Delawareans paid the 7th lowest average homeowner’s insurance premium in the country in 2013, the most recent year for which data is available.
According to findings from the National Association of Insurance Commissioners, homeowners in Delaware paid an average of $709, nearly $400 less than the national average of $1,096.
The lower home insurance rates at least partially offset the state’s high auto insurance rates, which rank as the 13th highest among the nation’s 50 states, according to one survey,
“I’m proud to say that Delaware remains among the top ten states in the U.S. for lowest average homeowners insurance premiums,” said State Insurance Commissioner Karen Weldin Stewart. “If you’re looking to save on your homeowners insurance, shop around for quotes from different companies. Always ask about possible discounts, like multi-line discounts for having your auto and home insurance through the same company.”
The Delaware Department of Insurance noted that premium amounts cited above are averages for the most common homeowners policy; your particular premium may be higher or lower.
The NAIC also cautions that average premiums are an imperfect measure of the relative price of insurance due to wide variations in hazards, economic conditions and real estate values from state to state.
To compare homeowner’s insurance rates from different Delaware carriers, click here.
