The Best Cheap Renters Insurance in Delaware (2024)
State Farm has the cheapest renters insurance in Delaware, at an average rate of $10 per month.
Compare Cheap Renters Insurance 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.
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 | $10 | |
| Amica | $15 | |
| Allstate | $18 | |
| Assurant | $24 | |
| Progressive | $25 | |
Best renters insurance in Delaware for most people: State Farm
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Editor's rating
- Cost: $10/mo
State Farm has the cheapest renters insurance rates in Delaware.
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Cheapest quotes in DE
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Great for bundling with auto insurance
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Lots of extra coverage options
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Average customer service
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Some people need to call an agent to buy a policy
State Farm has the best renters insurance in Delaware for most people. The company's renters insurance policies in Delaware only cost an average of $10 per month, or $123 per year. That's $9 per month cheaper than the statewide average.
State Farm is also an excellent choice for bundling renters and auto insurance coverage.
State Farm offers a discount of around 5% when you buy both renters and car insurance. It also has some of the cheapest car insurance quotes in Delaware.
However, State Farm's customer service is just average. It earned a good score on J.D. Power's customer satisfaction survey and gets an average number of complaints. But you may have an easier time working with other companies, like Amica.
Best customer service for renters in Delaware: Amica
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Editor's rating
- Cost: $15/mo
Amica offers top-rated customer service at an affordable rate.
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Highly rated customer service
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Affordable rates
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Lots of discounts
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Few coverage add-ons
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No local agents
Renters looking for the security that comes with great customer service should consider Amica. The company gets one-third as many complaints as expected for a company its size. Amica also earned the top score on J.D. Power's claims satisfaction survey.
Excellent customer service can make your life easier in the stressful time after a claim. You may need to replace a lot of your stuff or move out of your home after something happens to your rental. Smooth service often means your life will get back to normal faster.
Amica is an affordable option in Delaware, with an average rate of $15 per month, or $180 per year. That's the second-cheapest price in Delaware.
The company also offers a good set of discounts. This includes a generous bundling discount that can save you up to 30% on your policy.
However, Amica doesn't offer as many ways to expand your protection as other companies. For example, you can't get water backup coverage, which pays for damage caused by a broken sump pump or backed-up pipes.
Best renters insurance in DE for military families: USAA
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Editor's rating
USAA has excellent customer service, and its basic policy comes with extra coverage.
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Standard policy includes replacement cost coverage and more
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Great customer service
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Military-specific discounts
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Only available to renters with military ties
USAA's renters insurance policy comes with lots of extra protection that most other companies charge extra for. A basic policy from USAA includes:
- Earthquake insurance
- Coverage for military gear and clothing
USAA has a reputation for excellent customer service.
It consistently gets very high scores on J.D. Power's customer satisfaction survey. In addition, USAA only gets That means you can count on USAA to get your life back on track quickly after a disaster.
However, only military members, veterans and some of their family members can buy renters insurance from USAA. That means many Delaware renters can't get a policy.
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.
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.
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.