How Much Is Car Insurance in Delaware? (2023 Averages)
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The cost of car insurance varies based on your coverage amount and driver profile. In Delaware, the average cost of car insurance is $1,483 per year. Policies with minimum coverage only cost approximately $913 per year, but if you add a young driver to your policy, you could pay as much as $3,801 per year. Drivers with violations also pay more, with the average policy costing approximately $1,749 per year.
Your car insurance lender also affects the cost of your auto insurance. Full coverage insurance from State Farm costs $1,229 per year while the cost of the same-coverage policy from Allstate is $1,890 per year. To help you find high-quality insurance at a reasonable price, you should compare providers for their rates and coverages.
The Average Cost of Car Insurance in Delaware
MoneyGeek investigated the average car insurance premiums in Delaware based on factors that directly affect them. The driver's age and credit score are the two main components that impact average auto insurance rates in the state.
In order to get the best price, it's important to learn as much as you can about the average car insurance rates for your specific needs and driver profile.
Average Costs of Car Insurance in Delaware
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- DriverAverage Annual PremiumAverage Monthly Premium
- The Average Driver$1,483$124
- Drivers Buying Minimum Coverage$913$76
- Adding a Young Driver$3,801$317
- Drivers With a Violation$1,749$146
- Drivers With Poor Credit$2,959$247
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Why Are Car Insurance Rates Reasonable in Delaware?
According to MoneyGeek's analysis, Delaware is one of the states with a moderate range of auto insurance prices. Most of the state's drivers (83%) live in urban areas, which increases the risk of accidents. Additionally, Delaware has the sixth-highest traffic density in the nation, again raising the chance of collisions.
However, the state also has a lower rate of uninsured drivers and vehicle theft, with few occurrences of natural disasters. If you received a high quote, it might be due to any of these factors being rated high in your specific location.
Average Cost of Car Insurance in Delaware: Full Coverage vs. Minimum Coverage
As analyzed by MoneyGeek, a state minimum car insurance policy costs an average of $913 per year, while the average annual cost of full coverage car insurance in Delaware is $1,483. That’s a difference of $570.
In other words, the level of coverage you purchase determines the average cost of vehicle insurance in Delaware. Auto insurance providers offer a wide range of insurance coverage. You are required to purchase the state minimum coverage, which is liability only. Any additional coverage would of course increase the cost of the policy.
Comprehensive, collision and liability coverage are all included in a full coverage insurance policy. This explains why it is more expensive than the state minimum coverage.
Average Cost of Car Insurance in Delaware by Coverage Level
A state-minimum policy in Delaware is the most affordable option for car insurance.
While these policies only have the basic coverages, you have the option to increase your liability insurance to 50/100/50 or 100/300/100. These figures represent the levels of liability coverage. For example, 50/100/50 stands for the following:
- $50,000 in bodily injury liability insurance per person
- $100,000 in bodily injury liability insurance per accident
- $50,000 in property damage liability insurance per accident
A full coverage policy offers more protection as it includes comprehensive and collision insurance. It also covers damages to your car.
Average Cost of Car Insurance in Delaware By Company
Whatever type of coverage you buy, each insurance company will give you a different estimate. As a result, the insurer you choose will also have a significant impact on your car insurance rate.
State Farm typically provides the cheapest full coverage insurance quote for Delaware drivers. When it comes to the cheapest liability only insurance, it again varies by state, but for Delaware, State Farm also provides the most affordable coverage.
USAA is the least expensive option for both state minimum and 50/100/50 liability insurance. The latter refers to policy limits: In this case, $50,000 for bodily injury per person, $100,000 for bodily injury per accident, and $50,000 for property damage. Note that USAA plans are only available to current and former military personnel, as well as their families.
For both state minimum liability only and full coverage plans, Allstate has the most expensive quotes on average.
Average Annual Costs of Car Insurance in Delaware - By Company
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- CompanyMinimum CoverageFull Coverage
- $355$641
- $791$1,229
- $811$1,331
- $820$1,353
- $989$1,364
How Much Is Car Insurance in Delaware by Age?
A driver’s age can adversely affect the car insurance rates in Delaware. Because of their inexperience, young drivers are considered high-risk, and insurers charge them substantial premiums. The most effective way young drivers can save money on insurance rates is to be added to their parent's auto insurance policy.
According to MoneyGeek, the average price difference between a 40-year-old driver’s and a young driver’s full coverage insurance in Delaware is $2,318 per year. In fact, new drivers in Delaware, regardless of age, may face insurance rates comparable to those of young drivers.
Average Costs of Full Coverage Car Insurance in Delaware - By Age
How Does Driving History Affect Car Insurance Costs in Delaware?
If you have a history of auto accidents or repeated traffic infractions, insurance companies may deem you high-risk. That means you’ll usually be quoted higher insurance premiums. MoneyGeek research shows that getting just one speeding ticket may add about $267 a year to the cost of your insurance policy. The amount varies according to the type of offense and its severity.
If you shop around, you may be able to find more affordable rates in Delaware, whatever your driving history.
Average Costs of Full Coverage Car Insurance in Delaware - By Driving History
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- Driving ViolationAnnual Premium
- Safe Driver$1,483
- Speeding Ticket$1,749
- At-Fault Accident$2,045
- DUI$2,591
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Credit Scores and the Cost of Car Insurance in Delaware
Insurers use your credit score to calculate your likelihood of making a claim in Delaware. You may save a lot of money on insurance premiums if you have a good credit score.
According to MoneyGeek's research, drivers with bad credit scores pay about $1,365 more per year in Delaware than those with good credit. If you have an excellent credit score, you could save an additional $325 each year in premiums.
While having a poor credit score may entail a higher premium, you can still find affordable insurance plans in Delaware.
Average Costs of Full Coverage Car Insurance in Delaware - By Credit Score
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- Credit ScoreAnnual Premium
- Excellent$1,269
- Good$1,594
- Fair$1,989
- Below Fair$2,373
- Poor$2,959
How Much Is Car Insurance in Your City?
Auto insurance premiums differ a great deal between states and even within each state. To study the average car insurance costs in Delaware, MoneyGeek used the city of Wilmington.
Your insurance premium will be higher if you live in a densely-populated location or one with a significant risk of traffic accidents or natural disasters. The rate of vehicle theft in your area can similarly impact your insurance premiums.
Average Costs of Full Coverage Car Insurance in Delaware - By City
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- CityAnnual Premium
- $1,483
Frequently Asked Questions About Delaware Car Insurance Rates
Here are the answers to some of the most frequently asked questions concerning Delaware's car insurance rates.
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