The best cheap car insurance in Delaware

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Delaware residents might find that car insurance is costly. According to the Insurance Information Institute, it has the eighth-highest cost of car insurance in the US, with the average driver spending $1,221 per year for coverage. 

Many factors can go into what you’ll pay for auto insurance. Car insurance companies consider your location, age, gender, and driving record to calculate rates for premiums. Factors like credit score, marital status, vehicle type, previous coverage, and miles driven also play a role in the amount you’ll pay for coverage.

There’s still a lot to be saved by shopping around and seeing what different lenders have to offer. 

Minimum car liability insurance requirements in Delaware

Drivers in Colorado must purchase liability coverage. If you’re involved in an accident, liability insurance covers damage you cause to the other vehicle, driver, and passengers. If you finance or lease your car, your lender probably requires comprehensive and collision coverage. 

The two main components of liability insurance are bodily injury and property damage, which most states require. Liability insurance also includes uninsured motorist and underinsured motorist coverage. This type of coverage protects you when an at-fault driver hits you, and they have no coverage or not enough coverage.

According to the Insurance Information Institute, Delaware requires bodily, property, and personal coverage. Delaware’s minimum liability requirements are 25/50/10, which means up to $25,000 of injury protection for each person involved in an accident, up to $50,000 worth of injuries per incident, and up to $10,000 of property damages per incident. 

Best cheap car insurance in Delaware based on credit score

Consumer Reports obtained pricing formulas for each state from insurance companies all over the US. It then estimated the average premium for a single adult driver in Delaware based on the formulas, and found that a few companies offer the best cheap car insurance. 

Best car insurance for Delaware drivers with a clean record

For a driver in Delaware age 25 or older with no accidents and one vehicle, the following companies provide the best average rates:

*USAA is only for active military, veterans, and their families.

Above data obtained from Savvy, based on 330 policyholders in the state of Delaware 

Best car insurance for Delaware drivers with one or more accidents on record

For a driver in Delaware age 25 or older, with one or more accidents and one vehicle, the following companies provide the best average rates:

Above data obtained from Savvy, based on 330 policyholders in the state of Delaware 

Average premiums for seniors and teen drivers in Delaware

The table below shows the average senior and teen drivers can expect to pay in Delaware. Because teen drivers are new drivers with little driving history and more prone to accidents, their rates are high. Most insurance companies offer discounts to teen drivers for good grades or taking driving safety classes.

Senior drivers typically see an uptick in car insurance premiums as they age, but not as much of an increase as new or teen drivers. If you’re still driving in your 60s and 70s, there are ways to negotiate cheaper auto insurance rates, like pay-per-mile usage.

Data provided by Goosehead Insurance

Delaware car insurance rates by city

Below is the estimated average annual premium of auto insurance policies per household in Delaware’s most populous cities:

Data from S&P Global Market Intelligence

Best car insurance in Delaware based on customer satisfaction

Customer satisfaction with car insurance providers may factor into your decision. Customer satisfaction is defined by five factors: billing process and policy information; claims; interaction; policy offerings; and price. According to a 2021 survey by J.D. Power, a consumer research company that surveys customers, these are the top car insurance companies in the Mid-Atlantic region (which includes Delaware):

Most popular car insurance companies in Delaware based on market share 

The following are the most popular car insurance companies in Delaware, based on the percentage of insured Delaware drivers who use them:

*USAA is only for active military, veterans, and their families.

Data from S&P Global Market Intelligence

Who gets the best cheap car insurance in Delaware?

Several factors can influence your price, including your credit score. But, each insurance company will consider these things and price your policy differently. 

Another way to save is to shop around. Every insurance company prices policies differently, and no two policies are the same. Prices vary greatly depending on whether you get liability, comprehensive, or collision coverage.

Consider the amount of coverage and the types of coverage listed on your quote. Remember, you’re looking for the most coverage for your money. Don’t forget to look at the deductible or the amount you’ll pay out of pocket if you get into an accident.

This content was originally published here.