The Best Cheap Renters Insurance in Delaware
State Farm has the cheapest renters insurance in Delaware, at an average rate of $10 per month.
Compare Renters Insurance Quotes in Delaware
Best Cheap Delaware Renters Insurance
Finding the best renters insurance means choosing a company that balances cheap prices with helpful coverage and dependable customer service. To help you find the best cheap renters insurance, ValuePenguin collected quotes from 17 of the largest cities and towns across Delaware.
Cheapest renters insurance companies in Delaware
State Farm offers the cheapest renters insurance in Delaware.
A policy from State Farm costs just $10 per month, which is nearly half the Delaware average.
Cheapest insurance companies
Compare Cheap Renters Insurance in Delaware
The average cost of renters insurance in Delaware is $19 per month, or $218 per year. That's $4 per month cheaper than the national average of $23 per month.
Cheapest renters insurance quotes in DE
Company | Monthly cost | ||
|---|---|---|---|
| State Farm | 4.5 out of 5 | $10 | |
| Amica | 4.0 out of 5 | $15 | |
| Allstate | 2.5 out of 5 | $18 | |
| Assurant | 3.0 out of 5 | $24 | |
| Progressive | 2.5 out of 5 | $25 | |
Best renters insurance in Delaware for most people: State Farm
-
Cost$10/moThis analysis used renters insurance quotes for 17 of the largest cities and towns across Delaware. See the full methodology.
Best customer service for renters in Delaware: Amica
-
Cost$15/moThis analysis used renters insurance quotes for 17 of the largest cities and towns across Delaware. See the full methodology.
Best renters insurance in DE for military families: USAA
Delaware renters insurance rates by city
Smyrna, a town in the Dover metro area, has the most expensive renters insurance rates in the state.
The average cost of renters insurance in Smyrna is $25 per month, which is $6 per month higher than the state average. This could be because Smyrna has more property crime than average in Delaware.
Hockessin, located near the Pennsylvania border, has the cheapest renters insurance in Delaware. A policy in Hockessin costs around $17 per month.
Average cost of Delaware renters insurance by city
City | Monthly rate | % from average |
|---|---|---|
| Bear | $18 | -4% |
| Claymont | $21 | 13% |
| Clayton | $19 | 0% |
| Dover | $18 | -2% |
| Elsmere | $19 | 3% |
How to find the cheapest renters insurance in Delaware
When shopping for the cheapest renters insurance, you should compare quotes from multiple companies and ask about discounts.
Compare quotes from multiple companies. In Delaware, there's a difference of $15 per month between the most and least expensive renters insurance companies. That could add up to a savings of $180 per year.
The price of renters insurance depends on multiple factors, including where you live and the amount of coverage you get. Your quote also depends on personal info — like your age and credit score — which means your quotes will likely differ from those of family members, friends and neighbors.
Ask about renters insurance discounts. You'll typically get the largest discount on your renters insurance by bundling it with an auto insurance policy. Most companies also offer a discount for having a fire or burglary alarm or security system.
Other renters insurance discounts vary by company. You may be able to save if you:
- Pay your annual bill up front
- Sign up for automatic payments
- Buy your policy online
- Get policy documents and bills via email
- Live in a gated community
- Are over 55 or retired
What renters insurance coverage do I need in Delaware?
Delaware's location on the Atlantic Ocean means renters are at a higher risk of damage from high winds and flooding caused by coastal storms.
Does Delaware renters insurance cover wind damage?
Renters insurance typically covers wind damage, including wind from heavy thunderstorms, hurricanes or tornadoes.
Heavy winds can damage your stuff in a number of ways. Wind can cause a tree to fall on your home, or blow shingles off your roof, which can result in roof leaks. Either way, your insurance policy should pay for the damage.
Does renters insurance in Delaware cover flood damage?
Renters insurance doesn't cover damage caused by weather-related flooding.
So if heavy rains cause a nearby river to rise or a tropical storm pushes ocean water into your home, your renters insurance won't pay to replace damaged items. Renters living in coastal towns, near a body of water, in low-lying areas or on the first floor of an apartment building should buy a separate flood insurance policy to fully protect their stuff.
However, renters insurance does cover other types of flooding. For example, if your pipes freeze and burst, damaging your stuff, your renters insurance company should pay to replace your things.
Delaware renters insurance trends
Renters insurance prices have gone up 12.7% in Delaware over the last six years.
Renters insurance prices, on average, decreased by 0.7% in 2020, but then saw a slight uptick of 8.2% across 2023 and 2024.
Among the major DE insurers, the biggest increases have been at USAA (32.2%), Liberty Mutual (26.3%) and Chubb (14.5%).
Renters insurance rate change data was compiled using RateWatch from S&P Global, which uses information from the National Association of Insurance Commissioners (NAIC).
Frequently asked questions
Can a landlord require renters insurance in Delaware?
Yes, your landlord or property management company can require you to buy renters insurance as a part of your lease agreement.
How much does renters insurance cost in Delaware?
The average cost of renters insurance in Delaware is $19 per month. That's fairly average compared to other states. Coverage in Delaware costs $4 per year less than the national average.
How much is renters insurance in Wilmington, DE?
Renters in Delaware's largest city, Wilmington, pay $20 per month for insurance, on average. In comparison, people living in Dover, which is the second-largest city, pay $18 per month.
Methodology
To find the best renters insurance in Delaware, ValuePenguin compared the rates, policy features and customer service of State Farm, Amica, Allstate, Assurant and Progressive. Our editors gathered quotes from the 17 largest cities and towns across Delaware.
Rates are for a 30-year-old unmarried woman living alone with no prior renters insurance claims. Quotes including the following coverage limits:
- Personal property: $30,000
- Personal liability: $100,000
- Medical payments: $1,000
- Loss of use: $9,000
- Deductible: $500
Renters insurance star ratings are based on a weighted combination of the J.D. Power customer satisfaction survey, ValuePenguin's own editors' rankings and the National Association of Insurance Commissioners (NAIC) complaint index.
About the Author
Senior Writer
Lindsay Bishop is a Senior Writer at ValuePenguin, where she educates readers about home, auto, renters, flood and motorcycle insurance.
Lindsay began her career in the insurance and financial industry in 2010. She was a licensed auto, home, life and health insurance agent and held Series 6 and 63 financial licenses.
After a hiatus from the financial sector, Lindsay returned to the industry as a content writer for ValuePenguin in 2021. She enjoys having the opportunity to help readers make smart decisions about their insurance so they can be prepared for anything life throws their way.
When Lindsay isn't writing about insurance, you can find her spending time with family, enjoying the outdoors on Sunday long runs or riding her Peloton.
How insurance helped Lindsay
As a homeowner for 15 years located in South Carolina, Lindsay has plenty of experience navigating the coastal insurance market and managing the claims process. That includes successfully negotiating a full roof replacement claim.
Expertise
- Home insurance
- Car insurance
- Flood insurance
- Renters insurance
- Motorcycle insurance
Referenced by
- CNBC
- Yahoo Finance
- Miami Herald
Education
- BS/BA Economics, University of Nevada Las Vegas
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.
