ZIP Codes Tracked
57
Delaware Homeowners Insurance
U.S. Treasury FIO data for 57 ZIP codes in Delaware (DE).
Homeowners in Delaware pay an average of $1,252 per year for home insurance — 29% below the national average of $1,776. That ranks Delaware as the 44th most expensive state out of 51 for homeowners insurance. Between 2018 and 2022, premiums rose by 6.6%; nonrenewal rates declined by 24.9% over the same period.
On five-year premium growth (2018–2022), Delaware ranks 23rd out of 51 states. Its nonrenewal rate (0.88%) ranks 34th out of 50 — nonrenewal is an early warning indicator of insurer retreat, often tied to disaster risk.
Source: U.S. Department of the Treasury, Federal Insurance Office — "Analyses of U.S. Homeowners Insurance Markets, 2018–2022." Premium values are five-year averages across all ZIP-level observations. See methodology for caveats.
Avg Premium
$1,252/yr
National avg: $1,776 (-29% below)
Premium Change
+6.6%
2018-2022 change
Avg Loss Ratio
46.7%
Claims paid vs premiums earned
Nonrenewal Rate
0.88%
-24.9% change
Data Snapshot: Delaware Homeowners Insurance
Delaware homeowners paid an average of $1,252 per year for home insurance based on U.S. Treasury FIO data covering 57 ZIP codes across the state. That is 29% below the national average of $1,776 per year reported by the Federal Insurance Office. Delaware ranks 44th most expensive out of 51 states and territories on annual premium, with ZIP-level observations ranging from $937 in 19804 to $3,653 in 19807.
Between 2018 and 2022, average premiums rose by 6.6% in Delaware, placing the state 23rd nationally on five-year premium growth. The state-level loss ratio averaged 46.7%, meaning insurers retained a healthy margin after claims, typical of stable markets. Nonrenewal rates — the share of policies insurers decline to extend at expiration — averaged 0.88%, a decline of 24.9% over the study period (ranking 34th out of 50 states).
Within Delaware, premium dispersion across ZIP codes is substantial: the most expensive ZIP (19807 in Wilmington) charges 290% more than the least expensive (19804 in Wilmington), reflecting local differences in catastrophe exposure, construction costs, and claims history. The FIO dataset aggregates voluntary reporting from the 40 largest homeowners insurers covering roughly 80% of the U.S. market, so ZIP-level figures represent market averages rather than individual quotes; actual premiums vary with dwelling value, deductible, coverage limits, and insurer-specific underwriting. This page is for educational research only and is not insurance advice — homeowners should obtain quotes from multiple licensed carriers or an independent agent before purchasing or renewing coverage.
Loss Ratio Reading: Delaware
Delaware statewide — FIO 2018-2022 average: 47% (Insurer-favorable) — low claim payout — insurer retains a healthy margin.
Reporting Period
2018-2022
Source
U.S. Treasury FIO
Premium Trends (2018-2022)
