Best Delaware Homeowners Insurance Agents & Brokers (2024)
Essential coverages and cost-saving tips for Delaware homeowners insurance. Discover the key factors that affect home insurance rates in Delaware and learn how to find cheaper options. Understand the basic coverages every homeowner should have and explore additional protections for high-risk areas. Compare quotes from top insurance companies and take advantage of discounts to lower your rates.
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Tonya Sisler
Insurance Content Team Lead
Tonya Sisler has been a technical insurance writer for over five years. She uses her extensive insurance and finance knowledge to write informative articles that answer readers' top questions. Her mission is to provide readers with timely, accurate information that allows them to determine their insurance needs and choose the best coverage. Tonya currently leads a team of 10 insurance copywrite...
Insurance Content Team Lead
UPDATED: Dec 28, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
UPDATED: Dec 28, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
Are you looking for Delaware homeowners insurance? In this comprehensive article, we will explore the key topics related to Delaware homeowners insurance, including essential coverages, cost-saving tips, and factors that affect insurance rates. Whether you’re a new homeowner or looking to switch providers, understanding the basics of homeowners insurance in Delaware is crucial.
- The average cost of a Delaware home insurance policy is $75 a month
- Delaware residents in high-risk areas should add flood and earthquake insurance
- Delaware residents can lower home insurance rates by getting quotes and taking advantage of discounts
To ensure you get the best coverage at the most affordable price, we invite you to enter your ZIP code and compare rates from the top insurance providers in your area. Take control of your insurance decisions and protect your home with confidence.
Average Home Insurance Rates in Delaware
The latest study from the National Association of Insurance Commissioner (NAIC) listed the average cost of Delaware home insurance as $908 a year. This average rate is lower than the national average of $1,272 a year.
Since the average premium for Delaware residents is so low, Delaware ranks 43rd in the U.S. for price. On average, Delaware residents will pay only $75 a month for home insurance, a fairly low average rate compared to other states.
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Basic Delaware Home Insurance Coverages
Most home insurance policies are similar in what coverages they provide on a basic home insurance policy. Often, you will see the following terms on your home insurance policy.
- Dwelling. Dwelling simply means your home. Home insurance will cover damages to your main home, whether electrical or siding damages.
- Structures. This term refers to structures not attached to your dwelling, such as fences or detached garages. Home insurance will cover damages to these structures under a covered claim.
- Personal property. This term refers to any property inside your home, from electronics to furniture. Ensure your policy limit is enough to cover the cost of your valuables if they get stolen or damaged by a covered event.
- Loss of use. Under loss of use, home insurance pays the costs if you must live elsewhere due to damages. It may also pay partial costs if a part of your house is unlivable.
- Medical liability. This coverage will protect you if someone gets injured on your property. Home insurance may pay part or all of that person’s medical bills.
All home insurance policies should have these basic coverages, no matter where you purchase them in Delaware. Read on to see what additional home insurance coverages you should consider for your home.
Additional Delaware Home Insurance Coverages
While basic coverage is essential for any home, sometimes you should consider additional coverage if a home is at high risk of getting destroyed or damaged. For instance, if you live near the sea in Delaware or an area prone to heavy rains, you should add flood insurance.
Some additional coverages you can add to home insurance policies are:
- Flood insurance. If you live near the coastline in Delaware, your home could be at risk from coastal flooding. Unfortunately, a normal policy usually doesn’t cover flooding unless you add flood insurance.
- Earthquake insurance. Earthquakes aren’t common in Delaware, but they do happen. If you live in an area of Delaware that recently experienced an earthquake or is at risk of an earthquake in the future, you should get earthquake insurance.
- Umbrella insurance. Umbrella insurance will cover any extra costs that your regular insurance doesn’t cover. It is useful if you have a low policy limit and want more coverage.
Other natural disasters in Delaware include wildfires, hail, hurricanes, and tornadoes. Unlike earthquakes and flooding, your basic insurance policy should cover these events.
However, it is always smart to double-check your policy’s fine print to ensure it covers these damages.
What affects home insurance rates in Delaware?
Even though additional coverage is a good choice, you may be worried about your home insurance premiums increasing substantially. Some things affecting the cost of homeowners insurance in Delaware are:
- Crime in your area. If you have high crime rates in your area, people are more likely to break into your home.
- Your credit score. Some insurers charge more for low credit scores. Part of insurance companies’ reasoning behind this is that those with low credit scores will be more likely to miss insurance payments.
