Newark, DE Auto Insurance | Cheap Car Insurance in Newark, DE
The average Newark, DE auto insurance is $232 per month. Auto insurance in Newark, DE, is much higher than the state and national average. However, different factors that affect Newark, DE car insurance can change your rates, such as age, credit score, driving record, and vehicle. Smaller factors, like education and deductible, can also impact car insurance in Newark, DE. Compare multiple companies and shop around to find affordable Newark, DE auto insurance.
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Rachael Brennan
Licensed Insurance Agent
Rachael Brennan has been working in the insurance industry since 2006 when she began working as a licensed insurance representative for 21st Century Insurance, during which time she earned her Property and Casualty license in all 50 states. After several years she expanded her insurance expertise, earning her license in Health and AD&D insurance as well. She has worked for small health in...
Licensed Insurance Agent
UPDATED: Nov 17, 2020
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- The average Newark, DE auto insurance costs $232 per month.
- On average, Newark, DE auto insurance rates are higher than those in other states.
- According to our research, Nationwide is the cheapest auto insurance company in Newark, DE.
- Additional factors can impact car insurance in Newark, DE.
Cheap auto insurance in Newark, DE, is offered by several companies. Delaware auto insurance requires liability coverage from all Newark, DE auto insurance companies. However, we recommend carrying more than the auto insurance minimum.
Our Newark, DE, car insurance guide will explore different car insurance companies in the Newark area that are easily accessed and affordable. We’ll also provide other details to help you understand the cost of car insurance in Newark, DE.
Are you looking for cheap car insurance in Newark, DE? To find cheap Newark, DE auto insurance quotes from the top providers today, enter your ZIP code into the FREE comparison tool above.
What is Newark, DE average monthly auto insurance rate?
Newark, DE, is one of Delaware’s most populated cities, so that auto insurance could be more expensive on average. Let’s compare the car insurance rate in Newark, DE, to the state and the national average.
| Newark, DE Average Monthly Rate | Delaware Average Monthly Rate | National Average Monthly Rate |
|---|---|---|
| $232 | $110 | $129 |
As expected, Newark, DE, car insurance is over $100 more than the state average and national average. But you can lower your auto insurance rates through several factors that affect auto insurance. Continue reading to learn more.
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Newark, Delaware Auto Insurance Requirements
To legally drive in Newark, Delaware, you’ll need to meet the auto insurance requirements. Here are the following minimum forms of coverage.
| Coverage | Requirements | Most Common |
|---|---|---|
| Bodily Injury Liability | 15,000/30,000 | 100,000/300,000 |
| Property Damage Liability | 10,000 | 50,000 |
| Uninsured Motorist Bodily Injury | Not required | 100,000/300,000 |
| Personal Injury Protection | 15,000/30,000 | 15,000/30,000 |
| Collision | Not required | 500 deductible |
| Comprehensive | Not required | 0 deductible |
Keep in mind that just because Delaware minimum car insurance requirements don’t include comprehensive, collision, and other coverage forms. However, you should look into them. The extra expense could be worth it in the long run if it saves you from paying expensive out-of-pocket repairs costs.
Newark, DE auto insurance will vary by company and various other factors. Continue reading to see how car insurance in Newark, DE, is affected by different factors, such as driving record, age, and credit score.
Cheapest Newark, DE Auto Insurance Companies
Auto insurance providers consider many factors when determining insurance quotes, including marital status, occupation, driving distance to work, your years of driving experience, and whether or not you’re using the vehicle for business.
State Farm, National Grange Mutual, and Nationwide are providing some competitive rates in Newark right now. However, don’t make your decision based on price alone. If the Newark, Delaware auto insurance company has bad customer service or a difficult claims service, the price could escalate quickly.
Additionally, premiums change from carrier to carrier. To find out whether you’re still getting the most affordable Newark, DE auto insurance, compare the cheapest car insurance in Newark, Delaware online.
Major Factors in Finding Cheap Car Insurance Quotes in Newark, DE
Newark, DE auto insurance companies take numerous elements into account when crafting an auto insurance policy. Unfortunately, many of these factors can’t be changed.
Your ZIP Code
Your auto insurance rates may differ depending on where you call home. In general, highly populated cities have higher auto insurance rates because the larger number of drivers on the road increases the likelihood of an accident. The population of Newark is 32,549, and the median household income is $53,372.
Automotive Accidents
If your ZIP code tends to have a lower rate of fatal accidents than other areas, insurance companies will likely reward you for living in a safe area with some pretty nice discounts. This is something that Newark motorists get to enjoy, as you can see in the chart below.
Auto Thefts in Newark
Auto theft is a major problem, especially in densely populated cities. If your location and vehicle model put you at a greater risk for theft, you may have trouble finding low-cost car insurance.
According to statistics from the FBI, 33 motor vehicles were stolen in Newark in 2018. Because thefts are on the decline in Newark, you might save big each month by asking your insurance company whether or not comprehensive coverage is necessary.
Your Credit Score
Newark, Delaware auto insurance agencies put a lot of stock into your credit score. The better your credit, the lower your rate will be.
According to the Federal Trade Commission, you can get cheaper rates if you have a good credit score. However, having a low credit score can significantly raise your rates. As you can see in the chart, some companies will charge you double (or more) than someone with excellent credit.
