Auto insurance in Delaware is a major expense for many people. Autoinsuranceit ranked the top auto insurance companies in Delaware to help you find the best car insurance in Delaware. Autoinsuranceit’s ratings demonstrate potential savings of $1,249 when comparing rates from top-rated auto insurers in Delaware.
Personalized information like age, driving history, and location can play a big role in determining premiums for auto insurance policies; these factors are all considered differently by different providers so it is important to compare quotes from multiple providers if you want the cheapest car insurance policy possible!
Cheapest Minimum Liability Car Insurance Companies and Quotes in Delaware
Minimum insurance coverage in Delaware pays for the expenses of other drivers and their vehicles if you cause an accident. Comprehensive collision coverage typically insures your vehicle as well. The cheapest car insurance companies in Delaware for minimum coverage are:
- USAA: $355 per year (only available to veterans and current military members)
- State Farm: $791 per year
The cheapest car insurance for minimum coverage is Allstate, with an average rate of $1,069 annually.
Average Cost For Liability Coverage
These numbers are just an estimate of the potential savings and should only be used as a comparison tool between providers. These numbers are only estimates for a hypothetical average Delaware driver and should not be used to compare insurance premiums.
AutoInsurenceIT EXPERT TIP
The minimum policy in Delaware only offers bodily injury and property damage liability insurance, along with personal injury protection. Drivers looking to protect against the cost of damages to their car or who want to enhance their liability coverage should consider buying a full coverage policy instead.
Cheapest Coverage Car Insurance in Delaware
Selecting the right car insurance can change your premiums and choose a reputable company. A full-coverage package with higher liability limits and comprehensive collision insurance is worth paying for if you are in automobile accidents often. Delaware’s cheapest car insurance companies offer full coverage for a low price.
- USAA: $641 per year (only available for military members, veterans and their families)
- State Farm: $1,229 per year
The most expensive full coverage provider is Allstate, with an average annual premium of $1,890.
Average Comprehensive And Collision Rates In Delaware
Your individual premiums will vary from these examples. The prices are for a comprehensive collision insurance policy that provides $100,000 of liability coverage per person, $300,000 per accident, and $100,000 of property damage coverage per accident.
The Best Car Insurance Companies in Delaware for 2021
Based on Autoinsurenceit’s research, the best car insurance companies in Delaware for most drivers are:
- Best Overall: GEICO
- Runner-up: The Hartford
USAA is considered the best car insurance provider in Delaware, but military members, veterans, and their families are ineligible. Insneed considered costs, factors contributing to financial strength, claims-paying ability, and customer support to compile the rankings of best car insurance in Delaware.
List of the Largest Insurance Companies in Delaware
Three of the largest insurance providers in Delaware are State Farm (23.5%), GEICO (18.6%), and Nationwide (12.4%). Market share is an indication of how much each company contributes to the total number of policies sold in the state. You might prefer to go with a bigger company since they are more likely to be financially stable and have the capacity for reimbursement. This may make the difference between long waits or smooth reimbursements when you claim your insurance.
How to Compare Cheap Delaware Car Insurance Quotes Online
Leading car insurance providers offer online quote tools for your convenience when you research rates. When comparing quotes, make sure to use the same limits when requesting coverage on a given vehicle, such as comprehensive and collision insurance with a $500 deductible; if you get quotes with different deductibles from other firms, a factor that differences in your decision.
In Delaware, the three cheapest insurers for liability coverage are USAA, State Farm, and GEICO. Choose one of these companies to start your search for a suitable policy if you’re trying to save especially large amounts of money on car insurance.
What Is the Average Cost of Car Insurance in Delaware?
For this study, we calculated the average rates for a 40-year-old male driver with 20 years of driving experience and 15 years of no claims in Delaware. The rates are for 100/300/100 comprehensive and collision insurance. You may pay lower or higher rates depending on your driving history and coverage levels too.
- Average Driver: $1,483
- DUI: $2,591
- Speeding Ticket: $1,749
- Poor Credit Score: $2,742
- Seniors: $1,558
- Students: $3,224
Auto Insurance in Delaware: What You Need to Know
Delaware motor vehicle owners are legally required to purchase the state-required minimum of car insurance or post a cash bond, as proof of coverage before receiving registration for their vehicle. Vehicles inoperable or in storage do not need to have this included unless they will be registered and driven on public roads.
Minimum Liability Insurance Requirements in Delaware
Delaware state law says a registered car must have the minimum auto insurance coverage.
- If someone dies or gets hurt, they will be paid $25,000.
- You can get $50,000 for deaths or injuries in an accident.
- If you cause property damage, you must pay $10,000.
Alternatives to Insurance in Delaware
Alternative to buying car insurance, Delaware drivers can post a $40,000 bond for each vehicle registered to their name. Weighing the risks of traveling without coverage or bonding yourself against them, may make more sense in some cases.
How Much Coverage Do You Need in Delaware?
Liability insurance is not enough to protect you in case of injuries or damages that you are involved in. Some drivers may want to combine coverage for collision and comprehensive if their state mandates such a policy. If you’ve ever been in an accident, it’s likely a scary and stressful experience. Even if the other car is at fault for the collision, your insurance company will still be there to help with medical bills or any repairs needed after totaling the vehicle. But what about when someone without coverage hits you? You’ll need uninsured motorist protection so that doesn’t happen!
Insurance industry organizations recommend liability coverage of 100/300 because accidents can turn into nightmares very quickly – even if one person suffers from injuries worth $100k+. If these numbers sound familiar, chances are you’re looking for ways to protect yourself against hit-and-run drivers by adding Uninsured Motorists Protection, which covers all situations where people lack adequate auto insurance.
Conclusion
We hope this guide has helped you learn more about Delaware auto insurance. Selecting the right car insurance can change your premiums and choose a reputable company well-known for quality service. A full-coverage package with higher liability limits and comprehensive and collision insurance may be worth paying for if you are in automobile accidents often. If not, it will depend on how much risk exposure you want to take, at what cost, and whether or not you have assets that need protection from lawsuits. Let us know if we can help you find an affordable policy for your situation!
