When looking to purchase Delaware car insurance, the initial step is figuring out what you need. The MoneyGeek Delaware Car Insurance Calculator can assist with this by estimating how much coverage is necessary based on your age, driving record and vehicle model. Furthermore, it allows you to research average premiums by rating factor and find the most budget-friendly policy.
Minimum Car Insurance Requirements
Delaware requires drivers to carry liability and personal injury protection (PIP), in order to legally drive. These policies cover you in case of an accident and pay for car damage as well as injuries that you cause. It’s also essential that you have enough coverage to pay for injuries, medical bills, funeral costs – whatever they may be.
Credit Scores and Adding Teen Drivers to Your Policy
Car insurance in Delaware is driven by several factors, including your credit score and whether or not you add a teen driver to the policy. A low credit score will mean paying more for coverage; however, there are ways to boost it and reduce rates accordingly.
Maintaining a Clean Driving Record
Insurers take into account your driving record when setting your car insurance rate. A clean record will reduce premiums because providers assume you’re less likely to file claims. Furthermore, if there haven’t been any speeding tickets or accidents in recent years, your rate may be reduced as well.
Younger Drivers in Delaware Face Higher Rates
Car insurance companies in Delaware generally view younger drivers as higher risks than older ones, so they charge them more for coverage. This is especially true for teenagers, whose drivers licenses are still new and who have limited driving experience.
Discounts for Different Types of Drivers
There are discounts available for a wide range of drivers, from good students to military personnel and veteran families. These savings can bring down the cost of your premiums and reduce out-of-pocket expenses on an annual basis.
Searching around for the best discounts can save you a considerable amount on car insurance in Delaware. Many top companies provide multiple types of discounts, such as good student, safe driver and home ownership.
Senior Drivers Pay More for Car Insurance
On average, seniors are more likely to get in an accident than other drivers and thus require higher car insurance premiums. This is due to their generally lack of experience behind the wheel and tendency for bad driving habits. As such, senior drivers typically face higher premiums.
High Deductibles Can Raise Car Insurance Costs More Than Expectee Opting for a high deductible can save money on your Delaware auto insurance, but it may increase the likelihood of an accident. If you’re uncertain, speak to a representative about all available options.
Uninsured Drivers in Delaware Are a Real Issue
According to a recent study, 8.5% of drivers in the state lack auto insurance. That means there are plenty of uninsured individuals driving around with reckless abandon who could put your life in jeopardy if they cause an accident.