Delaware Car Insurance Calculator

In addition to considering factors like age and driving record, Delaware drivers also pay close attention to policy costs. MoneyGeek conducted an analysis on average premiums by rating factor in Delaware to provide insight into their expected costs of insurance policies.

A driver’s vehicle choice also has a profound effect on their rates. Certain models of cars are more prone to theft or require costly repairs, prompting insurance providers to charge higher premiums for them. MoneyGeek estimated that owning more costly vehicles could increase rates by as much as 22x in Delaware.

Insurance companies consider individuals with poor credit scores to be high-risk customers and charge them more for car insurance in Delaware. This is because these people are more likely to file claims and have difficulty making payments on time, leading them to pay more for coverage than expected.

Age plays a significant role in Delaware car insurance rates. Young adults are more likely to get into accidents or engage in risky behavior on the roads; therefore, their premiums tend to be higher than for older drivers.

Delaware drivers aged 16-20 can expect to pay about 2.3x more for car insurance than their adult counterparts of equal age. Young drivers can save money on car insurance by staying on their parents’ policy or purchasing an alternative model of their vehicle.

Drivers in Delaware must carry bodily injury liability, property damage liability and personal injury protection coverage at minimum levels to meet state requirements. These coverages protect others in an accident you cause as well as covering medical costs and lost wages in case they are caused by you. In addition, uninsured/underinsured motorist coverage could help cover injuries from uninsured or underinsured drivers who strike them down.

Apart from their credit and driving record, factors like where a driver lives and type of car they own can have an outsized effect on auto insurance rates in Delaware. Each area poses different risks to insurers; MoneyGeek found that Ocean View rates in Delaware were considerably less expensive than Wilmington ones.

Delaware drivers’ car insurance payments depend on their coverage options. Some opt for only liability coverage; while others add comprehensive and collision coverages as a safety net against costly repairs or replacement of their vehicles after accidents. Leasing or financing your vehicle typically mandates these coverages; otherwise they can be purchased individually if you own your car outright. MoneyGeek estimates that Delaware drivers opting for full coverage could expect annual premiums of about $805.