Delaware Auto Insurance Quotes

Delaware state flagAlthough the price that a motorist pays for automobile coverage is primarily dependent on the perceived risk by insurers of how likely a driver will suffer a loss, it is important for a consumer to understand that each company has a different rating schedule and is likely to provide a different quote than a competitor. A younger driver is likely to pay more for a policy than a more experienced motorist, but this doesn't mean that a young operator has to settle for high premiums. By obtaining multiple quotations from various carriers, drivers are likely to see a big difference in pricing between several of the companies.

Compare DE Car Insurance Quotes

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Price Difference for a Young Single Male

In a sample rate comparison, the price difference between Delaware car insurance carriers was quite substantial. The quote-comparison was ran with the following details:
  • 22-year-old single male
  • Minimum coverage levels
    • Bodily injury liability of $15,000/$30,000
    • Property damage liability of $10,000
    • PIP with $15,000/$30,000
  • 12,000 annual mileage
  • 1 at-fault accident within the past 3 years
  • 2005 Honda Accord DX sedan
  • Garaging ZIP code of 19970
Results were returned by 10 carriers with the highest quote coming in at $1,798 a year and $1,100 being the lowest. The highest quote was approximately 63 percent higher than the lowest. The average price of a quoted premium from the 10 insurers was $1,376.

Pricing Difference for a Mature Married Couple with Two Automobiles

In a separate rate comparison, another scenario was ran with the following details:
  • 67-year-old husband and 65-year-old wife
  • Minimum coverage levels:
    • Bodily injury liability of $15,000/$30,000
    • Property damage liability of $10,000
    • PIP with $15,000/$30,000
  • Each drives 6,900 miles annually
  • Each has one ticket in the past 3 years
  • 2005 Honda Accord DX sedan and 2005 Dodge Caravan
  • Garaging ZIP code of 19970
Thirteen companies delivered results with the highest quoted rate being $1,846 and the lowest being $567. That is a price difference of roughly $1,300, which is quite a chunk of change. The average premium quote between the 13 carriers was approximately $1,038. As one can see, although the older couple were looking to insure two drivers and vehicles and drive more miles annually, the average of the premiums quoted was over $300 cheaper than that of the 22-year-old.

Because of the vast difference in what a carrier will charge a motorist for coverage, the two scenarios above should indicate to a driver that taking the time to obtain and compare quotes can save a large sum of money. And doing so can help consumers avoid overpaying for a policy whether they are in their 20s or 60s.