Best Cheap Car Insurance Quotes for Drivers Under 25 in Delaware

You have probably seen the commercials from companies like Farmers and State Farm that claim huge savings. So you should just pick the company with the catchiest ad, right?

It’s just not that easy, however, as there are a whole bunch of unknown elements such as if you are single or married, what deductibles you want to use, and if you are a renter or homeowner, that all have an effect on the price. The content below will cover some of these factors and will hopefully give you a good start in finding the cheapest car insurance.

Performance level and cost of the vehicle requiring coverage is probably the most important factor when shopping around for affordable auto insurance for drivers under 25. Vehicles with lower performance, good safety features, or a low likelihood of having liability claims will cost significantly less to insure than high performance models. The tables below ranks car insurance premiums for a selection of the most affordable automobiles to buy insurance for.

Above prices assume single male driver age 20, no speeding tickets, no at-fault accidents, $1000 deductibles, and Delaware minimum liability limits. Discounts applied include claim-free, and safe-driver. Table data does not factor in specific location information which can change auto insurance rates considerably.

Prices based on single male driver age 20, no speeding tickets, no at-fault accidents, $1000 deductibles, and Delaware minimum liability limits. Discounts applied include claim-free, and safe-driver. Price estimates do not factor in vehicle garaging location which can lower or raise coverage prices considerably.

Prices above based on single male driver age 20, no speeding tickets, no at-fault accidents, $1000 deductibles, and Delaware minimum liability limits. Discounts applied include claim-free, and safe-driver. Premium amounts do not factor in specific garaging location which can modify rates considerably.

For drivers age 25 and younger, one of the more important components that helps car insurance companies calculate the price of your policy is where you call home in Delaware. Areas with more people or more claims like Wilmington, Edgemoor, and New Castle are more likely to have higher rates, whereas areas with lower vehicle theft rates and fewer weather claims generally have lower rates.

The information below shows the highest-priced areas in Delaware for drivers under 25 to buy an auto insurance policy in.

Premium costs are approximated as specific Delaware zip code can increase or decrease coverage prices noticeably.

Full coverage or liability only

Finding the best cheap auto insurance for drivers under 25 in Delaware should be important to the majority of vehicle owners, and one way to save on the cost of insurance is to only buy liability coverage. The information below shows the difference between car insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The rates are based on no claims or driving citations, $100 deductibles, drivers are single, and no additional discounts are factored in.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $100 Deductibles’, ‘Liability Only’],[‘Age 20’, 5455,1619],[‘Age 30’, 2797,885],[‘Age 40’, 2783,819],[‘Age 50’, 2529,767],[‘Age 60’, 2445,755],[‘Age 70’, 2967,1011]]);var options = {title: ‘Rate Comparison of Full Coverage and Liability Only’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in Delaware’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.BarChart(document.getElementById(‘qcibfcl’));chart.draw(data, options);}

Averaged out for all age groups, full coverage on your policy costs $3,163 per year more than carrying just liability coverage. That is a large expense which might make you wonder if paying for full coverage is a waste of money. There is no clear-cut rule of when to phase out physical damage coverage on your policy, but there is a guideline you can use. If the annual cost of having full coverage is about 10% or more of the replacement cost minus the deductible, then it may be the right time to buy liability only.

For example, let’s pretend your vehicle’s replacement cost is $8,500 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most you would receive is $7,500 after paying your policy deductible. If premium cost is more than $750 annually for physical damage coverage, the it may be a good time to stop paying for full coverage.

There are a few cases where eliminating full coverage is not advised. If you still have a loan on your vehicle, you have to maintain full coverage to protect the lienholder’s interest. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should maintain full coverage.

Get discounts on Delaware auto insurance rates

Insurance providers that sell the best cheap auto insurance for drivers under 25 in Delaware may also offer policy discounts that may potentially lower prices by 25% or more if you are eligible for them. The best auto insurance companies and a summarized list of policyholder discounts can be found below.

The example below compares insurance costs with and without discounts applied to the policy rates. The data is based on a female driver, no claims, a clean driving record, Delaware state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows the average annual price with no discounts. The second shows the rates with passive restraint, continuous coverage, paid-in-full, anti-theft, vehicle safety, and paperless filing discounts applied. When discounts are applied, the average amount saved each year on auto insurance for drivers under 25 is 38% or $404.

google.charts.setOnLoadCallback(drawDiscqcibChart);function drawDiscqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Female Driver No Discounts’, ‘Female Driver with Discounts’],[‘Age 20’, 2423,1737],[‘Age 30’, 1527,1183],[‘Age 40’, 1335,1103],[‘Age 50’, 1297,969],[‘Age 60’, 1527,937]]);var options = {title: ‘Effect of Discounts on Insurance Price for Drivers Under 25’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’:{left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#c096ca’, ‘#e1b7ec’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdisc’));chart.draw(data, options);}

Is the best company Geico, State Farm, Allstate, or Progressive?

When buying car insurance, the companies that insure more vehicles than anyone else are Geico, State Farm, Allstate, and Progressive. All of them have a different combination of discounts, features, and options that can influence your buying decision. The data below compares ratings for price and service, as well as some optional coverages you can expect with each one.