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Delaware Homeowners Insurance Quotes
Delaware is a land of wonder. We have pristine beaches combined with beautiful, friendly and fun coastal towns. When the day at the beach is done, head out shopping at a Delaware beach boutique, art gallery or enjoy a five star meal at one of our many cutting-edge restaurants. Remember, in the "First State" there is no sales tax so the price you see is the price you pay, it's the best way to shop.
While beaches are a big part of Delaware life, we have much more to offer. Chateau Country is dotted with regal mansions and lush gardens while our numerous wildlife refuges teem with birds and natural beauty.
Delaware is a great place to visit and an even better place to live.
Delaware Homeowner Facts
Delaware is one of the smallest states in the Union, ranking 45th with a population of 945,934. While Delaware is also one of the smallest states as far as square mileage, it is the second smallest in the country, it is densely populated, coming in sixth in population density. There are only three counties in the great state of Delaware, New Castle, Kent and Sussex with New Castle being the most industrialized while the other two are more agricultural.
There are currently 3,977 households per zip code with an average of two people per house. Even though Delaware is small, it packs a big punch with median household income, it ranks 11th with a median income of $57,954. Zillow puts the median home value in Delaware at $205,300, which is a slight raise of 0.3% from last year. Zillow predicts that home values will jump up 1.4% in the next year, which makes it a great time to buy.
House costs can vary greatly depending on which part of Delaware you choose to live. A home in Hockessin will set you back an average of $367,800 while Wilmington is much more affordable at a median price of $115,600.
Homeowners Insurance in Delaware
The good news is that homeowners insurance in Delaware is very affordable according to recent studies, coming in at an average of $678 a year while the U.S. average is $1,034. To save up to 40% on your premium, contact us today to help you compare and save.
There are ways to drive that cost even lower. Bundling your car insurance with your homeowners coverage can result in a discount of up to 20 percent and shopping your coverage on a regular basis is a great way to make sure you are getting the best deal on all of your insurance needs.
If you live in one of our beautiful coastal communities, such as Lewes, Bethany Beach or Fenwick Island, adding storm shutters and a sprinkler system can result in a big discount on your homeowners premium.
Our site makes it easy to compare numerous insurers quickly (up to 12). Simply fill out our quick and easy online quoting application and we will begin comparing rates for the most competitive prices in Delaware.
Factors to Consider in Delaware
Crime rates will always have an impact on a homeowners premium and unfortunately, Delaware does have an issue with crime, especially Wilmington. The city of Wilmington has a population of 71,000 and a violent-crime rate of 1,625 per 100,000 people according to the FBI, which is significantly higher than the national average of 368 per 100,000.
It's not just crime that can cause problems in Delaware, natural disasters such as hurricanes can be an issue, especially in the coastal towns. Depending on where your home is located, flood insurance may be necessary in addition to homeowners coverage. Our shopping process can help you bind additional coverages like flood insurance so you get the coverage you need fast.
Damage caused by flooding is not covered by a standard homeowners policy and if you live in a flood zone your lender will require a separate flood policy. Before purchasing a home be sure to get an insurance quote so there are no surprises when it comes time to close on your new house.
Regardless of whether you are moving to Dover, Wilmington, New Castle or any of our other beautiful cities, you are going to need homeowners coverage, and possibly flood insurance. We can help you find the perfect insurance policy for your home. We search dozens of national insurers such as Nationwide, Progressive, Titan Insurance, Safeco Insurance, Liberty Mutual Insurance, The Hartford and many more.
Average Homeowners Insurance Premiums in Delaware
With over 95% of all Americans are known to have homeowners insurance coverage, it's important to know what Delaware homeowners are paying on average. Did you know that the average homeowners insurance premium in Delaware is $907? Delaware is now ranked 44 in the country. The country wide average for homeowners in the United States is $1,311. This means the average home insurance premium in Delaware is 30.82% less than the national average.
| Year | Average Annual Premium | Average Monthly Premium | State Rank (Overall) |
|---|---|---|---|
| 2020 | $907 (-0.1%) | $ 76 | 44 |
| 2019 | $908 (4%) | $ 76 | 43 |
| 2018 | $873 (4.69%) | $ 73 | 45 |
| 2017 | $833 (2.06%) | $ 69 | 45 |
| 2016 | $816 (4.51%) | $ 68 | 45 |
When we combine the state averages over the last decade, the Delaware overall average is estimated to be around $784.00. Our homeowners insurance quoting and rating process helps you compare homeowners insurance quotes, coverages and premiums. Delaware current state rank compare to the rest of the country is #44. Consider shopping your Delaware home insurance with us so we can help you save up to 40% or more on your policy.
