Cheap Car Insurance Quotes for 16 Year Olds in Delaware

Anytime the topic is auto insurance, the words “affordable” or “cheap” really should not be used anywhere to describe car insurance rates. Please forgive the oxymoron, but cheap car insurance for 16 year olds can be extremely hard to find. Don’t let that bother you, though, because we are going to show you how you can still get coverage that most people can afford.

For new drivers, one of the big criteria that helps car insurance companies calculate insurance cost is where you keep your car. Regions with larger populations or more claims like Wilmington, Brookside, and Middletown tend to have more expensive car insurance rates, whereas areas with fewer weather claims and lower vehicle theft rates have the enjoyment of a little cheaper coverage.

The following table illustrates the highest-priced areas in Delaware for 16 year olds to buy an auto insurance policy in.

Premium amounts are estimated as the specific Delaware residence address can influence premiums substantially.

Finding low-cost auto insurance is not most people’s favorite thing to do, and figuring out which insurers offer the lowest-priced insurance rates for 16 year olds calls for even more rate comparisons. Insurance premiums will more than likely be much more expensive than the average policy in Delaware, with the higher price attributed to the potential for higher claims that goes along with selling insurance for new drivers, but affordable coverage may be available with a little diligence. Each company uses a slightly different approach to set their prices, so we need to take a look at the insurance companies that tend to be cheaper in Delaware.

It’s important that readers know that Delaware insurance rates are based on many factors which can significantly increase or decrease the price you pay for coverage. Events such as a birthday, having a claim, or getting a ticket for running a stop sign can produce rate changes that can make some companies more expensive than others.

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USAA normally has some of the lowest car insurance rates in Delaware at around $840 per year. Travelers, Nationwide, California Casualty, and Atlantic States also qualify as some of the cheaper Delaware car insurance companies.

As the example above demonstrates, if you are a customer of California Casualty and switched to Travelers, you could realize an annual savings of in the neighborhood of $199. Policyholders with Atlantic States may save as much as $224 a year, and Titan policyholders might reduce rates by $237 a year.

To see if you’re overpaying, click here to start your free quote or click through to the companies below.

It’s important to note that these prices are averages for all types of insureds and vehicles and and are not figured with a price increase for 16 year olds. So the insurer that can offer you the lowest price may not even be included in the rate chart shown above. That affirms the importance of why you need to compare prices as often as possible using your own driver data and vehicle information.

The make and model of vehicle on the policy is a large factor that determines if you can find low-cost coverage for 16 year olds. Vehicles with high performance features, a lack of modern safety features, or a history of substantial liability claims will cost more to insure than more economical and safe models.

The next table features auto insurance costs for a number of the cheapest vehicles to buy coverage for.

Prices above based on single male driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Delaware minimum liability limits. Discounts applied include safe-driver, and claim-free. Table data does not factor in garaging location in Delaware which can impact coverage prices considerably.

Based upon the table data, we can infer that vehicles like the Honda CR-V, Ford Escape, Chevrolet Traverse, and Hyundai Elantra are most likely going to be the less-costly vehicles to insure for new drivers. The price for an auto insurance policy will be higher anyway because of the fact that there is more claim exposure for 16 year olds, but overall those particular models will probably have the lowest insurance rates compared to other vehicles.

Discounts on cheap car insurance for 16 year olds in Delaware

Auto insurance companies that provide policies for 16 year olds may also provide premium discounts that can reduce rates by 25% or more if you meet the requirements. The best insurance companies and a summarized list of policyholder discounts can be read below.

• Farmers Insurance policyholders can earn discounts including bundle discounts, mature driver, youthful driver, business and professional, early shopping, and distant student.
• Esurance may have discounts that include claim free, online shopper, anti-lock brakes, DriveSense, good student, safety device, and online quote.
• State Farm has savings for safe vehicle, anti-theft, multiple policy, good student, and passive restraint.
• GEICO offers discounts including air bags, anti-lock brakes, federal employee, multi-policy, and military active duty.
• Allstate includes discounts for safe driver, auto/life discount, eSmart discount, defensive driver, economy car, 55 and retired, and premier plus.

The illustration below illustrates the comparison of insurance prices with and without discounts applied to the rates. Data assumes a female driver, no claims or violations, Delaware state minimum liability limits, comprehensive and collision coverage, and $250 deductibles.

The first bar for each age group shows the average rate with no discounts. The second shows the rates with paid-in-full, anti-theft, paperless filing, continuous coverage, vehicle safety, and good student discounts applied. With discounts applied, the average amount saved each year on insurance for 16 year olds is 28% or $789.

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Full coverage or liability only

Finding cheap car insurance for 16 year olds in Delaware is the goal of most drivers, and one of the quickest ways to save on the cost of insurance is to only pay for liability coverage. The diagram below illustrates the comparison of yearly insurance costs with full coverage and liability only. The prices are based on no claims or driving violations, $100 deductibles, marital status is single, and no discounts are factored in.

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If averaged out across all ages, physical damage coverage costs an additional $2,319 per year more than just buying liability insurance. Many of you may wonder if buying full coverage is worth the money. There is no definitive rule to drop full coverage, but there is a general school of thought. If the annual cost of your full coverage insurance is more than about 10% of the replacement cost of your vehicle minus the policy deductible, the it may be a good time to stop paying for full coverage.

There are some cases where removing full coverage is not recommended. If you have an outstanding loan on your vehicle, you have to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your savings is not enough to buy a different vehicle in the even your car is totaled, you should not drop full coverage.

Which car insurance company is best?

If you want reliable auto insurance for new drivers in Delaware, the top insurers to get price quotes from are State Farm, Allstate, Geico, and Progressive. If you add them together, they insure over 48% of all policies written. The next table points out pricing and service ratings, plus some optional coverages that are available for buyers.