The average annual premium for auto insurance in Delaware is $1884, which is well over the national average of $1440.
Annual Changes
The average annual premium in Delaware was reduced by 14% in 2011 compared to 2010. The average rate in 2010 in turn represented a drop of 3% from the rate in 2009. There are no state regulations which determine rates in Delaware so that each insurer sets rates as it sees fit. Therefore, there is no way to predict how prices will change in the future. Monitoring rates and obtaining multiple quotes is the best way for drivers to be sure they are getting the best rates for auto insurance in Delaware.
Seasonal Changes
During the beginning of 2010, rates for insurance in Delaware rose steadily until reaching a peak in May. Between June and December, the average annual premiums rose and fell from month to month until falling to present levels in January, 2011. This volatile pattern illustrates how consumers in Delaware are well served by checking this site for rate trends and quotes during the year so as to obtain the best rates.
Insurance Requirements
The minimum insurance requirements in Delaware include personal liability coverage of $15,000 per person and a $30,000 limit per accident, and the minimum property damage liability coverage is only $10,000. An additional personal injury protection plan which provides no-fault benefits is mandatory at limits of $15,000 per person and $30,000 per accident. Under the add-on tort system in Delaware, one party can still be held liable for damages over and above the no-fault coverage so that higher limits are recommended in order to protect assets in the event of a lawsuit. Uninsured and underinsured motorist coverage is also available in Delaware and is recommended although not mandatory.
Advice for Getting the Best Deals
National and regional carriers compete on the Delaware auto insurance market. Each company uses different methods of determining rates, so that it is impossible to predict which insurer is best for any particular situation. Obtaining multiple quotes from reliable insurance companies that are rated A or higher by A. M. Best is highly recommended, and the J. D. Power consumer satisfaction ratings for each company should also be considered.
The easiest way to get the lowest rates for car insurance in Delaware is by obtaining multiple quotes and monitoring prices through this site at regular intervals.
