Who Has the Cheapest Homeowners Insurance Quotes in Delaware?

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This article has been reviewed and deemed factual by our content auditor with 8 years of banking experience.

Article Approved By Banking Expert

This article has been reviewed and deemed factual by our content auditor with 8 years of banking experience.

Despite its small size, thousands of families happily have planted roots in Delaware that they hope will continue to grow for generations. At the center of all of this is the home, which is why we think it’s vital for families to purchase homeowners insurance to give themselves a safety net and an opportunity to rebuild in the event of difficult weather, unfortunately, random events, or other problems. It is not expensive at all to get in Delaware, and further still, we’ve found the cheapest companies to get a policy from.

Here are the five cheapest homeowners insurance providers operating in Delaware:

The Five Cheapest Quotes:

Every homeowner is subject to different risks and events depending on their location and lifestyle, and insurance companies take note of that. This means that while you can use these notes as a guide, your experience may be slightly different.

The number listed next to each provider is the average annual rate for a standard policy.

1) Nationwide: $413

Nationwide is one of the cheapest yet most customer-friendly options in the state of Delaware, and they have a great reputation they have not yet squandered. You can expect plenty of customization and policy tuning options to allow you to get the exact policy you want. They are also an extremely reliable and fiscally stable organization, and we can determine that Nationwide will be many homeowners’ first choice.

And while they are the cheapest at a base level on this list, we would like to mention that many of their optional coverages, great as they are, can also be more expensive than what you would expect or hope them to be. You should also note that sometimes people might wait to get service, so people expecting a more immediate resolution to their problem will want to work with another company.

You can expect the following working with Nationwide:

  • A free and optional annual review to help you get the best policy.
  • Optional coverages including flood, earthquake, water backup, identity theft, and enhanced valuables and home placement coverage.
  • The benefits of working with an extremely financially reliable company.

2) Allstate: $452 

The second cheapest option, and for many of you the cheapest, Allstate is great if you’re looking for a basic option, are looking to bundle with the car insurance you already have from them, or if you have an older home. Outside of their good coverage for most problems, we would like to make special note of them for their great online experience and available tools, making them one of the more convenient companies to work with.

This convenience, however, doesn’t extend to their customer service, consider the number of complaints against them. Agents can be pushy with upgrades, and the response times can be poor in certain situations or at certain times.

You can expect the following working with Allstate:

  • Optional coverages such as water backup, garden and landscaping, identity theft restoration, business property, scheduled personal property, and others.
  • A company that is reliable and trustworthy in its practices.
  • Plenty of discount opportunities, with or without bundling.

3) Amica: $544

A company who in the insurance industry has a reputation for providing great customer service, Amica has the highest customer satisfaction rate of any insurance company operating in the country. In this industry, that’s a gem and often worth a somewhat higher premium in itself. Yet they are also able to accommodate the policy needs of homes large and small alike, and offer plenty of optional coverages.

The only downsides to working with Amica is that other companies listed here may have more customization options for customers, and the online experience is outshined by companies such as State Farm and Allstate.

You can expect the following working with Amica:

  • Two coverage levels, standard and platinum, that you will want to read more about.
  • A good range of discount options, including a noticeable bundling discount.
  • An easy and quick claims process.

4) Liberty Mutual: $667

An option that can be great for people who are looking for many different ways to save on their annual rate and people who improve their home often, Liberty Mutual offers a competitive coverage plan and more discount options than can easily be counted, making them potentially one of the cheapest options here. They are accessible, helpful, and have plenty of other insurance products available if you’re looking to bundle.

However, quite a few customers have reported issues successfully making a legitimate claim, citing difficulties in both speed and getting their money. If you don’t want to take that risk whatsoever, there are better options on this list for you. They are also not as stable as other companies here, but that shouldn’t be a major concern.

You can expect the following working with Liberty Mutual:

  • An inflation protection endorsement so you get what you really need when making a claim.
  • The ability to easily get emergency repairs made.
  • Partnerships with organizations across the country, allowing you to potentially get a discount if you belong to one.

5) State Farm: $762

The priciest on average option on this list, State Farm is an incredibly popular and widespread insurance provider across Delaware and the entire country, and they will be able to provide you with a stable and reliable policy that will see you through most of the threats that could damage your home. If you’re looking for something simple, consider using their excellent online quoting tools and seeing what you can get.

Unfortunately, for all their other benefits, there aren’t too many options to make your annual rate any cheaper. You also can’t expect too many customization options for your policy.

You can expect the following working with State Farm:

  • Plenty of online resources to help you better understand the insurance process, your plan, and more.
  • The advantages of working with a very experienced provider.
  • Some basic discounts for things such as preventative measures and bundling policies.

Conclusion

There is no perfect choice for every home we can recommend in Delaware. We can only present the information above and hope that you can use it alongside other research to make an informed decision you and your family will be satisfied within the long run. We recommend taking time to write out your priorities, determine your budget, and get a few quotes (you never have to commit when getting a quote, and don’t let any agent tell you otherwise). The choice can be hard, but we’re confident you’re just a few steps away from a more secure home.