Auto Insurance: Bear Or Philly, Which Is Cheaper?

Car insurance rates vary depending on location, with factors such as population density, accident frequency, and insurance claims all contributing to the cost of insurance in a given area. In Bear, Delaware, the average cost of car insurance is $2,001 annually, while in Philadelphia, Pennsylvania, it is $1,221. This difference in price is due in part to the higher population density and accident rate in Philadelphia, as well as the fact that Pennsylvania requires drivers to have personal injury protection, which increases the cost of insurance. As a result, car insurance in Bear, Delaware, is likely to be cheaper than in Philadelphia, Pennsylvania.

Auto insurance in Bear, Delaware, is cheaper than in Philly

Cheapest Car Insurance Companies in Delaware

According to Marketwatch, the cheapest car insurance companies in Delaware are Travelers, USAA, and California Casualty. However, USAA is only available to military members, veterans, and their families.

WalletHub also lists Geico and State Farm as two of the cheapest car insurance companies in Delaware.

Cheapest Car Insurance Coverage in Delaware

The coverage level you choose will impact your rates. While minimum liability insurance is all that is required by law, it is recommended that drivers consider full-coverage auto insurance for more protection.

Travelers offer the cheapest rates for both minimum-coverage and full-coverage insurance in Delaware, at $49 per month and $129 per month, respectively.

Factors Affecting Car Insurance Rates in Delaware

Several factors can influence the cost of car insurance in Delaware, including age, driving history, credit score, marital status, vehicle type, and location.

Young drivers, especially teens, tend to pay significantly more for car insurance due to their limited experience. Additionally, drivers with a history of speeding tickets, accidents, or DUIs will typically see higher rates.

Your credit score also plays a role, with lower credit scores resulting in higher insurance premiums as insurers consider them riskier to insure.

The city you live in can also impact your rates, with residents in urban areas, such as Wilmington and Newark, typically paying higher premiums due to heavier traffic, higher crime rates, and other factors.

Delaware Car Insurance Requirements

Delaware requires drivers to carry liability insurance and personal injury protection (PIP). The minimum coverage limits include:

• $25,000 per person and $50,000 per accident for bodily injury liability
• $10,000 per accident for property damage liability
• $15,000 per person and $30,000 per accident for personal injury protection (PIP)

While these are the minimum requirements, it is recommended that drivers consider purchasing higher coverage limits for added protection.

Benefits of Shopping Around

Shopping around and comparing quotes from multiple providers is the best way to find the cheapest car insurance rates in Delaware. By getting quotes from different companies, you can see which one offers the best coverage and prices for your specific situation.

Delaware is an at-fault state

Delaware is an "at-fault" or "tort" state, meaning the person at fault for a car accident is responsible for paying for other people's injuries and property damage. This is in contrast to no-fault states, where each driver's car insurance provider pays their medical claims after an accident, regardless of who is at fault.

In Delaware, the insurance company for each driver involved in an accident will assign an adjuster to determine who was at fault. Victims must then file a claim with the at-fault driver's insurance company to collect payment for their losses. If fault takes a long time to determine, drivers can file a claim with their own insurance company if they have coverage applicable to their own expenses, such as collision and comprehensive. Their insurer can then recoup the cost from the at-fault driver's insurer if the policyholder is deemed not to be at fault.

Delaware uses a modified comparative (51%) negligence system, meaning drivers cannot collect any damages from other parties if they were 51% or more at fault. If they were less than 51% at fault, they can collect damages minus the percentage that they were at fault. For example, if they were 30% at fault, they can recover 70% of what they spent on damages after the crash.

Being an "at-fault" state helps keep Delaware's insurance costs relatively low compared to no-fault states. However, Delaware is still among the most expensive states for car insurance due to its high population density and mandatory personal injury protection (PIP) insurance. The average car insurance rate in Delaware is $1,622 per year, 6% more than the US average.

In addition to liability insurance, Delaware requires all drivers to carry PIP insurance, which covers medical expenses for the policyholder and their passengers after an accident, regardless of fault. The state requires a minimum of $15,000 per person and $30,000 per accident in PIP insurance, but drivers can purchase more for added financial protection.

Average car insurance in Delaware is $2,231 per year

The average cost of car insurance in Delaware is $2,231 per year, which is significantly more expensive than the national average of $1,543. The cost of car insurance varies depending on factors such as age, location, driving record, and credit score.

For example, in Delaware, drivers aged 22 to 29 usually face the highest premiums, while those over 60 benefit from lower rates. The cost of car insurance also depends on the type of coverage. Minimum coverage in Delaware costs around $109 per month, while full coverage with a $1,000 deductible averages about $177 per month.

Additionally, insurance companies offer different rates, and it is worth comparing quotes from multiple providers to find the most affordable option. The cheapest car insurance companies in Delaware include State Farm, USAA, and Geico.

It is also important to note that car insurance rates can change over time, and it is recommended to review and compare insurance rates periodically to ensure you are getting the best deal.

Minimum coverage in Delaware is $2,026 per year

The cost of car insurance in Delaware is influenced by various factors, including age, gender, driving history, and credit score. The state's dense population and mandatory personal injury protection coverage also contribute to higher insurance rates.

The minimum coverage in Delaware refers to the mandatory auto insurance that drivers must carry to comply with the state's legal requirements. As of 2024, the average cost of minimum coverage in Delaware is $1,017 per year, or approximately $85 per month. This estimate may vary based on individual circumstances, such as age, driving history, and vehicle type.

The minimum coverage requirements in Delaware include:

• Bodily injury liability: $25,000 per person and $50,000 per accident.
• Property damage liability: $10,000 per accident.
• Personal injury protection (PIP): $15,000 per person and $30,000 per accident.

While minimum coverage is the most affordable option, it only covers injuries or damage to the other driver's car or property in an accident. It does not include repairs to your own vehicle, which is an important consideration when choosing an insurance policy.

To summarize, the minimum coverage in Delaware is designed to protect drivers from financial liability in the event of an accident. The average cost of $2,026 per year, or $85 per month, provides basic protection, but individuals should carefully consider their needs and explore additional coverage options for more comprehensive protection.

High coverage in Delaware is $2,316 per year

High Coverage in Delaware: $2,316 per year

The average cost of car insurance in Delaware is $2,231 per year, but this figure can vary depending on factors such as age, driving history, and credit score. For example, young drivers tend to pay more for car insurance due to their limited experience. Additionally, drivers with a poor credit history may be subject to higher rates as insurers consider them higher-risk.

The cost of car insurance in Delaware is also influenced by the state's requirements. Delaware mandates that drivers carry liability insurance and personal injury protection (PIP). The minimum coverage limits include $25,000 per person and $50,000 per accident for bodily injury liability, $10,000 per accident for property damage liability, and $15,000 per person and $30,000 per accident for PIP.

While these are the minimum requirements, it is recommended to consider higher coverage limits for added protection. High coverage in Delaware will cost around $2,316 per year on average. This includes comprehensive and collision coverage, providing protection against accidents, theft, vandalism, and weather incidents.

When shopping for car insurance in Delaware, it is essential to get quotes from multiple companies as rates can vary significantly between providers. It is also worth considering factors such as discounts, higher deductibles, and different types of coverage to find the most affordable option.

Frequently asked questions