Best & Cheapest Renters Insurance In Delaware For 2025

Approximately 26% of all households in Delaware are renters who need to find the best and cheapest renters insurance in the state. There are many factors that influence renters insurance costs, primarily how old your home is and the risk of natural disasters. The average cost of renters insurance in Delaware is approximately $204 per year, or about $17 per month. This makes it an affordable way to protect your personal belongings and liability.

Having had over 15 years of experience as a licensed property and casualty agent, I’ve helped many clients find the right renters insurance to suit their needs and budget. This deep industry knowledge allows me to provide insights that save you time and money while making sure you have the right coverage.

Cheapest Renters Insurance Companies In Delaware

Cumberland Insurance and State Farm are the cheapest renters insurance companies in Delaware. Cumberland Insurance costs an average of $8 per month, while State Farm costs around $11.

Best Renters Insurance Companies In Delaware 2025

State Farm is the best renters insurance company in Delaware, with average monthly premiums of $11.

Use the table below to view the best renters insurance companies in Delaware, and their average rates.

How Much Is Renters Insurance In Delaware?

The average cost of renters insurance in Delaware is typically around $17 per month, or about $204 annually. However, the exact cost can vary significantly depending on several factors. These include the location of the rental property, the value of your personal belongings, the coverage limits, and any additional coverage options you may choose.

Average Delaware Renters Insurance Costs – By City

Where you live in Delaware can have a significant impact on the cost of renters insurance.

Here’s a table showing the average cost of renters insurance in 10 major cities in Delaware:

What Factors Affect The Price Of Renters Insurance In Delaware?

Several factors influence the cost of renters insurance in Delaware. Understanding these can help you manage your premium:

• Crime: Areas like Rehoboth Beach have the highest property crime rates in the state, especially during the summer time so renters in areas with high crime rates may face higher premiums.
• Building Codes & Age: Just over 20% of homes in Delaware were built before 1939 and this means they could have outdated features like electrical and plumbing, or building materials that are not as risk averse to things like winter storms and fire which could lead to higher premiums.
• Natural Disaster Risk: According to the Delaware Geological Survey, nor’easters are a common natural hazard with gale-force winds that can cause significant beach erosion and record tidal waves so homes along the coast may come with additional risk and higher premiums.
• Value of Personal Belongings: The more valuable your possessions, the higher your coverage limits and premiums.
• Deductible: A higher deductible can lower your monthly premium but increase out-of-pocket costs.
• Claim History: A history of claims may increase your rates.
• Rental Property Type: Apartments may cost less to insure than houses.
• Safety Features: Smoke detectors, security systems, and deadbolts may lower premiums.

Is Renters Insurance Required In Delaware?

In Delaware, renters insurance is not legally required by the state, but many landlords or property management companies may require tenants to have a policy in place. While the law does not mandate renters insurance, landlords often include this requirement in the lease agreement as a way to protect both the tenant and the property owner.

For tenants, having renters insurance is a wise decision, even if it’s not required by law. It helps safeguard personal property, which may be costly to replace out-of-pocket. Furthermore, renters insurance may provide coverage for temporary living expenses if the rental unit becomes uninhabitable due to a covered event.

While not mandatory, renters insurance can provide peace of mind and financial protection. It’s important to review the lease agreement and check with the landlord to see if it’s a requirement, as failure to comply could result in penalties or lease termination.

Common Renters Insurance Discounts In Delaware

Renters insurance providers in Delaware offer various discounts that can reduce your premiums:

• Bundling Policies: Combining auto and renters insurance with the same company can lead to savings.
• Security Features: Installing security systems or smoke alarms can result in discounts.
• Claim-Free Discounts: If you haven’t filed claims in several years, you may qualify for lower rates.
• Property Age: Newer, well-maintained homes may qualify for discounts.
• Loyalty Discounts: Long-term customers may receive reduced rates over time.

Common Renters Insurance Claims In Delaware

The most common renters insurance claims in Delaware include damage from natural disasters, such as flooding, hurricanes, and severe thunderstorms. Aside from natural disasters, theft claims are frequent in urban areas or neighborhoods with higher crime rates, where personal belongings may be at risk.

Water damage, often caused by burst pipes or appliance malfunctions, is also a common claim. Fire and smoke damage, as well as vandalism, are other typical claims that renters in Delaware may experience.

