Delaware Car Insurance Calculator: Delaware car insurance is mandatory, yet costly. On average, drivers in Delaware pay around $2,257 annually for full coverage – an amount higher than the national average and which can fluctuate based on driving history, age and other factors. Having said this, clean driving records and good credit scores can save money, as can shopping around for policies to meet your individual needs and finding affordable policies that match.
MoneyGeek recommends comparing quotes in order to find the appropriate auto insurer for you and your situation. In Delaware, State Farm, USAA and Geico all offer competitive rates; however, your ideal provider will depend on your own unique circumstances and driving history.
Delaware state minimum car insurance requirements require $25,000 of bodily injury liability per person up to $50,000, $10,000 property damage liability and $15,000 personal injury protection (PIP). Many people choose to increase these coverage limits for greater peace of mind. You might also want to consider adding uninsured motorist coverage which covers medical bills and vehicle damages caused by drivers without car insurance or driving illegally – an important option given that 11.4 percent of Delaware drivers don’t carry auto coverage at all!
Drivers looking for lower car insurance rates may benefit from taking a defensive driving course or driver safety class, and maintaining a clean driving record by setting up monthly recurring bill pay with certain insurers (often available). Furthermore, safe driver discounts may apply after five years have elapsed when maintaining such records are maintained in perfect order.
Outside of your driving history and credit score, factors that could largely determine your car insurance in Delaware include location and coverage selection. MoneyGeek research demonstrates that states with more hazardous road conditions, including higher speed limits and highways, tend to have higher average car insurance rates. Relocating to rural areas with fewer roads and lower traffic volumes may result in cheaper insurance premiums.
If you have been involved in an at-fault collision, your auto insurance rates in Delaware will most likely skyrocket. An at-fault incident will remain on your record for up to three years and could result in a significant rate hike; you should expect to pay approximately two times the average car policy rate after such an accident occurs.
Other factors that could sway your car insurance rate in Delaware include selecting a higher deductible and purchasing coverage of different kinds and in sufficient amounts. A higher deductible generally leads to lower premiums while hybrid and electric vehicles tend to attract cheaper premiums than regular cars. Also consider that certain models are more prone to theft or costly repair bills which could also impact rates.