Renters insurance in Delaware: Cost, best companies and how to save

What is the average cost of renters insurance in Delaware?

The average cost of renters insurance in Delaware is $170 per year. Rates vary depending on factors like your location, the amount of coverage you choose, your deductible, and your claims history.

"The number one thing that's most important is to get good liability. A renter's policy will default to $100,000 liability," Josiah Hatch, an insurance pro with Bender Hatch Insurance in Boston, said. "It costs next to nothing to go from $100,000 to $500,000. I want to say it's probably 10 bucks a year. It's really cheap to get a lot of extra coverage. I always recommend getting the most liability you can because that's, at its core, what insurance is all about: the worst-case scenario."

Best renters insurance company in Delaware: Cumberland Insurance

Cumberland Insurance ranks as the best renters insurance company in Delaware, earning a top score among the carriers we surveyed. Its average rate is $101 per year.

American Family and State Farm are also among the top insurance companies for renters insurance in Delaware.

Renters insurance rates vary significantly among providers, so you should compare options before choosing. You should also select a company with a good reputation to ensure it will be there if you have a claim.

To help you find the best renters insurance in Delaware, we evaluated average rates, NAIC complaints ratio, and AM Best financial ratings. We calculated the total Insurance.com score out of five using these factors.

Here are the best renters insurance companies in Delaware.

Cheapest renters insurance in Delaware

Our analysis shows that Cumberland Insurance is the cheapest renters insurance company in Delaware, with an average annual premium of $101.

Renters insurance rates can differ greatly between providers, so it's best to compare quotes to find affordable coverage that meets your needs.

Here is the list of the cheapest renters insurance companies in Delaware along with their average annual premiums.

Delaware renters insurance: The least and most expensive ZIP codes

Where you live in Delaware directly affects the cost of your renters insurance. The most expensive ZIP code in Delaware is 19944, where the average annual premium is $195. This is $25 more than higher than the average rate.

In contrast, the least expensive ZIP code for renters insurance is 19803, offering coverage at $163 a year.

The table below shows the most and least expensive ZIP codes in Delaware for renters insurance.

Renters insurance cost in Delaware by city

Renters insurance rates vary widely across cities in Delaware, driven by factors such as weather risks, crime rates, and other factors. To find the best deal in your city, you should consider these factors and compare quotes from multiple insurers before choosing a policy.

How to save on renters insurance in Delaware

There are several easy ways to lower the cost of renters insurance in Delaware without losing necessary coverage:

• Bundle your policies. Many insurance companies offer a discount if you buy renters and auto insurance together.
• Increase your deductible. Choosing a higher deductible will lower your monthly or yearly premium; just ensure you can afford it.
• Ask about discounts. Most providers offer savings for things like smoke alarms, security systems, or being claims-free.
• Compare quotes. Prices can vary widely between companies, so getting quotes from multiple insurers can help you find the best deal.
• Pay annually. Some insurers offer a small discount if you pay once a year instead of monthly.

Helpful home insurance tools and calculators

• Home insurance calculator
• Condo insurance calculator
• Renters insurance calculator
• When to file a home insurance claim