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Covering your Car
Under Delaware law, every motorist must carry coverage in the form of liability protection. The minimum requirements for liability protection are $15,000 for bodily injury per person, $30,000 for bodily injury per accident and $10,000 for property damage per accident.
It is important to understand that these are minimum requirements and may not be enough to pay for legal fees and damages if you are responsible for a car accident. Furthermore, there are other forms of coverage you may add to your Delaware car insurance policy for added protection.
In addition to liability coverage, you may choose to add collision, comprehensive and/or uninsured motorist coverage to your Delaware car insurance policy:
Collision coverage will provide monetary compensation if your car is damaged in an accident or collision with another object.
Comprehensive coverage covers damage to your car due to non-accident related events. These events may include weather-related damages from flood, hail and windstorm, as well as damages from theft and vandalism.
Uninsured motorist coverage provides compensation from accidents by uninsured motorists or hit-and-run drivers. Generally, uninsured motorist coverage only covers physical damage to the driver and passengers—so you may want to purchase collision coverage in conjunction with uninsured motorist coverage to protect you and your car.
Remember that these are optional forms of coverage offered by Delaware car insurance companies. While these forms boost your protection, they will also increase your premium. Be sure to discuss your needs with your Delaware car insurance agent to find the right amount of coverage for you.
The Delaware Auto Insurance Plan (DAIP)
If you have been turned down by multiple insurers, you may still obtain Delaware car insurance through the Delaware Auto Insurance Plan (DAIP).
DAIP is a high-risk insurance pool, designed to provide coverage to those that cannot obtain it in the normal market. It also ensures that applicants are evenly distributed amongst Delaware insurers.
DAIP policies may be purchased through any licensed Delaware car insurance agent—you must have a valid driver's license and registered automobile in the State of Delaware to qualify.
Determining a Premium
Many factors are considered when determining the premium for Delaware car insurance. The Delaware Insurance Department offers some of the most common determinants:
Driving Record—there is a direct correlation between your driving record and your premium. The more marks you have, the more you will pay.
Type of Automobile—you may face higher premiums if your automobile is costly to repair or replace.
Use of Automobile—the more you drive your car, the greater your risk for accident. This will be reflected in your premium.
Location—accidents, theft and vandalism are more common in metropolitan areas. Therefore, if you live or work in the city, you may pay more for Delaware car insurance.
Deductible—the higher your deductible, the lower your premium is likely to be. Just make sure you set the deductible at an amount you can afford.
Discounts—many insurers offer discounts for good driving records, good student drivers, safety and anti-theft devices in the car and much more. Be sure to inquire about discounts offered by your Delaware car insurance agent.
Keep in mind that these are some of the general factors insurers use when determining the premium for your Delaware car insurance policy. Be sure to discuss any questions or concerns with your agent before purchasing your policy.
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