Who Has Cheap Car Insurance for Drivers with Bad Credit in Delaware?

The vehicle needing coverage is probably the biggest factor when trying to find cheap auto insurance for drivers with bad credit in Delaware. Vehicles with high performance engines, poor crash test ratings, or a history of substantial liability claims will cost significantly more to insure than more modest models. The next list ranks insurance costs for a number of the most economical automobiles to buy insurance for.

Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Delaware minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, claim-free, and multi-policy. Rate information does not factor in specific location which can influence price quotes considerably.

Looking at the numbers, we can presume that vehicles like the Chevrolet Traverse, Honda CR-V, Ford Escape, Ford Focus, and Hyundai Tucson are most likely to be the less-costly vehicles to insure for people with poor credit. The price for an auto insurance policy will tend to be more expensive anyway just because there is more inherent risk for drivers with bad credit, but in general those particular vehicles will have the cheapest car insurance rates that you’ll find.

Finding out which company quotes the lowest-priced car insurance rates for drivers with bad credit requires more work than just comparing a company or two.

Every insurance provider uses their own method to determine premium rates, so let’s examine the car insurance companies that tend to be cheaper in Delaware. It’s important that readers know that Delaware car insurance rates are impacted by many factors which can substantially change the price of coverage. Simply improving your credit, moving to a new city, or getting a ticket for running a stop sign may cause policy rate changes resulting in some companies being affordable when they were higher priced.

Best Insurance Companies with Bad Credit

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USAA may offer some of the cheapest car insurance rates in Delaware at around $840 annually. Travelers, Nationwide, Atlantic States, and California Casualty also make the cut as some of the cheaper Delaware car insurance companies.

In the above rates, if you are a policyholder with Travelers and switched to USAA, you could see a yearly price reduction of about $254. Customers with Nationwide may save as much as $414 a year, and Atlantic States customers might see rate reductions of $491 a year.

Be aware that those rates are averaged for all types of insureds and vehicles and do not factor in a price increase for drivers with bad credit. So the car insurance company that fits your needs best may not even be featured in the above rate chart. That affirms the importance of why you need to get rate quotes using your own individual information.

Poor driving habits will raise your car insurance rates

The easiest method to score cheap auto insurance for drivers with bad credit in Delaware is to be an attentive driver and maintain a clean driving record. The chart below highlights how traffic violations and at-fault accidents can impact insurance rates for different insured age categories. Data assumes a single male driver, full coverage, $100 deductibles, and no additional discounts are factored in.

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The data charted above shows the average cost of auto insurance per year with no accidents or violations is $2,319. Get written up for two speeding tickets and the average cost increases to $3,080, an increase of $760 each year. Then include two accidents along with the two speeding tickets and the 12-month cost of car insurance for drivers with bad credit jumps again to an average of $5,775. That’s an increase of $3,455, or $288 per month, just for not being a responsible driver!

State Farm, Allstate, Geico, and Progressive: Who is best?

If you’re looking for the cheapest auto insurance, four companies to definitely compare rates with are State Farm, Allstate, Geico, and Progressive. All of them offer physical damage and liability coverage, but each has unique options and discounts that may affect your buying decision. The next table rates pricing and service ratings, plus some optional coverages that are available for customers.