UPDATED: Mar 13, 2020
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Cheap Car Insurance in Pike Creek, DE
Are you looking for cheap auto insurance in Pike Creek? At AutoInsuranceEZ.com, you’ll find the cheapest insurance rates where you live. To get free car insurance quotes from the major providers today, input your zip code into the quote box on this page.
Often referred to as the “Corporate Capital of the World”, Pike Creek is a heaven for small and/or new businesses thanks to joint efforts by both private and public enterprise. Because of this, the city possesses a diverse labor force. Although within driving distance from major metropolitan areas such as Philadelphia, Pike Creek residents enjoy a lower cost of living with big-city convenience. Find affordable car insurance in Delaware here.
- Fun fact: Did you know that Pike Creek is #1 on the list of “Top 101 cities with largest percentage of males in occupations: Mathematical science occupations (population 50,000+)”? Learn more about Pike Creek, DE.
Auto Insurance Coverage Requirements in Delaware
Trying to drive legally in Delaware? Well, you’ll need:
| 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 |
Delaware differs from most states in that it requires a minimum level of PIP (Personal Injury Protection) along with Liability coverage. PIP insurance protects you in the event that you have medical expenses associated with an accident, regardless of who is deemed at fault.
Most drivers who live in Delaware are probably paying around $132 per month for their automotive insurance. However, did you know it’s possible to get good coverage in Pike Creek for $89/mo? To learn the secrets for affordable coverage, keep on reading.
Nationwide, National Grange Mutual, and State Farm are offering some fairly affordable rates in the Pike Creek right now. For the most part, these companies are fairly reputable. But not all insurance providers have what you need and also offer low rates. Therefore, it’s important to look into these companies before you make a final purchase.
Insurance companies contemplate numerous factors when establishing insurance quotes, including driving experience, credit score/rating, driving distance to work, and business use of the vehicle. In addition, premiums vary from provider to provider. To make sure you’re still getting the most affordable rate, compare auto insurance in Delaware online.
Enter your zip code below to view companies that have cheap auto insurance rates.
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Major Car Insurance Factors in Pike Creek
There are several ways in which your insurance rate might be estimated. But not all of it is out of your control; there are things you can do in order to control what discounts you are entitled to get. Listed here are a few of these factors in greater detail:
Your Zip Code
The cheapest car insurance is usually found in cities with a lower population density. Because there are fewer automobiles on the road, there are fewer opportunities for you to get into a major car accident with another driver. The population of Pike Creek is 7,898 and the median household income is $104,946.
Automotive Accidents
As you can see, fatal accident statistics for the Pike Creek area are very low. This is good for drivers in Pike Creek for both safety reasons, and for those who want to save money on their auto policy. After all, zip codes with lower accident rates are charged much less.
Auto Thefts in Pike Creek
Even in small cities such as Pike Creek, where having your car stolen is statistically rare, auto theft can still be a problem. There are multiple things you can do to make this less of a problem for you: add Comprehensive coverage to your policy (which pays out theft claims), and install a passive anti-theft system on your car. Your automobile insurance company may reward you with lower rates!
Your Credit Score
Your credit score is one of those elements which you probably don’t think about often, but has a significant influence nonetheless. For those with good or even excellent credit, you can look forward to really low monthly rates. Those with poor credit, however, might face monthly charges which are significantly higher.
Your Age
One you get past a certain age, your insurance rates drop significantly and rarely fluctuate thereafter. However, when you are still very young, and especially if you are a teenage driver, your lack of experience behind the wheel makes you a high risk driver. And high risk drivers, unfortunately, have to pay higher monthly rates.
Your Driving Record
Most drivers don’t have a perfect driving record – but that doesn’t necessarily mean that they’re high risk. For this reason, many providers have a relatively new “Accident Forgiveness” discount which can reduce your premium for minor infractions, such as a speeding ticket or a minor accident. As your agent today if you’re eligible.
Your Vehicle
If you’re driving a relatively popular and economical car, you might not need to splurge on coverage because minor fixes won’t break your bank. However, it’s a different story for luxury vehicles. On top of being expensive to repair, luxury vehicles require more coverage in larger amounts, which explains their higher insurance rates.
Minor Car Insurance Factors in Pike Creek
Make sure you keep in mind how the following factors may alter your rate:
Your Marital Status
It’s not that being married makes you more or less likely to get into an accident, statistically speaking. However, insurance companies love it when you bundle policies together. Spouses are in a great position to save by giving their insurance company what they want and bundling their policies. You can even bundle homeowners, renters, or other forms of insurance (as long as all policies are offered by your insurer).
Your Gender
Some people still think that there are significant differences between male and female drivers – but not many of those people are currently working at auto insurance companies. Most insurers are charging men and women approximately the same rate these days.
Your Driving Distance to Work
Workers in Pike Creek have fairly long commute times, sometimes ranging from 21-26 minutes on average. Nearly 80% of the work force drives to work in their own car, while around 4-5% carpool.
Some insurers want to make a big deal out of how many miles you drive yearly, or why you’re driving (work/school vs. recreation). But in truth, unless you’re driving a business vehicle (which can see rate hikes as high as 10%) or more, your reason or distance won’t drastically alter your rate.
Your Coverage and Deductibles
Need to add coverage, but don’t want to double your monthly premium? Talk to your agent about raising your deductible. This can lower your monthly payments, but also leaves you with a higher bill if you need to file a claim.
Education in Pike Creek, DE
Almost one-third of motorists in Pike Creek have earned a bachelor’s degree. In the long run, this will help them save a lot of money on car insurance, because providers like giving cheaper rates to drivers with some form of higher education. Having a degree nets larger discounts than even having a prestigious job or a large salary.
Pike Creek may not have an abundance of colleges and trade schools within its borders, but that doesn’t mean that Pike Creek residents don’t have options. The nearby cities of Newark and Wilmington are two of the highest populated cities in Delaware. Additionally, they are home to the University of Delaware and Delaware State University, respectively, as well as an abundance of trade schools.
Finding affordable auto insurance can be a hassle. There’s a lot of information you need to consider, and figuring out how insurance companies evaluate your potential risk can be complicated. But don’t let the wrong insurance company talk you into purchasing the wrong policy.
How We Conducted Our Car Insurance Analysis
*We calculated our average rate 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 rate was also calculated based on a financed 2015 Honda Accord with a pre-installed anti-theft device.
Sources:
State of Delaware – Department of Insurance
Delaware Department of Finance
Department of Highway Safety and Motor Vehicles
These Companies Offer Lowest Rates on Auto Insurance in Pike Creek, DE – Compare Rates Now!