Delaware homeowners enjoy some of the lowest rates on home insurance in the nation, with an average annual premium of only $736. The average national premium for homeowners insurance is $1,132.
Think of homeowners insurance as your financial backup plan for the times when bad things happen to your home unexpectedly. A homeowners policy does the following:
Insurance carriers calculate the cost of a home insurance policy by asking "How likely is it that something bad will happen?" The more likely it is that something bad will happen, the more expensive the home insurance policy will be, and vice versa. We call these potential disasters "risk."
Below are two examples of risks facing homeowners in the state of Delaware.
Crime rates in Delaware are slightly higher than the national average, making theft a serious concern for all homeowners.
Winter weather in Delaware can be especially severe for homeowners. The extreme cold, frozen pipes and snow melt can do serious damage to homes.
If you're shopping for comprehensive homeowners insurance in Delaware, choose an independent insurance agent. These agents aren't tied to a specific carrier, so they can offer quotes on multiple policies, giving you more options and lower rates on the home insurance you need.