How Much is Car Insurance for Low Mileage Drivers in Delaware?

Because the topic is car insurance, the word “cheap” should not be used as a descriptor for auto insurance rates. Forgive the oxymoron, but cheap auto insurance for low mileage drivers may be a thing of the past. Don’t let that spoil your day, because we are going to show you some ways you can still get auto insurance that doesn’t cost an arm and a leg.

The make and model of vehicle you are trying to insure is one of the largest considerations that determines the availablility of cheap auto insurance for low mileage drivers in Delaware. Vehicles with limited speed and performance, excellent safety ratings, or a positive history of liability claims will cost substantially less to insure than fast, unsafe models. The list below estimates coverage rates for a selection of the most budget-friendly automobiles to insure.

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Delaware minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-vehicle, and multi-policy. Table data does not factor in specific location which can raise or lower auto insurance rates substantially.

Looking at the numbers, you can infer that vehicles like the Honda CR-V, Ford Escape, and Honda Accord are going to be a few of the cheapest vehicles to insure for infrequent drivers.

Determining which companies have the most affordable auto insurance rates for low mileage drivers requires a little more sweat than just comparing a company or two.

Each insurance company uses their own calculation to establish rates, so we’ll take a look at the auto insurance companies that tend to have lower prices in Delaware. It’s important to understand that Delaware auto insurance rates are influenced by many factors which can substantially decrease or increase the cost of coverage. Improving your credit rating, buying a home instead of renting, or getting into an accident can trigger changes in premium resulting in some companies being cheaper in comparison to the competition.

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USAA generally has some of the cheapest car insurance rates in Delaware at around $866 per year. Travelers, Nationwide, California Casualty, and Atlantic States would also be considered some of the more affordable Delaware auto insurance companies.

As the rates illustrate above, if you are currently insured with Nationwide and switched to USAA, you might see yearly savings of in the neighborhood of $388. Policyholders with California Casualty may save as much as $427 a year, and Atlantic States insureds might reduce prices by as much as $465 a year.

Bear in mind that those premiums are averages across all drivers and vehicles and and are not figured with a rate decrease for low mileage drivers. So the company that fits your age and vehicle best may not even be featured in the above list. That helps illustrate why you need to compare as many prices as possible using your own individual information.

When shopping for cheaper insurance for infrequent drivers, one of the many factors that insurance companies use when figuring the price of your policy is where you live in Delaware. Cities with more crime and/or more people like Wilmington, Edgemoor, and New Castle tend to have more expensive car insurance rates, whereas cities that are not as densely populated profit from lower rates.

The information below ranks the higher priced cities in Delaware for low mileage drivers in which to purchase auto insurance.

Price information shown is approximated as vehicle location can raise or lower coverage prices considerably.

Buying coverage from a good quality insurance company can be a challenge considering how many companies sell insurance in Delaware. The company information shown below could help you choose which auto insurance companies to look at purchasing a policy from.

The ratings below are only comprised of major nationwide insurance companies, so companies that have a smaller presence are not taken into consideration for these rankings. To get price quotes from these and other companies in Delaware, follow this link.

Price comparison of only insuring for liability

Finding cheap auto insurance for low mileage drivers in Delaware is probably important to most drivers, and one easy way to buy cheap insurance is to not insure for full coverage. The example below illustrates the difference between annual premium costs with and without full coverage. The premiums are based on no accidents or driving violations, $250 deductibles, drivers are single, and no other discounts are factored in.

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If averaged for all ages, comprehensive and collision coverage on your policy costs $2,126 per year over having just liability coverage. Many drivers may wonder if buying full coverage is worth the money. There is no set rule to drop physical damage coverage, but there is a general guideline. If the annual cost of your full coverage insurance is about 10% or more of replacement cost minus your deductible, then you might consider buying liability only.

There are a few cases where buying only liability insurance is not a good idea. If you have an outstanding loan on your vehicle, you have to carry full coverage in order to satisfy the requirements of the loan. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should not buy liability only.

How to find low-cost auto insurance for low mileage drivers

It’s not impossible to find cheaper rates, and here are many penny-pinching solutions that can help Delaware drivers get low-cost coverage.

• Serious violations like DUI or reckless driving can increase rates dramatically
• Do not pay for comprehensive and collision coverage on older vehicles
• Higher credit scores may earn you cheaper rates
• Buy vehicles with five-star safety ratings
• Increase the comprehensive and collision deductibles on your policy
• Being accident-free can lower rates significantly
• Comparison shop at least once a year

The final tip is highly critical, as was noted in the prior information. Car insurance prices in Delaware fluctuate constantly, so don’t be tentative to change to a new company if a lower price can be found.

Many drivers tend to have loyalty to a certain company, but it’s not a good idea if that loyalty results in overpaying money that could be spent on other things. It only take a few minutes to compare rates to find cheaper insurance for low mileage drivers.

Cheap insurance quotes for infrequent drivers

Consumers have many ways to find cheaper auto insurance in Delaware, but the three most common ways are from an independent insurance agent, an exclusive insurance agency like Allstate or Liberty Mutual, or direct either online or via phone.

All three ways are similar, but each is different in how they work.

Independent insurance agents write for multiple companies and can compare coverage rates with each one. These types of agencies are able to give you more rate choices, which may give you a better chance of saving money. If a cheaper price is found, the business is moved internally and you can remain with the same agent.

A captive or exclusive agent is only able to quote rates with one company, two popular examples being Liberty Mutual and Allstate agents. They generally cannot quote prices from more than just one company, which does not give you the best rate comparison.

When you buy auto insurance direct, you forego an independent or exclusive agent and instead shop buying direct from a company like Geico or Esurance. This auto insurance option may be preferred by consumers who do not need risk management and know what coverage limits and deductibles they need.

So what is the best way for finding cheap auto insurance for low mileage drivers in Delaware? We’d like to tell you buying from a direct company yields the cheapest rates since that prevents the need to pay agent commissions, but that turns out to not be true. We could also say that going through an independent agent saves the most money since there are more companies to choose from, but that idea is not necessarily true either. For some people, the exclusive agents have really good rates that independents and direct companies can’t touch.

Since auto insurance prices vary so much, the best method to buy the cheapest policy is to compare, compare, and compare some more. If you have the time, get quotes from all three to have a good selection of rates to choose from. A great place to start is our list of online companies offering discounts: click here to view.