Car insurance in Delaware costs an average of $94 per month for a minimum coverage policy and an average of $199 monthly for full coverage.
Types of Car Insurance Required in Delaware
Bodily injury liability insurance of at least $25,000 per person and $50,000 per accident. Bodily injury liability insurance pays for the medical expenses of other drivers in accidents you cause. It can cover things like hospital fees, loss of income, pain and suffering, and funeral costs.
Property damage liability of at least $10,000. Property damage liability insurance pays for other drivers' property damage in accidents you cause. It can cover things like vehicle repairs or damage to stationary objects like houses or fences.
Personal injury protection of at least $15,000 per person and $30,000 per accident. Personal injury protection pays for medical expenses, lost wages, and household expenses after a you or your passengers are injured in a car accident.
Premiums are representative of a 45-year-old good driver with a minimum coverage policy.
Delaware is similar to the majority of states in that it requires all drivers to have at least a certain amount of car insurance. Virginia and New Hampshire, on the other hand, are the only states that do not require drivers to carry traditional auto insurance.
Liability insurance pays for others’ medical expenses and property damage after an accident you were responsible for. In addition, drivers in Delaware will need to purchase $15,000 per person and $30,000 per accident in … read full answerpersonal injury protection coverage to satisfy the state’s minimum car insurance requirements.
If Delaware drivers do not purchase at least the minimum amounts of car insurance coverage required by Delaware law, they can face penalties for driving without insurance.
Drivers should also consider purchasing other types of car insurance in order to better protect themselves, given that liability insurance does not provide any coverage for the policyholder’s own injuries or property. For instance, both collision insurance and comprehensive insurance cover damage to the policyholder’s car. You will likely also need these types of insurance if your vehicle is financed.
Car insurance in Delaware costs $77 per month or $927 per year for minimum coverage, on average. The cheapest car insurance companies in Delaware are Travelers, USAA, and Geico, and getting quotes from several companies can help you find the best deal.
The average cost of car insurance in Delaware is 38% higher than the … read full answernational average auto insurance premium. There are several factors that affect how much you’ll pay for car insurance in Delaware, including your driving record, age and location, the amount of coverage you purchase, and the insurance company you buy it from.
Average Cost of Car Insurance in Delaware by Category
After an at-fault accident:$255 per month
Driver with poor credit: $141 per month
Teen driver:$412 per month
After a DUI: $157 per month
Average Cost of Car Insurance in Delaware by Company
Note: Rates are an approximation based on a driver in Delaware with minimum coverage and a clean driving record. Actual rates will vary.
How to Lower the Cost of Car Insurance in Delaware
Shop around and compare quotes. We recommend comparing quotes from at least three different insurance companies to make sure you are getting the best rate.
Choose a higher deductible. Your deductible is the amount you have to pay out of pocket before your insurance kicks in. Choosing a higher deductible can lower your premiums but means you will have to pay more out-of-pocket when you file a claim.
Consider lowering your coverage. Consider purchasing only the minimum amount of coverage required by your state, rather than purchasing higher limits or a full coverage policy.
Look for discounts you may be eligible for. For instance, most insurance companies offer a good-driver discount for customers with a clean driving record, a good-student discount, or a discount for paying your premiums in full up front.
Full coverage insurance in Delaware is usually defined as a policy that provides more than the state’s minimum liability coverage, which is $25,000 in bodily injury coverage per person, up to $50,000 per accident, and $10,000 in property damage coverage. Full coverage in Delaware also includes optional collision and comprehensive insurance… read full answer. As a result, full coverage insurance costs an average of $2396 per year in Delaware, while a state minimum policy costs $927 per year.
If you can’t afford to repair or replace your car after an accident, collision and comprehensive are important coverage types—even if they’re not required. Collision insurance covers repair or replacement costs if you are in an accident, drive into an object, or flip your car. Comprehensive insurance covers repair or replacement costs if your car is damaged by falling objects, natural disasters, floods, fires, theft, vandalism, or animals. Full coverage insurance costs an average of $2396 per year in Delaware, while a state minimum policy costs $927 per year. Lenders usually require collision and comprehensive in addition to the insurance you must have under Delaware law when you finance a car.
Most people should also choose higher liability coverage limits than what is required by Delaware law. If you cause an accident and your liability limits don’t cover the whole bill, you are still personally responsible for the rest. In the end, “full coverage” means having the right amount of coverage to protect your assets in a worst-case scenario.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. This question was posted by WalletHub. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.