Average homeowners insurance cost in Dover, DE

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In Dover, homeowners pay an average annual rate of $1,128 (for the coverage level of $300,000 for dwelling, $100,000 for liability protection, and $1,000 deductible), according to Insure.com’s rate analysis. It’s $1,376 less than the national average of $2,504.

Homeowners insurance rates change from one home to another. The home insurance premium in Dover depends on various factors, such as:

Size of your home
Age of your home
Amount of coverage you need
Location
Your credit score

To ensure you secure the best homeowners insurance policy, compare quotes from multiple insurers, enabling you to find the right coverage that aligns with your specific requirements.

Read this guide to learn how much homeowners insurance costs monthly in Dover, what home insurance costs for different dwelling coverage, and which companies offer cheap home insurance in Dover.

Key takeaways

The average cost of homeowners insurance in Dover is $1,128 per year.
Cumberland Insurance is the cheapest homeowners insurance company in Dover with an average annual premium of $889.
If you increase your dwelling coverage from $200,000 to $300,000, you will just have to pay $250 more a year for home insurance.

Average homeowners insurance cost in Dover per month

According to Insure.com’s rate analysis, residents of Dover pay an average of $94 per month for homeowners insurance. This is $20 less than the state average of $114 and $115 less than the national average for home insurance across the United States. The cost of your homeowners insurance policy in Dover can vary depending on your location, property value, and selected coverage options.

Average homeowners insurance cost for a $200,000 house in Dover

The average cost of homeowners insurance in Dover, DE is $878 annually for the dwelling coverage of $200,000 and the liability protection of $100,000. The amount you pay for home insurance each year depends on many different things. The types of natural disasters or events that take place in your area affect how much you pay for coverage in your city.

Some areas are more at risk for natural disasters, like flood, hurricanes, or tornadoes. This means that if something happens, the cost of rebuilding would be higher in those areas, thereby leading to higher insurance premiums. Your insurance policy might not cover damage caused by floods or hurricanes. So, if you live in a flood-prone area, consider buying flood insurance coverage.

Average homeowners insurance cost for a $300,000 house in Dover

As per rate analysis by Insure.com, homeowners residing in Dover typically pay an average of $1,128 annually to insure a home for coverage limits of $300,000 dwelling, $100,000 liability protection with a $1,000 deductible.

Your home insurance rates will be increased by $250 if you increase your dwelling coverage from $200,000 to $300,000. It is advisable to buy enough insurance sufficient insurance to cover the entire cost of rebuilding your home. However, the amount of dwelling coverage you need may vary depending on the size of your home, the features in your home, and the cost of living in your area.

Average homeowners insurance cost in Dover by company

Among the carriers analyzed, Cumberland Insurance is the most affordable homeowners insurance company in Dover. It’s average annual rate for homeowners in Dover is $889.

State Farm, ranks second and Allstate makes it to the third spot with an average annual home insurance rate of $1,080.

Research on the company is essential before selecting a homeowners insurance policy. Insure.com has thoroughly examined all insurance companies operating in Dover and compiled a list of the most affordable home insurance companies.

Below are details of Dover home insurance companies and their average annual premiums.

Home Insurance Company	Annual rate
Cumberland Insurance	$889
State Farm	$1,074
Allstate	$1,080
Travelers	$1,097
American Family	$1,498

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Dover for $300,000 dwelling coverage and $100,000 liability coverage with a $1,000 deductible. The data presented are those with a good credit tier alignment.