Car insurance isn’t something you can simply acquire without due consideration and many factors play a part in determining its premiums. While some factors beyond your control – like driving record and age – impact costs more directly; others such as type of vehicle driven and annual mileage also have an effect. Knowing these details allows for informed choices when purchasing coverage policies.
In order to give you an approximate cost estimate of Delaware car insurance, we conducted extensive analyses based on analyzing data from thousands of quotes submitted by drivers in your state to major car insurers. We assessed minimum coverage requirements such as bodily injury liability and property damage liability liability policies as well as personal injury protection (PIP). Furthermore, our calculations also took into account whether your vehicle was leased or financed since certain lenders require comprehensive and collision coverage when financing or leasing vehicles.
Based on our research, Delaware drivers should expect to pay between $67 and $805 annually for minimum coverage – considerably higher than the national average. You may save some money by opting out of full coverage altogether; however, should an accident arise that results in financial liability more expensive than any monthly premium you might incur for liability-only coverage.
No matter whether or not you opt for minimum or full coverage, having proof of insurance at all times is vitally important if pulled over during a traffic stop or registering your new vehicle. In addition, proof may also be required if an accident occurs or the Department of Motor Vehicles audits your car.
Delaware state law mandates that you carry at least $25,000 of bodily injury liability coverage per person and $10,000 of property damage coverage per accident, plus $15,000 Personal Injury Protection coverage which pays out regardless of who caused an incident. You’ll also require medical payment coverage which covers costs such as ambulance rides or emergency treatment following an incident; and uninsured/underinsured motorist coverage to compensate if an uninsured driver strikes and injures you.
For optimal Delaware car insurance rates, it is wise to shop around and compare quotes from multiple companies. The more information you can provide to potential insurance providers, the better their estimates of what your premium will be; such as traffic or parking violations on your driving record likely increasing your premium more than minor offenses such as expired registration.
As well as comparing rates, it’s also essential to evaluate customer service quality of each company. According to MoneyGeek’s rankings of Delaware car insurance providers, the five best companies combine affordability with exceptional customer satisfaction – they boast excellent loss ratios and strong AM Best ratings that indicate financial security and dependability.