Find Local DE Homeowners Insurance Quotes & Coverage
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Delaware Homeowners Insurance News & Information
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What happens to my mortgage if my homeowners policy gets cancelled? Posted on Thursday 18th July, 2024
As more and more insurance companies stop writing policies in certain markets or cancel existing policyholders they find too big of a risk, homeowners are finding their policies cancelled or non renewed. While a cancelled policy is a shock, it doesn’t mean you need to panic. Following is a brief overview of what to do […]
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Why Are Homeowners Insurance Premiums Rising in 2024? Posted on Tuesday 9th July, 2024
As insurance rates rise at unprecedented rates, homeowners are cutting back on groceries, travel, dining out, and even medication to afford the cost of their insurance premiums. In even more shocking news, 1 in 10 homeowners are even consider moving to an area with lower premiums, according to a recent survey by Claimguide. According to […]
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Coastal Homeowners Insurance in Florida Posted on Monday 8th July, 2024
Florida has it all, constant sunshine, beaches,plenty of restaurants and entertainment. It also has some of the highest homeowner insurance premiums in the country. According to Value Penguin, the Sunshine State has the 14th most expensive homeowner insurance rates in the country with the average premium coming in at $1,727. While insurance premiums are high all […]
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Coastal Texas Home Insurance Rates Posted on Sunday 7th July, 2024
While windstorm insurance is not required in Texas, it is often a necessity if you live near the coast. In certain areas there is a good chance that your mortgage lender will require that you carry a windstorm policy. A windstorm policy will cover damage that is done by wind or hail. These are the […]
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North Carolina Joint Underwriters and Wind Pool Map Explained Posted on Wednesday 5th June, 2024
North Carolina is a lovely state to call home. Our state is packed with beautiful cities, museums, restaurants and of course, some of the loveliest beaches in the country. Unfortunately, if you live in one of our amazing coastal southern cities such as Ocean Isle Beach, Sunset Beach, Oak Island Beach, Calabash, Bald Head Island, […]
Delaware Housing & Real Estate Data
| Details: | Staticstics |
|---|---|
| Total Housing Units | 405885 |
| Occupied Housing Units | 342297 |
| Vacant Housing Units | 63588 |
| Vacant Housing Units for Rent | 11399 |
| Vacant Housing Units Rented Not Occupied | 676 |
| Vacant Housing Units For Sale | 5985 |
| Vacant Housing Units Sold Not Occupied | 1011 |
| Vacant Housing Units For Seasonal Occasional Use | 35939 |
| Vacant Housing Units All Other Vacants | 8578 |
| Housing Units Homeowner Vacancy Rate Percent | 2.4 |
| Housing Units Rental Vacancy Rate Percent | 10.6 |
| Housing Tenure Occupied Units | 342297 |
| Housing Tenure Occupied Units Owner Occupied | 246724 |
| Housing Tenure Occupied Units Owner Occupied Population | 636531 |
| Housing Tenure Occupied Units Owner Occupied Averge Household Size | 2.58 |
| Housing Tenure Occupied Units Renter Occupied | 95573 |
| Housing Tenure Occupied Units Renter Occupied Population | 236990 |
| Housing Tenure Occupied Units Renter Occupied Average Household Size | 2.48 |
Understanding Delaware Homeowners Insurance
When shopping for Delaware homeowners insurance quotes you should be aware of the various types of insurance policies that are available in your area:
- HO-3: This is the most common type of homeowers policy. This policy type protects your home against all perils, except ones that are specifically excluded. In most cases earthquake and flood damage are excluded.
- H0-6: This policy type is specifically written for condos or co-ops. If you own a condo or live in a co-op building this type of policy is a necessity. A HO-6 policy covers both your personal belongings and the structural parts of the building that you own. There are 16 disasters listed on a typical policy that HO-6 protects against.
- HO-4: If you are looking for Delaware renters insurance, a HO-4 policy is a great option. Renters insurance will cover your contents as well as offer liability coverage in the event a person is injured in your apartment.
While other types of policies exist, these are the most common ones. A HO-2 is a more basic policy that offers reduced coverage levels and a HO-5 is a high-end policy that offers increased protection.
If you are shopping for a new home in Delaware, homeowners insurance is a must do. We can help you find the perfect policy for your new home, regardless of whether you need a standard HO-3 policy, HO-6 or renters insurance, our site makes shopping for homeowners insurance quotes easy. Visit our online quoting application today and let us help you shop and compare up to 12 different Delaware rates and coverage options.