Cheap Auto Insurance for High Risk Drivers in Delaware

Buying affordable car insurance is not most people’s favorite thing to do, and deciding which companies offer the most affordable car insurance rates for high risk drivers requires even more shopping around. Prices should be significantly more than the average price in Delaware due to the additional risk related to selling insurance for high risk drivers, but competitively-priced coverage may be possible if you thoroughly shop around. Each insurance company uses a different method to establish rates, so let’s begin by taking a look at the car insurance companies with the overall cheapest rates in Delaware.

It’s a good idea to be aware that Delaware car insurance rates are influenced by many factors which can significantly increase or decrease the price you have to pay for coverage. This is why it is so important to do a thorough rate comparison when trying to find the lowest insurance rates for high risk drivers. Prices are influenced by many different factors and change substantially, so the most affordable company a year ago may now be one of the more expensive options.

Cheap Insurance Rates for Risky Drivers

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USAA offers some of the lowest car insurance rates in Delaware at around $874 a year. Travelers, Atlantic States, Nationwide, and California Casualty also make the cut as some of the cheaper Delaware car insurance companies.

As depicted above, if you are insured with Travelers and switched to USAA, you might see annual savings of in the vicinity of $178. Drivers with Atlantic States may save as much as $405 a year, and Nationwide policyholders might reduce prices by as much as $406 a year.

Bear in mind that those rates are averages for all drivers and vehicles and are not factoring in a price increase for high risk drivers. So the auto insurance company that can offer you the best rate may not even be shown in the list above. That emphasizes why you need to get car insurance quotes using your own driver data and vehicle information.

We all have different tastes in cars, and the vehicle you are insuring is one of the largest factors that determines the availablility of cheap auto insurance for high risk drivers in Delaware. Vehicles with economical engines, a plethora of safety features, or a track record of few liability claims will cost substantially less to insure than fast, unsafe models. The next tables presents car insurance rates for a number of the most cost-effective vehicles to insure.

Above prices assume single male driver age 30, two speeding tickets, two at-fault accidents, $500 deductibles, and Delaware minimum liability limits. Discounts applied include multi-vehicle, homeowner, and multi-policy. Price information does not factor in your specific Delaware location which can raise or lower coverage prices greatly.

Premium data assumes single male driver age 30, two speeding tickets, two at-fault accidents, $500 deductibles, and Delaware minimum liability limits. Discounts applied include multi-vehicle, homeowner, and multi-policy. Rate information does not factor in specific location which can alter prices noticeably.

Prices above based on single male driver age 30, two speeding tickets, two at-fault accidents, $500 deductibles, and Delaware minimum liability limits. Discounts applied include multi-vehicle, multi-policy, and homeowner. Information does not factor in vehicle location which can revise insurance rates significantly.

When buying car insurance for high risk drivers, one of the key things that is used to calculate the amount you pay each year for auto insurance is where you call home. More densely populated places like Wilmington, Edgemoor, and New Castle will most likely pay more, whereas areas with lower crime rates and fewer weather claims have the luxury of cheap auto insurance for high risk drivers in Delaware.

The next table lists the more expensive cities in Delaware for high risk drivers to purchase a policy in.

Annual rates are estimated as the specific geographic location can modify prices greatly.

Cost difference between full coverage and liability

Finding cheap auto insurance for high risk drivers in Delaware is the goal of most vehicle owners, and one great way to find cheaper insurance is to not buy comprehensive and collision coverage. The example below shows the difference between premium costs when comparing full coverage to liability only. The premium estimates are based on a clean driving record, no claims, $500 deductibles, single marital status, and no discounts are applied.

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On average, physical damage coverage costs $1,907 per year over having just liability coverage. Many people question if it’s worth it to buy full coverage. There is no definitive rule to stop paying for full coverage on your policy, but there is a general convention. If the yearly cost for physical damage coverage is about 10% or more of the vehicle’s replacement cost less your deductible, then it may be the right time to buy liability only.

For example, let’s say your vehicle’s book value is $9,500 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $8,500 after you pay the deductible. If it’s costing you more than $850 a year for comprehensive and collision coverage, then you might want to think about dropping full coverage.

There are some circumstances where eliminating full coverage is not in your best interest. If you still have a loan on your vehicle, you have to carry full coverage to protect the lienholder’s interest. Also, if your savings is not enough to buy a different vehicle in case of an accident, you should not consider dropping full coverage.

State Farm, Allstate, Progressive, or Geico: Who is cheapest?

When comparing car insurance, the top insurers to get price quotes from are State Farm, Allstate, Progressive, and Geico. If you put them all together, they insure 48.5% of all policies written in the United States. The data below illustrates ratings for price, service, and claims, in additional to some of the optional coverages that are available for buyers.

Who has the cheapest insurance quotes for high risk drivers?

Consumers have many ways to find affordable car insurance in Delaware, but the most frequently used methods are through an exlusive agent like Auto-Owners or State Farm, a non-exclusive or independent agent, or direct online or over the phone from a company like Progressive or Geico.

They all have the same end result, but buyers need to know the differences in how they provide price quotes.

Independent insurance agencies are appointed by several companies and can get rate quotes from all of them. These types of agents are usually affiliated with several companies and can get prices from more than one company, which can help you get a better chance of saving money. If cheaper coverage is found, you can get a different policy which makes it easier to save money.

Exclusive agencies are able to quote prices with one company, two examples are an Allstate or Liberty Mutual agent. These agents normally cannot provide other companys’ prices, so if their prices are high, they cannot shop around.

The final way is buying direct, which means you skip a local agent and buy buying direct from a company like Geico or Esurance. Buying direct may be good for consumers who do not need high amounts of coverage and have a good understanding of what coverages they need.

So what is the best way for finding cheap auto insurance for high risk drivers in Delaware? Our initial answer would be buying direct results in the best prices since no commissions are paid to an agent, but in reality, that argument does not hold true. And we’d like to say an independent agent is the best way to save due to increased selection, but again, it’s not a sure thing. And sometimes, exclusive agencies have extremely competitive rates that are well below what direct and independents offer.

Due to that fact that car insurance uses so many rating variables, really the only way to buy the cheapest policy is to compare, compare, and compare some more. The best approach is to get rate quotes from independent agents, exclusive agents, and direct companies to get a good idea who is cheapest. For a list of car insurance companies with low rates, click here to view.

How to find cheaper car insurance for high risk drivers

It’s not impossible to find cheaper rates, and here are a few money-saving suggestions that can help Delaware drivers buy lower-cost coverage.

• Discounts for being claim-free can be substantial
• Bundle home and auto and earn a discount
• At-fault accidents will increase rates
• Drive safe vehicles
• Ensure your driving record is clean
• Comparison shop frequently

That last piece of advice is highly important, as was stressed in the prior information. Prices fluctuate considerably, so drivers shouldn’t hesitate to buy a different policy if a better rate can be found.

Sticking with a specific company is fine, but it isn’t a good idea if that loyalty ends up costing a wad of cash every year. In just a few minutes you could compare rates and find cheaper auto insurance for high risk drivers.