Don’t be fooled by its small size and population; there are plenty of reasons to carry adequate Delaware car insurance. Because of its location between New York City, Philadelphia and our nation’s capital, Delaware is one of the most traveled states in the country. CarInsuranceQuotes.com wants to make finding cheap insurance quotes online as simple as possible for Delawareans and that is why CarinsuranceQuotes.com has streamlined the process so you can find quotes from highly reputable companies in less than five minutes. This will allow Delaware residents to get the protection they deserve at prices that will help them drive easier.
Delaware Minimum Car Insurance Requirements
Unlike most other states, Delaware is considered a no-fault state. No-fault means that each individual’s insurance company will cover their expenses in the event they are involved in an accident in the hopes that it will lessen the amount of lawsuits that are filed by their motorists. Because of this, it requires its residents to carry Personal Injury Protection (PIP). PIP insurance is intended to help pay for any medical expenses or death benefits for the insured person.
There are exceptions to the no-fault rule, however. If the medical expenses or cost of property damages exceeds a certain amount or if the injuries to the person not at fault are deemed too severe, the at-fault party will be required to cover these expenses. For this reason, the state of Delaware also requires its motorists to carry a minimum of 15/30/10 of bodily injury liability and property damage liability coverage.
• Bodily Injury Liability- Covers medical expenses for the persons in the other vehicle. With minimum coverage the insurance company will pay a maximum of $15,000 for a single person with a maximum of $30,000 for all individuals in the other vehicle.
• Property Damage Liability- Property damage is any damage to the other person’s vehicle, buildings, and road signs, etc. Under the minimum coverage the insurance company will pay a maximum of $10,000 for damages.
Because the costs of medical expenses and property damage can easily exceed the minimum amounts required by the state, Delawareans are highly encouraged to have better than the minimum coverage. It is also recommended they acquire comprehensive and Collision insurance to help pay for damage to their vehicle if they are deemed to be at fault or if their vehicle is damaged by wildlife or other acts of nature such as thunderstorms or falling tree limbs.
Uninsured/Underinsured motorist coverage is also recommended by the state of Delaware because of the amount of out of state drivers that travel through the state on a daily basis. Many states do not require their motorists to maintain adequate coverage for the state of Delaware and UM coverage will compensate for these inadequacies or if the insured’s vehicle is involved in a hit and run accident.
Unfortunately, Delawareans tend to pay more for their car insurance premiums than most states. In fact, even though the average insurance premiums dropped 4.5% between 2006 and 2007 from $2621 to $2507, Delaware still has the fourth highest average premiums in the country. CarinsuranceQuotes.com wants Delaware residents to pay the lowest prices possible for their car insurance. That is why CarinsuranceQuotes.com has partnered with companies like AIG, Nationwide and Progressive to find our customers the lowest Delaware car insurance quotes from highly reputable companies online. Visit CarInsuranceQuotes.com to get great insurance quotes from great companies today!