- Natural disasters. If you live in a county in Delaware prone to flooding or other natural disasters, your rates will be higher. If you’re moving to a new area, check the history of disasters in the area to get an idea of what coverages you’ll need.
- Your home’s age. Older homes may be more prone to repair issues, such as damaged siding or old plumbing. So you could incur higher rates if your old home isn’t in good condition.
These are the most common factors that affect insurance rates. The good news is that you can do a few things to reduce your rates.
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How to Find Cheaper Delaware Home Insurance
While several factors are outside of your control — such as crime and disasters — there are some things you can do to lower your home insurance rates.
The best thing you can do to find cheap homeowners insurance in Delaware is shop around for free insurance quotes and compare rates. If you still can’t find a good rate, there are a few other things you can do.
Some require time or spending some money, but they tend to pay off in the long run. For example, while you’ll have to pay to install a home security system, it can be useful to reduce your bill and keep your home safe over time. Below is a list of steps you can take to reduce your home insurance bill.
- Add home security. Adding cameras or an alarm system can often discount your home insurance policy, as security discourages burglars.
- Increase your credit score. Though it takes time, improving your credit score will help you get cheaper rates if insurance companies in your area use this as a factor.
- Maintain your home. Ensuring your home has the necessary repairs and is in good shape will help prevent companies from charging you higher rates for higher-risk, older homes that are poorly maintained.
- Non-smoker discount. Some insurers will offer a discount if you don’t smoke, since cigarettes are a common cause of fires.
See what home insurance discounts your insurance company offers, as these can go a long way to reducing costs, even if it’s saving a few dollars here and there for discounts like going paperless or bundling policies.
The Bottom Line
Shopping for Delaware home insurance doesn’t need to be stressful. Check your home insurance policy to ensure it covers common incidents in your area. If your area is prone to heavy storms or natural disasters, you should consider additional coverage.
If you are concerned about costs, you can reduce your home insurance rates by taking advantage of discounts and comparing quotes at different Delaware insurance providers in your area.
Frequently Asked Questions
What is Delaware homeowners insurance?
Delaware homeowners insurance is a type of insurance policy that provides financial protection for your home and personal belongings in the event of damage, theft, or other covered losses. It typically covers the physical structure of your home, as well as personal property, liability protection, and additional living expenses.
Is homeowners insurance required in Delaware?
Homeowners insurance is not required by law in Delaware, but it is often required by mortgage lenders as a condition of obtaining a home loan. Even if it is not required, it is still a good idea to have homeowners insurance to protect your investment.
What does Delaware homeowners insurance typically cover?
Delaware homeowners insurance typically covers damage to the physical structure of your home and any attached structures, such as a garage or deck. It also covers personal property, liability protection, and additional living expenses. Specific coverage can vary depending on the policy and the insurance provider.
What is not covered by Delaware homeowners insurance?
Delaware homeowners insurance typically does not cover damage caused by floods, earthquakes, or certain other types of natural disasters. It may also exclude coverage for certain types of personal property, such as high-value items like jewelry or fine art.
How much homeowners insurance do I need in Delaware?
The amount of homeowners insurance you need in Delaware depends on a variety of factors, including the value of your home and personal belongings, your level of risk, and any requirements from your mortgage lender. It is generally recommended to have enough coverage to fully replace your home and belongings in the event of a total loss.
How can I save money on Delaware homeowners insurance?
There are several ways to save money on Delaware homeowners insurance, such as increasing your deductible, bundling your insurance policies, installing safety features in your home, and shopping around for the best rates. It’s important to balance cost savings with adequate coverage to ensure you’re fully protected.
How do I file a claim for Delaware homeowners insurance?
To file a claim for Delaware homeowners insurance, contact your insurance provider as soon as possible after a loss or damage occurs. They will guide you through the claims process, which typically involves providing documentation and working with an adjuster to determine the extent of the damage and the appropriate payout.
Compare The Best Insurance Quotes In The Country
Compare quotes from the top insurance companies and save!
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Tonya Sisler
Insurance Content Team Lead
Tonya Sisler has been a technical insurance writer for over five years. She uses her extensive insurance and finance knowledge to write informative articles that answer readers' top questions. Her mission is to provide readers with timely, accurate information that allows them to determine their insurance needs and choose the best coverage. Tonya currently leads a team of 10 insurance copywrite...
Insurance Content Team Lead
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.