The best cheap car insurance in Delaware

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Car insurance isn’t cheap in Delaware – in fact, it has the eighth-highest cost of car insurance in the US, with the average driver spending $1,221 per year for coverage according to the Insurance Information Institute.

There are a lot of factors that 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. Other factors like credit score, marital status, vehicle type, previous coverage, and miles driven can all play a role in the amount you’ll pay for coverage.

That said, even in a state where insurance can be pricey like Delaware, there’s still a lot to be saved by shopping around and seeing what different lenders have to offer. Here are a few companies that are the best for starting your search, depending on your credit level.

Minimum car liability insurance requirements in Delaware

Liability coverage is required by law. If you’re involved in an accident, liability insurance covers damage you cause to the other vehicle, driver, and its 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, to protect you when an at-fault driver hits you and they have no coverage, or not enough coverage.

Delaware requires bodily, property, and personal coverage, according to the Insurance Information Institute. 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.

Types of liability coverageDefinitionBodily injury (BI)Injury you cause to others, includes medical expenses, lost wages, and funeral expensesProperty damage (PD)Damage you cause to others’ vehicle or propertyUninsured motorist (UM)Protects you when an at-fault driver hits you with no insuranceUnderinsured motorist (UIM)Protects you when an at-fault driver hits you with not enough coverage

The 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.

Excellent credit (FICO 800+)Good credit (FICO 670-739)Poor credit (300-579)USAA: $684 per yearState Farm: $1,287 per yearProgressive: $1,416 per yearUSAA: $900 per yearProgressive: $1,754 per yearState Farm: $1,877 per yearGEICO: $2,088 per yearUSAA: $2,565 per yearNationwide: $2,851 per year

The best car insurance for 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:

CompanyAverage monthly insurance premium USAA*$135State Farm$142Root$155GEICO$174Allstate$200Liberty Mutual$223Progressive$225

*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 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:

CompanyAverage monthly insurance premium GEICO$191Allstate$195Progressive$251

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.

Average premium for senior driversAverage premium for teen drivers $1,691 per year $2,280 per year

Data provided by Goosehead Insurance

The best car insurance in Delaware based on customer satisfaction

Customer satisfaction with car insurance providers may factor into your decision. According to J.D. Power, a consumer research company that surveys customers, these are the top car insurance companies in the Southeast region (which includes Delaware):

Farm Bureau Insurance TNErie InsuranceAlfa InsuranceGEICOAuto-Owners InsuranceNorth Carolina Farm BureauKentucky Farm BureauRegion AverageProgressiveAllstateSafecoState FarmFarmers InsuranceNational GeneralNationwideTravelersLiberty Mutual MetLife

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:

CityAverage annual insurance premium Wilmington$1,250Dover$1,277Newark$1,326Middletown$1,573Bear$1,461Glasgow$1,541Brookside$1,370Hockessin$1,619Smyrna$1,385Pike Creek Valley$1,446Milford$1,344Claymont$1,400Pike Creek$1,610North Star$1,704Wilmington Manor$1,345Seaford$1,346Georgetown$1,369Elsmere$1,320Edgemoor$1,343Millsboro$1,365New Castle$1,372Laurel$1,335Camden$1,361Rising Sun-Lebanon$1,383Dover Base Housing$1,291Harrington$1,288

Data from S&P Global Market Intelligence

The 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:

CompanyMarket share (%)State Farm22.75GEICO18.81Nationwide11.36Progressive10.44USAA*8.98Liberty Mutual7.11Allstate6.32The Hartford2.21Travelers2.19CSAA Insurance Exchange1.38National General Holdings1.05Sentry0.98Donegal0.85MetLife0.79Root Insurance0.78American Family Insurance0.73RFH Special Purpose0.65Horace Mann0.61Amica0.53Chubb0.31

*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?

When it comes to who gets the best prices on their premium, there are a few factors that can influence your price, including your credit score. But, each insurance company will consider these things and price your policy differently.

And that’s why it’s so important to shop around when looking for car insurance. When shopping for car insurance, you’ll want to get several quotes from different companies, and compare them to see which companies will offer you the most coverage for your money.

Don’t get hung up on the premium, either – also consider the amount of coverage that’s included, and the deductible, or the amount you’ll pay out of pocket if you get into an accident. Generally, the lower the premium, the higher the deductible, so make sure that you’ll have enough cash on hand.

The companies listed above are a good place to start your shopping, and checking your credit score can be helpful too. When it comes to getting the best cheap car insurance in Delaware, there’s nothing more important than shopping around.

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