Car insurance in Delaware costs $94 monthly ($1,133 per year) for minimum coverage, on average, and around $199 per month ($2,384 annually) for a full-coverage policy. The cheapest insurance companies in Delaware are USAA, Geico, and Travelers, but insurers calculate premiums differently, so it’s a good idea to get quotes from more companies to find the best deal.… read full answer
Average Cost of Car Insurance in Delaware by Category
Clean driving record: $106 per month
After an at-fault accident: $142 per month
Driver with poor credit: $187 per month
Teen driver: $407 per month
After a DUI: $219 per month
The average cost of car insurance in Delaware is 57% higher than the national average auto insurance premium, and Delaware ranks 46 out of 50 for the most affordable car insurance rates in the U.S.. There are several factors that affect how much you’ll pay for car insurance in Delaware, including your driving record, age, location, the amount of coverage that you purchase, and the insurance company you buy it from.
Finally, it’s worth noting that car insurance premiums in Delaware are high, compared to the cost of coverage in neighboring states like Maryland and Pennsylvania. You can find more details in the table below.
Cost of Car Insurance in Delaware vs. Neighboring States
Full coverage insurance costs $1,997 per year or $166 per month, on average. Full coverage car insurance is more expensive than the legal minimum auto insurance coverage because full coverage usually includes collision and comprehensive insurance as well as the minimum coverage required by a state.
The cost of full coverage car insurance varies based on the state, the driver’s chosen coverage limits, the driver’s risk factors, and the vehicle’s value. Additionally, … read full answercomprehensive and collision insurance are subject to a deductible, and drivers can select a higher deductible in return for a lower premium. Drivers can also minimize the cost of full coverage car insurance by comparing rates and checking for discounts.
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 $1,730 per year in Delaware, while a state minimum policy costs $839.
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 $1,730 per year in Delaware, while a state minimum policy costs $839. 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.
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