Compare cheap car insurance companies in your area by entering your ZIP code in the FREE comparison tool below.
Free Auto Insurance Comparison
Enter your ZIP code below to compare auto insurance rates.
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Your Age
In the market to insure a teenage driver? Well, we have some bad news and some good news. The bad news is that teenage drivers are the most expensive to insure (on account of their lack of driving experience and increased accident risk). This is true for all agencies, not just Newark, Delaware, auto insurance agencies.
Watch this video to learn about how you can save on teen auto insurance.
The good news is that there are discounts specifically for teenagers — such as “Good Student” and Driver’s Ed discounts — which can help alleviate the financial burden.
Your Driving Record
If you can keep a clean driving record, you can secure the lowest possible rate on your automotive insurance policy. Unfortunately, the more violations you add to your record, the more expensive your insurance will become. You may even lose your coverage entirely. Severe violations increase the risk of losing your car insurance coverage.
Your Vehicle
If you have the disposable income for a luxury vehicle, make sure that you also get some luxury insurance to go with it. Carrying the bare minimum coverage for an expensive car will likely leave you holding the bill in most claims filing situations.
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Minor Factors in Cheap Auto Insurance in Newark, Delaware
Some factors that determine auto insurance have a small impact. These factors can also alter your rate, for better or worse. Let’s talk about it each factor in the sub-sections below.
Your Marital Status
Want to know how married couples can save on auto insurance? By bundling, that’s how. When you and your spouse bundle your policies together, you can get some serious savings. And if you have other forms of insurance — such as homeowners or renters insurance—you can save even more by bundling those as well.
Your Gender
Are you worried about being charged more simply because of an uncontrollable factor, such as your gender? Well, don’t worry too much, because most providers these days charge the same rates, regardless of gender.
And if you do get charged a higher premium for being male or female, it won’t be more than a few dollars per month.
Your Driving Distance to Work
In Newark, commute times generally range from 15 to 18 minutes near the city’s heart but can climb up to 29 minutes the further out you go.
The table below shows the average annual auto insurance rates in Delaware based on commuter travel distance.
| Companies | Average Annual Rates for 10-Mile Commute 6,000 Annual Mileage | Average Annual Rates for 25-Mile Commute 12,000 Annual Mileage |
|---|---|---|
| USAA | $2,301.33 | $2,350.62 |
| Geico | $3,668.09 | $3,786.48 |
| Progressive | $4,181.83 | $4,181.83 |
| Travelers | $4,182.36 | $4,182.36 |
| State Farm | $4,314.22 | $4,619.47 |
| Nationwide | $4,330.21 | $4,330.21 |
| Allstate | $6,316.06 | $6,316.06 |
| Liberty Mutual | $17,851.76 | $18,868.27 |
Believe it or not, the difference between someone who drives several thousand miles a year for work and a student who lives close to campus rarely differs more than a few percentage points in monthly premiums. The real cost comes from registering your car, truck, or SUV as a business vehicle. Those can cost 10 to 12 percent more to insure.
Your Coverage and Deductibles
Most auto insurance providers offer some flexibility when it comes to your policy. For example, you can reduce your monthly payments and increase your coverage by raising your deductible. Yes, it may make repairs or replacements more expensive, but you can save up the extra money with lower monthly payments.
Education in Newark, DE
Newark has a high percentage of drivers with bachelor’s degrees — nearly one-third of motorists have attained this level of higher education.
If you’re thinking about going back to school, it’s an excellent idea for many reasons. In addition to expanding your education and career options, getting a degree will likely score you cheaper auto insurance rates.
Since Newark is the home of the University of Delaware, it shouldn’t be a surprise that so many local drivers have a college degree. One of the main subjects students flock to UD to study is chemical engineering, a big industry.
Determining your risk profile can be very difficult for car insurance shoppers. Auto insurance companies have an advantage over consumers due to their data and industry experience. Learn what insurance companies don’t want you to know.
How We Conducted Our Auto Insurance Analysis
To determine which Newark, Delaware, auto insurance company is for you, we conducted an analysis. We calculated our average rates based on the following metrics: a married, 34-year-old male with good credit, a 12-month history of maintaining auto insurance, a clean driving record, who owns his own home.
Miles driven annually were based on the national average. The average rates were also calculated based on a financed 2015 Honda Accord with a pre-installed anti-theft device.
Frequently Asked Questions: Newark, DE Auto Insurance | Cheap Car Insurance in Newark, DE
Let’s wrap up the Delaware auto insurance guide by answering a few questions about Newark, DE auto insurance companies.
Ready to buy Newark, DE auto insurance? If you’re ready to move on to looking at cheap Newark, DE car insurance companies in your area, enter your ZIP code in the FREE comparison tool below.
#1 – Who has the cheapest car insurance rates in Newark, Delaware?
The companies with the cheapest car insurance rate in Newark, DE is Nationwide.
#2 – Who are the top three Newark, DE auto insurance companies?
State Farm, National Grange Mutual, and Nationwide.
#3 – Which Newark, DE auto insurance company has the best auto claims service?
According to A.M. Best and J.D. Power, State Farm and Nationwide have the best car insurance claims service in Newark, DE.
#4 – What is the worst auto insurance companies in Newark, DE?
According to Consumer Reports, Esurance is worst car insurance in Newark, DE.