Best and Cheapest Renters Insurance in Delaware for 2024

By obtaining renters insurance from an insurance company, it will help you recover from any damage or loss you suffer in your apartment or the home you rent.

The difference between renters insurance and the coverage that your landlord has is often misunderstood. While the structure of your apartment or building is covered by your landlord’s insurance policy, renters insurance covers your personal belongings and liability issues that may arise. Your own personal belongings aren’t covered without your own renters insurance policy. Versus any property damage that occurs, which is covered under your landlord's policy.

So if you want to ensure you’re properly covered while renting, it’s important to find one of the best Delaware renters insurance companies. But where do you start? In the table above, you can sort through all the companies that provide coverage to renters ranked on Clearsurance.

The rating next to each company — the insurer’s Clearsurance score — is based exclusively on the thousands of ratings provided by customers. Note: Only those companies with at least 25 renters insurance reviews are eligible to appear in the best Delaware renters insurance rankings.

Interested in learning more about one of the companies on the list of the best renters insurance companies in Delaware? You can visit the company’s profile page to find more information about the company and read reviews to learn from the experiences of other policyholders.

On this page:

• Delaware renters insurance rates
• Average cost of renting in Wilmington
• Renters insurance for Delaware college students
• Delaware property crime statistics

Who offers the best rates in Delaware?

On average, State Farm offers the cheapest rates for renters in Delaware among the most popular companies in the state.

As an apartment renter in Delaware, you can look into renters coverage, to ensure your belongings are covered in case of a damage from perils like theft or a fire. Be aware that some companies may offer renters insurance in Delaware for a cheaper rate than others. In the table below, you can see the average Delaware rates for renters from some of the largest companies in the state.

These average renters insurance rates are based on a policy with $30,000 in personal property coverage (with a $500 deductible), $100,000 in personal liability and $1,000 in medical payments to others. The rates displayed should only be used for comparative purposes as individual rates in Delaware will differ. Rate data is provided by Quadrant Information Services.

How much does rent cost in Wilmington?

It costs an average of $1,114 per month to rent an apartment in Wilmington, Delaware.

Wilmington is situated along the Christina and Delaware Rivers and is the second-most populous city in the state, trailing only Camden. While rent in Wilmington costs an average of $1,114 per month, it can be lower or higher than that in certain areas within the city.

The type of apartment in Wilmington affects the monthly rent expenses. Studio apartments in the Delaware city have an average monthly rent rate of $795 and one-bedroom apartments have an average monthly rent rate of $1,026. On the other hand, three-bedroom apartments have an average monthly rent rate of $1,411. Another expense a renter should consider adding is renters insurance. Typically it’s affordable and can provide renters with financial protection in case of a peril that causes loss or damage to their personal belongings.

Can you get renters insurance for Delaware college students?

Are you a student attending a college or university in Delaware? Chances are you’ll be renting an apartment or living in an on-campus dorm while you complete your degree. There are a few things for college students renting housing in Delaware to consider in order to protect their personal belongings.

Typically, college students who live in dorms located on the college campus are covered by their parents homeowners insurance policy. That’s usually only the case for students who live on campus, though. College students who rent apartments off campus should consider a renters insurance policy because their items won’t be covered under their parents’ policy, and without a renters insurance policy, they won’t have any protection. So if your off-campus apartment suffers water damage, or any sort of accidental damage in general, you'll want some form of protection for your belongings.

College students will most likely have roommates in the apartment they rent. It’s not advised that students share policies with roommates. Rather, each student should have their own policy to protect their own belongings. It's similar to being a homeowner, except instead of protecting the dwelling itself, you're protecting what you put inside of it.

What are the Delaware property crime statistics?

Theft and vandalism or malicious mischief are among the 16 perils a standard renters insurance policy protects you from. So, how does crime in Delaware compare to other states around the country? The FBI published the following statistics on crime in Delaware for 2016:

• Property crime - 26,334
• Burglary - 5,023
• Larceny theft - 19,791

All three statistics for Delaware, when compared to the national average rate per 100,000 inhabitants, rank above the national average. Having policy features that protect you against situations like these will cost you less money when you have to replace everything that was stolen or vandalized.

How can you save money on your policy in Delaware?

While renters insurance may be more affordable than other types of coverage, no one wants to pay more than they have to. So what are the different ways that you can lower your Delaware renters insurance premium and have some extra spending money?

Here are the top 5 ways to save on your renters insurance:

• Raise your deductible
• Ask about potential discounts
• Bundle your policies
• Determine the value of your personal property
• Pay in full by check

How does Clearsurance rate and rank the best renters insurance companies in Delaware?

Consistent with its mission towards greater transparency, Clearsurance does not keep its rating and ranking formulas in a black box. Our algorithm analyzes a range of inputs from our independent community of insurance customers, including:

• Price
• Customer Service
• Claim service
• Likelihood to renew

The algorithm also takes into account the percentage of what customers say the company does well vs. the percentage of what customers say the company could do better. Having online access to customer reviews can help you find out what a company is truly like.

The Clearsurance customer ratings and rankings are derived entirely from customer reviews and ratings.

Is there a guide that renters can use for reference?

As we mentioned above, there’s common misconceptions regarding what is and isn’t covered by a renters policy. Before you purchase a policy from any sort of insurance providers in Delaware, it’s important to understand what your policy covers. For example, did you know that many policies include liability protection in the event a non-resident is injured on the property. Plus, if your apartment becomes uninhabitable from an incident, some policies may cover your expenses as you find temporary housing.

We want to make sure you’re equipped with a proper knowledge of renters insurance, so check out our renters insurance guide. Looking for more educational information about renters insurance? Check out our renters insurance blog for more information and topics related to renters insurance. Check out our renters insurance blog for informational purposes, and discover topics that could help you find a policy that's best for you.

Hopefully this way, you'll be able to find affordable rates, and be comfortable talking with experienced agents about the best and most valuable coverage for your rental property.