factor this into your research before settling on a provider. They do, however, offer discounts for multiple policies, burglar alarms, smoke detection systems and having impact-resistant roofing materials.

      Best for discounts – Liberty Mutual

      If your home is unlivable following a covered loss, Liberty Mutual extends its 24-hour, 365-days-a-year emergency repair services.

      J.D. Power Rating
      3/5
      AM Best Rating
      A
      Standard & Poor’s
      N/A
      SimpleScore
      4.4 / 5.0
      close
      SimpleScore Liberty Mutual 4.4
      Discounts 5
      Coverage Options 4
      Customer Satisfaction 3
      Support 5
      Accessibility 5

      Liberty Mutual offers more discount options than many other national providers. Customers can receive premium reductions for owning newer or recently renovated homes, installing safety devices, obtaining a Liberty Mutual insurance quote before an existing homeowners insurance policy expires, belonging to one of Liberty Mutual’s 14,000 affiliate business and associations, and more. For a complete list of discount opportunities, visit Liberty Mutual’s website. There, you can also find policy and claims management resources, as well as articles and tips for saving money and getting the most out of your home insurance policy.

      If you experience a loss, you can easily file a claim using Liberty Mutual’s 24/7 claims hotline, in person with a representative, online, or via the mobile app. You can also use the Liberty Mutual app to photograph damage, upload receipts and track your claim.

      If you are concerned about inflation, there is an optional rider available on your policy to protect your coverage against unexpected hikes in price. This will make a difference if you are trying to rebuild a damaged home and the cost was more than originally estimated.

      Best for affordable coverage – Nationwide

      Nationwide offers Delaware residents a wide range of affordable coverage options and quality claims management services. A standard Nationwide policy protects your dwelling, any other structures on your property, and your personal belongings.

      J.D. Power Rating
      3/5
      AM Best Rating
      A+
      Standard & Poor’s
      AA+
      SimpleScore
      4.2 / 5.0
      close
      SimpleScore Nationwide 4.2
      Discounts 3
      Coverage Options 5
      Customer Satisfaction 3
      Support 5
      Accessibility 5

      Nationwide offers comprehensive add-on coverage options, such as Brand New Belongings coverage, which pays to replace your items with new items at no additional cost after a covered loss. Items listed under the belongings program will be replaced with new items regardless of the condition or age of the item when you sign up.

      Nationwide provides a free On Your Side review with an agent for every customer. This consultation helps you better manage your deductible, learn what to do in the event of a loss, and make sure you’re receiving the right package of coverage for your home and budget.

      To help you save on your homeowners insurance policy, Nationwide offers numerous discount opportunities: Take 30 percent off for insuring a new or recently renovated home, 20 percent for bundling policies, 15 percent for installing security devices, 15 percent for being over 60, and 5 percent for being married.

      How much is homeowners insurance in Delaware?

      Homeowners insurance in Delaware costs $748, which is 39 percent lower than the national average. This cost will be adjusted based on where you live, whether in the city or a rural area, and the cost of living there. Local crime rates, weather patterns and the cost of your home will also affect this rate. Catastrophe risk in the area, discussed in the next section, will also play a role in the overall price.

      Finally, your individual policy price will be based on the size of your home and the cost relative to the average home price in the area. The level of policy you choose and the deductible you select will also affect price.

      Find the Best Home Insurance in Delaware

      Save money on home insurance with our simple comparison tool.

      Matching you with providers.
      We found results in
      Click at least 2-3 companies to find the very best rate.

        America’s top-rated home insurance

        • Policies starting at just $25/month
        • Sign up in seconds, claims paid in minutes
        • Zero hassle, zero paperwork

        Delaware Rate Factors

        Delaware is not known for extreme weather patterns, but there are some catastrophe risks because it is close to sea level and coastal, so hurricane and floods are a risk for much of the state.

        The 3 Best Delaware Homeowners Insurance Companies

        Methodology

        SimpleScore

        The SimpleScore is a proprietary scoring metric we use to objectively compare products and services at The Simple Dollar.

        For every review, our editorial team:

        • Identifies five measurable aspects to compare across each brand
        • Determines the rating criteria for each aspect score
        • Averages the five aspect scores to produce a single SimpleScore

        Here’s a breakdown of the five aspect scores and their rating criteria for our review of the best credit monitoring services of 2020.

        Why do some brands have different SimpleScores on different pages?

        To ensure the SimpleScore is as helpful and accurate as possible, we developed unique criteria for every category we compare at The Simple Dollar. Since most brands offer a variety of financial solutions, their products and services will score differently depending on what we’re scoring on a given page.

        However, it’s also possible for brands to have different SimpleScores across multiple pages on The Simple Dollar. For instance, if we compare Experian’s ID theft monitoring services using SimpleScore, it scores a 4 out of 5. However, if we apply our SimpleScore methodology for credit monitoring services, Experian scores a 4.4 out of 5. Each unique criteria results in separate SimpleScores for multiple brands based on what we’re comparing.

        Questions about our methodology?

        Email Hayley Armstrong at hayley@thesimpledollar.com.

        Basic plan price

        We award brands who have lower monthly costs for credit monitoring services with higher scores in our methodology.

        Premium plan price

        We award brands who have lower monthly costs for credit monitoring services with higher scores in our methodology.

        Perks

        Who doesn’t like a nice perk? We awarded brands with higher scores if they offered perks to customers, such as free trials, family plans, discounts for annual billing and more than two pricing tiers.

        Customer support

        The SimpleScore system rewards brands that have multiple channels of support so customers can contact representatives in a variety of way.

        Mobile app rating

        We compared brands based on their mobile app ratings as an average of Google Play and iOS App Store ratings.