Does Renters Insurance in Delaware Cover Nor’Easters?

According to the Delaware Geological Survey, nor’easters are a common natural hazard with gale force winds that can cause significant beach erosion and record tidal waves. Renters insurance in Delaware will cover damage from wind or hail but it does not extend to damage from floods so it’s important to check your coverage and invest in additional flood insurance if this is a concern.

Does Renters Insurance In Delaware Cover Hurricanes?

Renters insurance in Delaware typically does not cover damage from hurricanes. Standard policies may provide coverage for wind damage, but hurricane-related destruction such as flooding or storm surges is usually excluded. To protect against hurricane damage, renters can add a windstorm endorsement or purchase separate hurricane insurance.

This additional coverage can help with repairs to personal property and provide protection in case of significant damage due to the storm, offering peace of mind during hurricane season.

Does Renters Insurance In Delaware Cover Fire?

Yes, renters insurance in Delaware covers fire damage to personal property and the rental unit itself. If a fire destroys belongings or causes damage to the apartment or house you’re renting, your renters insurance policy will typically cover the cost of repairs or replacement. This includes damage from smoke, heat, and soot.

Renters insurance also provides liability coverage if the fire spreads and causes damage to neighboring units. It’s important to keep an updated inventory of belongings to ensure adequate coverage.

Does Renters Insurance In Delaware Cover Thunderstorms?

Delaware experiences severe thunderstorms regularly through the spring and summer with the potential for strong wind, hail, and sometimes tornadoes.

Renters Insurance in Delaware will typically cover thunderstorms including wind and hail related damage or the additional tornado and tornado related damage. Thunderstorms and tornadoes are typically considered wind-related incidents, and most renters insurance policies include coverage for damage caused by windstorms.

If a thunderstorm’s wind or hail, or subsequent tornado damages personal property or the rental unit itself, renters insurance will typically cover repair or replacement costs.

However, it’s important to review your policy to ensure that the specific coverage for wind and tornado damage is included. Additional coverage may be needed for high-value items, depending on the policy.

Does Renters Insurance In Delaware Cover Flooding?

Renters insurance in Delaware does not cover flooding caused by heavy rains, storm surges, or rising water. Flooding is considered a separate peril, and standard renters policies exclude this type of damage. To protect against flooding, renters in Delaware must purchase separate flood insurance through the National Flood Insurance Program (NFIP) or private insurers.

Flood insurance will cover damage to personal property and the structure of the rental unit caused by rising water, ensuring comprehensive coverage in flood-prone areas.

Does Renters Insurance In Delaware Cover Wind Damage?

Yes, renters insurance in Delaware generally covers wind damage caused by events such as windstorms, tornadoes, and hail. Wind-related damage to personal belongings, such as furniture, electronics, and clothing, is usually covered under a standard renters policy.

However, damage caused by hurricanes may require additional windstorm coverage or a rider, as hurricanes are considered a separate risk. It’s important to review your policy to confirm that wind damage is included and to consider additional coverage if necessary for extreme weather events.

What Does Renters Insurance Cover In Delaware?

Renters insurance provides essential protection for your belongings and liability, offering financial security in the event of unexpected incidents. Understanding what is covered under a renters insurance policy helps you make informed decisions about your coverage needs.

Below, we break down the key components of renters insurance coverage.

Personal Property Coverage

Renters insurance typically covers personal belongings, such as furniture, clothing, electronics, and appliances, in the event of theft, fire, vandalism, or other covered disasters. It helps you replace or repair your possessions up to the policy’s coverage limit.

Liability Coverage

Liability protection is an essential part of renters insurance. It covers legal expenses and medical costs if someone is injured while on your property. For example, if a guest slips and falls in your home, liability coverage can help pay for their medical bills and any legal fees if you are sued.

Additional Living Expenses

If your rental becomes uninhabitable due to a covered incident, such as a fire or storm, renters insurance can cover additional living expenses. This includes the cost of temporary housing, meals, and other expenses while your home is being repaired or replaced.

Medical Payments To Others

This coverage provides small, no-fault medical payments if someone is injured on your property, regardless of who is at fault. It helps cover minor medical expenses without the need for a lawsuit or liability claim.

Loss Of Use Coverage

If you cannot use your rental due to a covered event, loss of use coverage can help with extra costs such as hotel stays and transportation.

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