Best Cheap Car Insurance for Drivers Over Age 70 in Delaware

You’ve seen the commercials from insurers like The General and State Farm claiming big savings, so you just need to choose any of them, right?

It’s just not that simple, as there are many unknowns like the crash test ratings of your vehicle, the likelihood of vehicle theft where you live, and what level of deductibles you wish to have, that all factor into the price you pay. The information below covers the best ways to avoid high prices and will hopefully give the reader a good start in finding the cheapest insurance in Delaware.

Deciphering which companies quote the most affordable car insurance rates for drivers over age 70 takes more work than just comparing a company or two. Every insurance company has a unique approach to set premium rates, so let’s examine the car insurance companies with the most affordable rates in Delaware.

It’s important that readers know that Delaware car insurance rates are impacted by many things that control the policy price. Simply getting older, having a teen driver, or having a fender bender may generate price changes that can now make some companies more affordable than before.

Cheap Insurance Rates for Age 70+

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USAA has some of the lowest car insurance rates in Delaware at around $866 a year. Travelers, Nationwide, California Casualty, and Atlantic States also rank well as some of the more affordable Delaware auto insurance companies.

As shown in the rates above, if you are a policyholder with Atlantic States and switched to Travelers, you might realize a yearly savings of around $269. Drivers with Titan could save as much as $323 a year, and National Grange Mutual insureds might reduce rates by $455 a year.

To compare your rates to other Delaware insurance companies, click here to begin a quote or quote prices from the following companies.

Bear in mind that those rates are averaged across all drivers and vehicles in Delaware and are not factoring in a rate increase for drivers over age 70. So the insurer that fits your situation best may not even be included in the chart above. That is why you need to get car insurance quotes using your own specific driver information and vehicle.

When buying car insurance for older drivers, one of the key things that is looked at to help calculate rate quotes is where you normally keep your vehicle in Delaware. Regions with larger populations or more claims like Wilmington, New Castle, and Wilmington Manor tend to have more expensive auto insurance rates, whereas areas with less traffic congestion and claims benefit from lower coverage costs.

The following table illustrates the most costly cities in Delaware for drivers over age 70 to purchase car insurance in.

Premium amounts are estimated as the garaging address in Delaware can influence premium rates noticeably.

Does it make sense to buy full coverage?

Finding the best cheap auto insurance for drivers over age 70 in Delaware is probably important to most vehicle owners, and one of the quickest ways to find cheap insurance is to buy only liability coverage. The example below compares insurance premiums with full phyical damage coverage and with liability coverage only. The rate quotes are based on a clean driving record, no at-fault accidents, $100 deductibles, single marital status, and no policy discounts are applied.

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Averaged for all ages 20 through 70, physical damage coverage on your policy costs an additional $2,319 per year more than carrying just liability coverage. That proposes the question if paying for full coverage is worth it. There is no written rule to delete physical damage coverage, 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 could be time to drop full coverage.

For example, let’s assume your vehicle’s settlement value is $12,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most you would get paid by your company is $11,000 after the deductible is paid. If it’s costing you more than $1,100 a year for physical damage coverage, then it might be time to buy liability only.

There are some circumstances where removing full coverage is not advised. If you haven’t satisfied your loan, you are required to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you don’t have enough money to buy a different vehicle in the even your car is totaled, you should not opt for liability only.

Discounts on the best cheap auto insurance for drivers over age 70 in Delaware

Insurance companies that sell policies for drivers over age 70 may also provide discounts that can lower rates by as much as 25% or more if you qualify for them. A few popular companies and a partial list of their discounts are:

• Progressive offers discounts for continuous coverage, homeowner, multi-policy, good student, and online signing.
• GEICO discounts include military active duty, driver training, good student, anti-lock brakes, and anti-theft.
• State Farm offers discounts including Steer Clear safe driver discount, passive restraint, multiple autos, defensive driving training, good driver, student away at school, and good student.
• Esurance may have discounts that include emergency road assistance, anti-lock brakes, good driver, claim free, multi-car, and Pac-12 alumni.
• The Hartford includes discounts for defensive driver, bundle, good student, vehicle fuel type, driver training, and anti-theft.

The chart below compares yearly insurance costs with and without discounts applied to the policy premium. The costs are based on a male driver, no claims, a clean driving record, Delaware state minimum liability limits, comprehensive and collision coverage, and $100 deductibles.

The first bar for each age group shows the price with no discounts. The lower bar shows the rates with marriage, passive restraint, safe-driver, multiple vehicle, homeowner, and multiple policy discounts applied. When taking advantage of discounts, the average savings per year on car insurance for drivers over age 70 is 28% or $713.

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Cheapest insurance quotes for older drivers

Drivers have a lot of ways to quote cheap car insurance rates in Delaware, but the most popular are through an exclusive insurance agency such as Liberty Mutual or Allstate, a non-exclusive or independent agent, or from a direct company like Geico or Progressive.

You can use whichever method you prefer, but buyers should know the differences in how they function.

Independent insurance agencies have contracts with multiple insurance companies and can compare rates with every one. These types of agents possess the freedom to provide multiple price quotes, which may provide you with the best shot at cutting your rates. If they find a lower price, they simply move your policy to a different company which is easy for the insured.

An exclusive ageny is usually just provide rates from a single insurance company, a couple examples are an Allstate or Liberty Mutual agent. These guys and gals cannot provide multiple price quotes, so always compare other rates.

The third way to buy car insurance is direct which means you bypass an agent and buy direct online or over the phone from a company like Esurance or Progressive. Buying direct may be good for families who do not need complex risk management and understand what specific coverages they need.

So which of the methods works best to buy the best cheap auto insurance for drivers over age 70 in Delaware? It would be simple to say buying direct results in the best prices because you bypass the middleman, but unfortunately, that is not always true. It would also be easy to say buying from an independent agent is the best way to save since they have more companies to choose from, but that idea is not necessarily true either. And often times, the exclusive agents have coverage prices that cannot be met by either independent or direct companies.

Due to the fact that car insurance rates vary so much, the best way to ensure you are not overpaying is to compare, compare, and compare some more. We recommend you get rate quotes from independent agents, exclusive agents, and direct companies in order to find the best price. We compiled a list of companies with some of the cheapest online rates that you can click here to view.

How to find the best cheap auto insurance for drivers over age 70 in Delaware

The list below details a few money-saving ideas that can help Delaware drivers locate low-cost coverage.

• Accident-free drivers may qualify for discounts
• Lower rates by purchasing a safer vehicle
• Raise comprehensive and collision coverage deductibles
• Do not get traffic violations
• Good credit can save money
• Shop around once a year for cheaper rates

The last suggestion is highly necessary, as we pointed out in this article. Prices in Delaware go up and down frequently, so drivers shouldn’t be resistant to change insurance companies if a better deal can be had. Sticking with a specific company is fine, but is isn’t recommended if that loyalty results in overpaying hundreds of dollars year after year. Take a couple minutes and compare prices to find cheaper car insurance for drivers over age 70.