GITNUX MARKETDATA REPORT 2024

Statistics About The Average Cost Of Homeowners Insurance In Delaware

The average cost of homeowners insurance in Delaware is approximately $970 per year.

Last Updated: June 23, 2024

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In the following post, we will explore a comprehensive overview of the average cost of homeowners insurance in Delaware. With a range of statistics highlighting key factors that influence insurance rates in the state, readers will gain valuable insights into pricing trends, discounts, coverage types, and regional variations that impact the affordability of homeowners insurance in Delaware.

Statistic 1

"Delaware ranks 17th in the U.S. for average homeowners insurance cost."

Statistic 2

"The average deductible for common homeowners insurance policies in Delaware is $1,000."

Statistic 3

"Homeowners with security systems in Delaware receive an average discount of 15% on their insurance."

Statistic 4

"Delaware homeowners receive an average discount of 10% for being claim-free for five years."

Statistic 5

"Delaware homeowners receive an average discount of 20% for bundling their insurance policies."

Statistic 6

"The average cost for dwelling coverage in Delaware is $200,000."

Statistic 7

"Premiums for older homes in Delaware are, on average, $900 per year."

Statistic 8

"The average cost to insure a condo in Delaware is $500 per year."

Statistic 9

"The average premium for homeowners insurance in Delaware is 10% less than the national average."

Statistic 10

"The average cost of homeowners insurance in Delaware varies by county, with Sussex County being the most expensive."

Statistic 11

"Insurance rates for homes with pools in Delaware are about 10% higher than those without."

Statistic 12

"The average increase in homeowners insurance premiums after a claim in Delaware is 9%."

Statistic 13

"The average liability coverage amount in Delaware is $300,000."

Statistic 14

"The average cost of homeowners insurance in Delaware is $780 per year."

Statistic 15

"The cost of insurance for brick homes in Delaware averages $750 per year."

Statistic 16

"Insurance costs for homes near the beach in Delaware average $1,200 per year due to increased risk."

Statistic 17

"Homeowners in rural Delaware pay around $700 annually for insurance, less than urban areas."

Statistic 18

"Home insurance premiums in Delaware have increased by 5% over the past five years."

Statistic 19

"Flood insurance is not included in standard homeowners policies and costs an additional $600 on average in Delaware."

Statistic 20

"Homeowners in Wilmington, Delaware, pay an average of $850 annually for insurance."

In conclusion, homeowners in Delaware face a diverse range of factors that influence the average cost of their insurance policies. From the varying discounts for security systems, claim-free records, and policy bundling to the impact of home features such as pools, age, and proximity to the beach, there are multiple considerations for Delaware residents to keep in mind when assessing their homeowners insurance needs. While the average cost of $780 per year in Delaware is below the national average and varies across counties and dwelling types, it is crucial for homeowners to be aware of potential increases such as post-claim premium hikes and the additional expense of flood insurance. As the insurance landscape continues to evolve, staying informed and reviewing options regularly can help homeowners in Delaware make well-informed decisions to protect their properties effectively.