| Year | Avg Premium | Median Premium |
|---|---|---|
| 2018 | $1,174 | $1,035 |
| 2019 | $1,216 (+3.6%) | $1,078 |
| 2020 | $1,219 (+0.2%) | $1,062 |
| 2021 | $1,221 (+0.2%) | $1,073 |
| 2022 | $1,252 (+2.6%) | $1,125 |
Average Premium by Year
$1,174 2018
$1,216 2019
$1,219 2020
$1,221 2021
$1,252 2022
Most Expensive ZIP Codes in Delaware
#1 #2 #3 #4 #5 #6 #7 #8 #9 #10
19807
Wilmington, DE
$3,653/yr
Loss ratio: 29%
19944
Fenwick Island, DE
$2,682/yr
Loss ratio: 4%
19930
Bethany Beach, DE
$2,373/yr
Loss ratio: 13%
19971
Rehoboth Beach, DE
$1,990/yr
Loss ratio: 25%
19806
Wilmington, DE
$1,633/yr
Loss ratio: 23%
19707
Hockessin, DE
$1,473/yr
Loss ratio: 24%
19958
Lewes, DE
$1,404/yr
Loss ratio: 24%
19970
Ocean View, DE
$1,384/yr
Loss ratio: 29%
19803
Wilmington, DE
$1,366/yr
Loss ratio: 20%
19951
Harbeson, DE
$1,323/yr
Loss ratio: 29%
Most Affordable ZIP Codes in Delaware
#1 #2 #3 #4 #5 #6 #7 #8 #9 #10
19804
Wilmington, DE
$937/yr
19979
Viola, DE
$979/yr
19940
Delmar, DE
$993/yr
19941
Ellendale, DE
$994/yr
19713
Newark, DE
$998/yr
19805
Wilmington, DE
$1,002/yr
19943
Felton, DE
$1,018/yr
19808
Wilmington, DE
$1,021/yr
19953
Hartly, DE
$1,023/yr
19952
Harrington, DE
$1,026/yr
All ZIP Codes in Delaware
57 ZIP codes sorted by premium (highest first). Click column headers to sort.
| ZIP | City | Premium |
|---|---|---|
| 19807 | Wilmington | $3,653 |
| 19944 | Fenwick Island | $2,682 |
| 19930 | Bethany Beach | $2,373 |
| 19971 | Rehoboth Beach | $1,990 |
| 19806 | Wilmington | $1,633 |
| 19707 | Hockessin | $1,473 |
| 19958 | Lewes | $1,404 |
| 19970 | Ocean View | $1,384 |
| 19803 | Wilmington | $1,366 |
| 19951 | Harbeson | $1,323 |
| 19730 | Odessa | $1,317 |
| 19975 | Selbyville | $1,302 |
| 19709 | Middletown | $1,280 |
| 19701 | Bear | $1,278 |
| 19810 | Wilmington | $1,225 |
| 19711 | Newark | $1,221 |
| 19734 | Townsend | $1,217 |
| 19802 | Wilmington | $1,188 |
| 19733 | Saint Georges | $1,188 |
| 19939 | Dagsboro | $1,186 |
| 19934 | Camden Wyoming | $1,175 |
| 19809 | Wilmington | $1,171 |
| 19702 | Newark | $1,171 |
| 19968 | Milton | $1,162 |
| 19963 | Milford | $1,149 |
| 19931 | Bethel | $1,136 |
| 19962 | Magnolia | $1,135 |
| 19945 | Frankford | $1,132 |
| 19950 | Greenwood | $1,125 |
| 19966 | Millsboro | $1,106 |
| 19973 | Seaford | $1,105 |
| 19720 | New Castle | $1,105 |
| 19964 | Marydel | $1,103 |
| 19946 | Frederica | $1,085 |
| 19801 | Wilmington | $1,084 |
| 19901 | Dover | $1,080 |
| 19947 | Georgetown | $1,078 |
| 19960 | Lincoln | $1,077 |
| 19938 | Clayton | $1,072 |
| 19956 | Laurel | $1,071 |
| 19977 | Smyrna | $1,070 |
| 19954 | Houston | $1,069 |
| 19904 | Dover | $1,060 |
| 19706 | Delaware City | $1,049 |
| 19933 | Bridgeville | $1,048 |
| 19967 | Millville | $1,044 |
| 19703 | Claymont | $1,032 |
| 19952 | Harrington | $1,026 |
| 19953 | Hartly | $1,023 |
| 19808 | Wilmington | $1,021 |
Delaware Insurance Guides
Why Is Homeowners Insurance So Expensive?
Key factors driving premium increases nationwide
The Insurance Nonrenewal Crisis
Why insurers are dropping policyholders and what it means
Understanding Loss Ratios
What loss ratios reveal about your state's insurance market
Insurance Costs by State
How Delaware compares to other states
Related Data for Delaware
Natural Disaster Risk
FEMA disaster & NOAA storm data for Delaware
Wildfire Risk Data
USDA wildfire risk assessments for Delaware
Rental Market Data
HUD fair market rents in Delaware
Cost of Living
BEA regional price parities across metros
Property Taxes
County property tax rates in Delaware
Climate Data
NOAA climate normals for Delaware
Frequently Asked Questions
What is the average homeowners insurance cost in Delaware? ▼
The average homeowners insurance premium in Delaware is $1,252 per year, based on U.S. Treasury FIO data covering 57 ZIP codes. This is 29% below the national average of $1,776.
How have insurance premiums changed in Delaware? ▼
Delaware homeowners insurance premiums changed by +6.6% between 2018 and 2022. The average loss ratio is 46.7%, meaning insurers pay out that percentage of earned premiums in claims.
Which ZIP code has the most expensive insurance in Delaware? ▼
The most expensive ZIP code for homeowners insurance in Delaware is 19807, with an average premium of $3,653/yr. The most affordable is 19804 at $937/yr.
What is the nonrenewal rate for Delaware homeowners insurance? ▼
The average nonrenewal rate in Delaware is 0.88%. This rate has changed by -24.9% from 2018 to 2022. Nonrenewals occur when an insurer declines to renew an existing policy at expiration. ZIP 19733 has the highest nonrenewal rate in the state at 2.63%.
What is a loss ratio and what does Delaware's mean? ▼
A loss ratio measures how much an insurer pays out in claims compared to premiums collected. Delaware's average loss ratio is 46.7%. Ratios above 100% indicate insurers are paying more in claims than they collect, which often leads to premium increases.
How often do homeowners file insurance claims in Delaware? ▼
The average claim frequency in Delaware is 3.41%, meaning that percentage of policies result in a claim each year. The average claim severity (cost per claim) is $15,598. Higher claim frequency and severity typically correlate with higher premiums.
Source: U.S. Department of the Treasury, Federal Insurance Office (FIO) Homeowners Insurance Data (2018-2022). Premiums are ZIP-level averages and may not reflect individual policy costs U.S. Department of the Treasury, Federal Insurance Office (FIO) Homeowners Insurance Data (2018-2022). Premiums are ZIP-level averages and may not reflect individual policy costs
Related
Data sourced from official U.S. government datasets. See our methodology for details. Retrieved and formatted by PlainInsure Editorial
