Delaware Car Insurance
In 2009, the average Delaware resident spent $500 more on their auto policy than the national average of $1,700.
Fortunately, states do not fix insurance rates, so Delaware drivers can get their premiums lowered.
The best way to do this is by looking at the state's requirements, and then adjusting as needed.
Here are the minimal car insurance requirements for the state of Delaware.
Delaware follows a Tort system that basically means that, in the event of an accident, someone must be found at fault.
Then, the at-fault party is responsible for the costs of damages caused by their vehicle in the accident.
Therefore, Delaware has certain liability requirements to protect its drivers.
In Delaware, drivers are required to establish financial responsibility through standard liability coverage.
This coverage means the driver is able to pay for damages caused by their vehicle in the event of an accident.
Some states allow residents to self-insure or make a deposit at the DMV to meet this requirement, but in Delaware, liability coverage is the only way to satisfy this requirement.
Delaware residents must purchase policies that include the state's minimal liability amounts.
These are $10,000 for property damage, $15,000 for bodily injury per person, and $30,000 bodily injury per accident.
This basic coverage, often referred to as 15/30/10 coverage, will satisfy the state's liability requirements, but, of course, drivers may elect to have additional coverage.
Additionally, Delaware residents must carry personal injury protection of at least $15,000 per person and $30,000 per accident.
Personal Injury Protection (PIP) helps pay for medical expenses resulting from an accident.
Delaware drivers have the option of choosing Uninsured/Underinsured Motorist coverage.
Delaware does not require this type of coverage, but all drivers should be aware of this type of coverage and its benefits.
Now that you know the legal requirements, you may need to check with your lender if your car is financed.
Auto loans usually require additional coverage beyond the state minimum.
This information can be found in your buyer's documents or you may choose to call your lender directly to find out their policy requirements.
Once you have covered all the required limits, you are ready to choose what other coverage you need, if any.
Depending on the age and value of your vehicle, you may benefit from obtaining comprehensive and/or collision coverage as well.
Fortunately, states do not fix insurance rates, so Delaware drivers can get their premiums lowered.
The best way to do this is by looking at the state's requirements, and then adjusting as needed.
Here are the minimal car insurance requirements for the state of Delaware.
Delaware follows a Tort system that basically means that, in the event of an accident, someone must be found at fault.
Then, the at-fault party is responsible for the costs of damages caused by their vehicle in the accident.
Therefore, Delaware has certain liability requirements to protect its drivers.
In Delaware, drivers are required to establish financial responsibility through standard liability coverage.
This coverage means the driver is able to pay for damages caused by their vehicle in the event of an accident.
Some states allow residents to self-insure or make a deposit at the DMV to meet this requirement, but in Delaware, liability coverage is the only way to satisfy this requirement.
Delaware residents must purchase policies that include the state's minimal liability amounts.
These are $10,000 for property damage, $15,000 for bodily injury per person, and $30,000 bodily injury per accident.
This basic coverage, often referred to as 15/30/10 coverage, will satisfy the state's liability requirements, but, of course, drivers may elect to have additional coverage.
Additionally, Delaware residents must carry personal injury protection of at least $15,000 per person and $30,000 per accident.
Personal Injury Protection (PIP) helps pay for medical expenses resulting from an accident.
Delaware drivers have the option of choosing Uninsured/Underinsured Motorist coverage.
Delaware does not require this type of coverage, but all drivers should be aware of this type of coverage and its benefits.
Now that you know the legal requirements, you may need to check with your lender if your car is financed.
Auto loans usually require additional coverage beyond the state minimum.
This information can be found in your buyer's documents or you may choose to call your lender directly to find out their policy requirements.
Once you have covered all the required limits, you are ready to choose what other coverage you need, if any.
Depending on the age and value of your vehicle, you may benefit from obtaining comprehensive and/or collision coverage as well.